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

To: TobagoJack who wrote (45602)	1/22/2009 2:03:04 AM
From: elmatador	Read Replies (1) \| Respond to of 217942

Volcker's words: "several trillions of dollars will be necessary to be committed in a combination of budgetary expenditures and various guarantee and insurance programs and extensions of credit by the Federal Reserve." Means everyone can step forward to put the hands inside the pot. But we know the banks themselves are being fattened but are not lending. "Make more loans?” Mr. HOPE said. “We’re not going to change our business model or our credit policies to accommodate the needs of the public sector as they see it to have us make more loans.” nytimes.com Message 25333420

To: TobagoJack who wrote (45602)	1/22/2009 11:06:29 AM
From: Joe S Pack	3 Recommendations Read Replies (1) \| Respond to of 217942

Here is the first joke of the tax cheat TS Geithner: Obama Deems China ‘Manipulating’ Yuan, Geithner Says (Update1) By Brendan Murray Jan. 22 (Bloomberg) -- Timothy Geithner, President Barack Obama’s nominee for Treasury secretary, said the new U.S. administration believes China is “manipulating” its currency. Geithner also said, in written responses to questions from Senate Finance Committee members, that there are “no current plans” to request more financial-bailout funds for the Troubled Asset Relief Program. He played down any need to nationalize banks, without specifically ruling out the option. The remarks on China may presage a tougher American line with the nation that is the biggest foreign investor in U.S. government debt. Former Treasury Secretary Henry Paulson preferred diplomacy over confrontation with China to resolve trade disputes and, in semiannual reports, refrained from labeling the country an illegal “manipulator” of its currency. “President Obama -- backed by the conclusions of a broad range of economists -- believes that China is manipulating its currency,” Geithner said in the remarks, which were posted on the Senate Finance Committee Web site today. “The new economic team will forge an integrated strategy on how best to achieve currency realignment in the current economic environment.”

To: TobagoJack who wrote (45602)	1/22/2009 11:34:21 AM
From: rotweil	1 Recommendation Read Replies (2) \| Respond to of 217942

Is this what you see in your travels? The Chinese Devil Wears Prada: Why 0% Growth is the New Size 6.8% PrintShare Delicious Digg Facebook reddit Technorati Nouriel Roubini \| Jan 22, 2009 The Chinese came out today with their 6.8% estimate of Q4 2008 growth. China publishes its quarterly GDP figure on a year over year basis, differently from the U.S. and most other countries that publish their GDP growth figure on a quarter on quarter annualized seasonally adjusted (SAAR) basis. When growth is slowing down sharply the Chinese way to measure GDP is highly misleading as quarter on quarter growth may be negative while the year over year figure is positive and high because of the momentum of the previous quarters’ positive growth. Indeed if one were to convert the 6.8% y-o-y figure in the more standard quarter over quarter annualized figure Chinese growth in Q4 would be close to zero if not negative. Other data confirm that China was in a borderline recession in Q4 and that it may be in an outright recession in Q1: production of electricity plunged 7.9% in y-o-y basis; the Chinese PMI has been below 50 and close to 40 for five months now. And with manufacturing being about 40% of GDP , manufacturing is certainly in a sharp recession (negative growth) and the overall economy may be close to a recession So the 6.8% growth was actually a 0% growth – or possibly negative growth – in Q4; and the Q1 figures look even worse. So China is in a recession regardless of what the highly massaged official numbers claim. rgemonitor.com

To: TobagoJack who wrote (45602)	1/23/2009 4:01:07 AM
From: elmatador	Read Replies (1) \| Respond to of 217942

The deep causes of the financial crisis lie in global imbalances—mainly, America’s huge current-account deficit and China’s huge surplus. economist.com That happened because capital, instead of being spread more veenly -across the planet- was piled up in China and oil exporting countries. China has -so far- worked badly in their USD diversion. Had it been more agressive, it would be preparing to live off the returns on that capital. And the transition from US lead to China lead world would be a reality. Very misguided the policy of financing the US. How many Chinese workers are working in the US. In Africa there are around 1/2 million workers. I bet the money put here in Africa is a tiny fraction of that piled up in US treasuries.