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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (76598)	3/21/2008 5:47:11 AM
From: coachbobknight	Read Replies (2) \| Respond to of 116555

nice work mish...hat tip to you...you must have good sources around here...grin... also, regarding goldman sach's earnings, their tax rate for this quarter was 29% versus 33-34% in the last several quarters i believe... check the numbers, but i am sure i remember this from the cc... so no commercial writedowns(cuz they moved all this junk to level 3) plus a lower effective tax rate equals a huge celebration on the part of the lemmings... see my next post for another question about goldman... steve

To: mishedlo who wrote (76598)	3/21/2008 6:02:01 AM
From: coachbobknight	Respond to of 116555

and one last thought for tonight... the merrill case against xl capital regarding the 3.1 CDS guarantee... look what was in that same bloomberg article... bloomberg.com "" Other bond insurers including MBIA Inc. and Ambac Financial Group Inc. may also seek to cancel $100 billion of contracts on CDOs tied to subprime mortgages that they wrote if they're unable to shore up capital through other means, according to Janet Tavakoli, president of Chicago-based Tavakoli Structured Finance. ``Apparently in light of the current dramatic downturn and deterioration in the credit markets, defendants are having `sellers' remorse,' '' Merrill said in the complaint filed today in Manhattan federal court. "" So this is sort of a big deal, wouldn't you say...hmmm... as they say it just keeps getting 'interestinger and interestinger'... peace out...steve

To: mishedlo who wrote (76598)	3/21/2008 10:53:00 AM
From: Claude Cormier	Read Replies (1) \| Respond to of 116555

Mish, According to ShadowStats.com, M3 would still be growing at 18%+ per year. Do you believe in that? (Fourth chart on this page: gold-eagle.com "The Shadow Govt Statistics folks do such great work in removing deceptive games and gimmicks. They report the US$ money supply is growing at an annual 18.0% rate, March 2007 over March 2007. "

To: mishedlo who wrote (76598)	3/21/2008 4:55:24 PM
From: Mike Johnston	Read Replies (1) \| Respond to of 116555

Mish, US is rapidly becoming a socialist, centrally planned economy. Things that were unlikely just a couple of years ago are becoming reality. Things that were completely unthinkable are no longer that far fetched and we have to consider the possibilty of them becoming reality as well. How do you incorporate socialism into the equation ? Will your predictions of deflation be modified as aspects of socialism are incorporated into the economy ? Message 24429405