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Game_Over2007
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Posted: Fri Nov 2nd, 2007 11:04 pm |
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Gee, It just keeps coming out of the woodwork everyday and the wall street "bulls" are just wondering what next. Amazing how the greedy little pundits are going to get "coal" for Xmas....
http://biz.yahoo.com/ap/071102/investment_banks.html
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Game_Over2007
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Posted: Fri Nov 2nd, 2007 02:05 pm |
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Well the good ole FUZZY math Job Numbers came in good BUT that is a crock of crap because those numbers are revised the next week and its not going to be anything good...... lets see what this hidden news says...
http://money.cnn.com/2007/11/02/news/companies/merrill_losses/index.htm?postversion=2007110204
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Game_Over2007
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Posted: Fri Nov 2nd, 2007 10:09 am |
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He may take you up on that Angel...... haha... Sounds like a government employee I used to work with years ago..... bragging about what he has done in the market and you always wonder about those "no brainers". What bridge is for sale by the way? LOL 
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Angel1965
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Posted: Fri Nov 2nd, 2007 09:24 am |
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CR Voter.... Yeah right..... Want to buy a bridge? Real good deal too! 
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CR Voter
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Posted: Fri Nov 2nd, 2007 01:33 am |
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So what are the hot trades tomorrow for you doom and gloomers? My concern is the declining interest rates on my CD's and savings. I moved into overseas investments 3 years ago and balance them with some rather secure domestic no brainers.
Not becoming a Warren Buffett, but haven't lost a dime in my portfolio since 1987. In fact, I'm up 14% this year alone.
And, I sleep at night and don't worry about who did what to whom.
How do I make money?????? The old fashioned way........................
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Game_Over2007
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Posted: Fri Nov 2nd, 2007 12:17 am |
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This said it all today...
http://news.yahoo.com/s/ap/20071101/ap_on_bi_ge/fed_markets
http://money.cnn.com/2007/11/01/markets/credit_turmoil/index.htm
http://money.cnn.com/2007/11/01/news/economy/jobs_outlook/index.htm
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Angel1965
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Posted: Fri Nov 2nd, 2007 12:08 am |
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The Federal Reserve has done it again with more band aid management. How do you fix something you can't find using your rear view vision? The FED has no logic or common sense when it comes to the real economy? Bail out the big banks and like years ago when we paid the price for the Savings and Loan disaster. Just gets better over time.
http://news.yahoo.com/s/ap/20071101/ap_on_bi_ge/fed_markets
Last edited on Fri Nov 2nd, 2007 12:50 am by Angel1965
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Newshound
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Posted: Thu Nov 1st, 2007 07:12 pm |
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Special: [url=http://news.newsmax.com/?NUXm3s9F5JNNvpWXplHpaeCKD3N&http://w3.newsmax.com/fir/fir_43.cfm?s=al&promo_code=3C01-1]Housing Crash Yet to Arrive, Prepare Your Investments[/url]
[url=http://news.newsmax.com/?NUXV3b7F5JbUvlMXoyHyVeUvDxN&http://moneynews.newsmax.com/money/archives/st/2007/10/25/165923.cfm?s=al&promo_code=3C01-1]Buffett: No Near-Term End to Subprime Crisis[/url]
[url=http://news.newsmax.com/?NWaVDb9F52cUIyW1dgTyxeP6k3N&http://moneynews.newsmax.com/money/archives/st/2007/10/23/151721.cfm?s=al&promo_code=3C01-1]Subprime Borrowers Hung Out to Dry[/url]
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Habanero
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Posted: Thu Nov 1st, 2007 05:24 pm |
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Game_Over2007 wrote: Thank you CR Voter and Thank You Bill Clinton. Now lets see here. What Clinton did was "right" but what went wrong was the greed from our own corporate America that sold their souls to the devil to make their share holders more wealthy by selling out own middle class. You sit there reaping your so called wealth at the expense of our own labor force. MADE IN CHINA or wherever else things are made now is a household word anymore. As far as I'm concerned you "followers" or "bobble heads" in the right wing sold out America with your exporting of good American jobs based on "profit" and "greed" so your own kind could flip burgers and take on more of the service oriented jobs paying a lot less. Thirty year mortgages are borderline insanity when your in your forties going into major debt. BUSH is the worse president this country has ever had or will have for generations to come. So come next year you die hard right wingers will see things change as others will have to clean up the mess again. CR Voter, you sound like Lyle Jr too. LOL
While I do not rule out "greed" as part of the mix, I can not and will not lay all the blame at that door.
There are several factors which led to the massive outsourcig of our manufacturing jobs and they include over regulation particularly in the environmental area, over taxation, excessive union demands, massive litigation worries, and did I mention over regulation?
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Ben Franklin
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Posted: Thu Nov 1st, 2007 04:49 pm |
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Game_Over2007 wrote: Yeah I did make my point.... How do we fix it? Got any ideas to fix a major economic disaster on the horizon when nobody knows what the real problem is and who did what to who? It's beyond our comprehension and this is just the beginning of something this country has never experienced before. Our leadership in the world has been questioned and proving to be something less than we thought. FACT
Step One; Abolish the Federal Reserve and have the Treasury run the Banking system. This will also abolish the IRSS
Step Two; Back our new currency with Gold! or some other precious metal or gems. I other words we need a currnecy that isnt a debt obligation but backed by something with substance.
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Game_Over2007
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Posted: Thu Nov 1st, 2007 04:07 pm |
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| Yeah I did make my point.... How do we fix it? Got any ideas to fix a major economic disaster on the horizon when nobody knows what the real problem is and who did what to who? It's beyond our comprehension and this is just the beginning of something this country has never experienced before. Our leadership in the world has been questioned and proving to be something less than we thought. FACT
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Punky
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Posted: Thu Nov 1st, 2007 02:54 pm |
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| Game, I think you've more than made your point. Now, let's get on with solutions!
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Game_Over2007
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Posted: Thu Nov 1st, 2007 02:17 pm |
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Some more good news for the "right wingers"
http://biz.yahoo.com/ap/071101/economy.html
http://biz.yahoo.com/ap/071101/wall_street.html
The market really knows whats going down and "nobody" can fix it. Rate cuts are just a band aid for covering up your "screw ups" and no more....... The FED left interest rates to low to long..... bottom line.... then creative lending came into focus and we have this BUSH disaster before us..... Yes he gets the blame for this because of his 2003 meeting with the financial institutions and setting an agenda for all this mess to develop..... Cheney and him both condoned the creation of "afford ability" for those who wanted to buy homes.....
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Game_Over2007
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Posted: Thu Nov 1st, 2007 01:32 pm |
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FED rate cut equals a real soar spot because the idiot in charge needs to cut the rate crap and let the markets correct themselves. The markets always do that in case you failed economics.
http://money.cnn.com/2007/11/01/markets/stockswatch_ny/index.htm?postversion=2007110107
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Game_Over2007
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Posted: Thu Nov 1st, 2007 01:24 pm |
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Well lets see what the Goldilocks economy has brought to the table today!
http://biz.yahoo.com/ap/071101/foreclosure_rates.html
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Fred
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Posted: Thu Nov 1st, 2007 10:53 am |
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While Clinton certainly did not hurt China's development, EVERY president from Nixon has done their part to help China along. They had good reasons for it; their theory was that China had more to gain by becoming part of the world and we would be better off harnessing that developing economic power then to let other countries take advantage of it.
What China is doing is very similiar to what we went through in our country....cheap labor? Poor working conditions? Unconcern for the enviornment? Wealth concentrated in the hands of a few? Food processing issues? Wide spread intellectual piracy? Yup...fits us to a tee from an earlier time.
Blaming Clinton (or Bush, or Reagan, or Nixon) isn't the answer. Coming up with ways to make (and to get people to buy) our product is.
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Game_Over2007
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Posted: Thu Nov 1st, 2007 09:49 am |
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Fed rate cut is a JOKE....
http://money.cnn.com/2007/11/01/markets/oil.ap/index.htm?postversion=2007110104
http://money.cnn.com/2007/11/01/news/companies/citigroup_execs/index.htm
http://money.cnn.com/2007/10/31/markets/gold.ap/index.htm?postversion=2007103115
http://money.cnn.com/2007/10/31/real_estate/paulson_housing.ap/index.htm?postversion=2007103119
http://money.cnn.com/2007/10/31/news/companies/galaxywarrior_recall/index.htm?postversion=2007103115
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Game_Over2007
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Posted: Thu Nov 1st, 2007 09:42 am |
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| Thank you CR Voter and Thank You Bill Clinton. Now lets see here. What Clinton did was "right" but what went wrong was the greed from our own corporate America that sold their souls to the devil to make their share holders more wealthy by selling out own middle class. You sit there reaping your so called wealth at the expense of our own labor force. MADE IN CHINA or wherever else things are made now is a household word anymore. As far as I'm concerned you "followers" or "bobble heads" in the right wing sold out America with your exporting of good American jobs based on "profit" and "greed" so your own kind could flip burgers and take on more of the service oriented jobs paying a lot less. Thirty year mortgages are borderline insanity when your in your forties going into major debt. BUSH is the worse president this country has ever had or will have for generations to come. So come next year you die hard right wingers will see things change as others will have to clean up the mess again. CR Voter, you sound like Lyle Jr too. LOL
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CR Voter
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Posted: Thu Nov 1st, 2007 12:51 am |
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| The "China Bubble" as you call it, is compliments of the Clinton Administration. Please give credit where credit is due.
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Game_Over2007
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Posted: Thu Nov 1st, 2007 12:34 am |
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Well the FED done what Bush needed but its not going to work. The fact nobody can afford a home anymore and "debt" is eroding the end pipe dream, we'll see a nice down turn soon and its not going to be pretty. You "pro" Bushies on this economy have your head in the sand and you need to wake up. The China Bubble will become a China Syndrome real soon. Markets have a way of correcting themselves when outside forces try to manipulate the end result.
http://money.cnn.com/2007/10/30/news/economy/oil_recession/index.htm?postversion=2007103013
http://money.cnn.com/2007/10/30/news/economy/fedrate_holidaymoney/index.htm?postversion=2007103115
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Kirk
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Posted: Wed Oct 31st, 2007 03:01 pm |
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CR: While I agree that using credit cards is not generally a good idea, people who are either without a job, or have had a significant reduction in their income, do not have many options. Again, popular mythology makes it appear that people are simply wasting away their incomes and if they only lived within their means all would be well. I suggest you consider reading the work of Elizabeth Warren on income and spending patterns in the U.S. since the early 1970s (the period of time with the introduction of mass marketed credit cards following the elimination of usury laws in the U.S.). Inflation adjusted, men's incomes have fallen over this period. Household discretionary income has fallen significantly over this period. Inflation adjusted, households in the early 70s had approximately $19,500 of discretionary income, by the early 2000s this had fallen to $18,000. It has fallen further since. Personal consumption expenditures as a percentage of household income have actually fallen in the U.S. since the introduction of the credit card. While more is spent on certain electronic items (home computers and cell phones did not exist in the early 70s), households are spending 33% less on clothing (WalMart anyone? Do children wear 'school shoes' anymore?), 23% less on food (less meat, more pasta and more warehouse-style big-box vendors) and 51% less on appliances (the WalMart-effect has brought down the price of radios, microwaves, etc. while average durability is up.). And dry cleaning has completely disappeared out of most household budgets. Discretionary income as a percentage of household income has fallen from 46% in the early 70s to less than 25% today. For a summary of Warren's more lengthy work, follow the link below.
http://privatizationofrisk.ssrc.org/Warren/
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Game_Over2007
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Posted: Wed Oct 31st, 2007 11:34 am |
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Isn't it amazing what we miss sometimes..... War Crimes Immunity ? haha
http://www.youtube.com/watch?v=wBUkxvfL_eE
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Game_Over2007
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Posted: Wed Oct 31st, 2007 11:24 am |
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Great commentary on "Rudy" the Messiah!
http://www.youtube.com/watch?v=0EuOLO8T-38
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Angel1965
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Posted: Wed Oct 31st, 2007 10:22 am |
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This one got me this morning GO2007....
http://finance.yahoo.com/expert/article/moneyhappy/50656
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Game_Over2007
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Posted: Wed Oct 31st, 2007 10:03 am |
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Well CR Voter... I'm not sure if you were running your mouth to me about my stock trades or not but if you were MSFT did very well for me on the spike up and I'll trade a few more who have risen from the dead. You have to step up to the plate to make money boy and have Level Two on the side or more. This is a traders market for the ones who have "discipline" to hit the enter key! NO emotion or second thoughts allowed!
Now as far as this debt goes. Lets see what we can evaluate from the following news posted. I think the call was right on the debt crisis and some say it could reach the trillion dollar mark with hidden paper and this does not include some of the paper in overseas financial institutions. The shakeups will be many and the article on the the six banks makes you wonder about the greed that brought us to this day of reckoning. Merry Christmas for sure and for some the gloom and doom has just begun and its going to get nasty. Using your "home" for an "ATM" machine just shows how damn dumb some people are and they deserve what the hell they get. Sorry.... The pity party's are over..... You've now enter the duh mode of life! Enjoy your day and always
http://money.cnn.com/2007/10/30/news/bankruptcy_bill.ap/index.htm?postversion=2007103019
http://money.cnn.com/galleries/2007/news/0710/gallery.wall_street_shakeups/index.html
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CR Voter
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Posted: Wed Oct 31st, 2007 02:48 am |
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Once again....Caveat Emptor. Foolish people spend money foolishly. You can not legislate intelligence or cure stupidity.
Anyone who uses a credit card to pay for education, should be sent to remedial classes.
Charging Food and household expenses is pure "tom foolery".
Kirk wrote:
...The largest portion of credit card debt comes from food and basic household expenses during periods of unemployment, second is medical expenses, and third is tuition and related educational expenses. While the mythology is very popular and constantly repeated in the images that are portrayed in the media, it is a myth, and data from bankruptcy hearings and spending patterns have shown this pretty consistently for the last two decades......
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Kirk
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Posted: Wed Oct 31st, 2007 02:27 am |
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Fred wrote: GO....there are many kinds of debt, and credit card debt is probably the worst of all. It is expensive, it is (generally) used for non-essential things, and has been extremely easy to get.
Sorry Fred, but I have to disagree. While there is a popular mythology about credit cards, bankruptcy, and the terrible decision-making ethics of the modern era; credit cards are not generally used for consumer purchases. The largest portion of credit card debt comes from food and basic household expenses during periods of unemployment, second is medical expenses, and third is tuition and related educational expenses. While the mythology is very popular and constantly repeated in the images that are portrayed in the media, it is a myth, and data from bankruptcy hearings and spending patterns have shown this pretty consistently for the last two decades. If people knew that the most commonly bankrupt individuals are parents with medical expenses/temporary layoffs that they borrowed to cover, we would probably not be so willing to rewrite bankruptcy laws to make it harder for people to escape crushing debts. Recently, the number of children in the U.S. going through bankruptcy exceeded the number of children going through parent divorce. Think about it, the average person knows more children going through bankruptcy than children whose parents are divorcing. (The original source data can be found in "The Two Income Trap")
As to being the worst kind of debt, I am inclined to agree but with caveates. Not because it has the highest interest rates (payday lenders have much higher rates, as do rent-to-own businesses) but because it affects the most people. Educational debt is quickly growing and may soon surpass credit card debt (it already has amongst people under age 35 - "Generation Debt" for data sources). I think this is perhaps worse than credit card debt. Why? Because the proportion of people taking out student loans that actually finish their degrees is less than 60%. This means that every year, hundreds of thousands of young people go heavily into debt (more than $25,000 these days) and have absolutely nothing to show for it when it comes to earnings because they did not finish their degrees. They also have to repay these loans in after-tax earnings, so they are further disadvantaged.
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CR Voter
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Posted: Wed Oct 31st, 2007 01:23 am |
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Pour yerself another one................hic
BTW what are your trades for tomorrow? Didn't do very well today did you?
Last edited on Wed Oct 31st, 2007 01:25 am by
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Game_Over2007
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Posted: Tue Oct 30th, 2007 10:55 pm |
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| Registered INDEPENDENT.... so I do not care who is in office but I try to make the right decision when I vote based on facts.... right now we have a real mess with Bush and its not going a way anytime soon. I want to know how this next generation is going to pay off Bush's debt for his IRAQ war...... this man needs to be brought up on charges for going to war for no reason at all. Last edited on Tue Oct 30th, 2007 11:36 pm by Game_Over2007
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Game_Over2007
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Posted: Tue Oct 30th, 2007 10:53 pm |
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| CR Voter.... you just don't get it..... both political parties are incompetent..... do you actually think they give a crap about you or anyone else? Clinton's record was a hell of lot better for this country than Bush's but to be honest with you both of them are for those who have the biggest pocket books to spend money for their needs.... Its the nature of the beast..... Last edited on Tue Oct 30th, 2007 11:39 pm by Game_Over2007
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Game_Over2007
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Posted: Tue Oct 30th, 2007 10:51 pm |
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Lets see how many people go to the Mall and other places around here and shop like they did last year...... Nobody can tell me its good out there now with retail sales.... By the way look at all this commercial real estate being built and buildings are empty still..... sign of good times? Don't think so...... also TWO MILLION homes on the market not including new homes for sale.... nice market....
http://finance.comcast.net/www/news.html?x=http://www.comcast.net/data/news/2007/10/30/801490.xml
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CR Voter
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Posted: Tue Oct 30th, 2007 10:48 pm |
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Isn't China Clinton's baby? Wasn't NAS 5000 on Clinton's watch? And you complain about President Bush?
Game_Over2007 wrote:
I agree each family has to take control of their finances with discipline being the rule of order so a family can enjoy life for what it was meant to be. Unfortunately we've let this system of legalized fraud where banks and other lenders sell their souls to the "greed factor" and take advantage of those who try to live the so called American dream.
Wall street is notorious for pumping and dumping using the ETF's via "hedge funds" to do their dirty work which in some cases causes major market indexes to move in either direction a good 3 percent. Look at the last five minutes of trading some days before the closing bell. You can see the market some days move 150 to 200 points. The China / Asia bubble is about ready to explode and then we'll see what this all means. It's a real facade and a lot of people who think the markets just go up now are going to get burned and burned bad as the "good ole" boys who know what they're doing take your money. FACT..... Remember Naz 5000 and all the hype there..... We have some serious problems brewing and its going to HURT.
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CR Voter
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Posted: Tue Oct 30th, 2007 10:46 pm |
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Caveat Emptor. For those of you who look at me cross eyed when I use this, it means "buyer beware.
You cannot legislate intelligence, nor can you protect fools.
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Game_Over2007
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Posted: Tue Oct 30th, 2007 10:43 pm |
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I agree each family has to take control of their finances with discipline being the rule of order so a family can enjoy life for what it was meant to be. Unfortunately we've let this system of legalized fraud where banks and other lenders sell their souls to the "greed factor" and take advantage of those who try to live the so called American dream.
Wall street is notorious for pumping and dumping using the ETF's via "hedge funds" to do their dirty work which in some cases causes major market indexes to move in either direction a good 3 percent. Look at the last five minutes of trading some days before the closing bell. You can see the market some days move 150 to 200 points. The China / Asia bubble is about ready to explode and then we'll see what this all means. It's a real facade and a lot of people who think the markets just go up now are going to get burned and burned bad as the "good ole" boys who know what they're doing take your money. FACT..... Remember Naz 5000 and all the hype there..... We have some serious problems brewing and its going to HURT.
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Habanero
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Posted: Tue Oct 30th, 2007 07:31 pm |
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Fred wrote: GO....there are many kinds of debt, and credit card debt is probably the worst of all. It is expensive, it is (generally) used for non-essential things, and has been extremely easy to get.
It would be interesting to see a similiar melt-down in that portion of the debt industry....and it wouldn't surpriseme to see a fairly large coorolation between those who were running into problems with their mortgages who put it off a bit by borrowing against their credit cards...and now they both may crash.
I have to agree with you Fred. We have finally paid off all of our credit card debt and now just use one that has a reasonable interest rate and a low limit, which allows us to pay it off entirely most months because we are only using it for essentials, such as supplies we need for the renovations we are trying to finish, or school clothes for a growing child.
I admit there were times in the past we used the credit cards to pay such as the electric bill so that the mortgage could be met, while keeping the lights on. But we have learned our lesson and have learned it well. Other than what we are doing in the house or one time things, the credit card is for emergencies and if the debit card can't be used, the money isn't spent because it isn't there. Thankfully, I know how to stretch a dollar until good old George screams for mercy
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Jurisprudence
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Posted: Tue Oct 30th, 2007 06:07 pm |
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The massive leverage and almost fraudulent “slicing and dicing” of collateralized debt obligations (CDOs) eventually caused this major credit problem, itself a recessionary influence. In addition, it was clear that a major downturn in residential housing was likely to occur and worsen. Well, it certainly happened, and it triggered a bursting of the incredible liquidity-driven asset bubble of the past few years. A worsening housing market would, sooner or later, affect consumer spending, which makes up 72 percent of gross domestic product (GDP). Most Wall Street “experts” and “cheerleaders” ridiculed this view. Senior figures such as President Bush, Treasury Secretary Henry Paulson, and Fed Chairman Ben Bernanke said that our economy was “strong” and looked good into the future. Nothing to worry about, they said. The recent Fed cuts acted like a shot of morphine — the sense of pain seemed to be less. So the bond markets remained bullish and stock markets climbed to record levels. What else does the rate cut mean? Skyrocketing inflation ahead.
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Fred
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Posted: Tue Oct 30th, 2007 05:49 pm |
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GO....there are many kinds of debt, and credit card debt is probably the worst of all. It is expensive, it is (generally) used for non-essential things, and has been extremely easy to get.
It would be interesting to see a similiar melt-down in that portion of the debt industry....and it wouldn't surpriseme to see a fairly large coorolation between those who were running into problems with their mortgages who put it off a bit by borrowing against their credit cards...and now they both may crash.
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Game_Over2007
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Posted: Tue Oct 30th, 2007 03:54 pm |
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Just for those of you who think "debt" is lovely and we need it in our economy.
http://money.cnn.com/2007/10/29/magazines/fortune/consumer_debt.fortune/index.htm?postversion=2007103007
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Angel1965
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Posted: Sun Oct 28th, 2007 01:32 pm |
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| I'm sure they will compromise the SCHIP bill going forward. To much at stake and both sides of the isle need to get something done on their watch... both sides are guilty as charged.
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Angel1965
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Posted: Sun Oct 28th, 2007 01:30 pm |
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| You only see what you want to see but the truth always prevails. Those of you who have "over extended" your living standards will pay the price for believing in this man calling this the greatest economy ever. GO2007 said it like it really is out there and added his views precisely as they are when you speak of reality in this global market place.
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CR Voter
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Posted: Sun Oct 28th, 2007 01:29 pm |
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| Just like it was when the Rebubs were in control of the Senate. The problem is in the house where the majority is larger. If you have a memory you might remember that the Senate passed the SCHIPS Bill will a veto proof majority. Against the President's wishes. Now what?
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Angel1965
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Posted: Sun Oct 28th, 2007 01:25 pm |
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| Well how can you get anything done when you need 60 votes to over ride the Bushism BS politics? Dems got elected but their stuck with the loyal right wingers who can't break ranks. Those who wont break ranks will get their just due soon enough.
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CR Voter
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Posted: Sun Oct 28th, 2007 01:22 pm |
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How can the price of oil be going up? Didn't the Dems tell us in 2006 that they were going to take care of that when they got elected. Well they got elected and oil is up $30 per bbl since that happened.
Game_Over2007 wrote:
Here comes $100 a barrel oil and lets see what the "right wing" rhetoric is this week because all I keep hearing is how great this economy is and yet all thats really happening is foreigners are making a ton of money off of us and our labor force is being paid less and less as the "global economy" rapes the average middle class and poor in this country. You "GO" George W. Bush tell everyone how great things are in the good "OLE" USA. Between you and your investment buddies on Wall Street this country can't ask for anything better! Hope your FED buddy can bail your sorry ass out with another "band aid" rate cut to pump this bull market up again. Anticipation of a rate cut is a sure thing for a short term rally and profit off the table again and again. The "game" will soon be over for you and your facade. Hillary will have to clean up the mess like Billy did after another Bush. The Bush name has been disgraced enough in history. We never learn do we?
http://money.cnn.com/2007/10/26/news/economy/gas_oil/index.htm
Last edited on Sun Oct 28th, 2007 01:23 pm by
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Game_Over2007
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Posted: Sun Oct 28th, 2007 01:20 pm |
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This was conveniently posted after the closing bell on friday.....
http://news.yahoo.com/s/csm/20071026/ts_csm/afloor
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Game_Over2007
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Posted: Sun Oct 28th, 2007 12:54 pm |
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Sure hope we don't have a real bad winter. Lets see what this tells you when your ass gets cold and no money to pay for heat. Thank you "bull market".
http://money.cnn.com/2007/10/09/news/economy/heating/index.htm?postversion=2007100912
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Game_Over2007
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Posted: Sun Oct 28th, 2007 12:49 pm |
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Gotta love AMERICA..... I paid for this right......
Last edited on Sun Oct 28th, 2007 12:50 pm by Game_Over2007
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Game_Over2007
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Posted: Sun Oct 28th, 2007 12:45 pm |
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| Wal Mart numbers show the average shopper has enough income now to shop 23 days out of the month. This data is telling you something and its a hell of lot more reliable than any government FUZZY math being told to CNBC and the rest of the culture of "bobble heads" who can't seem to think for themselves and see what the hell is really going on around them. Sometime "simple math" is better. Last edited on Sun Oct 28th, 2007 12:46 pm by Game_Over2007
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Game_Over2007
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Posted: Sun Oct 28th, 2007 12:39 pm |
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| Oil will be a factor this coming holiday season when the retail sector sees sales drop and the reality of how much money you have to spend is reality. Wal Mart sees this arleady. Funny huh? Last edited on Sun Oct 28th, 2007 12:41 pm by Game_Over2007
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Fred
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Posted: Sun Oct 28th, 2007 12:39 pm |
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The problem, GO, is that $100 a barrel oil is not affecting us RIGHT NOW. I guess that the price is for futures (which affect the current price in some way, but not directly)...but I am still paying the same amount for gas.
I suspect it will go up, ad other things made from petroleum will go up....eventually, but it isn't affecting us today, so we don't care about it....what is happenning to K-Fed and Brittany is far more interesting to most.....
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Game_Over2007
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Posted: Sun Oct 28th, 2007 12:33 pm |
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Here comes $100 a barrel oil and lets see what the "right wing" rhetoric is this week because all I keep hearing is how great this economy is and yet all thats really happening is foreigners are making a ton of money off of us and our labor force is being paid less and less as the "global economy" rapes the average middle class and poor in this country. You "GO" George W. Bush tell everyone how great things are in the good "OLE" USA. Between you and your investment buddies on Wall Street this country can't ask for anything better! Hope your FED buddy can bail your sorry ass out with another "band aid" rate cut to pump this bull market up again. Anticipation of a rate cut is a sure thing for a short term rally and profit off the table again and again. The "game" will soon be over for you and your facade. Hillary will have to clean up the mess like Billy did after another Bush. The Bush name has been disgraced enough in history. We never learn do we?
http://money.cnn.com/2007/10/26/news/economy/gas_oil/index.htm
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