tag:blogger.com,1999:blog-20377909.post5938923434700722093..comments2024-02-26T08:05:58.174-08:00Comments on ECONOMICROT: Las Vegas Preforeclosures Hit RecordRandyhttp://www.blogger.com/profile/09221346085089343469noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-20377909.post-46140544231419632032008-04-04T19:00:00.000-07:002008-04-04T19:00:00.000-07:00Thanks Patrick -- I'll check out the linkRandyThanks Patrick -- I'll check out the link<BR/><BR/>RandyRandyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-91136423142418284102008-04-04T18:59:00.000-07:002008-04-04T18:59:00.000-07:00Aydin,Do they manipulate on the buy side?ABSOLUTEL...Aydin,<BR/><BR/>Do they manipulate on the buy side?<BR/><BR/>ABSOLUTELY: Created by Ronald Reagan back in 1988 through executive order 12631, the Working Group on Financial Markets, also known as the Plunge Protection Team (PPT) was created to respond to events in the financial markets surrounding October 19, 1987 ('Black Monday'). <BR/><BR/>These four PPT Kingpins, with inputs/suggestions from their numerous advisors, are currently operating in panic mode and are attempting to gin up new ways to thrust new money into the falling markets and US economy. The present situation has become so precarious they are now routinely advising President Bush and were actually the “brains” behind recent calls for tax rebates -- meant to pump up consumer spending. In the meantime (tax rebates will take time), they are using government funds to pump money into the futures markets--in an attempt to "fry" the shorts and make the impression that big money is buying up the falling market. The hope is: if other traders see this, they will start following the big money higher (probably futile).<BR/><BR/><BR/><A HREF="http://economicrot.blogspot.com/2008/01/dow-industrials-and-s-500-have-dropped.html" REL="nofollow">Precarious Economic Conditions & Gold </A>Randyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-25794219023448906452008-04-04T18:11:00.000-07:002008-04-04T18:11:00.000-07:00Lenders Swamped By Foreclosures Let Homeowners Sta...<B>Lenders Swamped By Foreclosures Let Homeowners Stay</B><BR/><BR/>Banks are so overwhelmed by the U.S. housing crisis they've started to look the other way when homeowners stop paying their mortgages.<BR/><BR/>http://www.bloomberg.com/apps/news?pid=20601109&sid=aOluOO8Vy0gc&refer=homeAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-20377909.post-39960013145715973832008-04-04T09:26:00.000-07:002008-04-04T09:26:00.000-07:00Hi RandyIt is obvious that there is a tough recess...Hi Randy<BR/><BR/>It is obvious that there is a tough recession is alreay there , but how is it possible that Dow Jones index keeps going up,even thoug after todays unemployment data ?<BR/><BR/>Does Fed manipulates the Stock Market aswell by intervening the normal trading on the buyer side ?<BR/><BR/>Thanks <BR/><BR/>AydinAydinhttps://www.blogger.com/profile/13749832824418425908noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-56612025234111000892008-04-04T05:40:00.000-07:002008-04-04T05:40:00.000-07:00Redbeard,Thanks for your service. Stay safe over ...Redbeard,<BR/><BR/>Thanks for your service. Stay safe over there. Don't know if you know it or not, but I'm prior AF myself -- See post:<A HREF="http://economicrot.blogspot.com/2006/03/3rd-world-america_16.html" REL="nofollow">3rd world America</A><BR/><BR/>Drop me a line when you return and we'll do our part to keep the economy churning -- we'll have a beer or six -- on me.<BR/><BR/>Best regards and keep your head down.<BR/><BR/>RandyRandyhttps://www.blogger.com/profile/09221346085089343469noreply@blogger.comtag:blogger.com,1999:blog-20377909.post-58007288235677084082008-04-04T02:15:00.000-07:002008-04-04T02:15:00.000-07:00Hi Randy,Great post. I'm from Vegas, currently in...Hi Randy,<BR/>Great post. I'm from Vegas, currently in Iraq, and people always comment how Vegas would be able to weather a recession. For the same reasons you state, I say we'll be one of the hardest hit in a recession. We depend on free-wheeling spending from happy tourists. Without that, we're doomed. At least the exodus to eventually follow will ease the water and traffic concerns, haha. Keep up the good work, I was stoked when I came across you from DollarCollapse.<BR/>Maybe we can start growing and exporting dates like here!Anonymousnoreply@blogger.com