We have been on that road since we left the Gold standard, the new standard is make it up as you go along
I'm looking for Bank to buy it.
Australia guarantees bank deposits to combat crisis | Reuters
What's Going On
George Soros Speaks:
Investor Soros says regulators were 'behind the curve' - Oct. 12, 2008
The whole thing is a big joke, take Canada as an example since I know what’s going on here, the lower interest rate should have pushed more money in the market, and make consumers go for more loans, however the interest on the loans had increased and its getting too difficult to get any loan …. So who’s going to benefit from the lower interest rate?
basically they have done nothing , they took from one pocket and put it on the other one
UK on the other hand, they took the tax money and lend it to the banks , people are not interested to buy those shares, will they ever get that money back? ... i don't think so its a dead horse , the government knows that very well and the people had to pay for it, that will reflect on the consumer spending ... long story short ... more crap and will only lead to bad results, lets wait and see
The only who benefits with current situation are the Banks and big debtors that have access to Central Banks.
They can take money from Central Banks below inflation rate to "fill the gaps" they have. But because this Banks are not swimming into cash as they did few months ago they will restrict credit policies.
On a world with high inflation rates and low liquidity nobody wants to offer a loan and few wants to to take it.
Obviously, the official speech says: We want to encourage consumption by lowering interest rates.
An amazing lie.
oil almost touch 200 MA on weekly chart , I think it will be rebound, so gbp will going up again , just 2 cent
Forex Indicators Collection
Now this IS Funny.
Ricard Fuld: CEO of Failed AIG. After testifying to Congress about the companies demise, he was on a treadmill wearing a heart monitor. A guy in the corner, "Pumping Iron", came over and knocked Fuld out cold. I saw the photo but cannot retrieve it. The story is here:
Richard Fuld punched in face in Lehman Brothers gym - Telegraph
Be Ready for Preliminary....
How trading things going with you...hope you'll be satisfied by the end of this trading week...
U.S. Preliminary UoM Consumer Sentiment figures are expected tomorrow, October 17th, 13:55 (GMT), and you need to be prepared....
What is the U.S. Preliminary UoM Consumer Sentiment Indicator?
The Preliminary UoM Consumer Sentiment Indicator is a survey of consumer confidence conducted by the University of Michigan. This is a telephone survey which gathers information on consumer expectations regarding the overall economy. It measures the attitudes and expectations concerning both present and future economic conditions of 500 consumers. They are asked about how they see their own financial futures and opinions on the prospects for the U.S. economy. It is an early assessment of consumer sentiment regarding personal finances, business conditions and purchasing power....
Ben Bernanke supports second US stimulus plan | The Australian
Another scotch round please, this guys are thirsty.
You mentioned the IMF a few posts ago. Today, Strauss-Kahn involved in a woman affair. Story is here;
UPDATE 2-IMF chief Strauss-Kahn apologizes for affair | Reuters
I guess besides throwing money at a problem, officials need to;
1.Make up the rules as you go along.
2.Have a high speed printing press.
3 Have a lifetime supply of Viagra and overdose everyday.
4. Learn how to duck investigations.
5.Make sure your buddies don't TURN on you.