Posts Tagged ‘Finance’

$100 million per day for interest?

2009/07/08/1144

I was reading a finance blog today and came across this gem:

Consider this fact, the first stimulus package has an interest rate of $100,000,000 per day

The blog is run by Credit Bureau Experts, which is a company that does credit repair.

.DJI – DOW JONES INDUSTRIAL AVERAGE INDEX – Google Finance

2008/10/10/1136
This entry is part 4 of 9 in the series Bretton Woods II

RTFA: http://finance.google.com/finance?cid=983582

DOW since 9/11

…not to fan the flames or anything, but the DOW has returned to September 11, 2001 levels. Really, that’s not such a bad thing, given how overvalued everything became during the deregulation of the last 8 years. …but in 52 weeks, the volume of the DOW has been cut in half, and that level of shock is going to … reverberate.

Here’s the upside: there is still actual value in the US economy. Yes, we’re the collective victims of massive pump-and-dump fraud, but it’s hardy like “we” aren’t producing anything. In other words, the market needs to bottom out at some value above zero. That will happen when people start to believe that things are undervalued, so it will make sense to invest again. This very process can be hindered if there is no effective monetary system that functions as a medium for the transmission of value, and that just might happen if the dollar fails.

Why, dear reader, might the dollar fail? Get ready for Bretton Woods III.