Ben stepping down will be

[blackjack21trader]

a good excuse for USA to drastically and abruptly make a BIG U-turn on her Low Interest/ QE Policy.

Be very prepared.

[princess_morbucks]

Is Yellen taking over?
If so, then QE is likely to continue.

[blackjack21trader]

Is Yellen taking over?
If so, then QE is likely to continue.

Greenspan was the FED chairman from 1987 - 2006.
Ben assumed office in 2006.


Do you get the picture ?

[lionhill]

a good excuse for USA to drastically and abruptly make a BIG U-turn on her Low Interest/ QE Policy.

Be very prepared.
master, Ben stepping down does not help either as US still needs cheap money to prevent herself from falling into the fiscal cliff.

[Simi]

Is Yellen taking over?
If so, then QE is likely to continue.

Market speculation is Tim Geithner

[Simi]

Greenspan was the FED chairman from 1987 - 2006.
Ben assumed office in 2006.


Do you get the picture ?

Blackjacktrader21 Sifu


Alan Greenspan Golden Years ~ 1987 to 2000

S&P500 from 350 to high of 1552
Followed by a Crashed (BlackSwan) 911 that lasted for 3years


Ben Golden Years ~ 2009 ~ 2013

S&P from 666 to present 1700plus and still counting
Bear years ~ 8months from 2008 to 2009 (Lehman Brothers Crisis)

The next Chairman of Federal Reserve or the 15th ----- ????

Special note : Each of them managed to bring the equities market to new high after/before crisis

History to repeat ?

[blackjack21trader]

Blackjacktrader21 Sifu


Alan Greenspan Golden Years ~ 1987 to 2000

S&P500 from 350 to high of 1552
Followed by a Crashed (BlackSwan) 911 that lasted for 3years


Ben Golden Years ~ 2009 ~ 2013

S&P from 666 to present 1700plus and still counting
Bear years ~ 8months from 2008 to 2009 (Lehman Brothers Crisis)

The next Chairman of Federal Reserve or the 15th ----- ????

Special note : Each of them managed to bring the equities market to new high after/before crisis

History to repeat ?


Good point. Check out what was the interest rates then.

[Simi]

Good point. Check out what was the interest rates then.

Sifu

Frightening hor :scared-5:

[blackjack21trader]

Sifu

Frightening hor :scared-5:

told u my old fox is very the sly.

[ecimbew]

Detroit is insolvent and has to sell precious art pieces in museum to raise funds.

http://www.foxnews.com/us/2013/08/06/christie-to-appraise-detroit-museum-collection/

DETROIT – *International auction house Christie's said on Monday it will appraise a portion of the Detroit Institute of Arts collection, which includes hundreds of works by Van Gogh, Bruegel the Elder, Renoir and other masters.

The move comes as a federal judge considers a state-appointed emergency manager's request to push the city into the largest municipal bankruptcy in U.S. history.

Christie's also will assist and advise on valuing the artwork while leaving the pieces in the city's ownership, the New York-based firm said Monday on its website.

“At Christie’s, we are passionate about art and understand the importance of the contribution that institutions such as the Detroit Institute of Arts offer to the community and the world at large,” Christie’s said in a statement.

The DIA, considered one of the top art museums in the country, is home to hundreds of paintings and sculptures by famed artists. The city purchased many of the pieces in the collection years ago during more prosperous times.

That means they could be considered assets in a bankruptcy, a possibility that emergency manager Kevyn Orr warned DIA officials about earlier this year. Orr filed for bankruptcy on July 18.

"We understand that a valuation of all the city's assets (extending well beyond the art) is one of many steps that will be necessary for the legal system to reach a conclusion about the best long-term solution for the citizens of Detroit," the auction house said.

"We want to continue to focus our efforts on being a positive force in both the interests of the city of Detroit and its arts community, including working with our fellow arts professionals at the DIA and with the city to find alternatives to selling that would still provide the city with needed revenue."

Orr has said the city is insolvent and can't pay its bills. Detroit has a budget deficit of about $380 million. Long-term debt could be as much as $20 billion.

U.S. Bankruptcy Judge Steven Rhodes has to determine whether Detroit is eligible for bankruptcy.

In a statement to The Detroit News, Orr said the valuation of the city's assets is an "integral part of the restructuring process."

Creditors have asked the city to put a value on its assets, Orr said Monday. Placing dollar figures on the pieces does not "portend a sale of any asset," he added.

"There has never been, nor is there now, any plan to sell art," Orr said in a news release. "This valuation, as well as the valuation of other city assets ... is a step the city must take to reach resolutions with its creditors and secure a viable, strong future for Detroit and its residents."

The DIA told The Associated Press in a statement Monday afternoon that it would cooperate in Christie's appraisal process, but pointed to a formal opinion by Michigan Attorney General Bill Schuette that said city-owned DIA pieces can't be sold in a bankruptcy proceeding. He said in June that the artwork is held in a charitable trust for Michigan residents.

"We applaud the EM's focus on rebuilding the city, but would point out that he undercuts that core goal by jeopardizing Detroit's most important cultural institution," the DIA said.

The Associated Press contributed to this report.

Click here for more from MLive.com.

Click here for more from The Detroit News.

[blackjack21trader]

Detroit is weak anyway, it is just a test tube.

[Amber Woods]

Ben will be borrowing the same phase Greenspan made in the Congress after the black swan hits; "Sirs, I did not see that coming".

[blackjack21trader]

Ben will be borrowing the same phase Greenspan made in the Congress after the black swan hits; "Sirs, I did not see that coming".

Exactly, from my years of observation of the eagle; it always sing a different tone/ fly a different direction after each handover.

I may be wrong this time and I suspect some readers will say I am trying to create fear and using some stale old man's experience.

[teddybear]

Ben is fired because he big mouth keep talking about rolling back QE!

Yellen will continue the QE for many more years!


a good excuse for USA to drastically and abruptly make a BIG U-turn on her Low Interest/ QE Policy.

Be very prepared.

[economist]

Maybe you should take a look at all the OECD countries' public debt, and see how and whether they can handle a high interest rate.

I'm lazy to repeat my previous post.

[blackjack21trader]

I am waiting for more views of this thread before I am not lazy to reveal to you.

[blackjack21trader]

“The ramp-up in the U.S. economy is not only gaining momentum, but is accelerating,” Evan Lucas, a Melbourne-based market strategist at IG Markets Ltd., a provider of trading services for equities, currencies and commodities, said by e-mail. “This is increasing the hawkish view of the Fed. This is why the September taper talk will continue. The blueprint for monetary stimulus tapering will be laid out in September with the first wind-back in October.”


That is why Lion King will only be back in October.

[Arcachon]

a good excuse for USA to drastically and abruptly make a BIG U-turn on her Low Interest/ QE Policy.

Be very prepared.

Nope, QE will be expand.........

[blackjack21trader]

Nope, QE will be expand.........

That will only happen if US wants to give up the leadership of US$.

[blackjack21trader]

That will only happen if US wants to give up the leadership of US$.

And thereby create another debt ceiling. If that is what American wants, then be even more prepared.

[blackjack21trader]

It is very selfish to ask people to continue buying property when there is an impending possibility of interest rates hike.

[blackjack21trader]

Unless of course, you are saying that everyone is a multi-millionaire here. When rates in USA rises, capital outflow from Asia back to USA will happen. The first sign will be the DAX index. And DAX index has indeed rise recently:

http://www.bloomberg.com/quote/DAX:IND

click on the 1 year trend in the graph.

[Arcachon]

Long Long Time Ago, Central Bank do what the American tell them to do. Now they know what the American is doing do you think they will follow them or create something new?

[blackjack21trader]

I went to look at the new launches here. Most of them are less than 500sqft. Exactly like what happens in the 1950s and 1970s of the major cities around the world.

Look, it is not that we are short of land. Look at the whole batch of empty plots in Marina Bay waiting to be built.

If we get less than 500sqft in the cities I would understand. But I found less than 500sqft apartment units in Tenah Merah !

[blackjack21trader]

Recently, China just completed her tallest Skyscraper if you can see what my THIRD EYE saw, you will understand what I mean.

[blackjack21trader]

I went to look at the new launches here. Most of them are less than 500sqft. Exactly like what happens in the 1950s and 1970s of the major cities around the world.

Look, it is not that we are short of land. Look at the whole batch of empty plots in Marina Bay waiting to be built.

If we get less than 500sqft in the cities I would understand. But I found less than 500sqft apartment units in Tenah Merah !

Since you guys dun travel around the globe like me. I can help you by examples here in Singapore:

Just take a stroll down memory lane in Geylang , Joo Chiat and Duxton Hill. Look at the old conservation houses with the years constructed engraved on their facade..then go inside there and take a look. Look at the floor area and compare with your parents' HDB ( Not the new ones ) size maybe your THIRD EYE will open like mine.

[blackjack21trader]

Long Long Time Ago, Central Bank do what the American tell them to do. Now they know what the American is doing do you think they will follow them or create something new?

Ask yourself a simple question why is the Internet invented. Meditate on that and maybe soon you will get the answer.

[ecimbew]

US will not be a leader soon. Tide is changing in this decade. But who can really see the future?

[Arcachon]

http://en.wikipedia.org/wiki/Internet

The origins of the Internet reach back to research commissioned by the United States government in the 1960s to build robust, fault-tolerant communication via computer networks.

[ecimbew]

http://en.wikipedia.org/wiki/Internet

The origins of the Internet reach back to research commissioned by the United States government in the 1960s to build robust, fault-tolerant communication via computer networks.

That's where Snowden comes in the next chapter of evolution. Now US is on wits end with threats. Sad.

[dtrax]

Recently, China just completed her tallest Skyscraper if you can see what my THIRD EYE saw, you will understand what I mean.

Lol sooo scary..just like wad happen after dubai completed their skyscrapper last time

[phantom_opera]

US is still the leader in technology lah ... give an example, they have Oracle database ... who else can produce even a database? IBM mainframe and AS400 are still used in banks today.

you think China or India has arrived, tan ku ku (wait long long) lah

sigh :beats-me-man:

[blackjack21trader]

Lol sooo scary..just like wad happen after dubai completed their skyscrapper last time

indeed, you are illuminated like me, good brother .


http://www.youtube.com/watch?v=tidSdPy1vc8 (http://www.youtube.com/watch?v=tidSdPy1vc8)

http://www.youtube.com/watch?v=ZN7p-s8lOLs

http://www.youtube.com/watch?v=6QANidB77tI

[ecimbew]

indeed, you are illuminated like me, good brother .


http://www.youtube.com/watch?v=tidSdPy1vc8 (http://www.youtube.com/watch?v=tidSdPy1vc8)

http://www.youtube.com/watch?v=ZN7p-s8lOLs

http://www.youtube.com/watch?v=6QANidB77tI

8 hours ago

http://edition.cnn.com/2013/08/05/business/china-sky-city-skyscraper-index/index.html

[blackjack21trader]

8 hours ago

http://edition.cnn.com/2013/08/05/business/china-sky-city-skyscraper-index/index.html


咚咚咚咚，咚咚咚咚，
请听阿叔来直言，
有史以来天胜人。
咚咚咚咚，咚咚咚咚，
看看周围识天理，
小孩一昭变老人。
咚咚咚咚，咚咚咚咚，
人生自古谁无死？
要是人想比天高，
咚咚咚咚，咚咚咚咚，
天理明天来找你。

郑天心

[blackjack21trader]

Greenspan was the FED chairman from 1987 - 2006.
Ben assumed office in 2006.


Do you get the picture ?

Now is what year?

[blackjack21trader]

Now is what year?

2006-1987 = 19 years

2014-2006= 8 years

Get it ?

[blackjack21trader]

2006-1987 = 19 years

2014-2006= 8 years

Get it ?

Still dun get it ?

Dun worry, Lion King will be back in October to tell you.

[ecimbew]

Still dun get it ?

Dun worry, Lion King will be back in October to tell you.

Lion King or BJ21? Or both?

[indomie]

Let's say interest rate will spike soon. SGD will be so strong in comparison to the currency of the trading partners. This is bad for sg trade competitiveness.