Posted on 11/26/2007 1:16:47 PM PST by Moonman62
That’s funny;no insult intended but.........
How many of us do you really think are old enough to know what the “Dow Theory” is?
I dunno, maybe you’re right; maybe there’s a lot of elders on here.
Anybody have an idea how long this is going to last. The housing market is in a free fall. Not sure if I’ve seen it bad in 20 years.
Pray for W and Our Troops
Question here: “let the market work out it’s subprime excesses”?
As I’m seeing it, it’s not the “market” that’s working this out, it’s the Banks isn’t it? So............the market follows the Banks down the shitter, not the other way around. I guess what I’m hinting at here is that it’s beyond the markets, it’s driving the markets isn’t it?
If what you say is true, then the current real estate market action means that we just settled and subdivided Jupiter.
“Time for the Fed Chairman to get those rates down to 3.75%!”
Wrong direction, low rates is what caused the current problems.
The bond action was quite odd, extending all the way to the 30-yr, and started about 1pm’is NY time, with half the gain being in the last half hour or so of bond trading. I could not find any explanation, even talking with a fund manager who are in touch with the treasury market happenings and events.
The odd thing is that bond action extended into the 30-yr, which IIRC did not have this sharp a move downward in auctust on any one (or even 2 days) day. The major action then was into 30-day/90-day notes.
Presumably there has been an ‘event’ somewhere which will become evident later, but for now I am open to suggestion on the cause of the abnormal move in bonds today.
I'm reading that it's regarded as smoke and mirrors, and I think the big negative is it will give an excuse for the Fed and the administration to sit on the sidelines and watch everything fail.
“auctust “
August
“The odd thing is that bond action extended into the 30-yr, which IIRC did not have this sharp a move downward in auctust on any one”
meaning yields, looking at a yield chart, thinking equities, sigh...
No, it’s primarily the dumbasses that created the derivatives on the loans and didn’t understand what’d happen if the market went against them, unfortunately.
There is also some risk to the banking system which is being factored in too, I’m sure. But it wouldn’t be quite as scary if the derivative factor wasn’t a part of it. That’s my take on it.
I was surprised that it took so long. The credit market news was bad all day long. Perhaps it took awhile for the big shots to get back from Thanksgiving vacation.
20 Jan 09
I do believe we have to hold fast and let the market work it out. If government gets involved we will have a recession.
“If government gets involved we will have a recession.”
I have zero doubt that the Fed is actively involved in this ongoing issue.
Cut taxes and the resulting economic growth will take care of most of these problems.
Please explain
The Congress, such as it is, is equally clueless and yet desires to “do something!” and everything they’ve proposed to date would make the problems only worse.
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I’m puzzled myself as to what could be done ,, the only thing I see that doesn’t cut both ways is to fire up the growth engine with huge tax cuts and a reduction in gov’t regulation... in other words it’s time for Bush to acknowledge the problems and start proposing real reforms, coming from him they will be poo-poo’d because of his lack of credibility as a conservative but it’ll drive our candidates in the right direction.
Bond prices increased today.
yitbos
“”Bond yields also cratered today. “
Bond prices increased today.
yitbos”
or to put it another way, Bond Yields cratered today and Bond Prices flew.
While there actually is a Granville County in North Carolina, you're somewhat in error. Lord Granville was Proprietor of the Granville District, which covered many counties. There was a lot of what you describe going around NC in the decade prior to the Revolution. Look up the Regulator War for more information. Quite a few former Regulators ended up in Texas.
Crazy weak dollar, incredibly strong us 30 yr, paint me a bit confused.
The thing with HSBC, how on earth is that legal? Assets go from the balance sheet, off the balance sheet, back onto the balance sheet? Wouldn’t some call that theft?
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