itiswhatitis Posted September 12, 2008 Report Share Posted September 12, 2008 Tanks! At copper's peak, that was only 2 penny's worth. 688008[/snapback] Chocolates are worth more. Link to comment Share on other sites More sharing options...
Private Skidmark Posted September 12, 2008 Report Share Posted September 12, 2008 I'm pretty certain that there is some provision which bars a bank failure in the middle of the week. Either that, or they simply don't annouce it until Friday 688001[/snapback] Seriously? I was joking when I posted yesterday about a Treasury rule to that effect. Link to comment Share on other sites More sharing options...
shorty Posted September 12, 2008 Report Share Posted September 12, 2008 obviously they will cut rates next week, at least .25 maybe .50 they can't afford to wait until December after the election they'll cut now to give the establishment candidate another boost, October would appear political their talk of the next move being to tighten is of course just to make next week's rate cut a "surprise" Link to comment Share on other sites More sharing options...
agent.5 Posted September 12, 2008 Report Share Posted September 12, 2008 Shorty, why are you upside down? Link to comment Share on other sites More sharing options...
TURK Posted September 12, 2008 Report Share Posted September 12, 2008 obviously they will cut rates next week, at least .25 maybe .50 they can't afford to wait until December after the election they'll cut now to give the establishment candidate another boost, October would appear political their talk of the next move being to tighten is of course just to make next week's rate cut a "surprise" 688014[/snapback] The dollar weakness today could be the tell! Link to comment Share on other sites More sharing options...
Brisbane Bear Posted September 12, 2008 Report Share Posted September 12, 2008 where is the $US going. World of pain if it breaks thru this 'cement ceiling' according to this dude. Remember your old uncle... the one who would always do embarrassing things at family get togethers? Jokes that were always a little 'off'; flatulence at the most inappropriate times; long winded diatribes of a politically incorrect nature? Well, he is back and he has crashed the party and if this chart is to be believed and respected - I do respect it - he is here to stay for a good while. That is because an entire investing world - save for a very few - has placed its stance, in highly leveraged fashion, on the concept that the US Dollar is any more worthless than the other major currencies. I have previously argued that the Dollar will find nearly impossible odds in trying to overcome the noted major resistance. This level should repel the Dollar in the short term, given the extremes that so many markets - including USD - have come to on daily and weekly charts. But the Dollar's ultimate fate will be decided by the level of de-leveraging still to come and the state of competing economies, most notably Europe and China. Suffice it to say the Chinese are very pleased with the increasing value of their Dollar reserves, not to mention being let off the hook by the American tax payer in the Fanny & Freddie mess. If this is not a tell on the desperation of our policy makers... 'Keep China happy, they hold all those treasuries!!' Is the solution in the Euro? How about oil? 'Got to own those resources' say the inflation traders. But this is economic contraction and in this environment, cash is king and the other alternative, gold, is going to rise from court jester to crowned prince as most nations face increasing pressure to "burn their currencies" in the name of economic survival. http://www.safehaven.com/article-11212.htm Link to comment Share on other sites More sharing options...
jickiss Posted September 12, 2008 Report Share Posted September 12, 2008 jickiss is back! jickiss is back! and, for sure, when they run backwards the doolar movie, the bulls in gold and the bears in da broads will be glad they did not give in..... jickiss! Thimk! Link to comment Share on other sites More sharing options...
Bungster Posted September 12, 2008 Report Share Posted September 12, 2008 Shorty, why are you upside down? 688015[/snapback] Perhaps it is a statement on his current trading positions???? Link to comment Share on other sites More sharing options...
Peek Paper Posted September 12, 2008 Report Share Posted September 12, 2008 delete Link to comment Share on other sites More sharing options...
joe3pack Posted September 12, 2008 Report Share Posted September 12, 2008 Shorty, why are you upside down? 688015[/snapback] shorty is commenting on the dire state of joe6pack (no relation) and the nation as a whole, who're upside-down financially and in the realm of common sense. or zat's how i'z seez it. Link to comment Share on other sites More sharing options...
Private Skidmark Posted September 13, 2008 Report Share Posted September 13, 2008 I thought Shorty did that when he went long, like for scam week or something. Link to comment Share on other sites More sharing options...
joe3pack Posted September 13, 2008 Report Share Posted September 13, 2008 or maybe it's the perspective of a fruit bat in repose, as it sees shorty coming to beat some sense into it. Link to comment Share on other sites More sharing options...
Brisbane Bear Posted September 13, 2008 Report Share Posted September 13, 2008 reality is about to hit home big time in my home town. Sales slump on Sunshine Coast as prices hit the wall A DRAMATIC fall in the number of house sales and a slump in tourism occupancy rates has hit the Sunshine Coast property market hard, figures show. Rapid house price rises last year on the back of years of surging price growth have caused the region to hit an affordability barrier. http://www.news.com.au/couriermail/story/0...38-3102,00.html Link to comment Share on other sites More sharing options...
Trader Joe Posted September 13, 2008 Report Share Posted September 13, 2008 Word has it that there are hundreds and maybe even thousands of folks that decided to stay in Galveston to bear out the storm....in addition to thousands more in other potentially bad areas.... If this is true, and they get the 20 foot storm surge as predicted.....many if not all of these d-bags will be dead. Who is stupider? [1] Someone who stays in Galveston in the wake of the biggest potential disaster since Galveston was wiped off the map 100 years ago [2] People that bought F&F preferred or common on the basis of Hank Paulson's words [3] A guy that sticks a loaded gun in his mouth and pulls the trigger _____________________ Answer: All of the above Link to comment Share on other sites More sharing options...
Trader Joe Posted September 13, 2008 Report Share Posted September 13, 2008 History repeats.... On Sept 7, 1900, a huge hurricane hit about the same area of the United States as Rita in 2005. It hit Galveston, which at that time was an island 9 feet above sea level. The hurricane was a category 3 or 4, and with winds of 140 mph drove a sea surge 16 feet high across the island on which Galveston was built. Killed by the hurricane were 6000-8000 of the city's population of 37,000. 3600 buildings were destroyed. The thriving port industry of Galveston was destroyed. The city decided to rebuild. A 16 foot tall seawall was built around the city, and it was decided to raise the height above sea level of the city. To accomplish that the house and building owners raised their houses into the air and built piers of stone, brick and wood under them. Then pumps dredged up sand from the bay, and pumped water and sand onto the land. The ground was thus raised to the new level of the houses. 2000 houses were raised in this way, as shown on photos on the Galveston and Texas History Center of the Rosenberg Library. Galveston of 1900 funded most of the restoration themselves, withsome help from the State. The port industry that had been in Galveston went to Houston and never returned. Is this an example of the saying that those who do not know history are doomed to repeat it? Source of narrative Link to comment Share on other sites More sharing options...
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