DrStool Posted January 30, 2004 Report Share Posted January 30, 2004 Is The Top In? This Might Help You Decide Get Gas from today's Suctor Watch.. Take a subscribatory to the Anals, for the Gas release you're looking for RIGHT NOW! Along with cycle charts and price targets for 11 other leading market suctors like Oil, Homebuilders, Aerospace, Healthscare, Biodrech, SOX and more! 15 Day Intro Subscribatory. Just $2.99! Get In RIGHT NOW! Link to comment Share on other sites More sharing options...
Guest yobob1 Posted January 30, 2004 Report Share Posted January 30, 2004 A deflation is never caused by debtors suddenly stopping to finance debt with more debt. There is no limit to the amount of debt that the distressed debtors are willing to take. Deflation is caused by creditors pulling the plug on a whole economy. It happens when banks do not lend anymore because low interest rates do not cover the risk. It happens when savers take their money from the bank, because the bank is technically bankrupt. It happens when foreign banks stop buying treasuries to keep the dollar propped up. There's more than one way to skin a cat Howl. When enough people run out of ways to cover their debts repos go up. Soon that repo merchandise is competing with new merchandise as the supply blosoms. This leads to asset value drops leaving more and more underwater on their loans leading to more repos. Meanwhile the lenders are forced to raise their reserves to cover loan losses, leaving them less to lend and therefore they begin to get more selective. Simultaneously the credit worthy , being conservative in nature which is why they are credit worthy, see the deterioration around them, and are reluctant to borrow no matter how pressing the need or how attractive the offer. Link to comment Share on other sites More sharing options...
DrStool Posted January 30, 2004 Report Share Posted January 30, 2004 If you have a need for speed, invite stoolies for a Stoolchat Live Link to comment Share on other sites More sharing options...
Farmer Posted January 30, 2004 Report Share Posted January 30, 2004 All I can say jr is moving cash into My garden which I use to grow for fun. My milk cow which I use to milk just to know how. My chicken just to enjoy My wood lot that I use to cut for exercise. And my well pump that I use to think was a novelty. plus many other things bought or invented. Have somehow taken on a significance as shiney as gold. Link to comment Share on other sites More sharing options...
brian4 Posted January 30, 2004 Report Share Posted January 30, 2004 well that turn was a dud the first one that was-when that happens it magnifies the others. No turn for awhile yet. Link to comment Share on other sites More sharing options...
machinehead Posted January 30, 2004 Report Share Posted January 30, 2004 Meanwhile the lenders are forced to raise their reserves to cover loan losses, leaving them less to lend and therefore they begin to get more selective. Simultaneously the credit worthy , being conservative in nature which is why they are credit worthy, see the deterioration around them, and are reluctant to borrow no matter how pressing the need or how attractive the offer. This is true for private-sector lenders ... and would long since have deflated the Bubble if they were in the drivers seat. But the ultimate lender is the U.S. government ... and as the recent push to lower down payments on mortgages indicates, if creditworthy borrowers won't step up to the plate, they'll find uncreditworthy borrowers to lend to. John Law II is faltering. An important symbolic sign that a second, more determined wave of reflation is coming, would be the replacement of Al Green with a really hardcore hyperinflationist such as Ben Bernanke. :shocked Link to comment Share on other sites More sharing options...
Sphinxter Posted January 30, 2004 Report Share Posted January 30, 2004 Jrmfl - I believe there are lements who are itching for a world currency but I think the details, both economic and political, will render this an all but certain impossibility. What keeps my keel even when I think about all the skuldugery going on is that I remember the gubmint types I occaisonally work with. They're just regular folks. Nothing sinister there - just folks laboring within whatever bureaucratic structure they happen to be employed by. Trust me, most of the agencies I worked with couldn't pull off any sort of grand stunts. The onyl ones I worry about are the intelligence and FBI types who can operrate without any serious oversight and a bunch of unchecked power. They can do some odd stuff. Bu$h has alienated the world against the US. Well, except for poodle boy and his merry cohort of pasty subjects. So I just can't see the world suddenly allowing Washington to dictate anything over them simply for shiny, colored scraps of paper. Link to comment Share on other sites More sharing options...
Farmer Posted January 30, 2004 Report Share Posted January 30, 2004 That makes sense Spinxter unless someone is dictating to the US government. Just a random thought I have them sometimes. Call them brain farts. Hmmmmmmmmmmmmm Link to comment Share on other sites More sharing options...
Farmer Posted January 30, 2004 Report Share Posted January 30, 2004 It always seemed to me that grovelments were the handjobes of the big money that put them there. Of coarse it goes without saying I'm just a farmer and am given to halucinating on days over 40 below. Should I have said handmaidens , sorry. Link to comment Share on other sites More sharing options...
brian4 Posted January 30, 2004 Report Share Posted January 30, 2004 From the front page of todays-National Post an article titled "President sticks to his Ribs" the article is a transcript of the PrezyDent's ( I emphasize Dent) visit to "the Nuthin Much Cafe" yesterday in Roswell NM. "Mr Bush-I need some ribs. Waitress-Mr. President how are you?? Mr. Bush-I'm hungry and I'm going to order some ribs. Waitress-What would you like?? Mr. Bush-Whatever you'd think I'd like" Kinda says it all don't it! Link to comment Share on other sites More sharing options...
brian4 Posted January 30, 2004 Report Share Posted January 30, 2004 turn time now 5 minutes long. Link to comment Share on other sites More sharing options...
Hiding Bear Posted January 30, 2004 Author Report Share Posted January 30, 2004 John Law II is faltering. An important symbolic sign that a second, more determined wave of reflation is coming, would be the replacement of Al Green with a really hardcore hyperinflationist such as Ben Bernanke. :shocked Agree. Still think we'll see Ben The Printer Bernanke cranking up the 21st century version of the printing press - the Fed supercomputer - before we get concentration camps for the unemployed. Not that AG or GWB couldn't make a move that might be sudden death for our financial system. In that case, Farmer will be thankful it is -40 and he is very far from Wall Street. Link to comment Share on other sites More sharing options...
Farmer Posted January 30, 2004 Report Share Posted January 30, 2004 Can anyone explain this feeling I get that the catcher has a complete new set of hand signals. There are curve balls and then there are curve balls. Or the other way around if you prefer. Link to comment Share on other sites More sharing options...
soup Posted January 30, 2004 Report Share Posted January 30, 2004 I think the trannies are telling the truth in here. They may hold up the soudbite avgs for month end, but whatever they gain today they have to give back next week. Link to comment Share on other sites More sharing options...
Butterfield 8 Posted January 30, 2004 Report Share Posted January 30, 2004 Farmer I wonder that all the time. The US and Britain are joined at the hip in every policy decision. If we can find out who bought the gold from FDR, then we will know who owns America. Link to comment Share on other sites More sharing options...
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