Comments on: That Didn’t Take Long Dept. http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/ Mark Anderson Strategic News Service Sun, 16 Jan 2011 14:38:39 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Tim Coldwell http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-507 Tim Coldwell Sat, 20 Sep 2008 15:11:29 +0000 http://www.tapsns.com/blog/?p=223#comment-507 Re- Cash and Investing again - which seems to be in the "taking longer" dept. If US main street banks are so strapped for cash why are their savings accounts offering such low (~ 3.5%) rates? Is it perhaps that they wouldn't know what to do with the cash if they had it? Are local municipalities so flush they don't need finance for local infrastructure works etc? Waiting for help on fed funds for local investments? Waiting for CDS insurance payouts? Long wait methinks - they just blew it on another mega wall street (Oil China) funded bailout. If local banks need equity to support their liquidity ratios, maybe local savers can get warrants attached to savings accounts giving rights to be involved (vetos) on what is done with their loot? Maybe what's good for the fed gander could be good for the local gander. Gander Warrants are the new Black? Seems appropiate to me given the new Washington/New York socialist coup. Revolution? Anyone for tea :-) Tim BTW, My favourite (incredibly popular?) new tax would still be on trading derivatives, especially CDS. Such activities are not going to go away any time soon. Might even be enough over a few years to pay for the bailouts. In true Washington style it could be labelled "temporary", of course. CDS are insurance without regulation aka crap shooting unless you are an AIG customer. Even casino operators pay some direct turnover levies/taxes. Re- Cash and Investing again – which seems to be in the “taking longer” dept.

If US main street banks are so strapped for cash why are their savings accounts offering such low (~ 3.5%) rates? Is it perhaps that they wouldn’t know what to do with the cash if they had it? Are local municipalities so flush they don’t need finance for local infrastructure works etc? Waiting for help on fed funds for local investments? Waiting for CDS insurance payouts? Long wait methinks – they just blew it on another mega wall street (Oil China) funded bailout.

If local banks need equity to support their liquidity ratios, maybe local savers can get warrants attached to savings accounts giving rights to be involved (vetos) on what is done with their loot? Maybe what’s good for the fed gander could be good for the local gander.

Gander Warrants are the new Black? Seems appropiate to me given the new Washington/New York socialist coup.

Revolution? Anyone for tea :-)

Tim

BTW, My favourite (incredibly popular?) new tax would still be on trading derivatives, especially CDS. Such activities are not going to go away any time soon. Might even be enough over a few years to pay for the bailouts. In true Washington style it could be labelled “temporary”, of course.
CDS are insurance without regulation aka crap shooting unless you are an AIG customer. Even casino operators pay some direct turnover levies/taxes.

]]> By: Tim Heard http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-494 Tim Heard Thu, 18 Sep 2008 16:12:07 +0000 http://www.tapsns.com/blog/?p=223#comment-494 So you don't think we've hit bottom yet? I'm very much a small (and poorly informed) investor compared to the circles you run in. I just took some cash that I had pulled out of investments last year and reinvested it. What sort of signals are you looking for that would tell you it's time to start investing again? So you don’t think we’ve hit bottom yet? I’m very much a small (and poorly informed) investor compared to the circles you run in. I just took some cash that I had pulled out of investments last year and reinvested it.

What sort of signals are you looking for that would tell you it’s time to start investing again?

]]> By: Paolo B http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-493 Paolo B Thu, 18 Sep 2008 15:34:32 +0000 http://www.tapsns.com/blog/?p=223#comment-493 "there is one thing about common sense... is not so common!!!" Ross Perot “there is one thing about common sense… is not so common!!!” Ross Perot

]]> By: Alex Baluta http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-479 Alex Baluta Wed, 17 Sep 2008 21:38:48 +0000 http://www.tapsns.com/blog/?p=223#comment-479 "...I’ve been strongly in cash since my liquidity contraction warning in February of 2007. Now we get to wonder: is the cash itself safe?" well, that depends on the currency I suppose. “…I’ve been strongly in cash since my liquidity contraction warning in February of 2007. Now we get to wonder: is the cash itself safe?”

well, that depends on the currency I suppose.

]]> By: Tim Coldwell http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-474 Tim Coldwell Wed, 17 Sep 2008 14:31:43 +0000 http://www.tapsns.com/blog/?p=223#comment-474 The Fed’s run out of money Seriously. It’s broke. Here’s the statement from the US Treasury: http://ftalphaville.ft.com/blog/2008/09/17/16019/the-feds-run-out-of-money/ The Fed’s run out of money

Seriously. It’s broke. Here’s the statement from the US Treasury:

http://ftalphaville.ft.com/blog/2008/09/17/16019/the-feds-run-out-of-money/

]]> By: Tim Coldwell http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-472 Tim Coldwell Wed, 17 Sep 2008 00:34:18 +0000 http://www.tapsns.com/blog/?p=223#comment-472 http://www.nakedcapitalism.com/2008/09/fed-ponders-85-billion-rescue-for-aig.html http://www.reuters.com/article/topNews/idUSHKG1567720080917?feedType=RSS&feedName=topNews http://www.monkeybusinessblog.com/mbb_weblog/2008/09/imagine-another.html The last one is more fun. http://www.nakedcapitalism.com/2008/09/fed-ponders-85-billion-rescue-for-aig.html

http://www.reuters.com/article/topNews/idUSHKG1567720080917?feedType=RSS&feedName=topNews

http://www.monkeybusinessblog.com/mbb_weblog/2008/09/imagine-another.html

The last one is more fun.

]]> By: Tim Coldwell http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-471 Tim Coldwell Tue, 16 Sep 2008 16:18:54 +0000 http://www.tapsns.com/blog/?p=223#comment-471 More insight from Jon about PE money on the sidelines looking for deals falling out of distressed entities. http://www.cnbc.com/id/15840232?video=857590002 Tim More insight from Jon about PE money on the sidelines looking for deals falling out of distressed entities.

http://www.cnbc.com/id/15840232?video=857590002

Tim

]]> By: Tim Coldwell http://www.tapsns.com/blog/index.php/2008/09/that-didnt-take-long-dept/comment-page-1/#comment-469 Tim Coldwell Tue, 16 Sep 2008 15:20:32 +0000 http://www.tapsns.com/blog/?p=223#comment-469 JON MOULTON: FOUNDER OF PRIVATE EQUITY FIRM, ALCHEMY Bankers got rich by making others poor and they behaved like a pack of hungry dogs in a butcher's. Sadly banks lost their integrity and engaged in 'fire and forget' deals. The banks are now in a mess and they've put the UK economy into the worst recession in living memory. Now the banks are working out how much of the truth they can tell about themselves - and everyone knows it. http://news.bbc.co.uk/1/hi/business/7613071.stm I get the impression that you and Jon would get on well together:-) He opens his new office Oct 1st with an evening drinks party. I'll be there, Chunnel fires permitting, and looking for sound advice on where to hold cash too. Tim JON MOULTON: FOUNDER OF PRIVATE EQUITY FIRM, ALCHEMY

Bankers got rich by making others poor and they behaved like a pack of hungry dogs in a butcher’s.
Sadly banks lost their integrity and engaged in ‘fire and forget’ deals.

The banks are now in a mess and they’ve put the UK economy into the worst recession in living memory.
Now the banks are working out how much of the truth they can tell about themselves – and everyone knows it.

http://news.bbc.co.uk/1/hi/business/7613071.stm

I get the impression that you and Jon would get on well together:-) He opens his new office Oct 1st with an evening drinks party. I’ll be there, Chunnel fires permitting, and looking for sound advice on where to hold cash too.

Tim

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