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

To: pezz who wrote (29394)	2/13/2008 11:02:26 AM
From: carranza2	Read Replies (1) \| Respond to of 217544

Mr. martin's ideas? That 8.6 years equals 3141 days, i.e., pi, and that this is somehow a mystical market timer? It seemed fascinating at first, then amusing, then way on the outer fringe. I think Jay is pulling our collective legs. Watch the theory be spot on. Probably as good as any of my well-researched, thoroughly probed, tested to a fare-thee-well 'objective' thinking.

To: pezz who wrote (29394)	2/13/2008 7:32:53 PM
From: TobagoJack	Read Replies (3) \| Respond to of 217544

just in, we are saved Depression risk might force U.S. to buy assets reuters.com By John Parry NEW YORK (Reuters) - Fear that a hobbled banking sector may set off another Great Depression could force the U.S. government and Federal Reserve to take the unprecedented step of buying a broad range of assets, including stocks, according to one of the most bearish market analysts. That extreme scenario, which would aim to stave off deflation and stabilize the economy, is evolving as the base case for Bernard Connolly, global strategist at Banque AIG in London. In the late 1980s and early 1990's Connolly worked for the European Commission analyzing the European monetary system in the run up to the introduction of the euro currency. "Avoiding a depression is, unfortunately, going to have to involve either a large, quasi-permanent increase in the budget deficit -- preferably tax cuts -- or restoring overvaluation of equity prices," Connolly said on Monday. "If conventional monetary policy is not enough to produce that result, the government may have to buy equities, financed by the Fed," Connolly said. Legal changes would be needed to give the Federal Reserve and the U.S. government the authority to buy stocks. Currently the Federal Reserve can buy only debt issued by the Treasury, as well as U.S. agency debentures and mortgage-backed securities. <snip>