approaching the 80 usd. about +10%.
- #10,801
- Sep 24, 2010 2:51pm Sep 24, 2010 2:51pm
- | Commercial User | Joined May 2007 | 7,685 Posts
- #10,804
- Sep 25, 2010 6:49am Sep 25, 2010 6:49am
- Joined Apr 2008 | Status: Trader | 9,414 Posts
For those of you that subscribe to the forum and/or newsletter - it won't be coming out until late tonight, as I am taking the boys to the Ohio Renaissance Festival.
After all, it's Barbarian Day!
How r u doing? Hope a great.
Next few weeks will b Hot
Question:
When PA going up and touch fib 618 retrace down to fib 50 or under it ?
What mostly u c about this case?
- #10,805
- Sep 25, 2010 9:03am Sep 25, 2010 9:03am
- Joined May 2009 | Status: step into liquid | 3,460 Posts
- #10,806
- Sep 25, 2010 1:11pm Sep 25, 2010 1:11pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Hi Chris
How r u doing? Hope a great.
Next few weeks will b Hot
Question:
When PA going up and touch fib 618 retrace down to fib 50 or under it ?
What mostly u c about this case?
- #10,808
- Sep 25, 2010 2:45pm Sep 25, 2010 2:45pm
- Joined May 2009 | Status: step into liquid | 3,460 Posts
- #10,810
- Sep 25, 2010 8:06pm Sep 25, 2010 8:06pm
- Joined May 2009 | Status: step into liquid | 3,460 Posts
Sounds like the "Breakfast of Champions!"
And damnit I was just thinking of buying a jeep grand cherokee!
- #10,811
- Sep 26, 2010 11:26am Sep 26, 2010 11:26am
- | Joined Apr 2009 | Status: temporarily correct | 1,757 Posts
Hey Chris,
I love your newsletter. It always says all the stuff I'm thinking, only eloquently.
I was pretty amazed reading about the resecuritization of toxic assets held by those CU's and backing them with the "full faith and credit of the US"
Christ! What isn't guaranteed by the USG anymore? Which will they run out of first, faith or credit?
And QE 2? The fed is not in charge of the money supply. They cannot create inflation without the aid of the banks. The fed can adjust the monetary base, but after that the bankers choose weather or not to loan it, creating velocity. Japan proves just how little contol the CB has, they tried to print they way out of their mess, but where did the money go? The bankers loaned it to foreighners, reducing domestic velocity, and driving up demand for the yen.
Unless the fed can force banks to lend locally, they're out of bullets.
I don't have any prognostications, but the question of weather or not this is sustainable is one few seem to be asking.
Forgive my "stream of consciousness'....LOL...I'm killing time at a coffee shop in Seattle (I think I've been over-served).
I love your newsletter. It always says all the stuff I'm thinking, only eloquently
.I was pretty amazed reading about the resecuritization of toxic assets held by those CU's and backing them with the "full faith and credit of the US"
Christ! What isn't guaranteed by the USG anymore? Which will they run out of first, faith or credit?
And QE 2? The fed is not in charge of the money supply. They cannot create inflation without the aid of the banks. The fed can adjust the monetary base, but after that the bankers choose weather or not to loan it, creating velocity. Japan proves just how little contol the CB has, they tried to print they way out of their mess, but where did the money go? The bankers loaned it to foreighners, reducing domestic velocity, and driving up demand for the yen.
Unless the fed can force banks to lend locally, they're out of bullets.
I don't have any prognostications, but the question of weather or not this is sustainable is one few seem to be asking.
Forgive my "stream of consciousness'....LOL...I'm killing time at a coffee shop in Seattle (I think I've been over-served
).
- #10,812
- Sep 26, 2010 1:12pm Sep 26, 2010 1:12pm
- | Commercial User | Joined May 2007 | 7,685 Posts
Hey Chris,
I love your newsletter. It always says all the stuff I'm thinking, only eloquently
I was pretty amazed reading about the resecuritization of toxic assets held by those CU's and backing them with the "full faith and credit of the US"
Christ! What isn't guaranteed by the USG anymore? Which will they run out of first, faith or credit?
And QE 2? The fed is not in charge of the money supply. They cannot create inflation without the aid of the banks. The fed can adjust the monetary base, but after that the bankers choose weather...
Very well put.
Velocity of money is something that most people don't understand.
The fact that you give banks cheap money doesn't fix anything unless they get it moving! Two problems can arise, and they create the same issues.
- Banks stop lending, and crank up lending requirements. (Not a bad thing in the big picture, but it slows things down.)
- People don't want loans.
I think we have both going on at the moment. And now Congress is considering adding tariffs on Chinese goods or currency. Great. Nothing like the 30's at all. Idiots.
- #10,815
- Sep 27, 2010 4:34am Sep 27, 2010 4:34am
- | Commercial User | Joined May 2007 | 7,685 Posts
A very special thank you to all of you.......
This thread has hit the 1 million view mark.
This thread has hit the 1 million view mark.
- #10,816
- Sep 27, 2010 4:41am Sep 27, 2010 4:41am
- Joined May 2009 | Status: step into liquid | 3,460 Posts
A very special thank you to all of you.......
This thread has hit the 1 million view mark.
