Bulls Back On Defense As Stocks Point To Early Weakness

[Paul Mackin]

----- Original Message ----- 
From: "rich" <richard.romeo at gmail.com>
To: "Pynchon Liste" <pynchon-l at waste.org>
Sent: Thursday, March 19, 2009 2:30 PM
Subject: Re: Bulls Back On Defense As Stocks Point To Early Weakness


> essentially our answer to the problem is.. to just print more money

Essentially it's probably the correct action.  The function of the central 
bank is to create money when it is needed.




>
> weakness didn't happen because the fed bought up to $1 trillion worth
> of treasury bonds, but its balance sheet is now heavier than a
> hash-filled head (I know old news)
>
> (the fed, representing the gov't is buying up monies floated by self-same 
> gov't)
>
> short-term stability, long-term rectal fear of inflation and the yuan
>
> that's the only thing the US is good at--paying someone off (see Major
> Marvy in that whorehouse scene.  oboy)
>
> a beautifully layered creationless self-suck
> inflation has to be good for something, no?
>
> rich
>
> On 3/18/09, Robin Landseadel <robinlandseadel at comcast.net> wrote:
>>  From today's Barron's:
>>
>> U.S. equities are expected to trade lower from the opening of
>> the session Wednesday in another threat to the durability of the
>> recent rally, as investors await the latest from the Federal
>> Reserve’s policy-setting board, and watch the drama of
>> American International Group (AIG) unfold like the black humor
>> of a Thomas Pynchon novel.
>>
>> http://blogs.barrons.com/stockstowatchtoday/2009/03/18/bulls-back-on-defense-as-stocks-point-to-early-weakness/
>>
>