Investment

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

In response to ECB vs. American CBs -- Re: Fed is planning a Shock & Awe... posted by Jas_Jain:

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...

In response to ECB vs. American CBs -- Re: Fed is planning a Shock & Awe... posted by eccm:

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"

http://online.wsj.com/article/SB12017195...

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

In response to The WSJ - "Fed Moves to Curb Risk of Recession" posted by iivkovic:

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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...

In response to ECB vs. American CBs -- Re: Fed is planning a Shock & Awe... posted by Normxxx:

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?

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

February 7, 2008

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

» Fred2000 - Why Euro Is the strongest Currency

In response to Why Euro Is the strongest Currency posted by Jas_Jain:
Breeding dopes has become a necessity for America's ruling elite!
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Jas... Your point is well taken but it would seem that the word "dopes" is not well chosen. Unlike the president, who is a dope, most people are perhaps uninformed. It would make your contributions so much more interesting. But that's just me...

-- posted by Fred2000

» Jas_Jain - On America's Dopes -- Re: Why Euro Is the strongest Currency

In response to Why Euro Is the strongest Currency posted by Fred2000:

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Fred: Jas... Your point is well taken but it would seem that the word "dopes" is not well chosen. Unlike the president, who is a dope, most people are perhaps uninformed. It would make your contributions so much more interesting. But that's just me... "

Fred,

Are you suggesting that I should lie in order not to offend some people? Wouldn't you want to know if you live in a bad neighborhood or in a bad system? It wasn't just the Iraqis, or Germans during the Nazi Era, who were living under a bad system, or bad leaders (bad political system is one that produces bad leaders). It can happen to any country and it has finally happened to America.

I have concluded beyond any reasonable doubt that in the areas of economics and politics Americans are bred to be total dopes from birth, i.e., they believe and support what is observably false because of the brainwashing they receive (all civilizations engage in brainwashing from birth to sanctify the power structure in place!). This observation is extremely important guide in long-term investments! My bearishness on the future of the US economy and political system has everything to do with Americans. Crooks (banking and finance crooks, in particular, and corporate crooks of America, in general) are ruling over Americans because Americans are feeding the Crooks with both hands and, more importantly, they defend the Crooks. You want one simple and common example of American dopes feeding the Crooks with both hands? Those who have a mortgage on their home and own Scams (the stock market was long turned into a means to scam the public). Crooks know all about the general greed and dopes fall for the games that are organized by the Crooks for their advantage and for the disadvantage of the general population. Who does the Fed help, the Crooks or the general population?

Sorry, someone must have guts to tell the truth as he sees it. There is always the possibility that I am wrong, but anyone else who thinks that I am wrong because he is knows the truth is a dope.

There are consequences to breeding dopes and Americans and the world WILL face those consequences over the next two decades before the system of breeding dopes collapses.

BTW, I am not an entertainer. American dopes love entertainment all the time. They hate serious commentary that doesn't have fun or humor to keep their attention. They can't deal with criticism and that is one reason why they are such dopes. They can't handle criticism that makes them look bad. Every charlatan in America sings the praises of American People. One cannot become the President unless he, or she, is a charlatan. American political system is a system of charlatans. Some of these charlatans are evildoers.

Jas

-- posted by Jas_Jain

» Jas_Jain - More... On Americans System & America's Dopes

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After financially raping the population by Pushing Debt, Crooks could care less if the system collapses because they can take their capital to China or other places and leave America's dopes high and dry.

Jas

-- posted by Jas_Jain