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

To: TobagoJack who wrote (40657)	10/4/2008 7:31:03 AM
From: Haim R. Branisteanu	Read Replies (3) \| Respond to of 220240

It is my impression that the financial world is at a new peak of panic - and there are so many distressed selling that it affects everything in a very erratic way. It seems obvious based on the gyration of everything traded that we are far away from orderly and liquid markets and most market participants are out of touch with reality. As to the USD it is my sense that its credibility as reserve currency was badly hurt over recent years, but so has the credibility of other major currencies. Gold as anything else followed the swings re- to the USD which will swoon quite soon after the realization that the $700 B is only an financial aspirin and to shore up the markets a REAL event should happen to restore the populance confidence in any currency. Unfortunate not much was left to buy gold <GGG> after the market swoon. As strange as it sound the whole world copied blindly the FNM model and therefore the present mess. Few remember that even a not so qualified financial Senator cried "fire" in 2004/5 related to FNM, but no one listen to him. :( .... and yes he is slated for election as US president … and no one wants to give him credit for that …. so the lesson learned no matter how right you are, populist demagogy always succeeds in blinding the population at large …. How sad Being unaware of the actual size of the OTC market in the various financial instruments I only wonder why a Congress, under Democratic leadership fell asleep and why no one started to rein in Freddy and Fanny 2 -3 years ago. The derivative market grew out of proportion in the last 5 years on the false economic assumption that for everything there is a buyer at the right price, and no one cared. Well may be economist should learn real life economy and understand that after eating a pounder steak or two one can not eat anymore even if it is for free - or ZERO COST. I assume those chaps pretending to have the knowledge of the works of economics did not wonder why those “food bars” in hotels are always stocked with what is needed and there is no rush to consume everything as tasty as it may be.... or better let them have a mandatory trip to the safari and wonder why the Wildebeest or Zebras are grazing relative relaxed even that lions are not far away – and get alert only when certain members of the lions show signs of hunger