Thread: Pschiffdicpal's Account Talk

Bogie,

Def true about the less stores, and saving are up. the margins are alot thiner for the retailers, that are left, Volume will be a key as to sentiment with consuming. the parity will be thrown......how many will show and with what kind of spending in mind?

In The Warning, veteran FRONTLINE producer Michael Kirk unearths the hidden history of the nation's worst financial crisis since the Great Depression. At the center of it all he finds Brooksley Born, who speaks for the first time on television about her failed campaign to regulate the secretive, multitrillion-dollar derivatives market whose crash helped trigger the financial collapse in the fall of 2008.
"I didn't know Brooksley Born," says former SEC Chairman Arthur Levitt, a member of President Clinton's powerful Working Group on Financial Markets. "I was told that she was irascible, difficult, stubborn, unreasonable." Levitt explains how the other principals of the Working Group -- former Fed Chairman Alan Greenspan and former Treasury Secretary Robert Rubin -- convinced him that Born's attempt to regulate the risky derivatives market could lead to financial turmoil, a conclusion he now believes was "clearly a mistake."
Born's battle behind closed doors was epic, Kirk finds. The members of the President's Working Group vehemently opposed regulation -- especially when proposed by a Washington outsider like Born.
"I walk into Brooksley's office one day; the blood has drained from her face," says Michael Greenberger, a former top official at the CFTC who worked closely with Born. "She's hanging up the telephone; she says to me: 'That was [former Assistant Treasury Secretary] Larry Summers. He says, "You're going to cause the worst financial crisis since the end of World War II."... [He says he has] 13 bankers in his office who informed him of this. Stop, right away. No more.'"
Greenspan, Rubin and Summers ultimately prevailed on Congress to stop Born and limit future regulation of derivatives. "Born faced a formidable struggle pushing for regulation at a time when the stock market was booming," Kirk says. "Alan Greenspan was the maestro, and both parties in Washington were united in a belief that the markets would take care of themselves."
Now, with many of the same men who shut down Born in key positions in the Obama administration, The Warning reveals the complicated politics that led to this crisis and what it may say about current attempts to prevent the next one.
"It'll happen again if we don't take the appropriate steps," Born warns. "There will be significant financial downturns and disasters attributed to this regulatory gap over and over until we learn from experience."

Its so easy to see….NOW, the market is being driven by forces within the WORLD Gov. No one else has money to throw around LIKE PPT!!!

Looking at just the I fund the 2 to almost 4% trading swings..up and down…this week SURE DID tell the story. All most 20 days riding a steady up swing trading at the 18+ handle, then…with news…on the weak to bad side a down turn…then..one day down.... next a upswing and then down..Clear manipulation…and alot of 3 to 4 pm trading....the VOL dont lie
No Shorts will survive thats part of it, the muchmaligned short seller have a place, the exchange will never correct without the market being allowed to operate effectively and efficiently.

thats what I think

Like the news link, thank you.

Welcome back ppal.