[Rhodes22-list] Dow Jones.....I hate to say it.....

[Hank]

Brad, et al,

What will this do to interest rates?  Are they likely to go up or down or
remain the same?  That is something I have never understood is why they
change the rate.

Hank


On 8/10/07, Brad Haslett <flybrad at gmail.com> wrote:
>
> Dave,
>
> Let's hope I'm right and you're wrong.  It smells like a necessary
> correction and a mild "bank run" to me.  I'm at least ten years away from
> needing to cash-in any chips so I'm along for the ride.  What a good one
> the
> last six months have been, I "made" more money in my 401K than my day job
> pays.  I knew that wouldn't last.
>
> Other than the Fed stepping in to prevent a liquidity crisis, I hope the
> government does nothing.  My personal solution is to drive to Branson, MO
> today for a mini-vacation before Cora starts school.
>
> Watch the market for me today and cry for us all  if it gets any more
> nasty.
>
> Brad
>
>
>
> On 8/10/07, DCLewis1 at aol.com <DCLewis1 at aol.com> wrote:
> >
> >
> > Brad,
> >
> > Your point about the business cycle is well made - but the issue is
> what's
> > bringing it down.  Is it "the usual stuff", or is it something
> > truly  sinister?
> >
> > Two ponderous and conservative governmental institutions, the ECB and
> the
> > Fed, that like to move slowly and with incremental steps, moved quickly
> > to  make
> > available up to 95 Billion Euros(ECB) and 24 Billion USD - done
> within  a
> > space of less than 8 hours(maybe less than 4 hrs, I didn't time out when
> I
> > learned about each move).  That's a lot of money and they skipped a lot
> of
> > staffing to move that quickly - It tells me there's a big  urgent
> problem.
> >
> > We know a variety of US, UK, and Australian hedge funds
> have  folded.  We
> > know many mortgage companies have folded - not in trouble  and hence had
> > to cut
> > back - simply put out of business.  We know of 1 US  investment bank
> > that's
> > taken a big hit.  We know of at least 1 German bank  in
> > receivership.  Today we
> > learned the second largest bank in France is  stressed.  This is not
> > normal.
> > As I recall, most business cycles end  because of inventory imbalances -
> > this
> > is nothing like that, this is a financial  melt down.
> >
> > Welcome back!
> >
> > Dave
> >
> >
> >
> > ************************************** Get a sneak peek of the all-new
> AOL
> > at
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