tag:blogger.com,1999:blog-1207581886255094115.post771641741947368931..comments2024-02-26T05:51:17.859-05:00Comments on Economic Disconnect: WARNING: Objects in Mirror are Closer Than They AppearEconomicDisconnecthttp://www.blogger.com/profile/02802078645713106743noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-1207581886255094115.post-39333865532100239872007-10-16T07:45:00.000-04:002007-10-16T07:45:00.000-04:00I have to agree with the sentiment with the two co...I have to agree with the sentiment with the two comments above. I am not a conspiracy nut usually, but there is some very clear manipulation going on in the markets as of late. Check this post on the Yen's strange behavior over the last few months:<BR/>http://www.oftwominds.com/blogoct07/yen-dow.html<BR/>There are two major differences this time around when it comes to manipulation however:<BR/>1. Tons of independant media are too smart not to see whats going on and report it. (blogs, quality sites like Minyanville)<BR/>2. The FED is not even pretending that they are not involved actively propping up various sectors of the banking industry.<BR/><BR/>Should be interesting anyway you slice it.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-47880034444781088152007-10-15T23:52:00.000-04:002007-10-15T23:52:00.000-04:00Along that same line some other tricks are being u...Along that same line some other tricks are being used to try and stop the sell-off or at least stop that sale at market-determined prices. This one is a play straight from ENRON where loans were sold with a repurchase agreement just to get them off of the books. It is also from naked capitalism:<BR/><BR/>“”Some financial firms have sought in recent weeks to avoid write-downs by selling mortgage positions to hedge funds, with an agreement that allows the hedge fund to sell them back after a set period. A hedge-fund trader says his firm recently bought $1 billion of risky subprime mortgage loans from Bear Stearns with a one-year pact, known as a “mandatory auction call,” under which Bear agrees to participate in an auction for the loans that will provide the hedge fund with a minimum rate of return, according to a person familiar with the situation. “They didn’t want the mortgages on their books,” the hedge-fund manager says.<BR/><BR/>Such financial arrangements typically are considered proper if there’s an economic purpose to the trade and if risk is taken on by both parties. Legal problems could arise if such trades are part of an attempt to conceal a company’s financial picture, regulators say.”"<BR/><BR/>http://www.nakedcapitalism.com/2007/10/wall-street-journal-rewrites-financial.html<BR/>(down teh page)<BR/><BR/>This looks crooked as hell and I wouldn’t be surprised if the Bush administration lets this happen again.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-38251306952169126432007-10-15T23:49:00.000-04:002007-10-15T23:49:00.000-04:00GYSC,Well over the last two weeks I watched the ma...GYSC,<BR/><BR/>Well over the last two weeks I watched the markets act kinda strange. 1. Markets go up...gold and silver under perform...2. Markets go down gold and silver went down to.<BR/><BR/>Now this Monday markets tank while oil and gold rocket up. <BR/><BR/>I am wondering why these things look more like manipulation and less like a free market.<BR/><BR/>Why ... why....???? The more I hear about 1K+ gold prices the more I wish for just a little bit more income to get more eagles with.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1207581886255094115.post-4898271768303014502007-10-15T20:49:00.000-04:002007-10-15T20:49:00.000-04:00Comments are always welcome. Discuss this post, o...Comments are always welcome. Discuss this post, or possible topics you would be interested in a post about.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.com