I somehow thought you wouldn't understand, feckless one. Definitely adding you to the idiot's list (ignore). But keep on with your clueless rants. ET needs the comic relief. It is obvious you never read your stuff, or you would jump out the window from embarrassment...
Really now? Is this why the rate on 1-month T Bills just went negative? No panic? You need a reality check my friend.
I don't know about what is going to happen long term but i definetly know that the major indexes and all stocks will be up the next couple days.
would have expected gold to mirror this move (to the upside, though). But it didn't. Not like the other day.
Yes, I saw that. But rates only dropped by about 1%. Just because a few panic through a crowed door doesn't mean there is a general panic. I think there is still LOTS of complacency.... waaaayyyy more than is justified.
The only complacency that I see is in CONGRESS, who once again did nothing other than play the BLAME game today.
gnome, I agree with you in one sense but I don't think this is part of a "master plan." What you are witnessing is chronic incompetence that is inherent to all governmental bodies. In the long run, Governments simply cannot act in the best interests of the people. It's surprising this government made it 200+ years and arguably, they didn't even make it that long. No one is hiding behind closed doors in Washington trying to draw up plans on how to fleece America. It's just an evolutionary process that's a direct result of the human curse. We all want power and we all suffer from greed. There is a reason our founding fathers wanted a small form of government with limited power. Now we have a large form of government with near unlimited power. It will get worse before it gets better. GWB is on video stating he wishes the US was a dictatorship with him the dictator. When that starts coming out of our leaders mouths we are in big trouble. Thomas Jefferson is turning in his grave......
Notice no senator/congressman is asking the real questions any good trader would ask: 1 Why not suspend M2M accounting for the banks - so they themselves can do what Paulson wants to do - hold assets to maturity? 2 Why not create a CDS clearinghouse ASAP? 3 Why not offer any bank in trouble the same "help" we offered AIG and Buffet offered GS - basically act as a loanshark so the bank has a powerful incentive to get their act together ASAP.
Heh, that's the possessive apostrophe /s/ you used there [Who's list?]. Comedy gold and reeks of delicious irony, considering your third paragraph. (don't jump, anonymous internet weirdos aren't worth it)
oops meant to say billion. Today was very productive look to see a bill passed by the end of next week resembling something out of a coloring book .