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

To: carranza2 who wrote (30854)	3/13/2008 10:34:59 AM
From: TobagoJack	Read Replies (1) \| Respond to of 217532

the fed will fail, along with its shareholding banks, as assets fall, unemployment rise, and population go wild with anguish and anger the only thing left standing will be the dollar, with 15 required for a cup of coffee, if we are lucky and if not, 50 do not even think about buying gasoline for commuting purpose 200/barrel is a sure thing before all is said and tried recommendation: continue to buygold

To: carranza2 who wrote (30854)	3/13/2008 6:14:51 PM
From: KyrosL	Read Replies (2) \| Respond to of 217532

I agree with you C2. And it's not only the Fed, it's the Congress too. There were noises about having the FHA buy up all the subprime mortgages in the market. At current prices it's going to cost $50 billion or so. The deficit last month was $175 billion. What's an extra hundred billion or two.

To: carranza2 who wrote (30854)	3/14/2008 6:20:45 PM
From: TobagoJack	Read Replies (1) \| Respond to of 217532

Message 24395992 << - Bear Stearns is in real trouble. Forget about their shitty portfolio. They're losing clients in droves from what I heard. That is, Hedge Fund A has two prime brokers, say Goldman and Bear. They're all moving all their positions to Goldman only at the moment. Bear is losing out big time from what I hear>> ... turned out to be close to the truth, now that a bailing action is called for and answered, whereby JPM and its 45% owned subsidiary, the Federal Reserve, is stepping up to put a bandaid on the gushing artery, in hopes that the fraud can continue, knowing full well that the tab will be picked up by J6P. I wonder what happens when a foreign counter-party fails, like mentioned here as a potential Message 24400871 <<rumors in hk is that a large bulge bracket swiss financial house will go under, because of losses, and the institution employees leaving in droves, and ... get this ... the institution supposedly back-date allocated its proprietary losses into the discretionary accounts of clients>> recommendation: buy 3-6 months t-bills, and get your name on every single scrap of paper at any and all institutions that does discretionary accounts, holds co-mingled funds; buygold, physical and paper buysilver, same same chugs, tj

To: carranza2 who wrote (30854)	3/14/2008 6:58:07 PM
From: Dr. Voodoo	Respond to of 217532

Yes, a bailout, but the issue is liquidity at the moment, not solvency. To think this hemorraging is going to stop just because someone pumped another unit of blood in the patient maybe a bit premature. I don't think anyone has any clue about solvency at the moment. We'll see. Add in derivatives and credit default swaps, and 50 billion could be a drop in the ocean. I'm getting a much more bearish picture. First, a bailout(even when you think about Resolution Trust and the Savings and Loan bailout), was not good for the market. Go back to Roosevelt plans, they weren't good for the market either. Second, consider the massive influx of capital it's going to take to keep a run on the bank from happening on monday? If indeed there is any versions of the truth that is to be believed, there has already been a massive run since monday. Now figure J6P is thinking about what happened to his UK cousin who had his life savings in Northern Rock. Now he's got all weekend to call up his FA at Bear and ask him where the @!$ is his money...... If anything, I would be paranoid about -->market crash-->unexpected fear of major recession-->commodity collapse--->financial meltdown--->markets become reality. Serious questions going forward about when Euro and Yen find a top vs. dollar. At some point that collapses exports. If there is collapse or even perceived collapse in demand from US because of greater than expected recession, then game over, dark integrum, things start getting repriced in a big way, dollar run. So with all that said,... If we were in the 3rd inning before today, maybe only 3rd inning 2 out, DH up and he's 0-2 against the Roger Clemens, and George Mitchell is umpiring... :-)