Post by lifewasgood on Aug 9, 2011 14:36:20 GMT -5
It is fascinating to watch the markets go up and down in a wild unstable manner. The forces of buy and sell make one wonder?
I say the market is being held up by none other than the PPT. I am just as confident that the FED will work magic in the background to keep it from a full fledge plunge to hell. Which is where it would go if the nipple is pulled out for good.
Taxpayers all across America boiling over while there payments are took in to support the ongoing demolition of America. Why the fun next door has really heated up and the ships are sailing to Freedom Land.
Post by lifewasgood on Aug 9, 2011 16:38:29 GMT -5
Working Group on Financial Markets
The Working Group on Financial Markets (also, President's Working Group on Financial Markets, the Working Group, and colloquially the Plunge Protection Team) was created by Executive Order 12631, signed on March 18, 1988 by United States President Ronald Reagan.
As established by Executive Order 12631, the Working Group consists of:
The Secretary of the Treasury, or his designee (as Chairman of the Working Group); The Chairman of the Board of Governors of the Federal Reserve System, or his designee; The Chairman of the Securities and Exchange Commission, or his designee; and The Chairman of the Commodity Futures Trading Commission, or his designee.
"V_L since you won't say who you are invested in, who else would be a rare earth investment and how?"
You reverse the course from the user to the mine. Great Western holds the contracts on the mines that yield to the battery makers here in MI. When you look it up, I bought at $1.15. Sold it over $90. Not bragging, my point is... I find the source and invest before the wagon train on Wall Street overloads it, like now. You don't need to be Goldman Sachs to spot the future. If Goldamn Sacks is hording aluminum in Detroit, it comes via one set of licenses in the junk business. I know them. They would have no idea about the former Tiers that developed all the clean parts buying raw directly from Alcoa a long time ago and have it stashed in our numerous defunct factories. If the intent is to control the alternatives in development stage, they're coming in very late to play that game.
I heard today that the fearful are lining up to buy Treasuries at 2.3% committing their funds for 10 years. That's FEAR, not skill. With Freddie Mac asking for more cash, the cause should be investigated. Why... it's none other than Ben Bernanke's promise to keep interest rates LOW for another 2 years! So far, all his LOW rates have gotten us is-- big businesses who can borrow instead of hire, cheap credit for baby mommas and a LACK OF MARGIN on what GSEs like Freddie and Fannie are FORCED to work with as BAD BANKS pile them high with garbage credit.
The solution is a revolution that recognizes Voelker's intelligence over Greenspan or his pet monkey-- Ben. RAISE THE RATES to create servicing margins. RAISE THE RATES to stop cash-rich businesses from borrowing and use what they've got stashed in the markets. RAISE THE RATES to make it harder for Low Income No Stability to get credit that soon defaults and keeps asset values in degradation mode. RAISE THE RATES because if the cost to buy it on credit is significant, the cost of the product or service cannot inflate simultaneously. Destroy the impact of Wall Street on America by freeing up those in a position to grow businesses using strategic not speculative monies.
Run, seniors, run. Trim those inheritance trusts so recovery can be done.
"We can all survive paying 6% interest on home loans as an example."
It stops technical qualification by the unstable and yields marginal commission profits for servicers, which helps pull criteria away from Wall Street and lets the industry get back to managing Risk by writing a check when they're wrong instead of getting bailed by all of us.
You know... the European "Bank" problem is easy to solve. Incarcerate the bankers, liquidate their Swiss accounts, close their off-shores and revive the original quality-made goods that made us crave European in the first place. Come to think of it... let's do the same worldwide. Is anyone getting the gist that the only good financier is a jailed one? So far this week, we've established one REALLY important fact... there absolutely IS enough cash floating in and out of the markets to recover the whole global economy.
There's a ton of money pouring out of the markets. Most was put there by big funds or because they followed what Cramer told them or their brother in law or read it online. The best approach is always-- common sense. Are you shorting the Dow? Seems like an easy money move. There is no way for it to recover and bull again without a QE or Fed printer infusion. Since those are not options, the Dow can only compress. Look around... people are looking more fit and paying attention to health and fitness. Maintenance meds are out-- herbal sustaining are in. THESE are investments. There are more, look around, see what has been in front of you all along but not as investment potential. My favorite commodity is outrageously UP. Keep anything away from the paranoid bunch on the wagon and the yield is a wide open field (of profitability).
pump pump pump pump pump pump pump pump pump pump pump pump... it doesn't have any fur left and the eyes have duct tape on them. A few less job-less filings started it this morning, tech news (cause of the job losses originally) pumped it this afternoon.