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

To: yard_man who wrote (61243)	2/16/2010 11:09:44 PM
From: TobagoJack	Read Replies (3) \| Respond to of 218662

just in in-tray, and do not let on in missouri, for the good folks there might (i) not understand, (ii) misinterpret, (iii) get senselessly angry, or (iv) really peeved player 1: Zero hedge on drop in Chinese Treas holdings: zerohedge.com (snip) UK holdings increased from $230.7 billion to $302.5 billion in December: a stunning $70 billion increase in a two month span. Yet, with the identity of the UK-based buyers a secret, it really could be anyone... Anyone with very deep pockets. player 2: On that note you should read Paulson's memoir "On The Brink". Among other things he basically says he bailed out FNM and FRE to bail out China which holds billions of their MBS. Remarkable.Can't see this playing well in Washington if anyone ever gets around to reading it there. American taxpayers picking up the tab for the Chinese. Wow. player 1: That IMHO is one of the reasons the too big to fail financial institutions were handled so differently from the too big to fail auto makers, re their bond and stock holders. A dramatic difference. My guess is: there was a good bit of foreign oil money (Saudi) invested in the banking system... and perhaps Chinese money also (?)(SAFE?). I remember news stories about recycling Saudi petro dollars, and about Saudi investments in Citi... I do not have hard numbers on this stuff. No doubt the Saudis were induced to make their purchases... we have a history of protecting their back as long as they provide petrol... would not have good consequences for future relations to have their assets trashed here. Re FNM and FRE, no doubt Paulson is correct... the Chinese funded homes for the American home buyer... bad form to let their investment be trashed in a "quasi" government agency... they might take it the wrong way... wouldn't you? I understand that the Chinese sold out of FNM and FRE for short term Treasuries.... now that appears to be ending... hence the pop in gold/silver this AM... Obama campaigned quite effectively on vague promises and "Hope" and "Change". The governing thing does not seem to be working out very well. You have to have a certain strength of character to be an FDR... and Obama at present just does not seem to have it. Re FDR, the gold confiscation was a baaaaddddd thing, and I certainly would not like to see that again... but he was an effective strategist and leader (and selector and manager of subordinates), especially in war. The change in economic position of the US from the beginning of his term to the end proves it. player 3: I had a meeting with one of the very largest hedge fund players in the world two weeks back. He was involved in many of the meetings during the meltdown. While he didn't identify the Country, he said that the Fed and the Treasury were instructed (INSTRUCTED!) by the Fed not to let these things fail. The US is obviously no longer in charge of its own destiny. Those in the know are aware of this. The US populace is not. I'm surprised that Paulson admitted as much..... I had a meeting with one of the very largest hedge fund players in the world two weeks back. He was involved in many of the meetings during the meltdown. While he didn't identify the Country, he said that the Fed and the Treasury were instructed (INSTRUCTED!) by the Fed not to let these things fail. The US is obviously no longer in charge of its own destiny. Those in the know are aware of this. The US populace is not. I'm surprised that Paulson admitted as much..... player tj: in hindsight we should have expected the strong surge of uk purchases of usa t-bills once an evil cabal always an evil cabal embrace of the damned gurgling, vortexing, and trying an old game of shells one more time player 4: (BN) Soros Doubles Gold-Fund Stake During Fourth Quarter, SEC Says Soros told the Davos circus that GOLD was bubble, but he never said that he held 6.178mn shares of GLD !!!!!!!!!!!!!!!!!!! Soros Doubles Gold-Fund Stake During Fourth Quarter, SEC Says 2010-02-16 23:39:58.990 GMT By Steve Stroth Feb. 16 (Bloomberg) -- Soros Fund Management LLC more than doubled its holding of the SPDR Gold Trust during the fourth quarter, data from the U.S. Securities and Exchange Commission showed. The holding in SPDR Gold Trust, the biggest exchange-traded fund backed by the metal, increased to 6.178 million shares as of Dec. 31 from 2.45 million at the end of September, the data show. The investment was valued at $663 million. Link to Company News:{8754Z US <Equity> CN <GO>} Link to Company News:{GLD US <Equity> CN <GO>} For Related News and Information: Top Commodity Stories: {CTOP <GO>} To contact the editor responsible for this story: Steve Stroth at +1-312-443-5931 or sstroth@bloomberg.net player 3: Soros lost it a long time ago.....and he never deliberately tips his hand. I don't listen to him for the most part. As for insider buying and selling, it looks like exiting energy and Consumer Non-Durables and hiding in utilities is the best move according to the data..... player 4: not that I listen to him.....but the point of highlighting his holdings was his recent 'attempted' be-rating of GOLD at Davos