B4 The Bell Tearsday October 28
227 replies to this topic
Posted 28 October 2004 - 08:47 AM
The US IOU has been pretty good so far in sticking to the channel. From the latest Clive Maund at 321 gold.
Posted 28 October 2004 - 08:48 AM
One thing Mr. Pickens would never mention: Thank god we have Canada!
Mr. Pickens,.. we are the pigs, not the Middle East.
Posted 28 October 2004 - 08:51 AM
At first glance, I don't see how the Chinese raising rates will help the US$, unless it follows that the US will raise rates to compete with them.
However at this moment no Fed member or economist is looking at the steady deterioration in the money supply, which is an important indicator of where the economy is going.
And it's going down, and higher rates will make it go down faster.
Posted 28 October 2004 - 08:55 AM
Yes, Saudi Arabia and Iran are in the oil business. But unlike the U.S. and Canada,
they have very few other natural resources. Saudi, being mostly desert, has only
limited agriculture, no forests, so much of their food and lumber must be imported.
In that regard, Iran is in better shape. Saudi's also import a large labor force.
Consider that when the Saudi's can no longer pump oil, they will have literally no
income to sustain their people and not much else that I can see to replace it.
Even now, their need for de-salinized water (intensive energy input) is great.
I would think they would want to keep oil flowing as long as possible and at the
highest prices they can get. I see serious problems in that nation's future.
Posted 28 October 2004 - 08:58 AM
All with a purpose, Doc!
Here comes the Ten Year Yield reversal to sub 4% and the jammoramma on the housing sector.
Posted 28 October 2004 - 09:01 AM
Always seems like they jamm the markets before bad news. So this 2 day jam must mean it's real bad news
Posted 28 October 2004 - 09:03 AM
did I blink and miss it?
I don't know why they call it hamburger helper...it seems to do just fine on its own-Uncle Eddie, "Family Vacation"
Posted 28 October 2004 - 09:08 AM
It hasn't happened yet...just predicting a reaction to the jobs data. In recent months, higher unemployment numbers = lower Ten Year Yielddid I blink and miss it?
Posted 28 October 2004 - 09:24 AM
Currency traders are not fooled. Dollah Dead Cat Bounce.
EUR/USD Spot 1.2757
Posted 28 October 2004 - 09:25 AM
Good Morning Crew-..The Chinese rate hike is the first turn of the "thumb-screw"...what you gonna do, when they come for you. Window 5 minutes in till half past the hour and yippers we are going down...Helmets on, Lock n Load!
Posted 28 October 2004 - 09:31 AM
mornin Ned, stoolies.
yah, must be bad....POG just leaped 3 bucks in 10 min...
Posted 28 October 2004 - 09:41 AM
Nice, "textbook" new moon / eclipse reversal. This is the way it's "supposed" to work.
The Chinese rate hike while the moon mottled orange was icing on the cake.
If yuan deposits pay higher yields now, that can't be good for the dollah.
"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
Posted 28 October 2004 - 09:43 AM
still have two days of tape painting from the boyz in boston
""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
Posted 28 October 2004 - 09:43 AM
Fla. County to Replace Absentee Ballots
First U.S. Unit at Iraq Site Did Not Hunt Explosives
And what would be the facts Mr President?
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