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Originally posted by St Udio
both Bernanke and Paulson....
Originally posted by cpdaman
FOREIGN Central banks traded in one dollar asset for the other in 08, and the fed had to back stop the (dollar asset) that foreign central banks dumped in 08 (U.S agency debt i.e Fannie mae bonds, etc). the selling of this agency debt in exchange for the buying of treasury's STRongly contributed to the treasury rally. the central banks have little more agency debt to sell, so the demand for treasury's should not ramp up any higher.
What do you think the foreign central banks will buy when they feel less confident in treasury debt ................or need to sell liquid (dollar assets)/treasury's to keep there currency's from falling too fast..........
GOLD? .....[edit on 14-1-2009 by cpdaman]
This interlocking…is the new reality of the century, with profound implications for the shape of our institutions of governance, national and international. By the year 2012, these changes must be fully integrated into our economic and political life.”
Everywhere from Argentina and Mexico to Australia, New Zealand and even the once-rich Middle East, the worldwide debt crisis, the bust in commodities and the sharp slowdown in global trade are transforming massive booms into instant recessions.
It's happening fast and it's accelerating. Government rescue programs aren't nearly enough to turn the tide. And it's another key reason you must approach 2009 with great caution.
Stick with safety. Don't veer from the course I have laid out for avoiding the dangers. Wait for the truly big price declines ahead before reinvesting!
Originally posted by Melissa101
Here is my list of things that I believe will blow up next in chronological order:
1. Small business's will fail in the masses
2. Restaurant chains will fail in the masses
3. Commercial real estate will collapse
4. States will fail like dominos
5. Due to the above large corporations will not be able to sell their goods
because no one will be able to afford them due to massive job loss and
we will see those that were recently bailed out collapse.
I think the government is aware of this and is making a last ditch effort (with the bailouts') to show the people that they made an attempt and cannot be blamed because they “tried”. This is just my theory based on what I have been observing.