[kadoomsoon]

Pumpin Ben has flagged his intentions:

WASHINGTON (AP) -- The Federal Reserve pumped $41 billion into the U.S. financial system Thursday, the largest cash infusion since September 2001, to help companies get through a credit crunch.

The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by the credit troubles.

Anyway, enjoy the last year you will have without economic crisis, Happy new year!

[eXpat]

kadoomsoon wrote:

$this->bbcode_second_pass_quote('', 'A')nyway, enjoy the last year you will have without economic crisis, Happy new year!

[Cobra_Strike]

There was a big decline today on credit troubles...so this is hardly a suprise, emergency countermeasures.

[sittinguy]

I"M FREAKIN OUT

[MacG]

Ehhh... Is 2007 over already? Last time I checked it was Nov... Two months to go.

[PrairieMule]

$this->bbcode_second_pass_quote('kadoomsoon', '
')The action comes one day after Fed Chairman Ben Bernanke and all but one of his central bank colleagues voted to slice a key interest rate for the second time in six weeks to protect the economy from the ill effects of collapse in the housing market, aggravated by the credit troubles.

[RedStateGreen]

[Revi]

Why did the Dow go down 360 points a day after getting two rate cuts and a big fix of liquidity? What's going on? I think that the collapse is on its way now. Nothing we can do about it.

[jasonraymondson]

God that would be so friggen great. Come on collapse. I don't want to wait until I am to old to fight the zombie hordes.

Lets crash the whole system now.

Lets party like its 1292

[Bas]

$this->bbcode_second_pass_quote('jasonraymondson', 'G')od that would be so friggen great. Come on collapse. I don't want to wait until I am to old to fight the zombie hordes.

Lets crash the whole system now.

Lets party like its 1292

[rostov]

Guys,

This is news which is way too magnified. If you look at TOMO:

http://www.gmtfo.com/reporeader/OMOps.aspx

Today 42.5b matures (gets returned to the fed). Afterwhich 41b gets approved (lent out). This is net decrease of 1.5b. So the news focuses on 41b without elaboration.

The only numbers worth of note is that of this 41b lent out, 27b is MBS. Very worrying figures. One of them actually borrowed from Fed 21b, of which 20b is MBS (which we know is already very very worthless)

The S&P going down is only 1/2 the story. Australia had a pump (trading hours) and dump (after hours), and the Europeans had a dump as well (brought down the S&P). What you saw on the S&P was only 1/2 of what already happened 18 hours prior. Key element here: folks realised the Fed were telling the equities -- you're on drugs, and here's the last fix folks -- no more from us until 6 weeks later.

Those who do intra-week trading would've ridden from the ASX after-hours across all boards (ASX, FTSE/DAX, S&P) to have a nice ride. IMHO I don't know if it will go down further on Friday. Right now ASX is level, so I'll get to know in 6 hours time.

Folks like Roccman would relay an S&P to be around 800ish, and I will tend to agree except that nobody knows if its a fast or slow target.

[PeakingAroundtheCorner]

$this->bbcode_second_pass_quote('jasonraymondson', 'G')od that would be so friggen great. Come on collapse. I don't want to wait until I am to old to fight the zombie hordes.

Lets crash the whole system now.

Lets party like its 1292

[Revi]

Even Marketwatch sounds an awful lot like us Peak Oilers. they even mention it in their byline. Check out the "there's no doubt about it, peak oil is here" in this article. I like the reccomendation to buy alternatives. Maybe there is a silver lining in this cloud:

Link

[jasonraymondson]

$this->bbcode_second_pass_quote('Bas', '')$this->bbcode_second_pass_quote('jasonraymondson', 'G')od that would be so friggen great. Come on collapse. I don't want to wait until I am to old to fight the zombie hordes.

Lets crash the whole system now.

Lets party like its 1292

[mercurygirl]

So, is the major crash going to come before or after the election?

I rely on all you people with the crystal balls, you know.

[bodigami]

$this->bbcode_second_pass_quote('eXpat', '[')b]kadoomsoon wrote:

$this->bbcode_second_pass_quote('', 'A')nyway, enjoy the last year you will have without economic crisis, Happy new year!

[static66]

We are on the cusp of economic collapse right now... it is Sunday November 11 and we had a real hiccup last week losing 600+ points off the DoH Jones... Mondays are always nice for a mass exodus out of market... lets see if the electronic stoppers work their magic or if the weekend was spent figuring out how to get around them...... I say we will see some serious shit before we see '08.

[static66]

We are on the cusp of economic collapse right now... it is Sunday November 11 and we had a real hiccup last week losing 600+ points off the DoH Jones... Mondays are always nice for a mass exodus out of market... lets see if the electronic stoppers work their magic or if the weekend was spent figuring out how to get around them...... I say we will see some serious shit before we see '08.

[roccman]

$this->bbcode_second_pass_quote('mercurygirl', 'S')o, is the major crash going to come before or after the election?

I rely on all you people with the crystal balls, you know.

[Zardoz]

Nah. We underestimate the power of the Plunge Protection Team, and how determined TPTB are to keep this smoke-and-mirrors charade going.

They can't stop it from happening, but they can stretch it out for a long time. We'll see a slow, agonizing decline over a period of years, not a sudden crash. Psychologically, that may be worse than a fast collapse.

It'll be horrible to watch.