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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (132657)10/3/2008 10:52:42 AM
From: bull_dozer  Read Replies (2) | Respond to of 313301
 
California may need emergency $7 billion loan

Schwarzenegger sends letter to Treasury Secretary Paulson

"In the letter dated Oct. 2, Schwarzenegger called for the passage of the $700 billion financial industry bailout plan which the U.S. House of Representatives is expected to vote on Friday, the Times said.

'Absent a clear resolution to this financial crisis, California and other states may be unable to obtain the necessary level of financing to maintain government operations and may be forced to turn to the federal treasury for short-term financing,' Schwarzenegger wrote in the letter, according to the paper."

msnbc.msn.com



To: Rarebird who wrote (132657)10/3/2008 12:11:26 PM
From: rubbersoul  Read Replies (1) | Respond to of 313301
 
< if this bailout bill passes, it is highly inflationary and will cause treasury yields and the POG to surge over the coming year.>

Thanks. That is what one would think. But won't it take a little while for the money flow to take effect?

Re-entered K.TO @ 15.85-16.15.

My SU.TO purchases yesterday (75% of PF @ 36.30 avg) is doing just fine ;O)

Almost fully invested.


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