DrStool Posted September 19, 2008 Report Share Posted September 19, 2008 It's been exhausting trying to keep up with this stuff. Link to comment Share on other sites More sharing options...
T_Slim Posted September 19, 2008 Report Share Posted September 19, 2008 Ain't dat the truth. The whole mess sickens me. I'm an American living in Canada, and I worry about my family and friends and my fellow American stoolies. Heck, all the stoolies around the world. What a big mess. Link to comment Share on other sites More sharing options...
DrStool Posted September 19, 2008 Author Report Share Posted September 19, 2008 I'm an American who spends 5 months a year in Canada. Thinking of saying screw it, and just staying here. Absolutely demoralizing. Link to comment Share on other sites More sharing options...
Bungster Posted September 19, 2008 Report Share Posted September 19, 2008 True dat! I'm exhausted....The only thing that didn't happen this week was frogs falling from the..... Link to comment Share on other sites More sharing options...
Bungster Posted September 19, 2008 Report Share Posted September 19, 2008 Nice short article on "Big Ass Reversals" over at Quantifiable Edges site.. http://quantifiableedges.blogspot.com/ Link to comment Share on other sites More sharing options...
Speakeasy Posted September 19, 2008 Report Share Posted September 19, 2008 It's been exhausting trying to keep up with this stuff. 690986[/snapback] They will only allow individuals and firms to trading every other day. On off days the Depot of Homey Protection will force borkers to only let each acct. be accessed on their assigned day. I don't think we're in Kansas anymore, Doc. Link to comment Share on other sites More sharing options...
Jimi Posted September 19, 2008 Report Share Posted September 19, 2008 What's exhausting? Nothing happened this week: **9-12-08 CLOSE** **9-19-08 AFT** S&P 1252 1251 DOW 11422 11391 2YR 2.21% 2.13% 10 YR 3.72% 3.75% 6MO BILLS 1.55 1.51 FN 30 5s 98-20+ 98-20 ABX 06-2 AAA 68-16 67-16 CMBX3 AAA 148.5 150 IG10 152 153 Link to comment Share on other sites More sharing options...
Speakeasy Posted September 19, 2008 Report Share Posted September 19, 2008 Hammerin’ Hank and Helo Ben are living up to their names this week for sure. Hank for much longer, but he learned the smiley-face media game quickly after some initial arrogance in first round of interviews. It’s just a p/r smiley face though, he is the Hammer. He hammered Barney and the CONgressional leadership into giving him a blank check to deal with Foney&Fraudie, scaring them with the alternative (something about if they set a limit number of $$ available, people would game the system to get there). This morning he did another scare-sales job in TV interviews, threatening the Congress and the citizenry with their futures, and their kids futures, which would be far worse and more expensive if they didn’t give him a “couple of hundred billion”, which means at least $1 Trillion, probably. A trillion here, a trillion there, and pretty soon ….. The Big Scare seems to be the main ‘negotiation’ tactic of the Hammer, and the whole neoCON experiment in totalitarian rule for that matter. Up until a few weeks back, a recession was only a “remote possibility”. This week, we face Armageddon if we don’t do what the Hammer recommends. Up till now, Ben has been more aptly Lysol Ben, for sterilizing every big cash infusion, however narrow and targeted the slosh. But I think I see a propeller forming over his bald head. He clearly seems to have begun monetizing dead-duck toxic waste from every quarter. If he intends on buying up the lot, that’s gonna run into the tens-of-trillions, at least, I would think. But for meddling with forces much larger than your imagination or power, Chris Cox gets the golden stool award this week. The blow back of unintended CONsequences that is gonna be created from the overt attempt to set market prices by changing the rules of trade every friggin’ week, will be a milestone in blunders. What an invigorating and exhausting and infuriating week this has been. A moment of silence, as Jim Grant asked at the end of an interview on bloombox, for the death of capitalism. I would only change it by saying the death of the fa?ade of capitalism. Never have so few stolen so much from so many. Link to comment Share on other sites More sharing options...
Slappy Posted September 19, 2008 Report Share Posted September 19, 2008 Nothing happened? Maybe not yet. I'm thinking the Trojan Horse has been taken into the city.... These are firsts. The Fed has never before directly purchased Agencies. Until now it has held Treasuries only, although it has accepted paper other than Treasuries as collateral for loans. This is the first time the Fed will hold non-Treasury paper outright. Second, the Fed will now finance worthless ABCP purchases with non-recourse loans. I guess that means that if the paper goes bad, the Fed will not require additional collateral. It will just absorb the loss. This is certain debasement of the currency. -- Quote from Doc's publicly available intro to the Feed repor..... Takin' in the Trash... What about that all important tamale? Link to comment Share on other sites More sharing options...
Private Skidmark Posted September 19, 2008 Report Share Posted September 19, 2008 Any of yous guys have any comments on weirdness in the action of junior gold stocks toward the close? Being discussed at Stool's Gold presently. OpEx nonsense, short covering? Borker/MM indigestion after one too many chili dogs for lunch? Link to comment Share on other sites More sharing options...
Trader Joe Posted September 19, 2008 Report Share Posted September 19, 2008 I'm an American who spends 5 months a year in Canada. Thinking of saying screw it, and just staying here. Absolutely demoralizing. 690994[/snapback] ...and I'm a Canadian (now naturalized American) who's giving this country 24 months to get its s+++ togther, otherwise I'm gonna go back to Alberta Link to comment Share on other sites More sharing options...
Private Skidmark Posted September 19, 2008 Report Share Posted September 19, 2008 Hammerin? Hank and Helo Ben are living up to their names this week for sure. Hank for much longer, but he learned the smiley-face media game quickly after some initial arrogance in first round of interviews. It?s just a p/r smiley face though, he is the Hammer. He hammered Barney and the CONgressional leadership into giving him a blank check to deal with Foney&Fraudie, scaring them with the alternative (something about if they set a limit number of $$ available, people would game the system to get there). This morning he did another scare-sales job in TV interviews, threatening the Congress and the citizenry with their futures, and their kids futures, which would be far worse and more expensive if they didn?t give him a ?couple of hundred billion?, which means at least $1 Trillion, probably. A trillion here, a trillion there, and pretty soon ?.. The Big Scare seems to be the main ?negotiation? tactic of the Hammer, and the whole neoCON experiment in totalitarian rule for that matter. Up until a few weeks back, a recession was only a ?remote possibility?. This week, we face Armageddon if we don?t do what the Hammer recommends. Up till now, Ben has been more aptly Lysol Ben, for sterilizing every big cash infusion, however narrow and targeted the slosh. But I think I see a propeller forming over his bald head. He clearly seems to have begun monetizing dead-duck toxic waste from every quarter. If he intends on buying up the lot, that?s gonna run into the tens-of-trillions, at least, I would think. But for meddling with forces much larger than your imagination or power, Chris Cox gets the golden stool award this week. The blow back of unintended CONsequences that is gonna be created from the overt attempt to set market prices by changing the rules of trade every friggin? week, will be a milestone in blunders. What an invigorating and exhausting and infuriating week this has been. A moment of silence, as Jim Grant asked at the end of an interview on bloombox, for the death of capitalism. I would only change it by saying the death of the fa?ade of capitalism. Never have so few stolen so much from so many. 691003[/snapback] Fascist capitalism. With shockingly little dissent. Link to comment Share on other sites More sharing options...
Trader Joe Posted September 19, 2008 Report Share Posted September 19, 2008 Certain bloggers I follow that have been tilted towards the bearish side have been unusually quiet today...... Oh, now I see why, they got their friggin' teeth kicked in.... Link to comment Share on other sites More sharing options...
Speakeasy Posted September 19, 2008 Report Share Posted September 19, 2008 Dodd was just on saying when Hank and Ben got the CONgressional leaders in a room last night, he said there would be "Armageddon" if they didn't act swiftly. A bill is expected to be passed by next Friday. The only other issue jammed through that fast I can remember, was the Iraq War Resolution, and look how well that turned out. We are now spending $10 B a month (or is it a day, I can't keep it straight ) in direct costs for that little adventure that was to pay for itself. It's total cost has been estimated by Nobel economist Steiglitz at $3 Trillion. Tere's that sum again. When was it we switched to thinking and talking in billions, to trillions. I can't remember. Link to comment Share on other sites More sharing options...
stoolbob-brownpants Posted September 19, 2008 Report Share Posted September 19, 2008 Any of yous guys have any comments on weirdness in the action of junior gold stocks toward the close? Being discussed at Stool's Gold presently. OpEx nonsense, short covering? Borker/MM indigestion after one too many chili dogs for lunch? 691006[/snapback] Check out the stop run on TRE at 15:58 Link to comment Share on other sites More sharing options...
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