United States economy doomed …

[freedom]

you know you’d think with the market having gone up yester by about 276 points and it continuing to rise today I’d feel better , but I don’t I feel worse ….

I think there’s a huge plunge coming …. The kind that makes the market shutdown ….

 

[Gilding the Lily]

You know the deal and you avoid making a counter argument.

No worries. Che and I already had this discussion complete with counter-arguments on both sides; you are late to the football game. No need to rehash it just for your benefit. We both agreed on one point: We have "no problem with a free market and competition."

 

[El Che]

No worries. Che and I already had this discussion complete with counter-arguments on both sides; you are late to the football game. No need to rehash it just for your benefit. We both agreed on one point: We have "no problem with a free market and competition."

FARC a NYSE traded company?
Here's some more free market for you.
Grasso wanted FARC to launder their drug money through the NYSE. Since FARC leader Raul Reyes declined, naturally FARC remained an "evil terrorist organization." Reyes was made an offer he couldn't refuse. Of course, he refused and as we know, Reyes was whacked in Ecuador earlier this year. It took them 8 years, but he was finally "got."
I wonder if Reyes knew all the benefits that could have reaped if he had accepted the offer.
For one he would no longer have been a terrorist.
He probably would have been used against Hugo Chavez and would have been labeled a "freedom fighter" like the Contras. Heck, they probably would have given him a full scholarship to the School of the Americas in Ft. Benning, GA (formerly in Panama) .Prestigeous SOA Grads.
Imagine all those U.S. tax dollars he could have received, in addition to his drug profits. These profits would have been reduced slightly because the NYSE had to get their laundering fee...but hey its a small price to pay to have the DEA off your back. Besides, thats free market capitalism. Right?

 

[freedom]

Freddie and fanny mac anyone ?

I predict black Monday 2 tomorrow .

 

[Gilding the Lily]

Freddie and fanny mac anyone ?

I predict black Monday 2 tomorrow .

I think your prediction is unfounded. Why do you think the government conservatorpship of Freddie and Fannie was implemented? It was to help prevent further market losses due to the subprime mortgage crisis. This is good news for financials. I am not necessarily saying that these units should have been rescued, but I am saying that this will be seen as a significant positive sign for the markets. Investors hate uncertainty; this move definitely removes a lot of uncertainty. I suppose a drop in the dow may occur, but a Black monday is unfounded. I have my money on a short-term rally in both asian and US markets.

 

[Gilding the Lily]

Freedom,

I certainly hope that you did not take any actions based on your prediction. The market closed up nearly 290 points (2.5%). It was only a "Black monday" for those who predicted a down turn and shorted the dow components (unless, of course, they shorted United shares just prior to the rumors).

 

[Tug McGroin]

you know you’d think with the market having gone up yester by about 276 points and it continuing to rise today I’d feel better , but I don’t I feel worse ….

I think there’s a huge plunge coming …. The kind that makes the market shutdown ….

Just make sure Chuck Schumer doesn’t write a public letter to the shareholders of your bank.

 

[delldude]

Freddie and fanny mac anyone ?

I predict black Monday 2 tomorrow .

The line was Chicken Little and 6 points.....

 

[freedom]

Well , no black Monday after all … I was surprised …

I guess I need to take a more guarded attitude toward economic matters …. But in my gut , I can still feel the freight train a coming! Choo chooo!

 

[Gilding the Lily]

Well , no black Monday after all … I was surprised …

I guess I need to take a more guarded attitude toward economic matters …. But in my gut , I can still feel the freight train a coming! Choo chooo!

I don’t believe that our country can survive with oil prices as high as they are today ,, maybe somewhere in the 110 to 120 range … but I don’t see the prices falling that low until we’ve sustained critical damage ..

Freddie and fanny mac anyone ?

I predict black Monday 2 tomorrow .

I would agree that a more guarded attitude may be in order. Your predictions thus far have been lacking in merit. (Oil on Friday was $106 and "Black Monday" turned out to be Green for all the greenbacks people made in the markets today). Let's hope, for America's sake, that the remainder/gloomier of your predictions also prove to be meritless. But we should always be prepared for the worse, whether we have a gut feeling or not.

 

[UAL_TECH]

Well , no black Monday after all … I was surprised …

I guess I need to take a more guarded attitude toward economic matters …. But in my gut , I can still feel the freight train a coming! Choo chooo!

There is a train coming for us all.

B) xUT

 

[delldude]

I'll take the Silver Bullet

 

[Bobbie]

In any business, which is what government is, the more you borrow, the more your lenders exercise control over your enterprise. This is true for governments as well as conventional businesses. The more we borrow from foreigners, the more right the foreigners have to do things like determine our foreign policy, etc. It's not like we have a choice. There's not enough money left here to finance all we want to do. It's not like we can just print extra money and flood the market with cash. Oh wait, we're doing that too. Screw inflation and the value of the dollar.

The second we're unable to make payments on this debt (we pay interest only, mind you) they can come in and take over. No lender would have it any other way. Do you expect anyone to FORGIVE U.S. debt? Not likely.

This country is being run like "new money." Lots of irresponsible, unnecessary debt being used to maintain cash reserves. Imagine paying interest on a billion dollars just so you can hang onto the 100 million in cash on hand that you have. What we're doing is very similar. Heck, this sounds like US Airways!

The government does not have the money to fund the war, the budget, etc. There aren't enough workers here to provide enough taxes to support it, even if we had 100% taxation on every American's income.

We keep buying imports. That eliminates jobs in the United States and lowers the wages on the jobs that remain. We're literally selling our souls to the Asians. They are laughing at us. You can deny it all you want, but when the Japanese are arriving in San Diego to foreclose on the Pacific battle fleet because we haven't made the payments, deny it then.

 

[delldude]

There's not enough money left here to finance all we want to do. It's not like we can just print extra money and flood the market with cash. Oh wait, we're doing that too. Screw inflation and the value of the dollar.

Just what do you think drives inflation...they do it all the time.

The government does not have the money to fund the war, the budget, etc. There aren't enough workers here to provide enough taxes to support it, even if we had 100% taxation on every American's income.

Thank God they rob the SSI account or we'd really be in trouble.....

We keep buying imports. That eliminates jobs in the United States and lowers the wages on the jobs that remain. We're literally selling our souls to the Asians. They are laughing at us. You can deny it all you want, but when the Japanese are arriving in San Diego to foreclose on the Pacific battle fleet because we haven't made the payments, deny it then.

Not too tough with EPA and regulations chasing out corporate entities.
Foreign products are superior to US made goods because we don't make anything here anymore.Where you live,in a castle?

 

[Bobbie]

Just what do you think drives inflation...they do it all the time.

Thank God they rob the SSI account or we'd really be in trouble.....

Not too tough with EPA and regulations chasing out corporate entities.
Foreign products are superior to US made goods because we don't make anything here anymore.Where you live,in a castle?

Cry me a river with your EPA regulation criticism. Without the EPA, we wouldn't have water clean enough to bathe in, let alone drink. Corporations have made it abundantly clear that, absent regulation, they will not regulate themselves. There's always some corner they can cut and poison a village of people. They're doing it in China right now. They did it in the United States a century ago. It's a cycle that will keep going until the world is left of nothing more than poisonous muck. It will all come around full circle.

Where do you live? We don't live in a castle but we do live behind gates. I don't apologize for living where we live. We live in a gated community because we enjoy a certain lifestyle that's not present elsewhere. We have built a wonderful community through careful planning and regulation, something you could never understand.

You're right that nothing is made here. I drive a German car, my husband drives a British car, our home was built by Mexicans, most likely of questionable documentation, I use a phone made in Finland, my appliances are German-made, my electronics are Japanese, made in China. The list goes on. About the only thing in our home that's domestic is the furniture, not including the Italian sofas.

What would the alternative be to all of my imported goods? An American car? What a joke. Building a home with legal, caucasians? My home would cost 5 times as much to build and still be worth the same as the house next door built by Mexicans. No thanks. A US-made cell phone? Doesn't exist. American appliances? Not if I want them to work. An American TV? RCA and Zenith, classic American brands, are French and Korean now, respectively but both are made in China. A US-made sofa? Sorry, Ethan Allen lacks Italian style and leather quality.

You can make fun of my relationship with Jesus Christ all you want with your hateful remarks, but they only make me love you more.