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August 10, 2007 at 2:43 PM #9797August 10, 2007 at 2:56 PM #72907GoUSCParticipant
My short ETF’s didn’t do nearly as well as I hoped today π
Don’t worry SD, next week is going to be quite interesting.
August 10, 2007 at 2:56 PM #73032GoUSCParticipantMy short ETF’s didn’t do nearly as well as I hoped today π
Don’t worry SD, next week is going to be quite interesting.
August 10, 2007 at 2:56 PM #73028GoUSCParticipantMy short ETF’s didn’t do nearly as well as I hoped today π
Don’t worry SD, next week is going to be quite interesting.
August 10, 2007 at 3:01 PM #72915SD RealtorParticipantI am not the big market player like alot of you guys are… I have a knack for being able to pick the wrong market move no matter what the climate is so I am pretty much a sideline player.
Freeking Fed doesn’t raise the rates… good! but then don’t come out a few days later and turn on the damn presses and tell your boys at the central bank to by MBS…
As tg would say “I thought I was watching Scooby Doo”
SD Realtor
August 10, 2007 at 3:01 PM #73041SD RealtorParticipantI am not the big market player like alot of you guys are… I have a knack for being able to pick the wrong market move no matter what the climate is so I am pretty much a sideline player.
Freeking Fed doesn’t raise the rates… good! but then don’t come out a few days later and turn on the damn presses and tell your boys at the central bank to by MBS…
As tg would say “I thought I was watching Scooby Doo”
SD Realtor
August 10, 2007 at 3:01 PM #73037SD RealtorParticipantI am not the big market player like alot of you guys are… I have a knack for being able to pick the wrong market move no matter what the climate is so I am pretty much a sideline player.
Freeking Fed doesn’t raise the rates… good! but then don’t come out a few days later and turn on the damn presses and tell your boys at the central bank to by MBS…
As tg would say “I thought I was watching Scooby Doo”
SD Realtor
August 10, 2007 at 3:22 PM #72942lnilesParticipantI don’t fully understand how what the Fed did will help in the long term. Over two days they shifted something like $70B into reserves and opened the “discount window” (I’m assuming this is what Cramer was famously ranting they should do). From what I understand, this “discount window” is to provide discounted loans to banks and investment funds who are so low on cash they cannot survive. How will taking out another loan save them? Don’t they still have to pay it back eventually? What are the terms of these discount loans they get? Isn’t loaning them money risky? Doesn’t it just perpetuate this false economic plateau? Isn’t this what we’d call “throwing good money after bad?”
I smell a rat. I feel like the Fed is giving our tax money to bank execs who will probably default and declare bankruptcy eventually, thus not having to pay the loans back. Is this possible?
August 10, 2007 at 3:22 PM #73068lnilesParticipantI don’t fully understand how what the Fed did will help in the long term. Over two days they shifted something like $70B into reserves and opened the “discount window” (I’m assuming this is what Cramer was famously ranting they should do). From what I understand, this “discount window” is to provide discounted loans to banks and investment funds who are so low on cash they cannot survive. How will taking out another loan save them? Don’t they still have to pay it back eventually? What are the terms of these discount loans they get? Isn’t loaning them money risky? Doesn’t it just perpetuate this false economic plateau? Isn’t this what we’d call “throwing good money after bad?”
I smell a rat. I feel like the Fed is giving our tax money to bank execs who will probably default and declare bankruptcy eventually, thus not having to pay the loans back. Is this possible?
August 10, 2007 at 3:22 PM #73063lnilesParticipantI don’t fully understand how what the Fed did will help in the long term. Over two days they shifted something like $70B into reserves and opened the “discount window” (I’m assuming this is what Cramer was famously ranting they should do). From what I understand, this “discount window” is to provide discounted loans to banks and investment funds who are so low on cash they cannot survive. How will taking out another loan save them? Don’t they still have to pay it back eventually? What are the terms of these discount loans they get? Isn’t loaning them money risky? Doesn’t it just perpetuate this false economic plateau? Isn’t this what we’d call “throwing good money after bad?”
I smell a rat. I feel like the Fed is giving our tax money to bank execs who will probably default and declare bankruptcy eventually, thus not having to pay the loans back. Is this possible?
August 10, 2007 at 3:22 PM #72945HereWeGoParticipantThe Fed is almost certain to cut rates in the near future, perhaps as soon as next week. 50 bps at a minimum, perhaps even 100 bps.
Central banks around the world have likely reconsidered any plans to tighten.
August 10, 2007 at 3:22 PM #73071HereWeGoParticipantThe Fed is almost certain to cut rates in the near future, perhaps as soon as next week. 50 bps at a minimum, perhaps even 100 bps.
Central banks around the world have likely reconsidered any plans to tighten.
August 10, 2007 at 3:22 PM #73067HereWeGoParticipantThe Fed is almost certain to cut rates in the near future, perhaps as soon as next week. 50 bps at a minimum, perhaps even 100 bps.
Central banks around the world have likely reconsidered any plans to tighten.
August 10, 2007 at 3:23 PM #72948Diego MamaniParticipantThe Fed is the Central Bank in the US. It goes by other names in other countries. And yes, they deserve a spanking for flooding the system with liquidity. The dollar will continue to lose so much value (against the Euro, gold, oil, land, etc.) that us Piggingtonians will wish we had bought real estate instead of being stuck with worthless greenbacks!
August 10, 2007 at 3:23 PM #73074Diego MamaniParticipantThe Fed is the Central Bank in the US. It goes by other names in other countries. And yes, they deserve a spanking for flooding the system with liquidity. The dollar will continue to lose so much value (against the Euro, gold, oil, land, etc.) that us Piggingtonians will wish we had bought real estate instead of being stuck with worthless greenbacks!
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