Guest yobob1 Posted February 25, 2004 Report Share Posted February 25, 2004 Should be some fireworks in NY today. Back across the Maginot line once again. 5 consecutive down days - first time in 13 months. Did bully get snipped? Emergency! Morning woody failing. Code blue - hand me the paddles. Clear! Uncle Buck's Viagra isn't doing much yet. Better double the dose. Not even a Snow job seems to help much these days Really sad day when they cut off the supply of French foie gras. What's next? Mad Truffle disease? And we call ourselves civilized. Link to comment Share on other sites More sharing options...
Hiding Bear Posted February 25, 2004 Report Share Posted February 25, 2004 Good morning and welcome to B4 the Bell! Tanks everyone for their insights on the market and discussion of related news that makes B$ so valuable. Bash Wednesday? Fed members are out in full force bashing the idea that the US needs productivity growth. Late last evening Fed Member McTeer said: McTeer addressed the current weak employment picture in the U.S., saying the "big question" right now is when the U.S. would regain substantial employment growth. "I don't know. I'm surprised it hasn't happened," McTeer said of weak job creation seen in the U.S. McTeer said increased worker productivity is holding back the creation of jobs as businesses limit hiring as workers produce more. "I hate to pull against productivity, but right now I'd rather have jobs growth," McTeer said. The Lizard Kig will also be back for another appearace. Want to know more about the coming oil crisis? Here is a follow-up to yesterday's Saudi oil news: Debate Rages On Oil Output By Saudis In Future By JEFF GERTH Published: February 25, 2004 WASHINGTON, Feb. 24 - Saudi Arabian oil executives said Tuesday that they planned to maintain production capacity at the current rate of 10 million barrels a day for the rest of this decade but could increase maximum output by 20 percent to 50 percent in about 10 years. But an energy expert based in Houston, warning that "the easy oil era in Saudi Arabia is either nearly over or over," called for large-scale research into new energy sources. http://www.nytimes.com/2004/02/25/business...ness/25oil.html http://www.csis.org/energy/040224_simmons.pdf Link to comment Share on other sites More sharing options...
machinehead Posted February 25, 2004 Report Share Posted February 25, 2004 Copper has blasted to a new 8-year high in London. Silver is roaring, and so are soybeans. Bernanke's printing, and the chickens are coming home to roost. Link to comment Share on other sites More sharing options...
zensmoke Posted February 25, 2004 Report Share Posted February 25, 2004 TOP ECONOMIC EVENTS........................... [Full Court Press] WEDNESDAY, FEBRUARY 25 LONDON- Federal Reserve Board Gov. Edward Gramlich speaks on "Budget and Trade Deficits" before the Euromoney Bond Investors Congress - 0910 GMT. WASHINGTON- Federal Reserve Chairman Alan Greenspan testifies on the economy before the House Budget Committee - 1500 GMT. CHARLOTTE, North Carolina- Federal Reserve Bank of St. Louis President William Poole speaks on "Best Guesses and Surprises" before a Charlotte Economics Club luncheon - 1700 GMT. ORRVILLE, Ohio- Federal Reserve Bank of Cleveland President Sandra Pianalto speaks on the economy before a Wayne College community forum. TOKYO- Japanese Finance Minister Sadakazu Tanigaki holds a regular news conference. NEW YORK- Federal Reserve Board Governor Susan Schmidt Bies speaks on "Qualitative Aspects of Effective Risk Management" before the Global Association of Risk Professionals Annual Convention - 1400 GMT. Link Link to comment Share on other sites More sharing options...
Guest Posted February 25, 2004 Report Share Posted February 25, 2004 Good Morning, MadameWH! Welcome to the best darned board! Sherlock Link to comment Share on other sites More sharing options...
zensmoke Posted February 25, 2004 Report Share Posted February 25, 2004 Also today-----Fannie Mae Chairman and CEO Franklin D. Raines appear before the Senate Committee on Banking, Housing and Urban Affairs Jayne Shontell, Senior Vice President, Investor Relations, of Fannie Mae made the following statement yesterday: "We welcome Chairman Greenspan to the public debate concerning the future of the U.S. housing finance system. We appreciate that he has made it clear in the past several days that his concerns are not about some imminent problem facing Fannie Mae, but rather with fundamental aspects of the market-based housing finance system in this country. We, of course, disagree with most of his conclusions, but appreciate that he has now made his strongly held views public." Link Link to comment Share on other sites More sharing options...
zensmoke Posted February 25, 2004 Report Share Posted February 25, 2004 The U.S. Treasuries market on Wednesday will again focus on an unusually verbose Alan Greenspan, the Federal Reserve chairman, fretting the chief central banker may be upbeat on the labor market. Greenspan will be making a rare fourth appearance in as many workdays in giving congressional testimony on the economic outlook and fiscal issues at 10 a.m. EST (1500 GMT). While the politically hot topic of the record budget deficit will likely get a lot of attention, the bond market is eager to see how Greenspan describes the economy and interest rates. Link Link to comment Share on other sites More sharing options...
zensmoke Posted February 25, 2004 Report Share Posted February 25, 2004 Mizuho offers foreign currency deposits to meet currency volatility Mizuho Bank has started offering U.S. dollar-denominated and euro-quoted deposit accounts with favorable interest rates in times of excessive currency volatility, bank officials said Wednesday. The core bank of Mizuho Financial Group Inc. began offering the new types of savings instruments on Feb. 2 in view of the presence of many Japanese who have remained reluctant to convert their dollar or euro holdings into yen for fear of incurring sizable foreign exchange losses stemming from a higher yen, the officials said. Link Link to comment Share on other sites More sharing options...
HiHat Posted February 25, 2004 Report Share Posted February 25, 2004 Inflation....Deflation perspective. Very good stuff, if you have not seen this Must Read inflation must prevail............ Link to comment Share on other sites More sharing options...
Guest Posted February 25, 2004 Report Share Posted February 25, 2004 Copper has blasted to a new 8-year high in London. Silver is roaring, and so are soybeans. Bernanke's printing, and the chickens are coming home to roost. Did somebody mention chickens? Check out CALM & SAFM Link to comment Share on other sites More sharing options...
BearHugs Posted February 25, 2004 Report Share Posted February 25, 2004 McTeer said increased worker productivity is holding back the creation of jobs as businesses limit hiring as workers produce more. Ultimately, isn't increased productivity nothing more than outsourcing of jobs to lower cost employees? OT Is the Hyper dude still around? I see he's deleted all his posts in his temple of doom. I'm very disappointed. I was hoping there was some model that predicts the point of maxium potential before debt deflates. Link to comment Share on other sites More sharing options...
BearHugs Posted February 25, 2004 Report Share Posted February 25, 2004 Inflation....Deflation perspective. Very good stuff, if you have not seen thisMust Read inflation must prevail............ I didn't read it all, but he dosen't seem to address the issue of 'debt' and fractional reserve banking at all. Perhaps him and hyper dude should have a debate. Link to comment Share on other sites More sharing options...
HiHat Posted February 25, 2004 Report Share Posted February 25, 2004 BearHugs......As regards inflation-deflation...one minute i think one then i,m persuaded the other way. Perhaps it will synthesize both and just be CATASTROPHE Link to comment Share on other sites More sharing options...
Guest yobob1 Posted February 25, 2004 Report Share Posted February 25, 2004 Inflation....Deflation perspective. Very good stuff, if you have not seen thisMust Read inflation must prevail............ I didn't read it all, but he dosen't seem to address the issue of 'debt' and fractional reserve banking at all. Perhaps him and hyper dude should have a debate. There are two things inflationists refuse to answer to in a straight forward manner. One is the issue of debt deflation or the digital destruction of "money" such as equity market cap declines and real estate value declines. The second issue I can never get any sort of straight answer on is how in climate of declining incomes can rising retail prices be supported especially in the face of current debt loads. I don't ever expect to get a straght answer either, because I can't think of a response that would favor price inflation. Link to comment Share on other sites More sharing options...
DrStool Posted February 25, 2004 Report Share Posted February 25, 2004 Shakedown Over? Traders Left Out? Your Golden Stool, including short and long term updated charts and price targets, is loaded each morning. Even if you are not a goldbug, you should check out the Golden Stool, a daily Anals release. Take a subscribatory and get the latest release of the Golden Stool from your Anals RIGHT NOW! Don't miss another Golden Stool! Link to comment Share on other sites More sharing options...
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