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B4 The Bell Tuezelday October 19


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#76 Lock Limit Down

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Posted 19 October 2004 - 10:47 AM

IN the oh-by-the-way category

MMC is getting ripped for another 9%
AIG following behind -2%

These two are huge players in the derivative sandbox. Counterparty risk is directly related to capital base. Market continues to believe it's possible to by insurance after your house catches on fire.

And then there is MBI
One of the biggest accidents in waiting
54.50 -1.30
New low for the move


+600 tick jam
They will buy this thing every penny to 3000
And that is being optimistic
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#77 The Mad Hungarian

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Posted 19 October 2004 - 10:47 AM

Funny thing about Crapvision.
When a Dow stock is torpedoed, and the average is red, the shills always point out that if it wasn't for XYZ being down, the Dow would be positive.
Today, without IBM, the Dow would be red, no mention of that! :angry:

#78 machinehead

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Posted 19 October 2004 - 10:48 AM

Rising interest rates make borrowing less attractive. This decreased demand slows credit/money growth in the system. Less money is deflationary.

Yep ... that's the other line in the supply-demand graph.

You and I will cut back our borrowing as rates go higher, because we can't afford it ... or because the banksters cut us off.

But there's one actor in the economy who isn't constrained by the traditional supply-demand curve. That's GOVERNMENT.

Gov't WILL BORROW its fiscal deficit regardless of rates. The presence of this 'wild card' sovereign actor, with the power to tax and print currency, nullifies the traditional credit supply-demand analysis which does constrain households and businesses.

Central planning of credit will blow out ... in an orgy of inflation.
"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."
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#79 rog

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Posted 19 October 2004 - 10:50 AM

Add UNM (UnumProvident) to the list of the impaired

-15% on word that they are cooperating with Spitzer

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Posted 19 October 2004 - 10:50 AM

Remarks by Chairman Alan Greenspan
The mortgage market and consumer debt
At America’s Community Bankers Annual Convention, Washington, D.C.
October 19, 2004
http://www.federalre...019/default.htm

In summary, although some broader macroeconomic measures of household debt quality do not paint as favorable a picture as do the data on loan delinquencies at commercial banks and thrifts, household finances appears to be in reasonably good shape. There are, however, pockets of severe stress within the household sector that remain a concern and we need to be mindful of the difficulties these households face.

In addition, a significant decline in consumer incomes or house prices could quickly alter the outlook; nonetheless, both scenarios appear unlikely in the quarters immediately ahead. If lenders, including community bankers, continue their prudent lending practices, household financial conditions should be all the more likely to weather future challenges.

CONTINUE THEIR PRUDENT LENDING PRACTICES???



:shocked :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :o :lol: :lol:

#81 Lock Limit Down

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Posted 19 October 2004 - 10:55 AM

Remarks by Chairman Alan Greenspan
The mortgage market and consumer debt
At America’s Community Bankers Annual Convention, Washington, D.C.
October 19, 2004
http://www.federalre...019/default.htm

In summary, although some broader macroeconomic measures of household debt quality do not paint as favorable a picture as do the data on loan delinquencies at commercial banks and thrifts, household finances appears to be in reasonably good shape. There are, however, pockets of severe stress within the household sector that remain a concern and we need to be mindful of the difficulties these households face.

In addition, a significant decline in consumer incomes or house prices could quickly alter the outlook; nonetheless, both scenarios appear unlikely in the quarters immediately ahead. If lenders, including community bankers, continue their prudent lending practices, household financial conditions should be all the more likely to weather future challenges.

CONTINUE THEIR PRUDENT LENDING PRACTICES???


:shocked :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :o :lol: :lol:

Senility is an awful thing
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#82 machinehead

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Posted 19 October 2004 - 10:57 AM

Incidentally I think the phrase 'Hotel California Hedge Funds' is absolutely brilliant, so true as well.

I wouldn't be surprised if the mainstream press (those not already bought and paid for) start picking up on it.

I hear that "Jack Kevorkian Hedge Partners" is a "one decision fund." :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

#83 brian4

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Posted 19 October 2004 - 10:59 AM

Blast Shields up..alll ahead warp speed!

#84 Lock Limit Down

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Posted 19 October 2004 - 11:03 AM

Now full short the RUT
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

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Posted 19 October 2004 - 11:07 AM

All of the airlines were ramped this morning...but are now in the red.

If oil spikes, the trannies get reversed on and creamed.

#86 DrStool

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Posted 19 October 2004 - 11:12 AM

32 users on this board. That's a sell signal.

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#87 DrStool

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Posted 19 October 2004 - 11:12 AM

Now down to 29. Maybe it's the "sell bug." :lol:

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#88 brian4

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Posted 19 October 2004 - 11:14 AM

stop now 1118.50

#89 soup

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Posted 19 October 2004 - 11:14 AM

imagine that: "1:09 Financial unit pushes Ford Motor to Q3 profit"
""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

#90 pistolpapa

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Posted 19 October 2004 - 11:14 AM

Rising interest rates make borrowing less attractive. This decreased demand slows credit/money growth in the system. Less money is deflationary.

Yep ... that's the other line in the supply-demand graph.

You and I will cut back our borrowing as rates go higher, because we can't afford it ... or because the banksters cut us off.

But there's one actor in the economy who isn't constrained by the traditional supply-demand curve. That's GOVERNMENT.

Gov't WILL BORROW its fiscal deficit regardless of rates. The presence of this 'wild card' sovereign actor, with the power to tax and print currency, nullifies the traditional credit supply-demand analysis which does constrain households and businesses.

Central planning of credit will blow out ... in an orgy of inflation.

But,

If the consumer cannot borrow and spend because of less money in the normal system, the trade imbalance will swing the other way and the Asians will have less dollars with which to loan the Government.

If the consumer nose dives too fast because of higher borrowing rates, high energy prices, high medical costs etc., the Asians and OPEC countries are liable to take their winnings quickly through commodities and go home.

The Fed, which is made up of large private international financial institutions, would have to monetize the difference.

Why should they do it? They didn't do it in the 30's.

"Liquidate Everything" was their motto.





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