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COMMENTS:
Voted : somewhat serious, a la great depression
It's good to be a banker these days. Mazel Tov!
yeah, keep putting $ into the economy, that's exactly what we need here.
After the america's poor (Bush supporters) suddenly realize that their chinese made walmart products suddenly cost twice as much as last week, we will finally have a move toward impeachment.
of course by then, they will have cashed in their chips and converted their $ into swiss francs.
by LCD on Fri Aug 10, 07 9:40am
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yeah I was right. it lasted about 5 min.
all the institutional sellers will be cashing out before the weekend.
I wonder if they are going to announce emergency rate cut, followed by hyperinflationary rate increase to prop up the dollar.
nah, invade iran, and all problem will be solved. watch.
by LCD on Fri Aug 10, 07 9:49am
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Voted : you've got the facts wrong
lcd, this is a worldwide issue and not a u.s issue. not sure where you're getting the news. the ecb injected billions of cash yesterday, asian banks have been doing the same. the fed did not and cannot do "worldwide intervention."
first of all, if you don't realize that we don't "print more money," you gotta be getting your info. from sesame street
when you have the actutal facts, lets chat bud.
"all the institutional sellers will be cashing out before the weekend."
what? dude, what are you talking about? the ii's are only halting their investments in subprime lenders globally. this is a global issue with global credit and isn't limited to any coutry. the u.k subprime lender market is in even worse shape. what the ii's are doing is suspending further investment into these subprime lenders because they couldn't sell the debt, so are left holding them. the cash inflow is to cover the amounts that were withdrawn from the funds -- which is why withdrawl from the funds invested in the subprime lenders is being temporarily suspended.
please don't watch your local news anchor for this news.
hey dude, don't take everything I say literally.
I say "printing money" as a metaphor for "liquidity injection" by fed. I know that US doesn't "control" the banks in other countries, despite what some conspiracy theorist may believe. I didn't say they controlled it, they did however did the same that US did for the last 2 days.
by LCD on Fri Aug 10, 07 11:37am
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hehe, I learned a lot more from Sesame Street than any of my econ class in college.
by LCD on Fri Aug 10, 07 11:42am
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^ you can lear alot from big bird and the cookie monster. but for the record, the ecb begain pumping billions into the system. i think they've put in someting like $150 bil so far. it's only natural that on the advice of big bird, all other markets will follow suit.
$38 bil today by US fed. 3x in one day.
last time they tried that was 9-11?
isn't that really bailing out the banks? I would have loved the government to step in and increase my credit limit on my visa to $500k when I got sick and hospitalized without insurance - but I don't think that's gonna happen any tjime soon
by LCD on Fri Aug 10, 07 11:57am
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no it's not bailing out the banks. the money is coming from the federal reserve banks. it's to keep the liquid and make sure there is enough cash in the market. this is all about the credit market. huge amounts of money are made on issuing credit and then selling that debt. trust me you're not going to be able to discuss it on here since it's more complex than anyone can imagine.
you should do a search on the russian debt default crisis and the one in argentina. markets have them all the time, just not this fast and to this extent.
I would have loved the government to step in and increase my credit limit on my visa to $500k when I got sick and hospitalized without insurance
^ there are company's that would do that. but you need cash to keep the entire worldwide market going. right now people are selling their stocks, companies around the world are suspending some investments and people are pulling their money out of the banks. so you need to have the influx of cash. it's always been part of the process. imagine what would happen if around the world people went to get money and the banks said 'sorry dude, we ain't got no cash." that would be catastrophic.
Voted : not serious, just a blip
just another scam, there seems to be a new one every 5 years
by ABC on Fri Aug 10, 07 4:56pm
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