The plan was supposedly urgent right?

[rj1]

Re: The plan was supposedly urgent right?

Dr. Warburton is here to tell you - the credit markets are locking up, and a wave of corporations across entire continents is on the clock right now, without means of rolling over any of their credit lines.

And this bill changes that...how? No one has explained that.

[rj1]

Re: The plan was supposedly urgent right?

Steve, that can't be the right thesis. Libor and money market rates are to the moon already, and you can't have central banks chasing ultra short term rate changes. These severely stretching libor and money market rate distortions have cropped up in a brief matter of weeks. If you had a central bank chasing such drastic and sudden moves in short term rates, monetary policy would be chaotic. Also in a wider environment of acute credit and debt fragility is no time to start getting adventurous on drastically changing the interest rates that have led up to that condition. Changes have to be exceedingly gradual when the economy has a structural illness, or the economic reaction is merely shock.

As far as chasing ultra short term rate changes, there's rumors of a globally coordinated rate cut for the Fed, ECB, BOE, and BOJ that will be announced either on Sunday or Monday.

[rj1]

Re: The plan was supposedly urgent right?

At least they had time to put a bit "carbon tax" stuff in it

As a racing fan, I'm glad they took the time to include Section 317, an addition to a tax break for two more years to any motorsports facility.

[Starving Steve]

Re: The plan was supposedly urgent right?

As far as chasing ultra short term rate changes, there's rumors of a globally coordinated rate cut for the Fed, ECB, BOE, and BOJ that will be announced either on Sunday or Monday.

A co-ordinated RATE CUT ahead, maybe even this weekend???????????????

TWO DOLLARS and 74 CENTS TO LOAN $100,000.oo OVERNIGHT TO A BUSINESS, AND THE GENIUSES AT THE WORLD's CENTRAL BANKS SAY THAT IS TOO MUCH INTEREST TO CHARGE?????????????????????

So, obviously, the world's lending system will be cemented-tight for some time to come, until the idiots running these central banks are thrown-out.

This has to be a bad dream. This is not the real world. :eek:

[Guest]

Re: The plan was supposedly urgent right?

rj1 - I think you just gave Starving Steve a "conniption" with that news.

As far as chasing ultra short term rate changes, there's rumors of a globally coordinated rate cut for the Fed, ECB, BOE, and BOJ that will be announced either on Sunday or Monday.

[Supercilious]

Re: The plan was supposedly urgent right?

$#* -

The entire credit market is locked up in the US and spreading fast all over Europe, according to Dr. Warburton per today's interview in the select pages.

I haven't seen the interview, but I know this aspect very well (please read carefully my past messages)

Credit markets locking up is spreading fast outside of the EU and US as well.

This is the the Fed's Hammer Drill at work, Do you remember what we were talking about deflation?

Dr. Warburton is here to tell you - the credit markets are locking up, and a wave of corporations across entire continents is on the clock right now, without means of rolling over any of their credit lines.

Of course the freezing spreads across the globe ... until it starts to bite hard with irreversible consequences ROW countries. Then master Ben unfreezes the derivatives (do I have to repeat it again?), forward shock follows.

There are a good few weeks since I'm saying exactly this. That the dollar will not collapse but the ROW financial systems will be screwed when the distribution of the liquidity pyramid is changed through Bernanke's shock therapy. When I first said that I was dismissed (nah... EU, China and Russia are sound while the dollar is crashing, $#* is a lunatic) and what I said happens, well..I'm told I don't understand what's happening. This is outright funny ...

It's no time to be constructing elegant theorems. Get pragmatic. Get real.

Luke, I've tried to put my theory in the most concise terms I could. Hopefully ASH will have time one of this days to do a good summary (he is a sharp guy and very good at making clear and concise paragraphs)

[Supercilious]

Re: The plan was supposedly urgent right?

A co-ordinated RATE CUT ahead, maybe even this weekend???????????????
[...]
This has to be a bad dream. This is not the real world. :eek:

I don't know if it's going to be this weekend but one is due very soon (a month max as I see it)