[OilIsMastery]

$this->bbcode_second_pass_quote('firestarter', 'A')ll major indexes down. Dow down 384.

Anyone want to go long into the weekend?

[firestarter]

$this->bbcode_second_pass_quote('OilIsMastery', '')$this->bbcode_second_pass_quote('firestarter', 'A')ll major indexes down. Dow down 384.

Anyone want to go long into the weekend?

[Twilight]

The CNBC video section is hilarious today.

Bush on Spending
Bush on Corporate Taxes
Bush on Housing Crisis
Bush on Housing & Economy
Bush on the Economy
Reasons to Be Optimistic (won't play)

Come on people, you can tell yourself the fundamentals are strong all by yourself!

[OilIsMastery]

$this->bbcode_second_pass_quote('firestarter', '')$this->bbcode_second_pass_quote('OilIsMastery', '')$this->bbcode_second_pass_quote('firestarter', 'A')ll major indexes down. Dow down 384.

Anyone want to go long into the weekend?

[dukey]

the stock market is going down
aint nothing gonna stop it

This is another engineered 1929 style crash (probably), although they may try to bring us down slowly.

$this->bbcode_second_pass_quote('', 'F')ormer World Bank Chief Economist Predicts Global Crash

[OilIsMastery]

$this->bbcode_second_pass_quote('dukey', 't')he stock market is going down
aint nothing gonna stop it

This is another engineered 1929 style crash (probably), although they may try to bring us down slowly.

$this->bbcode_second_pass_quote('', 'F')ormer World Bank Chief Economist Predicts Global Crash

[dorlomin]

And not either US Fed interest rates or some other US measure?

[IslandCrow]

Probably because (up till now) most of the extra money needed by banks to loan out as mortgages (ie on top of the deposits customers make) have had to be borrowed from other banks/financial institutions. Thus LIBOR, which is the rate banks lend to banks would be a good choice for a benchmark as it reflects the costs the bank has.

Before the credit crisis the interbank rates were close to that of the government debt. However, as the credit crises has hit, and banks have been more afraid to lend to other banks (not knowing what "toxic waste" they have on the balance sheet) the interbank rate has shot up much higher than the government rates.

The benefit for many banks is that this higher rate allows for more profit, and the banks desperately need to make a large profit to counteract all the sub-prime and other loans that have gone bad.

[roccman]

Probably posted somewhere elses, but this is herculian in scale!!
Latest on Bloomberg...Bankers Group Reviews Libor Amid Manipulation Concern and Discussion at TF

This has the markings of a black swan!!

[Eli]

This means no banks are lending to each other, and after the largest world wide liquidity injection ever by FCB's and the Fed, the banking market is in complete lock up.

If this continues any amount of time Banks that need cash badly go TU in a hurry.

[Snowrunner]

You know, links would be REALLY nice with these posts if it isn't too much to ask for.

[Jotapay]

link . It looks like it might be over if this doesn't unlock.

[Revi]

What does this mean to us? Are the banks going to run out of funds, or are they not borrowing because the rate was too high or what?

[IndigoMoon]

I searched it for you. Quite a few stories out there available. Link

[Jotapay]

$this->bbcode_second_pass_quote('Revi', 'W')hat does this mean to us? Are the banks going to run out of funds, or are they not borrowing because the rate was too high or what?

[Dreamtwister]

$this->bbcode_second_pass_quote('Jotapay', '[')s]Small[/s] ALL banks that need loans (might be on the verge of being in trouble) are SOL.

[HEADER_RACK]

In other words DEFLATION

[Jotapay]

$this->bbcode_second_pass_quote('HEADER_RACK', 'I')n other words DEFLATION

[Delphis]

If you haven't already, you may want to watch these...

link and link

Do we have an answer yet as to why Japan requested a $60B swap line and isn't using the $1T they already have...
Please respond,
D.

Fixed links. Please use the hyperlink function. Thank you. -FL

[sjn]

$this->bbcode_second_pass_quote('Jotapay', '')$this->bbcode_second_pass_quote('HEADER_RACK', 'I')n other words DEFLATION