Horrible News For Anti-Obamaniacs. Economy Is Improving!

Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: jpete On: Mon Mar 23, 2009 6:05 pm

stockingfull wrote:
Devil505 wrote:
jpete wrote:I call a dead cat bounce. Something like 6 of the top 10 highest percentage gains in the Dow happened during the Depression.

Nothing fundamental changed other than BO announced he is going to spend a trillion of my great grand childrens money to buy all the worst crap these banks have on hand.


Is that you Scrooge?......The Grinch???


(Just think how terrible the news will be in about a year when we get to the point that no U.S. troops were killed in the middle east.....a general comment not aimed at you Jeff or anyone in paticular here)

Don't forget, Dev, Jeff's one o'them "Librarians" or "Constilingualists" or sumpin'. :D

They're always in a bad mood 'cause they can never get people to elect their candidates. :bang:


Yeah, silly me for believing the lie that this is a government of, by, and for the people. It's tyranny of the minority.

And don't give me crap about 53%. It was 53% of the 60% that bothered to vote. And most of them were first timers because BHO promised to give away the store.

jpete
 
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: Black_And_Blue On: Mon Mar 23, 2009 6:12 pm

jpete wrote:......Something like 6 of the top 10 highest percentage gains in the Dow happened during the Depression.



I've heard the term suckers rally.

Here's a question to ponder :

Even if the Dow were to return to 14k and you were fortunate to have timed all your trades perfectly, what would you have really gained now that the money supply has been diluted by Trillions of Federal Reserve Notes?
Black_And_Blue
 
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: Paulie On: Mon Mar 23, 2009 6:12 pm

I suspect we will be in Iraq for ever. Maybe not kicking doors and ass every day, but the American base deep in the desert
is a city, no way are they going to shut that baby down. That city exists to keep the heat on Iran and anybody else who
does not want to play nice.
Paulie
 
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: jpete On: Mon Mar 23, 2009 6:14 pm

Black_And_Blue wrote:
jpete wrote:......Something like 6 of the top 10 highest percentage gains in the Dow happened during the Depression.



I've heard the term suckers rally.

Here's a question to ponder :

Even if the Dow were to return to 14k and you were fortunate to have timed all your trades perfectly, what would you have really gained now that the money supply has been diluted by Trillions of Federal Reserve Notes?


Good question. The answer is no. You'd have gained nothing because all those dollars are work a lot less. If the Dow gets back to 14k, we are in real trouble. It was a bubble to begin with. The Dow should be no more than about 5k right now. Maybe 6k.
jpete
 
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: BillMarti On: Mon Mar 23, 2009 8:14 pm

I have a question where's is the 4+ trillion coming from to pay back that we didn't have in the first place. How and who's going to pay it back. And how long is it going to take to recover it. Just curious what the happy dance is all about because as far as the stimulus bill goes most of the money hasn't been released yet. And BO hasn't made a speech in the last couple of days on national TV.

Bill S.
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: Poconoeagle On: Mon Mar 23, 2009 9:26 pm

my uncle used to use the word " malarkey " i think it almost applies here :)
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: jeromemsn On: Tue Mar 24, 2009 12:43 am

Why are we buying our own notes ? I thought that the whole world wanted to buy our notes since there was no way that we would ever default. So how come we bought our own notes hmmmmmmmm, tell me, tell me, tell me.
I like the snow job. Toxic assets will be sold following this formula. Per every 100 dollars, 1 dollar from investor, 1 dollar from government, government leverage of the other 98 dollars. Now one thing my momma always told me, if it looks like chit and smells like chit it's gonna taste like chit. I'm telling you those are not toxic assets there non existing assets as in the paper they are written on is worth more than the so called assets. I bet if we collectively purchased a so called toxic asset and tried to trace it down and locate it we could not find it in this world or universe.
I know I'm a simple minded person but now really seems like the things that would be worth the most are worth the least.
First we need to eat everyday, second we need to drink everyday, third we need to use the bathroom everyday. Next we need to live someplace and make enough money to do the first 3 things.
Now if you want to be a show off go for it be my guest just don't drag me and my tax dollars into it. I got better thing to do than to worry about a damn bank taking risk and what the treasury is going to do about it. If a bank doesn't know how to operate like a bank then close the damn thing down.
What a bunch of worms the government has turned into. Some of us didn't want to get so tied up in the damn stock market that we would have to read the Wall Street Journal everyday worrying if the chit was gonna hit the fan.
OK so now they have us all involved in one way or another, so now what, who do they bring in now to bring in fresh money. Guess more space exploration is in the works, because brother I don't know about the rest of you but I'm tapped out, there ain't no more in my pockets and the local and state government are starting to lick there chops and drool,. they want more money too.
No wonder gun sales are going through the roof.
I'm telling ya it was all a big ponzie scheme period. why else would they have to bring in so much more money. PONZIE! Nobody has been fired, Nobody has been investigated, PONZIE Federal Government + Wall Street PONZIE.
These are my words and thoughts but I really do believe that soon we, WE will be a third world country. We did this and the rest of the world wants there money and once they get it they will shut us down.
jeromemsn
 
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: BillMarti On: Tue Mar 24, 2009 7:48 am

I have another question where is the money coming from that to government is buying up all the mortgages on $.50 on dollar.
Please don't tell me the stimulus bill because ain't nobody read it yet according to the government or are they still lying to us.


Bill S.
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: BobDavis On: Tue Mar 24, 2009 8:38 am

Fox News yesterday posted a graphic that every family of three will owe $116,000 when all this money is spent. Fix the economy or wreck your financial future. What to do. What to do.
I think we have to find some adults in government that can make hard choices not just make everybody feel good.
I think we have finally gotten to the root of the problem with a plan to fix the "toxic" assets problem. Funny how it took so much money to get to the point were we can spend more money.
I guess in this case it wasn't tax and spend, it was spend and tax. Same result, we are left holding the bill.

BD
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: Devil505 On: Tue Mar 24, 2009 9:54 am

Yeah.....I guess you guys are right. :(

What this country desperately needs is a new direction.....A foolproof system that will save our economy!

How about this:

1. Let's start a few unwinable wars. (put them on the other side of the world so it'll be even more expensive to just get there....& just pick our "Enemies" at random)
2. Stop ALL Constitutional oversight of private enterprise......The system will work fine by itself......Almost any game is more fun to play when you take the silly RULES away & there are no umpires....right??
3. Let's fire all federal watchdogs & investigators that don't belong to OUR church, OUR fraternity or OUR Country Club & make complete (provable) incompetence the number one job requirement.
4. Lets raise the taxes of the middle class so that they can't afford to pay their mortgages, buy cars or do anything but pay their taxes ......which will now be collected at the filling station & the name changed from the unpopular "Income Tax" to something more appealing......hmm...How about gasoline & home heating oil?
5. Let's drastically CUT OUR taxes & the taxes of our fellow country club buddies.
6. Let's stop all science & higher education......an informed electorate is a dangerous electorate!
7. Let's keep the people scared of a "Boggieman De Jour" who we will vilify daily to keep their minds off of how hungry & cold they really are.

Those are just a few ideas that..............

Oh...wait a minute.......We already tried those ideas for 8 years :gee: :down:

Much as I appreciate all the great old ideas for fixing our economy......I think I'll listen to the new guy.....for a CHANGE! :P :lol: :devil:
Devil505
 
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: titleist1 On: Tue Mar 24, 2009 10:02 am

Two observations....
One, while any increase is usually better than a decrease, did you notice the % of foreclosed and short sale transactions? That would temper my enthusiasm at the bump in transactions.

Two, I think you are smart enough to realize that "Wall Street" and the "Economy" are generally recognized by financial "wizards" to be two different things not necessarily tied together. Dead Cat bounces do not indicate long term economic recovery and similarly huge one day or one week drops do not indicate economic depression on the horizon.
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: Devil505 On: Tue Mar 24, 2009 10:06 am

titleist1 wrote:Two observations....


So.....Do you want to return to the "Sure Fire" seven ideas I listed above?

What SHOULD we be doing then?

The way I see it we have 3 choices:

1. Do Nothing ...Stay The Course....(rejected by the voters last November)
2. Support President Obama (Follow the advise of the best economists in the world who are advising the new President)
3. Try something else (but merely saying NO is not a plan....Let's hear some specifics)

What I am saying is:
So the sky is falling NOW but it wasn't b4 1/21/2009 at 12:01pm?
Stop screaming "Fire" & point out the theater EXIT where you think we should go!
Last edited by Devil505 on Tue Mar 24, 2009 10:40 am, edited 1 time in total.
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: billlindley On: Tue Mar 24, 2009 10:18 am

Wait just a minute please. The headlines are great!! I mean everything is better right?

Jesus, I mean Obama, has saved the entire world. Home sales are up 5.1%! Great News!!

5.1% of a number that is 50% lower then it peak is an improvement but I wouldn’t sound the trumpets from heaven yet. Let’s see some sustained gains and see if this just isn’t some bargain hunting.

By the way it is bargain hunting as the median home sales price for all of 06 was $221K, 07 was $219K, 08 $198K. This 5.1% increase is due to the fact that the median selling price is $165K. Yes sales are up but the perceived wealth is still gone. And it cost a few trillion just to get hear…


Doesn’t seem all that rosey…


Stocks are up 12% from their lows. Sounds great until you realize they are still 40% from their highs. 9 trillion in wealth has bee squandered.

Not blaming nor praising anyone just simply saying let’s wait until we say it’s all over. The final boom to this market in terms of credit cards completely drying up has not come yet. Once that shoe drops you will really understand how most people live.
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: BobDavis On: Tue Mar 24, 2009 10:27 am

Just so we don't "kill the golden goose" with class envy let's see who pays the taxes.

http://www.ntu.org/main/page.php?PageID=6

Top 1% 39.89% (AGI $388K)

Top 5% 60.14% (AGI of $153K)

Top 10% 70.79% (AGI of $109k)

Oh my GOD!!! The top 5% already pay 60% of the taxes!!! And guess where President Obama want to raise taxes. (No need to guess, it was $150,000 and up.)

Where is the shame???? Doesn't this seem unfair to you?

BD
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Re: Horrible News For Anti-Obamaniacs. Economy Is Improving!

PostBy: Devil505 On: Tue Mar 24, 2009 10:32 am

billlindley wrote:Not blaming nor praising anyone just simply saying let’s wait until we say it’s all over.


I think anyone would agree with that. My question....& the reason why I posted this "Tongue In Cheek" thread is simply this:

What are all the "Nay Sayers" going to say IF this economy really does turn around in a sustained way & IF the CHANGE we all voted for last November really has occurred?
What will the RNC & Fox News have left to complain about??.......President Obama's choice of neckties?...Lack of bowling skills?.....He's too skinny? ;)
Devil505
 
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