Auslanco - GBP/JPY and GBP/USD (newstrade)

Paulson is scared to come out, lol

Yep, the Antarctic Dollar

tell me about it.... my real job is messed up, no new orders at all, this country is sinking down as we are tied with the USD... i see alot of people here out on cash, even those who are trading are getting hit bad (married to their positions of course)... but oh well, it's just like an arabic saying: people's misfortunes are others' furtunes...

مصائب قوم عند قوم فوائد

The end result of the global economic slowdown may be the U.S. announcing national bankruptcy as the government cannot afford the bailouts that it promised and the market will not bail out the government, Martin Hennecke, senior manager of private clients at Tyche, told CNBC on Thursday.


"We expect a depression in the United States. We expect a depression, very possibly, also in Europe," Hennecke said on "Worldwide Exchange."

The estimated $300 billion cost of the Fannie/Freddie bailout will probably be considered as a loss that the government will have to take, therefore passing it on to taxpayers, he explained.
"We already have $3 trillion of debt, as far as the U.S. government is concerned. These debt figures across the U.S. economy are rising very sharply."
When the government can no longer pass the United States' "immense debt" on to taxpayers, it will turn to the holders of U.S. dollars, leading to the eventual downfall of the currency, Hennecke said.
"Definitely, it (the dollar) is not a safe place to be invested in, as real inflation is closer to 10 or 11 percent than the actual inflation numbers given by the U.S. government," Hennecke said on "Worldwide Exchange".


Investors should avoid exposure to debt and stay away from leveraging on any investment or asset, including property, Hennecke advised, adding that "banks have been too highly leveraged in the past, private households, everybody."
Hennecke's stock allocations are mainly Asian-based, especially in the Chinese market as the country's government has a large amount of cash and the macroeconomics are fundamentally strong.
He also suggested investing in gold, despite the recent fall in price.


That explains why paulson cancel the meeting at 10:00am!!

http://www.cnbc.com/id/26656750

Government bailout is back on the table for AIG

CNBC reporting

Hope everyone caught that spike, that was beautiful

Now that was SOME SPIKE up on gbpjpy!

The 1 hr Gann ready to break upward..

feeling happy when greedy brokers/banks lose money is fun
but being happy when people lose jobs for no fault of theirs is definitely sick

we r happy becoz we make money when the gy tumbles, jobless'ill definitely get jobs

Nice rumor...

Man that option for UJ @ 104.90 for 500 million $ got hit! I wonder if the next strike gets hit (106)

I don't know the outcome yet, but they are having a meeting right now.

Hearing there is now an 86% chance of a 25 bp cut today at 2.15 pm. My recollection is that that % was close to zero as late as last week

this with a rate cut could change things .. i might be out for a while .. I hate when things get crazy ..

I agree with that. I feel bad for the Lehman employees. Some good buddies of mine.

Like Soros said 'Do the opposite of what markets expect'. Somehow this has been holding true lately for quite some time.

USGovtdiscussing bail out for AIG

4hr 5sma retracement