Guest Posted July 25, 2003 Report Share Posted July 25, 2003 . . . There seems to be no coherent message coming from Mr. Greenspan: we?re warned about ?irrational exuberance? even as the Fed cuts interest rates and wildly inflates the money supply; we?re told there is no inflation, yet housing prices skyrocket; we?re told that only our central bank planners have the wisdom to determine proper monetary policies, yet the Chairman himself seems to equivocate constantly and provide only the fuzziest answers to straightforward questions. Centralized planning is as disastrous in monetary affairs as in economic affairs. Just as Russian commissars could not determine prices or production levels in the absence of a free market, the Federal Reserve Board cannot determine the ?proper? level for interest rates or the money supply . . . Link to comment Share on other sites More sharing options...
crooked_analyst Posted July 25, 2003 Report Share Posted July 25, 2003 Let's see what they throw at us with the Durable numbers....should be strong. Housing numbers out 1/2 hour after the open and are expected to have fallen...then again, what's it matter, they fudge the numbers anyway. Link to comment Share on other sites More sharing options...
DrStool Posted July 25, 2003 Report Share Posted July 25, 2003 Errata- A sharp eyed stoolie pointed out that the word prices was used where it should have been "yields" in the Feed report. I have since corrected the error and the formerly offending paragraph now reads as follows: Bond yields are back up near 4.20 today. I had pointed out a number of weeks ago that The Gang of 22 had notably increased its borrowing of bonds from the Fed, and that such action was a harbinger of higher bond yields. Monday, Tuesday, and Wednesday, they again massively increased their securities borrowing from the Fed, confirming that we are likely to see even higher yields in the days ahead. I also had left an extraneous paragraph from the previous day's edition in the report, resulting in a confusing analysis. That has since been removed. Link to comment Share on other sites More sharing options...
Bearman Posted July 25, 2003 Report Share Posted July 25, 2003 mornin s-p already had 8.25 range overnite The DEATH DANCE continues Bears must be carefull many Hopers still out there. Their skin is very thin Like a bag The Thrashing will end in a Death spiral L O B Bearman Link to comment Share on other sites More sharing options...
DrStool Posted July 25, 2003 Report Share Posted July 25, 2003 Good Morning Stoolshine! Your Golden Stool, including short and long term updated charts and price targets, is now loaded, and it should make goldbugs happy. 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! Click Here Back with your Suctors and Stoolwethers around 8:45, and and Anals Opening Intraday at 9:15 NY time. Link to comment Share on other sites More sharing options...
The brown one Posted July 25, 2003 Report Share Posted July 25, 2003 IMO bears need to be careful today.Durable goods over June with the lowest interest rates for a gazillon years! If they're bad then they can pack it in right away 'cos July/Aug gonna be offa da cliff. Mista Softy taking on 5,000 new staff(prolly not a lot in US) but this may be bought if it hasn't already.This, combined with yesterday's lower jobless claims might cause them to pump it up before they sell to pay the FED like yesterday.Unless Al helps out,which he probably will ! Reasons to be careful methinks.But I know nothing. Link to comment Share on other sites More sharing options...
BusKow Posted July 25, 2003 Report Share Posted July 25, 2003 Little problem w/The Golden Stool post? Link to comment Share on other sites More sharing options...
Bearman Posted July 25, 2003 Report Share Posted July 25, 2003 IMO bears need to be careful today.Durable goods over June with the lowest interest rates for a gazillon years! If they're bad then they can pack it in right away 'cos July/Aug gonna be offa da cliff. Mista Softy taking on 5,000 new staff(prolly not a lot in US) but this may be bought if it hasn't already.This, combined with yesterday's lower jobless claims might cause them to pump it up before they sell to pay the FED like yesterday.Unless Al helps out,which he probably will ! Reasons to be careful methinks.But I know nothing. Correcto...... FAIR WARNING The Hopers keep pressing their bets They will Crap out one of these times SNAKE EYES Link to comment Share on other sites More sharing options...
DrStool Posted July 25, 2003 Report Share Posted July 25, 2003 Ah! The uploading of the Golden Stool was interrupted. But you can download it now. Tanks for letting me know!! Link to comment Share on other sites More sharing options...
The brown one Posted July 25, 2003 Report Share Posted July 25, 2003 Have twin peaks come to bondville?Or have I got bazongas on the brain? If TNX is getting ready for another launch,then it's really gonna be coytains. Link to comment Share on other sites More sharing options...
BeerMarket Posted July 25, 2003 Report Share Posted July 25, 2003 Gold, Interrupted, coming back a bit. We'll see how the adorable goods number looks, Crapvision and Bloomberg seem to agree on 1.1% consensus. Link to comment Share on other sites More sharing options...
BeerMarket Posted July 25, 2003 Report Share Posted July 25, 2003 durable goods +2.1%, 1.4% ex-trannies Link to comment Share on other sites More sharing options...
Ned38 Posted July 25, 2003 Report Share Posted July 25, 2003 Odd Gold went up on the durables news Link to comment Share on other sites More sharing options...
roidrage Posted July 25, 2003 Report Share Posted July 25, 2003 What does Doc mean by "disintermediation from money market funds" ? Link to comment Share on other sites More sharing options...
Bearman Posted July 25, 2003 Report Share Posted July 25, 2003 All eyes on the 5th largest ecom in the world calafornacate BBB paper now paper ponzi maybe the tender for the spark to send rates to the moon along with Gold Oct 7 vote Oct is a great month for us Bears Link to comment Share on other sites More sharing options...
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