Comments on: WSJ’s CEO Council

By: mitchn

mitchn — Tue, 18 Nov 2008 16:58:15 +0000

> that the dollar will be phased out as the world’s reserve currency…

Not a question of if, merely of when.

By: JohnnyVee

JohnnyVee — Tue, 18 Nov 2008 16:48:03 +0000

Is there any truth to the rumor that the purpose of the G20 meeting was to inform the President that if the US doesn’t get it financial act together that the dollar will be phased out as the world’s reserve currency?

By: AmenRa

AmenRa — Tue, 18 Nov 2008 16:17:25 +0000

@leftback

Whenever Bernanke and Paulson speak to Congress the squeeze is on. Notice that they started speaking at the market open. Paulson has been playing defense recently because TARP is only helping his buddies and not the economy.

By: leftback

leftback — Tue, 18 Nov 2008 15:45:47 +0000

Quiet on TBP lately. Perhaps a great big screamer will bring everyone back.
Hmm… is that the Plunge Protection Team revving up their engines?
No, just a bunch of shorts taking their well deserved profits.

By: leftback

leftback — Tue, 18 Nov 2008 15:33:38 +0000

(off topic) We are so overdue a rally. C’mon baby, SQUEEZE. I am long UYG just for the day. Encouraging action in gold given the incredibly deflationary PPI number. C’mon, c’mon. SQUEEZE.

By: mitchn

mitchn — Tue, 18 Nov 2008 14:59:28 +0000

CEO Council? You mean the Plunge Protection Team (aka the President’s Working Group on the Markets). Oh, that’s right. The PPT is a figment of our collective imagination, like the shooter on the Grassy Knoll. Just ask Leisman, Becky Quick, Mickey Levy (??), and the other ostriches on CNBC.