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IDS World Markets 27th February 08


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#121 Bungster

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Posted 27 February 2008 - 03:26 PM

Is that smoke I'm seeing on the Nazquack?

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"It's tough to make predictions, especially about the future" Yogi Berra
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#122 Speakeasy

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Posted 27 February 2008 - 03:29 PM

Question: How does one prevent the post laboriously put together from going down the kitchen sink??

Is there a way of recapturing it? or doest my post simply vanish ;and if so why???

beardrech :ph34r:  :ph34r:  BD Why dont you quit bitching and take some pride in your magical powers???

Id love to but my Rabbit insists on lining my hat with Sh*t

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BD, not knowing your composing process, I would suggest a possible simple solution. When you finish writing and before you try to post it, highlight all your text, then RIGHT CLICK and select COPY. If the post is subsequently lost, start a new one and put the cursur into the tablet area, RIGHT CLICK again and select PASTE from the menu. Your opus should again appear before your eyes. Hope this helps.
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
~ Paul Bourget

#123 Peek Paper

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Posted 27 February 2008 - 03:46 PM

1:25 (Dow Jones) Bear Stearns sees a coming shift in sentiment - and a
rising stock market. "We believe that equities are poised for a move forward,
driven by Fed rate cuts, fiscal stimulus and credit markets beginning to
renormalize," anal cyst Jonathan Golub says. "In conjunction with a market
rebound, we expect a rotation toward cyclical areas and away from defensive
areas." The defensive areas especially include utilities, which Golub
downgraded to market underweight from market weight. (KJT)

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"So, Mr. Bear, do you want me to borrow from my "home equity line" to do this ...???"

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The deeper you dig into a pile of dung, the worse it smells ...

#124 potatohead

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Posted 27 February 2008 - 03:48 PM

Nothing wrong here....move along...


DJ Nuclear Reactors Still Down After Florida Power Outage -AFP


MIAMI (AFP)--Power officials said Wednesday two nuclear reactors in southern
Florida remained shut down, one day after a massive blackout darkened millions
of homes across the state.

"The reactors still are not running," said Karen Visepo, spokeswoman for
Florida Power and Light, a unit of FPL Group Inc. (FPL) and the company
responsible for providing power in southern Florida.

The disabled reactors at the Turkey Point nuclear power plant were unlikely
to cause new blackouts, she said, but workers labored feverishly to get them
operating again.

"Getting them up and running again is a slow process," Visepo said.

Tuesday's massive power outage left millions of people in southern Florida
without electricity for several hours.

The power outage Tuesday stretched across a wide swath of Florida, from
Miami in the south to Daytona Beach mid-state, causing traffic jams, forcing
schools to lock down, and prompting stores to close.

Officials said the outage was caused by a malfunctioning switch at a power
substation near Miami.

The Federal Energy Regulatory Commission said in a statement it was looking
into possible violations of federal rules, as it consulted with other U.S.
agencies.

The outage was the country's biggest since August 2003, when about 50
million people were left without power across the northeastern U.S. and
Canada, plunging New York City into darkness and halting its subway network.
"Don't piss on my back and tell me its raining!"

#125 shorty

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Posted 27 February 2008 - 04:00 PM

ShowDawg fraudex back to 12,666 again

can't hold above 12,700

even with a buckoff in crude turday

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Tiger's Wood, Anthony's Weiner, Barney's Frank, Herman's Cain, Harry's Reid, Elliot's Spitzer
 


#126 cwd

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Posted 27 February 2008 - 04:03 PM

1:25 (Dow Jones) Bear Stearns sees a coming shift in sentiment - and a
rising stock market. "We believe that equities are poised for a move forward,
driven by Fed rate cuts, fiscal stimulus and credit markets beginning to
renormalize," anal cyst Jonathan Golub says. "In conjunction with a market
rebound, we expect a rotation toward cyclical areas and away from defensive
areas." The defensive areas especially include utilities, which Golub
downgraded to market underweight from market weight. (KJT)

View Post



It is always time to buy. :lol:

#127 Speakeasy

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Posted 27 February 2008 - 04:11 PM

Stick a fork in it already!

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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
~ Paul Bourget

#128 shorty

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Posted 27 February 2008 - 04:11 PM

Neither.

I was talking about the safety of T-bills. The only way the US government can pay its bills today is to borrow even more money and the gap between revenue and expenses is blasting off into the stratosphere, way beyond the worst expectations of government financial planners.

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T-Bills are not promises to deliver gold, silver, platinum, wheat, corn, soybeans, oats, crude oil, or anything else

they are not even a promise to provide a certain number of man-hours of labor

they are simply a promise to deliver a certain number of Dollars

Dollars

which can be created from thin air, in unlimited quantity, at zero cost, only by the U.S.

the Dollars do NOT have to be "borrowed", they can be printed

the U.S. has no debt problem

the BagHolders have a problem

I say let's just print enough dollars to pay off all the debt right now and be done with it

then print another million per person and direct deposit it

that way we're all debt-free millionaires

can't believe nobody thought of this before

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#129 shorty

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Posted 27 February 2008 - 04:16 PM

another relaxing day, trading wheat futures with Japanese housewives

:blink:

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#130 cwd

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Posted 27 February 2008 - 04:18 PM

A good piece on some of the problems facing the miners. :blink:

Global shortage of metals looming

Submitted by cpowell on 04:57PM ET Monday, February 25, 2008. Section: Daily Dispatches
By Peter Hodson
National Post / Financial Post, Toronto
Monday, February 25, 2008

http://www.financial....html?id=333806

Our peak oil thesis gained some new respect last week as oil prices hit yet another record, the first close over US$100 per barrel. Demand fluctuates, but it is all about supply, and supply concerns this week showed how tight the market really is.

Peak oil has lots of press, but what about peak copper? Peak zinc? Peak gold? Sounds preposterous, but maybe it's not so far-fetched. Nearly every commodity is experiencing some supply issues, for a host of reasons. Add it all up, and it means potential supply shortages in the future. Demand may slacken this year, but in the next 10 years today's high commodity prices may actually look like a bargain.

Let's take a look at some of the issues facing commodity projects today, and give some examples of companies that have already been impacted by them.

Cost overruns: Inflation, equipment shortages, and labour issues have combined to wreak havoc on so many new commodity projects that long-term supply issues may result.

Simply put, because of inflation, a commodity project that appeared economical two years ago may no longer be viable. Case in point: Novagold's (NG/TSX) Galore Creek project in British Columbia.

Costs estimated at $2.5-billion a year or so ago escalated to more than $4-billion. The cost overruns have put the project on hold despite high copper and gold prices. That means an expected 432 million pounds of copper production a year is not going to hit the market anytime soon.

Newmont this month said its Boddington gold mine in Australia was experiencing 77% cost overruns.

Petaquilla's copper project in Panama is in a similar situation, with costs soaring to $3.5-billion.

#131 cwd

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Posted 27 February 2008 - 04:23 PM

T-Bills are not promises to deliver gold, silver, platinum, wheat, corn, soybeans, oats, crude oil, or anything else

they are not even a promise to provide a certain number of man-hours of labor

they are simply a promise to deliver a certain number of Dollars

Dollars

which can be created from thin air, in unlimited quantity, at zero cost, only by the U.S.

the Dollars do NOT have to be "borrowed", they can be printed

the U.S. has no debt problem

the BagHolders have a problem

I say let's just print enough dollars to pay off all the debt right now and be done with it

then print another million per person and direct deposit it

that way we're all debt-free millionaires

can't believe nobody thought of this before

View Post




Sir Alan G is working on his retirement fund. :lol:

Dropping Gulf's Dollar Peg
> Would Ease Inflation: Greenspan
>
> By Souhail Karam and Stanley Carvalho
> Reuters
> Monday, February 25, 2008
>
> http://www.reuters.c...515874520080225
>
> JEDDAH, Saudi Arabia -- Former Federal Reserve Chairman Alan Greenspan
> said on Monday near-record Gulf Arab inflation would fall "significantly"
> were the oil producers to drop their dollar pegs, in contradiction to
> Saudi policy.
>
> The pegs restrict the Gulf's ability to fight inflation by forcing them to
> shadow U.S. monetary policy at a time when the Fed is cutting rates to
> ward off recession and Gulf economies are surging on a near five-fold jump
> in oil prices since 2002.
>
> Rifts are growing across the world's top oil-exporting region on how to
> tackle inflation, which hit a 27-year peak of 7 percent in Saudi Arabia in
> January and a 19-year peak of 9.3 percent in the United Arab Emirates in
> 2006, the most recent figure.
>
> "In the short term free floating ... will not fully dissipate inflationary
> pressure, although it would significantly do so," Greenspan told an
> investment conference in Jeddah, Saudi Arabia's second-largest city.
>

#132 cwd

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Posted 27 February 2008 - 04:26 PM

No wonder gold is at ATHs. ;)

Kohn Says Fed Weighs Need for More Rate Cuts

By Jim Brumm
Reuters
Tuesday, February 26, 2008

http://www.reuters.c...636487720080226

WILMINGTON, North Carolina -- A top Federal Reserve official said on Tuesday that a weakened U.S. economy was a bigger worry than higher inflation, suggesting a willingness to lower interest rates further as the central bank tackles "difficult times."

"I do not expect the recent elevated inflation rates to persist," Fed Vice Chairman Donald Kohn told business school students at the University of North Carolina at Wilmington.

"In my view, the adverse dynamics of the financial markets and the economy have presented the greater threat to economic welfare in the United States," he said.

#133 beardrech

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Posted 27 February 2008 - 04:29 PM

BD, not knowing your composing process, I would suggest a possible simple solution.  When you finish writing and before you try to post it, highlight all your text, then RIGHT CLICK and select COPY.  If the post is subsequently lost, start a new one and put the cursur into the tablet area, RIGHT CLICK again and select PASTE from the menu.  Your opus should again appear before your eyes.  Hope this helps.

View Post


Speak

Thank you........at the next post Ill use what you suggest...

Furhtermore ,Ill be extra careful and make sure to positiion my White Cane properly...I cant believe my growing decrepituede....

I instructed my wife to cover all our mirrrors in Dark drapes as a reminder of my mortality...

Good luck to me on my next post which,by the way, will be written
in pidjin Polish, so that if it vaporises again, noone ,least of all me, will be disappointed , because of the text's intrinsic unintelligibilty,

beardrech :ph34r: :ph34r:My narcissistic credo: If I cant enjoy it--Why should anyone else...Ive even writtten my congressman (soon to morph into a woman) to make sure the next military budget includes spite weaponry---you know what i mean of course--ballistic missilery for targets such as Club Med,Hawaii,Pago Pago,Tahiti and other trouble spots rubbing our nerve endingd raw...

#134 I_Am_Madness

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Posted 27 February 2008 - 04:29 PM

There goes C...HOD.
Watch the BKX.
Stop the Madness

#135 Lemur

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Posted 27 February 2008 - 04:30 PM

T-Bills are not promises to deliver gold, silver, platinum, wheat, corn, soybeans, oats, crude oil, or anything else

they are not even a promise to provide a certain number of man-hours of labor

they are simply a promise to deliver a certain number of Dollars

Dollars

which can be created from thin air, in unlimited quantity, at zero cost, only by the U.S.

the Dollars do NOT have to be "borrowed", they can be printed

the U.S. has no debt problem

the BagHolders have a problem

I say let's just print enough dollars to pay off all the debt right now and be done with it

then print another million per person and direct deposit it

that way we're all debt-free millionaires

can't believe nobody thought of this before

View Post



Hilarious shorty.

The scary thing is this has been thought of and tried many times before under different guises. Zimbabwe, Uganda, Turkey, Argentina, Weimar.

Have a read of Fed Vice Chairman Donald Kohn’s speech from Monday

“I expect the run-up in headline inflation to be reversed and core inflation to edge lower over the next few years. This projection assumes that energy and other commodity prices will level out, as suggested by the futures markets. Moreover, greater slack in the economy should reduce pressure on prices and wages. Despite high resource utilization over the past couple of years and periods of elevated headline inflation, labor cost increases have remained quite moderate, and inflation expectations remain reasonably well anchored.”





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