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Originally posted by GreenBicMan
looks like still holding that 20 EMA DAILY as well.. like I said I wanna see it hold 2 days in a row
[edit on 18-8-2009 by GreenBicMan]
Originally posted by Vitchilo
And the stealing won't end until at least June 30, 2010...
Fed Extends TALF for Commercial Real Estate
Propping up the market until the end times?
What the hell is China doing?
China is Again Buying Long-Term U.S. Treasuries . . . Does That Mean China is Betting on Deflation?
China’s holdings of notes and bonds climbed $26.6 billion in June to $617.7 billion, a 4.5 percent increase, while bill holdings fell 25 percent to $158.7 billion, the Treasury’s data showed.
Anyway this whole thing would mean that China believes the US will go into deflation?
China reduced its holdings of US government debt by the largest margin in nearly nine years in June, according to data from the US Treasury.
I may be lining up with a prop firm very soon
Originally posted by GreenBicMan
btw friends, I may be lining up with a prop firm very soon *** wish me luck bc my current situation is poor/awful
I do wish you luck. Maybe you will be one of the head traders at Goldman taking home 50 million in their technical analysis department!
More at link...
Bad banks -- They're baaack!
Seeking to lure more buyers at a time of intense distress, the FDIC has dusted off the oft-touted, but rarely used, plan of setting up bad banks. Will it work this time?
NEW YORK (Fortune) -- Facing mounting bank failures, regulators are putting a new twist on a familiar idea: splitting a bank's good assets from the bad ones.
The Federal Deposit Insurance Corp. said last month it would consider splitting the toxic assets of a failed bank from its more valuable parts, such as deposits and loans that aren't going sour.
The goal is to help the FDIC, facing the biggest wave of bank failures in almost two decades, find new buyers for the remains of failed banks while limiting losses on its depleted insurance fund.
"This helps us widen the net in marketing bank assets," said FDIC spokesman David Barr. "When you have the inventory we have, you look for different ways to try to sell it."
Pimco Says Dollar to Fall as It Loses Reserve Status (Update1)
Aug. 19 (Bloomberg) -- Pacific Investment Management Co., which runs the world’s biggest bond fund, said the dollar will probably fall as it loses its status as a reserve currency.
The dollar will especially drop against emerging-market counterparts, Curtis A. Mewbourne, a Pimco portfolio manager, wrote in a report on the company’s Web site. Investors should consider cutting their holdings of the U.S. currency, he said.
“While we have not yet reached the point where a new global reserve currency will arise, we are clearly seeing a loss of status for the U.S. dollar as a store of value even in the absence of a single viable alternative,” Mewbourne wrote.
The Dollar Index, which Intercontinental Exchange Inc. uses to track the greenback against the currencies of six major U.S. trading partners including the euro and yen, fell about 3 percent this year.
Pimco, based in Newport Beach, California, is a unit of Munich-based insurer Allianz SE.
China massively offloads US debt holdings first time in 2009
According to the data published by the US Treasury Department on August 17, by the end of June, China's holdings of US Treasury Bonds (T-bonds) totaled 776.4 billion USD, down 25.1 billion, or 3.13 percent compared with the country's 801.5 billion USD T-bonds holdings in May, indicating China's first massive offload of US debt in 2009.
Japan, the second biggest holder of US T-bonds has purchased 34.6 billion USD of US T-bonds in June, adding its total US T-bonds holdings to 711.8 billion USD. The UK, US debt's third biggest holder, holds 214 billion USD T-bonds by the end of June, up 50.2 billion, or 30.6 percent compared to its 163.8 billion USD of US debt holdings in May.
China has offloaded 4.4 billion USD of US T-bonds in April and increased its holdings by 38 billion USD in May.
By People's Daily Online
Originally posted by fromunclexcommunicate
reply to post by stander
54 points sounds about right leaving out any human exuberance factor.