according to experts, the federal reserve can increase interest rates to strengthen the Dollar(it has been done before) downside of it is it sinks the stock market, they also say, that economies in Asia And Europe run into Trouble and this will also help strengthen the dollar. So be patient and wait for the dollar to stabilize but if you are an impatient mafucka, you can invest in foreign stocks...
How do you beat a recession???
- Thread starter water
- Start date
I co-sign this also get on your knees and pray and afterthat get up and find a second hustle.
Tried and true. Booze, food, tabacco, and healthcare.
They do well regardless of the economy but really shine in slow times.
Don't overlook commodities like steel, gold, and iron. Drug companies are worth looking at too.
Buy a lot of bologny and spam.These two products will do great on the stock market as well.
Might need to re-name this, how to beat a depression
true ... difference is ... there are gonna be a bunch of people who are still making out well or that can ride it out.
i feel sorry for all the brothas on here that STILL are NOT aware of the true nature of this situation. not too many of US out there man. what's your plan? i'm gonna be heading to mexico.
to the cats in here that still think the stock market will come back, don't you know that you will LOSE ALL YOUR MONEY if it his rock bottom? you aint gettin that shit back!
Bear Sterns - sold by Monday or it's bankruptcy
This reads like fiction - this is seriously scary.
http://business.timesonline.co.uk/to...cle3558485.ece
The Bear Stearns crisis has reinforced the view that the Federal Reserve will cut interest rates this week by 0.75 percentage points, rather than 0.5, which would take the Fed Funds rate down to 2.25% – three points below last year’s peak.
Some analysts even think that the Federal Reserve may try to calm the markets by cutting rates by a full percentage point at its Tuesday meeting.
“We now expect the Fed to cut by 75 basis points on March 18, 50 in April, 50 in June and by a final 25 in early 2009, bringing the Funds rate back down to 1%,” said Ethan Harris, an economist with Lehman Brothers. “Who says history does not repeat itself?”
In Britain, nerves could be set on edge if the February inflation figures – also due out on Tuesday – show a decisive rise above 2.5%, from 2.2% in January.
While Mervyn King, the Bank of England governor, has primed the markets to expect a significant rise in inflation in the coming months, any sign that it was moving higher at an unacceptable pace would be seen as limiting the Bank’s room for manoeuvre on interest rates.
BANK LOSSES KEEP RISING
GOLDMAN SACHS is this week expected to reveal write-downs of more than $3 billion, as Wall Street begins another turbulent quarterly reporting season.
Huge loans for private-equity deals, coupled with a loss on its holding in the Chinese bank ICBC, are behind the write-downs. Goldman is also expected to unveil a 60% drop in earnings.
Lehman Brothers, which secured a new $2 billion credit line on Friday, is expected to reveal write-downs of more than $1 billion.
Morgan Stanley, meanwhile, is poised to reveal a further $500m in write-downs.
Bear Stearns will now publish its results tomorrow.
http://www.cnbc.com/id/23651058/site/14081545
This reads like fiction - this is seriously scary.
http://business.timesonline.co.uk/to...cle3558485.ece
The Bear Stearns crisis has reinforced the view that the Federal Reserve will cut interest rates this week by 0.75 percentage points, rather than 0.5, which would take the Fed Funds rate down to 2.25% – three points below last year’s peak.
Some analysts even think that the Federal Reserve may try to calm the markets by cutting rates by a full percentage point at its Tuesday meeting.
“We now expect the Fed to cut by 75 basis points on March 18, 50 in April, 50 in June and by a final 25 in early 2009, bringing the Funds rate back down to 1%,” said Ethan Harris, an economist with Lehman Brothers. “Who says history does not repeat itself?”
In Britain, nerves could be set on edge if the February inflation figures – also due out on Tuesday – show a decisive rise above 2.5%, from 2.2% in January.
While Mervyn King, the Bank of England governor, has primed the markets to expect a significant rise in inflation in the coming months, any sign that it was moving higher at an unacceptable pace would be seen as limiting the Bank’s room for manoeuvre on interest rates.
BANK LOSSES KEEP RISING
GOLDMAN SACHS is this week expected to reveal write-downs of more than $3 billion, as Wall Street begins another turbulent quarterly reporting season.
Huge loans for private-equity deals, coupled with a loss on its holding in the Chinese bank ICBC, are behind the write-downs. Goldman is also expected to unveil a 60% drop in earnings.
Lehman Brothers, which secured a new $2 billion credit line on Friday, is expected to reveal write-downs of more than $1 billion.
Morgan Stanley, meanwhile, is poised to reveal a further $500m in write-downs.
Bear Stearns will now publish its results tomorrow.
http://www.cnbc.com/id/23651058/site/14081545
The fucked up thing is that the rate will now be 2.25%
That may buy us 3 months until it is 0%................ then what????
I believe this is the BIG one.
Rescue Me: A Fed Bailout Crosses a Line
By GRETCHEN MORGENSON
WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in?
Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have witnessed at banks and brokerage firms for the past year?
Or all of the above?
Stick around, because we’ll soon find out. And it’s not going to be pretty.
If Bear Stearns failed, for example, it would result in a wholesale dumping of mortgage securities and other assets onto a market that is frozen and where buyers are in hiding. This fire sale would force surviving institutions carrying the same types of securities on their books to mark down their positions, generating more margin calls and creating more failures.
To some degree, what happened at Bear, of course, was a classic run on the bank — the kind immortalized in Frank Capra’s homage to financial responsibility, “It’s a Wonderful Life.” As fears about Bear’s financial position heightened, its customers began demanding their cash and big hedge funds that were using the firm as an administrative back office or lender moved their accounts elsewhere.
In addition, institutions that had bought credit default swaps from Bear Stearns, insurance policies that protect against corporate bond defaults, were scrambling to undo those trades as the firm’s ability to pay the claims looked dicier.
“For the government to print money at the expense of taxpayers as opposed to requiring or going about a receivership and wind-down of any insolvent institutions should be troubling to taxpayers and regulators alike,” said Josh Rosner, an analyst at Graham Fisher & Company and an expert on mortgage securities.
“The Fed has now crossed the line in a very clear way on ‘moral hazard,’ because they have opened the door to the view that they are required to save almost any institution through non-recourse loans — except the government doesn’t have the money and it destroys the U.S.’s reputation as the broadest, deepest, most transparent and properly regulated capital market in the world.”
Read the whole article here..
That may buy us 3 months until it is 0%................ then what????
I believe this is the BIG one.
Rescue Me: A Fed Bailout Crosses a Line
By GRETCHEN MORGENSON
WHAT are the consequences of a world in which regulators rescue even the financial institutions whose recklessness and greed helped create the titanic credit mess we are in?
Will the consequences be an even weaker currency, rampant inflation, a continuation of the slow bleed that we have witnessed at banks and brokerage firms for the past year?
Or all of the above?
Stick around, because we’ll soon find out. And it’s not going to be pretty.
If Bear Stearns failed, for example, it would result in a wholesale dumping of mortgage securities and other assets onto a market that is frozen and where buyers are in hiding. This fire sale would force surviving institutions carrying the same types of securities on their books to mark down their positions, generating more margin calls and creating more failures.
To some degree, what happened at Bear, of course, was a classic run on the bank — the kind immortalized in Frank Capra’s homage to financial responsibility, “It’s a Wonderful Life.” As fears about Bear’s financial position heightened, its customers began demanding their cash and big hedge funds that were using the firm as an administrative back office or lender moved their accounts elsewhere.
In addition, institutions that had bought credit default swaps from Bear Stearns, insurance policies that protect against corporate bond defaults, were scrambling to undo those trades as the firm’s ability to pay the claims looked dicier.
“For the government to print money at the expense of taxpayers as opposed to requiring or going about a receivership and wind-down of any insolvent institutions should be troubling to taxpayers and regulators alike,” said Josh Rosner, an analyst at Graham Fisher & Company and an expert on mortgage securities.
“The Fed has now crossed the line in a very clear way on ‘moral hazard,’ because they have opened the door to the view that they are required to save almost any institution through non-recourse loans — except the government doesn’t have the money and it destroys the U.S.’s reputation as the broadest, deepest, most transparent and properly regulated capital market in the world.”
Read the whole article here..
discount rate cut 0.25 right now, lol
http://www.federalreserve.gov/newse...y/20080316a.htm
Press Release
Release Date: March 16, 2008
For immediate release
The Federal Reserve on Sunday announced two initiatives designed to bolster market liquidity and promote orderly market functioning. Liquid, well-functioning markets are essential for the promotion of economic growth.
First, the Federal Reserve Board voted unanimously to authorize the Federal Reserve Bank of New York to create a lending facility to improve the ability of primary dealers to provide financing to participants in securitization markets. This facility will be available for business on Monday, March 17. It will be in place for at least six months and may be extended as conditions warrant. Credit extended to primary dealers under this facility may be collateralized by a broad range of investment-grade debt securities. The interest rate charged on such credit will be the same as the primary credit rate, or discount rate, at the Federal Reserve Bank of New York.
Second, the Federal Reserve Board unanimously approved a request by the Federal Reserve Bank of New York to decrease the primary credit rate from 3-1/2 percent to 3-1/4 percent, effective immediately. This step lowers the spread of the primary credit rate over the Federal Open Market Committee’s target federal funds rate to 1/4 percentage point. The Board also approved an increase in the maximum maturity of primary credit loans to 90 days from 30 days.
The Board also approved the financing arrangement announced by JPMorgan Chase & Co. and The Bear Stearns Companies Inc.
You start a new way of doing business. If globalist want to start a new economy thats on them but everyone doesn't have to go along with it. There is a trillion dollar underground economy in the U.S. those people hustling fake gear, cd's, wii's ain't paying taxes. The drug gangs, thieves, pimps, get paid regardless. The internet is the last chance for people to be free from the establisment. I been saying this for years on the business and political boards. If people don't protect it the big corps will buy it or kill it then we are really fucked.
Good damn question. You beat it by realizing we can organize our own economies and not follow so-called leaders who are on a suicidal death march. I was on the Business board 2 yrs ago telling people we can organize the talents on the this board and the Net to form our own economy. Instead they decided it best to be followers and try to make money dealing in penny stocks or washing windows in the mall. Smh.
I gotta cosign this! The grey market is booming in Chicago. If you aint got a hookup you shouldn't be buying it!
Everybody at my job has a side hustle going on right now, white and black alike.
personal opinion: play small ball until the storm passes-
lol damn homie where you find that statement? I said that shit a long time ago.
Watch bootleg movies.
Take your lunch to work.
Take your lunch to work.
Make DOGG Sportswear, So Good Fashions and Soldier Urban Gear the new fashion statements. Support people's products who frequent this board and make their brands household names. Share the wealth with people who supported the cause. By doing this you put your future in your hands.
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