Hmmm I guess yesterday's French sentence can be mostly re-used.
Hier, les Bourses replongent.
Translation - "yesterday, the markets plunged again." That French verb, "replonger" might be the label for this market, as it means "to plunge again."
WSJ has a story about more and more liquidations of hedge funds and redemptions. Perhaps more of this is coming. Beefers are the "root" cause of all the problems of this economy and market. Colossal sums invested by the greedy and dumb rich in speculative funds instead of new growth businesses led to the housing bubble, commodity bubble and all this insane volatility as they are liquidated.
You ask, how did hedge funds cause the housing bubble ? Who do you think bought the subordinated classes of all those subprime CDOs ? Without those buyers, the junk mortgages could not have been securitized and hence never created.
Sarkozy of France has suggested some regulations or restrictions on hedge funds. I hope other world leaders listen.
The jobs number will likely be quite bad.
Actions
Doing nothing. The DRYS secondary has crushed my shipping stocks. Ugh... I guess the lenders are pushing these companies to raise equity as a cushion. To me, they are risky, but quite valuable companies IFF they survive. Time will tell.
Word of the Day
"Viand" - noun [$10] formal
Viand means 1. an article of food; 2. (in plural) provisions, victuals.
Sentence: Will the future look back on today's financial turmoil to see the caricature of a former hedge fund manager in a tuxedo seeking viands on the streets of New York ?
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24 comments:
'dumb rich'
lmaooooooooooooooo
PS.......i'm super dumb.....why am i not rich Bman???
i read that article on hedge funds in the wsj
the free market doin it's job......once the weak have been eliminated this too shall pass
Bman who are you going to speak french with ?? that really is the quickest way to improve
i doubt anyone at your 2nd amendment club speaks french
i don't think the beefers caused the housing bubble........it was part of the economic cycle .....sprinkle in some low rates and greed
beefers came in late .......and caused alot of damage.......but the bubble was well underway
Mrs. B can speak some French :-)
Timothy Geitner or Lawrence Summers for Treasury Secretary....who do you like better Bman?
I'll assume Summers as he went to the same community college that you did :)
we r in big trouble with the spear chucker coming in.
he is gonna fuck all the greatness that bush made in the last 8 yrs.
i hope obama doesnt repeal cap gains taxes...........
oops no one has them.
looking that economy one wud think the left ran the show for the last 8 yrs.
obamas key job now is like a new CEO. set the bar so low, and write everything but the kitchen sink before taking office.
as we all know most americans r too dumb to understand this, so after about 6 months of obama, whitey probably tries to kill him.
bman does spanish count as a second language?
guess i better learn that.
que pasa?
beefers were not a sole cause of the housing bubble, but were a necessary condition, in my opinion.
I prefer Geitner.
I do not care for Summers. Yes, I think he & I share an alma mater - graduate school.
I see he attended MIT as undergradaute.
Spanish can be a second language, but is not literary.
I could say more, but won't.
btw, my primary objective is to be able to read French literature.
but speaking in Quebec or Paris is a good secondary objective.
Quebec has some nice "establishments" where you can use your French skills, Bunkerman....
you mean restaurants, of course ?
;-)
commander/cheif elect to calm the masses today...get chills when he slips into that rolling baptis minister twang...where did I leave that friken tambourine.
Bunky...not just the beefers...how can they continue to trade GM stock...it is worthless govt skim or not...worthless..that sir makes me sick.
Bud how are we looking on the weekend picks?
GM stock has been worthless for years.
I remember in B-school almost 30 years ago having discussion on how auto industry could survive.
They got sooooo many chances to reform, but never did ... opportunities squandered by management.
Going to MG range for practice.
Have a good weekend.
north carolina -4 ........i really like what butch davis is building
rutgers -14 .......sheeeesh.....what type of conference is the bigeast?......the hi-school teams in the big12 wud crush 'cuse.....actually they wud crush the scarlett knights too
alabama -3.5 ......too much talent.....saban goin to the SEC championship game against the gators
vanderbilt +24 .....did the gators even practice this week ????
and this is my game of the year......double up on this....actually....triple up
ok state +4 .......cowboys have not won in lubbock since since before the great depression.....the streak is over.....after party at boone's ranch
PS.....are you f'ng kiddin me? cyclones getting 10 at boulder....we beat them last year
I actually like that Oklahoma St pick...we are doomed for sure...
omg.......does america realize what it just did
this shine is gonna help with our economic woes ??? huh ???
dumb rich ??......no......dumb americans
"this shine"
lmaoooooooooooooooooooo
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