Entries from September 2008

Tuesday, September 30th, 2008

It’s Been A Bad Day

Honestly, I’m emotionally exhausted. I’ve put my heart, might, mind and strength into a dozen conversations in an effort to help family, friends, neighbors, strangers and my children understand what is happening and how it will impact each of us. I’m pleased that the House did not pass the EESA and even more pleased to finally start seeing consumer-centric solutions [...]

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Monday, September 29th, 2008

EESA versus Ali G.

Emergency Economic Stabilization Act. Quote from Ali G. (@ 00:04:01), “ain’t da problem wit selling things when you is high is that you sometimes get really bad deals? Like one time when me was high, me sold my car for like, 24 chicken McNuggets? Ain’t it wrong to do dat?” 
There are a handful of authentic traders (like yours truly) [...]

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Normal service is resumed
Crude Falls Slightly
Read more on Ali, Genpact Ltd at Wikinvest

Saturday, September 27th, 2008

700B should be part of Election 2008 ($LEH) ($WAMU) ($FRE) ($FNM)

Just add this issue on the ballot. California does it all the time. Another 30 days won’t kill anyone.  In fact, this country does not need elected representatives at all anymore.  Nearly everyone already has encrypted machinery (personal computers) and ID’s and the right to vote. Bush mentioned that one causal factor for the debt was 20th century technology in a 21st [...]

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Richard Russell: “A hard rain lies ahead”
Picture du Jour: A generation of overoptimistic equity analysts
Read more on Election 2008, Century at Wikinvest

Friday, September 26th, 2008

($FDX), ($UPS), Rudolph?

Money swaps are fascinating things. Yet sometimes I wonder how we send billions of dollars around the globe so quickly. Fedex and UPS have global overnight capabilities (as does the Army), but with so much at stake, I’ll bet the Central Banks turn to an operation that for centuries has delivered valuable packages globally and gained the goodwill of nearly [...]

Friday, September 26th, 2008

U.S. Banks Buy Friends Abroad ($KBE)

“In sum, these changes represent a $13 billion addition to the $277 billion previously authorized temporary reciprocal currency arrangements with other central banks. In addition to the swap lines with ECB and the Swiss National Bank, temporary swap lines previously have been authorized with:  the Bank of Japan ($60 billion), the Bank of England ($40 [...]

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