Forum Replies Created
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TheBreeze
ParticipantGreat idea, FLU. I actually only want to vote out the incumbents who voted (is that the right term?) for the bailout. The incumbents who voted against the bailout bill should be rewarded in my opinion.
By the way, I think blogs that track government shenanigans are going to be the next big thing. You may have just found your next business idea.
ParticipantGreat idea, FLU. I actually only want to vote out the incumbents who voted (is that the right term?) for the bailout. The incumbents who voted against the bailout bill should be rewarded in my opinion.
By the way, I think blogs that track government shenanigans are going to be the next big thing. You may have just found your next business idea.
ParticipantGreat idea, FLU. I actually only want to vote out the incumbents who voted (is that the right term?) for the bailout. The incumbents who voted against the bailout bill should be rewarded in my opinion.
By the way, I think blogs that track government shenanigans are going to be the next big thing. You may have just found your next business idea.
ParticipantGreat idea, FLU. I actually only want to vote out the incumbents who voted (is that the right term?) for the bailout. The incumbents who voted against the bailout bill should be rewarded in my opinion.
By the way, I think blogs that track government shenanigans are going to be the next big thing. You may have just found your next business idea.
ParticipantWell, I’ll admit that I’m baffled. Gold continues to go down while the dollar continues to strengthen. It seems like every day the dollar makes a monster move up. This seems to be contrary to what should be happening.
In some ways, I can see how the dollar keeps going up. It appears to be the best house in a really schittty neighborhood. I think Europe is in worse shape than the U.S. and does anyone really trust China or Russia? Russia shut down their markets recently which is no way to build confidence.
I’ve heard talk on this board about how China could create a new world-crushing currency if they just backed it with gold. However, would people really trust China to administer a global currency even if it was supposedly backed by gold? About the only thing I trust to buy from China anymore is garbage bags. I make sure that anything I eat or eat out of or pretty much anything I would normally touch without washing my hands afterwards doesn’t come from China.
ParticipantWell, I’ll admit that I’m baffled. Gold continues to go down while the dollar continues to strengthen. It seems like every day the dollar makes a monster move up. This seems to be contrary to what should be happening.
In some ways, I can see how the dollar keeps going up. It appears to be the best house in a really schittty neighborhood. I think Europe is in worse shape than the U.S. and does anyone really trust China or Russia? Russia shut down their markets recently which is no way to build confidence.
I’ve heard talk on this board about how China could create a new world-crushing currency if they just backed it with gold. However, would people really trust China to administer a global currency even if it was supposedly backed by gold? About the only thing I trust to buy from China anymore is garbage bags. I make sure that anything I eat or eat out of or pretty much anything I would normally touch without washing my hands afterwards doesn’t come from China.
ParticipantWell, I’ll admit that I’m baffled. Gold continues to go down while the dollar continues to strengthen. It seems like every day the dollar makes a monster move up. This seems to be contrary to what should be happening.
In some ways, I can see how the dollar keeps going up. It appears to be the best house in a really schittty neighborhood. I think Europe is in worse shape than the U.S. and does anyone really trust China or Russia? Russia shut down their markets recently which is no way to build confidence.
I’ve heard talk on this board about how China could create a new world-crushing currency if they just backed it with gold. However, would people really trust China to administer a global currency even if it was supposedly backed by gold? About the only thing I trust to buy from China anymore is garbage bags. I make sure that anything I eat or eat out of or pretty much anything I would normally touch without washing my hands afterwards doesn’t come from China.
ParticipantWell, I’ll admit that I’m baffled. Gold continues to go down while the dollar continues to strengthen. It seems like every day the dollar makes a monster move up. This seems to be contrary to what should be happening.
In some ways, I can see how the dollar keeps going up. It appears to be the best house in a really schittty neighborhood. I think Europe is in worse shape than the U.S. and does anyone really trust China or Russia? Russia shut down their markets recently which is no way to build confidence.
I’ve heard talk on this board about how China could create a new world-crushing currency if they just backed it with gold. However, would people really trust China to administer a global currency even if it was supposedly backed by gold? About the only thing I trust to buy from China anymore is garbage bags. I make sure that anything I eat or eat out of or pretty much anything I would normally touch without washing my hands afterwards doesn’t come from China.
ParticipantWell, I’ll admit that I’m baffled. Gold continues to go down while the dollar continues to strengthen. It seems like every day the dollar makes a monster move up. This seems to be contrary to what should be happening.
In some ways, I can see how the dollar keeps going up. It appears to be the best house in a really schittty neighborhood. I think Europe is in worse shape than the U.S. and does anyone really trust China or Russia? Russia shut down their markets recently which is no way to build confidence.
I’ve heard talk on this board about how China could create a new world-crushing currency if they just backed it with gold. However, would people really trust China to administer a global currency even if it was supposedly backed by gold? About the only thing I trust to buy from China anymore is garbage bags. I make sure that anything I eat or eat out of or pretty much anything I would normally touch without washing my hands afterwards doesn’t come from China.
Participant[quote=DWCAP]I think this is the only bailout of this type we will see. We may get some more banks or big buisness bailouts, 50 billion here or there, but I dont think we will see anymore blank check bailouts.
Why you ask? Because, this one is a revolving bailout. If I read it right, they can never excede 700B at any one time. So they overpay for some POS MBS and then accept too little back. We all agree that is the only way this thing works. So they sell the MBS and are now under the 700B limit, so they sell more debt and keep the crap processor working. [/quote]
Yeah, I had forgotten that this is a $700 billion revolving line of credit.
How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
Participant[quote=DWCAP]I think this is the only bailout of this type we will see. We may get some more banks or big buisness bailouts, 50 billion here or there, but I dont think we will see anymore blank check bailouts.
Why you ask? Because, this one is a revolving bailout. If I read it right, they can never excede 700B at any one time. So they overpay for some POS MBS and then accept too little back. We all agree that is the only way this thing works. So they sell the MBS and are now under the 700B limit, so they sell more debt and keep the crap processor working. [/quote]
Yeah, I had forgotten that this is a $700 billion revolving line of credit.
How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
Participant[quote=DWCAP]I think this is the only bailout of this type we will see. We may get some more banks or big buisness bailouts, 50 billion here or there, but I dont think we will see anymore blank check bailouts.
Why you ask? Because, this one is a revolving bailout. If I read it right, they can never excede 700B at any one time. So they overpay for some POS MBS and then accept too little back. We all agree that is the only way this thing works. So they sell the MBS and are now under the 700B limit, so they sell more debt and keep the crap processor working. [/quote]
Yeah, I had forgotten that this is a $700 billion revolving line of credit.
How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
Participant[quote=DWCAP]I think this is the only bailout of this type we will see. We may get some more banks or big buisness bailouts, 50 billion here or there, but I dont think we will see anymore blank check bailouts.
Why you ask? Because, this one is a revolving bailout. If I read it right, they can never excede 700B at any one time. So they overpay for some POS MBS and then accept too little back. We all agree that is the only way this thing works. So they sell the MBS and are now under the 700B limit, so they sell more debt and keep the crap processor working. [/quote]
Yeah, I had forgotten that this is a $700 billion revolving line of credit.
How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
Participant[quote=DWCAP]I think this is the only bailout of this type we will see. We may get some more banks or big buisness bailouts, 50 billion here or there, but I dont think we will see anymore blank check bailouts.
Why you ask? Because, this one is a revolving bailout. If I read it right, they can never excede 700B at any one time. So they overpay for some POS MBS and then accept too little back. We all agree that is the only way this thing works. So they sell the MBS and are now under the 700B limit, so they sell more debt and keep the crap processor working. [/quote]
Yeah, I had forgotten that this is a $700 billion revolving line of credit.
How does that work in this bill anyway? If they start off with a $700 billion line of credit, buy some toxic sludge for $350 billion and then turn around and sell that same sludge for $100 billion, does this mean the line of credit is back to $700 billion or is it down to $450 billion?
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