You're witnessing it in real time. Nothing the Fed can do after rates go to Zero. The market knows it, as well. This is a broken economy, broken...
On Friday the US futures sunk down lock-limit. Asia was crashing. You didn't cut rates. The US markets actually rose from their open but still...
HSI down 8%. This is getting ridiculous.
Does anyone take Bernanke seriously anymore? Greenspan, Volker, these guys would at least be trying to cut rates his morning. Paulson lost his...
How predictable. Do you think these economic officials will learn NOT to make special speeches when they've lost credibility? What an ego this guy...
It's here fellas. The crash is here. We are losing more than 10% by close. This is forced liquidation.
His decision to not cut rates, and instead release a PR item that's incomprehensible to the average person with a 401k account was a huge error....
euro gaps down to 1.3665 as the FX markets open. wash, rinse, repeat. bad for equities and commodities, too!
awfully quiet around here when it comes to that subject.
now going to electronic vote
That's all she wrote folks. Bear market in stocks is over.
markets about to breach lows. didn't save the stock mkt, just spent 1Trillion and loaded a bill with pork. FU senators. The American public was...
Look at the rise in the Euro and the simultaneous stall of the rally. If you want to stop a crash you need to devalue the currency now. rate...
Fed printing money like no tomorrow + treasury wants to spend a 700B of money we don't have. One might think physical gold would go parabolic....
The smart guys I know who made big bucks did so at hedge funds - not ibanks - and were applied math majors who never went to grad school. They...
Is the media.
Suprised me. Good for our reps. They listened to us.
There will be a few Dems and a lot of Repubs that vote against this one. Intrade contract for whether the bill succeeds is trading at 20 out of...
Is Lehman Next? From the WSJ on JPMorgan and Bear Stearns: J.P. Morgan Rescues Bear Stearns Meanwhile, worries are deepening that other...
...and thank god we have george bush on the other end to make us feel at ease when paulson and bernanke call him.
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