STOCK MARKET WATCH, Tuesday November 3

[ozymandius]

Source: du

STOCK MARKET WATCH, Tuesday November 3, 2009

Bush Administration Officials Convicted = 1
Name(s): David Safavian

Bush Administration Officials Charged = 1
Name(s): Richard Lopez Razo

Financial Sector Officials Convicted = 6

AT THE CLOSING BELL ON November 2, 2009

Dow... 9,789.44 +76.71 (+0.79%)
Nasdaq... 2,049.20 +4.09 (+0.20%)
S&P 500... 1,042.88 +6.69 (+0.65%)
Gold future... 1,054 +13.60 (+1.31%)
10-Yr Bond... 3.41 +0.03 (+0.86%)
30-Year Bond 4.26 +0.03 (+0.80%)

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U.S. FUTURES & MARKETS INDICATORS
NASDAQ FUTURES..............................................S&P FUTURES

Market Conditions During Trading Hours

GOLD, EURO, YEN, Loonie, Silver and US$

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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

Read more: du

[ozymandius]

1. Market Observation

Disinformation or Ignorance?
Take Your Pick
BY ROB KIRBY

Over the past few weeks, anecdotal accounts of shortages of physical gold bullion have been surfacing around the world. Empirical observations supporting this development include (below excerpted from Eric DeCarbonnel – Market Skeptics):

• Mints are seeing a sharp rise in sales this year due to interest so strong that dealers are reporting a shortage of products such as Krugerrands and one-ounce bullion coins.

• China is now pushing their citizens to buy gold.
• Anecdotal accounts from “boots-on-the-ground” gold and silver brokers are reporting heavy ‘net with drawl of physical metal’ at COMEX depositories, raising doubts as to whether there is gold in inventory to match existing warehouse receipts.

.....

In recent weeks and months the buyers of gold futures and paper promises have increasingly become “monetary interests,” i.e., foreign Central Banks – who have clearly recognized the fiat profligacy of Anglo-American Central Banking and their rampant gold price rigging. The reason for the physical shortages of gold bullion ARE SPECIFICALLY because these entities possess more than adequate means to produce the fiat money required to purchase ALL the “relative pittance” of physical gold bullion backing the ridiculous amount of paper promises of gold that have been sold into the market place.

http://www.financialsense.com/Market/wrapup.htm

[ozymandius]

2. Today's Reports

10:00 Factory Orders Sep
Briefing.com 1.2%
Consensus 0.8%
Prior -0.8%

14:00 Auto Sales Oct
Briefing.com NA
Consensus NA
Prior NA

14:00 Truck Sales Oct
Briefing.com NA
Consensus NA
Prior NA

http://www.briefing.com/Investor/Public/Calendars/EconomicCalendar.htm

[ozymandius]

3. Oil hovers near $78 amid positive US economic data

SINGAPORE – Oil prices hovered near $78 a barrel Tuesday in Asia as investors welcomed new U.S. manufacturing and construction figures as positive signs of an economic recovery.
.....

The Institute for Supply Management said Monday that U.S. manufacturing activity grew in October at the fastest pace in more than three years, while the Commerce Department reported that September construction spending posted a better-than-expected performance.

And the National Association of Realtors said the volume of signed contracts to buy previously occupied homes rose for the eighth straight month in September.
.....

In other Nymex trading, heating oil fell 0.40 cent to $2.04 a gallon. Gasoline for December delivery dropped 0.88 cent to $1.98 a gallon. Natural gas for December delivery jumped 1.5 cents to $4.84 per 1,000 cubic feet.

http://news.yahoo.com/s/ap/oil_prices

[TheWatcher]

8. What Do High Oil Prices have to do with an Economic Recovery?

That is one of the Propaganda Talking Points that seems to keep coming up in all mainstream Sheep News Sites and Television Media.

It's always something like "Oil Rises on Economic Recovery Hopes".

It's almost like we are being conditioned.

Nah, they wouldn't do THAT.

Would they?

[ozymandius]

11. The word 'speculation' is only used way after the fact.

Simple, yet self-deprecating honesty is avoided when wild speculation is afoot. Really now: when did we ever read a story about Goldman Sachs realizing a profit on crude oil speculation?

[TheWatcher]

12. You are very correct sir.

:hi:

Sometimes I think we should just rename the Country The United States Of Goldman Sachs.

At least it would be more honest.

[Dr.Phool]

23. We're going to the dogs.

[AnneD]

34. Ain't it

a bitch! :evilgrin:

But every dog has his day, eventually.

[Champion Jack]

36. You're barking up the wrong tree

[InkAddict]

38. Time to get Feisty? n/t

http://www.cswnet.com/~brenfroe/skinsq.html

[Demeter]

39. I've Had It With These Running Dogs

Jokes

I'm working the polls today--this is my lunch break. Have a safe day and don't let them get you down!

[Dr.Phool]

42. When you lie down with fleas

You get dogs!:silly: :crazy: :silly:

[ozymandius]

4. Fed to mull recovery, financial stability at policy meeting

WASHINGTON (Reuters) – Federal Reserve officials meeting this week must weigh improving economic data against the risk, reinforced by a persistently weak job market, that a burgeoning recovery remains on shaky ground.

A 3.5 percent annualized jump in third quarter gross domestic product revived debate between analysts who believe a sustainable turnaround is under way, and those who think growth will falter once a heavy dose of stimulus fades.
.....

The third quarter GDP report on Friday signaled the end of the worst U.S. recession since the Great Depression, but government stimulus, including the "cash for clunkers" incentive for auto purchases and a $8,000 tax credit for first time homebuyers, helped prop the economy up.

The Institute for Supply Management's manufacturing index, a widely watched barometer of industrial strength, suggested activity remained robust in October. The measure jumped to 55.7 last month, its highest level since April 2006. It has held above the 50 line that separates expansion from contraction for three straight months.

http://news.yahoo.com/s/nm/20091103/bs_nm/us_usa_fed

[ozymandius]

5. FDIC's Bair pushes for regulatory changes

MANHATTAN, Kan. – The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession and to unwind major firms on the verge of collapse.

FDIC Chairman Sheila Bair said she supports such a winding-down process for financial institutions other than banks. But she does have reservations with a proposal now before the House, which would cover the costs for the government of dissolving troubled companies with fees charged to businesses after the firms' meltdown occurred.

Bair says that fund should be created before a financial institution is engulfed in a crisis.
.....

The process would be overseen by a systemic risk council, which would have the authority to force large companies in danger of becoming unstable to sell off assets or stop business practices the council members considered risky.

Bair said that council could step in to fill gaps in the current regulatory framework and should be independent of any government agency. The current proposal favors oversight by the Federal Reserve.

http://news.yahoo.com/s/ap/20091102/ap_on_bi_ge/us_fdic_bair

[ozymandius]

6. Retailers ‘Dodge Bullet’ With CIT’s November Bankruptcy Filing

Nov. 3 (Bloomberg) -- The timing of CIT Group Inc.’s bankruptcy filing may have helped U.S. retailers avoid a holiday season with empty shelves.

“Most retailers have dodged a bullet,” said Craig Shearman, a spokesman for the National Retail Federation. “Most of the merchandise for the holiday season is at least in retailers’ distribution centers, if not already on the store shelves, and we’re not expecting to see any significant disruption for the remainder of the season.”
.....

CIT provides short-term financing, also known as factoring, to customers that manufacture and supply merchandise to U.S. retailers. The New York-based company accounts for about 70 percent of all factoring, worth about $40 billion a year, according to Ray Ecke, president of Credit Management Resource in Oakland, New Jersey.
.....

CIT will continue to provide funding to its small business and middle-market customers, Chief Executive Officer Jeffrey Peek said Nov. 1 in a statement. CIT has $1 billion from investor Carl Icahn to fund operations while it reorganizes. None of CIT’s operating subsidiaries were included in the bankruptcy filing.

http://www.bloomberg.com/apps/news?pid=20601109&sid=ajEOU3SD_DKA

[Demeter]

40. So that's why the crisis dragged on for 6 months

So the kiddies could have a Christmas! How touching.

[Amonester]

61. And what is more mind-boggling about it, is the fact that kiddies...

will have to pay it all back, plus interests, with their (future) taxes (if they ever manage to find one or two jobs in their lifetime)

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x71841

Crazy, isn't it.

[ozymandius]

7. UPDATE: BMW 3Q Net Falls 74% On Waning Demand For Luxury Cars

BERLIN (Dow Jones)--BMW AG (BMW.XE) reported Tuesday that third-quarter net profit slumped 74% year-on-year, reflecting a steep fall in demand for luxury cars amid the recession, but confirmed that it expects to remain profitable in 2009 and anticipates a steady market improvement next year.
.....

BMW shares have gained around 20% in value over the past six months, outperforming a 4% rise of the Dow Jones Stoxx Europe 600 automotive and parts sector index, as investors expect premium automakers to be hurt less by an anticipated slump in demand after state-backed scrapping incentives in many markets expire. These scrapping incentives mainly revived demand for smaller cars rather than big luxury sedans.

Net profit in the third quarter fell to EUR76 million from EUR296 million in the same period a year ago, below analysts' estimates of EUR81 million.

Revenue skidded 6.6% to EUR11.8 billion from EUR12.6 billion in the third quarter of 2008. The company's closely watched earnings before interest and tax, or EBIT, contracted 86% on the year to EUR55 million from EUR387 million last year, missing analysts estimates of EUR177 million.

http://online.wsj.com/article/BT-CO-20091103-703642.html

[TheWatcher]

9. One of the keys to understanding what is going on right now lies in two Charts

http://quotes.ino.com/chart/?s=CBOT_YM.Z09.E

http://quotes.ino.com/chart/?s=NYBOT_DX&v=s

Take a look at the past two days, especially this morning.

The Stock Futures Collapsed at 1 AM (-82 Currently)

Take a look at what happened to the Dollar at 1 AM.

It's pretty easy to figure out at this point. This isn't Rocket Science.

This is a Shell game.

And We are The Marks.

[ozymandius]

10. 2 British banks in major shake-up

LONDON (Reuters) -- Lloyds Banking Group launched a record $22 billion rights issue and along with rival Royal Bank of Scotland agreed to sell off some businesses to limit their reliance on government support.

The British Treasury said Lloyds (LYG) and rival Royal Bank of Scotland (RBS) would between them have to sell off businesses equating to 10% of the UK retail banking market.
.....

Lloyds and RBS have between them received billions of pounds in state aid after coming close to collapse at the height of last year's banking crisis. The government holds majority stakes in both banks.

Lloyds said it would raise $34.3 billion via a £13.5 billion rights issue and by swapping £7.5 billion in existing debt into contingent capital.

The move will allow it to stay out of the government's Asset Protection Scheme (APS), designed to insure its riskier loans, thereby skirting the fees associated with scheme, putting a cap on the government's 43% stake and avoiding any further forced disposals under state aid rules.

http://money.cnn.com/2009/11/03/news/international/britain_banks.reut/index.htm?postversion=2009110304

[ozymandius]

13. Official: Obama Considering Next Stimulus Package

From Bloomberg: Obama’s Advisers Are Considering Second Stimulus, Locke Says

President Barack Obama’s advisers are “seriously” considering proposing a second stimulus measure to boost the economy, Commerce Secretary Gary Locke said in an interview.

Locke said another stimulus would be “very targeted and specific and we need to be mindful of the deficit as well.”

Atrios notes: "Had a pet theory that they'd wait until unemployment rounded that magic 10% mark."

We could see 10% on Friday. The unemployment rate was 9.83% in September (before rounding); an increase of 0.17% from August.

http://www.calculatedriskblog.com/2009/11/official-obama-considering-next.html

[Tansy_Gold]

17. As I asked yesterday when someone posted Krugman's call for this

Where is the money going to come from?

And why doesn't the very necessity for another stimulus package provide more than ample evidence to the administration -- which is rapidly becoming Tim Geithner and Joe Lieberman, since Obama is looking more and more powerless -- that these stimulus packages do absolutely NOTHING to repair the underlying and catastrophic weakness in the system?


By the way, for those who didn't see it, I did post the Econ 101 (Tansy Gold version) over in GD yesterday to very favorable results. Not everyone agreed with me, but I didn't get flamed. Do I still get puppy kisses?




TG

[Hugin]

19. I read it, Tansy_Gold.

Thank you very much.

As, I'm currently experiencing some rather extreme personal issues atpt, I'm unable to make any extensive commentary, but, I largely agree with your sentiments. :)

[Tansy_Gold]

27. .

:hug:

[ozymandius]

20. That was very daring of you to post in GD.

I did not see the thread. However, if it was the same screed that you posted here yesterday - then I expect that some GD denizens sported raised hackles. What normally happens is that SMW regulars are set upon by wild dogs when posting elsewhere. I don't now why. Could be a disconnect between those who follow economics issues, like we do, and those who do not? Maybe unfavorable views about an administration with which most people at DU agree causes some discomforting cognitive dissonance. Whatever the case: good on ya. That was a very brave act.

[Dr.Phool]

24. Yep

[Hugin]

26. I do have a movie suggestion for you, tho.

If you haven't seen it already.

"The Gods Must Be Crazy" (1980)

Particularly, the intro sequence... It's a charming movie and it tells very much the same story you do.

"Xi and his band of San/Bushmen relatives are living well off the land in the Kalahari Desert. They are happy because the gods have provided plenty of everything, and no one in the tribe has unfulfilled wants. One day, a glass Coke bottle is thrown out of an aeroplane and falls to earth unbroken. Initially, this strange artifact seems to be another boon from the gods—-Xi's people find many uses for it. But unlike anything that they have had before, there is only one bottle to go around. This exposes the tribe to a hitherto unknown phenomenon, property, and they soon find themselves experiencing things they never had before: jealousy, envy, anger, hatred, even violence.

Since it has caused the band unhappiness on two occasions, Xi decides that the bottle is an evil thing and must be thrown off of the edge of the world. He sets out alone on his quest and encounters Western civilization for the first time. The film presents an interesting interpretation of civilization as viewed through Xi's perceptions."


and... The movie is hilarious in it's depiction of "Modern Civilization". :)

[Tansy_Gold]

29. I've caught bits and pieces but never the whole thing

Like you, however, I'm dealing with personal issues and my spare time for reading and/or movie-ing is almost nil. A friend wants to lend me Animal House (which I've never seen) and The Blues Brothers, which I've only seen once about 826 years ago. He keeps quoting the latter and then bursting into hysterical laughter. Maybe he's one of the gods.


peace and good vibes to you,



TG

[Hugin]

31. If I ever get my hands on that darn "Coke Bottle"...

I plan on doing exactly the same thing with it.

Then maybe we can get back to living. :)

Thanks and many returns. :hug:

[bread_and_roses]

33. Second that rec, and a book to add

I have a primitive, childish dislike of "old" movies - and in movies (or "films" as my more advanced friends say) "old" for me can be a few years, lol. But I LOVE that one. Says a lot more about the human condition than most tomes. But since we're talking about "real" as opposed to fake/mirage wealth, I can't recommend too highly a book by Ursula K. Lequin, "The Dispossessed." Sets up a comparison - warts and all in both - between a sort of communal form of Anarchism and a social structure very similar to ours.

[Po_d Mainiac]

28. U can get doggy kisses from my mutt..

Just keep in mind that canines use their tongues for TP
:donut:

[Tansy_Gold]

30. Yeah, yeah, I know. ;-)

I've got four of 'em, and when they aren't using their own tongues or letting one of their friends do the honors, there's always the carpet under the dining room table.

Sorry if that grossed someone out.


Tansy Gold, who relies on doggie kisses to put out the flames and boost her immunity, because she doesn't get sick nearly as often as her dogless or doggie-kiss-less friends.

[Warpy]

43. No, you get sandpapery kitty kisses

and they're much better than puppy kisses. You don't have to wipe afterward. I didn't comment on your Econ 101 because you seemed to cover all the bases nicely.

Paying somebody else to pick your berries aint all bad, though. I'm too old and sick to work now and living on interest and dividends from those berry picking corporations and I'm damned grateful to be doing so.

Stimulus bandaids might keep the wounds from gushing us into a depression, but they'll do nothing to fix the underlying economy. Only a return to a progressive taxation system with a realistic wage floor and a commitment to reindustrializing the country while reining in the bankers will do that.

There is an enormous fight going on in Congress right now that has been met with dead silence by the media, banking regulation being countered by even more lobbyists than health insurance reform was. It's impossible to get the kind of teabagger support for bankers as there was against something that potentially benefits the morons, so the media have been silent.

I hold out little hope for anything but anemic regulation and economic bandaids from this particular Congress. We might have an intelligent executive in office, but we're stuck with the same old dolts blocking his way in Congress.

[bread_and_roses]

45. And yeahhhhhh Tansy, you're on the front page! (n/t)

[Tansy_Gold]

48. Whoa!!!! That never happened to me before!

And I have to say, it's been an interesting thread. I think most of the people who have taken issue with me are the ones who are leaping from Econ 101 right to Econ 598, and that's not what it was all about, so I'm mostly just letting them go.

The really weird thing is, however, that I have NEVER had an econ class. Not in high school, not in college. I really was half expecting someone to find major flaws in my thinking, and it's kinda scary to think no one really did.

Anyway, I gotta go find my instructions on how to do a screen capture again so I can save that front page in my personal archives. Wow!


Tansy Gold, who will always remain her sweet humble self except for demanding MORE PUPPY KISSES now that's she's famous.

[Dr.Phool]

51. Ok, but watch the teeth. She gets carried away.

[AnneD]

54. What is it about puppy breath ...

that makes it so addictive. It smell like bologna but it is so so sweet. Can't get enough.

[ozymandius]

14. Stiglitz: U.S. Paying for Not Nationalizing Banks

“We have this very strange situation today in America where we have given banks hundreds of billions of dollars and the president has to beg the banks to lend and they refuse. What we did was the wrong thing. It has weakened the economy and has increased our deficit, making it more difficult for the future.”

-Joseph Stiglitz

Any time Joseph Stiglitz calls out the government on their bad decision making, its worth reading:

“Nobel Prize-winning economist Joseph Stiglitz said the world’s biggest economy is suffering because of the U.S. government’s failure to nationalize banks during the financial crisis.

“If we had done the right thing, we would be able to have more influence over the banks,” Stiglitz told reporters at an economic conference in Shanghai Oct 31. “They would be lending and the economy would be stronger.”
.....

http://www.ritholtz.com/blog/2009/11/stiglitz-u-s-paying-for-not-nationalizing-banks/

---

Banks have taken advantage of Obama's disinterest in economics. Obama has deferred to his point people, Geithner and Summers, who are banking industry sycophants. So it's really no wonder that banks continue to ignore pleas to use public money as it was intended. The President is disinterested. And it is anathema to his fiscal lieutenants to consider bank nationalization. - ozymandius

[ozymandius]

15. Why Keep Geithner? (guest post at The Big Picture)

Dylan Ratigan hosts the show Morning Meeting with Dylan Ratigan, which airs weekday mornings from 9 to 11 A.M. ET. Ratigan was most recently anchor and co-creator of CNBC’s Fast Money, co-anchor of CNBC’s Closing Bell, and has also been a regular contributor to MSNBC’s Morning Joe. Prior to joining CNBC, Ratigan served as a Global Managing Editor at Bloomberg News until March 2003.

---

A year ago it was revealed to the American people that our banking system was a legalized Ponzi scheme in which bank and insurance CEOs paid themselves billions of dollars in personal compensation to lend and insure assets with money they didn’t have to customers who couldn’t pay back the loans.
.....

This is why I think we must ask if U.S. Treasury Secretary Timothy Geithner is still the right person for the job. It has become clear recently that back in his previous role as New York Federal Reserve Governor, he unnecessarily gave billions of dollars of US tax money to banks and insurance companies with few strings attached. And it is now becoming clear that his lack of meaningful action is helping many of these same banks steal more by legalizing their most economically dangerous, socially destructive and self-enriching practices.

Yesterday on NBC’s Meet the Press, Secretary Geithner again endorsed House bank reform legislation that would allow, by my calculations, as much as 80%, or $475 trillion, of the bank’s $600 trillion in crooked insurance schemes to still be held in secret. It was and is the secret risks held in this very market that led to our collapse in the first place and continue to pose massive future risk to the global economy.

Read the rest of this entry...

[Demeter]

41. Because He's a Toxic Asset? And We Don't Want to Mark to Market!

Oooh, that's gonna leave a mark!

[ozymandius]

16. Mother of all Carry Trades Faces an Inevitable Bust - Roubini

Since March there has been a massive rally in all sorts of risky assets – equities, oil, energy and commodity prices – a narrowing of high-yield and high-grade credit spreads, and an even bigger rally in emerging market asset classes (their stocks, bonds and currencies). At the same time, the dollar has weakened sharply, while government bond yields have gently increased but stayed low and stable.
.....

So what is behind this massive rally? Certainly it has been helped by a wave of liquidity from near-zero interest rates and quantitative easing. But a more important factor fuelling this asset bubble is the weakness of the US dollar, driven by the mother of all carry trades. The US dollar has become the major funding currency of carry trades as the Fed has kept interest rates on hold and is expected to do so for a long time. Investors who are shorting the US dollar to buy on a highly leveraged basis higher-yielding assets and other global assets are not just borrowing at zero interest rates in dollar terms; they are borrowing at very negative interest rates – as low as negative 10 or 20 per cent annualised – as the fall in the US dollar leads to massive capital gains on short dollar positions.
.....

So the combined effect of the Fed policy of a zero Fed funds rate, quantitative easing and massive purchase of long-term debt instruments is seemingly making the world safe – for now – for the mother of all carry trades and mother of all highly leveraged global asset bubbles.

While this policy feeds the global asset bubble it is also feeding a new US asset bubble. Easy money, quantitative easing, credit easing and massive inflows of capital into the US via an accumulation of forex reserves by foreign central banks makes US fiscal deficits easier to fund and feeds the US equity and credit bubble. Finally, a weak dollar is good for US equities as it may lead to higher growth and makes the foreign currency profits of US corporations abroad greater in dollar terms.
.....

Why will these carry trades unravel? First, the dollar cannot fall to zero and at some point it will stabilise; when that happens the cost of borrowing in dollars will suddenly become zero, rather than highly negative, and the riskiness of a reversal of dollar movements would induce many to cover their shorts. Second, the Fed cannot suppress volatility forever – its $1,800bn purchase plan will be over by next spring. Third, if US growth surprises on the upside in the third and fourth quarters, markets may start to expect a Fed tightening to come sooner, not later. Fourth, there could be a flight from risk prompted by fear of a double dip recession or geopolitical risks, such as a military confrontation between the US/Israel and Iran. As in 2008, when such a rise in risk aversion was associated with a sharp appreciation of the dollar, as investors sought the safety of US Treasuries, this renewed risk aversion would trigger a dollar rally at a time when huge short dollar positions will have to be closed.

http://www.rgemonitor.com/roubini-monitor/257912/mother_of_all_carry_trades_faces_an_inevitable_bust

[ozymandius]

18. Delinquent CMBS Balance Rises 583%

The delinquent unpaid balance within commercial mortgage-backed securities (CMBS) swelled to $31.7bn in September from $28.2bn a month earlier, according to credit-rating agency Realpoint.

This total delinquent balance is up 583% from a year earlier. More than 3.9% of $805.3bn in unpaid balance on CMBS pools reviewed by Realpoint was delinquent in September.

Despite a slight monthly decline in the real estate-owned (REO) bucket due to increased liquidations, the distressed 90 plus-day, foreclosure and REO categories grew in aggregate for the 22nd month in a row, rising $1.48bn over the previous month.

http://www.housingwire.com/2009/11/02/delinquent-cmbs-balance-rises-583-realpoint/

[ozymandius]

21. Have a nice day, everyone.

:donut: :donut: :donut:

Time for me to hit the road.

:hi:

[Festivito]

22. Debt: 10/30/2009 11,893,091,028,361.01 (UP 24,633,550,449.07) (Fri)(1 month in surplus.)

(There is an Obama surplus for the first month of the first quarter, the first month of our current fiscal year, the first month in Obama's first all Obama fiscal year -- although we are still dealing with the mess Republicans left behind. Good day to all.)

= Held by the Public + Intragovernmental(FICA)
= 7,487,886,930,552.47 + 4,405,204,097,808.54
UP 31,206,306,633.43 + DOWN 6,572,756,184.36

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 308-Million person America.
If every American, man, woman and child puts in $3.25 each THAT'S 1B$.
A family of three: Mom, Dad, Child: $9.75, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 10 seconds we net gain another American, so at the end of the workday of the report, there should be 307,846,941 people in America.
http://www.census.gov/population/www/popclockus.html ON 09/27/2009 07:13 -> 307,558,299
Currently, each of these Americans owe $38,633.13.
A family of three owes $115,899.39. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 22 reports in the last 30 days.
The average for the last 22 reports is -760,817,052.30.
The average for the last 30 days would be -557,932,505.02.

There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 22 reports in 30 days of FY2010 averaging -0.76B$ per report, -0.56B$/day.
Above line should be okay

PROJECTION:
There are 1,178 days remaining in this Obama 1st term.
By that time the debt could be between 11.2 and 18.0T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
10/30/2009 11,893,091,028,361.01 BHO (UP 1,266,213,979,447.93 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 -0,016,737,975,150.70 ----------BHO
The Obama Surplus shows above this line.

LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
10/09/2009 -000,014,303,257.45 ----
10/13/2009 +010,339,703,734.17 ------------********** Tue
10/14/2009 +000,250,135,805.15 ------------********
10/15/2009 +040,455,301,335.22 ------------**********
10/16/2009 -000,034,671,440.79 ----
10/19/2009 +000,169,101,777.19 ------------******** Mon
10/20/2009 +000,084,506,561.85 ------------*******
10/21/2009 +000,260,615,642.06 ------------********
10/22/2009 -054,881,746,021.15 -
10/23/2009 -000,105,634,856.79 ---
10/26/2009 -000,680,933,964.04 --- Mon
10/27/2009 +000,626,474,250.98 ------------********
10/28/2009 +000,798,039,832.64 ------------********
10/29/2009 -019,769,093,363.09 -
10/30/2009 +031,206,306,633.43 ------------**********

8,703,802,669.38 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4128759&mesg_id=4128789

[Festivito]

62. Debt: 11/02/2009 11,974,737,715,216.11 (UP 81,646,686,855.10) (Mon)(Back into deficit.)

(Big rise in debt, about 92B, the Obama surplus lasted one month and is now long gone. Good day to all.)

= Held by the Public + Intragovernmental(FICA)
= 7,579,884,552,516.45 + 4,394,853,162,699.66
UP 91,997,621,963.98 + DOWN 10,350,935,108.88

Source: Debt to the penny:
http://www.treasurydirect.gov/NP/BPDLogin?application=np

THINKING IN BILLIONS: Think 3 or 4 dollars per billion in a 308-Million person America.
If every American, man, woman and child puts in $3.25 each THAT'S 1B$.
A family of three: Mom, Dad, Child: $9.74, ABOUT TEN BUCKS for a 1B$ federal program.
I hope that is clear. However, I'd suggest using $3 per 1B$ to underestimate it.
Use $4 per 1B$ to overestimate the cost when thinking: Is the federal program worth it?
Aid to Dependant Children: 2B$/yr =$8/yr(a movie a year) Family of 3: $24/yr(an hour of bowling)

PERSONALIZED DEBT:
Every 10 seconds we net gain another American, so at the end of the workday of the report, there should be 307,872,861 people in America.
http://www.census.gov/population/www/popclockus.html ON 09/27/2009 07:13 -> 307,558,299
Currently, each of these Americans owe $38,895.07.
A family of three owes $116,685.22. (And that is IN ADDITION to their mortgage.)

ANALYSIS:
There were 21 reports in the last 30 to 31 days.
The average for the last 21 reports is 2,704,238,745.05.
The average for the last 30 days would be 1,892,967,121.54.
The average for the last 31 days would be 1,831,903,666.00.
There were 252 reports in 365 days of FY2007 averaging 1.99B$ per report, 1.37B$/day.
There were 253 reports in 366 days of FY2008 averaging 4.02B$ per report, 2.78B$/day.
There were 75 reports in 112 days of GWB's part of FY2009 averaging 8.03B$ per report, 5.38B$/day.
There were 174 reports in 253 days of Obama's part of FY2009 averaging 7.33B$ per report, 5.07B$/day so far.
There were 249 reports in 365 days of FY2009 averaging 7.57B$ per report, 5.16B$/day.
There were 23 reports in 33 days of FY2010 averaging 2.82B$ per report, 1.97B$/day.
Above line should be okay

PROJECTION:
There are 1,175 days remaining in this Obama 1st term.
By that time the debt could be between 13.6 and 18.0T$.
It could be higher. It could be lower.

HISTORICAL:
President's term begins and ends on Jan 20.
(Guess who might want to hide the Reagan Bush years. Jan 20 data is missing before 1993.)
01/20/1993 _4,188,092,107,183.60 WJC Inaugural
01/22/2001 _5,728,195,796,181.57 WJC (UP 1,540,103,688,997.97)
01/20/2009 10,626,877,048,913.08 GWB (UP 4,898,681,252,731.43)
11/02/2009 11,974,737,715,216.11 BHO (UP 1,347,860,666,303.03 so far since Obama took office.)

FISCAL YEAR DEBT CHANGE, Sep 30 prior year to Sep 30 named year:
(One "* " for each 40B$ reached)
FY1994 +0,281,261,026,873.94 ------------* * * * * * * WJC
FY1995 +0,281,232,990,696.07 ------------* * * * * * * WJC
FY1996 +0,250,828,038,426.34 ------------* * * * * * WJC
FY1997 +0,188,335,072,261.61 ------------* * * * WJC
FY1998 +0,113,046,997,500.28 ------------* * WJC
FY1999 +0,130,077,892,735.81 ------------* * * WJC
FY2000 +0,017,907,308,253.43 ------------WJC
FY2001 +0,133,285,202,313.20 ------------* * * C&B
01-WJC +0,053,598,528,417.78 ------------* WJC 31% of FY, 40% of FY-Debt
01-GWB +0,079,686,673,895.42 ------------* GWB 69% of FY, 60% of FY-Debt
FY2002 +0,420,772,553,397.10 ------------* * * * * * * * * * GWB
FY2003 +0,554,995,097,146.46 ------------* * * * * * * * * * * * * GWB
FY2004 +0,595,821,633,586.70 ------------* * * * * * * * * * * * * * GWB
FY2005 +0,553,656,965,393.18 ------------* * * * * * * * * * * * * GWB
FY2006 +0,574,264,237,491.73 ------------* * * * * * * * * * * * * * GWB
FY2007 +0,500,679,473,047.25 ------------* * * * * * * * * * * * GWB
FY2008 +1,017,071,524,649.92 ------------* * * * * * * * * * * * * * * * * * * * * * * * * GWB
FY2009 +1,885,104,106,599.30 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B&O
09GWB +0,602,152,152,000.60 ------------* * * * * * * * * * * * * * * GWB 31% of FY, 32% of FY-Debt
09-BHO +1,282,951,954,598.70 ------------* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * BHO 69% of FY, 68% of FY-Debt
FY2010 +0,064,908,711,704.40 ------------* BHO


LAST FIFTEEN REPORTS OF ADDITIONS TO PUBLIC DEBT(NOT FICA):
10/13/2009 +010,339,703,734.17 ------------********** Tue
10/14/2009 +000,250,135,805.15 ------------********
10/15/2009 +040,455,301,335.22 ------------**********
10/16/2009 -000,034,671,440.79 ----
10/19/2009 +000,169,101,777.19 ------------******** Mon
10/20/2009 +000,084,506,561.85 ------------*******
10/21/2009 +000,260,615,642.06 ------------********
10/22/2009 -054,881,746,021.15 -
10/23/2009 -000,105,634,856.79 ---
10/26/2009 -000,680,933,964.04 --- Mon
10/27/2009 +000,626,474,250.98 ------------********
10/28/2009 +000,798,039,832.64 ------------********
10/29/2009 -019,769,093,363.09 -
10/30/2009 +031,206,306,633.43 ------------**********
11/02/2009 +091,997,621,963.98 ------------********** Mon

100,715,727,890.81 Total of 15 above reports.

Heavy borrowing seems to start after 09/18/2008 while Bush was in power JUST BEFORE fiscal year end.
Bush admin borrowed $962,245,245,654.01 in those last 124 days in office crossing two fiscal years.
$360,093,093,653.42 in last 12 days of FY2008, and $602,152,152,000.59 in subsequent 112 days before leaving office.

For a prettier and more explanatory view of our nation's debt:
http://www.brillig.com/debt_clock

(Debt to the penny keeps changing. Stuff is missing. Best to keep our own history.) LAST REPORT:
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=102&topic_id=4130063&mesg_id=4130102

[tclambert]

25. Ford's Profit: For Real This Time?

From the Motley Fool: http://www.fool.com/investing/general/2009/11/02/fords-profit-for-real-this-time.aspx

By John Rosevear November 2, 2009

Surprising most of Wall Street, Ford (NYSE: F) turned a profit for the third quarter. A real profit.

Yes, venerable Ford, the only one of the Once-Big Three automakers to avoid bankruptcy in the last year, the company given up for dead by those same Wall Street analysts as recently as eight or nine months ago, posted a fat upside surprise net profit of almost a billion dollars on Monday morning. To be precise, $997 million, or $0.29 a share.

That's real money.

Unlike last quarter's surprise profit, this one wasn't made up of "special items" like credits from debt restructuring. This one's legit: Pre-tax operating profit was $1.1 billion. Better still, while Ford's financial-services unit continues to be a major profit center, $446 million came from the car business.

Ford divides its world into four regions -- North America, South America, Europe, and Asia Pacific -- and the car and truck businesses in all four showed positive results. That's the company's first quarterly operating profit in North America since 2005.
___________________________________________________________

He goes on to question whether their profitability is sustainable. He waffles a bit on that. He does not ask a question I would like to hear the answer to: Does Ford's profitability mean they will bring back laid off workers? The local news (from Motor City) said that because the UAW declined to cave further on contract concessions, Ford may deliberately ship more jobs overseas.

He hasn't yet made a call on whether Ford's stock is a good buy or not. A year ago, we all should have bought Ford stock. In Novemeber '08, it was around $1.50 per share. Now it's $7.50 per share. That's a factor of 5, an increase of 400%. Five years ago, it was $14. So, there may still be some room for appreciation, but not another factor of 5.

[UpInArms]

32. dollar watch

http://quotes.ino.com/chart/?acs=NYBOT_DX&v=i

Last trade 76.612 Change +0.322 (+0.41%)

Oil, Metals to Trade With Stocks as Risk Trends Dominate

http://www.dailyfx.com/forex/fundamental/forecast/daily/2009-11-03-1039-Oil__Metals_to_Trade_With.html

Oil, gold and silver are likely to fall in with broad risk trends, with earnings reports guiding directional momentum as scheduled event risk thins out before Wednesday's FOMC announcement.

Commodities – Energy
Earnings Reports Take Center Stage as Crude Trades with Risk Sentiment

Crude Oil (WTI)       $77.50        -$0.63        -0.81%

Oil has continued to consolidate in a familiar range between $78.17 and $76.82. Bearish momentum is seen as Swiss banking giant UBS as well as German luxury carmaker BMW and retailer Metro AG reported disappointing third-quarter earnings. Mastercard Inc, Marathon Oil Corp, and Viacom Inc are notable names set to report results ahead of the opening bell on Wall St. September’s US Factory Orders is the only item of marginal significance on the data docket to be released late into the session, but the report is unlikely to prove particularly market-moving considering traders have already seen and reacted to the October ISM survey.



Commodities – Metals
Gold to Turn Lower Below Triple Top Resistance, Silver Consolidation Continues

Gold       $1058.62        -$0.87       -0.08%

Gold prices rebounded to re-test resistance at the triple top just below $1070 mark and are now building an Evening Star bearish reversal candlestick formation. As with crude, earnings reports take center stage today with a pause in scheduled event risk until Wednesday brings the FOMC rate decision, followed by the same out of the BOE on Thursday as well as the all-important Non Farm Payrolls report on Friday.

Silver       $16.39       -$0.06        -0.36%

Technical positioning remains unchanged as prices continue to consolidate in a narrow range between $16.11 and $16.75. As with gold and oil, earnings reports (detailed above) are the catalysts to watch on the fundamental front.

...more...

Euro Pullback May Turn into Reversal Should Dollar Recover

http://www.dailyfx.com/forex/fundamental/forecast/weekly/eur/2009-10-31-0153-Euro_Pullback_May_Turn_into.html

There is a reason that EURUSD is the world’s most liquid currency pair. While the European regional and US economies are large trade partners; the real basis for this active is that the US dollar and euro account for the highest and second highest level of reserves in the world’s central banks. The dollar has held the title of top reserve currency (and in turn being used to value commodities, acting as a benchmark or pegged currencies, etc) for decades; but it has been the talk of academic, political and speculative circles for months that the greenback is slowly losing its clout. Who will step in to replace the dollar? Naturally, the euro fits the bill as being the next financial medium for international investors and consumers. Admittedly, such a significant shift will not happen all at once nor is it expected to develop especially soon. However, this relationship is obviously anchoring one currency to the other, leaving the dollar’s strength and weakness to guide the broader trends of the euro.

Its incontestable link with the dollar has in turn stamped the euro with a fundamentally questionable label as a risky currency. For the euro itself, there is little to actually attribute this fundamental title to the currency: there is a modest yield advantage over many of its peers but there is as of yet no clear timetable for rate hikes; and the German and French economies have led the economic recovery for the Western world. However, when most currency transactions are tied to the top safe haven currency, the associative effect is infused. Hence, over the coming week and beyond, euro traders will have to keep a vigilant eye on the underlying currents of sentiment behind the financial markets and the dollar as its proxy. Considering that many of the majors (EURUSD included) have backed up to dollar-based resistance through Friday; the pressure will be on almost immediately after liquidity returns. To confirm that a meaningful shift in risk appetite is indeed underway, a similarly bearish fate for benchmarks among other asset classes would be reason enough to expect momentum. And, while the ultimate collapse or revival in risk appetite will likely be founded through sentiment itself; there are plenty of benchmarks to watch along the way. The myriad of rate decision (the RBA and BoE most prominent among them, but the Fed and ECB certainly important) as well as Friday’s US labor figures offer tangible catalysts to prepare for.

While risk appetite is always important to monitor regardless of what asset you are trading, the euro may still find volatility or alter its position on the risk spectrum through its own event risk. Many of the timely, top tier economic indicators that usually define economic forecasts have already crossed the wires in the past couple of weeks. The primary concern of volatility traders next week is Thursday’s ECB rate decision. The market and economists are unanimous in their forecasts for rates to be held unchanged at 1.00 percent; but there is potential for the statement and President Jean Claude Trichet’s commentary to develop speculation for the timetable for the eventual, hawkish turn. Just this past week, ECB member Axel Weber suggested that it was time to start withdrawing stimulus from the markets. And, just to confirm his bias, he went on to say that policy officials will not wait for employment to pick up to hike rates as by then it may already be too late. In contrast, a draft of the EU’s recent summit reveals officials’ belief that it is too early to start pulling back support for the recovery, though they did not repeat the 2011 timeframe that was suggested before. Euro traders should also be weary of the BoE’s policy announcement (due 45 minutes for the ECB’s) as an expected change to the MPC’s bond purchasing program could spark interest rate speculation throughout the majors.



...more...

[natrat]

46. "Gold prices rebounded to re-test resistance at the triple top just below $1070 mark and

and are now building an Evening Star bearish reversal candlestick formation"--guess thats not working out too well, gold pushing 1085

[Tansy_Gold]

35. Warren Buffet buys BNSF

http://www.bloomberg.com/apps/news?pid=20601082&sid=asfU7Dluabw4

Nov. 3 (Bloomberg) -- Berkshire Hathaway Inc. agreed to buy railroad Burlington Northern Santa Fe Corp. in the company’s biggest takeover under Warren Buffett.

Buffett’s firm will buy the 77.4 percent of the railroad it doesn’t already own for $100 a share in cash and stock, valuing the transaction at about $44 billion, including $10 billion in outstanding debt, Omaha, Nebraska-based Berkshire said in a statement today distributed by Business Wire. That compares with the railroad’s closing price yesterday of $76.07.

“It’s an all-in wager on the economic future of the United States,” Buffett said in the statement.

Berkshire has been building a stake in the Fort Worth, Texas-based railroad for more than two years as Buffett looked for what he called an “elephant”-sized acquisition in which he could deploy his company’s cash hoard, valued at more than $24 billion as of the end of June. Trains stand to become more competitive against trucks with fuel prices high, he has said.

“As oil prices go up, higher diesel fuel raises costs for rails, but it raises costs for its competitors, truckers, roughly by a factor of four,” Buffett told shareholders in 2007 at his company’s annual meeting. “There could be a lot more business there than there was in the past.”

At $100 a share, Buffett is paying 18.2 times Burlington’s estimated 2010 earnings of $5.51, according to the average analyst projection in a Bloomberg survey. That compares with the 13.4 multiple for the Standard & Poor’s 500 Index as of yesterday’s close. Burlington Northern shares have dropped 13 percent in the past 12 months.

‘Warren Being Warren’

“It is Warren being Warren, taking advantage of a market that is soft at a time when the possibility for competitive bids is relatively low,” said Tom Russo, a partner at Gardner Russo & Gardner, which holds Berkshire shares. “He looks at this as a business that has advantages against other forms of transportation.”

Competing railroad Union Pacific Corp.’s ratio was 13, while Jacksonville, Florida-based CSX Corp.’s was 13.1, Bloomberg data show.

Berkshire’s board approved a 50-to-1 split of its Class B shares to help the acquisition, the company said. Goldman Sachs Group Inc., Evercore Partners Inc., and Cravath Swaine & Moore LLP are advising Burlington. Berkshire didn’t disclose a financial adviser and said Munger Tolles & Olson LLP furnished legal advice.

Burlington Northern operates 32,000 miles of track, with 6,700 locomotives, according to its Web site. Most of the carrier’s network is west of the Mississippi, where it competes with Union Pacific. The company hauls cargo including grain, coal and so-called intermodal containers, which can move by a combination of rail, road and sea.

To contact the reporter on this story: Hugh Son in New York at [e-mail]




Unfortunately, I think it's Southern Pacific that's storing all those rail cars out by Fourth of July Peak in western Maricopa County's rock-hunting country. . . . . I really do gotta get out there and take some photos for you folks.

[Hugin]

37. I find this story of a businessman doing business to be a refreshing change.

and encouraging...

When compared to the fire-hose of horse crap we've been experiencing.

Thanks for posting it. :)

[tclambert]

47. A rich guy buys a railroad? Are we back in the 1800s?

Of course, I originally started investing because I wanted to buy spaceship companies and factories in orbit. I buy the Syfy channel, he buys the history channel. He's filthy rich; I'm stinking poor. Is there a lesson to be learned there? I don't know. I don't care. Shut up! (I think I just told myself to shut up.)

[Dr.Phool]

52. Nah, we're playing Monopoly.

I'm going to jail or the poor house.

[Tansy_Gold]

53. There is no poor house in Monopoly.

Strange, don't you think? No welfare or unemployment compensation.

And they never really tell you WHY you have to go to jail. . . . .

[tclambert]

49. Maybe I understand this.

That quote: “It’s an all-in wager on the economic future of the United States,” Buffett said in the statement.

He's betting big that the United States has a bright economic future and the railroads will get busy again. All those rail cars we see parked on sidings will start rolling again. And when that business picks up, Buffett believes his railroad will make lots of money.

Still, Burlington Northern Santa Fe stock (symbol: BNI) had an all-time high of $113.05 per share. It didn't spend much time over $100 ever. They only pay about 2% dividends. Hard to see how he can make much money on it.

Maybe I don't understand it.

[Demeter]

50. Or Maybe He's Anticipating a More Gruesome Use for the Railroad Cars

seeing as how Germany abused their infrastructure to abuse their people....

[DemReadingDU]

59. eeew, that's bad

but who knows.


been watching my grandbabies all day, and voted.

[CatholicEdHead]

60. Long term stability

As rough as things are some trains always keep moving. Much of the general freight is down but farm commidies are always moving. Farmers need to get their crops to the major cities (e.g. North Dakota farmers pay high rates in overbooked cars to get product to Seattle or Minneapolis via BNSF).

[Roland99]

44. Yay! Jobs! ............... oh wait......

• Johnson & Johnson to cut more than 8,000
• Nokia Siemens Networks to cut nearly 6,000
• HSBC to cut 1,700 jobs in U.K.

[Tansy_Gold]

56. Oh, but don't you know?

There's actually a huge labor shortage. or will be soon. You know, when all the boomers who have sucked up all the jobs suddenly retire all at once. . . .on the same day. . . . to live on their 401(k)s and social security and state employee pension plans. . . . .

That's why the pukes aren't really doing anything to stop illegal immigration.




Hey, I read it over in GD! It must be true!





Tansy Gold

[TheWatcher]

55. November Has Begun.

It will be interesting to see which of my predictions come true.

The Beginning of the End as the Wheels Come Off

Or they manipulate this thing to Weimar like Highs of 11-12K

Keep in mind we have two Unemployment Reports coming up this week, so it will be interesting to see if they have a two day meth kegger to celebrate the continued destruction of the very Sheep they keep trying to convince that everything is fine, we are all prosperous, and that no Financial Crisis ever existed, and everything was all in our minds, and that joblessness is the new normal.

Meanwhile, the slow, painful death of the Dollar Continues, High Oil Prices continue to be linked to Economic Recovery by the Telescreen Puppet Masters, and The Real Economy Continues to be destroyed by those in Power, and The American People? They couldn't be happier about it, and their fetish for even MORE Propaganda and outlandish proclamations continues to be feverish and insatiable.

TPTB are desperate and will do ANYTHING to keep the Ponzi System going, accumulating as much wealth, power, and control of whatever is left of the planet's assets, and they are going to bankrupt the entire country if it is necessary.

The Best Thing that thinking, sane people can do right now is take all the necessary steps to protect the assets you have, and take whatever steps you need to take to adapt to this kind of environment.

Media and Government Propaganda mouthpieces and outlets continue to try and Condition everyone to think corruption and lawlessness is cute, funny, trendy, and normal.

And the apologist shills who constantly preen and self-congratulate themselves continue their smarmy claims that this bubble is a good thing, and that those who question the "Economic Recovery" should just shut up and make a profit like they are doing, and how easy it is for the "average guy" to trade the markets and benefit from this nonsense.

Of all the Failed States in history, it appears our will Fail more Spectacularly and Bizarrely than any other to come before us.

There is NOTHING behind this Bubble.

Don't get caught by the hype or the hyperbole.

[Joe Chi Minh]

58. There's a strong vacuum behind it....

[DoBotherMe]

57. kick n/t