FeedFool Posted July 10, 2003 Report Share Posted July 10, 2003 Gap fill???? Scam week?? Link to comment Share on other sites More sharing options...
mjkst27 Posted July 10, 2003 Report Share Posted July 10, 2003 Unemployment claims at 439,000 ... if you're GWB, you've got to be slamming your fist against the meal tray on Air Force I. If there's not enough liquidity, then they'll provide EVEN MORE. No ill wishes to Kali -- I hope it squeaks through without a default. But if it DOES go down, I would BUY THAT WITH BOTH HANDS on the big, black scary headlines. Probably the greatest contrarian buy signal of all time, that would be. Machine - just so I am positive I understand your logic...in the event Cali defaults, you would expect the Lounge Lizard to supply effusive liquidity to the markets to smooth over potential dislocations? If so, how would this help Cali's creditors whose paper is at that point worthless? Link to comment Share on other sites More sharing options...
machinehead Posted July 10, 2003 Report Share Posted July 10, 2003 mjkst27 Yes. He can't directly bail out Kali's creditors. But he can make sure they have plenty of temporary credit until the cash flow comes back. (Even the rating agency which uttered the D-word said 100% recovery would be expected ... eventually.) Previous precedents are NYC (1975) and Orange County (1994). Governments look after their own. Link to comment Share on other sites More sharing options...
soup Posted July 10, 2003 Report Share Posted July 10, 2003 Machine: My point exactly! ALl the pumping just makes the economy worse. If they allowed liquidation, we could proceed with a recovery, but all of greenspews monetary bullets will not put humpty dumpty back together again. How in the world can you cure the patient with the same medicine that nearly killed him? Link to comment Share on other sites More sharing options...
mjkst27 Posted July 10, 2003 Report Share Posted July 10, 2003 mjkst27 Yes. He can't directly bail out Kali's creditors. But he can make sure they have plenty of temporary credit until the cash flow comes back. (Even the rating agency which uttered the D-word said 100% recovery would be expected ... eventually.) Previous precedents are NYC (1975) and Orange County (1994). Governments look after their own. Thanks! Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2003 Report Share Posted July 10, 2003 So any boolish talk would be on this thread only?? Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2003 Report Share Posted July 10, 2003 XLNX has dropped a few pennies from the price I shorted at but, nothing to get excited about. I'll just have to see how the day plays out. Link to comment Share on other sites More sharing options...
wndysrf Posted July 10, 2003 Report Share Posted July 10, 2003 $11 Billion Repo Blast. Al Green pumping the levers again. Expecting a 2:00pm Boner Run. Link to comment Share on other sites More sharing options...
soup Posted July 10, 2003 Report Share Posted July 10, 2003 machine: I guess all those folks unemployed can take solace that the sox is painting a different message?? Link to comment Share on other sites More sharing options...
soup Posted July 10, 2003 Report Share Posted July 10, 2003 Sorry, I got lost, will head back home now. Link to comment Share on other sites More sharing options...
Charliss Posted July 10, 2003 Report Share Posted July 10, 2003 ...How in the world can you cure the patient with the same medicine that nearly killed him? You wouldn't be an alcoholism counselor, would you? Link to comment Share on other sites More sharing options...
machinehead Posted July 10, 2003 Report Share Posted July 10, 2003 Machine: My point exactly! ALl the pumping just makes the economy worse. If they allowed liquidation, we could proceed with a recovery, but all of greenspews monetary bullets will not put humpty dumpty back together again. How in the world can you cure the patient with the same medicine that nearly killed him? You can't, soup. In my heart I know you're right. Sometime in the next decade the whole system will hit the wall and crack up. Meanwhile they're going to juice a couple of more phony 'recoveries' out of it, paid for with the debt that will sink the system 10 or 15 years from now. Being a pragmatist, I'm just trying to hitch a ride in the mafia's big black car, instead of standing on the street corner throwing rocks at them. They've got the guns. But I've also got my hand on the door handle, to jump out at the next traffic light and run. Link to comment Share on other sites More sharing options...
machinehead Posted July 10, 2003 Report Share Posted July 10, 2003 Sorry, I got lost, will head back home now. soup, come back! Otherwise our thread will die, as bearman threatened! Link to comment Share on other sites More sharing options...
Guest Posted July 10, 2003 Report Share Posted July 10, 2003 You can't, soup. In my heart I know you're right. Sometime in the next decade the whole system will hit the wall and crack up. Meanwhile they're going to juice a couple of more phony 'recoveries' out of it, paid for with the debt that will sink the system 10 or 15 years from now. Being a pragmatist, I'm just trying to hitch a ride in the mafia's big black car, instead of standing on the street corner throwing rocks at them. They've got the guns. But I've also got my hand on the door handle, to jump out at the next traffic light and run. Oh Machine, you're so. . . manly! Link to comment Share on other sites More sharing options...
roidrage Posted July 10, 2003 Report Share Posted July 10, 2003 natgas getting whacked this morning...anyone short? Link to comment Share on other sites More sharing options...
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