Who Says There's No Credit!
This email from Citibank landed in our inbox this morning. With no prompting from us, they just increased our credit card limit by 50%. Go figure.
This email from Citibank landed in our inbox this morning. With no prompting from us, they just increased our credit card limit by 50%. Go figure.
aaaaarrrrhhhhh….stop it, Biff.
I have 500 shares of citi.
I am sitting on a mountain of cash, people.
Who wants white truffles???
I can propably get a pound and half.
“The fed will then start purchase assets creating a false bubble. Which asset he will do this to is beyond me. ”
The FED is not printing money!!!! I borrows it from short term debt! If the FED starts to print, there would be a BIG IMPLOSION in the Bond market!!
HOBO I very suspired at you for making such a statement and if you trade this is very important..
The What
Someday this war is gonna end…
Oops, and now it’s $5.05. Citi, please adjust my loan application amount down accordingly.
“Thanks, Biff, for reminding me, that 1/2 of my money is gone.”
Not to make it worse, but the shares are actually more like 10% of what they were at just over a year ago. The half is only since Monday.
What we have right now is a cut in the supply of money. Because credit has contracted as well as all asset prices money is now contractiNG. The fed is trying to fight this by printing the press. The fed has started to buy the long term bond because no smart person would and two because they want to lower rates on homes. This in effect will make it easier to buy homes. The fed will then start purchase assets creating a false bubble. Which asset he will do this to is beyond me. I write this because that is what he wrote he would do in his papers on the depression. Open the spigots and get out of the way because if you thought your house was going down our dollars will be too. This may create inflation which would help others but not people with dollars. I have already started buying actual gold…
What,
You’ve only got yourself to blame for the extension of credit to Mr. B. Your rants, and the responses (hits) they generate, have improved Mr. B’s financial position to the point where Citi is confident he can handle the increased credit.
We all thank for your contribution to turning the economy around.
forget all the celebrating…this really put a damper on my day.
‘$5.40 to buy one of your shares’
I haven’t looked at stock prices in a while.
Thanks, Biff, for reminding me, that 1/2 of my money is gone.
no! use it for an open bar brownstoner party!!! share!
*rob*
“Before you breakout the Champagne read this and understand.”
Hmm, isn’t it be more like “popping the champagne” or “uncorking the champagne” (unless you’re referring to what you do at the liquor store when the manager’s head is turned).