tag:blogger.com,1999:blog-4921988708619968880.post8742182641112005862..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, March 11 2008Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger30125tag:blogger.com,1999:blog-4921988708619968880.post-79143325326670278502008-03-12T10:50:00.000-04:002008-03-12T10:50:00.000-04:00Tenthousandmilemargin,Thanks for the elucidation, ...Tenthousandmilemargin,<BR/><BR/>Thanks for the elucidation, I will have to watch for <I> backward looking statements </I> as well as the forwards ones from now on:)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27272019194643953202008-03-12T09:36:00.000-04:002008-03-12T09:36:00.000-04:00Transat Financial results http://tinyurl.com/3bpya...Transat Financial results <BR/><BR/>http://tinyurl.com/3bpya5<BR/><BR/>“As tour operators fight for market share and respond to solid demand by adding capacity, selling prices are pressured, and so are our margins,” Transat president and chief executive officer Jean-Marc Eustache said in a news release.<BR/>Transat A.T. Inc. flew into heavy competition and another big writedown on its holdings ofAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41082348141256117762008-03-12T08:32:00.000-04:002008-03-12T08:32:00.000-04:00"DOW Climbs 416 points"YAWN* These sorts of rallie...<B>"DOW Climbs 416 points"</B><BR/>YAWN* These sorts of rallies are typical of a bear market. If you look at the last 20 times the DOW has risen by 3% or more in a single day I think you will find that these events were all within the context of an unfolding bear market.<BR/><BR/><I>Ilargi no need to close down the blogspot just yet.</I><BR/><BR/>Regards,<BR/><BR/>JohnAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-51131777766557855732008-03-12T05:44:00.000-04:002008-03-12T05:44:00.000-04:00Ilargi, Stoneleigh:Here's an idea regarding commod...Ilargi, Stoneleigh:<BR/><BR/>Here's an idea regarding commodity prices:<BR/><BR/>Debt deflation causes the price of essentials to rise (measured in the currency where most of the debt deflation is occurring).<BR/><BR/>It goes like this:<BR/><BR/>1) Banks post big losses<BR/>2) Credit dries up<BR/>3) Fed cuts rates<BR/>4) US dollar is sold off based on expectations of a recession<BR/>5) Falling Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-71360141130597495682008-03-12T05:12:00.000-04:002008-03-12T05:12:00.000-04:00CrystalRadio:If you read Karl's blog from the day ...CrystalRadio:<BR/><BR/>If you read Karl's blog from the day before you'll see he interpreted the rise in the dollar as a market realisation that the Fed isn't going to monetarize (you know he loves to push that barrow).<BR/>Presumably because the $200 billion action doesn't actually add any money, just improves quality of collateral.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-54581328929621929642008-03-12T01:29:00.000-04:002008-03-12T01:29:00.000-04:00What is with people getting paper "cash"? That is ...What is with people getting paper "cash"? That is fiat, subject to devaluation.<BR/><BR/> Keep enough fiat around to last you a month or two and the rest in gold and silver. Here in the U.S. that means old coins which are still officially currency. I agree re: safe deposit boxes - they'll do like 1933, where a treasury agent helped you open yours every time you went to the bank..https://www.blogger.com/profile/03915219261001181341noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-53962728482290207042008-03-12T00:36:00.000-04:002008-03-12T00:36:00.000-04:00Oops meant to add link for those who may not be f...Oops meant to add <A HREF="http://market-ticker.denninger.net" REL="nofollow"/> link for those who may not be familiar with it.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-28399215403762891052008-03-12T00:13:00.000-04:002008-03-12T00:13:00.000-04:00ilargi,Just was reading the Market Ticker and read...ilargi,<BR/><BR/>Just was reading the Market <BR/>Ticker and read this:<BR/><BR/><BR/>THE FX MARKETS "GOT IT" IMMEDIATELY BUT NOBODY ELSE DID!<BR/><BR/>Maybe they got it but all I can get is that the Dollar, both US and Canadian, were up, against the Euro. So label me blind and staggering but what is to get? Would that be unexpected or is there something else coded there?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-5459445446096753702008-03-11T22:08:00.000-04:002008-03-11T22:08:00.000-04:00Ilargi: Maybe we should close this blog now?Sure y...<I>Ilargi: Maybe we should close this blog now?</I><BR/><BR/>Sure you will ... just when it's getting interesting! ;)<BR/><BR/>Seriously, I never thought I would find finance more exciting than my mother found the radio soap "The Edge of Night' . It even comes complete, along with a 400 point rocket off a YTD roller coaster ride, dragging a white knight crusader for market integrity through a Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-68161537731126939222008-03-11T21:46:00.000-04:002008-03-11T21:46:00.000-04:00"The Federal Reserve and other leading central ban..."The Federal Reserve and other leading central banks doubled to more than $400 billion the amount of money they're willing to lend to banks and bond dealers..."<BR/><BR/>AND<BR/><BR/>"Dow Climbs 416.66 for Its Biggest Gain in Over 5 Years"<BR/><BR/>AND<BR/><BR/>"Ilargi: Maybe we should close this blog now?"<BR/><BR/>- Looks to me like today's market run up cost nearly $1 billion per point. Close Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30970070712297508902008-03-11T20:56:00.000-04:002008-03-11T20:56:00.000-04:00Worrying about what to do with my money seems kind...Worrying about what to do with my money seems kind of pathetic when I read figures of billions, trillions, war in Iran...however now that I've decided to get out of my meagre investments I'll sleep to-night. I've had a knot in my stomach since last August when my intuition sensed a paradigm shift. Scandia( formerly posting as anonymous)scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-49525894663474751652008-03-11T19:57:00.000-04:002008-03-11T19:57:00.000-04:00Whoa, new addition, markets way up. So, markets go...Whoa, new addition, markets way up. So, markets gonna have a proportional crash tomorrow, or are we going to see BAU for a week or so? Purely for entertainment purposes, of course. I know I'm not putting my money in anything, regardless.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-3904365808046078152008-03-11T19:41:00.000-04:002008-03-11T19:41:00.000-04:00Stereotypes are such fun, aren't they?If you revie...Stereotypes are such fun, aren't they?<BR/><BR/>If you review the election history of those farmers and miners in West Virginia, you will discover that they have traditionally been union/Democrat voters. They moved to the Republican column under Ronald Reagan as the culmination of a revolt against the Democratic party whoring itself out to the far left in the 1960s.<BR/><BR/>Those same voters areGreyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-27472915372329904722008-03-11T19:32:00.000-04:002008-03-11T19:32:00.000-04:00Hello,Well, well. This is becoming positively cosy...Hello,<BR/><BR/>Well, well. This is becoming positively cosy, all these Europeans running around.<BR/><BR/>Here I thought I had latched onto some good, solid Canadians and then, in a single evening, ...<BR/><BR/>All banter mind you, but it is still funny how, even to some small degree, we are influenced by the perceived origin of the speaker/writer.<BR/><BR/>How did you all find yourselves at TODAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-86544668375629237582008-03-11T19:17:00.000-04:002008-03-11T19:17:00.000-04:00greyzone sayeth:"If we get a war right now, it wil...greyzone sayeth:<BR/>"If we get a war right now, it will be far too convenient. If we get a terrorist incident in the next few months that leads to war with Iran or Syria, there is no way I will be able to credibly believe that the US government is not in some way directly involved."<BR/><BR/>Exactly, greyzone.<BR/><BR/>But this is also true:<BR/>Sometimes I drive across town in the evenings, andThe Lizardhttps://www.blogger.com/profile/12044779666881689690noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-12721405525516356222008-03-11T17:28:00.000-04:002008-03-11T17:28:00.000-04:00To ilargi and Stoneleigh:We are playing psyops gam...To ilargi and Stoneleigh:<BR/><BR/>We are playing psyops games now. Markets are never pure data and economics is not a real science. Economics is, at best, an art form, and at worst, a creative way to lie.<BR/><BR/>Consequently, given homo sapiens predisposition towards optimism, any manufactured events that can prop up the optimism while downplaying the cold hard facts will be attempted. The Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-41472458034473626542008-03-11T17:20:00.000-04:002008-03-11T17:20:00.000-04:00Admiral Fallon ResignsCheney headed to Mideast.Ric...<A HREF="http://www.google.com/url?sa=t&ct=res&cd=4&url=http%3A%2F%2Fwww.cnn.com%2F2008%2FWORLD%2Fmeast%2F03%2F11%2Ffallon.resigns%2F&ei=6PXWR9DSEYy4iAGA0YFe&usg=AFQjCNHavKVQxT5ZWUTGgTAJStYHWWAGuA&sig2=MtOH9gv5EEc0zUnn8R6eZA" REL="nofollow">Admiral Fallon Resigns</A><BR/><BR/>Cheney headed to Mideast.<BR/><BR/>Rice in Mideast ostensibly to talk to Egypt about Palestine but according to Egyptian Greyzonehttps://www.blogger.com/profile/03675706201111951125noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-36986059867238761422008-03-11T17:11:00.000-04:002008-03-11T17:11:00.000-04:00What should I do with the cash when my investments...What should I do with the cash when my investments are cashed out? Stay in cash?scandiahttps://www.blogger.com/profile/07924260428840006237noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48712723078849303642008-03-11T16:53:00.000-04:002008-03-11T16:53:00.000-04:00Anonymous @4:16:Approx half in twenties, a quarter...Anonymous @4:16:<BR/><BR/>Approx half in twenties, a quarter in fifties and a quarter in hundreds, give or take, don't remember exactly. Then someone told me that they had seen lots of stores that don't accept hundreds or fifties due to conterfeit bills. So, when I remember, I deposit big bills and withdraw twenties at the ATM, to the max. Now, how fussy stores remain when cash is king remainsFarmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16107761301659517042008-03-11T16:38:00.000-04:002008-03-11T16:38:00.000-04:00Musashi, Iran dance on? Because Cheney is on his w...Musashi, Iran dance on? Because Cheney is on his way to the middle east?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-30143728559520295452008-03-11T16:16:00.000-04:002008-03-11T16:16:00.000-04:00Ottacontro, I should have acted sooner but didn't....Ottacontro, I should have acted sooner but didn't. However I have instructed my advisor to cash in all my investments. Not much( 15K) but all I have as a single, soon to be 65 and out of work lady. So hopefully the money will be deposited into my bank account late next week. THEN I'll go in and ask for the cash!<BR/>What denominations did you decide would be most useful?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-20305124051831819792008-03-11T16:10:00.000-04:002008-03-11T16:10:00.000-04:00MORE<A HREF="http://fieldnotes.msnbc.msn.com/archive/2008/03/11/754424.aspx" REL="nofollow">MORE</A>VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-16820409501607229942008-03-11T16:05:00.000-04:002008-03-11T16:05:00.000-04:00I guess the iran dance might be on now. LINK&...I guess the iran dance might be on now.<BR/><BR/> <BR/><BR/><A HREF="http://www.msnbc.msn.com/id/23578902" REL="nofollow">LINK </A><BR/><BR/> <BR/> VLADhttps://www.blogger.com/profile/07303463697333210934noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-4503255765471553712008-03-11T15:39:00.000-04:002008-03-11T15:39:00.000-04:00I received a brochure from my credit union last we...I received a brochure from my credit union last week and most of the articles were about how the housing slump is not happening here, and that everything is just fine... and to expect a rebound anytime. This makes me suspicious. If there is no problem, why send out this info? This also sounds like all of my family and friends who believe that the housing slump will not affect them because Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-48054669288479835982008-03-11T13:59:00.000-04:002008-03-11T13:59:00.000-04:00Just for fun, call up your local branch and tell t...Just for fun, call up your local branch and tell them you're coming to withdraw $20k in cash. Be specific about amounts and denominations. I did this in January and had to wait until late the next day to pick it up. Got a few funny looks when I showed up; got asked for lots if ID even though a couple of employees there know me pretty well. Either my local branch in a big city doesn't have $20k Farmerodhttps://www.blogger.com/profile/03492165772535123915noreply@blogger.com