Forum Archive Index - August 2002

["Nick Kearney" <nickk@quicksilver.net.nz>]

Yep.....capitalist had a go at me....i'll reply with some sarcasm

beaks
----- Original Message -----
From: "Steven Tong" <soarer2@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Saturday, August 10, 2002 10:32 AM
Subject: [sharechat] Tick Tock


> Nick,
>
>
> It would appear nobody else is concerned about these  developments,  this
> time bomb will go off and New Zealands geographical isolation will not
save
> us.
>
> Dow - Short
> Gold - Long
>
>
>
>
>
> ----- Original Message -----
> From: <nickk@quicksilver.net.nz>
> To: <sharechat@sharechat.co.nz>
> Sent: Friday, August 09, 2002 8:18 PM
> Subject: [sharechat] IMF
>
>
> >
> > Interesting news overnight.  Steven's post was startling and the IMF
news
> > even more so.  Why didn't they just give the money to Shittigroup and/or
> > JPMC?  That is the net effect.  Where does IMF money come from?  The
> banks.
> > It is a short term solution to a long term problem and the DOW
> overreacted.
> > The loan took the heat off US banks in the short term.  It also
> represented
> > a change in stance for the US government.
> >
> > Since the IMF loans are funded by major banks all over the world it is
> > obvious the banks knew it was in progress.  Conspiracy theorists might
> > speculate that Alan Greenspan blessed it as a way to support the US
> markets
> > without having to cut rates.  Time will tell there.
> >
> > I've read that major US banks have about a $30 billion exposure in
Brazil
> > already and had the country gone under would have had serious
implications
> > for the US.  It still  might have.  The Fed have obviously made a
decision
> > that any measure be taken to keep the US stock markets from melting down
> > before November elections.  The PPT has been busy for a while now.  With
> > insolvency rumors swirling around JPMC and Shittigroup the Fed decided
to
> do
> > whatever it took to protect the markets - simple as that. The IMF move
in
> > Brazil is one of those steps.  Brazil's debt is at $500 billion.  There
is
> > no hope it can avoid a default and the loan was only a stop-gap measure.
> > What you did not hear in most media was that they would only get $6
> billion
> > this year.
> >
> > IMHO the world outlook has not changed.  Watch for Greenspan's bullish
> > statement this week when the Fed reserve meets.  Again, IMHO it is all
hot
> > air.
> >
> > Have a good weekend everyone.
> >
> > Nk
> >
> >
>
> --------------------------------------------------------------------------
> --
> > To remove yourself from this list, please use the form at
> > http://www.sharechat.co.nz/chat/forum/
> >
> >
>
>
>
> --------------------------------------------------------------------------
--
> To remove yourself from this list, please use the form at
> http://www.sharechat.co.nz/chat/forum/
>
>


----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/chat/forum/