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Fantasy Island


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GDP................

 

Somethin' above nuthin'...................is still close to nuthin'...........................

 

Well........like I always say..................

 

CHEATER NEVER WIN.............THEY JUST ALWAYS FINISH FIRST...................

2.4% isn't even what the economists would call "trend growth".

 

It appears to me as if the orgy of borrowing and consuming has moved from the private sector to the government.

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Unbef*ckinleavable! That this isn't your Daddy's stock market is the understatement of the century.

 

It's as if it was being run from an Indian Reservation in Northern New York State.

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Temporary Open Market Operations 07/31/2003

Maturity Date 08/01/2003

Delivery Date 07/31/2003

The Desk has entered the market announcing: O/N RP

 

Temporary Operations Statistics

Treasury

Collateral

Operation Agency

Collateral

Operation Mortgage-Backed

Collateral

Operation

Weighted Average Rate

1.062 1.120 1.144

Stop Out Rate (Lowest Rate Accepted) 1.040 1.110 1.130

Highest Rate Submitted 1.080 1.130 1.150

Lowest Rate Submitted .950 1.070 1.000

Total Propostions Submitted (In $Bil.) 13.800 5.800 3.850

Total Propositions Accepted (In $Bil.) 4.787 2.613 1.100

 

Total Money Value of Operation (In $Bil.) 8.5

 

Temporary Open Market Operations 07/31/2003

Maturity Date 08/28/2003

Delivery Date 07/31/2003

The Desk has entered the market announcing: 28-day RP

 

Temporary Operations Statistics

Treasury

Collateral

Operation Agency

Collateral

Operation Mortgage-Backed

Collateral

Operation

Weighted Average Rate

1.010 1.060 1.070

Stop Out Rate (Lowest Rate Accepted) 1.010 1.060 1.070

Highest Rate Submitted 1.010 1.060 1.070

Lowest Rate Submitted .940 .990 1.000

Total Propostions Submitted (In $Bil.) 22.500 17.800 11.400

Total Propositions Accepted (In $Bil.) 2.884 .058 .058

 

Total Money Value of Operation (In $Bil.) 3

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GDP................

 

Somethin' above nuthin'...................is still close to nuthin'...........................

 

Well........like I always say..................

 

CHEATER NEVER WIN.............THEY JUST ALWAYS FINISH FIRST...................

2.4% isn't even what the economists would call "trend growth".

 

It appears to me as if the orgy of borrowing and consuming has moved from the private sector to the government.

Well................This is Modern Day Rome.........................

 

They..............Might as well Do As The Romans Do......................

 

Doom..............Not Far Away................I'm Comfortable..............

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Unbef*ckinleavable! That this isn't your Daddy's stock market is the understatement of the century.

John Templeton said recently that the stock market was "broken". He did not elaborate but I believe he meant that prices no longer reflect the earning power of a company. I also believe he meant that it no longer allocates capital efficiently, its real purpose in this economy.

He said it would take many years to fix. I see no hero on the scene with a financial wrench.

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John Templeton said recently that the stock market was "broken". He did not elaborate but I believe he meant that prices no longer reflect the earning power of a company. I also believe he meant that it no longer allocates capital efficiently, its real purpose in this economy.

He said it would take many years to fix. I see no hero on the scene with a financial wrench.

Broken? I would have never noticed :rolleyes:

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