[BITList] financials

[realm33 at msn.com]

yes, hugh

the financial market is very interesting at the moment: the dollar is increasing, gold not much change, oil down, dow down 777 but rapidly rebounded....

all this in time of crisis - it's unheard of..................

however, there appears to be a driving force behind this anomaly   - the US treasury!

reportedly the treasury has applied about $750 billion in strategic areas to prop up the US dollar, help banks and generally fiddle with the market.

I thought china and others, moving quietly out of US dollars (as far as possible) and into gold, would have affected to price of bullion greatly, but that doesn't seem to be the case. they seem to be clever enough to not make it too obvious what they are doing, and thus affect bullion pricing as little as possible.

there seems to be a modicum of truth in bird and fortune's parody.

sunny, dry day here in the big stupid - 80 deg ef

colin
  ----- Original Message ----- 
  From: HUGH MCINTYRE<mailto:chakdara at btinternet.com> 
  To: bitlist at lists.bcn.mythic-beasts.com<mailto:bitlist at lists.bcn.mythic-beasts.com> 
  Sent: Wednesday, October 01, 2008 10:15 AM
  Subject: Re: [BITList] Explaining the subprime issue


  Colin,

  Bird and Fortune are masters of that kind of send up.  Much of the time I get the impression they extemporise it. From this morning's papers here, I read that the proposed merger of the Bank of Scotland and another was threatened by speculators betting that the merger would not take place, thus bringing down share prices and hastening that very thing by lowering the bank value below the offer. I'd shoot them - China has the right idea.

  Hugh.

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