buy palladium instead
― remy bean, Monday, 17 March 2008 16:04 (sixteen years ago) link
i'm turning to theft of catalytic converters of large offensive s.u.v.s
palladium is the new gold, bitch
they're also artificially keeping their manufacturing costs down, which should bite them in the ass but PIXIE DUST etc. etc. xxp
― jessie monster, Monday, 17 March 2008 16:04 (sixteen years ago) link
what is the ADAMANTIUM market like nowadays
― max, Monday, 17 March 2008 16:06 (sixteen years ago) link
it's cutthroat
― remy bean, Monday, 17 March 2008 16:07 (sixteen years ago) link
buy kryptonite -- it's a hedge against the falling dollar AND superman
― Hurting 2, Monday, 17 March 2008 16:13 (sixteen years ago) link
well, some of us here may take what this article says to heart ...
― Eisbaer, Tuesday, 18 March 2008 04:27 (sixteen years ago) link
and then there's this interesting detail from the proposed bear stearns acquisition
Michael Hecht, at Banc of America Securities, in a note today wrote that J.P. Morgan should be paying as much as $40 a share for Bear, even factoring in the $6 billion for litigation reserves, the cost of deleveraging Bear and integration costs including tech and facilities.
someone's gonna get paid.
― Eisbaer, Tuesday, 18 March 2008 04:32 (sixteen years ago) link
but seriously guys.
what is a shitbin? is it like a euphemism for toilet? aren't euphemisms supposed to be less crass? or are there actually bins that people shit in? is it a british thing?
― The Brainwasher, Tuesday, 18 March 2008 04:42 (sixteen years ago) link
Thread Started by TOMBRIT
― BIG HOOS aka the steendriver, Tuesday, 18 March 2008 04:45 (sixteen years ago) link
Fuck you.
― El Tomboto, Tuesday, 18 March 2008 04:49 (sixteen years ago) link
Bear had what, a $20B cap last year. Wowzers.
I'd be surprised if Lehman went tits up but the thing those fucking quants and Greenspan never seem to want to account for is the emotion involved in securities. They can't do it so they avoid it, and if Lehman goes down in the short term, it's gonna be for emotional reasons and model driven. This whole fucking thing reeks of LTCM all over again.
― Dandy Don Weiner, Tuesday, 18 March 2008 11:11 (sixteen years ago) link
is it a british thing?
No.
I always thought it was like 'sin bin' but, you know, worse?
― Ned Trifle II, Tuesday, 18 March 2008 11:16 (sixteen years ago) link
I never heard of it before this thread
So people are expecting a full 1% cut today? Is that priced in? Does this mean if they pull a surprise and cut by only 0.5% (only!) that it could arrest the dollars fall, momentarily? 1% seems like full panic but that seems to be what is on the cards
― laxalt, Tuesday, 18 March 2008 11:25 (sixteen years ago) link
interesting that the pound is just about the only currency not rising against the dollar
― laxalt, Tuesday, 18 March 2008 11:26 (sixteen years ago) link
although not surprising
It is rising, it's up a whole cent since this morning!
― Ned Trifle II, Tuesday, 18 March 2008 11:39 (sixteen years ago) link
why the charts so rosy?
― Tracer Hand, Tuesday, 18 March 2008 16:37 (sixteen years ago) link
free money on its way? lot of volatility, seems everytime there is a big drop theres a rally later till the next dose of bad news and subsequent drop
all short term noise surely
― laxalt, Tuesday, 18 March 2008 16:51 (sixteen years ago) link
there was a pretty good article about the state of the dollar in the NYTimes this weekend. Interest rate cuts logically won't stop the fall of the dollar because it'll just encourage investors to buy other currencies to get a better return on their investment.
― jessie monster, Tuesday, 18 March 2008 18:06 (sixteen years ago) link
well sure rate cuts will increase fall of dollar, but i mean if 1% is priced in and then it ended up only being 0.5% it could have a 'less negative impact' on the dollar, but a worse effect on markets as they want their crack hit of free money?
― badboymakaveli from Windhoek, Tuesday, 18 March 2008 18:15 (sixteen years ago) link
75 basis point cut to 2 1/4
limbo limbo limbo
― The Macallan 18 Year, Tuesday, 18 March 2008 18:20 (sixteen years ago) link
Things are getting very weird very fast -- and will probably get even weirder, faster, as the train wreck of bad debt meets the Saint Paddy's Day Parade of bacchanalian excess at the grade-crossing of destiny. The train is carrying America's financial system, but the engine driving it is peak oil, because declining energy resources necessarily means declining capital wealth -- and declining value of all the institutions, instruments, and markers that denote that wealth or hope to profit by trading in it. The fiasco leads straight to the necessary reinvention of American life on other terms and by other means.
― The Macallan 18 Year, Tuesday, 18 March 2008 18:24 (sixteen years ago) link
Yes looks like they are trying to walk the tightrope here...(shows how crazy things are that a 0.75% cut can be considered that way)
― laxalt, Tuesday, 18 March 2008 18:24 (sixteen years ago) link
let's all hope China keeps buying dollars.
― jessie monster, Tuesday, 18 March 2008 18:30 (sixteen years ago) link
are we in negative interest rate territory yet?
― brownie, Tuesday, 18 March 2008 18:34 (sixteen years ago) link
we should all be keeping our savings under our mattresses.
― jessie monster, Tuesday, 18 March 2008 18:36 (sixteen years ago) link
mattresses generate back pay! should I submit this to Readers Digest y/n?
― brownie, Tuesday, 18 March 2008 18:39 (sixteen years ago) link
omg did anyone else see jim kramer yesterday - raaaaare form - shit was apocalyptic
― jhøshea, Tuesday, 18 March 2008 18:40 (sixteen years ago) link
it should be the caption of a New Yorker cartoon. xp
― jessie monster, Tuesday, 18 March 2008 18:40 (sixteen years ago) link
Cramer can kiss my ass.
― Dandy Don Weiner, Tuesday, 18 March 2008 19:13 (sixteen years ago) link
jim cramer has been pretty amusing lately.
― El Tomboto, Tuesday, 18 March 2008 19:23 (sixteen years ago) link
"Bear Stearns is gonna be fiiiiiiine!"
― BIG HOOS aka the steendriver, Tuesday, 18 March 2008 19:44 (sixteen years ago) link
cramer can roll his bald head around my exponentially descending ball sack
― burt_stanton, Tuesday, 18 March 2008 19:58 (sixteen years ago) link
why is your ball sack descending, burt_stanton?
― max, Tuesday, 18 March 2008 19:59 (sixteen years ago) link
i don't know :[
― burt_stanton, Tuesday, 18 March 2008 19:59 (sixteen years ago) link
http://www.guardian.co.uk/commentisfree/2008/mar/16/creditcrunch.useconomy
http://image.guardian.co.uk/sys-images/Guardian/Pix/steve_bell/2008/03/18/BEARMARKET512.jpg
― Ed, Tuesday, 18 March 2008 20:42 (sixteen years ago) link
^ exponentially descending
― BIG HOOS aka the steendriver, Tuesday, 18 March 2008 21:35 (sixteen years ago) link
oh just STFU already
the money quote:
``He sounds like Herbert Hoover in 1930,'' said Bruce Bartlett, who served as a Treasury Department economist under President George H.W. Bush.
― Eisbaer, Wednesday, 19 March 2008 04:33 (sixteen years ago) link
A persuasive argument for increasing regulatory capital requirements on banks (written last November but still relevant):
Why banking remains an accident waiting to happen
― o. nate, Wednesday, 19 March 2008 15:47 (sixteen years ago) link
It's like the executive tells young J.R. in the Gaddis novel - "Make other people's money work for you."
― Hurting 2, Wednesday, 19 March 2008 15:58 (sixteen years ago) link
is anyone calling for capital controls yet? :p
― jessie monster, Wednesday, 19 March 2008 16:00 (sixteen years ago) link
Hey so maybe this is working for a minute anyway?
Shit is rallyin.
― BIG HOOS aka the steendriver, Wednesday, 19 March 2008 17:11 (sixteen years ago) link
Rally, pah
Shit Dead Cat Bounced.
http://image.guardian.co.uk/sys-images/Guardian/Pix/steve_bell/2008/03/19/DOWNCLIMB512.jpg
― Ed, Wednesday, 19 March 2008 17:14 (sixteen years ago) link
Bounced? Dead cat is down so far today.
― Hurting 2, Wednesday, 19 March 2008 17:16 (sixteen years ago) link
The Subprime Primer
― Daniel, Esq., Wednesday, 19 March 2008 19:57 (sixteen years ago) link
Rep. Barney Frank, chair of the House Financial Services Committee, had this to say today:
US investment banks need more regulation-Rep. Frank
― o. nate, Wednesday, 19 March 2008 20:08 (sixteen years ago) link
water rolling downhill, etc.
― Dandy Don Weiner, Wednesday, 19 March 2008 20:22 (sixteen years ago) link
Hey so maybe this is working for a minute anyway?Shit is rallyin.-- BIG HOOS aka the steendriver, Wednesday, March 19, 2008 12:11 PM (3 hours ago)
-- BIG HOOS aka the steendriver, Wednesday, March 19, 2008 12:11 PM (3 hours ago)
HAW
― El Tomboto, Wednesday, 19 March 2008 20:54 (sixteen years ago) link