| View previous topic :: View next topic |
| Author |
Message |
Roccland
Peak Oil Prophet
Joined: Jun 16, 2007
Posts: 1696
|
 Posted: Wed Oct 01, 2008 5:49 am Post subject: Money markets remain paralyzed... |
  |
|
Link
| Quote: | Central banks globally have unleashed billions of dollars into money markets hoping to loosen the paralysis. The Bank of Japan and the Reserve Bank of Australia kept the money flowing on Wednesday, injecting extra funds into their markets as banks still had trouble securing cash.
Market players had hoped the start of a new business quarter in October might thaw trading in short-term cash, but instead there were few signs of improvement.
Money markets have frozen up since the bankruptcy of Lehman and nationalisation of other major financial institutions in the United States and Europe has made banks very wary of lending to each other.
Some analysts have said that major central banks may consider cutting interest rates in a coordinated move to help give a boost to investors and limit the economic fallout from the crisis, but a solution to the money market breakdown remained elusive.
"It's not going to solve the core problem, no one is lending to each other. I don't know how to fix that," said Gerrard Katz, head of North Asia currency trading at Standard Chartered in Hong Kong.
"If people can't fund themselves through the money market or swaps, they they have to go out and buy dollars. That's what we've descended into," he said. |
IT'S BUNKER TIME!!!!
_________________
500 MPH into a brick wall - me |
|
| Back to top |
|
 |
ohanian
Light Sweet Crude
Joined: Oct 17, 2004
Posts: 1148
|
| Posted: Wed Oct 01, 2008 5:52 am Post subject: Re: Money markets remain paralyzed... |
|
|
| I predict ZIRP |
|
| Back to top |
|
|
TheDude
Expert
Joined: Apr 06, 2006
Posts: 3626
Location: 3 miles NW of Champoeg, Republic of Cascadia
|
| Posted: Wed Oct 01, 2008 5:59 am Post subject: Re: Money markets remain paralyzed... |
|
|
Where does the carry trade go, then? Underground? 
"Bunker"? Like SS-20 proof? Is MAD a viable technique for avoiding a Lost Decade?
_________________
Cogito, ergo non satis bibivi
C'mon man, who're you gonna believe? |
|
| Back to top |
|
|
americandream
Fission
![]()
Joined: Oct 18, 2004
Posts: 2130
Location: kiwibush
|
| Posted: Wed Oct 01, 2008 6:27 am Post subject: Re: Money markets remain paralyzed... |
|
|
| TheDude wrote: | Where does the carry trade go, then? Underground?
"Bunker"? Like SS-20 proof? Is MAD a viable technique for avoiding a Lost Decade? |
No funds, no carry. I suspect that trading brokerages will soon be feeling the pinch as the funds for retailer leveraging dry up. Here's hoping a few survive.
_________________
Bugger me, I hear oil's runnin out mate! |
|
| Back to top |
|
|
dunewalker
Intermediate Crude
Joined: Jun 30, 2005
Posts: 773
Location: northern California
|
| Posted: Wed Oct 01, 2008 8:37 am Post subject: Re: Money markets remain paralyzed... |
|
|
Have the web bot predictions for 10/07/08 been discussed anywhere on po.com? I don't recall seeing any mention. What's up with that, roccland?
_________________
"When men yield up the privilege of thinking, the last shadow of liberty quits the horizon."
Thomas Paine |
|
| Back to top |
|
|
biofuel13
Heavy Crude
Joined: May 07, 2008
Posts: 462
Location: Chaska, MN
|
| Posted: Wed Oct 01, 2008 8:45 am Post subject: Re: Money markets remain paralyzed... |
|
|
| dunewalker wrote: | | Have the web bot predictions for 10/07/08 been discussed anywhere on po.com? I don't recall seeing any mention. |
Dune--
I haven't seen or heard about the 10/07/08 Web bot predictions yet. I would be interested to find out more....Maybe start us up a new thread?
(sorry for the off topic post)
_________________
"With man gone will there be hope for gorilla? With gorilla gone will there be hope for man?" --Ishmael by D. Quinn |
|
| Back to top |
|
|
|
News
Discussions
Resources
Members
Forum FAQ
Search
Usergroups
Profile
Log in to check your private messages
Log in
