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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (16729)1/26/2009 8:41:57 PM
From: Box-By-The-Riviera™  Respond to of 71456
 
rofl!!!!!!!!!!!! like we haven't been running like rats preparing for same?

ROFL.

my next paper shipment is due at my branch tomorrow. will be there bright, and early, with a caffeine smile on my face.

get to the window now!!!!!!!!!!!!!!!!!!!!

and thanks. thanks to her making it so public.. i'll be ramping my program 5x.

including hitting the atm's for max every day going forward.



To: Real Man who wrote (16729)1/26/2009 8:53:04 PM
From: Giordano Bruno  Read Replies (1) | Respond to of 71456
 
BOJ Minutes Say Economic Conditions "An Emergency"
1/26/2009 8:43 PM ET

(RTTNews) - In trimming its overnight call rate by 20 basis points to 0.10 percent, some board members of the Bank of Japan called current economic conditions "an emergency," minutes from the December 18 and 19 monetary policy meeting revealed on Tuesday.

The minutes also showed that all of the board members expect financial conditions to worsen further, and some expect the Japanese economy to contract in fiscal years 2008 and 2009. Financial conditions are "deteriorating sharply," the minutes continued, adding that "drastic measures" were needed.

"With regard to domestic private demand, business fixed investment had declined, mainly due to the decrease in corporate profits and the deterioration in business sentiment," the minutes said. "It was likely to decline significantly for the time being, mainly due to the further slowdown in overseas economies, the decrease in corporate profits, and the deterioration in firms' funding conditions."

The rate cut was approved by a vote of 7 to 1, with only board member Tadao Noda voting against the action - who said he wished to avoid a course of action that he felt could lead to further weakening of market conditions.



To: Real Man who wrote (16729)1/26/2009 9:51:20 PM
From: James Hutton2 Recommendations  Read Replies (1) | Respond to of 71456
 
This is great. . . .

"The concept of nationalization is quite foreign to Americans. Yet during the Asian financial crisis of the late 1990s the very economists who are discussing possible nationalization, among them Treasury nominee Tim Geithner and Obama adviser Lawrence Summers, told overseas governments they had to be willing to let major banks fail.

"We told the Asians that they had to be willing to let banks and companies fail," Jeffrey Garten, a professor at the Yale School of Management, and former Clinton administration official, told The New York Times.

"We warned that there was a great moral hazard if governments just bailed them out. And now, we are doing the polar opposite of our advice.""