Yeah whats with the word 'manipulation'? There are so many youtube videos claiming various things are being 'manipulated' by <insert bogey-man here>. Especially gold and silver. Whenever the price is going up they chant "see, we told you so", and whenever the price is going down they chant "the manipulators are doing this!". It's a hootout of interest which part was the 'manipulation' do you think?
looks to me like it was the push up to 50 given how quick it was. clearly the market doesn't seem to think thats an accurate value given recent behaviour
WASHINGTON ”” Three days before the US public debt hits its legal limit, US Treasury Secretary Timothy Geithner urged lawmakers to lift the ceiling to ensure confidence remains in the world's largest economy.
"On Monday, May 16 -- just three days from today -- the United States will reach the debt limit set by Congress," Geithner said.
"I want to again encourage Congress to move as quickly as possible, so that all Americans will remain confident that the United States will meet all of its obligations -- not just our interest payments but also our commitments to our seniors," he said.
The limit will be hit next Monday, after this week's Treasury Department debt auctions are settled.
Geithner said that because of Congress's failure to act in a timely manner to raise the debt ceiling, the Treasury had begun a series of extraordinary measures that will give the legislature extra time to raise the ceiling and avert a government default on its obligations.
Recently, negotiations over our long-run fiscal policies have become tied to the issue of raising the statutory limit for federal debt. I fully understand the desire to use the debt limit deadline to force some necessary and difficult fiscal policy adjustments, but the debt limit is the wrong tool for that important job. Failing to raise the debt ceiling in a timely way would be self-defeating if the objective is to chart a course toward a better fiscal situation for our nation
Whatever happened to this great old thread?
Seems strangely topical (again).
Whatever happened to this great old thread?
Seems strangely topical (again).
Someone always comes back and bumps this thread after a 10% fall.
Why not say something before it happens....
And the irony is that its probably time to buy.
Someone always comes back and bumps this thread after a 10% fall.
Why not say something before it happens....
And the irony is that its probably time to buy.
And to think that just when all those 'green shoots' have germinated into a 'recovery', the Fed takes away the drugs? I'm no TA, but the Fed will need to 'support' the Dow above 12500 for the 'recovery' to continue? A little bit of distribution happening.......and a descending triangle.....?
Someone always comes back and bumps this thread after a 10% fall.
Why not say something before it happens....
And the irony is that its probably time to buy.
Now there are 2 choices. The charts say this is a bear market with months or years to run. If you buy now, it's because you're expecting a rerun of March 09, or you're very nimble. Which is it?
Except that wasn't the supposed "inspiring" part. His cavalier way of embracing it was... wait, I did make that obvious if you read the rest.Welcome to reality??
Except that wasn't the supposed "inspiring" part. His cavalier way of embracing it was... wait, I did make that obvious if you read the rest.
Unless of course you find our demise motivational and something to look forward to.
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