America threatens the rest of the World over ITS falling $!

[Mega]

Only America could do this:-
http://www.telegraph.co.uk/money/mai...-mostviewedbox

My answer, "Suck my dick Paulson!"
Mike

[Mega]

Re: America threatens the rest of the World over ITS falling $!

Everyone IS WAKING UP!
http://www.independent.co.uk/news/bu...he-847923.html
Mike

[Jim Nickerson]

Re: America threatens the rest of the World over ITS falling $!

Only America could do this:-
http://www.telegraph.co.uk/money/mai...-mostviewedbox

My answer, "Suck my dick Paulson!"
Mike

Two good articles, Mike. Don't you think your admonition to Paulson is a bit indelicate especially coming from a mild-mannered Brit. You Brits have so many different ways of speaking English, you know like "lift" for "elevator," "bonnet" for "hood," "boot" for "trunk," etc. Isn't there some milder British word for "dick." Something like, "Suck my cheney."

With regard to rate hikes in the US, in the last four days, I've noted Jan Hatzius of Goldman Sachs saying the Fed will keep rates at 2% through 2009, John Mauldin doubts any raises this year and probably not until well into 2009, and Paul Kasriel thinks the 2% rate will hold through first half of 2009.

[metalman]

Re: America threatens the rest of the World over ITS falling $!

Two good articles, Mike. Don't you think your admonition to Paulson is a bit indelicate especially coming from a mild-mannered Brit. You Brits have so many different ways of speaking English, you know like "lift" for "elevator," "bonnet" for "hood," "boot" for "trunk," etc. Isn't there some milder British word for "dick." Something like, "Suck my cheney."

With regard to rate hikes in the US, in the last four days, I've noted Jan Hatzius of Goldman Sachs saying the Fed will keep rates at 2% through 2009, John Mauldin doubts any raises this year and probably not until well into 2009, and Paul Kasriel thinks the 2% rate will hold through first half of 2009.

mega? indelicate? :eek:

why do you bother the latest goldman or muddlin or beariel on interest rates? you need a thesis to follow, man, not the wind. your ship will once again be pounded the shit out of on some distant shore.

[Mega]

Re: America threatens the rest of the World over ITS falling $!

Which means?
Mike

[Jim Nickerson]

Re: America threatens the rest of the World over ITS falling $!

mega? indelicate? :eek:

why do you bother the latest goldman or muddlin or beariel on interest rates? you need a thesis to follow, man, not the wind. your ship will once again be pounded the shit out of on some distant shore.

Suck my cheney.

[The Outback Oracle]

Re: America threatens the rest of the World over ITS falling $!

Everyone IS WAKING UP!
http://www.independent.co.uk/news/bu...he-847923.html
Mike

Ya gotta love the way we blame everyone else!!!!!! The USA UK Aus etc have been so busy inflating everything in sight, in particular housing, while not calling it inflation. Inflation in everyday use items has been saved by the low cost 'emerging markets', principally China. Now it is all their fault??? Give me a break!!!

On the subjest of prices rising, we just put out a price list wity prices increased about 20% even after the benefit of a strong Australian dollar. We had been quoted firm prices through to the end of October. Yesterday we received notification from a couple of our major suppliers...sorry!!! steel prices increase so much, prices now up anouter 10%!!!! 5% immediate and another 5% in 30 days!!

It is becoming impossible to run a business in this environment!

[GRG55]

Re: America threatens the rest of the World over ITS falling $!

Two good articles, Mike. Don't you think your admonition to Paulson is a bit indelicate especially coming from a mild-mannered Brit. You Brits have so many different ways of speaking English, you know like "lift" for "elevator," "bonnet" for "hood," "boot" for "trunk," etc. Isn't there some milder British word for "dick." Something like, "Suck my cheney."

Didn't seem indelicate at all. I'm sure Mega was simply inviting Paulson to sample one of those uniquely British culinary masterpieces...an atherosclerosis-promoting after dinner adventure.

Spotted Dick is a traditional English steamed suetpudding containing dried fruit (usually currants), commonly served with either custard or butter and brown sugar. Spotted refers to the dried fruit (which resemble spots) and Dick may be a contraction/corruption of the word pudding (from the last syllable) or possibly a corruption of the word dough.^[1] It is possibly conjugated originally from sticky pudding to dicky pudding to dicky to dick and finally spotted dick as in pudding with raisins.
^{http://en.wikipedia.org/wiki/Spotted_Dick}


http://thefoody.com/pudding/spotteddick.html

[tree]

Re: America threatens the rest of the World over ITS falling $!

Suck my cheney.

There are machines for that.

[jtabeb]

Re: America threatens the rest of the World over ITS falling $!

Suck my cheney.

RIMSHOT!

Well played sir, well played.

P.S. Even if you think the Fed can and does raise rates, what do think will happen to commodities then? History shows that the FFR has to peak BEFORE commodities will come down. Ha, HA and double HA!

[GRG55]

Re: America threatens the rest of the World over ITS falling $!

RIMSHOT!

Well played sir, well played.

P.S. Even if you think the Fed can and does raise rates, what do think will happen to commodities then? History shows that the FFR has to peak BEFORE commodities will come down. Ha, HA and double HA!

Plot the oil price against the FFR during the last rate raising cycle...;)

[Slimprofits]

Re: America threatens the rest of the World over ITS falling $!

[GRG55]

Re: America threatens the rest of the World over ITS falling $!

And how fast have these mercantilist countries been expanding their money supply over recent years?

China's Money Supply Surges, Adding to Inflation Risk

By Nipa Piboontanasawat
June 12 (Bloomberg) -- China's money supply growth accelerated to the fastest pace in four months in May, adding pressure on the central bank to prevent cash inflows from fueling inflation.

M2, the broadest measure, rose 18.1 percent from a year earlier to 43.6 trillion yuan ($6.3 trillion), the People's Bank of China said today on its Web site, after gaining 16.9 percent in April. That beat the 17 percent median estimate of 19 economists surveyed by Bloomberg News...

...The key to China's inflation ``is how successful the central bank is in controlling broad money-supply growth,'' Liang Hong, senior economist at Goldman Sachs Group Inc. in Hong Kong, said in a note today. A rebound means consumer-price gains may not have peaked, she said.
http://www.bloomberg.com/apps/news?p...d=aNB13TgaXXUM




Inflation tests Vietnam's growth
By Andrew Symon
Mar 18, 2008
Vietnam’s transition from a centrally planned to market oriented economy faces a new host of challenges posed by galloping inflation. Depending on how deftly economic and financial policymakers respond, it could make or break the country’s until now successful economic reform program...

...But those pressures are being compounded in Vietnam’s particular case by a host of domestic factors, including the rapid inflow of foreign capital, consequent fast growth in the local money supply and, apparently, the government’s relative inexperience in managing such technocratic challenges...

...The SBV has in recent months put a brake on money supply growth, in a blunt attempt to mop up the liquidity flowing into the financial system through foreign direct investments and portfolio flows. The SBV has long maintained an effectively fixed exchange rate at an artificially low rate to promote exports. Now that rate, as of March 13 officially at 15,865 dong per US dollar, is coming under increasing speculative pressure for an upward revaluation...
http://www.atimes.com/atimes/Southea.../JC18Ae02.html

[Slimprofits]

Re: America threatens the rest of the World over ITS falling $!

Meirelles Says Brazil Central Bank Is `Ready to Act'

``The central bank is alert and ready to act,'' Meirelles, 62, said today in a Bloomberg Television interview in Sao Paulo.

Meirelles said he sees the need to cool consumer spending in Brazil after the annual inflation rate climbed to 5.58 percent in May, the fastest since January 2006, fueled by rising food costs. Policy makers raised the so-called Selic rate twice this year to 12.25 percent, saying an expanding economy may stoke more inflation.

Meirelles said he's ``concerned'' the real's appreciation will hurt the nation's competitiveness. The real has gained 11 percent this year against the dollar, the biggest advance among the 16 most-traded currencies.

The central bank ended two straight years of rate cuts last October as faster economic growth coupled with rising food prices started to fuel inflation. Brazil's economy grew 5.8 percent in the first quarter of this year after a 6.2 percent gain in the last quarter of 2007, the fastest pace in more than three years.

``We took action, and basically we are saying that if it is necessary we will take action for as long as it is necessary,'' Meirelles said. ``There's no doubt the moment requires attention and also action.''

The bank targets inflation of 4.5 percent, plus or minus two percentage points.

The eight-member board led by Meirelles will probably deliver a third half-a-percentage-point increase next month to cool demand and rein in inflation. Analysts covering the Brazilian economy expect the bank to increase the interest rate to 12.75 percent from 12.25 percent, according to a central bank survey of economists.

``Interest rate increases start to have an effect immediately,'' Meirelles said, adding the full effects of the increases will be felt at the end of this year or early in 2009.

[Slimprofits]

Re: America threatens the rest of the World over ITS falling $!

Mexico Central Bank Unexpectedly Raises Lending Rate

Banco de Mexico's five-member board voted today to raise the overnight lending rate by a quarter percentage point to 7.75 percent. Only eight of 26 economists surveyed by Bloomberg forecast an increase, while the rest predicted the bank would leave rates unchanged.

[..]

Morgan Stanley, Credit Suisse and Barclays Capital released reports in the past week predicting that Banco de Mexico would increase its key lending rate by a quarter-point today.

Bloomberg's prognosticators just aren't very good. Stick to the reporting!