Money flowing into U.S. Treasuries today.

[Waiting For Everyman]

Just watching the financial reporting on tv and thinking...

Well, well. As screwed up as we may be, it seems the world's money feels safer here during a storm after all. Isn't that interesting? All of the other currencies dropping, and the dollar going up.

My theory about what I'm seeing today is that whatever the ultra-deep pockets had been speculating in, is being sold off (esp. oil, commodities) to cover requirements.

It's starting to be admitted now that the problem is swaps. I think they are quietly writing them off, b/c ultimately - that is all that can be done with them. That's the bubble.

I get the feeling too, that some millionaires are being unmade today, and that may continue. (Of course some will profit too, as sharks do.)

Just inexpert thoughts, fwiw.

[Mr_Jefferson_24]

1. Foreign investers have been reassured via the $700B bailout that the U.S. taxpayer...

...will be forced to absorb their losses -- I think that's what you're seeing.