Quantcast
Feeds: Email, RSS & Twitter

Get Our Videos By Email

 

8,300 Unique Visitors In The Past Day

 

Powered by Squarespace

 

Search The Archive Of 15,000 Videos

SEARCH THE DAILY BAIL

 

 

Hank Paulson Is A Criminal - Pass It On

"The Federal Reserve Is A Ponzi Scheme"


Get Our Videos By Email

THE FED UNDER FIRE: Must See Clip

Bernanke's Replacement: Happy Hour In Santa Cruz

Must See: National Debt Road Trip

"Of Course We're Not Going To  Payback the Chinese."

Dave Chappelle On White Collar Crime

Carlin: Wall Street Owns Washington

SLIDESHOW - Genius Signs From Irish IMF Protest

SLIDESHOW - Airport Security Cartoons - TSA

Most Recent Comments
Cartoons & Photos
SEARCH
« CHART: Bank Of America Stock Has Fallen 50% In A Month | Main | Flashback: Obama Tells C-Span 'We've Run Out Of Money' »
Monday
Aug082011

Dow Plummets More Than 600 Points

PrintView Printer Friendly Version

EmailEmail Article to Friend

Reader Comments (13)

The REAL Problem With The Downgrade

http://market-ticker.org/akcs-www?post=191700
Aug 8, 2011 at 3:01 PM | Unregistered CommenterLiberatedCitizen
Aug 8, 2011 at 3:11 PM | Registered CommenterDailyBail
Aug 8, 2011 at 3:12 PM | Registered CommenterDailyBail
Aug 8, 2011 at 3:13 PM | Registered CommenterDailyBail
http://www.marketwatch.com/story/bank-of-americas-swoon-hits-financials-2011-08-08

SAN FRANCISCO (MarketWatch) — Shares of two of the largest U.S. banks flirted with 20% losses Monday, leading the financial sector and broader market down as investors fretted about the ripple effects of Standard & Poor’s downgrade of U.S. government debt.
Aug 8, 2011 at 3:14 PM | Registered CommenterDailyBail
WASHINGTON (MarketWatch) - Michael Moran, chief economist at Daiwa Securities America, said he was more confident in his prediction that the Federal Reserve would act Tuesday to try to counter the negative psychology in financial markets. Moran said the Fed would likely decide to lengthen the maturities of its balance sheet at its policy meeting to put downward pressure on long-term interest rates. The message would be that the Fed is "on the job," Moran said. Market psychology has been damaged by the discord in Congress and the downgrade of the U.S. top-tier AAA credit rating, he said.

http://www.marketwatch.com/story/fed-more-likely-to-act-tuesday-economist-2011-08-08
Aug 8, 2011 at 3:15 PM | Registered CommenterDailyBail
Aug 8, 2011 at 3:16 PM | Registered CommenterDailyBail
China's Conundrum: Angry at U.S. but Trapped in Treasurys .

http://online.wsj.com/article/SB10001424053111904140604576496553310745950.html?mod=googlenews_wsj

[snip]

Frustrated as it is over U.S. debt policy, China—America's biggest foreign creditor—is expected to continue buying Treasury bonds, mostly because the alternatives for parking its giant pool of foreign reserve are limited.

Yet Beijing's angry weekend response to news that Standard & Poor's had downgraded the U.S.'s top-notch credit rating is being seen as a powerful warning signal for U.S. politicians. As the holder of more than $1 trillion in Treasurys, China holds America's financial fate in its hands.

Any significant cutback of Treasury funding by China could push up long-term borrowing cost for the U.S. government, consumers and companies. And the display of waning confidence in dollar-denominated assets could severely undermine the dollar's status as the world's primary reserve currency.
Aug 8, 2011 at 6:23 PM | Unregistered Commenterjohn
Last week, Bubba (Who lives down the dirt) had 100 shares.He decided he could fool the market. He sold 25 shares.The market got fidgety. He sold another 25 shares. The market got skeered. He sold another 25 shares & the market panicked.
He sold the last 25 shares this morning. He said he has cash & will buy back the 100 shares when they are cheap.

BUBBA's a GENIUS!!
Aug 8, 2011 at 6:35 PM | Unregistered CommenterTR
S&P Downgrade Only Stokes Panic into Treasury Paper

http://www.zerohedge.com/contributed/sp-downgrade-only-stokes-panic-treasury-paper

I have to wonder if someone knew this would be the result...see my 6:23 post.
Aug 8, 2011 at 6:57 PM | Unregistered Commenterjohn
IT doesn't surprise me at all John. I knew Treasuries would rally based on the fact that there was nowhere else to go today. If you were selling equities in US and Europe, your cash had to go somewhere liquid and safe.
Aug 8, 2011 at 7:11 PM | Registered CommenterDailyBail

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Post:
 
All HTML will be escaped. Hyperlinks will be created for URLs automatically.