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

To: TobagoJack who wrote (40184)	9/21/2008 1:05:14 AM
From: Rolla Coasta	Read Replies (1) \| Respond to of 218059

It seems likely USA will be the last country to have its currency backed by something when crisis deepens. Other countries will not go fiat again so as to calm people against rioting.

To: TobagoJack who wrote (40184)	9/21/2008 7:42:26 AM
From: elmatador	Read Replies (1) \| Respond to of 218059

Desperate men do desperate things. Once pushed to the edge and seeing the sharp stones 100ft below, men do whatever possible not to fall to the painful death.

To: TobagoJack who wrote (40184)	9/21/2008 10:43:30 AM
From: carranza2	Read Replies (1) \| Respond to of 218059

We might be bailing out everyone, except the US taxpayer. politico.com

To: TobagoJack who wrote (40184)	9/22/2008 12:49:43 PM
From: Haim R. Branisteanu	Read Replies (2) \| Respond to of 218059

TJ, I think this is the wrong view of the US intervention in the mortgages and ABS narkets. There is a crisis of mega proportion all around the world - US is not alone with their overleveraged consumer if via mortgages or credit card or car loans. In China residential RE dropped up to 30%, in Eastern Europe people took mortgages in Yen as they could not afford local currency interest rates - the leverage is hitting every one not only the US as similar situations are in the EU. The USD will be fine if compared to the EUR for example who is under pressure of internal political strife between the EU members, a garden variety recession due to stubborn EU central bank and the treat of Russia cutting of energy supplies if the EU will not march to Russia's drums. Unfortunate the market participants are misreading the situation, this is a huge amount of confetti but I think it will do its job – stopping the downwards spiral of RE prices The madness in the currency markets must be stopped as a contingent to the rehabilitation of world wide RE markets and a orderly deleveraging. I do not know who is trashing today the USD and propping up commodities but this is utterly wrong and serves no purpose except than enriching the few. I know that form this morning every commercial bank sales man all over the world are encouraging their clients to sell the USD – it seems like a concerted “run on the bank” and I am not sure who is instigating this move – what is clear that it is not a normal conduct of FX markets and some big players are behind the wrong interpretation of the stabilization package. First the USD is rallying because of funds repatriation and now is collapsing because the wrong interpretation