I wrote you last night about the seriousness of the situation.
We have examined every possible solution to today's problems and find NO PRACTICAL SOLUTION whatsoever.
Today’s multi billion dollar bail out of a cash stripped major international investment banking firm proves my contention that whatever infinite level of liquidity is required will be provided.
Any assumption that these bailout loans are only 28 days is childish. They will ALL be rolled forward at zero or near zero interest into the next lifetime, if required.
This is a modern day Weimar Republic case study.
The following article is from the BBC. Note how careful they are to not say the "D" word, derivatives.
Jim Sinclair
How dangerous is the Bear Stearns situation?
Early Weekend Reading - I
Started by
iloli way
, Mar 14 2008 04:31 PM
1 reply to this topic
#1
iloli way
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iloli = I'm Laws Of Line's I(eye)
Posted 14 March 2008 - 04:31 PM
PRICE IS KING; LINE RULES! - Laws Of Line (LOL) Trading Systems
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
Swing Those Lines: I can calculate the motion of heavenly bodies, but not the madness of people! -- Issac Newton
#2
milbank
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Posted 14 March 2008 - 04:43 PM
Yep. That article pretty much, and very simply, covers it.
Sinclair said the magic word.
Another excuse to post my favorite Weimar photo...
Sinclair said the magic word.
Another excuse to post my favorite Weimar photo...
Edited by milbank, 14 March 2008 - 04:50 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
