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economist blames wall street for collapse
On 09/05/2010 10:34 AM, bpuharic wrote:
notice he thinks 100,000,000 americans should spend all their time sitting on their asses watching their stocks instead of raisin their kids, building their communities, etc... Funny, my kid is out on her own, owns a million dollar home and has her own business. Made us grandparents too. I remember when she was in school. She would get 90s across the board. Here friend was failing, 50's at best. She always was on my case about being so liberatarian-conservative and had no heart. So I sat down and explained socialism. You should give your friend 20% of your marks so you both have 70%. She honked and said no way I work hard while she slacks off. But I said you have to as it is the liberla/socialist way, but it gets worse. Because she has 70% she tries less and again sinks to 50%, then you need to give here another 10% to pass. She got in a real huff, and left the room. About 5 days later at the dinner table she blurted, I am not a NDP or Liberal (Canadian version of a leftist democriter). I smiled. After graduation she moved, started her own business and met a nice guy. Bought a house. Even has a second bun in the oven and she is only 32. Hired her friend for awhile too, but said she couldn't trust the liberal-thief. I smiled again. She makes us proud. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 11:14 AM, wrote:
On Sun, 09 May 2010 12:34:03 -0400, wrote: notice he thinks 100,000,000 americans should spend all their time sitting on their asses watching their stocks instead of raisin their kids, building their communities, etc... It should take you about an hour a week to manage investments. If your financial security is not as important as watching Survivor on TV, you are cheating your family. Funny, Survivor. What a bunch of beach bum losers. Can't seem to wait to cut each others throughts like Somalians. Sort of like a program we get here called Til Debt Do Us Part. http://www.slice.ca/shows/showspage.aspx?title_id=93097 The show is a hoot to see the denial, the loser mentality, the short sightedness and whaco debtor mentality. Repo man is good too, losers taking care of losers. Have to love the humor in it. All for the worship of cheap easy debt. People should have to get liceses to get debt, 40 hours of personal debt and finance management before they can borrow. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 12:43 PM, bpuharic wrote:
On Sun, 09 May 2010 13:16:23 -0400, wrote: On Sun, 09 May 2010 12:35:44 -0400, wrote: On Sun, 09 May 2010 11:36:45 -0400, wrote: On Sun, 09 May 2010 10:18:09 -0400, wrote: the difference is that wall street is run by rich white guys. obama's black. That same computer executed my stop loss orders. I didn't have to do a thing. I got a message that I traded, that was it. i guess you didn't hear that the computer programs on wall street destroyed a trillion. in 1 day. Obama is a rich black guy, what;s your point? irrelevant. that's another reason you hate him. an uppity black guy...can't stand it, huh? But... you said all rich people are bad.... LMAO, you are so screwed up. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On Sun, 09 May 2010 14:27:10 -0600, Canuck57
wrote: On 09/05/2010 2:16 PM, bpuharic wrote: THE MIDDLE CLASS HAS NOT HAD A REAL INCREASE IN WAGES IN A DECADE... So? What did they do to improve themselves if they are in that situation? Jacking crap? Poodle pumping? i love it. he's so friggin' stupid he doesnt realize the following: 1. productivity in the last 10 years increased by about 30% 2. NONE of this went in the form of increased wages to the middle class 3. the richest 1% had a 300% increase in income in the last 10 years 4. the financial sector, before 2007, accounted for 40% of GDP. they contributed NOTHING to the economy with the CDO's, etc. no jobs. no manufacturing. nothing. but they paid themselves billions and, of course, this is the fault of 100M hard working americans is any more proof needed that the right HATES teh middle class? |
economist blames wall street for collapse
On Sun, 09 May 2010 14:15:28 -0600, Canuck57
wrote: On 09/05/2010 12:40 PM, bpuharic wrote: On Sun, 9 May 2010 13:46:11 -0400, wrote: Since 1950 the unions have succeded in two areas, corruption and killing jobs. and how did wall street do in the last 3 years? number of jobs created? none. pay increases to the middle class? none unemployment? 8,000,000 jobs lost thanks wall street! About 90,000,000 jobs. And think, the taxpayer didn't pay for any of them. and unemployment would have been worse except for the bailout and the TARP that you hate. More like 20,000,000 but who is counting. How many jobs did GM bailout create? Zero. They were long gone jobs. how many jobs did wall street create in the last 10 years? zero how much of a wage increase did the middle class get in the last 10 years? zero Unions need a leash. america has no unions and it's wall street that needs a leash. you just refuse to see reality |
economist blames wall street for collapse
On Sun, 09 May 2010 14:38:02 -0600, Canuck57
wrote: Quite true. Not just the Germans either, Japan too. There the unions are expected to and do consider the health of the company and it's products. You also have a far more frugal society in Germany. They actually have private savings, beyond what the pension plans save for them. True again. US is a net debtor society. and it has no unions. the germans, with their strong unions, have a net positive current account balance Totally out of balance. I used to think mortgage deductability was good, but it causes people to be 55 and in debt on their home. If you manage your finances at all, by early 40's you should not be in debt at all. blah blah blah...right wing bull****. |
economist blames wall street for collapse
On Sun, 09 May 2010 14:32:34 -0600, Canuck57
wrote: On 09/05/2010 12:41 PM, bpuharic wrote: On Sun, 09 May 2010 13:50:55 -0400, wrote: On Sun, 9 May 2010 13:34:50 -0400, wrote: 7% of american workers are covered by unions. there are no unions in the US. as the 'economist' magazine pointed out last month, the US has the most anti-union work environment of 30 industrialized countries And that is a good thing. The unions largely just priced themselves out of the market for any job that could be exported. That is why the only unions that survive nationally are government unions. uh no. if that were the case then the germans would be in worse shape than we are. 80% of their economy is export related, and their level of unionization is FAR greater than ours. more right wing bull**** Neither their unions, government nor corporations like GM and Citi are as corrupt. Simple answer. gee. a society with no corruption. who coulda guessed and they have strong unions. |
economist blames wall street for collapse
On Sun, 09 May 2010 14:55:11 -0600, Canuck57
wrote: On 09/05/2010 10:34 AM, bpuharic wrote: notice he thinks 100,000,000 americans should spend all their time sitting on their asses watching their stocks instead of raisin their kids, building their communities, etc... Funny, my kid is out on her own, owns a million dollar home and has her own business. Made us grandparents too. blah blah blah, right wing bull****... So I sat down and explained socialism. good thing the only socialists around are in venezuela, isn't it? |
economist blames wall street for collapse
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economist blames wall street for collapse
On 09/05/2010 10:38 AM, bpuharic wrote:
really? you mean 100M americans DIDNT get screwed by the market in the last 3 years? Oh they did, but they screwed themselves. Money for nothing and chicks for free and the bills didn't get paid. Voted for cheap credit from a demcrater congress and a fast talking bull****er like Obama. Denialism at it's best. Over extended debt monkeys and the corrupt killing the system. I don't see conservative people suffering, hell, we love this turmoil. Sideline the cash until the hard leasons are learned well. Look at it this way. If you have so many leaches on you that you get sick do you: 1) Put more leaches on you. (Obamanomics of debt, more debt) or 2) Tighten up the belt, shake off the leaches and get better. (Conservative) You choose. Obama is trying to solve a massive debt problem with more debt. All the same problems of 2 years ago exist today, but $2.5 trillion more in the hole and counting. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
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economist blames wall street for collapse
wrote in message
... On Sun, 9 May 2010 10:05:08 -0700, "nom=de=plume" wrote: It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. While it wasn't cash, if the stocks are sold (and many are), it would certainly be real! A stock price is only valid for the last person to actually exercise that trade and as sell orders come in prices inevitably drop. Some of my stop loss orders actually traded lower than the price I set because the market would not support that price in the free fall after that bozo screwed up one sell order. Yes, thus the money is certainly real for those exercising trades. It also has the effect of making companies vulnerable to pirates, who would take advantage of low stock prices. Again, very real consequences. |
economist blames wall street for collapse
On 09/05/2010 10:42 AM, bpuharic wrote:
On Sun, 09 May 2010 09:09:09 -0600, wrote: For example, you take a 10 year t-bill at 0.5% and say inlfation runs an average of 10%, then loaning the government cost you 50% in value even though the $$$ amount in 10 years is slightly up. It is also why US/Canadian government can no longer borrow money and create it off their own banks...inflationary ponzi money really? by the way...what's the rate of inflation nowadays? oh. there isn't any. Funny, we watch what we spend like a hawk and my wife has a good memory for her shopping. She estimates 5-7% in the last year at the grocery store. If you use the governments own inflation calculator, you can tell pretty quick the goverment inflation numbers are bull****. Inflation is always more than the government states. About 1.6 times I figure. Keeps the sheep happy to get a 2% raise on a government stated 1.6% when it is really 2.5%. That is, a second crash is inevitable at this point. As Obama and democrats are jack asses if they think they can debt-spend their way out of a debt depression. worked in 39, didn't it? our debt burden was higher then than it is now. but you're right wing...not too bright....you think black guys will destroy the US Work out the government debt in 1939 and the personal rates of income tax. I rest my case as debt was under control, income tax was much lower. But if you are suggesting that after Obama and congress screw it up bad enough, they might start a WWW III to bailout government, they just might. Could even be this is engineered. How better to get quality recruits into the armed forces than a government made depression as they gear up for war. Exactly the same path Adolf Hitler took. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
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economist blames wall street for collapse
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economist blames wall street for collapse
On 09/05/2010 1:55 PM, wrote:
On Sun, 09 May 2010 14:49:26 -0400, wrote: On Sun, 09 May 2010 13:33:13 -0400, wrote: On Sun, 09 May 2010 12:43:06 -0400, wrote: BP usually limits this rant to the CDOs and there is no equity position in them. do you know what the value of CDO's was in 2006? care to look it up? The value was zero, the price may have been high but we now know they were worthless ... until the government threw tax dollars at them to give them value. ROFLMAO!! of COURSE THEY ARE WORTHLESS YOU MORON!! that's why we're in a DEPRESSION in 1996 CDO's were worth 1 trillion dollars 10 years later they were worth SIXTY TWO TRILLION DOLLARS. You seem to be confusing "value" and "price". There were people who paid a thousand dollars for a cabbage patch doll but that did not mean they were worth $1000. A year later they were 99 cents at the Goodwill. $1000 probably went on the credit card with monthly payments too. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
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economist blames wall street for collapse
On 5/9/10 5:56 PM, Canuck57 wrote:
On 09/05/2010 11:40 AM, wrote: On Sun, 9 May 2010 10:05:08 -0700, wrote: It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. While it wasn't cash, if the stocks are sold (and many are), it would certainly be real! A stock price is only valid for the last person to actually exercise that trade and as sell orders come in prices inevitably drop. Some of my stop loss orders actually traded lower than the price I set because the market would not support that price in the free fall after that bozo screwed up one sell order. If my broker screwed up one of my trades, I would ask his manager if they liked my business, they would fix it. And if they didn't, I would put the facts on the internet. I don't tollerate screw ups on my banking/trading. snerk How much does that little glass piggy bank of yours hold? -- The Tea Party's teabaggers are just the Republican base by another name. |
economist blames wall street for collapse
"Canuck57" wrote in message
... On 09/05/2010 11:40 AM, wrote: On Sun, 9 May 2010 10:05:08 -0700, wrote: It was a trillion that never really existed in the first place. It was just phony paper "money" they created out of thin air. While it wasn't cash, if the stocks are sold (and many are), it would certainly be real! A stock price is only valid for the last person to actually exercise that trade and as sell orders come in prices inevitably drop. Some of my stop loss orders actually traded lower than the price I set because the market would not support that price in the free fall after that bozo screwed up one sell order. If my broker screwed up one of my trades, I would ask his manager if they liked my business, they would fix it. And if they didn't, I would put the facts on the internet. I don't tollerate screw ups on my banking/trading. -- There is a sucker born every minute, liberals and our politicians are counting on it. Come on. You don't have a "broker" since you're clearly poor as dirt. |
economist blames wall street for collapse
On 09/05/2010 2:21 PM, bpuharic wrote:
On Sun, 09 May 2010 14:11:04 -0600, wrote: On 09/05/2010 10:30 AM, bpuharic wrote: On Sun, 09 May 2010 11:40:05 -0400, wrote: On Sun, 09 May 2010 10:19:26 -0400, wrote: Tell me where the unions invest their pension funds? Mattresses? Tin cans buried in the back yard? Stuffed in boxes in basements? there are no unions in the US. Certainly there are, they cover teachers, 7% of american workers are covered by unions. there are no unions in the US. as the 'economist' magazine pointed out last month, the US has the most anti-union work environment of 30 industrialized countries Do you read your posts for fundimental rationality? You say 7% of Amercians are union yet you say no unions exist in the same sentance. Have another drink **** for brains. hey genius....7% means zip. tell me which political party had 7% of the vote last year. 7% means no power at all. none. In my neck of the woods that would be the Tax Me Silly "Green Party". They can only find 7% of the dumb****s, even too stupid for liberals to support. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 2:59 PM, D.Duck wrote:
"bpuharic" wrote in message ... On Sun, 09 May 2010 15:33:00 -0400, wrote: On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote: a LOGICAL person would assume that some common cause was responsible. after all, if 100M people were affected by a tsunami, would you blame the dead? if you're right wing, you would If the 100m people went to the beach that day to see the tsunami I would blame them. gee. 100M people at the beach well, i suppose if you're right wing, you HAVE to invent SOME idiotic excuse.... If these people did not have any personal savings and they spent significantly more than they made, I blame them too. and if the middle class hasnt had a real wage increase in 10 years, you have to invent SOME idiotic reason it's their fault... BTW where do you get that 100m number you keep throwing around as fact? If I believe the definition of middle class that was established here ($100k to $200k) the total number of households is more like 13 million. there are about 110M wage earners in this country. the middle class generally is the middle 20-80% http://en.wikipedia.org/wiki/File:Income-curve-$10k.png Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The number is shrinking. Yep. And the only reason why inflation isn't nuts right now is price pressures of people not haveing the debt/credit/money they used to. So companies have to cut costs or face buyers resistance. But at some point that will no longer work and either shortages occur or prices rise. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On 09/05/2010 3:09 PM, bpuharic wrote:
On Sun, 09 May 2010 14:55:11 -0600, wrote: On 09/05/2010 10:34 AM, bpuharic wrote: notice he thinks 100,000,000 americans should spend all their time sitting on their asses watching their stocks instead of raisin their kids, building their communities, etc... Funny, my kid is out on her own, owns a million dollar home and has her own business. Made us grandparents too. blah blah blah, right wing bull****... So I sat down and explained socialism. good thing the only socialists around are in venezuela, isn't it? Socialists are like mosquitoes. Trick is to swat them before they get your blood. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
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economist blames wall street for collapse
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economist blames wall street for collapse
On 09/05/2010 10:35 AM, bpuharic wrote:
On Sun, 09 May 2010 11:36:45 -0400, wrote: On Sun, 09 May 2010 10:18:09 -0400, wrote: On Sun, 9 May 2010 09:21:20 -0400, wrote: when you sell stocks you either gain or losr stay even guess what happened to the folks who sold at the end of the day yesterday? My stop loss orders triggered so I am looking for a good bottom to get back in. I already have some prices picked but I haven't placed the orders. I am watching this Euro thing to see what will happen before I get back in. guess the right doesn't know that ALOT of trading is computer controlled...which is why a trillion evaporated in one day Funny, they know better than popper bpuharic. I use if every trading day, even had limit and stop losses kick in last Thursday but admit I wish I had more orders in. they keep denying it happened. just like they bitch about obama spending a trillion over the course of a year. the difference is that wall street is run by rich white guys. obama's black. He is 1/2 black with a big mouth. So what is your point? You are brnging race into it again? Guess that means you have nothing more intelligent to add. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On Sun, 9 May 2010 16:59:35 -0400, "D.Duck" wrote:
"bpuharic" wrote in message .. . On Sun, 09 May 2010 15:33:00 -0400, wrote: On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote: and if the middle class hasnt had a real wage increase in 10 years, you have to invent SOME idiotic reason it's their fault... BTW where do you get that 100m number you keep throwing around as fact? If I believe the definition of middle class that was established here ($100k to $200k) the total number of households is more like 13 million. there are about 110M wage earners in this country. the middle class generally is the middle 20-80% http://en.wikipedia.org/wiki/File:Income-curve-$10k.png Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The number is shrinking. oh. so only 66M americans are idiots and should live ijn poverty? i stand corrected |
economist blames wall street for collapse
On Sun, 09 May 2010 17:23:14 -0400, wrote:
On Sun, 09 May 2010 16:26:14 -0400, bpuharic wrote: On Sun, 09 May 2010 15:38:18 -0400, wrote: On Sun, 09 May 2010 14:43:23 -0400, bpuharic wrote: That same computer executed my stop loss orders. I didn't have to do a thing. I got a message that I traded, that was it. i guess you didn't hear that the computer programs on wall street destroyed a trillion. in 1 day. It was far more than a simple computer glitch. Greece and the possible crash of the Euro was a lot more troubling than one trader typing billion when he meant million. Most of that was recovered by the end of trading. uh, no. the market had dropped a few hundred points over the previous week as the scope of the greek problem became news. a drop of 1 trillion in 1 day had zip to do with greece. What the hell are you talking about? you havent been following the market for the last week or 2 have you? it's been dropping as the greek situation became news...it's BEEN news for several weeks sorry that rush just told you about it yesterday and saying absolutely NOTHING about bush...nothing. not a peep. now, why is that? I say plenty about bush and the stupid war. That was his fault. The CDO problem was caused by legislation that happened before he took office. You seem to ignore that. uh...no. in fact i quite squarely blame it on the right winger phil gramm and his enron VP wife who engineered a bill to exclude the SEC from regulating derivatives cite it. You are just trying to deflect the conversation away from your failures to plan. yeah. me and 100M other working poeple OK that sounds right. Just because 100,000,000 people fell for the idea that they could borrow their way to prosperity does not surprise me. ROFLMAO!! and how, pray tell, with wall street consuming 40% of GDP, and with the middle class having NO pay increase in 10 years, were they...we...supposed to make ends meet?? you right wingers...you starve the middle class THEN complain when it starves!! Anyone carrying any debt past 45-50 is not thinking seriously about retiring, at least not in any rational sense. I managed to own 2 properties, my car blah blah blah...more right wing bull**** |
economist blames wall street for collapse
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economist blames wall street for collapse
On Sun, 09 May 2010 15:12:48 -0600, Canuck57
wrote: On 09/05/2010 1:38 PM, wrote: It was far more than a simple computer glitch. Greece and the possible crash of the Euro was a lot more troubling than one trader typing billion when he meant million. Most of that was recovered by the end of trading. You have that right. It sure as hell was no glitch. Only in liberal-debt monger liberal minds was it a glitch. They can dream on. A trillion dollar move occured. gee.and what caused it? oh. you don't know. if you think it WASNT a glitch, by all means...tell the world what happened. because no one knows The market ran out of buyers and had too many sellers. gee. that's happened before. number of times it produced a TRILLION DOLLAR swing in 1 day? almost never That simple. No one trusts our own governmetns debt-corruption currency and banking mismanagement. And that includes the USA. oh sure. the US is the only country in financial trouble do you get sunburned on the planet you're from? Between Greece and pathetic US numbers for unemployment and debt spending, the market paniced. Big deal. Buying opporunities. ;) uh no. the greek situation has been news for weeks. a 1 day shift of a trillion buck had zip to do with greece Sooner or later this ponzi debt bubble is going to burst and this may be nothing. This might have been the warning shot to out of control government spending and ponzi federal banking. gee. after ww2 we had a bigger debt burden than we have today. guess you're right: the US doesn't exist. |
economist blames wall street for collapse
On 09/05/2010 3:25 PM, wrote:
On Sun, 09 May 2010 16:27:42 -0400, wrote: On Sun, 09 May 2010 15:45:39 -0400, wrote: On Sun, 09 May 2010 14:45:59 -0400, wrote: really? ever sell any stock? hmm...it seems you dont know WHY companies are even ON wall street. they are there for capitalization....looking for money to invest in their companies. if wall street drops by a trillion, their equty...their ability to raise money...drops by a trillion Perhaps you are the one who doesn't understand how stocks work. When a company offers shares they get all the money they are going to get right then. After that the stocks are just baseball cards that trade without the company seeing another dime. They can sell more stock but, again, it is a one time shot. stock is fungible. companies can, and do buy and sell their own stock. and their ability to raise MORE equity is affected when the stock price drops Certainly a good stock price garners a better market for selling other instruments but it does not directly affect the corporate revenue. Some companies do this all the time, I usually try to get out quick if they dilute the shares. 2 of 3 times they take a hit in less than 6 months after the offering. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On Sun, 09 May 2010 15:01:15 -0600, Canuck57
wrote: On 09/05/2010 12:43 PM, bpuharic wrote: On Sun, 09 May 2010 13:16:23 -0400, wrote: Obama is a rich black guy, what;s your point? irrelevant. that's another reason you hate him. an uppity black guy...can't stand it, huh? But... you said all rich people are bad let me type this slowly...so you can have someone read it to you the rich white boys on wall street and their paid assassin bush screwed teh middle class... LMAO, you are so screwed up. why? is my name rush limbaugh? |
economist blames wall street for collapse
On Sun, 09 May 2010 15:19:08 -0600, Canuck57
wrote: On 09/05/2010 10:38 AM, bpuharic wrote: really? you mean 100M americans DIDNT get screwed by the market in the last 3 years? Oh they did, but they screwed themselves.\\ here we go. blame the middle class. it has NOTHING to do with wall street. NOTHING to do with CDO's....nothing to do with billion dollar paydays on wall street...NOTHING to do with the fact the financial secdtor accounted for 40% of GDP before the crash... it was joe six packs who caused the crash what bull**** Money for nothing and chicks for free and the bills didn't get paid. money for nothing? uh, where? where wsa 'money for nothing' EXCEPT ON WALLSTREET?? what did wall street do with SIXTY TWO TRILLION DOLLARS IN DERIVATIVES?? and how did the middle class wreck the economy? all you have is bull**** and cliches. Voted for cheap credit from a demcrater congress and a fast talking bull****er like Obama. Denialism at it's best. Over extended debt monkeys and the corrupt killing the system. bull****..cliches..racist hatred of a darkie president... I don't see conservative people suffering, hell, we love this turmoil. Sideline the cash until the hard leasons are learned well. most of middle america IS conservative. and only the right wing would deny they are suffering. You choose. Obama is trying to solve a massive debt problem with more debt. All the same problems of 2 years ago exist today, but $2.5 trillion more in the hole and counting. if debt is bad then how did the US survive ww2 with a BIGGER DEBT than we have today you are a world class leader in right wing bull**** |
economist blames wall street for collapse
On 09/05/2010 12:46 PM, bpuharic wrote:
On Sun, 09 May 2010 13:28:59 -0400, wrote: On Sun, 09 May 2010 12:42:16 -0400, wrote: by the way...what's the rate of inflation nowadays? oh. there isn't any. Bought any oil based products lately? (everything is oil based) There is certainly inflation going on. The fed is just ignoring it and borrowing to hide it by printing money. really? got any proof? or is the only proof you need listening to limballs? Not that you want to see, but with unemployment going 9.7 to 9.9 and GDP is reputed to be growing, it has historically been a 100% hit rate on pending inflation. Read some good books. Not the kenesian BS, some good books with lots of straight up historical real events and discussions. Like the one that says a recession/depression is coming when real interest rates on savings goes below real unadjusted inflation. And discussions on why bonds go down near the end. Right now, if you are into loaning money in CDs, t-bills, or whatever, good time to get the frack out. Interest rates have only one way to go and it isn't down. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On Sun, 09 May 2010 17:26:53 -0400, wrote:
On Sun, 09 May 2010 16:30:03 -0400, bpuharic wrote: The BLS agrees with me but you know how those government people lie. really? again, i ask where's your proof? http://www.bls.gov/news.release/cpi.nr0.htm EXACTLY!! finally you get it you IDIOT!! inflation is running at about 2.5%. and it's been that way for YEARS. I am not stupid enough to think 2.5% is zero. you're stupid enough to think it's 2500% |
economist blames wall street for collapse
On Sun, 09 May 2010 15:43:25 -0600, Canuck57
wrote: On 09/05/2010 11:28 AM, wrote: On Sun, 09 May 2010 12:42:16 -0400, wrote: by the way...what's the rate of inflation nowadays? oh. there isn't any. Bought any oil based products lately? (everything is oil based) There is certainly inflation going on. The fed is just ignoring it and borrowing to hide it by printing money. True. Canadians and US governments are hopelessly broke. so are france germany mexico britain italy belgium holland iceland etc etc Hell, Greece could do that too if it were not for EU Euro being common. Any country producing money like this screws the others. The only reason the US gets away with it is that like GM they are percieved as too big to fail. But as that perception is realised as myth, the US is on a downhill ride. thanks to wall street funny how wall street invents all kinds of bull**** like CDO's...but the right blames it on the middle class... Fortunately shares are like currency. 10000 shares of xyz corp is 10000 shares of xyz corp even if the currency devalues to pesos. One does want to pick the right time to get in and out of these roller coaster dives. until you do a reverse 4:1 split like ATT did to save its ass on wall street |
economist blames wall street for collapse
On 09/05/2010 1:50 PM, wrote:
On Sun, 09 May 2010 14:46:35 -0400, wrote: On Sun, 09 May 2010 13:28:59 -0400, wrote: On Sun, 09 May 2010 12:42:16 -0400, wrote: by the way...what's the rate of inflation nowadays? oh. there isn't any. Bought any oil based products lately? (everything is oil based) There is certainly inflation going on. The fed is just ignoring it and borrowing to hide it by printing money. really? got any proof? or is the only proof you need listening to limballs? The proof I have is I go to the gas station, the grocery store and I pay a cable bill (until I fired them). What is not going up? The BLS agrees with me but you know how those government people lie. http://www.bls.gov/news.release/cpi.nr0.htm They even provide a time killing calculator using governemtn CPI numbers. http://data.bls.gov/cgi-bin/cpicalc.pl Plug in 1960's or 1970's prices you or you parents paid for things. Maybe even grab a 1960's income tax and run taxes and utility costs. A real eye opener. My home has outpaced inflation 3:1 since it was built. And that was a today firesale price, could be 4:1. In 1980 you could have bought a leather loaded LTD V8 auto for less than $9,000, today the inflation calculator says $23,770.38. (Remember I live in Canada). I really got a kick out of a 1976 utility bill with $1.05 in taxes for water and sewer, today it is closer to $40++ where I live. Should be $4.02 by the calculator. -- There is a sucker born every minute, liberals and our politicians are counting on it. |
economist blames wall street for collapse
On Sun, 09 May 2010 15:53:53 -0600, Canuck57
wrote: On 09/05/2010 1:55 PM, wrote: On Sun, 09 May 2010 14:49:26 -0400, wrote: On Sun, 09 May 2010 13:33:13 -0400, wrote: On Sun, 09 May 2010 1 ROFLMAO!! of COURSE THEY ARE WORTHLESS YOU MORON!! that's why we're in a DEPRESSION in 1996 CDO's were worth 1 trillion dollars 10 years later they were worth SIXTY TWO TRILLION DOLLARS. You seem to be confusing "value" and "price". There were people who paid a thousand dollars for a cabbage patch doll but that did not mean they were worth $1000. A year later they were 99 cents at the Goodwill. $1000 probably went on the credit card with monthly payments too. one can only imagine what leads right wingers to compare cabbage patch dolls to collateralized debt obligations worth 62 trillion dollars but, i guess if you're right wing, dreaming about hating the middle class makes it all logical |
economist blames wall street for collapse
On Sun, 9 May 2010 15:27:41 -0700, "nom=de=plume"
wrote: "Canuck57" wrote in message ... On 09/05/2010 11:40 AM, wrote: On Sun, 9 May 2010 10:05:08 -0700, wrote: -- There is a sucker born every minute, liberals and our politicians are counting on it. Come on. You don't have a "broker" since you're clearly poor as dirt. actually he DOES have a broker.... a pawn broker... |
economist blames wall street for collapse
"bpuharic" wrote in message ... On Sun, 9 May 2010 16:59:35 -0400, "D.Duck" wrote: "bpuharic" wrote in message . .. On Sun, 09 May 2010 15:33:00 -0400, wrote: On Sun, 09 May 2010 14:42:19 -0400, bpuharic wrote: and if the middle class hasnt had a real wage increase in 10 years, you have to invent SOME idiotic reason it's their fault... BTW where do you get that 100m number you keep throwing around as fact? If I believe the definition of middle class that was established here ($100k to $200k) the total number of households is more like 13 million. there are about 110M wage earners in this country. the middle class generally is the middle 20-80% http://en.wikipedia.org/wiki/File:Income-curve-$10k.png Let's see, 20~80% is about 60%. 60% of 110M wage earners is 66M. The number is shrinking. oh. so only 66M americans are idiots and should live ijn poverty? i stand corrected You're the stickler for "facts". |
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