[ReverseEngineer]

$this->bbcode_second_pass_quote('', ''')'In a fairly Darwinian manner, many hedge funds will simply disappear,'' Roman said. The hedge fund industry is stumbling through its worst year in two decades and posted its biggest monthly drop for a decade in September.
Hedge funds are mostly private pools of capital whose managers participate substantially in the profits from their speculation on whether the price of assets will rise or fall.

[UltraViciousBudgie]

Closing the markets would be like closing a dam's floodgates during a flood.

[crabnebulous]

Read this:
Italian Prime Minister Silvio Berlusconi roiled international markets on Oct. 10, first saying world leaders were discussing shutting down global financial exchanges, and then saying he didn't mean it.

So, how much did ITALY make one this GAFFE? How much money can you make knowing what you say will roil the world markets tomorrow?

certainly he could have made biiionons *considering* the gaffe was preplanned. Isn't it sad, the rich get richer and the poor get poorer.

[crabnebulous]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('', ''')'In a fairly Darwinian manner, many hedge funds will simply disappear,'' Roman said. The hedge fund industry is stumbling through its worst year in two decades and posted its biggest monthly drop for a decade in September.
Hedge funds are mostly private pools of capital whose managers participate substantially in the profits from their speculation on whether the price of assets will rise or fall.

[ReverseEngineer]

$this->bbcode_second_pass_quote('crabnebulous', 'r')emember they are going to collapse their own money alse, just give themselves piles of the new stuff , no problem.

[idiom]

Nations will have to operate on a command economy for a while.

Its getting out of it and back to normality that opens a really dangerous political hole.

[ohcomeon]

$this->bbcode_second_pass_quote('idiom', 'N')ations will have to operate on a command economy for a while. Its getting out of it and back to normality that opens a really dangerous political hole.

[smallpoxgirl]

Timely thread. Trading of S&P and Dow Jones Index futures was halted this morning due to a limit drop. We'll have to see if the indexes themselves follow suit.

[pedalling_faster]

$this->bbcode_second_pass_quote('ohcomeon', '')$this->bbcode_second_pass_quote('idiom', 'N')ations will have to operate on a command economy for a while. Its getting out of it and back to normality that opens a really dangerous political hole.

[Dreamtwister]

I saw something this morning while channel browsing on TV. One of the talking heads on CNN made a passing mention of people not being allowed to "trade on the downside". I didn't catch the context, but that sounds like "not allowed to sell".

They were also talking about the trading curbs again. Not surprising, since the Dow was down ~500 points at the time.

[copious.abundance]

$this->bbcode_second_pass_quote('billg', 'N')otice he says "in coming days", not in the coming weeks or months. [...]

[shortonoil]

$this->bbcode_second_pass_quote('', 'H')edge Funds will fail? That can't happen, they are Too Big to Fail. These are the Ubermeisters, the Super Rich everyone thinks will remain "untouched". Can somebody explain to me how the Rich are going to stay rich here?

[patience]

Hey, Short! I've missed your posts for a while.
Care to comment on the GEAB/LEAP 2020 prediction? They said the US would go to default by summer of 2009. I think it meant an inability to sell Treasuries fast enough.

Personally, with little insight into these things, all I can do is try to pay attention to those who do understand them.

edit: "..enough people wake up....", meaning foreigners who have been buying Treasuries?

[shortonoil]

Hi patience$this->bbcode_second_pass_quote('', 'H')ey, Short! I've missed your posts ffor a while.
Care to comment on the GEAB/LEAP 2020 prediction? They said the US would go to default by summer of 2009. I think it meant an inability to sell Treasuries fast enough.
Personally, with little insight into these things, all I can do is try to pay attention to those who do understand them.
edit: "..enough people wake up....", meaning foreigners who have been buying Treasuries?

[patience]

Shortonoil,

Thanks for the insight! We currently have our (only remaining) investment in Treasuries, in my wife's Thrift Savings Plan at her govt job. We want it out of there, so our dilemna devolves to:

1) Take it now, and take a bad tax hit this year, since we also pulled other 401k's last January.

2) Or, take part now, and part after the first of January, 2009, risking that world economics could go blooey before then. An interest rate increase (decrease in sale value of T's) wouldn't be so bad, but who knows what measures happen along with it? Well, a small haircut, that is. I can see the possibility of T's going down dramatically, too.

Others have said that foreign buyers could decide to dump T's in a hurry, so there would be little warning. I prefer to stay at least one step ahead of the devil here.

Damn the thieves who put us all in this mess!

[ReverseEngineer]

$this->bbcode_second_pass_quote('shortonoil', 'T')his will end badly, maybe not in a few days, but soon enough. As debt backed fiat is pumped into the system without any debt to back it, asset values are falling $ per $. What is being done is equivalent to discounting Dallas (or some major city) every week.
This can not continue for much longer, as the whole system is losing integrity and will collapse into itself when enough people wake up to what is happening!

[shortonoil]

$this->bbcode_second_pass_quote('', 'C')ertainly its going to end badly, but really could there have been a good end to this? Bankruptcy for the individual is never a pleasant experience, how could bankruptcy for an entire nation, really an entire world be anything but orders of magnitude more unpleasant?
That this nightmare is affecting the psychology here on the board isn't all that surprising, members getting frustrated with each other and attacks made from all sides. People debating the upcoming election as though who is elected here really makes any difference at all? What will be left for Obama to Tax by the time he takes office anyhow?
I remain mystified that the system still is working in any fashion, I remain mystified that the plastic still works. Apparently, at least for a while people can live on a dream. AS you say though, it can't last long. Reverse Engineer

[ReverseEngineer]

$this->bbcode_second_pass_quote('shortonoil', '[')Although many wonderful things have been achieved in the last century, we have led ourselves down a cruel cul-de-sac. For us, as individuals, to duplicate the failures of our society is just confirmation that we lack the common sense that could have prevented us from being put in our present position.

[shortonoil]

$this->bbcode_second_pass_quote('Reverse Engineer', 'T')he further away people get from the actual work it takes to survive, the less common sense they have. We got SOOOO far away from it using the inventions and the thermodynamic power of oil that what was depleted FIRST here was Common Sense. We hit Peak Common Sense probably sometime around 1750, and have been getting Shorter on Common Sense all the time.

[topcat]

$this->bbcode_second_pass_quote('Patience', 'T')hanks for the insight! We currently have our (only remaining) investment in Treasuries, in my wife's Thrift Savings Plan at her govt job. We want it out of there, so our dilemna devolves to: