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#101
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Discovery ends sponsorship at end of 2007
On Feb 20, 11:35 am, Curtis L. Russell
wrote: On 20 Feb 2007 10:52:19 -0800, "SLAVE of THE STATE" wrote: What do you mean by "Administrative policy?" Do you mean fiscal policy? What "market policy" does Congress and the Executive set? If you could explain the mechanics of whatever you mean, that would be good. ... any policy set that impacts a major set of financial players... Fiscal policy affects everyone (even people not yet born, lol). and how they do business, either settlement banks or secondary and tertiary players in the loan or refinance area, can have an immediate impact on what the money center banks and the next level down do with cash. All you have to do is introduce enough uncertainty and the overnight rates will go up. Hmmm... I'm not so sure about "uncertainty and overnight rates." When, for example, the guvmint says it will pass a fiscal stimulus package, there is always uncertainty about particulars, but it is not exactly a surprise. Moreover, it is not necessarily implemented on a continuous basis as the Fed can do with OMO. If the fiscal policy borrows, for example, and then crowds out private activity, then I can see how the interest rate would rise (I think I said that already). But I'm really wondering about the "immediacy" thing. After all, one of the basic complaints about fiscal policy is its time lags. For example, after 911, there was about a 5-month lag for the compromise "stimulus" package to be passed by Congress and signed by the Executive. And only after that do we consider the ensuing operational lag. What they do with cash impacts how much is available to maintain Fed margins elsewhere, ... I do not understand what this means. The Fed is independent. It can, in effect, create and destroy money at will, whenever it wants. That, to me, seems a lot more immediate and able to affect the overnight rates in real-time than fiscal policy. Is it as permanent as setting the reserve rate? The main weapon of the Fed is OMO, not setting the reserve requirements. "Open market operations--purchases and sales of U.S. Treasury and federal agency securities--are the Federal Reserve's principal tool for implementing monetary policy." http://www.federalreserve.gov/fomc/fundsrate.htm Not usually - maybe never, but it can be significant over the short haul. Well nothing in this regard is "permanent" in the long run. Money is said to be neutral in the long run. (I have some problems with the neutrality statement, but that is another thing.) |
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#102
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Discovery ends sponsorship at end of 2007
On 20 Feb 2007 19:03:25 -0800, "SLAVE of THE STATE"
wrote: If the fiscal policy borrows, for example, and then crowds out private activity, then I can see how the interest rate would rise (I think I said that already). But I'm really wondering about the "immediacy" thing. After all, one of the basic complaints about fiscal policy is its time lags. The effect is immediate in overnights (well, can be). There are certain constants, like making reserve margins and payrolls semimonthly and biweekly (which is in effect weekly). And there are adjustments to announcements as the central banks decide how much they will retain over their current. The impact is quick enough that the rates have doubled in the period of an hour when the bidding for short money starts (its also why IMO two of the three money guys on the Paribus desk that I worked with committed suicide - and that was over less than 18 months, but they were some nasty months in the 70s). If the money center banks semipermanently take money off by adding a tick on their reserve amounts, it can keep O/N higher for awhile. Of course, it isn't just the administration.Have a huge reinsurance group or secondary loan maker announce that they aren't releasing financials on time as they make corrections. The Freddie Mac/Fannie Mae crap had to be nasty when they made their announcements. Everyone starts sitting down and figuring whether they now have excess loans that won't be laid off to the normal loan buyers and whether they can make their current commitments over the next few weeks and whether or not they need to go long or short or just cut their wrists and get it over with. The guys that deal in specific loan tranches start calculating when the shortage will hit their groups. Rings in the water... Miss that stuff in a very, very perverse sort of way. Curtis L. Russell Odenton, MD (USA) Just someone on two wheels... |
#103
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Discovery ends sponsorship at end of 2007
Geez Mike, Trek went from having a nice vanilla bicycle in the early 90's
to having what can only be described as the best in the field with a reputation even greater than that. maybe biggest $ in field..Any other frame maker would disagree with no real answer. Specilized, BMC, Scott, C-dale, Ridley, Colnago put name of frame here. Going with US Postal was one of the more brilliant marketing ploys for Trek. No doubt about that. And equally without question was the incredibly-bad decision US Postal made to leave the team. People still think of them as "Postal." It was "branding" to the max. Even if the requirements had been increased to $20 million, I still think it would have been one of the best advertising deals going. --Mike-- Chain Reaction Bicycles www.ChainReactionBicycles.com |
#104
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Discovery ends sponsorship at end of 2007
"Mike Jacoubowsky" wrote in message . .. Going with US Postal was one of the more brilliant marketing ploys for Trek. No doubt about that. And equally without question was the incredibly-bad decision US Postal made to leave the team. People still think of them as "Postal." It was "branding" to the max. Even if the requirements had been increased to $20 million, I still think it would have been one of the best advertising deals going. --Mike-- Chain Reaction Bicycles I think there's a residual value no matter what the situation, and I think sponsors take that into account. Look at the Colts in the NFL. They moved out of Baltimore 23 years ago and there was still hype over the Baltimore vs.Indianapolis playoff game. You can view it two ways: USPS factored in this residual effect in their decision to cease sponsoring the team, or at this point the USPS is getting something for nothing. |
#105
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Discovery ends sponsorship at end of 2007
In article , "Carl Sundquist"
wrote: "Mike Jacoubowsky" wrote in message . .. And equally without question was the incredibly-bad decision US Postal made to leave the team. People still think of them as "Postal." It was "branding" to the max. Even if the requirements had been increased to $20 million, I still think it would have been one of the best advertising deals going. I think there's a residual value no matter what the situation, and I think sponsors take that into account. Look at the Colts in the NFL. They moved out of Baltimore 23 years ago and there was still hype over the Baltimore vs.Indianapolis playoff game. You can view it two ways: USPS factored in this residual effect in their decision to cease sponsoring the team, or at this point the USPS is getting something for nothing. I think they're getting something for nothing by now. I agree with Mike that people still think of the team as "Postal" but I think that the longer LANCE is away from it as a rider, the less that association will resonate. -- tanx, Howard Never take a tenant with a monkey. remove YOUR SHOES to reply, ok? |
#106
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Discovery ends sponsorship at end of 2007
Tom Kunich wrote:
Sorry but the Clinton administration HAS to take responsibility for allowing such preposterous public offerings as "dog-walk.com" - a company whose business plan was to walk the dogs of busy executives. Eeek! And you claim to be Republican? Your pitch for goverment regulation sounds more Communist. As if the government's role was to stop those evil, stupid capitalists. |
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