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B4 the Bell Fryday, Aug 27, 2004


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#46 jrmfl

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Posted 27 August 2004 - 09:29 AM

Neely just said Gold is gonna crash. 200$

Spose I should be loading the boat with US dollars then...
Move along
The more gold crash calls the better.

Im away from home and need the KKast {live gold and silver icon service} download.
Cant seem to find it. Can anyone help? Thanks much

email me and i'll send you the applet or try here:

http://kcast.kitco.com/

#47 jrmfl

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Posted 27 August 2004 - 09:32 AM

Good to see you, JRM.

we're all in this MESS together g.

nice to see you as well.

out to look at a few escape vehicles, vermonts a long way away.

trade safe everyone.

#48 Hiding Bear

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Posted 27 August 2004 - 09:33 AM

Japanese government bond issuance is likely to hit a record next year as the country struggles with a fiscal deficit that has created the worst public finances in the industrialised world.

The ministry of finance said on Thursday it expected to sell Y143,000bn [U.S. $1.3 trillion] of JGBs in the 12 months to March 2006, up from Y121,100bn in the current fiscal year. The plan points to a 14th consecutive year of rising debt issuance and underlines the difficulty of strengthening Japan's fiscal position even as the economy enjoys its strongest post-bubble upturn.

Japan's ratio of total debt to gross domestic product is likely to be 163 per cent at the end of this year, according to the Organisation for Economic Co-operation and Development, the highest figure among OECD states.


Debt plobrem

Help me here, Hiding Bear.

Is the Japanese government, in effect, playing the yen carry trade by borrowing J-yen and buying U.S. Treasury/Agency debt in Al's custody account? :o

At 163% debt-to-GDP, it sounds like the last days of the S&L's ... double or nothing, cuz nothing to lose. :huh:

p.s. So much for the recent "Japan boom" spin. The Matrix seems to have dropped that line like a hot potato.

Yes - mostly.

Japan eventually borrows borrows most, but not all of the money used to buy USs. So they borrow in their domestic market short term at a 0.05% (that's hundreths of 1%) rate and invest in US bills and bonds. The ultimate carry trade.

However Japan does not want to issue too much debt too fast so it essentially issues new debt for US$ purchases slowly - about $1 billion more a week. They issue new fiat currency to carry them through in the meanwhile. It's nice to have your own printing press.

All that new fiat yen goes into the world money supply, which acts to increase worldwide inflation under present business conditions.

This is happening at the same time Japan is running huge budget deficits which require constant new debt issues. Their borrowing is very much concentrated on the very short end - T bills. A system as fgaile as Humpty Dumpty on a wall.

#49 orvack

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Posted 27 August 2004 - 09:34 AM

Where is the love?
The downside of imperialism.

The United States of America is enjoying an extremely successful Games, on the track, in the pool, on the softball diamond, the soccer pitch and nearly everywhere else, but U.S. athletes, and the greatly reduced number of brave souls here to support them, certainly haven't felt much love.

Hatred, though, they've experienced.

Yesterday, in an arena that was bitter and hostile to begin with, then erupted in the final seconds of a hotly contested basketball game between the latest edition of the U.S. Dream Team and Spain, there was no mistaking that emotion for anything else.

With his team leading by 11 points and 23.7 seconds left on the clock, the U.S. coach, Larry Brown, decided to breach sports etiquette and, in the process, extended a middle finger to his opponents and to the people in the stands.

...Americans can be as oblivious as Labrador retrievers when it comes to local sensitivities in foreign climes, so perhaps Brown hasn't noticed the difference.

...No one's begging for a photo op here. And the stands aren't erupting in chants of U-S-A, U-S-A. The locals sure won't do it, since there's a strong streak of anti-Americanism in Greece to begin with, and so many U.S. fans and corporations have taken a pass on Athens, afraid of organizational snafus, or unwilling to be targets.

...maybe that's like Red Sox fans hating the Yankees. But being there, and being here, it sure felt like more.

http://www.theglobea...uery=basketball



#50 GregFokker

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Posted 27 August 2004 - 09:34 AM

Horizontal resistance is at 34.53 QQQ, being tested here.

Attached Images

  • oifm082704_01.gif

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#51 Abby Justa Colon

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Posted 27 August 2004 - 09:39 AM

Excellent opening piece Yobob! :D

Have a great day and good luck to all!

#52 Guest_yobob1_*

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Posted 27 August 2004 - 09:39 AM

Tanks, John. My mind is just as sharp as it ever was - damn the luck. :lol:

Mentally I still think I'm 25, however when asked to cooperate the body seems unable to confirm that age.

Well on the matrix games gang and trade safe. A full body condom is required. Remember, the hardest thing to do is nothing.

#53 wndysrf

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Posted 27 August 2004 - 09:39 AM

BBY getting hit for unknown reason..............
PigMen Proprietary Trading Desk

The Weimar Run: Bullphoria!!!!

#54 machinehead

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Posted 27 August 2004 - 09:43 AM

Where is the love?
The downside of imperialism.

the U.S. coach, Larry Brown, decided to breach sports etiquette and, in the process, extended a middle finger to his opponents and to the people in the stands.

The poor provincial.

With a crowd of Europeans, he'd get a much better reaction by crooking his right arm, placing his left hand on his bicep, and holding his right fist vertically in the air.

Maybe he'd better just stick to dropping his drawers ... :lol:
"GOLD -- it's not just for misers anymore."

"Dollahs -- fire-starters for the K-wave winter." - Drano

"Three humps and a dump." - anotherone, 21 SEP 2004

"No gold was harmed in the making of this movie." - Bizarro Greenspan

[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals."
- our jickiss

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Posted 27 August 2004 - 09:51 AM

the hardest thing to do is nothing.

The toughest thing about doing nothing...

is knowing when you're done.

#56

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Posted 27 August 2004 - 09:55 AM

CHK ready for lift off

#57 soup

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Posted 27 August 2004 - 09:59 AM

Okay, fine. I am going long the homebuilders, why should I be the only one bogged down in reality?
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg

#58 orvack

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Posted 27 August 2004 - 10:00 AM

US Peso on the move now. PMs red.

Sep.'04 US DOLLAR INDEX
89.69
+0.34

Oct.'04 GOLD, COMEX
406.00
-2.00

#59 GregFokker

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Posted 27 August 2004 - 10:02 AM

Choppity chop chop. Short cycle ozzies still grinding higher, but no significant test of 34.60

...A declining spenglerian carnival of Colossaalism united with Inflation where the numbers one through 10 are forever banished as worthless arithmetical detritus from a bygone age... - Beardrech

Naturally we believe the govt numbers... and Boobus Americanus sleepwalks off the edge of the energy-crisis cliff clutching his shares of "Crisco", Yoohoo and GooGah munching on his Yum Yums and Ho Hos. Future historians will have a hell of a time figuring out what the hell Americanus neanderthalus was thinking and exactly what brought on his sudden demise... - Henny Penny

Well, good night everyone. I gotta go lube up for tomorrow's regular end-of-week Gold Slapdown and Stock Index Bear Punishment Rally Weekend Greenprint. ...Probably another Shock-and-Awe Gap-Up-Open and Wire-to-Wire Meltup Runaway Bull Charge Mo-Mo Spike to Fresh New All-Time Lifetime Highs, culminating in a 4:15 yelping scalded dog runoff with panic short-covering and legal not-held bad double fills due to fast market conditions, plus quote system freeze-ups and trading platform lock-outs along the way. *yawn* typical gov't Friday. - Shorty


#60 HiHat

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Posted 27 August 2004 - 10:04 AM

without doubt they using futures to jam this





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