Bear Stearns Fails - Bailed out by FED Reserve for 28 days

[goofer]

Old chinese curse "May you live in interesting times". In my calmer moments I wonder what I really have to be scared of. I have my health. To paraphrase Thoreau (I believe it was he) Security doesn't come from having things, it comes from knowing you can do without them.

.....A very profound thought by Thoreau, yet so true in its simplicity....

 

[elgordoboy]

That brought a smile to my face. I hope that Dr. Roberts is wrong, but it doesn't look like it.

If you have money in the stock market, you may want to think about buying some gold and silver coins. It is my opinion this is just starting and will be a bumpy ride for those who leave their money in the markets.

I say this with all sincerity, buy some freeze dried food and store it just in case this thing gets real ugly. I have started preparing about 6 months ago.

If I am wrong you will have some food to go camping with in the future.

Costco- I saw this the other night when browsing for unrelated items:

Basic preparation will impact the probability of your family?s survival in an emergency. Delicious and Easy to Prepare. Each bucket contains 275 servings of Pre-mixed and Pre-seasoned 100 % Vegetarian and Vitamin Fortified food for you and your family. With a 20 year long shelf life, this kit is perfect for the preparation of natural disasters such as hurricane, tornado, earthquakes or even a camping/hunting trip.

• Easy to prepare
• 275 servings
• Sealed in convenient Weather-Proof Bucket for Easy Transport
• 30 Servings - Potato Bakon
• 25 Servings - Corn Chowder
• 25 Servings - Ala King
• 25 Servings - Cacciatore
• 25 Servings - Western Stew
• 45 Servings - Whey Milk
• 25 Servings - Blueberry Pancakes
• 25 Servings - Barley Vegetable
• Total Weight: 23 lbs.0

 

[TooFarTampa]

Costco- I saw this the other night when browsing for unrelated items:

Basic preparation will impact the probability of your family?s survival in an emergency. Delicious and Easy to Prepare. Each bucket contains 275 servings of Pre-mixed and Pre-seasoned 100 % Vegetarian and Vitamin Fortified food for you and your family. With a 20 year long shelf life, this kit is perfect for the preparation of natural disasters such as hurricane, tornado, earthquakes or even a camping/hunting trip.

• Easy to prepare
• 275 servings
• Sealed in convenient Weather-Proof Bucket for Easy Transport
• 30 Servings - Potato Bakon
• 25 Servings - Corn Chowder
• 25 Servings - Ala King
• 25 Servings - Cacciatore
• 25 Servings - Western Stew
• 45 Servings - Whey Milk
• 25 Servings - Blueberry Pancakes
• 25 Servings - Barley Vegetable
• Total Weight: 23 lbs.0

"Bakon" sounds terrifying.

 

[SHELLY]

Fed annouced an emergency discount rate .25 cut (lending rate to financial institutions) to 3.25% from 3.50% and creating a facility to let primary dealers borrow at that rate

Overseas markets don't like it a bit! CNBC is airing their Far Eastern program on cable now....they're really worried about what's happening over there.

Hong Kong markets down over 4%

Nikke down over 4%

Gold is up to 1025

Euro is at 1.58

Yen is up again against the dollar (a Yenny doesn't buy as much as it used to--last week)

The US Futures are down, down, down....DOW down over 200; NASDAQ 44; S&P 32.

....Do you know where your Tin Foil Hat is? -- India Markets opening shortly.

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[Mango]

Perhaps this may ease the mind of some, although I may still stock canned goods and get a gun permit for the hail of it.

http://www.msnbc.msn.com/id/17632793/

 

[elgordoboy]

Fed annouced an emergency discount rate (lending rate to financial institutions) to 3.25% from 3.50%

Overseas markets don't like it a bit! CNBC is airing their Far Eastern program on cable now....they're really worried about what's happening over there.

Hong Kong markets down over 4%

Nikke down over 4%

Gold is up to 1025

Euro is at 1.58

Yen is up again against the dollar (a Yenny doesn't buy as much as it used to--last week)

The US Futures are down, down, down....DOW down over 200; NASDAQ 44; S&P 32.

....Do you know where your Tin Foil Hat is?

.

I've got it on the other end of me. It'll help make for easy clean up.

 

[SHELLY]

Interview with Asian anaylst recommending "Go to Cash!...any color but Green."


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[SHELLY]

Costco- I saw this the other night when browsing for unrelated items:

Basic preparation will impact the probability of your family?s survival in an emergency. Delicious and Easy to Prepare. Each bucket contains 275 servings of Pre-mixed and Pre-seasoned 100 % Vegetarian and Vitamin Fortified food for you and your family. With a 20 year long shelf life, this kit is perfect for the preparation of natural disasters such as hurricane, tornado, earthquakes or even a camping/hunting trip.

• Easy to prepare
• 275 servings
• Sealed in convenient Weather-Proof Bucket for Easy Transport
• 30 Servings - Potato Bakon
• 25 Servings - Corn Chowder
• 25 Servings - Ala King
• 25 Servings - Cacciatore
• 25 Servings - Western Stew
• 45 Servings - Whey Milk
• 25 Servings - Blueberry Pancakes
• 25 Servings - Barley Vegetable
• Total Weight: 23 lbs.0

Did they suggest wine pairings with this as well?


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[rapunzel]

I just finished watching Sophia Coppola's Marie Antoinette, which seems oddly appropriate. Now I've switched to CNBC out of curiosity. This guy has terror in his eyes.

 

[SHELLY]

I just finished watching Sophia Coppola's Marie Antoinette, which seems oddly appropriate. Now I've switched to CNBC out of curiosity. This guy has terror in his eyes.

So you can see how the rest of the world is calling BS(!) to the CPI numbers last week that 'confirmed' that inflation was not a problem and the US economy is doing just swell

When you look up "Clueless" in any dictionary around the world, you'll see the following picture:

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