Posted on 10/06/2008 7:45:09 AM PDT by Thane_Banquo
Looking at hugh panic in global mkts right now. This is vey series.
Australian dollar off almost 8.6% on the day against the USD. One bank said they are seeing literally NO BIDS in the Australian dollar, which is huge considering that you can usually trade several million with the click of a mouse.
I hereby nominate you for the "Stupid Post of the Day" award.
If you had even a modicum of financial sense you would see that this problem is getting exponentially worse (like many of us have been writing about for weeks).
The Fed is about to step in and offer the discount window to U.S. states, municipalities, and companies - and you're advising people to buy stocks? Not very wise advice my FRiend.
Why would it help?
Sure wish you hadn’t included the word PANIC.
Wouldn’t be surprised if those in charge, have “The One” (puppet on a string) spun up to speed for getting ready to go on the attack against the only hope we have. That would be a woman who made money the old fashioned way, and is seeking the vice presidency.
I've been saying for years that the Euro and the EU itself were not going to last, simply because of Europe's intense history of nationalism and war. The U.S. is a real "economic union" because that union is bathed in the blood of our Civil War. Union between states doesn't come easy, and certainly not by signing some agreement in Brussels.
McCain was forced to agree thanks to Bush being suckered by Paulson.
The Obama media would have crucified McCain if he voted NO !
He would have been blamed for the mess today ???
I dont know what fair and balanced media you’ve seen .
I see a Obama media that will spin anything to make McCain look BAD !
>>We have it all undoo contwol.<<
LOL..
just like the captain of the Titanic..
and he’s standing right next to “Mr. We Don’t Know What To Do”
Well, it is accurate with what I’m seeing in the market.
Most here knew this would happen, which is why the bailout was flat out wrong. Watch. The Dems will ask for ANOTHER bailout. Screw them all.
Some of it is. A larger part of it is de-leveraging. Hedge funds are getting crush with redemption demands.
Right about now, the “funds of funds” are pulling their money out in a fat hurry.
What exactly does Obama have going for him to save the economy, to make people see he has a real plan?
Australian banks are having problems as well, and their economy is dependent on China and commodities doing well.
I expect a 1.0% rate cut. And I expect it to have no impact on the liquidity crisis. Japan’s rates are still at 0.5% and little good they have done for economic growth. We are going the same way.
The Government and Culture has made sure that every American feels a sense of entitlement, and that any and all risks should ultimately be borne by the Public as a whole.
Anything that is “unfair” must be remedied by a heavy handed authority and personal responsibility is now racism.
Some of us warned about the Patriot Act in the wrong hands. I think we are soon to find out just how prophetic that was.
Fed added $900 billion (with a B) in TAF auctions. Did jack nothing. Rate cut will only be a psychological band-aid. Nothing going on in the market is based on reason. This is pure emotion. Pure panic.
I hear there are many Americans living in CR. I can see the lure, warm turquoise water, sandy beaches, palm trees, nice weather, fresh seafood, etc.. I’ve dreamed about things like that myself.
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