Investment

» Inya Ivkovic - The WSJ - "Fed Expected to Announce Another Interest-Rate Cut"

» Jas_Jain - Re: The WSJ - "Fed Expected to Announce...

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I want Benny to show courage and do 75. 50 means that he is a wimp. 25 and he gets blamed for Scam Market decline. He is in a hot seat and his ass is on fire; hence, Burn-ass-ke.

Jas

-- posted by Jas_Jain

» Jas_Jain - ECB vs. American CBs -- Re: Fed is planning a Shock & Awe...

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Hugh: "It appears to me that the ECB and the Fed are on the verge of open warfare now. A couple of things appear to be different. To begin with, the Europeans, particularly the Germans, are starting to grasp that they have to be pro-active in defending their currency and their economy from cannibalistic American interests. Witness their exposure to the sub-prime mess. Also the fact that they have probably let most of their gold reserves be looted via custodial mismanagement / outright theft. What is new is that the rift seems to be going public now."

Hugh, Germans fought two wars try to dislodge the despotic rule of the Brits and later the Americans (Nazis were a reaction to the greedy Anglo-American evildoers in banking and finance in London and NYC). Germans will play a critical role in finally dislodging the despotic Anglo-American Empire, rotten to the core (re-election of a rogue President is a good piece of evidence in that regard). The Germans will protect most of Europe from the ruin at the hands of idiotic Anglos who believe in Pushing Debt as the nirvana.

The real beneficiaries would, of course, be East Asians now led by China. There are consequences to breeding dopes and letting the known Crooks take control of the economy and the political system.

Jas

-- posted by Jas_Jain

» eccm - ECB vs. American CBs -- Re: Fed is planning a Shock & Awe...

So if rate cuts are so great and just what we need to "avoid a recession" why did the market A)Leap like an idiot within seconds of the rate cut when it should have taken it in stride, and B) Fall off a sheer cliff and close NEGATIVE for the day?

-- posted by eccm

» Normxxx - ECB vs. American CBs -- Re: Fed is planning a Shock & Awe...

Disregard the close; that is actually bullish for one or two days. On a FOMC day, check out the initial (usually blip) reaction and the close: if the first is up and the second down, that's extremely bullish for the next day; if the first is down and the second up, that's extremely bearish for the next day.

-- posted by Normxxx

» Inya Ivkovic - The WSJ - "Fed Moves to Curb Risk of Recession"

» Jas_Jain - Re: The WSJ - "Fed Moves to Curb Risk of Recession"

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Curbing the risk after the recession has already begun?

It was my view before Fed panicked that Fed Panic would be the best indicator that things are really bad. Looks like we get confirmation after every Fed action. When Fed goes to ZERO we are in depression. The so-called "problem of zero" will play out. We are in for history making events in the US economy.

Jas

-- posted by Jas_Jain

» permabear - ECB vs. American CBs -- Re: Fed is planning a Shock & Awe...

Stock market action the past two days has been led in large part by news and rumors regarding the bond insurers, MBIA and Ambak. After the Fed rate cut the stock market boomed. But late in the day there was a rumor that the bond insurers would be downgraded. It sent the market tumbling. Today the market was down initially and rose on news of capital raised by MBIA and a conference call in which the CEO reassured investors everything was fine. (Haven't we heard this tune before).

The bond insurers appear to be very important to the credit crisis at least in the short term. If in fact they are downgraded, the banks and municipalities are all in big trouble because their bonds will be downgraded as well. Ed Yardini on CNBC has been a big bull on the market, and he felt that the powers that be have no choice but to solve the bond insurer problem, because it is too big a problem to let go. My view is they probably will solve the problem in the short-term and the market may bump in the short-term. But the news keeps getting worse in the long-term. It is only those with rose-colored glasses who don't want to see it.

-- posted by permabear

» Normxxx - Wasn't it ever thus?

You knew all of those WS banks were/are "Too Big Too Fail!?!" So-o-o, on to Plan B!

Plan B? What you see happening now: unlimited lending and acceptance of zero value collateral at the Fed's "discount window" until the banks can straighten out their balances by selling long, borrowing short, and profiting off the difference (i.e., you and me).

But, I am 90% sure we get our 1 - 2 month rally here- that is, if no one drops another shoe.

See A Stock Market Bottom?

-- posted by Normxxx

» Jas_Jain - Why Euro Is the strongest Currency

Why Euro Is the strongest Currency

Because the ECB is headed by men with balls and the US Federal Reserve is staffed by agents of the banking and finance crooks that have no balls because they are castrated before they can be appointed. The US fed panicked because it is more or less powerless due to its neglect of the currency and ignoring inflation, a cardinal sin for any central bank.

What is the future of a currency backed by politically impotent population that is bred to be dopes and is led by certifiable crooks? And what is the future of such an economy?

Born-and-bred American dopes never tire of putting down Europeans and labeling Europe as socialist while America has the worst form of socialism as evidenced by bailouts and incessant intervention in the economy by the Fed and the USG.

Breeding dopes has become a necessity for America's ruling elite! These dopes really believe that they will choose the next President. The process of electing a President is nothing more than entertainment, i.e., a game, and the Election Day is political Super Bowl. It is all bread and circuses to keep people in line while crooks to their thing.

Pardon my expression, Germans are kicking Anglo-Saxon ass. Discipline matters.

Jas

PS: Swiss franc is as good or better than the Euro, but it is not an international reserve currency.

-- posted by Jas_Jain