Monday, August 9, 2010

They have pumped in nearly 1 trillion into economy & it is still tanking

Freddie Mac suffers $6bn quarterly loss

Freddie Mac (NYSE: FRE - news) , the troubled US mortgage lender, reported a second quarter net loss of $6bn (£3.8bn) and sought another $1.8bn from the Treasury to contain the red ink.

Posted by mark @ 04:06 PM (1913 views)
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13 thoughts on “They have pumped in nearly 1 trillion into economy & it is still tanking

  • So…what are they saying…houses are a good investment?

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  • hey est – do you think they will do “something” this week re QE2? Just picking yr brains.

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  • Lots of talk just now that QE2 will commence but on a global scale

    PS – have you posed this question to hpwatcher (LOL)

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  • The bringing down of America in order to usher in very non Republican new world order is still on track.

    Meanwhile, the Obamatrones are decreasing in numbers and finally learning what the Constitution is really all about..

    THERE’S STILL HOPE in the whiff of freedom.

    Winston.

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  • Well astrologically, we’ve got venus opposing jupiter and squaring pluto, it joins saturn. The moon seems to be the the ignition. Next couple of weeks, saturn, pluto and jupiter oppose and square with the moon igniting the emotions. I’m not crazy, i’ve seen it with my own eyes. Pluto, will uncover, and saturn is the strict teacher. The moon is emotion, the home, the family, the feminine. That is why we at hpc are privileged to see the lies, and understand the situation for what it is. Cameron is a libra, and clegg a capricorn, they are the fall guys imo. When first jupiter and then saturn square leo, will see the demise of the dangerous baby boomer generation. And hopefully the deception as well. Time for change. Simple.

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  • jack – no we discussed this over the weekend… its stand by yr beds time. I did say to HPW that he may be like a pig in sh1t later this week – if they do something re QE2.

    No doubt if there is some there will be some gloating by hpw – so trying to head him off at the pass ;-).

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  • 6s, can you elaborate…

    “there will be some gloating” … as if anyone has a clue…

    This captcha’s just getting silly.

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  • is that the one i’ve just finished? I’m not reading it again. Our opinions are a result of the crap we happen to have read, mixed in with a bit of emotional bias, based on our personal situations, a pinch of blah, and a splodge of blegh, throw in our various educations, experience, character, a pint, another pint, … is there such a thing as free will? Fooled by randomness… guess, guess, guess… grams per bushel blah, blah… i’ve been riding wheat, I don’t have the foggiest what weetabix costs, though i admit bloomberg did reassure me the russians were droughted, drunken and drowning, though only the first useful. maybe. Sure the politicians will screw with everything – as if they have a clue about the outcome. Economists spend decades immersed and still have no idea. Theory, theory, theory…. i’m waiting for the general theory of relatively to be announced crap… wait for it.

    disclaimer: beer.

    this craptcha is just stupid now.

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  • off-topic, from elsewhere, quote: “The Fed has a lot of tools” …!

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  • jack – no we discussed this over the weekend… its stand by yr beds time. I did say to HPW that he may be like a pig in sh1t later this week – if they do something re QE2.

    No doubt if there is some there will be some gloating by hpw – so trying to head him off at the pass ;-).

    This may come as a bit of a surprise, but what anyone posts on these boards doesn’t really mean anything in the wider scheme of things. The FED may or may not choose to do anything this week. But if they don’t, so what?

    is that the one i’ve just finished? I’m not reading it again. Our opinions are a result of the crap we happen to have read, mixed in with a bit of emotional bias, based on our personal situations, a pinch of blah, and a splodge of blegh, throw in our various educations, experience, character, a pint, another pint, .

    It’s a simple thread, about the determination of the FED to support asset prices, which is a good point – most of the other posts on there are meaningless froth.

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  • HP, yes, I remember some excitement but nothing else. I think I had a little rant built up, about financial quackery, pseudo-science, people telling themselves there’s more than nothing to some things, gloats following random events, predictions that go “it’ll go up, it might go down, but it’ll go up before, otherwise after”, meanwhile billionaires moving things at one end, market makers moving things at the other, and between sheep following their own herd’s most used indicators, and that’s as good as it gets while pretending it’s a closed system. Inflation/deflation – I simply can’t see how printing will fill the hole that’s mentioned eg on Greg Pytel’s blog (see Financial Crisis? It’s a Pyramid Stupid 😉 There’s a big difference in the two numbers.
    Here’s something:
    “In March 2010, the trans-national play of all types of derivatives is down to USD 1.048 Quadrillion … makes one wonder, how much of the perceived wealth is real, and how much is illusory” Does illusory wealth result in inflation?
    “global crisis wiped off a staggering USD 50 trillion off the value of financial assets — currency, equity and bond markets worldwide — by March 2009”
    “As of the end of 2009, the size of the worldwide bond market — total debt outstanding in such instruments — is an estimated USD 82 trillion”
    “The GDP of the entire world is USD 45 trillion. USD 1.048 Quadrillion is 23 times world GDP”

    Ref: The Neverending Story – the Nothing!

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