Posted on 09/06/2007 12:03:01 PM PDT by SierraWasp
Point granted! It’s just amusing and amazing who all it’s squeezing instead of just here in America where much of the cause eminated from in the first place. America sneezes and many around the world come down with pneumonia... STILL!!!
Central banks should not be tampering with either one.
and that was a tip-off for me: he was admitting that he was playing games that central banks should not do: determining what is a “correct” valuation for an asset class, rather than allowing the market to do it.
Exactly. The FOMC has been creating nothing but recessions and inflation since 1936. It is long past due for reform.
Rep. Paul is invaluable in his place, which is the House. He's the lone voice of Constitutionality, as much as that scares the bejeebers out of both the left and the right. I'd like to see him on the Supreme Court, myself. But, the presidency? No, not going to happen.
I’ve changed my thinking about this “credit crunch” in the last week or so.
Now I think that we’re not so much seeing a “credit crunch” as we’re seeing a “collateral crunch.” There’s far too much overhang in the debt markets, unsupported by any collateral, whether we’re talking about sub-prime ARM’s that are 100% (or more) LTV, or we’re talking about some hedge fund levered up 10:1 on a mark-to-model portfolio. The lenders are demanding that there be something “there” there for collateral, because they’re suddenly discovering that they’ve completely mis-priced the risk involved and have no recourse without collateral but to pull their horns in — hard.
This credit crisis is unprecedented in my opinion.
Capital by the billions can be moved around with the click of a mouse.
T-bill rates under 3% will tell you money is gravitating to safety, away from “emerging markets”.
Buy gold at usmint.gov imho.
Don't you remember? Al Gore and company built a bridge to the 21st century. (After he built the information super highway in his garage in Tennessee)
That bridge had a toll booth, and the revenue from that toll booth created the economic boom we experienced.
The toll booth was taken down by Bush, as no one wants to cross back into the 20th century and then come back, and that is causing the slow down in revenue to the treasury. The treasury has no money to lend, so credit is tight.
Then add the union workers still getting paid to man this booth, and you got some serious cabbage problems.
I always used Clintonian parsing to interpret WJC’s SOTU address in 2000. In closing, he said that we stood at the mountaintop of the American century, the vista of the future laid out before us.
In other words, he was predicting (or wishing?) that it was all downhill from there.
“”It happened during the Clinton era, yes, but I don’t recall many Republicans being dragged, kicking and screaming, into agreeing with it, outside of Ron Paul. Tough to make this a partisan issue. Clinton signed NAFTA into law, too, but who sent it to him for signing? A Republican majority.””
You are only partly right. A Republican Congress sent Clinton the bills which tore down the walls between banking and investment communities...but, NAFTA was passed by a Democrat Congress and signed before the Republicans took over Congress in 1995.
These would then be traded like cash, and the credit crunch would be gone. You would actually buy a house or a car with a stack of GWC’s. They would increase in value as the planet gets closer to bursting into flames.
When ever I hear Clinton talk, I interpret his words to mean the exact opposite of what he says.
I did not have that woman = I had that woman.
I will not raise taxes = I will raise taxes.
I did not inhale = I inhaled.
You cant go wrong.
Haaaaaaaaaaaaaa Ha Ha Haaaaaaaaaaaaaaaaaaa!!!
From The Book of Revelation: "That old serpent, the Devil, roameth about like a lion, seeking whom he may devour, knowing he hath but a short time."
Somebody ought to tell Chavez that the Brinks truck doesn’t follow the hearse
People and institutions are shying away from high risk investments, however the market in general isn't crashing.
Less willingness to invest in higher risk investments does mean less economic growth, but it does mean that our economy will be more stable.
The housing market is stabilizing in much if not most of the country. There are still places where the housing market is a mess, but for the most part property values are stabilizing and starting to rise again.
There is less liquidity in the market, especially for high risk ventures, but there still is liquidity. The market is stumbling a bit, but nothing like it stumbled in the dot com bust. That was a serious hit to the markets, this is just a larger ripple.
I can’t tmagine Chavez in a credit crunch. He’ll just order his commie central bank to print more cash, just like we do.
Oops!
That’s probably why the rats keep stopping it...they love those commie regimes...
I hate to be a pessimist also but I agree. The numbers are looking very ugly for a global recession at the end 2008. Also, we had best pray our leadership gets it’s head out of it’s behind because if we have a WMD attack in one of our major cities this could be an outright collapse of the financial system. Modern history shows major military conflicts following global economic woes. Not good. I will be ready. Better to have it and not need it then need it and not have it and no I am not buying gold!
How stupid do you have to be to screw up a country which has so much in assets?
The Democrats definitely keep them rolling in the oil money. Why we [USA] cannot increase domestic oil & gas exploration is a crime.
I'm in West Houston too. And that's not really my picture. ;-)
Where?
Oh don't they though...if not for the grace of Our Lord...the rats would've taken this country down long ago. They've done everything possible to destroy this country. HA...Our Lord is standing in their way.
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