Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: N who wrote (25100)	8/24/1998 10:28:00 PM
From: flickerful	Read Replies (1) \| Respond to of 94695

nancy................... the voices of wisdom & experience on this thread are always appreciated. thank you for adding yours this evening. regards, randy

To: N who wrote (25100)	8/24/1998 10:52:00 PM
From: robert b furman	Read Replies (3) \| Respond to of 94695

How about a fed that refuses to drop prime to a global rate like "libor rate". Paranoid of politicians spending money they don't have? Sounds like our history - Slick Willy included even if he's in the dog house for getting a hummer. Japan's at 1.75 We're at 8.5 = prime Its a joke to create wealth for greenspam's most loyal peanut gallery - THE BANKERS ! FIGURE IT OUT - BANKS ARE MAKING REAL RATE SPREADS LIKE NEVER BEFORE. They just might not be getting it from deposits. If prime were to go down like the global market rates have on T- Bills who would lose. The friendly bankers ! They Are whoring a global deflation that just hasn't hit the biggest most efficient economy in the world. WHY - Because we are market driven and the markets have led the timidity (or hesitancy of the fed to reduce rates for over three years now). The FED doesn't set rates they follow global deflationary trends as slowly as possible so their constituency (good ole boy bankers ) maximize their profitability. I currently floor plan 5.5 million dollars worth of G.M. products. Bank One ,Compass ,Nations They all want my business and quote floor plan rates on the accepted global benchmark " LIBOR = London Interbank Overnight Rate". GMAC (still in the global dark ages wants to peg everything on prime). Nations gave Republic an unsecured loan of 1.5 billion at 6.5 % (Below LIBOR).Hoping to pickup some installment paper from them! Make no mistake our fed is securing the out of the market juicey rates for their best supporters - American Banks. Intersting how powerful strong american banks can be when the japanese crumble under Good Ole Boy Chibol Crap. If we keep overcharging the successful american consumer and build strong banks we will ultimately buy the short of cash third worl cheap labor companies - and thru joint ventures bring back American owned high margin great value products. This is a great american plan that has only been surpassed by the speed of the global loss of capital relative to the obstinate credo of the U.S.fed in their ongoing battle against "inflation". Please somebody tell me where inflation exists: Price of gas? Price of a Car? Yield on a tresurey bill? Global cost of money = LIBOR ? JMHO and BWDIK Bob