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| User Info | FAIL: One Word For Them All in forum [Ticker] | |||
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Genesis Posts: 71432 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/654-FA....
---------- "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
2008-11-11 09:13:46
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Cheapkungfu Posts: 499 Incept: 2008-10-15 Central US
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Nice. The NBLHA. No Banker Left Hungry Act. I like that better.
---------- “'That speech was phenomenal, Barack,’ I told him. And I will never forget his response. Without the barest hint of braggadocio or conceit, and with what I would describe as deep humility, he said quietly: ‘I have a gift, Harry.’” - D Senator Harry Reid's 2008 autobiography The Good Fight
2008-11-11 09:15:17
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Deejunk Posts: 578 Incept: 2008-10-11 Now DC - Solar Power.
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Nothing seems to be holding the markets up - two weeks? Dunno.
---------- http://www.myvideo.de/watch/2451556/The_.... - I'm seriously ready for inflation, deflation & TOTAL collapse of the US & Global economic & market systems.. I'm the sexy blonde not in this vid but my x is the lead chichen-> http://www.youtube.com/watch?v=vdFIXsrjk....
2008-11-11 09:37:43
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Jfree Posts: 356 Incept: 2008-01-26 Left Coast
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Appreciate your efforts Karl....keep telling it like it is.
2008-11-11 09:52:17
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Paintedtape Posts: 1092 Incept: 2008-10-23 No Name City Banned
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If Obama really wanted it to fall apart under Bush, he'd threaten indictments the moment he was sworn in.
---------- The Politically Incorrect Guide to Politics: http://www.tickerforum.org/cgi-ticker/ak....
2008-11-11 09:53:43
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Aac123 Posts: 1518 Incept: 2007-09-23 
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It just keeps getting better - the Ticker that is. A damn shame only a fraction of people read your Tickers KD. It should be the daily lead story in New York TImes. I for one am greatful for them - cheers ---------- Any one of us who doesn't have a healthy fear of the unknown isn't paying attention - Bank of America's Ken Lewis
2008-11-11 10:10:32
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R2judge Posts: 302 Incept: 2008-04-13
Burbank CA
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This morning on KNX Los angeles an analyst was reported as saying that unemployment was going to rise to 9% next year in California, but that it would not rise to double digits because, get this- we didn't have double digits in 1990 when the aerospace industry dried up. So where does he get the 9% from then, since aerospace is not even a factor now? Is he going to get a surprise.
2008-11-11 10:14:45
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Viper Posts: 717 Incept: 2007-08-28 
Madison, WI
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This is just a technicality, but if I understand correctly, Obama is technically NOT President-Elect until the electoral college votes in December. If I'm wrong on that, someone please correct me. That aside, great ticker Karl. ---------- http://www.mccotterforpresident.com/ Last modified:
2008-11-11 10:24:52 by viper
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Technically, true. In reality, not a prayer in hell of the result changing. Its not even close. ---------- "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
2008-11-11 10:25:36
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Viper Posts: 717 Incept: 2007-08-28
Madison, WI
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Oh I agree, not a chance that's changing, but as an engineer, I'm a stickler for technicalities. :)
---------- http://www.mccotterforpresident.com/
2008-11-11 10:30:04
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Lemonaid Posts: 4782 Incept: 2008-01-20
Detroit Metro
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Viper, What industry? The auto industry here in Detroit is in the process of imploding. I'll most likely be looking... ---------- "There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved." Ludwig von Mises
2008-11-11 10:33:12
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Optimal Posts: 155 Incept: 2008-10-14
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I thought the increase in the Fed's balance was necessarily the result of direct monetizing... Aren't their accumulated assets simply based on the creation of money which they then buy bonds(supposedly only the best bonds) with? I had assumed all along they were basically just printing money to buy these mostly worthless assets. After reading this ticker, I'm clearly very wrong, can someone fill me in on where?
2008-11-11 10:36:58
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Its not NECESSARILY the result of monetizing. But if they're taking in assets worth 10 cents and paying 50, with no real chance of pushing them back to the issuer (e.g. doing so causes an immediate failure of the tendering party, etc) then they have effectively monetized the 40 cents. Its only a loan if you can get paid back. Think of it this way - Bernanke CLAIMS to have a 2 trillion balance sheet. What if its really only $1 trillion - the other "value" is in fact non-existant? This, by the way, is likely why Bernanke doesn't want to release the data he and the NYFed has been asked for - if those "assets" and how they're priced are identified then if that's what has been going on the game is up. ---------- "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 Last modified:
2008-11-11 10:40:06 by genesis
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Dladuca17 Posts: 1242 Incept: 2008-08-17
Online
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Good stuff
2008-11-11 10:43:54
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Shrpblnd Posts: 1169 Incept: 2007-08-06
Los Angeles, CA Online
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I don't see how the Fed is not monetizing the purchase of all these bad assets. The Fed has nearly tripled it's balance sheet. How could this happen without the Fed monetizing? Seriously, is there any other way this the Fed can continue exchanging treasuries for all this junk, when months ago several sources reported they had already shot half their wad?? Ben has undoubtedly run out of credit, and is concealing this fact as long as possible to avoid the bond market throwing a temper tantrum.
2008-11-11 10:46:39
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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Ben has Hank issuing "specials" so he doesn't have to admit to monetizing. Nonetheless, he is monetizing if he's taking securities from people he has no chance of getting the actual full value back from. He also told Congress directly he wasn't, in sworn testimony. ---------- "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
2008-11-11 10:48:05
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Bw8472 Posts: 6446 Incept: 2007-06-28
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New loan production is a shadow of it's former self, in a debt based economy, absent printing that's a very cliff like phenom. While you can't say for sure it's printing, I have a good idea it almost has to be and anyone with any knowledge of the lending market would eventually come to that conclusion. This is the Fed equivalent of don't ask don't tell. ---------- At what point then is the approach of danger to be expected? I answer, if it ever reach us, it must spring up amongst us. It cannot come from abroad. If destruction be our lot, we must ourselves be its author and finisher. As a nation of freemen, we must live through all time, or die by suicide. ~Abraham Lincoln
2008-11-11 10:58:19
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Shrpblnd Posts: 1169 Incept: 2007-08-06
Los Angeles, CA Online
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I think nearly everyone on TF recognizes that there is little to no chance of ever getting the actual full value back on these securities. The only real question is how long can Ben continue to hide this fact. Perjury is the least of his concerns at this point.
2008-11-11 10:59:51
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Dashingdwl Posts: 4564 Incept: 2007-06-26
los angeles
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What makes you think Obama knows that another stimulus package will NOT work? My prediction is that IF there is no stimulus package before 20 Jan, there will be one proposed by The One himself on 21 Jan. Trust me, he will WANT to take credit for sending money to the people. ---------- Think Green Tip.
2008-11-11 11:13:59
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M-train Posts: 94 Incept: 2008-10-17
..on the beach...
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Does anyone else here ever wonder if Gen is going to "pop a clog" whilst writing one of these? I think we should all chip in, and buy this guy a week in Tahiti. ...you know you should... Take some solace in the fact that...well, ****-knows how bad this mess would be if my bunch were running things. I mean Kevin Rudd and Wayne Swan...Jesus Wept!!! Gen, a question for you: I read some smart money thinks there is a flush in Nov, then a multi-month rally into the New Year. There is a popular view, broadly based on a 15-year chart pattern, that calls 2012 the "BUY". Do you concur? If not, what is your "BROAD STROKES" call? ---------- No posts made by this subscriber are advice, OK.
2008-11-11 11:18:17
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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2012? Maybe. But we could easily be at SPX 150 then. Yes, I said 150, and I meant it. As for the flush then rally, that's the "conventional wisdom"; I'm not buying what they're selling - yet. The thing is this - if we retest 825 and it holds, yes, it will generate a tremendous bounce and more than a few mouth-breathers (and retail) buying what will prove to be a false bottom. ---------- "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
2008-11-11 11:20:22
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Mtgspy Posts: 6121 Incept: 2007-10-27
Online
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I told you Kashkari is probably the better place to sell mortgages rather than FRE/FNM right? The guy pays cash and NO spread. All Libor flat, even on things with Libor + 1500!!! On smaller trades you can get 3x your money's worth selling it to Kash-boy.
---------- It sounds antiquated, merchantilistic - until you figured out that I was hoarding for war.
2008-11-11 11:23:34
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Zzt Posts: 983 Incept: 2007-06-26
Glendale az
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Is there any chance that Congress will not release the other half of the bailout bill? The only reason I speculate on that is Congress may be realizing that they have been lied to. Could **** them off enough to balk.
2008-11-11 11:24:14
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Jacksonlee Posts: 215 Incept: 2007-11-11
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Ya, another financial "guru" on the local radio this morning blabbering about if your not in real soon, you will miss out on the run up.
---------- It is inaccurate to say that I hate everything. I am strongly in favor of common sense, common honesty, and common decency. This makes me forever ineligible for public office. H. L. Mencken
2008-11-11 11:24:20
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Genesis Posts: 71432 Incept: 2007-06-26
KD^2
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ZZt Congress would have to pass a NON-APPROVAL resolution to stop the second half. Its backwards from how it usually works.
---------- "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
2008-11-11 11:25:59
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