Can you spend some time on the w/e NL and elaborate on what the
Feds/Treasuries have done and ofcourse, your opinions. Some general
information on what you think their strategy is in saving the
world. Is the the last arrow in their quiver. Is gold gonna
sky-rocket, hyper inflation etc.?
Posted by dodgerdog on 19th of Sep 2008 at 12:10 pm
Will make some comments but the details are not even close to
being finalized - the whole key to this stop gap will be how to
price the crap that these financial firms have on their
books. IMO, such prices MUST be derived by market forces and
that's much easier said than done.
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Steve/Matt, a request
Posted by rkbafna on 19th of Sep 2008 at 12:04 pm
Can you spend some time on the w/e NL and elaborate on what the Feds/Treasuries have done and ofcourse, your opinions. Some general information on what you think their strategy is in saving the world. Is the the last arrow in their quiver. Is gold gonna sky-rocket, hyper inflation etc.?
Will make some comments but
Posted by dodgerdog on 19th of Sep 2008 at 12:10 pm
Will make some comments but the details are not even close to being finalized - the whole key to this stop gap will be how to price the crap that these financial firms have on their books. IMO, such prices MUST be derived by market forces and that's much easier said than done.