Search results

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    Confirmed: US Gov officials bracing for S&P downgrade as soon as today.

    Dubai Shares Drop Most Since February...
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    Why the economy is still in shambles

    Not sure if this is accurate but I thought interesting..... End of year gold price: 2000 -- $273.60 2001 -- $279.00 2002 -- $348.20 2003 -- $416.10 2004 -- $438.40 2005 -- $518.90 2006 -- $638.00 2007 -- $838.00 2008 -- $889.00 2009 -- $1118.40 2010 -- $1421.00.
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    Why the economy is still in shambles

    Whats really funny is he retired when he was 37......
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    US consumer confidence drop hits stocks

    "The banks did real good though, even got the taxpayer to guarantee virtually all of the loans." With the taxpayer taking all the hits, I guess this would guarantee the Wall Street Overlords their exponential bonuses will continue indefinitely......
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    Obama calls for 50 Billion in Infastructure Upgrades

    There are more people collecting unemployment checks, than belong to a private sector union.
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    July, 2010: Do you think the US will D-Dip within 18 months?

    The Fed keeps threatening that they "will act if the recovery fails". That pretty much proves that the recovery will fail, otherwise they'd have no reason to issue these threats. What do we do now?
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    ASROCK X58 extreme 66.99$ at amazon!

    After reading the thread from overclock.net I bit. Shows only two left in stock...better hurry.....
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    Mortgage Delinquency Rate Tops 9%

    That's because loan loss allowances are at purposely kept at low levels. If they were where they should be, bank earnings would be greatly reduced....They do this because they can....Do we even live in reality anymore?
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    National Debt exceeds $12,000,000,000,000.00

    Well, obviously you have to pay more interest on 12T of debt than 6T. So that's money that could have been used elsewhere and wouldn't taxes have to be raised to cover the increased debt interest payments....
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    Peter Schiff has become officially insane

    I saw a speech Schiff did in 11/06 where he talked about the RE bubble and he also made reference in that speech to his saying something about inflated RE prices a year before.......I think this 06 speech was in front of some LV mortage bankers....
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    Obama To put Terrif on Chinese tires

    Based on what my Dad paid for Chinese tires for his F150, adding 35% on top of the $50 ea. he paid, is still $42.50 cheaper per tire than what he was quoted for USA made tires......
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    Consumer Spending in U.S. Rises, Incomes Jump on Obama's Stimulus Efforts

    In 99 the Greenie threw money at the Y2K scare. That helped fuel the Dot-Com bubble.
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    How can the stock market be up with 500,000 jobs lost in May and catastrophic retail results?

    "4) PPT conspiracy. Goldman, with Treasury blessings, is manipulating the stock market by longing futures." :beer::beer:
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    Its official: GM files bankruptcy on Monday

    I wonder if this BK now means the bulk of GM product will now be imported from Shanghai to the US....
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    Is the USA responsible for this mess?

    And what do we do?.....give more power to those who brought the keg and hope they can get the party going again....
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    White House: All your banks are belong to us

    You mean that 25B bridge loan to Citi (and however much the taxpayer has given them after that) hasn't had the desired effect? Why am I not surprised.....
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    What's wrong with just letting the companies fail?

    Good Point. If a regulator might have said to the banks, investment banks and insurers you cannot utilize 30, 50 100:1 leverage and you can not set up off balance sheet items to get around the low capital requirements, would we be anywhere close to where are now?
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    "The Worst Economy since the Great Depression"

    There is no official definition of depression. Here is what I think though: When the U-6 unemployment rate rises above 12.5 along with a stock market cut down almost in half, the CPI is negative, and nominal wages are stagnant, it's an economic depression. We are in one.
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    "The Worst Economy since the Great Depression"

    Current U-6 (Seasonally adjusted) is 12.5% and rising rapidly. I expect U-6 to hit 15-17%. Depression condition? You bet it is.....
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    More bad news for the auto industry

    "They got to be better by taking, copying, reverse engineering American innovations. That is the Kaizen process." I have done Kaizen and have been part of many Kaizen events where I work. Taking, copying, reverse engineering anything is not in the least bit close to what Kaizen is. You need...
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    More bad news for the auto industry

    Ohno has said that he learned all about JIT from Henry Ford?s book Today and Tomorrow. Actually, Ernest Kanzler, a Ford subordinate, developed an early version of JIT at the Fordson Tractor Plant during WWI........
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    omg you guys :( hi i'm retarded

    ..."government/banks are preventing deflation"... Gov. & banks are not preventing anything....Deflation is here!!
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    Deal reached on auto bailout

    Nothing but throwing good money after bad in a misguided attempt to save jobs.....not a single job will be saved by this action. In fact, it will cost jobs....
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    Fed rate at lowest in history, virtually 0%

    Well, at least we don't have to speculate on how much the FED will lower rates at the next meeting.....
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    What a modern depression would look like.

    533,000 more people are in a state of economic depression this month compared to last month.....It will get worse......
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    U6 Unemployment Hits 12.5%

    ..."And if you go back and look at the data, you find that u3 and u6 follow similar trends. Nothing new to see here."... You are right and the increasing unemployment percentage trend will continue in 2009....
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    Unemployment numbers just released.

    What about the self-employed, or small mom-n-pop buisnesses, a whole class of workers that don't even qualify for unemployment. I don't have numbers but they must be hurting and many going tits up at what must be an alarming rate. Evan, I agree...9% in 2009. Given that unemployment is a...
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    Unemployment numbers just released.

    Ah yes, the U-6 number....12.5%. I see it was 8.4% last year at this time.....lovely.... Still waiting for the $700+ billion bailout plan of Paulson to kick in on the job front (as if it was going to create a single job for J6P anyway).... Hopefully Paulson will not ask for the second...
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    Unemployment numbers just released.

    ..."The loss of 533,000 payroll jobs was much deeper than the 320,000 job cuts economists were forecasting. The rise in the unemployment rate, however, wasn't as steep as the 6.8 percent rate they were expecting."... Does anybody really believe that the real rate is only 6.7%? The Government...
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    The Great Deflation

    ..."moniker of "helicopter Ben" among his critics, accompanyied by a cartoon of him tossing cash out of a helicopter over Wall St..." Enjoy a bowl with your kids today.
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    Protest to end the Federal Reserve tomorrow (11/22)

    Maybe if they are successful in getting rid of the FED, they will go after the IMF next.....
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    Cabinet Watch

    ..."I think the rally occured because Obama chose someone already intimately involved in the bailout, and a solid, pragmatic known quantity."... Geithner is just another Keynesian stooge who has been in lockstep with Paulson to make sure the looting of the taxpayer continues.
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    Cabinet Watch

    ..."The stock market shot up roughly 500 points on the news of his nomination, which is not a bad sign. "... No, the stock market rallied today because it's short-term oversold, not because of any news. The market moves the news; the news doesn't move the market. The rally was...
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    Can someone PLEASE explain the source of the current economic mess

    I had a good laugh also.... Root Cause Of This Financial Crisis: The Fed Fractional Reserve Lending Government sponsorship of the rating agencies Government sponsorship and promotion of housing via GSEs, tax breaks, etc. There is not a free market failure in the group, nor will...
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    Dow 9500 ... Where we go from here...

    Gee, just imagine where the DJI would be if we didn't get the 700B bailout shoved up our asses....
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    Bail Out the Auto Industry

    Hack Paulson gave Citigroup $25B. Today Citigroup announced it will shed 50,000 jobs. Exactly what taxpayer benefit did we get for that $25 billion? Let GM and Ford go tits-up. The world will not end and no jobs will be lost that are not going to be lost anyway. The more dough Congress...
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    So now the big 3 want $50B. Apparently $25B is not enough.

    We Americans do not believe in socialized Medicine. We do believe in socialized mortgage lending, socialized insurance, socialized banking, socialized auto manufacturing, and socialized whatever GE does. Makes perfect sense to me....
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    So now the big 3 want $50B. Apparently $25B is not enough.

    Success is impossible for GM. It's only hope is for the government, i.e. taxpayers, to bail them out. It's time to stop throwing good money after bad and let GM slide into the abyss......
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