SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Seeker of Truth who wrote (41262)10/13/2008 9:33:38 AM
From: Haim R. Branisteanu  Read Replies (2) | Respond to of 217688
 
6% is wise diversification just in case <GGG> but I am against promotion of hoarding gold above reasonable levels as some are promoting on SI



To: Seeker of Truth who wrote (41262)10/13/2008 1:49:14 PM
From: elmatador  Read Replies (1) | Respond to of 217688
 
Brazil to inject up to $45 billion in banks
Bloomberg NewsPublished: October 13, 2008

BRASILÍA: Brazil said Monday that it would ease bank reserve requirements to inject as much as to 100 billion reais, or $45.5 billion, of cash into the financial system and unfreeze lending.

Policy makers will free up the funds as needed, the central bank said in an e-mail today. The move will eliminate requirements on time deposits as well as so-called additional reserves for demand and time deposits that lenders must keep at the central bank, according to the statement.

The measure follows three reductions in reserve requirements to free up 60 billion reais in the past three weeks. While Brazilian banks don't hold subprime mortgage assets that triggered the U.S. financial crisis, panic in the markets increased risk aversion and reduced funds available for smaller lenders.

"The fact the central bank disclosed a new measure is a symptom that conditions remain adverse," Roberto Padovani, chief economist at Banco WestLB do Brasil in São Paulo, said.

Brazilian policy makers last week tapped international reserves to prop up the currency and said they're ready to buy loans from lenders that may need cash.

Today in Business with Reuters
Nations coordinate bid to revive economies IMF prepared to aid HungaryStocks rise sharply after vows of new bank capital



To: Seeker of Truth who wrote (41262)10/13/2008 8:00:48 PM
From: TobagoJack  Read Replies (1) | Respond to of 217688
 
hello seeker, we are fortunate, to be able to participate in, and test our learning, skills, agility, psychology, and wild guesses in this most intensely fascinating on-line unreal last man standing death match tournament at a crisis-is-opportunity stage of once in five generations.

how it will all turn out? no matter, as long as it is fun.

chugs, j

p.s. please do try to read "fiat money inflation in france" by andrew dickson white - it is a comedy-tragedy-history-drama-thriller-economic book