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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (29168)	2/6/2008 11:43:44 AM
From: carranza2	Respond to of 219714

Seems Roubini is finally getting his due. I have followed him for years. He sees things as I do. Grim, very grim. I have determined that toxic sludge was dumped at even lower prices after the first rate cut this year. The assumption by traders was that the Fed knows that things must be worse than ever imagined. Opportunistic buyers said that sellers became more receptive to what had been below-market bids on Tuesday, when the Federal Reserve surprised many financial-market participants by cutting its overnight lending rate by 75 bp, to 3.5%. A handful of new deals, backed mainly by credit-card receivables and auto loans, also priced at wider spreads than they would have a week ago. The reason: Even as the rate cut move cheered some areas of Wall Street, fund managers and investment banks that have been trying to unload huge structured-product inventories took the news as an indication that the Fed believes the credit crisis is still going strong. That means their holdings - especially those tied to the same troubled mortgage products that caused the debt-market squeeze- could continue to lose value in the months ahead. securitization.net

To: elmatador who wrote (29168)	2/6/2008 5:18:06 PM
From: TobagoJack	Read Replies (2) \| Respond to of 219714

wonderful this just in in-tray, from premier gold moolah manager Gold has for a long time been valued as a commodity with the same metals analyst using 1 excel sheet to value copper, Gold, aluminium et all (have we ever seen a currency report mention Gold??? )...whether this was right or wrong (I think it was totally wrong) is a matter of debate, but now we have Gold being revalued or being 'really' valued as money...and as we see currency debasement in full splendour, Gold's real monetary value is yet to be discovered/uncovered...it will take years, if not decades before we can judge how valueable (or not) is a particular currency against other paper currencies and most important of all against Gold ! It is overbot, but it can stay overbot for a long time to come with swift & shallow corrections which will bump off as many Gold bulls as possible !