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IDS World Markets Fri 10th August 07


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#331 Jetlag

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Posted 10 August 2007 - 03:59 PM

On BBC News 24  - 3 UK sub-prime lenders have gone out of business.

It's spreading ................

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UK subprime? Do you mean UK companies with exposure to the US RE or UK subprime RE?

#332 beardrech

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Posted 10 August 2007 - 03:59 PM


They are pushing on a string, methinks.  And I also think the crisis is bigger than we think because I suspect that most of those CDOs and a huge portion of MBS and GSE paper are completely worthless, and they are held by every financial institution in the world in huge quantities.

The run on the bank is here and the Ponzi men have stripped the vaults to the bare walls.

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I just do not want to appear either stupid or unappreciative, but

If all of this is happening without any real printed money, how can the vaults be bare? What limit or governor is there?

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Pat
You are not stupid, but despite youur intelligence are laboring under what Keynes himself caled the money illusion.....in todays worlsd there is no end to the PTBs power to print--

Its end will come when people start recognising that twenty seven dollars for one apple and a loaf of dayold bread is too much

beardrech :ph34r: :ph34r: ---At the time A feeling of nausea will envelope them when they enter gigantic supermarkets with mostly empty shelves, and occupied mainly by very large signs, with very large prices of very very minute sized comestibles...

#333 patents

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Posted 10 August 2007 - 04:00 PM

Like cows, it is easier to herd the beasts when everyone knows what is going to happen and when.

The problem becomes when we all think too much or think logically. For example, no one will want to hold over the weekend. That makes too much sense in the theoretical world.

Time after time they drive the market up into the close. That is the game plan according to the higher scheme of things. Low of the day is early. Shake-outs in between, but the general pattern remains the same (Wash, rinse, repeat comes to mind)

#334 Whadda I Do Whadda I Do

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Posted 10 August 2007 - 04:02 PM

Mets fan could face big tax bill on Bonds' home run ball

Even if he does not sell the ball, Murphy would still owe the taxes based on a reasonable estimate of its value, according to Barrie. Capital gains taxes also could be levied in the future as the ball gains value, he said.


Go ahead, void the warranty...


#335 patents

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Posted 10 August 2007 - 04:03 PM

Pat
You are not stupid, but despite youur intelligence are laboring under what Keynes himself  caled the money illusion.....in todays worlsd there is no end to the PTBs power to print--

Its end will come when people start recognising that twenty seven dollars for one apple and a loaf of dayold bread is too much

beardrech  :ph34r:  :ph34r: ---At the time A feeling of  nausea will envelope them when they enter gigantic supermarkets with mostly empty shelves,  and occupied mainly by very large signs, with very large prices of very very minute sized comestibles...

View Post

Your right, but money does not even need to be printed any longer. Printed money is like gold or some other physical item that is limited in quantity.

Today, all it takes is smoke and mirrors which was not even contemplated by Keynes because he was in a time of honor and people with somewhat self-restraint.

#336 Jimi

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Posted 10 August 2007 - 04:03 PM

If there's no bad news over the weekend.
I think we'll get an ass blast on Monday to Leewhee's target.

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I am pretty sure that by the time New York reopens Monday, we'll have heard more confessions.
Sure glad all my albums went GOLD.
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Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
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#337 elh

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Posted 10 August 2007 - 04:03 PM

Pat
You are not stupid, but despite youur intelligence are laboring under what Keynes himself  caled the money illusion.....in todays worlsd there is no end to the PTBs power to print--

Its end will come when people start recognising that twenty seven dollars for one apple and a loaf of dayold bread is too much

beardrech  :ph34r:  :ph34r: ---At the time A feeling of  nausea will envelope them when they enter gigantic supermarkets with mostly empty shelves,  and occupied mainly by very large signs, with very large prices of very very minute sized comestibles...

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Well said, beardrech.

#338 elh

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Posted 10 August 2007 - 04:05 PM

Patents, this is the best answer I can provide you. It won't answer all your questions, nor will it satisfy your desire for a PhD dissertation or any semblance of certainty.

It all ends when confidence ends.

Confidence is ending.

Not only in all these junk assets, but in the flawed BWII monetary system.

#339 Speakeasy

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Posted 10 August 2007 - 04:05 PM

Mets fan could face big tax bill on Bonds' home run ball

Even if he does not sell the ball, Murphy would still owe the taxes based on a reasonable estimate of its value, according to Barrie. Capital gains taxes also could be levied in the future as the ball gains value, he said.

View Post

Can't let the kid keep the ball! He knows nothing of markets and speculation. He'll sell or the government will put him in jail for his own good. We must keep the money out of the hands of widows and orphans and safe with the insurance companies and hedge funds who know how to invest. :lol:
Behind every great fortune there is a crime. ~ Honore de Balzac
One must live the way one thinks, or end up thinking the way one lives
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#340 patents

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Posted 10 August 2007 - 04:07 PM

Patents, this is the best answer I can provide you.  It won't answer all your questions, nor will it satisfy your desire for a PhD dissertation or any semblance of certainty.

It all ends when confidence ends.

Confidence is ending.

Not only in all these junk assets, but in the flawed BWII monetary system.

View Post

I appreciate your comment and I hope this post will not be deleted, but -

I agree that confidence should be ending, but I am dismayed by even today 30+ percent still think that the current administration is doing a good job.

In light of that, can confidence EVER really end?

#341 Jimi

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Posted 10 August 2007 - 04:07 PM

Gorila Girl says market "10% underpriced."
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#342 Whadda I Do Whadda I Do

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Posted 10 August 2007 - 04:08 PM

Mets fan could face big tax bill on Bonds' home run ball

Even if he does not sell the ball, Murphy would still owe the taxes based on a reasonable estimate of its value, according to Barrie. Capital gains taxes also could be levied in the future as the ball gains value, he said.

View Post

Can't let the kid keep the ball! He knows nothing of markets and speculation. He'll sell or the government will put him in jail for his own good. We must keep the money out of the hands of widows and orphans and safe with the insurance companies and hedge funds who know how to invest. :lol:

View Post

It's a forced sale.

Go ahead, void the warranty...


#343 Jimi

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Posted 10 August 2007 - 04:09 PM

Mets fan could face big tax bill on Bonds' home run ball

Even if he does not sell the ball, Murphy would still owe the taxes based on a reasonable estimate of its value, according to Barrie. Capital gains taxes also could be levied in the future as the ball gains value, he said.

View Post

Can't let the kid keep the ball! He knows nothing of markets and speculation. He'll sell or the government will put him in jail for his own good. We must keep the money out of the hands of widows and orphans and safe with the insurance companies and hedge funds who know how to invest. :lol:

View Post

It's a forced sale.

View Post

The IRS is foreclosing on a baseball a guy found.
Sure glad all my albums went GOLD.
"Ferdy-bee-bee-dee-ferbs."
Subscribe & Earn Karma Miles with Every Visit!
Rule #5 Professional Exemption.
Blind Follower, Just Think Positive Hyperinflation, I Get Paid 500 Quadrillion Dollars/Hour at 1000% Interest/Hour Compounding Forever Each Mouse Click Religion.
"I too observe 'flation.'"
I love you, TASR!
YOU MAKE KITTY SCARED
Tops Take Time
Postulate A Free Lunch Economy
Anyone, now, who is not genuinely afraid is a moran.
[T]housands of empty stucco crapboxes vacated after being circle-jerk sham-traded among corrupt borkers, uppraisers and loan officers from 100K up to 800K, then "nopay-walkaway" (with dirty loan cash in pockets)
Guess again, girlfriend.
Or, $2.7 million every effing day since the effing pinball machine.
Permabear Hysterian

#344 Mothership

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Posted 10 August 2007 - 04:11 PM

On BBC News 24  - 3 UK sub-prime lenders have gone out of business.

It's spreading ................

View Post


UK subprime? Do you mean UK companies with exposure to the US RE or UK subprime RE?

View Post


UK Subprime RE - not a US exposure issue.
They didn't name names - I am listening now to see if there are any more details.
I'm not surprised - my 22 year old daughter was offered a 6x salary mortgage after just 6 months of work - and that was a high street lender.
To get back my youth I would do anything in the world, except take exercise, get up early or be respectable.

#345 DrStool

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Posted 10 August 2007 - 04:49 PM

OK, let's move over to M2M

http://www.capitalst....php?act=SF&f=7

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