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October 13, 2008
The last hurrah..
Fed Releases Flood of Dollars, Market Rates Fall
http://www.bloomberg.com/apps/news?pid=20601087&sid=a4gDtT5Ja69A&refer=home
Oct. 13 (Bloomberg) -- The Federal Reserve led an unprecedented push by central banks to flood the financial system with dollars, backing up government efforts to restore confidence and helping to drive down money-market rates.
and..
Brown Uses Control of British Banks to Boost Lending (Update2)
http://www.bloomberg.com/apps/news?pid=20601102&sid=a1s9Eh7IXstI&refer=uk
Oct. 13 (Bloomberg) -- Prime Minister Gordon Brown will use his government's control over two of the U.K.'s largest banks to cut the price of loans to small businesses and homeowners and curb the pay of directors.
One big mash up! Save the Mutant Asset Bubble..
Picture from Mish..
Comments
Man, where do you get these cartoons from? Off the chain.
Posted by: DOW8000SP800 at October 13, 2008 10:46 AM
...oh, Mish.
Posted by: DOW8000SP800 at October 13, 2008 10:47 AM
So does this mean that the dollar will fall against the Euro & Pound?
What, for the most part I usually agree with you. But today I'm feeling pretty good about things and I think we will start our recovery early next year.
Housing prices will continue to fall but banks will become more regulated and stable. And jobless rates will go down. And out new Fed under an Obama administration- Paul Krugman will be a breath of fresh air, a Fed without ties to wall street.
Posted by: 7andfive at October 13, 2008 11:32 AM
opps. I actually hope Paul Krugman will be Sec of Treasury not Fed.
Posted by: 7andfive at October 13, 2008 11:33 AM
DOW8000SP800 they are inflating at all cost. I think we are in the end game and very very soon the walls of Jericho all fall down..
The What
Someday this war is gonna end..
Posted by: what at October 13, 2008 11:34 AM
"very soon the walls of Jericho all fall down".
Hey What, well, I was worried that you were worried on Friday, and now this sounds very nearly apocalyptic.
What do you mean/see happening?
Posted by: cobblehiller at October 13, 2008 11:43 AM
Apparently Jericho has some structural problems in its walls. Termites perhaps?
Posted by: wasder at October 13, 2008 11:48 AM
I am sure in Jericho, Long Island they are quaking in their boots at this point.
Posted by: wasder at October 13, 2008 11:48 AM
I think Computer Associates was based in Jericho...and that certainly fell down!!!!
Posted by: daveinbedstuy at October 13, 2008 11:56 AM
"You're a riot" this morning wasder (in my best Jackie Gleason voice). ("To the moon Alice, to the moon!")
Posted by: cobblehiller at October 13, 2008 11:56 AM
"What, for the most part I usually agree with you. But today I'm feeling pretty good about things and I think we will start our recovery early next year."
Please don't step into a trap. So far the Central Banks have pumped Trillions into worlld wide markets. The problem is not liquidity it''s solvency and trust. There is a massive compression at the low end of the yield curve. Because people are trying to find a safe heaven for their money and will not lend it out to insolvent entities.
http://www.bloomberg.com/markets/rates/index.html
"Housing prices will continue to fall but banks will become more regulated and stable."
Free market is dean for now. Most of the world institutions have been naturalized. Their liabilities are assumed by governments and the inflating of currents have arrived.
" And jobless rates will go down."
In 2019....
The What
Someday this war is gonna end...
Posted by: what at October 13, 2008 12:12 PM
"There is a massive compression at the low end of the yield curve because people are trying to find a safe heaven for their money and will not lend it out to insolvent entities."
This sentence puts the lie to the notion of the What as some kind of uneducated anti-social idiot-savant. Next time he rambles incoherently in grammatically unsound sentences, remember that its all an act (the whole "Asshats" thing).
What's your game What?
Posted by: wasder at October 13, 2008 12:42 PM
"This sentence puts the lie to the notion of the What as some kind of uneducated anti-social idiot-savant. "
New meds, they give them to me with tongs and wearing a Hazmat suit. Wasder sometimes they taste nasty and the orderlies yoke me and force them down my throat. I hate that!
The What
Someday this war is gonna end...
Posted by: what at October 13, 2008 1:14 PM
LOL
that's the funniest thing you've ever posted What
Posted by: daveinbedstuy at October 13, 2008 1:25 PM
Wait a minute! The Market is up by 700 points, the Central Banks are going to pump more money into the market and nothing bad happen today. Not one Asshat came here to rub it in my face?! I think that it's finally coming across. I think some, nat all Asshats are starting to get it. Good for you..
The What
Someday this war is gonna end....
Posted by: what at October 13, 2008 3:48 PM
What, make that 947, 11+%. Has to be the biggest 1-day advance ever. Doesn't mean it's back to happy days but I made some nice money in DDM today. Agree also NYC RE is still headed down. All those Asshats I mean investment bankers packaging up crap into derivatives are still gonna be outta luck.
Posted by: denton at October 13, 2008 4:07 PM
Denton, don't feed the local troll.
Posted by: FenFen at October 13, 2008 5:09 PM
MADE A KILLING TODAY ,LIKE MY SON SAYS YESOREEEE. My calls that I purchased on friday were looking great so I took profits. And I even took a nibble on BAC. Loving this market baby....
Posted by: HOBOKENROCKS at October 13, 2008 5:58 PM
"What, make that 947, 11+%. Has to be the biggest 1-day advance ever."
Yep this is the last days. This is the last rally you will see in a long time. I hope peopel took the time to read the 2 posts about what happen today.
Today was the greatest sucker rally in history and when, not if this goes, it will be the biggest crash in Stock Market history. Bet on it..
The What
Someday this war is gonna end..
Posted by: what at October 13, 2008 6:55 PM
Come on Whaaaaat...
Do you have to sugar coat everything?
What do you REALLY think is going to happen tomorrow?
Posted by: wafter at October 13, 2008 7:44 PM
Let's be honest. The What sounds more like Nouriel Roubini than anything else.
Posted by: folledontjesuis at October 15, 2008 9:03 AM
Let's be honest. The What sounds more like Nouriel Roubini than anything else.
Posted by: folledontjesuis at October 15, 2008 9:03 AM
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