Looks like Obama got the market back on track
- Thread starter MadJack
- Start date
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couldnt have said it better myself. Oh wait a minute. I have several times.
kc - you wonderful magnificent bastid !
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kc
if you dont mind what do you think of skulfuk here
TIA
There's no way that this is believable. They may have "net income" - but it will be bs
IMO the move today wasnt because of Citi -the "profits" doesnt change the fact it has a ton of worthless assetts and we dont know the reality of the accounting - or Bernanke - hell he has been saying the same thing for awhile - its because of the announcement of strict limitations on short selling or the "uptick rule." The short sellers have been forcing things down. The notion that today means some recovery is on the way just doesnt hold - heck the Administration is already lowering its job "save or create" estimate well downward and talking Pork, I mean Stimulus 2.
Well this will get interesting
We have a wanna be handicapper who proposes he lost 2.3 million--who trys to peddle picks on a forum--where would you like to start?
Handicapping-service to country-financials ?
:0corn
we already give her welfare(wic,food stamps etc) ...so now, just take this man`s money and give it to her....curtailing his ability to employ more people...
stagnation..
that`s what we`re doing....
as an aside,let me mention that democrats and pelosi have stripped e-verify out of the stimulus...allowing more than 15% of construction jobs to go to illegals.....in many cases undercutting american wages...
anyway...here`s the situation explained in simple terms...
""Heidi is the proprietor of a bar in Berlin.
In order to increase sales, she decides to allow her loyal customers
- most of whom are unemployed alcoholics - to drink now but pay later.
She keeps track of the drinks consumed on a ledger
(thereby granting the customers loans).
Word gets around and as a result increasing numbers of customers flood
Into Heidi's bar.
Taking advantage of her customers' freedom from immediate payment
constraints, Heidi increases her prices for wine and beer, the
most-consumed beverages. Her sales volume increases massively.
A young and dynamic customer service consultant at the local bank
recognizes these customer debts as valuable future assets and increases
Heidi's borrowing limit.
He sees no reason for undue concern since he has the debts of the
alcoholics as collateral.
At the bank's corporate headquarters, expert bankers transform these
customer assets into DRINKBONDS, ALKBONDS and PUKEBONDS. These
securities are then traded on markets worldwide.
No one really understands what these abbreviations mean and how the
securities are
guaranteed.
Nevertheless, as their prices continuously climb, the securities become
top-selling items.
One day, although the prices are still climbing, a risk manager
(subsequently of course fired due his negativity) of the bank decides
that slowly the time has come to demand payment of the debts incurred by
the drinkers at Heidi's bar.
However they cannot pay back the debts.
Heidi cannot fulfill her loan obligations and claims bankruptcy.
DRINKBOND and ALKBOND drop in price by 95 %. PUKEBOND performs better,
stabilizing in price after dropping by 80 %.
The suppliers of Heidi's bar, having granted her generous payment due
dates and having invested in the securities are faced with a new
situation.
Her wine supplier claims bankruptcy, her beer supplier is taken over by
a competitor.
The bank is saved by the Government following dramatic round-the-clock
consultations by leaders from the governing political parties.
"""""The funds required for this purpose are obtained by a tax levied against
the non-drinkers."""""
THIS WORKS UNTIL WE RUN OUT OF OTHER PEOPLE`S MONEY....
btw,kc....that was a very personal post...it`s a political forum and disagreement is what it`s all about...
it would be "un-american" if morans like yourself had your way and only one p.o.v. were allowed to be heard...
now,take your meds...might help keep you from going menstrual on the other posters(or not,your call).......btw, i loved the little "heading to the hospital" drama(i always enjoy a touch of pathos:thumb: )......
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- Jun 11, 2007
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btw..i would have said basically the same thing to someone who seldom if ever posts in political had they come in here and gone on a personal rant against kosar,chaddy,smurph,stevie,wocky,bobby...... or even scottie...
Unemployment Rate
Start of Reagan - 7.5%
2 Years Later - 10.8%
S&P 500
Start of Reagan - 131
19 months later - 102
Reagan inherited about a 7.5% unemployment rate when he took office in Jan. '81. By Jan. '83, a full TWO YEARS into "Reaganomics" the unemployment rate had ballooned to 10.8%! How's that for a market that is rejecting a president's agenda? The stock market was giving the exact same pessimistic opinion of the Reagan presidency. By August of 1982 the S&P 500 had dropped 22% from the start of the Reagan presidency. That was a full 19 month reaction to Reagan as opposed to the 6 week reaction to Obama the nuts on CNBC want us to listen to0.
Start of Reagan - 7.5%
2 Years Later - 10.8%
S&P 500
Start of Reagan - 131
19 months later - 102
Reagan inherited about a 7.5% unemployment rate when he took office in Jan. '81. By Jan. '83, a full TWO YEARS into "Reaganomics" the unemployment rate had ballooned to 10.8%! How's that for a market that is rejecting a president's agenda? The stock market was giving the exact same pessimistic opinion of the Reagan presidency. By August of 1982 the S&P 500 had dropped 22% from the start of the Reagan presidency. That was a full 19 month reaction to Reagan as opposed to the 6 week reaction to Obama the nuts on CNBC want us to listen to0.
.................................................................btw..i would have said basically the same thing to someone who seldom if ever posts in political had they come in here and gone on a personal rant against kosar,chaddy,smurph,stevie,wocky,bobby...... or even scottie...
why is the group listed
and then you say even scottie.
wtf :nono: :shrug:
Well this will get interesting
We have a wanna be handicapper who proposes he lost 2.3 million--who trys to peddle picks on a forum--where would you like to start?
Handicapping-service to country-financials ?
:0corn
Where would I like to start? Figured you would change the subject and slam me over sports betting I tried 5 years ago. I at least had the decency to guarantee plays and I write a check for a refund. I hurt to this day over my mistakes. Yes, I made big time mistakes.
Now let's get back to the isue of the politics in this thread. I see you have a strong desire to look like a fool. I just read your thread about dem's earmarks. What a shameless, moronic post. Try searching responsible citizens on taxes & earmarks. The top ten list our all republicans. I only mention it because that is all you ever want to hear. Billions and billions spent on special interests.
To make myself clear, I'll repeat: they are all republicans. You also forgot to mention Bo Pickens and Warren Buffet like the direction so far in the most difficult time in our history, barring the Civil War. These two guys are willing to work for a solution without politics. What the fuck is wrong with people. Willing to stick for a particular party, even if it brings us down? I thought I was kind'a smart. I guess working together is a bad idea and I better shutup.
I am the most centrist person you would ever meet, voting for many republicans over my 56 years and voting for many demorcrats. I made mistakes voting for many of both sides. In fact, I would find it hard to find anyone who voted for the right person over recent years, DC is a sick place.
Yet, you don't want to hear anything of it. March the party line, not matter what the consequenses. I watch Fox, CNN, MSNBC everyday. I listen to a variety of radio everyday, especially enjoy Sean Hannity's bullshit. I buy and read books every year by conservatives, liberals, whatever? Why all the labels and the hate when we need smart people from everywhere to get out of this situation.
Wayne, I really don't think you are trying to help and living on the edge of some sort of un-American agenda. BTW, you have a great first name.
I like to write for a living and tried to give a well thought out post on non-partisanship. Never saw you in that thread. You would rather do an easy google to 2-3 sites and act like you are smart. Sorry, disgusting.
Oh, one more thing for you DTB, my losses over the last 5 years were 42%, kind of proud of that considering. I lost $1.30 if that makes it more believable to you. I don't have to work, I assume you don't have to either. Besides, you are moving to China soon, right. I remeber that thread.
Hey Atlanta, you asked about skulfuck. I have the same opinion as you.
I forgot the name of the dumbest person on the planet that posts all the time here, I just pray he'll have the courage to open up his NRA catalogue and buy a weapon that will leave no doubt when he uses it on himself.
If anyone cares, got out of the hospital at 2:30 today, I'm happy about that. Just say'in.
kcwolf, bound for loophole's wedding soon.
Considering your 1st paragraph--and fact you really were in hospital--I'll not continue on issue.
-hope you get to feeling better and give loop my regards.
-hope you get to feeling better and give loop my regards.
oh it`s coming,wuff.....i won`t have my weapons for much longer.....
of course,obama and his puppets won`t accost the constitution or its amendments directly...they`ll attack it from the side..like they`re attacking our ability to drive and use energy....the way theey`re hamstringing our ability to use our own resources to compete with the china`s russia`s and india`s....
probably something like making folks insure their weapons with some ridiculously unaffordable liability insurance policy....
if you can find an insurer...
hope you`re looking forward to your 13 dollar windfall that the gov`t will be sending you...... . i know that guys like yourself are convinced that there is more money coming their way.... they can't tell when or why, but they`re convinced that obama`s whole campaign was based around putting something back in their pockets....giving them a free ride...
lol....wrong...
g.l. with the medical issue...i do mean that sincerely......hey,if we`d had socialized healthcare,you probably wouldn`t have had to go to the hospital(at least until the gov`t could afford to send you)...
"every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."
ayn rand
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Does that include the massive bailouts of banks and brokerage houses at the end of 2008?
Yes or no would be fine. No need for all the dots as I think it's a pretty simple question.
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DTB pussy's out again.
just find any excuse not to respond. kc responded to you just as he got out. The least you could do is try to answer.
Geeez Louise.
Is the politics forum for sissys ?
