6 replies to this topic

[spielchekr]

More stuff you never get to read in the US:
"Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East." ...
http://www.telegraph...bcnsaudi119.xml

[briarberry]

sounds like some of these big deal makers still aren't happy even after a 1/2pt rate cut...

NYTimes

Yet another major buyout deal may be on the rocks.

The consortium that had agreed to buy Sallie Mae for $25 billion plans to return to the negotiating table and seek a lower price, people close to the group said yesterday. If the group fails, it may move to scuttle the deal.

If that happened, the deal would become the biggest casualty of the tighter credit market, which persists despite the Federal Reserve’s decision on Tuesday to cut interest rates. NYTimes

thought this was interesting too, if you've not seen it...

Edited by briarberry, 20 September 2007 - 06:33 AM.

[briarberry]

Hello, if you read his blog, he thinks that the Euro could be in trouble too

More stuff you never get to read in the US:
"Saudi Arabia has refused to cut interest rates in lockstep with the US Federal Reserve for the first time, signalling that the oil-rich Gulf kingdom is preparing to break the dollar currency peg in a move that risks setting off a stampede out of the dollar across the Middle East." ...
http://www.telegraph...bcnsaudi119.xml

From his blog written in July it sounds like Spain & Italy are in just as bad situation as Florida, Nevada & Califonia (the UK too has an over extended property market)

I have been deeply involved in EU affairs for a decade, and spent five years covering the beast in Brussels. One thing I learned is that EMU experts at the European Commission and the ECB are very worried that the ever-growing divergences between North and South will lead to a systemic crisis for the euro, and may destroy the EU itself. One day, the greater public will find out what the insiders really think. They may be shocked. Telegraph Blog

Edited by briarberry, 20 September 2007 - 08:09 AM.

[Jnavin]

But, Ben Bernanke has a PhD...

[briarberry]

yes I know, I've heard Ben Banky has a PhD in printing money (I guess that is what you ment ) I guess that's why Gold is doing so well ?? maybees

Edited by briarberry, 20 September 2007 - 09:14 AM.

[spielchekr]

New all-time low, I see.
http://futuresource....t...;b=LINE&st=

Edited by spielchekr, 20 September 2007 - 11:26 AM.

[Douglas]

yes I know, I've heard Ben Banky has a PhD in printing money

(I guess that is what you ment )

I guess that's why Gold is doing so well ?? maybees

Didn't you know. PhD stands for piled high and deep!!!