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The Old Gunfighter


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Running totals with the latest upward revision:

 

week orig revised

10/09 382K 388K

10/16 384K 390K

10/23 386K 391K

10/30 386K 391K

11/06 348K 355K

11/13 366K

mwh,

thanks for the updates. It seems the "add 5000" switch is still stuck in the on position, the revision for last week was 353K according to articles posted here. they're consistent if not honest.

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I only now saw that the Department of Labor calls itself the Office of Workforce Security. Does that strike anybody else as somewhat.... bizarre? :ph34r:

 

 

Government Teamspeak, I guess.

Starting to sound more and more "soviet". B)

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GI Joe (w/ kung fu grip) is currently atop my display, staring me down like

my 'to do" post it note, reminding me to seek the "paris hilton" vid.

 

so callous and shallow, i know.

 

yet it reminds why i can afford to short "paper" for a living.

 

it's be tough, yet i've come to appreciate the russian revolution's basis in form/function.

 

AMAT appears to be a non-event. precious cargo, soon to be ejected to gain even more altitude.

 

the CRB & GOLD appear to be the main event.

 

uncle buck's bout with anabolic steriods has left him ripped and tattered.

 

88's on deck, imo.

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Fedheads Poole and Moskow are out bullhorning "low rates indefinitely" again.

 

That they would do this, on the day after gold and the CRB hit 7-year highs, makes you wonder if they have a "dollar death wish."

 

Devaluation is another means of easing policy. Poole and Moskow are like two little boys on bicycles, playing chicken with an oncoming Mack truck.

 

* leaves to find spatula to scrape them off the road *

I took yesterday's coupon pass as a straight shot at the bond traders. Higher rates will not be tolerated and we will use unconventional means. As HT has pointed out, they can't let debt deflate. B)

The problem is that debt is deflating, and the latest MoGauge points to the trend

in the money supply that will be steadily down.

 

How the Fed deals with a smaller pool of money to support an ever expanding amount of outstanding credit will be interesting, to say the least. Fed statements about policy may help for a few hours to jawbone rates lower, but won't stop rates from moving up as the supply of domestic $s shrink.

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