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


To: ggersh who wrote (95720)10/21/2012 9:32:10 PM
From: TobagoJack1 Recommendation  Read Replies (1) | Respond to of 218465
 
wagering against hong kong bloomberg.com is akin to playing russian roulette w/ 45 calibre automatic
:0)



To: ggersh who wrote (95720)10/22/2012 5:54:54 AM
From: elmatador2 Recommendations  Read Replies (1) | Respond to of 218465
 
He means that fleecing indebted countries are part of the cause of the crash of 1987.

You might wonder why anyone would spend time mucking around with the debts of Brazil, Mexico, Argentina and Chile. Actually, it was a great business. We were coining money.

This is the fleecing I keep mentioning here.



To: ggersh who wrote (95720)10/22/2012 6:00:18 AM
From: elmatador  Read Replies (1) | Respond to of 218465
 
About Bruce Krasting

I worked on Wall Street for twenty five years. This blog is my take on the financial issues of the day. I was an FX trader during the early days of the 'snake' and the EMS. Derivatives on currencies were new then. I was part of that. That was with Citi. Later I worked for Drexel and got to understand a bit about balance sheet structure and corporate bonds from Mike Milken. I was involved with a Macro hedge fund later. That worked out all right, but it is not an easy road. There was one tough week and I thought, "Maybe I should do something else for a year or two." That was fifteen years ago. I love the markets. How they weave together. For twenty five years I woke up thinking, "What am I going to do today to make some money in the market". I don't do that any longer. But I miss it.

Bruce Krasting
Westchester, NY
United States



To: ggersh who wrote (95720)10/22/2012 6:03:17 AM
From: elmatador  Read Replies (1) | Respond to of 218465
 
On Monday night, 10/19/87 the Fed (Greenspan) called the heads of the big banks and told them to open the spigots. The Repo markets were flush with cash on Tuesday morning.

Open the spigots?

Yes, Volumes of Money poured in... It's been always like this. Whatever the problem, throw Volumes of money at it...