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FEDERAL RESERVE CHAIRMAN ALAN GREENSPAN

 

Thursday, March 25

 

WARRENTON, Va. - Federal Reserve Chairman Alan Greenspan speaks on "Rural Economic Issues" during morning session of

the "New Approaches to Rural Policy: Lessons from Around the

World" conference co-sponsored by the Federal Reserve Bank of

Kansas City, 0900 EST/1400 GMT. No Q&A. NOTE: Federal Reserve

Bank of Kansas City President Thomas Hoenig introduces Chairman

Greenspan. Airlie Center. 6809 Airlie Rd. Contact: Tim Todd,

816 881 2683 or [email protected]. Information:

http://www.oecd.org/dataoecd/27/24/27754030.pdf

 

Friday, March 26

 

WASHINGTON - Federal Reserve Chairman Alan Greenspan gives

welcome remarks before the "Models and Monetary Policy

Conference" sponsored by the Federal Reserve, 0900 EST/1400

GMT. No Q&A. NOTE: RSVP required. Pen-and-pad only. Federal

Reserve, 20th St. and Constitution Ave. NW. Contact: David

Skidmore, 202 452 2955. Registration:

https://www.federalreserve.gov/secure/forms...diaregistration

.cfm

http://www.forbes.com/markets/newswire/200...rtr1310011.html

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US Airways CEO asks for new sacrifices by workers

USA Today - 1 hour ago

... announcements. Without more cost cutting, Siegel said the airline could default on its $1 billion government-backed loan as early as June.

 

http://www.usatoday.com/travel/news/2004-0...usairways_x.htm

 

 

Home Shopping Network to Cut 250 Jobs in Roanoke County, Va.

Miami Herald, FL - 8 hours ago

... Its Salem center will close, triggering about 250 job cuts, or about 20 percent of its Roanoke Valley work force, spokesman Brad Bohnert said.

 

http://www.miami.com/mld/miamiherald/busin...nal/8266233.htm

 

 

Biotech Company Laying Off 200 More

HGS to Lose CEO Haseltine, Cut Back Search for New Drugs

Human Genome Sciences Inc., a bellwether company for Maryland's biotechnology industry, will announce as early as today that it will lay off 20 percent of its 1,000 employees. Its chairman and chief executive,

 

http://www.washingtonpost.com/wp-dyn/artic...-2004Mar24.html

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More Bullhorning

Thursday, March 25

WARRENTON, Va. - Federal Reserve Bank of Kansas City

President Thomas Hoenig gives introductory remarks at "The Need

for New Rural Policies" morning session at the "New Approaches

to Rural Policy: Lessons from Around the World" conference

co-sponsored by the Federal Reserve Bank of Kansas City,

approx. 0900 EST/1400 GMT. Q&A TBA. Airlie Center, 6809 Airlie

Rd. Contact: Tim Todd, 816 881 2683 or [email protected].

Information: http://www.oecd.org/dataoecd/27/24/27754030.pdf

 

NEW YORK - Federal Reserve Bank of New York President

Timothy Geithner speaks before the New York Bankers

Association, 0930 EST/1430 GMT. Topic, Q&A TBA. Waldorf-Astoria

Hotel. Contact: Linda Ricci, [email protected] or

212-720-6143, or Karen Jannetty, [email protected] or

212-297-1635

 

MEMPHIS - Federal Reserve Bank of St. Louis President

William Poole holds media Q&A (0900 CST/1000 EST/1500 GMT);

discusses the Federal Open Market Committee with a class of

students (1000 CST/1100 EST/1600 GMT); gives luncheon speech on

"Trade, Wages and Employment" (1200 CST/1300 EST/1800 GMT).

LeMoyne-Owen College. Contact: Joe Elstner, 314-444-8902 or

[email protected]; or Charles Henderson,

314-444-8311 or [email protected]

 

WASHINGTON - Federal Reserve Board Gov. Donald Kohn

participates in "Monetary Policy in Transition" luncheon

discussion at the National Association of Business Economists

"Economic Policy in Transition: From Short-term Stimulus to

Long-term Sustainability Washington Policy Conference, 1230

EST/1730 GMT. Audience Q&A expected. Capital Hilton, 16th and K

sts. NW. Contact: Joan Pinkerton, 301 254 1189.

Information/registration:

http://www.nabe.com/pc2004/index.html

 

Friday, March 26

WASHINGTON - Harvey Rosenblum, director of research,

Federal Reserve Bank of Dallas, participates in "U.S. Trade

Policy" discussion at the National Association of Business

Economists "Economic Policy in Transition: From Short-term

Stimulus to Long-term Sustainability Washington Policy

Conference, 0730 EST/1230 GMT. Capital Hilton, 16th and K sts.

NW. Information/registration:

http://www.nabe.com/pc2004/index.html

 

WASHINGTON - Federal Reserve Board Gov. Edward Gramlich

speaks on "Board's Modeling Work in the 1960s" before the

"Models and Monetary Policy Conference" sponsored by the

Federal Reserve, 1400 EST/1900 GMT. Audience Q&A expected.

NOTE: RSVP required. Pen-and-pad only. Federal Reserve, 20th

St. and Constitution Ave. NW. Contact: David Skidmore, 202 452

2955. Registration:

https://www.federalreserve.gov/secure/forms...diaregistration

.cfm

 

WASHINGTON - Federal Reserve Board Gov. Donald Kohn speaks

before the "Models and Monetary Policy Conference" sponsored by

the Federal Reserve, 1900 EST/2400 GMT. Topic TBA. No Q&A.

NOTE: RSVP required. Pen-and-pad only. Federal Reserve, 20th

St. and Constitution Ave. NW. Contact: David Skidmore, 202 452

2955. Registration:

https://www.federalreserve.gov/secure/forms...egistration.cfm

 

Saturday, March 27

 

AVENTURA, Fla. - Federal Reserve Bank of Philadelphia

President Anthony Santomero speaks on "Check 21" before the

New Jersey Bankers Association, 0930 EST/1430 GMT. Audience Q&A

expected. No media availability. Fairmont Turnberry Isle

Resort and Club. Registration: Timothy Doherty, 609-520-1221

ext. 542

 

WASHINGTON - Federal Reserve Board Gov. Ben Bernanke speaks

on "Monetary Policy Modeling" before the "Models and Monetary

Policy Conference" sponsored by the Federal Reserve, 1130

EST/1630 GMT. Audience Q&A expected. NOTE: RSVP required.

Pen-and-pad only. Federal Reserve, 20th St. and Constitution

Ave. NW. Contact: David Skidmore, 202 452 2955. Registration:

https://www.federalreserve.gov/secure/forms...diaregistration

.cfm

http://www.forbes.com/markets/newswire/200...rtr1310011.html

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I would like stoolies (on this thread) to go on a quest. The quest is to find the most bullish argument as of this evening. If we are about to enter wave three, you should not find many bearish thoughts out there. I understand that poeple on this thread are nailed to reality and probably pay atttention to views they agree with. Open your mind. Think back Traverse the raveen. Go to the bullish sites you know and see what they think right now. That will make a huge leap in determining wether or not to cover shorts for a time or to let m' ride.

This is really good advice, by the way. B)

UPDATE 1-U.S.'s Snow says businesses will start hiring

Wed Mar 24, 2004 05:24 PM ET

(Adds quotes, background)

WASHINGTON, March 24 (Reuters) - U.S. Treasury Secretary John Snow said on Wednesday he is optimistic the nation's economy is strong and that businesses will soon start hiring to meet rising orders.

 

"I'm mighty optimistic about this economy -- we haven't changed the basic laws of economics. When businesses see their order books fill up, when the cash register is jingling, businesses want to expand, and they expand and they hire people," Snow said in an interview with Fox Television.

 

"They're starting to see those order books fill up, they're starting to see the cash registers jingle, and as that happens and continues to happen, they're going to expand their businesses because by expanding, by hiring people, by growing, they create more profits for those businesses."

 

http://www.reuters.com/financeNewsArticle....storyID=4650959

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S&P down for a 5th day in a row.

 

The longer this goes on, the more powerful the evidence for distribution, urgent selling, informed liquidation.

 

The smart money is getting the hell out of the stock market. Maybe bonds too. Our task is determine where it's going. Probably into "off the record" investments that don't show up on the simple "asset searches" that any tort attorney can run.

 

In an unstable, lawless world ruled by envy, terror, and grasping governments (I realize I'm being redundant), discretion and secrecy are everything.

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I took TE's chalenge to find a bullish argument. I went to sites I haven't visited in a long time. They're bearish.

I think the fact that TE asked and we looked is not bullish.

I attribute the recent downturn to the lack of job growth. Granted terror has had an effect. But one could argue that today's LACK of reaction to a real bomb on a French rail line as "bullish", that is to say, the public has become somewhat inured to terror stories.

I'll go back to jobs. I think we, as Bears, are "vulnerable" to good news on jobs. I don't believe the US economy is creating the requisite 200K/mo., but I do believe these numbers, these sentiments can be flimflamed. All of the people can be flimflamed some of the time (see Zensmoke's Snowball above), and that may be enough to turn sentiment short-term, short enough to warrant covering short-term, which I think was TE's ultimate question.

Got jobs? :shocked

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Got jobs? :shocked

Yep : I dropped a big job earlier. Smell was awful.

 

Play the mkt as it comes. Took me a while to realise it is not a religion.

 

I'm 2x inverse of indices but if it is looking like the downtick morphes into a 5 upwards, I'll get out. At first a move to 1X inverse/cash position as I don't trust 'em.

 

My Plan (baed on analysis from other folks) says down to April then up till may the LOB till Aug. It also makes sense with some ewave stuff and other vodoo I read.

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S&P down for a 5th day in a row.

 

The longer this goes on, the more powerful the evidence for distribution, urgent selling, informed liquidation.

 

The smart money is getting the hell out of the stock market. Maybe bonds too. Our task is determine where it's going. Probably into "off the record" investments that don't show up on the simple "asset searches" that any tort attorney can run.

 

In an unstable, lawless world ruled by envy, terror, and grasping governments (I realize I'm being redundant), discretion and secrecy are everything.

This little bullish light of mine, I'm gonna let it shine, let it shine, let it shine...

weyer55.jpg

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I agree that without the buying of the shit from china, they are toast. I was thinking more along the lines of the fact that they might just have to create an economy that is self sufficiant. I don't know.

3Martinis Posted on: Feb 18 2004, 10:03 AM

 

I'm starting to think China and the greater Asia region are building the skills, knowledge and manufacturing base that will eventually be self supportive given their huge market size. A whole lot of grief is coming, to be sure, but I'm wondering if they aren't simply seeing the writing on the wall and looking long term, as is China's habit, at making hay while the ability is there to rapidly build what didn't exist before. When the dust settles from the grand monetary expirement, however that shakes out, at least they'll have a base, a manufacturing infrastructure and a skills and knowledge pool to expand it. Building an economic ark so to speak.

 

 

I've been musing on that subject as well TE.

 

If the Chinese leadership realizes, as they surely must, what the inevitable consequences of the US dollar global ponzi scheme are....perhaps it makes sense to them to take advantage of it to both build and modernize their infrastructure and industries as well as train their people...right now while the opportunity presents itself. When it all caves in at least they will possess within their borders the worker capital, knowledge base and industries/infastructures to rebuild or advance on. They are built...nobody can cart off a dam or a highway or a factory and nobody has a secret ray gun that zaps accumulated technical or engineering knowledge. After the shitstorm, those structures and that knowledge will still be there to be utilized, no matter how the peices of paper fall..... only 20 some years ago much of it didn't exist.

 

"Exploit your enemies weakness" and all that......

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