<For all practical purposes the markets are closed right now The Oil Drum Peak Oil Booklet: Chapter 3: What's Ahead?>
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361 comments on DrumBeat: July 31, 2007

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DelusionaL on July 31, 2007 - 10:16am Permalink | Subthread | Parent | Comments top

Ahha - I was surprised interest rates were not up already. There had to be a reason.
When do the heavy handed players Russia/China get (more) fed up. Allow a slow unwinding or push back a bit?

The video on housingdoom.com had an interesting comments. We should "plow under" the excess houses to maintain prices and sell all real estate!(that should help)

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dbarberic on July 31, 2007 - 11:22am Permalink | Subthread | Parent | Comments top

Everyone makes the assumption that all participates in the market act in their own economic best interest; but many times, they do not.

Peter is correct; the statistics show that the bulk of our T-Bill purchases are being done by foreign central banks, not individual investors. Foreign central banks do not always act with a profit motive; they act with geo-political motives, which results in situations that do not make economic sense (al la China and USA).

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elwoodelmore on July 31, 2007 - 8:30pm Permalink | Subthread | Parent | Comments top

i thought that a lot of the t-bills were being bought up by "offshore" banks, i.e. cia laundered money.

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Jack on August 1, 2007 - 6:41am Permalink | Subthread | Parent | Comments top

I heard Martians

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semaley on August 1, 2007 - 10:06am Permalink | Subthread | Parent | Comments top

http://www.dunwalke.com/

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361 comments on DrumBeat: July 31, 2007

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