Jimi Posted October 31, 2007 Report Share Posted October 31, 2007 3rd Q GDP rises 3.9%. Hurry Ben, we need to speed up growth. T-bill is hovering around 3.83, I suppose waiting to see if they cut the full point. 619147[/snapback] How on earth can they cut? Link to comment Share on other sites More sharing options...
Yaryman Posted October 31, 2007 Report Share Posted October 31, 2007 3rd Q GDP rises 3.9%. Hurry Ben, we need to speed up growth. T-bill is hovering around 3.83, I suppose waiting to see if they cut the full point. 619147[/snapback] "The price index for gross domestic purchases, which measures prices paid by U.S. residents, was up 1.6% in the third quarter, compared with an increase of 3.8% in the second. Real personal consumption expenditures were up 3%, more than twice the 1.4% increase in the prior quarter." I know, I know, that's not inflationary. Link to comment Share on other sites More sharing options...
guyb Posted October 31, 2007 Report Share Posted October 31, 2007 No bottom in sight for financials This morning Moody downgraded Carina CDO AAA Tranche --->B2 Aa2 Tranche --->B3 And, on watch for further credit downgrades! No one notch BS from premium to junk in a single motion. $0.85 (which was bad enough to trigger writedowns) --> $0.15 (which is close enough to zero to just call it a complete loss after comms and 'friction'). Link to comment Share on other sites More sharing options...
DrStool Posted October 31, 2007 Report Share Posted October 31, 2007 needless to say, that sell signal on the Qs whipsawed. Again. What else is new. Ignore all sell signals for now. Link to comment Share on other sites More sharing options...
potatohead Posted October 31, 2007 Report Share Posted October 31, 2007 3rd Q GDP rises 3.9%. Hurry Ben, we need to speed up growth. T-bill is hovering around 3.83, I suppose waiting to see if they cut the full point. 619147[/snapback] How on earth can they cut? 619148[/snapback] must be all that fictitious paper that has been created driving the economy higher... Where can I get some of that funny money? Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 31, 2007 Report Share Posted October 31, 2007 3rd Q GDP rises 3.9%. Hurry Ben, we need to speed up growth. T-bill is hovering around 3.83, I suppose waiting to see if they cut the full point. 619147[/snapback] How on earth can they cut? 619148[/snapback] Maybe they won't! Link to comment Share on other sites More sharing options...
Yaryman Posted October 31, 2007 Report Share Posted October 31, 2007 3rd Q GDP rises 3.9%. Hurry Ben, we need to speed up growth. T-bill is hovering around 3.83, I suppose waiting to see if they cut the full point. 619147[/snapback] How on earth can they cut? 619148[/snapback] The same way they packaged sub prime debt crap, called it sunshine and then off loaded the risk into outer space. THEY can do whatever they want. Link to comment Share on other sites More sharing options...
I_Am_Madness Posted October 31, 2007 Report Share Posted October 31, 2007 If Money is tight, how the hell are the trillions of ARM refinance going to get done in early 2008? Link to comment Share on other sites More sharing options...
DrStool Posted October 31, 2007 Report Share Posted October 31, 2007 These two posts make a fascinating juxtaposition, don't they? No bottom in sight for financials This morning Moody downgraded Carina CDO AAA Tranche --->B2 Aa2 Tranche --->B3 And, on watch for further credit downgrades! No one notch BS from premium to junk in a single motion. $0.85 (which was bad enough to trigger writedowns) --> $0.15 (which is close enough to zero to just call it a complete loss after comms and 'friction'). 619150[/snapback] needless to say, that sell signal on the Qs whipsawed. Again. What else is new. Ignore all sell signals for now. 619151[/snapback] Link to comment Share on other sites More sharing options...
DrStool Posted October 31, 2007 Report Share Posted October 31, 2007 Don't look at this market. You will turn into a pillar of salt. Link to comment Share on other sites More sharing options...
Dharmaeye Posted October 31, 2007 Report Share Posted October 31, 2007 For you Canroy holders - CNE and PWE to merge. http://news.moneycentral.msn.com/ticker/ar...0&Symbol=US:PWE Link to comment Share on other sites More sharing options...
EZ_Money Posted October 31, 2007 Report Share Posted October 31, 2007 3rd Q GDP rises 3.9%. Hurry Ben, we need to speed up growth. T-bill is hovering around 3.83, I suppose waiting to see if they cut the full point. 619147[/snapback] IMO, if the Fed cuts more than 25bps, that'll be the tell that the credit crisis is much more important to them than price inflation and the (short term) trend in the USD. A cut of 50bps or more says the Fed acknowledges that somebody's in trouble and things are getting critical (as we are aware indicated by declining ABX numbers). 25bps on FFR and DR gives us a pop and puke, depending on the tone of the FOMC comments. Link to comment Share on other sites More sharing options...
DrStool Posted October 31, 2007 Report Share Posted October 31, 2007 Given these GDP numbers, I have to wonder if my musings on the idea that the Fed might not cut may not be so unthinkable. In that event, how fast can your trading platform execute. Link to comment Share on other sites More sharing options...
DrStool Posted October 31, 2007 Report Share Posted October 31, 2007 Where is the US dullard today? Link to comment Share on other sites More sharing options...
DrStool Posted October 31, 2007 Report Share Posted October 31, 2007 New record high on the CAD$ 1.0503 Sickening. Link to comment Share on other sites More sharing options...
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