Hiding Bear Posted October 1, 2004 Author Report Share Posted October 1, 2004 The Fed reduced the repo pool by a small $0.5B, but at the same increased their 'agency' repos by $0.7B - to roughly about $4.75B. So the FNM concern meter just advanced a little more today. Re China: It would be in their interest to make a small concession in exchange rates to get a seat at the G-7 table. The current exchange rate system contributes to an overly rapid expansion in their money supply, as the inflexibility of currency exchange leads to the accumulation of dollar deposits. A more market orientated exchange rate would help the Chinese central bank get better control of their money supply. Link to comment Share on other sites More sharing options...
orvack Posted October 1, 2004 Report Share Posted October 1, 2004 Fiction, Reality.. I'm confused. JON STEWART: [interjecting] Ed. Ed, I?m sorry. You?ve written your report as though it's already happened. This is, is?? HELMS: Yeah, I wrote it yesterday. STEWART: You write you stories in advance? And then put it in the past tense? HELMS: Yeah. We all do. All the reporters do that. STEWART: Why? HELMS: We write the narratives in advance based on conventional wisdom, and then whatever happens, we make it fit that storyline. STEWART: Why? HELMS: We... We?re lazy. Lazy thinkers. STEWART: But what happens if actual news happens? HELMS: That?s what bloggers are for. AP, wanting to get the jump on the competition, has already written a past-tense account of tonight's "debate." It was posted briefly on ABC's site, then pulled. http://www.pastpeak.com/ Link to comment Share on other sites More sharing options...
brian4 Posted October 1, 2004 Report Share Posted October 1, 2004 stop now 1124 Link to comment Share on other sites More sharing options...
Ned38 Posted October 1, 2004 Report Share Posted October 1, 2004 4 digit Tick Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 1, 2004 Report Share Posted October 1, 2004 more government numbers being released I wont bother publishing Its all lies and the market loves them Tick machine is smokin Its all so surreal Link to comment Share on other sites More sharing options...
purdymouth Posted October 1, 2004 Report Share Posted October 1, 2004 welcome to the next massive leg up in the markets good luck to... and god help... all bears Link to comment Share on other sites More sharing options...
brian4 Posted October 1, 2004 Report Share Posted October 1, 2004 stopped again! Link to comment Share on other sites More sharing options...
Ned38 Posted October 1, 2004 Report Share Posted October 1, 2004 Dax up over 2% Link to comment Share on other sites More sharing options...
Bearbones Posted October 1, 2004 Report Share Posted October 1, 2004 ISM numbers were not so good. All indices fell except for inventories and prices paid. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted October 1, 2004 Report Share Posted October 1, 2004 Anyone find the timing of the "debate" a little coincidental. Month end and all that money with nowhere to go but into stocks. Link to comment Share on other sites More sharing options...
Bearbones Posted October 1, 2004 Report Share Posted October 1, 2004 Anyone find the timing of the "debate" a little coincidental.Month end and all that money with nowhere to go but into stocks. Lots of automatic pilot money is flushed in at quarter begininning. This money has no brains. Link to comment Share on other sites More sharing options...
Ned38 Posted October 1, 2004 Report Share Posted October 1, 2004 They have broken through Link to comment Share on other sites More sharing options...
Guest Posted October 1, 2004 Report Share Posted October 1, 2004 Ten Year Yield blowing up...watch the results! Link to comment Share on other sites More sharing options...
soup Posted October 1, 2004 Report Share Posted October 1, 2004 good chance this is it,imo. Link to comment Share on other sites More sharing options...
FranciscoTheMan Posted October 1, 2004 Report Share Posted October 1, 2004 The idea of nationhood in this world is becoming a relic. Global corporations run things. They own the politicians. Nations are an artifact. This is one world, like it or not. The real bosses are GE, XOM, C, JPM, WMT, China Inc. and a few others. MSFT would be, but they have made so many enemies they are losing a popular uprising guerilla war. Eventually, if you offend and step on enough people, they will rise up. Not in the US of course, where people just want their SOMA, but in the rest of the world. I like the Sprite in you Link to comment Share on other sites More sharing options...
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