B4 the Bell Weakend Round Table

[The brown one]

the major theme re fnma, imo,  is liquidity crunch.  Regardless of what they lost, ( after all they do not proivide timely fin statements)  they are being forced to shrink their B.S.    I can not think of one thing more Bearish for stocks.  Of ocurse they know the same and that is why days like yd happen.    Reading the garbage emanating from the g7 firther reinforces the grand socialist/fascist empire has taken over.  STATISM at its finest.

You kidding? If real-estate implodes, a lot of money is going to come back into stocks.

What money? When the largest source of leveraged debt(masquerading as money) begins to crumble,I would have to wonder where the money(more leveraged debt) is coming from to put into the stock market.

 

I've no doubt a way will be found but where it 'll come from I have no idea---oh,I know,

Social Security--cannibalize the already cannibalized!

[Butterfield 8]

CRB up 31 cents. PCRDX down 6 cents. Maybe not such a good proxy

[The brown one]

I thought until tody that Dutch Law was pretty fair and reasonable. Apparently not in the case of one law,recently enacted,re the use of non-hands-free mobile phones whilst driving--illegal-- ?140 mandatory fine if caught.

 

Case on the news today of a guy gets pulled over by the police and is charged with using a non-hands-free mobi whilst driving.Guy says "That's funny 'cos I don't own a mobile phone--search me search the car there's no mobile phone.Mebbee I was picking wax in my ear or something but I wasn't using a mobile".Police reply was "Sir you get the summons anyway as we saw you using a mobile while driving--and for the law,that is sufficient to issue a summons.We don't have to search you or the car because we decided you were on the phone"

 

UFB--a policeman's word(lie) has had people hanged in the past and I thought that this little country had evolved beyond that--Wrong!

In this case it's just another form of income gathering or taxation--no doubt the police have quotas per month and were getting desperate.

[Butterfield 8]

http://www.fxstreet.com/nou/content/106050...chnicalanalysis

 

currency charts - inconclusive for the moment

[brian4]

Drudge-has a banner headline that-Newsweek has a poll about to be released that says the Idiot Princes lead is gone-Dead Heat!

[Guest]

I thought until tody that Dutch Law was pretty fair and reasonable. Apparently not in the case of one law,recently enacted,re the use of non-hands-free mobile phones whilst driving--illegal-- ?140 mandatory fine if caught.

 

Case on the news today of a guy gets pulled over by the police and is charged with using a non-hands-free mobi whilst driving.Guy says "That's funny 'cos I don't own a mobile phone--search me search the car there's no mobile phone.Mebbee I was picking wax in my ear or something but I wasn't using a mobile".Police reply was "Sir you get the summons anyway as we saw you using a mobile while driving--and for the law,that is sufficient to issue a summons.We don't have to search you or the car because we decided you were on the phone"

 

UFB--a policeman's word(lie) has had people hanged in the past and I thought that this little country had evolved beyond that--Wrong!

In this case it's just another form of income gathering or taxation--no doubt the police have quotas per month and were getting desperate.

Sounds like a classic "Shake-Down"

 

Normally one has to go to Mexico for such treatment.

[HiHat]

Investors Business Daily......has heat map of States...showing which

are already done deals, as far as Bush or Kerry.

 

They are showing Florida as favoring Bush.

 

I don't buy it for one minute. Gore recieved more votes here than Bush

last time.........GORE......I refuse to believe the last 4 years of the Moron

makes Kerry less attractive than Gore.

[traderfromhell]

Thanks for all the input gents.

[Captain's Log]

I just read the NY times article on the mispositioning of Intelligence data.

 

Those fecking lying bastards. How can they live with themselves knowing that they started a war on flawed evidence.

 

History will not look favorable on them.

[Guest]

China's not stupid. I agree with Doc that corporations call the shots, domestically, and to a large extent, internationally, but China appears to be one of the few exceptions. It appears to me that China is going to depeg the dollar with the intent of bringing the States down. The win/win idea that has provided the justification for free trade and so called open markets between China and the U.S is proving to be a fraud. In a world with finite resources, the final arbiter of trade disputes involving crucial natural resources is the biggest gun, the largest military and the will to use it. We're not talking barbie dolls, key chains, and cotton shorts.

 

China has been positioning itself, through growth of it's middle class and an emerging vital domestic economy, to survive an American economic collapse. It's building firewalls now. As Yobob says, China looks very much like the US before the crash of '29. Very true. They are, no doubt, aware of that and are working very diligently to prevent it. The depeg will definitely hurt them, but not near as much as it's going to cream US. Americans have much farther to fall.

 

Trader, Whatever you do as far as conversion of the Yankee buck into foreign currency, do it quickly. The end game looks like Fortress America doing all in it's power to prevent capital flight, a brain drain of professionals, and a resurgence of gold. For that reason it might be wise to get gold out of the country too, or cashing it in and converting in Canada at bank of Nova Scotia. Brian has no fear of Canadian govt. I don't at this point either. They still represent the people (sort of), I bet the superrich hold their pms outside of America. It would be interesting to know for sure.

Threadbare, China IS a corporation.

 

Think about it....

 

Maybe not as we usually think of a company/corporation, but they, as a nation,

are "collectively" far more powerful than any company that we know and they are

inflencing/controlling world events.

 

Pull out a world map and take a look at China (you will also be noting the broad expanse

of Russia's control). These countries and their landmasses are HUGE compared to the USA.

Look at the sea lanes, look at the pipelines, and you see connections that give China

greater access to the oil resources of the Middle East just in proximity alone.

 

Beyond oil, China and Russia control and/or are buying and forming contracts that

ensure their supplies of minerals and food products.

Feed the people, build the nation.

Both nations have considerable military might to back their moves.

 

China and Russia are building the strength of their nations by economic means with a great cost in terms of human rights.

Meanwhile, the USA is using its military strength to pursue ideological objectives,

which are weakening this country on the economic side and crippling our efforts

to get other countries to sign on to our objectives of peace and human rights.

 

Nixon was lauded for opening the door with China. Now we have WalMart as the singular open door for China's goods coming into American and our own USA companies are not able to compete thus our manufacturing jobs go out the door.

 

What we are experiencing in the USA is the same thing that the 3rd World nations are experiencing. When the IMF opened the doors of those nations to "competition"

the cheap China goods replaced the items produced in the home countries.

The African Nations are screaming about this. Meanwhile, the Chinese workers are

literally slaves in their economic system. Hypertiger noted this many time.

 

Iraqian people make some wonderful products. Can they sell them, even in their

own country? No. because the Chinese goods coming into Iraq are far cheaper.

Further, all the Iraq contracts are controlled by US corporations, not Iraqi.

Now think about that.

When the people of any nation produces goods that are needed/desired within that nation (and elsewhere) but their labors/products are displaced by cheaper efforts from somewhere else, then how do the people of the "any nation" survive? What happens to their economy when they can no longer compete in "the market" with their goods? When the "helpers" of a distressed nation encourages/enables outside nations to take over the production of goods/services for that country, what is the outcome?

 

I am not an economist or a market expert, but as a simple human being, I

cannot help but see that competition with stronger foreign nations is not

helpful for the 3rd World Countries. People need jobs doing things that enhance

their own income and contribute to the well being of their nation.

 

I could care less of measures like GDP! If the people cannot milk their goats,

make cheese, and provide food for others in their nation successfully, then

this whole planet is in a big world of hurt.

[brian4]

You have all seen those Chinese puzzles, drawers within drawers, walls within walls well it would seem they have trapped the Idiot Prince and his dwarfs in one. As I said this morning the $ devaluation means that everything is going to cost the consumers of the greatest Consumer Nation on Earth a lot more cuz the U.S. Imports damn near everything. Now if the Chinese revalue upward the Yuan (which it would appear they have agreed to do) then the cost of Chinese imports would plummet as it would take less yuan to buy them. So well Americans add to their personal and Governmental deficits the Chinese Economy will keep booming. Now some would say that a higher Yuan would make Chinese Exports less competitive but they forget that cheaper raw Material costs which is WHAT the Chinese import will more than compensate for a higher Yuan and in fact will probably increase profit margins. Plus the Chinese are now buying the sources of those raw materiels i.e. Canada's Noranda Mines and the Oil fields of Oman. Shrubs crew would counter with a thundering "America's exports will be cheaper" NOPE, sorry because other than foodstuffs the U.S. doesn't export much and the small Manufacturing base that is left mainly assembles things with parts that are made primarily in China and many other Countries in the world and those parts are going to cost more not less so in the end the devalued $ is probably at best a wash for exported goods. The real problem not often talked about is that America's natural resources from Oil, NG, Uranium, Copper and on and on are depleted and the Manufacturing base has been shipped off shore. Ah you say but what about intellectual capacity- sure the U.S. is still the Great innovator but idea's in todays World can't be contained very long when your own Companies are peddling their wares in foreign lands. Nope all that is left is a Consumption and Service Economy and that is about to take a hit. Bill Bonner said it best the other day-those who say "We consume and THEY sweat don't understand that THEY have won!"

[Guest]

U.S. Warns of Big Mount St. Helens Blast

 

SEATTLE - Government seismologists raised the alert level for Mount St. Helens on Saturday after its second steam eruption in two days, saying the next blast could threaten life and property in the remote area near the volcano.

 

http://story.news.yahoo.com/news?tmpl=stor...ount_st__helens

 

 

 

Good video if you wait for commercial to end

 

http://www.nwcn.com/cgi-bin/bi/video/makea...aphic=&live=yes

[Tchaikofsky]

When the G7 Talks, Is Anyone Listening?

 

1 hour, 51 minutes ago

 

By Glenn Somerville

 

WASHINGTON (Reuters) - The tiny but elite club of Group of Seven finance chiefs seems to have hit the limits of its influence on the two top economic issues of the day -- oil prices and the emerging powerhouse that is China.

 

It was clear after a gathering on Friday of G7 finance ministers and central bankers that the officials had little more than words to use against soaring oil prices and China's tight currency peg.

 

anal cysts said this underlined the fact that the G7 -- the United States, Britain, Canada, France, Germany, Italy and Japan -- no longer controls the lion's share of output that once made its dictates tantamount to law for policy-makers.

 

"The fact is the center of global economic activity has shifted away from the G7 and that will be increasingly the case as we go forward," said economist Mark Zandi of Economy.com.

 

He said a growing proportion of economic production will shift to Asia, Eastern Europe and other regions with little or no G7 representation.

 

"The group is going to have to evolve and bring in other voices or else it's simply no longer going to be an effective voice in global policy-making," Zandi added.

[Guest]

I just read the NY times article on the mispositioning of Intelligence data.

 

Those fecking lying bastards. How can they live with themselves knowing that they started a war on flawed evidence.

 

History will not look favorable on them.

How the White House Embraced Disputed Iraqi Arms Intelligence

By DAVID BARSTOW, WILLIAM J. BROAD

and JEFF GERTH

 

Published: October 3, 2004

 

 

In 2002, at a crucial juncture on the path to war, senior members of the Bush administration gave a series of speeches and interviews in which they asserted that Saddam Hussein was rebuilding his nuclear weapons program.

 

In a speech to veterans that August, Vice President Dick Cheney said Mr. Hussein could have an atomic bomb "fairly soon." The next month, Mr. Cheney told a group of Wyoming Republicans the United States had "irrefutable evidence" - thousands of tubes made of high-strength aluminum, tubes that the Bush administration said were destined for clandestine Iraqi uranium centrifuges, before some were seized at the behest of the United States.

 

The tubes were "only really suited for nuclear weapons programs," Condoleezza Rice, the president's national security adviser, asserted on CNN on Sept. 8, 2002. "We don't want the smoking gun to be a mushroom cloud." Before Ms. Rice made those remarks, though, she was aware that the government's foremost nuclear experts had concluded that the tubes were most likely not for nuclear weapons at all, an examination by The New York Times has found.

 

 

TREASONOUS!!!!!!!!!!!!!!!!!!!!!!!!!!!

 

http://www.nytimes.com/2004/10/03/internat...l?oref=login&hp

[Bobbing Head Bear]

Excellent Post Sherlock!

 

& thx for the welcome YoBob.

 

Soup, my thinking currently is that this fannie thing is not a bad thing for Al's gang. Although the entire Bear underworld knows that Al is in a box, no one really knows how they can get out. I thought earlier that Al was gonna use OIL to escape. But he can easily just blame it on the crooks at Fannie now. My take is that Al & Co. knows that it needs to (and wants to) raise rates. By raising rate they hope to achieve a control meltdown as oppose to a chaotic crash. (This was first stated by Rog). This belief of mine is based on their last public FOMC annonuement where they said the same thing as they did in the prior month (although crappy economic data was in no short suppy in the periods preceding the meeting). By hiking the short rate, this will take away the carry trade and the free money that was available to the players. When the carry trade is gone, I believe that the players are just not gonna buy anything but UST unless the spreads widen signficantly. In the short run, i believe that Al & Co dont mind seeing new highs in the CRB and metals as this will allow them to continue the control meltdown without too much hate mail. I expect the future inflation data after the election to reflect this desire as well.

 

Q: In the episode in Weinma Germ, did the govt run the printing press or did they have a central bank that faciliated it?

 

Although I dont know the answer to my query above, I know Al & Co have read that chapter and knows unequivocally that the desire endgame if they had to choose would be a deflation depresson rather a hyperinfla scenario. Don't forget Al Co is a for profit company and the US Treaur is a non-profit company own by us and run by scammers that didn't get the best grades.