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Is There Any Doubt That Gov Chooses the Winners?

34 points by euroclydon 17y ago

dreyfiz 17y ago
This headline is poor. Here's my attempt at better: "Is the Fed artificially propping up demand and prices for equities?"
- lionhearted 17y ago
  Agreed. I almost didn't read the piece because of the headline, but it's an interesting one and worth at least a skim to most people.
- chasingsparks 17y ago
  Alternatively, http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets http://en.wikipedia.org/wiki/Working_Group_on_Financial_Mark... I've never been very convinced on the alleged pervasiveness of the PPT. It seems like a convenient catch-all in most cases (i.e. misattribution of an error term.) That being said, the after-hours returns are a bit unnerving.
sailormoon 17y ago
Interesting article, although the submission title is awful. The level of USG intervention in finance, industry, and possibly now the stock market is beginning to remind me of Japan Inc of the '80s. America Inc anyone?
mynameishere 17y ago
Correlation between US Dollar (UUP), gold (GLD), the s&p 500 (SPY), and the Canadian dollar (FXC). http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1262097000000&chddm=88511&chls=IntervalBasedLine&cmpto=NYSE:SPY;NYSE:GLD;NYSE:FXC&cmptdms=0;0;0&q=NYSE:UUP&ntsp=0 http://www.google.com/finance?chdnp=1&chdd=1&chds=1&... The intraday correlation is beginning to break down, especially for gold (this chart may be obsolete when you click it, so click 1d) http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1262120400000&chddm=391&chls=IntervalBasedLine&cmpto=NYSE:SPY;NYSE:GLD;NYSE:FXC&cmptdms=0;0;0&q=NYSE:UUP&ntsp=0 http://www.google.com/finance?chdnp=1&chdd=1&chds=1&... ...but for a while, you could see a minute-by-minute inverse correlation between the dollar and everything else.
- byrneseyeview 17y ago
  There's an inverse correlation between the gold/dollar exchange rate and the dollar/everything exchange rate?
joe_the_user 17y ago
There has been a lot of chatter about this in various quarters. One notable factor is quick, massive trades coming right before closing. It's worth noting that the Plunge Protection Team was quite open at some points at least. It was called "The Committee to Save The World" by Time magazine in a cover story. Global Research itself is a conspiracy site - perhaps the most sane conspiracy site but still a conspiracy site.

34 points by euroclydon 17y ago

This headline is poor. Here's my attempt at better: "Is the Fed artificially propping up demand and prices for equities?"

lionhearted 17y ago
Agreed. I almost didn't read the piece because of the headline, but it's an interesting one and worth at least a skim to most people.
chasingsparks 17y ago
Alternatively, http://en.wikipedia.org/wiki/Working_Group_on_Financial_Markets http://en.wikipedia.org/wiki/Working_Group_on_Financial_Mark... I've never been very convinced on the alleged pervasiveness of the PPT. It seems like a convenient catch-all in most cases (i.e. misattribution of an error term.) That being said, the after-hours returns are a bit unnerving.

sailormoon 17y ago

Interesting article, although the submission title is awful. The level of USG intervention in finance, industry, and possibly now the stock market is beginning to remind me of Japan Inc of the '80s. America Inc anyone?

mynameishere 17y ago

Correlation between US Dollar (UUP), gold (GLD), the s&p 500 (SPY), and the Canadian dollar (FXC). http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1262097000000&chddm=88511&chls=IntervalBasedLine&cmpto=NYSE:SPY;NYSE:GLD;NYSE:FXC&cmptdms=0;0;0&q=NYSE:UUP&ntsp=0 http://www.google.com/finance?chdnp=1&chdd=1&chds=1&... The intraday correlation is beginning to break down, especially for gold (this chart may be obsolete when you click it, so click 1d) http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chdet=1262120400000&chddm=391&chls=IntervalBasedLine&cmpto=NYSE:SPY;NYSE:GLD;NYSE:FXC&cmptdms=0;0;0&q=NYSE:UUP&ntsp=0 http://www.google.com/finance?chdnp=1&chdd=1&chds=1&... ...but for a while, you could see a minute-by-minute inverse correlation between the dollar and everything else.

byrneseyeview 17y ago
There's an inverse correlation between the gold/dollar exchange rate and the dollar/everything exchange rate?

joe_the_user 17y ago

There has been a lot of chatter about this in various quarters. One notable factor is quick, massive trades coming right before closing. It's worth noting that the Plunge Protection Team was quite open at some points at least. It was called "The Committee to Save The World" by Time magazine in a cover story. Global Research itself is a conspiracy site - perhaps the most sane conspiracy site but still a conspiracy site.