Posted on 08/07/2011 9:31:43 AM PDT by Oldeconomybuyer
The futures haven’t been updated since 4:20 Friday afternoon, before the downgrade. After seeing the Isreali market drop 7% today, I don’t anticipate a good open for Wall Street. In addition, any rise in interest rates will have a huge negative impact.
The futures haven’t been updated since 4:20 Friday afternoon, before the downgrade. After seeing the Isreali market drop 7% today, I don’t anticipate a good open for Wall Street. In addition, any rise in interest rates will have a huge negative impact.
Barney Frank and Chris Dodd were the architects of legislation that encourage, in reality forced, under threat of prosecution for racism if sub prime loans were not approved.
Phil Graham sponsored a bill that allowed the banks to enter into the exotic loans that caused this whole damn mess.
Bill Clinton siged the legislation. It should have been Vetoed.
Barney Frank, Democrat
Chris Dodd, Democrat
Phil Graham, Republican (with two Republican co sponsors.
Bill Clinton, Democrat
Allen Greenspan Supposedly a Republican libertarian.
These five men are the nexus of the economic debacle.
I noticed that. Everything on Forex is showing a last-update time of 20:59:59 on Friday...
Never saw this before, there is usually some reporting over the weekend.
SE Asian markets open this afternoon, so we will know more then.
If it’s looking ugly, I might hit the supermarket and buy every single can of baked beans they got!!! Seriously!
I think their drop may have been mostly related to the demonstrations in the streets in Israel over the weekend and not primarily in reaction to the S&P action.
Call me cynical but I think word of the downgrade was leaked to insiders Thursday and thus the 512 point drop in the DOW. I would not be surprised if the market is up on Monday.
Prayer for Today: Psalm 109:8
FUBO GTFO 2012 !
They will be pumping alot of that unspent bailout money into the market on Monday. The plunge protection team continues admintistration after administration.
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