I Called My Bank on Friday
#1
Posted 11 October 2008 - 03:51 PM
#2
Posted 11 October 2008 - 04:14 PM
I can't find any either. IMO just media pumping fear before election.So, I guess there is not a credit crisis.
I have been looking for hard evidence of a credit crisis but I haven't seen any.
James
As far as bad economy, went to eat out last night, waited 30 min for seat at APPLEBY'S and the mall was packed and all the local High Schools were playing their Friday night games at home. Traffic was a nightmare.
Gasoline here is now down to $3.41 in some stations and we still have short supply.
A DOG ALWAYS OFFERS UNCONDITIONAL LOVE. CATS HAVE TO THINK ABOUT IT!!
#3
Posted 11 October 2008 - 04:24 PM
Edited by AChartist, 11 October 2008 - 04:25 PM.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
#4
Posted 11 October 2008 - 04:26 PM
#5
Posted 11 October 2008 - 04:31 PM
http://news.yahoo.co...us_financial3_4
ed rader
Edited by ed rader, 11 October 2008 - 04:33 PM.
#6
Posted 11 October 2008 - 04:36 PM
#7
Posted 11 October 2008 - 04:43 PM
okay. let's say there is no credit crisis here or abroad. just why exactly do you figure we are being lied to ?
ed rader
Ed
You tell us. I'd like to hear your take. The record for two straight weeks in M1 indicates that everyone is lending with both hands. I can be taught. All I need are a few facts.
With respect to the 90 billion or so increase in M1 during the last two reporting periods, I suppose it could be the sum of two mammoth sized deposits by the fed and its sitting in dealer accounts unlent.
Unless that is the case, M1 cannot increase unless money is being loaned. It is not possible mathematically
James
#8
Posted 11 October 2008 - 04:50 PM
#9
Posted 11 October 2008 - 05:03 PM
okay. let's say there is no credit crisis here or abroad. just why exactly do you figure we are being lied to ?
ed rader
Ed
You tell us. I'd like to hear your take. The record for two straight weeks in M1 indicates that everyone is lending with both hands. I can be taught. All I need are a few facts.
With respect to the 90 billion or so increase in M1 during the last two reporting periods, I suppose it could be the sum of two mammoth sized deposits by the fed and its sitting in dealer accounts unlent.
Unless that is the case, M1 cannot increase unless money is being loaned. It is not possible mathematically
James
excuse my ingnorance...but would it show up the same way if it was being withdrawn???
#10
Posted 11 October 2008 - 05:04 PM