It's Y2K all over again,SportyFans!!!!


Run for your lives!

will they still run at the spa?

The travers will be run for loaves of bread. Second place will get a plate.

u think randy is wrong , u don't think we will burn like rome?

I can't disagree with the predictions of doom and gloom. However, we're pretty well set before the butt end falls completely out of the economy. By then, we won't much give a damn cuz we'll be dead. I really pity the people who have to deal with it.

The country is in the toilet, and, it's not all Bush's fault either.

correct , frank , pelosi etc etc must share the blame as well

Today's absolutely must watch clip comes from David Stockman, director of the OMB under Ronald Reagan. "An independent Fed is what we had when I was in the government. Volcker was the head of it...Today the Fed is scared to death that the boys and girls and robots on Wall Street are going to have a hissy fit. And therefore these programs, one after another, are simply designed to somehow pacify the stock market, and hoping to keep the stock indexes going up, and that somehow that will fool the people into thinking they are wealthier and they will spend money. The people aren't buying that. Main Street is not stupid enough to believe that engineered rallies as a result of QE2 stimulus are making them wealthier and so they should go out and buy another Coach bag. This is really crazy stuff that I can't say enough negative about...The Fed is telling a lot of lies to the market... it is telling all the politicians on Capitol Hill you can issue unlimited debt cause it doesn't cost anything. We have $9 trillion of marketable debt. Upwards of 70% of that has maturities of 5 years or less down to 90 days. All of those maturities are 1% down to 10 basis points. So from the point of view of Congress, the cost of carrying the debt is essentially free. When you tell politicians they can issue $100 billion of debt a month for free, how do you expect them to do the right thing, and ask their constituents to sacrifice... I think the Fed is injecting high grade monetary heroin into the financial system of the world, and one of these days it is going to kill the patient."

randy you worried about your pension?

What pension? I will get nothing and I know it so no I don't worry at all.

oh ok , you can always find a whale i guess:D:D

Is this the same David Stockman that was indicted not too long ago. I'm not sure.

Agreed. I think many can share the blame for our issues. Athough, Im not so certain we are in the toilet either.

I think regardless of our issues, we will "war" our way out of it just like every other empire. Its naive to think that we can't create enemies any time we like.

clinton as well with NAFTA

We're in the toilet with the Tidy Bowl man - no one's yet pressed down on the handle.

Higher taxes will mean just more government spending with very little of it making any difference to the people struggling to pay for food and shelter.

yup

And our illustrious POTUS taking 3000 people to India at $200 million a day is really helping things along.

It's up to President Obama.


He won't.

Is there anything more snooty then redboarding one's portfolio?


just thayin'

http://www.youtube.com/watch?v=edtl5W4XNLk




=:>

How dare you accuse me of redboarding.

I am outraged. :p

Must be tough standing around on the sidelines for all these months, randy


By the way, have you ordered your "Food Insurance" (LMAO) from Glenn Beck yet?




:$:

Come on baby....just one photo of you in that red dress.



Just one.


pleeeeeeeeeeeeease?

Too funny, Mort


Big week on The Street:

Dow … 11,444 … up 2.9%

S&P 500 … 1,226 … up 3.6%


:wf


Coach Bernanke is callin your number, randy.

Put the helmet on and get back in the game (equities)… :$:

She's afraid to.




She fears my wrath should it displease me.

She's a cool chick, Mort.

One of my fav posters on this board.

If we're talking about Dala... agreed. :{>::{>:

How bout Sick Vick? He's quite the QB!!!

Mind your own business...for a change.

You too.

Wait A Second.

Wait a second, QE2 was supposed to lower rates....but but but now rates have spiked more than half a point in 3 weeks, blowing up mortgage locks and refis and higher rates implies lower house prices...there is zero recovery going on and nothing but margin pressures for every business.

Wait a second, there is no free lunch....we can't print our way into prosperity....we will have to eat this depression after all....but I believed in unicorns and free money....wait, our lenders are balking at our debasing the currency....but don't they understand how important we are....wait there are countries in Europe who are literally coming apart at the seams still hastening a bailout of Ireland today....but I thought that that was put to rest in May in Greece...Figures that dickhead smooth prostate operator would be booted before he realized their is no free lunch....Keep thinking Ben will save you. Everything he does makes it worse and the reckoning will be worse.

Come on Randall. Surely you are not this naive. The fed announcement came with 7 weeks left in the year with some pretty big holidays in the middle. With all of the gains already realized at the beginning of the quarter, wouldn't it make sense for the rest of the profits to be booked before the end of the year????? How much money does Wells Fargo LOSE if everyone that locked in at 4% breaks their locks and goes elsewhere for 3.875????? They can't deal with the incoming capacity to make it a wash.

If you are delivering mandatories at 4% and you have a healthy margin already baked in compounded by serious capacity issues, what sense would it make to allow the fed move to drive down rates? With everyone so skittish it doesn't take much selling (or spin for that matter) to create a mini sell off.

And look what happens before the bell? Bond market comes back strong ahead of tomorrow's CPI. Coincidentally, it creates just enough time for the locked loans to close. A two week hiatus. Guess when rates will come back to where they were? Can you say the first two weeks in December...at the latest?

Wanna bet?

I can't believe you guys are not talking about GM IPO and China.

We can solve our economic problems by selling hunting licenses and having a 1 week hunting season on these scumbags.

http://www.msnbc.msn.com/id/40284176...ss-us_business

Enjoy your 90 dollar oil on the same day the unemployment rate goes to 9.8% and over 17% underemployed at a minimum...on the same day as wheat futures are lock limit up!!! Hey but who eats or drives or heats their house....as long as stocks are up that's all that matters. ****ing morons.

^
zombie bear.

Huge moron on cue.

I won't take sides, but something wrong here.

http://articles.latimes.com/2010/nov...truno-20101127

you really like that word. if there were options available i'd buy a few calls on your use of it in the next 12 months. it seems to spurt from you in direct proportion to any rise in stock market indexes.

"It seems it was just yesterday that the Chairman penned the following famous last words in his Washington Post Op-Ed: "The FOMC intends to buy an additional $600 billion of longer-term Treasury securities by mid-2011 and will continue to reinvest repayments of principal on its holdings of securities, as it has been doing since August. This approach eased financial conditions in the past and, so far, looks to be effective again. Stock prices rose and long-term interest rates fell when investors began to anticipate the most recent action. Easier financial conditions will promote economic growth. For example, lower mortgage rates will make housing more affordable and allow more homeowners to refinance." Um, Chairman, so what happens now, a month after your Op-Ed justifying QE2, when the prevailing mortgage rate is about 1% higher, and is resulting in about a 10% decline in home prices to maintain the same level of affordability? "

For Randall
 

A friend of mine posted this on facebook and I thought it was hysterical.

http://www.flixxy.com/quantitative-easing-explained.htm