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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (249345)	5/21/2010 6:21:58 PM
From: patron_anejo_por_favor	Read Replies (4) \| Respond to of 306849

Kaltbaum sez he's extremely worried about a crash, that the "flash crash" proves that the derivative issues haven't been dealt with. "And I hope they don't come to grips with it when it's too late". FWIW, he's not usually an alarmist. I'm net flat as of the close today, with higher cash levels in addition to shorts. The thing he's most concerned about is an honest to God no bid disaster, whether due to out of control algos or something else. Makes sense because no one has explained how the "Flash Crash" happened, so it seems likely to be repeated or worse.

To: Skeeter Bug who wrote (249345)	6/21/2010 1:13:54 AM
From: Smiling Bob	Read Replies (1) \| Respond to of 306849

futureworldcurrency.com 2009? Medvedev Shows Off Sample Coin of New ‘World Currency’ at G-8 Share Business ExchangeTwitterFacebook\| Email \| Print \| A A A By Lyubov Pronina July 10 (Bloomberg) -- Russian President Dmitry Medvedev illustrated his call for a supranational currency to replace the dollar by pulling from his pocket a sample coin of a “united future world currency.” “Here it is,” Medvedev told reporters today in L’Aquila, Italy, after a summit of the Group of Eight nations. “You can see it and touch it.” The coin, which bears the words “unity in diversity,” was minted in Belgium and presented to the heads of G-8 delegations, Medvedev said. The question of a supranational currency “concerns everyone now, even the mints,” Medvedev said. The test coin “means they’re getting ready. I think it’s a good sign that we understand how interdependent we are.” Medvedev has repeatedly called for creating a mix of regional reserve currencies as part of the drive to address the global financial crisis, while questioning the U.S. dollar’s future as a global reserve currency. Russia’s proposals for the G-20 meeting in London in April included the creation of a supranational currency. To contact the reporter on this story: Lyubov Pronina in L’Aquila, Italy at lpronina@bloomberg.net Last Updated: July 10, 2009 10:23 EDT noir.bloomberg.com * Business Exchange * Twitter * Delicious * Digg * Facebook * LinkedIn * Newsvine * Propeller * Yahoo! Buzz Related Videos Watch Deutsche Bank's Slok on Dollar as Reserve Currency July 10 (Bloomberg) -- Torsten Slok, an economist at Deutsche Bank AG, talks with Bloomberg's Mark Crumpton and Carol Massar about the potential replacement of the U.S. dollar as the main international reserve currency. The global financial crisis and the surge in U.S. borrowing have prompted Russian President Dmitry Medvedev to advocate diversification away from the dollar.