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| User Info | Potential Economic Seizure DEAD AHEAD in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.denninger.net/archi....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-10 07:50:57
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Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey
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KD - you have been so right all the way down the line. Finally now people are waking up. Now shipping is shutting down. Markets are being destroyed. I'm getting on the phone again to Congress at 9:00. But I don't hold out much hope that our elected idiots will make the right decision. Thanks for all of your efforts! ---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2008-10-10 08:16:49
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Fatso Posts: 1764 Incept: 2008-02-03 
Roll on up, gonna roll back down
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When absence of credit hits the truckers and there's food shortages, that will be a moment of awakening for J6P.
---------- The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate. - Tickerfan
2008-10-10 08:29:17
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Joe Posts: 716 Incept: 2008-06-18 Boston, MA Online
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If the president has any scruples, he goes on TV this morning and lays it all on the table. We must know which economic body parts to severe to save the whole. His legacy is shot at this point, so what's to lose, time to perform surgery. No more bull****.
2008-10-10 08:44:25
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Ursamajor Posts: 318 Incept: 2008-01-23 The Empire State
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What we need now is TRUTH. Truth in balance sheets. Enough playing "hide the bags of **** and hope they'll go away". Time for everyone to show their hands and literally let the chips fall where they may. It's the only way to restore trust. And about the only thing you won't hear from the mainstream media.
2008-10-10 09:39:20
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Growngfree Posts: 230 Incept: 2008-03-17
Mid Atlantic
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Loan isn't made if ability to pay back is in question...exactly why "heads" are pumping Treasuries, and exactly why I won't buy them. Whatever they sell hard I run from. Good stuff doesn't need promotion.
---------- Hope is never lost
2008-10-10 10:52:22
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Updated to note that there is no OMO for the last 2 days, and The Fed has ZERO treasuries and Agencies on its books. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-10 11:02:56
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Francisco Posts: 1311 Incept: 2007-07-27 
State of Jefferson, USA
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One small piece of good news: CNBS reported that JPM's Jaime Dimon issued a public statement opposing any relaxation of mark-to-market rules. He understands that removing transparancy would further damage the markets.
---------- "We have met the enemy, and he is us." —Pogo
2008-10-10 11:03:57
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Blackswan Posts: 3602 Incept: 2007-11-06
Ponzi Roller Coaster Online
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KD - So all that is left on the FEDs books is toxic **** sandwiches? (If they have collateral at all?) Sorry just re-read it. WTF!? ---------- Last modified:
2008-10-10 11:42:54 by blackswan
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Go look. What they have in Repo is right there. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-10 11:41:36
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Aja Posts: 2209 Incept: 2008-03-19
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Correct me if I'm wrong, but this has never happened before. They've squandered all the Ts that it took them 100 yrs to accumulate? Question - do we know whether any other developed country's CB is 100% crap too?
2008-10-10 12:14:49
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Ksfq Posts: 1017 Incept: 2007-07-11
California
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The problem here is that trust can be destroyed very fast, while it needs long time to be rebuilt. Now the trust is gone - and there is no quick fix to reestablish it. I think the very first step is to acknowledge the problem. I was hoping that Bush will say something about core of the problem.
2008-10-10 12:29:27
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Fatso Posts: 1764 Incept: 2008-02-03
Roll on up, gonna roll back down
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CNBC is asking for people to call/write in with suggestions of who should come on and present their plan to fix things. This is what I just sent to PowerLunch@CNBC.com: Quote:
---------- The most defining theme, and overriding purpose, of the U.S. Constitution is to limit the power of the federal government. Over that, there can be no historical, or textual, debate. - Tickerfan
2008-10-10 12:32:38
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J6p Posts: 1591 Incept: 2008-10-07
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I made a thread in breaking about it just a minute ago. Someone linked the video and another said he contacted.
---------- "Master your past in the present, or your past will master your future" -weirdchina
2008-10-10 13:37:43
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Av8rphil Posts: 1817 Incept: 2007-06-26
Platte City, MO
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Add to the PowerLunch: He was already on MSNBC. He is a very intelligent trader that even the people at Minyanville quote. ---------- "Two things in life are infinite: the universe and human stupidity; and i'm not sure about the universe" -Einstein
2008-10-10 15:27:58
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Neverfox Posts: 21 Incept: 2008-09-25
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So given what you are saying, what's the response to articles like this that say all indicators, from Federal Reserve statistics to anecdotal evidence from local bankers and auto dealers, confirm that ample money is available to people with good credit and/or collateral. http://www.independent.org/blog/?p=255 Can someone here can explain what's missing from his analysis or are we getting ahead of ourselves?
2008-10-10 16:41:35
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Sure. You can figure out if I am a good credit risk Never. Now how do you figure out if a financial company is a good credit risk when their balance sheet is full of bull****? ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-10 17:26:07
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Mmadeel Posts: 48 Incept: 2008-03-07 Michigan
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Are we still gonna crash and burn or did the fire get doused a little bit today?
2008-10-10 17:34:35
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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What, that wasn't a crash?!  Uh, its called a bear-market rally, and we're due for one. Then more crash. Nothing goes in a straight line and "they" know full well that if the G7 doesn't pop up with some sort of rabbit we will blow wide and loud Monday. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-10 17:35:54
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Mtgspy Posts: 6122 Incept: 2007-10-27
Online
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You guys completely j6p-ish when trading, it used to take weeks for those bear market rallies, it now takes minutes to complete, top off, and voila monday you may see what that last 5 minutes of dow component selling will do to your account if you go long. hehehehe.
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-10-10 17:39:11
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Meatpuddle Posts: 630 Incept: 2007-07-26
Madame Merriweather's Mudhut Malaysia
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Uh-Oh, Italy's out of the G7 draft... http://calculatedrisk.blogspot.com/2008/.... ---------- "the idea that you're "entitled" to a 5 or 6 percent 30 year mortgage is horse****, and so is the housing prices that it has created." - Genesis
2008-10-10 17:52:57
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Slartibartfast Posts: 2454 Incept: 2007-12-04
San Francisco
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Bully for them. ---------- Cthulhu R'yleh Goldman Sachs
2008-10-10 18:09:23
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Bluebird Posts: 524 Incept: 2008-05-02
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Isn't Monday a holiday for Columbus Day?
2008-10-10 18:15:14
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Stock market is open, banks are closed. ---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2008-10-10 18:23:00
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Market-shaker Posts: 695 Incept: 2007-08-24
California
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People looking for a circuit breaker to trip to recognize it as a crash. We definitely had multiple small crashes this week equal to a big crash.
2008-10-10 18:58:52
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