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| Messages 1 - 17 of total 17 in this topic |
Albert
climber
The Valley
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Sounds convincing...
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apogee
climber
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JDF- do you masturbate as often as you post these ridiculous threads? Good on ya, mate.
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WBraun
climber
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There's a video on you tube of Juan climbing the Prow back in the day and he gets to a hard placement and he drills a bolt.
I have to go find it ,,,,,,,,,,,,,
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Albert
climber
The Valley
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Hey Werner:
How are you able to be awake now and get to the cafe so early!!!
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WBraun
climber
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Rust never sleeps .......
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Gordon
Trad climber
South Florida
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Desperate times call for Swiftboat measures, right Juan?
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jstan
climber
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http://www.bloomberg.com/apps/news?pid=20601087&sid=aM6wSrKwniy4&refer=home
Obama Leading McCain in New Ohio, Pennsylvania, Minnesota Polls
By Christopher Stern
Oct. 6 (Bloomberg) -- Democrat Barack Obama leads Republican presidential nominee John McCain in battleground states of Ohio, Pennsylvania and Minnesota, according to new polls.
Obama, an Illinois senator, leads 49 percent to 42 percent among Ohio voters, according to a Columbus Dispatch poll of 2,262 likely voters released yesterday.
The survey, conducted Sept. 24 to Oct. 3, shows a change from a poll by the newspaper before the parties' nominating conventions, when McCain had a single percentage-point advantage. The state is crucial to the Arizona senator's campaign, because no Republican has won the presidency without carrying Ohio.
Polls in Ohio ``are showing increased support for Barack Obama,'' because voters are paying attention to McCain's support for privatizing Social Security, backing ``job-killing trade agreements,'' and his backing of deregulation of the banking system, Ohio Democratic Senator Sherrod Brown said on ABC's ``This Week'' program yesterday.
A Minnesota poll of 1,084 likely voters published by the Star Tribune newspaper shows Obama leading 55-37 percent over McCain. The poll was conducted from Sept. 30 to Oct. 2.
Republican Governor Tim Pawlenty of Minnesota said the Star Tribune poll is ``notoriously not accurate,'' and said a separate earlier poll found McCain favored by 1 percentage point.
``Minnesota is a Democrat-leaning state, but not so much that it's implausible for a Republican to win here,'' Pawlenty said on ``This Week.''
Pennsylvania Poll
In Pennsylvania, Obama has a 50 percent to 40 percent lead over McCain, according to a Morning Call/Muhlenberg College tracking poll.
The Muhlenberg College poll surveyed 597 likely voters and was conducted from Sept. 30 to Oct. 3. The results of the three state polls were outside the margin for error.
The presidential race in Colorado remains a tie, according to a poll released by the Denver Post yesterday.
National polls also show that Obama is maintaining a lead over McCain.
Obama led McCain 49 percent to 42 percent among registered voters surveyed Sept. 27-29 by the Pew Research Center. In a mid- September poll, the candidates were in a statistical dead heat.
In a CBS News poll conducted Sept. 27-30, Obama led 50 percent to 41 percent among likely voters. The margin increased 4 percentage points from a CBS/New York Times survey a week earlier.
To contact the reporter on this story: Christopher Stern in Washington at cstern3@bloomberg.net
Last Updated: October 6, 2008 00:01 EDT
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Witch Hunter
Social climber
Templeton, CA
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What's the little star pin that Palin has above her American flag pin on her lapel? Is she a Maoist?
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jstan
climber
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Hard to keep up with all of this!
This, one week after the US commits 0.7T in taxpayer money.
The DOW down over 500 at the moment. About 9800.
From Bloomberg:
http://www.bloomberg.com/apps/news?pid=20601087&sid=amt1_urvtvMk&refer=home
Treasuries Rally as Stocks Tumble, Company and Muni Bonds Fall
By Dakin Campbell and Bo Nielsen
Oct. 6 (Bloomberg) -- Treasuries rose, heading for their longest rally in a month, as a tumble in stocks, weakness in credit markets and European bank rescues added to evidence a global credit crunch is deepening.
Investors around the world piled into government bonds to escape the carnage. Credit markets remained closed, with even municipal borrowers having a hard time finding buyers for their debt. Rates on commercial paper, or short-term IOUs sold by companies, soared and the interest banks charge each for overnight dollar-denominated loans in London increased. Emerging- market bonds weakened for fourth straight day.
``The fear is rooted everywhere,'' said William Larkin, who oversees about $500 million at Cabot Money Management in Salem, Massachusetts. ``The Treasury market is the big highway. If you have billions of dollars to spend -- that is your only game. To get in and get out with a lot of liquidity, there are not a lot of options right now.''
Two-year Treasury note yields plunged 14 basis points, or 0.14 percentage point, to 1.44 percent at 11:34 a.m. in New York, and reached as low as 1.40 percent, according to BGCantor Market Data. The 2 percent security maturing in September 2010 climbed 9/32, or $2.81 per $1,000 face amount, to 101 3/32. Ten-year yields dropped 13 basis points to 3.48 percent and touched 3.45 percent, the lowest since Sept. 18.
Faltering Systems
Government bonds in Germany, the U.K., Canada and Japan also rallied as investors sought the safest assets while European governments rushed to shore up their faltering financial systems. Major stock markets in the U.S., Europe and Asia all fell 3.5 percent or more.
``The news out of Europe is the main catalyst, and with global equities down that's leading to the flight-to-quality bid into Treasuries,'' said Martin Mitchell, head government bond trader at the Baltimore unit of Stifel Nicolaus & Co.
Germany's government and financial institutions agreed to a 50 billion euro ($68 billion) rescue package for Hypo Real Estate Holding AG, and BNP Paribas SA joined a state-backed bailout of Fortis, Belgium's largest financial-services company.
Denmark and Germany also decided to guarantee all their countries' bank deposits.
Damage from the credit crunch accelerated over the past month as Lehman Brothers Holdings Inc. and Washington Mutual Inc. collapsed, the U.S. government took control of Fannie Mae, Freddie Mac and American International Group Inc., and Merrill Lynch & Co. and Wachovia Corp. were sold.
Fed Moves
The Federal Reserve said is doubling its emergency auctions of loans to commercial banks to as much as $900 billion as the credit freeze deepens, and will also begin paying interest on bank reserves. The central bank increased its auctions under the 28-day and 84-day Term Auction Facility operations to $150 billion each and boosted the two forward TAF auctions in November to $150 billion each.
``It's something that will help lending markets, but it certainly will be no panacea,'' said Michael Pond, an interest- rate strategist at Barclays Capital Inc., one of 17 primary dealers that trade with the Fed.
Yields on two-year notes fell to 2.04 percentage points below 10-year notes, the widest since March, as investors bet that the turmoil will force the Fed to cut interest rates. The so-called yield curve will steepen to 2.75 percentage points, analysts at Credit Suisse wrote in a report today.
Fed Futures
Futures on the Chicago Board of Trade show a 54 percent probability the Fed will slash its 2 percent target rate for overnight bank loans by three-quarters of a percentage point to 1.25 percent at its Oct. 29 meeting. Traders saw no chance of a cut a month ago. The odds of a half-point reduction are 46 percent.
The seizure in credit markets is entering a new, more severe phase with even the most highly-rated borrowers finding few buyers for their debt.
Fixed-rate municipal bond sales fell to about $800 million each of the past two weeks, after averaging more than $6 billion weekly this year, according to data compiled by Bloomberg. Yields on top-rated AAA general obligation debt due in 30 years averaged 5.35 percent, 53 basis points higher than on Sept. 11, based on a daily index from Municipal Market Advisors.
``With so few issues being placed successfully, traders and institutional buyers are backing off their bids to incorporate an extra premium, because they cannot pinpoint the worth of a given bond,'' George Friedlander, a municipal strategist at Citigroup Inc. in New York said in a weekly report to clients.
Commercial Paper
Yields on overnight U.S. commercial paper jumped 0.94 percentage point to 3.68 percent, according to data compiled by Bloomberg. Companies sell debt maturing in nine months or less, to help pay for day-to-day expenses such as payroll and rent.
Commercial paper outstanding tumbled $94.9 billion, or 5.6 percent, to a seasonally adjusted three-year low of $1.6 trillion for the week ended Oct. 1, according to the Fed. U.S. corporate bond sales shrank to $1.25 billion last week, marking the worst four-week slump since 1999, according to Bloomberg data.
The extra yield investors demand to own emerging-market bonds instead of Treasuries swelled 40 basis points to a four- year high of 4.80 percentage points at 11:29 a.m. in New York, according to JPMorgan Chase & Co. The spread was 3.19 percentage points a month ago.
``In emerging markets, the credit crisis and drop in commodities create substantial challenges for monetary policy and fiscal accounts,'' said Igor Arsenin, an emerging-market fixed- income strategist at Credit Suisse Group in New York. ``Any country that needs capital in the form of foreign direct investment or portfolio flows is going to be vulnerable.
More Supply
The rally in Treasuries came even as the U.S. government said it is considering changes to its debt issuance, including a reintroduction of three-year notes. Any changes will be released at the department's quarterly refunding announcement Nov. 5.
Ten-year yields on Treasuries will climb to 3.8 percent by year-end, strategists led by Ajay Rajadhyaksha in New York at Barclays Capital Inc. wrote in a report today. Rising debt sales will push longer-term yields higher, they said in the report. The two-year note yield has reached Barclays' 1.5 percent target.
The $700 billion financial-rescue bill enacted into law last week to unlock credit markets may do little to stem job losses, spur manufacturing or boost consumer confidence, strategists and economists at Dresdner Kleinwort and JPMorgan Chase & Co. said. They advise buying two-year notes, even though yields are already below the federal funds rate.
Market `Stress'
``The market is aware and focused on the fact that even though they passed the plan, it will take weeks to implement,'' Stifel's Mitchell said. ``The financial system will remain under a great deal of stress in the interim.''
UBS AG, the largest Swiss bank, said the Fed will cut its benchmark interest rate to 1 percent by March 31 from 2 percent, and lower its forecast for global growth next year to 2.2 percent from 2.8 percent, economists led by Larry Hatheway in London wrote in a report yesterday. Goldman Sachs Group Inc. said last week the U.S.
economy will contract 0.2 percent in 2009, from a previous estimate of 1 percent growth. The Fed's target rate will be 1 percent by the end of March, the bank said.
``We now believe the world economy faces a recession,'' said UBS. The firm and Goldman are also primary dealers.
The so-called TED spread, the difference between what the U.S. government and banks pay to borrow in dollars for three months, was at 3.93 percentage points today. It averaged 39 basis points in the first half of 2007.
The cost of borrowing in dollars overnight jumped, the British Bankers' Association said today. The London interbank offered rate, or Libor, that banks charge each other for such loans climbed 37 basis points to 2.37 percent, BBA data showed.
U.S. government debt returned 1.2 percent since Sept. 30, beating last month's gain of 0.66 percent, according to Merrill Lynch & Co.'s U.S. Treasury Master index. Bonds gained 1 percent in Germany and 0.2 percent in Japan this month, Merrill indexes show.
To contact the reporters on this story: Dakin Campbell in New York at dcampbell27@bloomberg.net; Bo Nielsen in Copenhagen at bnielsen4@bloomberg.net
Last Updated: October 6, 2008 11:45 EDT
END QUOTE
Seldom has it been more true. Everything will depend upon knowing your cash flow.
George is going out with a bang.
Texas was nothing compared to this.
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Dick_Lugar
Trad climber
Indiana (the other Mideast)
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Yes, a black man is going to rise to power and rally all the redneck's in this country to go out and take over the world??? That's a bit of a stretch don't ya think?
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