ECB acts to bail out European Banks....

[Hemopure]

Old news from the August credit crisis melt down, that folks keep wishing to deny. http://business.scotsman.com/economy.cfm?id=1256352007

By having the ECB (Euro based) and the Bank of England (Pound Sterling) bail out their member banks via redemption collatoral guarantees and credit extension, which are all stealth interest rate cuts by another name---the US Dollar is thus defended against even further decline. (ECB support)

The American blood-for-oil war benefits the energy prices for the entire world, and it is that world which must help defend the US dollar (built upon a house of cards). Them is the rules. Central bankers must act in concert.

If California gets a cold---Europe and China both go into truama units.

And California has pneumonia and needs massive antiboitics and steroids.

Housing construction falls to 12-year low
http://www.msnbc.msn.com/id/20868561/

San Francisco Bay Area foreclosure activity skyrockets
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/09/19/BUH1S8PSN.DTL

US Congress Asked to lift debt limit to $9.82 TRILLION
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/09/19/financial/f082813D44.DTL

More interest rate cuts are on there way over the next year. You'll see.

 

[Crankyfeet]

You've totally lost my respect now with that piece of yogi-twisting logic. Isn't there a more honorable way of saying you were wrong and Lim was, and is, right?

And do you really think there is any analogy between businesses accepting lenient credit under stress, and cyclists choosing to cheat by doping to win races?

Or that there is any point to your "Interest rates are going down" mantra. So US short term rates are going down in the short term. Everyone knows that. But what are you're meaningful predictions. You know the ones that you can actually trade on with this "guru" info. Stock markets are up 30% since 2005 (3% since the Fed dropped the rate yesterday). So much for your bear market recession. Bond markets are holding nicely. US currency is stable in the short term response to this Fed Funds rate drop - further good news. The other prediction you made on oil - that it would go down - well its $82 a barrel. Up $7 in the last week or so. Or are you intending to wait for the top in the stock market and oil before putting on your positions??

So you see Heiny, your basically worthless as a financial seer (accept for your use as an indicator of where the dumb money is going). Please stick to the doping forum where you belong.

PS. And maybe if you stopped reading the San Francisco Chronicle business pages, you might see that the world outside is a big place.

Your IQ is well-displayed in your poorly-formed arguments. I wouldn't care about it if you weren't trying to grandstand and proselytize your warped views to unsuspecting forum members.

Old news from the August credit crisis melt down, that folks keep wishing to deny. http://business.scotsman.com/economy.cfm?id=1256352007

By having the ECB (Euro based) and the Bank of England (Pound Sterling) bail out their member banks via redemption collatoral guarantees and credit extension, which are all stealth interest rate cuts by another name---the US Dollar is thus defended against even further decline. (ECB support)

The American blood-for-oil war benefits the energy prices for the entire world, and it is that world which must help defend the US dollar (built upon a house of cards). Them is the rules. Central bankers must act in concert.

If California gets a cold---Europe and China both go into truama units.

And California has pneumonia and needs massive antiboitics and steroids.

Housing construction falls to 12-year low
http://www.msnbc.msn.com/id/20868561/

San Francisco Bay Area foreclosure activity skyrockets
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/09/19/BUH1S8PSN.DTL

US Congress Asked to lift debt limit to $9.82 TRILLION
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2007/09/19/financial/f082813D44.DTL

More interest rate cuts are on there way over the next year. You'll see.

 

[limerickman]

By having the ECB (Euro based) and the Bank of England (Pound Sterling) bail out their member banks via redemption collatoral guarantees and credit extension, which are all stealth interest rate cuts by another name-- (ECB support)

Verbruggen told us that interest rate cuts by central banks were going to happen immediately.
When confronted with the evidence that there were no interest rate cuts - he stated that, contrary to his initial statement, that the rates would be cut over 12 months.

Now you state that extensions of credit are interest rate cuts.......by stealth.

What you fail to mention is that any money borrowed by a bank from either BoE or ECB ....is repaid at a higher rate of interest.
So can you tell me the repayment of loans at a higher rate of interest, is an interest rate cut by stealth??????????????????????

--the US Dollar is thus defended against even further decline. (ECB support)

..........more baloney.

If the ECB was cutting interest rates, by stealth or other means, the dollars value would be closer to the euro.
Instead today the dollar has devalued against the Euro and almost hit $ 1.40
to €1.00

http://www.bloomberg.com/markets/index.html?Intro=intro_markets

The dollar is falling, Einstein.

 

[Crankyfeet]

Verbruggen told us that interest rate cuts by central banks were going to happen immediately.
When confronted with the evidence that there were no interest rate cuts - he stated that, contrary to his initial statement, that the rates would be cut over 12 months.

Now you state that extensions of credit are interest rate cuts.......by stealth.

What you fail to mention is that any money borrowed by a bank from either BoE or ECB ....is repaid at a higher rate of interest.
So can you tell me the repayment of loans at a higher rate of interest, is an interest rate cut by stealth??????????????????????




..........more baloney.

If the ECB was cutting interest rates, by stealth or other means, the dollars value would be closer to the euro.
Instead today the dollar has devalued against the Euro and almost hit $ 1.40
to €1.00

http://www.bloomberg.com/markets/index.html?Intro=intro_markets

The dollar is falling, Einstein.

Agreed. Though you may have misinterpreted his US currency line a little.

We should cut him a little slack here cause he's only learnt about the relationship between interest rates and currency quite recently.

 

[Hemopure]

Hein is 100% correct. Rates cuts and open market actions are in effect now and will continue for 12 to 18 more months.

The global credit crisis is a monster at $5+ Trillion.

You two buffoons can backpedal all day long. You are eating crow, just like Landis and Ulrich are.

So pitiful to watch grown men cry and whine.