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Post by brosin on Apr 6, 2011 22:41:22 GMT -5
 You see that little spike in late 1999? I know, I can barely see it either...  But THAT "little" spike was one of the most common reasons cited for the Tech Bubble and its collapse. |
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Post by brosin on Apr 6, 2011 22:46:30 GMT -5
An excerpt from Remarks by then Fed Governor Roger Ferguson - he was nominated to vice chairman 6 days after this speech by Clinton. There were a lot of Y2K prep references in here as well  www.federalreserve.gov/boarddocs/speeches/1999/19990928.htmGeorgetown University, Washington, D.C. September 28, 1999 "To help meet unusual funding and liquidity needs during the period around the century date change, the Federal Reserve has created a special liquidity facility as an adjunct to its discount window programs.
The special liquidity facility will be open from October 1, 1999 through April 7, 2000. It will be available to depository institutions operating in the United States and in sound financial condition. Loans must be adequately collateralized and will be made at a penalty rate of 150 basis points above the FOMC's targeted federal funds rate. In contrast to subsidized adjustment credit, which will still be available, borrowers under the SLF will not be required to first seek credit from market sources, and the usage of borrowed funds will not be limited or monitored. Moreover, loans can be outstanding for any period while the facility is open. The Federal Reserve's special liquidity facility is similar to the so-called "Lombard"credit facilities offered by a number of European central banks. We do not intend for any supervisory or market stigma to be attached to use of the facility; if it does, then the potential for this facility to ease Y2K liquidity needs may not be fully realized. If banks are willing to utilize the facility, it should help to maintain orderly markets and to cap the federal funds rate in those markets.
One final point about liquidity-- as I said above, we expect payment mechanisms to function smoothly. However, it is possible that currency demands will increase over the next few months. The Federal Reserve is prepared to meet any currency demands that may arise, and we are taking a number of steps to ensure that cash is stored at numerous sites around the country to allow banks to meet any sudden or unexpected spikes in the currency needs of their customers."They pumped in about $60Billion (4% of what the Fed pumped in this time) |
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Post by Rothschild on Apr 6, 2011 23:32:31 GMT -5
Very scary Bros; as long as that digital money doesnt escape, we will be just fine but when/if it is ever released by the banks, all hell is gonna break loose and the Federal Reserve System will end up like the First and Second banks of the United States. Karl Marx must be laughing his head off right now that his second plank of his manifesto made it to the great US of A. I can smell the people rising up just wait till their lattes cost 10 bucks. |
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Post by Rothschild on Apr 6, 2011 23:34:15 GMT -5
As such, I think we are pretty close to the end of the bubble; Unless Bernank goes nuclear.
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Post by brosin on Apr 7, 2011 0:11:12 GMT -5
See that's the thing.. I don't think even going nuclear on the printing press would save us - let's think about it.
Say the market really starts collapsing and banks start seeing true withdrawals of any sizeable amount. Global markets have real values of at least $50Trillion (probably an understatement) and notional values of hundreds of trillions... the Federal Reserve cannot print nearly enough money to stem the tide
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Post by Clinton SPX on Apr 7, 2011 0:25:12 GMT -5
M formations are usually bearish rising wedges usually break to the down side something bad is coming, just my two pesos Attachments:
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Post by Rothschild on Apr 7, 2011 0:50:39 GMT -5
M formations are usually bearish rising wedges usually break to the down side something bad is coming, just my two pesos Yeah I saw that "M" and you are right about it. Timing is the thing though. Virtually most of my short plays have been losers last 8 weeks.  |
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Post by brosin on Apr 7, 2011 0:52:46 GMT -5
That's why you just get POMO dollars to keep averaging up... or wait only the banks are doing that  |
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Post by Clinton SPX on Apr 7, 2011 0:55:20 GMT -5
No hurry to short. Im sure you can always jump on as the collapse kicks in. This collapsing dollar will drive gas prices through the roof till no one will leave their drive way
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Post by Clinton SPX on Apr 7, 2011 0:56:30 GMT -5
everyones not buying gold silver and oil because good times are around the corner
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Post by benvestor on Apr 7, 2011 1:28:04 GMT -5
hrm this govt breakdown does not bode well for the market! I havent been keepn up with the news much lately, but it seems very sad they cant seem to get our budget passed! wth oh yeah and love from the Porter family, and gl to everyone!!   |
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Post by ask2lern on Apr 7, 2011 6:39:08 GMT -5
everyones not buying gold silver and oil because good times are around the corner I sold all my Platinum yesterday........just dont think industrial demand is going to be there IMO.....   Uploaded with ImageShack.us |
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Post by jack on Apr 7, 2011 8:15:53 GMT -5
everyones not buying gold silver and oil because good times are around the corner I sold all my Platinum yesterday........just dont think industrial demand is going to be there IMO..... Uploaded with ImageShack.usHow're they gonna make that Rolex of mine now dammit???! |
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Post by davetherave on Apr 7, 2011 8:16:11 GMT -5
No hurry to short. Im sure you can always jump on as the collapse kicks in. This collapsing dollar will drive gas prices through the roof till no one will leave their drive way Not to worry....Gas prices will continue to rise BUT the government will save it's children by mandating that all new car purchases be Chevy Volts. Save the planet and save the children. What could be better?  LOL |
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Post by jack on Apr 7, 2011 8:18:18 GMT -5
No hurry to short. Im sure you can always jump on as the collapse kicks in. This collapsing dollar will drive gas prices through the roof till no one will leave their drive way Not to worry....Gas prices will continue to rise BUT the government will save it's children by mandating that all new car purchases be Chevy Volts. Save the planet and save the children. What could be better? LOL ...and then, like the Peoples Republic of Oregon has on the docket, a bill to charge an extra tax on such car owners & hybrids because they are not paying their fair share of a gas tax. No shit. |
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Post by Clinton SPX on Apr 7, 2011 9:08:42 GMT -5
OK Im mostly cash now, let the market tank now
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