BenzWorld Senior Member
Date registered: Sep 2008
Mentioned: 0 Post(s)
Quoted: 9 Post(s)
Geithner, the Comptroller of the currency whose name escapes me, and Bernanke have had 3 meetings this week. That tells me the Fed is gonna get some of the TARP money, now I have to figure out where they are likely to spend it, and how it will effect the market. The market is telling me it won't be treasuries, but I am reducing my position in TBT a little to hedge against that possibility.
Geithner said they are gonna get aggressive, and they are not gonna make the same mistakes Japan made. Another area I'll be looking at this evening is exactly what Japan did, and what Geithner is most likely to "not do".
When devils will the blackest sins put on, they do suggest, at first with heavenly shows - Othello