Monday's Markets – More Monetary Madness

ilene's picture

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Nobody's picture

I had a margin call again on cotton today. As a farmer, the historical aspect of cotton's price is unfathomable This marketplace is one step from Argentina If the Fed is trying to instill some confidence in this economy they are going about it a strange way!

chopper read's picture

sorry to hear about your situation.  thanks for the input. 

painequalschange's picture

Just give me a POMO ETF already.

 

merehuman's picture

sorry to say i see this writer as another vampire seeking profit in scalping stocks. Its sure not investing  or product creation.

TK69's picture

Glen beck rally drew well over 200,000 people, far greater than the "restore sanity rally".

mynhair's picture

Yep.  Colbert and Liebowitz are far from sane.

sourgrapesson's picture

Then are you saying Beck is sane?  Holy shit-no way.

mynhair's picture

Market red on election days, just sayin'.

HL Shancken's picture

"That video is from this weekend’s "Rally to Restore Sanity" with Jon Stewart and Stephen Colbert in Washington, that drew over 200,000 people, almost 3 times what Glenn Beck drew a few weeks ago"

 

But there is no hope for Phil. The question is whether Phil is just a political idiot or whether he knowingly repeats and promotes lies. He's probably effeminate, too.

 

http://www.youtube.com/watch?v=qlpODYhnPEo

 

http://thefinalphaseforum.invisionzone.com/index.php?showtopic=44

hooligan2009's picture

800 billion = vote by treasury to give every man woman and child in america another 2,667 dollars just to get by for the next 6 months.

 

hooligan2009's picture

This is also madness, but then again the lunatics do have control of the asylum:

Treasury Announces Marketable Borrowing Estimates

TREASURY ANNOUNCES MARKETABLE BORROWING ESTIMATES

To view the Sources and Uses Table, visit link.

Washington, D.C. -- The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the October – December 2010 and the January – March 2011 quarters:

 

  • During the October - December 2010 quarter, Treasury expects to issue $362 billion in net marketable debt, assuming an end-of-December cash balance of $300 billion, which includes $200 billion for the Supplementary Financing Program (SFP).  The borrowing estimate is $17 billion lower than announced in August 2010.  The decrease in borrowing relates primarily to higher net issuances of State and Local Government Series securities and cash balance adjustments.
  • During the January – March 2011 quarter, Treasury expects to issue $431 billion in net marketable debt, assuming an end-of-March cash balance of $270 billion, which includes $200 for the SFP.

During the July – September 2010 quarter, Treasury issued $396 billion in net marketable debt, and finished the quarter with a cash balance of $310 billion, of which $200 billion was attributable to the SFP.  In August, Treasury estimated $350 billion in net marketable borrowing and assumed an end-of-September cash balance of $270 billion, which included an SFP balance of $200 billion.  The higher cash balance resulted from the additional borrowing.

Additional financing details relating to Treasury's Quarterly Refunding will be released at 9:00 a.m. on Wednesday, November 3.