dagblog - Comments for "Markets tanking! Obama's second chance?"

Apparently the only good

Oxy Mora — Thu, 11 Aug 2011 01:34:52 +0000

In reply to Just a few minutes before the

Apparently the only good thing in this turmoil is the desirability of that vulnerable U.S. debt the tea partiers were concerned about U.S. tresasuries in auctions this week are flying off the shelves.

From what I heard and read this volatility in the equity and currency markets is a redux of 2008 and 2009. Computer trading. High frequency trading. The rumors were flying today about Societe General being in trouble and they were hammered, shades of Lehman days. Gold just keeps going up. The percentage moves in currencies, for example, are huge by historic standards.

To add to the confusion seven companies transferring data to the Taiwan exchange were hacked and trading was suspended.

It's August.

I don't think they will.

Oxy Mora — Thu, 11 Aug 2011 01:25:05 +0000

In reply to QE3????

I don't think they will. Opinion is very divided on the effects of QE2. It could actually create instability because of sentiment against it. Bernanke can put the liquidity out there but can't guarantee where it will go. Many believe it just goes into commodities,for example. Certainly it's not getting out to the hinterland in the form of loans to small businesses, etc. I hope Bernanke has some ideas which will bear directly upon infrastructure spending and employment, but don't know what tools they have. On the other hand, if QE2 is the only thing they have, they may use it.

Just a few minutes before the

Beetlejuice — Thu, 11 Aug 2011 00:35:01 +0000

In reply to Markets tanking! Obama's second chance?

Just a few minutes before the bell, someone made an electronic transfer of some kind and the market dropped 150 points to settle at 519.

Of course the GOPers will say it all Obama's fault because of the debt ceiling debate ...which its' not.

I think there are some savvy investors out there looking to secure their wealth and stocks aren't too stable at the moment. What I didn't hear was if there was a run on T-bills and the current price for gold. Would be interesting to note how much money was being funneled into those pipelines.

QE3????

Donal — Thu, 11 Aug 2011 00:29:15 +0000

In reply to Good, Richard, you're coming

QE3????

I like it. I think Toomey is

Oxy Mora — Wed, 10 Aug 2011 22:44:41 +0000

In reply to I think Longfellow got it

I like it. I think Toomey is about a foot taller than Perry. They'll need a bloody footman to carry a step stool around for Perry.

Good, Richard, you're coming

Oxy Mora — Wed, 10 Aug 2011 22:17:55 +0000

In reply to HAHAHAHAHHA

Good, Richard, you're coming around. Hey, Obama met with Bernanke today. Maybe something is in the works.

HAHAHAHAHHA

Richard Day — Wed, 10 Aug 2011 21:03:29 +0000

In reply to You send Dick a bottle of

HAHAHAHAHHA

I think Longfellow got it

MrSmith1 — Wed, 10 Aug 2011 21:02:39 +0000

In reply to Sorry, can't resist that

I think Longfellow got it right when he said (and I'm paraphrasing):

"By the shores of Gitche, Gumee, I won't vote for Perry-Toomey."

You send Dick a bottle of

tmccarthy0 — Wed, 10 Aug 2011 20:30:35 +0000

In reply to Someone needs to give Richard

You send Dick a bottle of Jameson and then chat with him at mibbit and give him innumerable links to good music and he will cheer up, at least for a short time.

Isn't that right Dick.

Someone needs to give Richard

Verified Atheist — Wed, 10 Aug 2011 20:23:23 +0000

In reply to I don't care what they do on

Someone needs to give Richard something positive, and soon!

Here, try this:

Florida Homeowner Forecloses On Bank Of America

If that doesn't work, there's always the stronger stuff:

Cute overload