flockofsheeples Posted August 9, 2004 Report Share Posted August 9, 2004 At this rate, they're going to have take the Treasury Department public! something new to short. Link to comment Share on other sites More sharing options...
zensmoke Posted August 9, 2004 Report Share Posted August 9, 2004 Delta Will Seek Bankruptcy Without Cost-Cut Progress (Update3) Aug. 9 (Bloomberg) -- Delta Air Lines Inc., the third- largest U.S. carrier, said it will seek bankruptcy protection without ``substantial progress in the near term'' to cut costs. Delta, which is seeking $1 billion in annual cost savings from its pilots union, also said in a quarterly regulatory filing that cash on its balance sheet fell to $2 billion on June 30 from $2.7 billion at the end of 2003. Cash is expected ``to decline during the remainder of 2004 at a level consistent with the decline during the first half of the year,'' Delta said. Atlanta-based Delta is trying to avoid the fate of UAL Corp.'s United Airlines, which sought protection from creditors in December 2002 and today asked for more time to file a recovery plan. Delta said in May that a Chapter 11 bankruptcy filing was a ``possibility'' without the cost cuts. Declining fares and record fuel prices are eating into cash reserves. http://quote.bloomberg.com/apps/news?pid=1...=top_world_news Link to comment Share on other sites More sharing options...
zensmoke Posted August 9, 2004 Report Share Posted August 9, 2004 Buffett ups bet against dollar to $19B Value of his holding company's contracts in foreign currency had increased $8 billion by June 30. August 9, 2004: 3:36 PM EDT NEW YORK (Reuters) - Warren Buffett increased Berkshire Hathaway Inc.'s bet against the U.S. dollar to $19 billion at the end of the first half of 2004, his holding company disclosed in a regulatory filing. The value of the Omaha, Neb.-based company's contracts in foreign currency had increased $8 billion by June 30, the company said in its quarterly filing with the U.S. Securities and Exchange Commission. Buffett previously disclosed making investments in five foreign currencies in a belief the dollar will decline in the long run as a result of the United States' ballooning trade deficit. He has never specified which currencies he was investing in, only saying they were major. http://money.cnn.com/2004/08/09/news/newsm...s/buffett.reut/ Link to comment Share on other sites More sharing options...
Guest Posted August 9, 2004 Report Share Posted August 9, 2004 Col Dashley........what is the link..please Here is the link to the archive page but you will probably have to wait about an hour until it is posted. Granville is on 80 min into the show. O-Briens Archive Page Link to comment Share on other sites More sharing options...
jstrack Posted August 9, 2004 Report Share Posted August 9, 2004 Thank you Col Link to comment Share on other sites More sharing options...
Hiding Bear Posted August 9, 2004 Report Share Posted August 9, 2004 Uncle Fukui Loves Uncle Buck Keeps Date at 3 Year Suction Party Fed Update is now posted! Know what Al and his crew are up to, and how it's likely to affect the markets. Take a subscribatory and download your daily Fed Report. 30 Day Intro Subscribatory. Just $16.99! Get In RIGHT NOW! Official intervention, over and above the normal trade inflows, has been about zero since Spring. However as trade flows keep bringing dollars to Japan, they still accumulate in the Japanese banks and eventually end up as foreign exchange reserves. So far Japan doesn't mind accumulating dollars, even though the net effect on Japan is a steady transfer of savings from Japan to the credit markets of the US. I am starting to think they may never sell those dollars, and the yen will eventually just sink with the USS Dollar. http://www.mof.go.jp/english/e1c006.htm Link to comment Share on other sites More sharing options...
brian4 Posted August 9, 2004 Report Share Posted August 9, 2004 New annual highs and lows for today-NYSE- New Highs-14, New Lows 117, NutsDuck new Highs-6, New lows 242-BWHAHAHAHAHA! Link to comment Share on other sites More sharing options...
mjkst27 Posted August 9, 2004 Report Share Posted August 9, 2004 CALLING ALL CONSPIRACY WACKO NUTJOBS this is a fricking goldmine!!!!!! check out the archives links!!!!!!!!! The Vyz Link to comment Share on other sites More sharing options...
Hypertiger Posted August 9, 2004 Report Share Posted August 9, 2004 Official Fed leaker John Berry [formerly of the Washington Post] says they will raise a quarter, and points out an interesting 1999 analogy too: Only three weeks ago Federal Reserve Chairman Alan Greenspan forcefully declared this summer's slowdown in economic growth to be "temporary.'' So it is still highly likely that Fed officials will raise their target for overnight interest rates by another quarter percentage point when they meet tomorrow. In 1999, when the Fed set out to cool what appeared to be an overheated economy and keep inflation contained, it raised the target in June and August, skipped September, raised it again in November and skipped December. Such a schedule might be used again this year, leaving the target at 1.75 percent at year's end -- exactly what a number of anal cysts have been expecting all along. Others have predicted the year-end target would be 2 percent or 2.25 percent. Two Steps and a Skip Repeating arcane patterns (probably astrologically derived in the first place) is exactly the sort of thing that appeals to illuminati weirdos that decorate their currency with a disembodied eye on top of a pyramid. Now that we know the occult plan ... what the hell do we do with it? We've broken through the 94-95 trend line... One more hike and we will be just under the 73-74 trend line... 2.25% would blow through all the trend lines of the past 45 years... The light red bands are recessions...A recession is associated with peaks in rate growth... except the peak in 94-95... 1995 the total debt supply was 17 Trillion... 2004 it is 34 Trillion Total household debt in 1995 was 4.6 Trillion while assets were 1.9 Trillion or debt was 242% of assets...Currently Household debt is 9.5 Trillion while assets are 2.1 Trillion or debt is 452% of assets... Irrational exuberance fuel is running out... Link to comment Share on other sites More sharing options...
HiHat Posted August 9, 2004 Report Share Posted August 9, 2004 Tankx...Col Link to comment Share on other sites More sharing options...
brian4 Posted August 9, 2004 Report Share Posted August 9, 2004 Fair value numbers are out- Spoo's-1064.26-NutsDuck-1320.64 both are currently a point and change above f/value! Link to comment Share on other sites More sharing options...
brian4 Posted August 9, 2004 Report Share Posted August 9, 2004 $ is up across the board as they anticipate the vaunted 1/4 point-either way $ up, stocks DOWN! Link to comment Share on other sites More sharing options...
Butterfield 8 Posted August 9, 2004 Report Share Posted August 9, 2004 $ looks like it hasn't moved Link to comment Share on other sites More sharing options...
depends Posted August 9, 2004 Report Share Posted August 9, 2004 This little chart landed on the sell side. What else is there to say? Link to comment Share on other sites More sharing options...
brian4 Posted August 9, 2004 Report Share Posted August 9, 2004 Well Stain what did you think of todays action?? Link to comment Share on other sites More sharing options...
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