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

To: energyplay who wrote (30805)	3/12/2008 7:15:35 AM
From: TobagoJack	Respond to of 217561

good food for methodical thought. thanks. not as fun as shouting, 'we are doomed', but ok. :0)

To: energyplay who wrote (30805)	3/12/2008 7:58:03 AM
From: carranza2	Read Replies (1) \| Respond to of 217561

The Fed will have used up about 1/2 of its capital of about $900bn to contain the crisis. Think of it as the Fed taking a bullet for the banks and financials, with only a modest expectation that the money it is using it will repaid. That is what the Fed does in order to keep the financial system afloat. Banks will be able to handle their CDS counterparty risk. The financial crisis is likely over. Stick a fork in it. The effects: in the short to medium term the dollar goes down, good for US exports, naturally terrible for our trading partners who hold them. Good for gold, short term. Long term, healthy for dollar as it should ultimately strengthen if the right regulatory steps are taken. This should never be allowed to happen again. Wall St. needs to be slapped silly. Jail terms and fines based on high percentages of compensation should be instituted for the crime of 'financial dereliction,' a new crime defined, somehow, as doing really stupid things, so stupid that the creation of fees and commissions is the only reason for doing them. If this operation is not enough - I am increasingly of the view that it is - we are going straight into Jay's financial re-set. Question: now what do I do with my PF?