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Is Something Serious Up at Treasury?
Economic Policy Journal ^ | 1/29/2011 | Robert Wenzel

Posted on 01/30/2011 7:21:25 AM PST by FromLori

On Sunday, Treasury Secretary Geithner will have dinner at Treasury with former secretaries of the Treasury.

What's up with this? There was no indication on the weekly Treasury schedule, put out just a day ago, that this dinner was planned. Very unusual.

On top of that, the Treasury put this notice out at 9:00PM on a Saturday night. Sure looks like a rushed meeting to me.


TOPICS: Government; News/Current Events
KEYWORDS: economy; treasury
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To: FromLori

He just needs help figuring out Turbo Tax 2010.


81 posted on 01/30/2011 10:42:15 AM PST by bmwcyle (It is Satan's fault)
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To: Dunstan McShane
would it be possible for us to agree upon ...

No

I know that's probably intellectually lazy...

Yes

stomach is currently in revolt against its contents...

Gross

Could we also hope for a moratorium...

No

Next!

82 posted on 01/30/2011 10:46:12 AM PST by lonevoice (Where the Welfare State is on the march, the Police State is not far behind)
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To: FromLori
Treasury Secretary Geithner will have dinner at Treasury with former secretaries of the Treasury, What's up with this?

Watch for the color of the Business Case when he walks out the door.


83 posted on 01/30/2011 10:48:05 AM PST by Koracan
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To: Vermont Lt; The Comedian
"Down 220....gold up $30.

Nah.

Open down 38 with a quick rebound into positive territory and a close near +80.

Gold will be down 22 $ at 5:00PM.

Most of the Asian markets will be down tonight but will follow the US lead and rebound the next day.

The collapse that many are expecting will happen out of the 'clear blue' later. (when the big boys get the small guys back into the market)

My two cents.

84 posted on 01/30/2011 11:07:24 AM PST by blam
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To: SubMareener

yeah you are...look at the date...1/28


85 posted on 01/30/2011 11:19:25 AM PST by Former MSM Viewer
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To: Sioux-san

That would be the answer to many prayers.


86 posted on 01/30/2011 12:03:42 PM PST by mcshot (So this is how it feels to be flushed. The "that's impossible" days are upon us.)
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To: blam

And that, my friend, is why markets work. You think its going to do one thing, and I think it will do another. No government intervention needed. You pays your money, you takes your risks.

I DO think that you are right with the BIG takedown, but sometimes other events ruin even the best planning. They might just lay it down all at once. But then again, I still think that AQ has to be looking at this and thinking it would be a nice time to slap us again. (Or have I been reading too much Tom Clancy....?)


87 posted on 01/30/2011 12:37:09 PM PST by Vermont Lt (Don't taze my junk bro.)
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To: SubMareener
I believe down 169 would be what happened in the ‘after hours’ trading Friday. I know the futures weren't low like that in pre-market trading (which are also futures), so it pretty much has to be what the futures fell AFTER the market fell 166 for the day.
88 posted on 01/30/2011 12:59:06 PM PST by Kay Ludlow (Government actions ALWAYS have unintended consequences...)
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To: FromLori
The New York Branch of the Fed is leveraged more than 80 to 1.

I guess it's a good thing that their liabilities carry 0% or 0.25% interest rates.

89 posted on 01/30/2011 1:05:36 PM PST by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Ev Reeman
He and the fed are doing nothing to stop the national debt crisis, the exploding federal deficit and budget, rampant inflation and the devaluation of the American dollar.

An accident? (;>)

90 posted on 01/30/2011 1:16:12 PM PST by Stentor ( "All cults of personality begin as high drama and end as low comedy.")
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To: Koracan
Watch for the color of the Business Case when he walks out the door.

What? Can you explain?

91 posted on 01/30/2011 1:21:51 PM PST by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php - World Disaster Map)
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To: The Comedian
That is, until the POMO/Plunge Protection Team comes in to dampen silver and boost the Dow.

No sleep tonight for Blythe. She's got her team "sacking up".

92 posted on 01/30/2011 1:41:46 PM PST by Stentor ( "All cults of personality begin as high drama and end as low comedy.")
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To: GOPJ
Somewhat humoristic : It goes back to Greenspan, Day Traders placed their bets according to, see below


..If the briefcase is bulging, so the
theory goes, it is full of evidence gathered by
Greenspan to persuade other members of the
FOMC to vote for a higher interest rate target. If
the briefcase is thin, then markets can relax because
no change is likely...

93 posted on 01/30/2011 1:43:43 PM PST by Koracan
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To: Vermont Lt
The Euro And Aussie Are Diving, As Weekend Of Chaos Portends More Pain Ahead
94 posted on 01/30/2011 4:22:46 PM PST by blam
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To: Koracan
..If the briefcase is bulging, so the theory goes, it is full of evidence gathered by Greenspan to persuade other members of the FOMC to vote for a higher interest rate target. If the briefcase is thin, then markets can relax because no change is likely...

LOL - thanks for sharing...

95 posted on 01/30/2011 7:17:35 PM PST by GOPJ (http://hisz.rsoe.hu/alertmap/index2.php - World Disaster Map)
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To: Aevery_Freeman

yeah but what do you DO with the pennies?....no one will take them to melt, at least that I know of...


96 posted on 01/30/2011 9:46:08 PM PST by cherry
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To: blam

Bpy, Am i off the mark this morning. This is why you dont take investing advice from idiots on online forums (pointing the finger at me!)

I sit and scratch my head. Money flowing into the dollar? Boy, if that doesn’t point to the state of the world, nothing does.


97 posted on 01/31/2011 5:32:32 AM PST by Vermont Lt (Don't taze my junk bro.)
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To: cherry
"yeah but what do you DO with the pennies?....no one will take them to melt, at least that I know of..."

It is illegal to melt down US coins/money.

Loop Coins is presently selling 100 Wheat Pennies for $4.25 per bag.

I called and asked if they were buying pre-1982 copper pennies by weight for the copper content. They said that they'd just had a meeting on that subject but have not reached a decision yet.

Two weeks ago I sold 129 pounds of scrap copper pipe for $451.50.

Saving nickels is your best choice at present. Your every day nickel is worth about seven cents presently...that's because it is 75% copper and 25% nickel. I have thousands of them.

98 posted on 01/31/2011 7:56:11 AM PST by blam
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To: Vermont Lt
Ha.

I'm a retired chip-maker.

I don't even take my own advice on stocks.

IMO, things are so manipulated at present that your 'guess' could be correct tomorrow...plunge protection teams and all.

Money is probably streaming out of the Middle East into dollars.

99 posted on 01/31/2011 8:00:36 AM PST by blam
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To: GOPJ

No clue. At all.

As a peripheral observation, it appears to me that the Obama administration has reached the limits of what fame, good looks and an Ivy League degree can accomplish, on more than one front.


100 posted on 01/31/2011 9:49:29 PM PST by NVDave
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