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WTF is UP?

Discussion in 'Financial Cents' started by Clyde, May 2, 2008.

  1. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    I don't see any changes in anything. Just the status quo of spend and spend and expansion of the liquidity issues. Now, it would appear that Wall Street is happy again. I just don't see how the hell there has been any change. How much money have they pumped out there to **** our children!

    <tt>Fed joins with European banks to battle credit crisis...

    ...expands liquidity operations

    </tt><tt>Kuwait fund may boost stakes in CITIGROUP, MERRILL LYNCH...

    Gulf States May Drop Currency Pegs to Dollar, Kuwait Finance Minister Says...

    GLOOM LIFTING? Sense of Optimism Begins to Ease Onto Wall St...
    Dow crosses 13,000; Dollar UP...
    GUSHER: CHEVRON profit rises 9.5%...

    </tt><center> <!-- MAIN HEADLINE--><tt><tt>[FONT=ARIAL,VERDANA,HELVETICA][SIZE=+7]JOBLESS RATE FALLS [/SIZE] [/FONT]</tt></tt></center><tt></tt>
  2. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    For some reason unfathomable to me, a two cent twitch in the price of oil moves the markets dramatically. The more significant items like global banking moves don't affect sheep, and it should. Weird economic (scientific?) world we live in.

    I'm going to spend my tax check like the dot gov wants since I have no debt to pay down. I think some ammo would be a nice "investment." Or maybe reloading gear; hell, I don't know yet.
  3. Jonas Parker

    Jonas Parker Hooligan

    At the risk of sounding like a conspiracy loon, let me toss an idea or two out here.

    Could the recent US stock-market gains be a manipulation to raise prices before insiders sell?

    Could the recent decline in precious metals prices be a manipulation to lower the prices so these same insiders could buy at lower prices?

    Could these same insiders be setting up J6P (and perhaps the entire United States) for an economic crash of biblical proportions when the US stock-market finally tanks and the price of precious metals simultaneously goes through the roof, thus wiping out most IRAs, pension plans, and investment assets owned by the "non-insiders"?
  4. franks71vw

    franks71vw Monkey+++

    I noticed that for several days gold and silver had dropped and still had not seen anything on the news (good news wise) on what could cause these prices to drop?
  5. RouteClearance

    RouteClearance Monkey+++ Site Supporter

    Something just does not feel right about this, maybe I am wrong but there is to much going on for everything to start getting better. Maybe this is like a lightbulb before it goes out, get real bright before it blows.
  6. Clyde

    Clyde Jet Set Tourer Administrator Founding Member

    I just don't get how all of a sudden everyone is sounding the all clear and recession is over. The fundamentals have not changed at all. And as I look into the crystal election ball I see no apparent change, but rather 3 candidates who plan on increasing the overall spending beyond what our "conservative and compassionate" president has already done.

    We are living through a Roman Republic type meltdown. Unfortunately, it took a few hundred years for the Romans to fizzle away to nothing. I wonder if it will take the US that long.

    I work in commercial real estate. A strong investment group was buying a portfolio of 19 shopping centers valued around $300 million. They have purchased portfolios of this size and larger over the past 10 years. Their financing fell through and they had no way to close the deal. All this happened in the last month.

    The company I work for has not been hit by the similar problems because their family is an 80 year old company and they have accumulated a significant amount of cash that they can use to pay for things. In a meeting, they said they have not been hit by the credit crisis because of their financial staying power. True or not, I don't know.

    The recent news of Kuwait and others bailing Citibank out with additional funds is not even real news anymore. I didn't hear about out.

    If the dollar peg is dropped for trading oil, then there should be a wholesale drop in the value of the dollar thereafter. But, we had .006 supposed growth last quarter so we must be out of the woods.
  7. overbore

    overbore Monkey++

    I do not like the smell of this false sense of euphoria as there are ever increasing signs and signals of war with Iran and a Fall Market tank wiping out the sheep and gullible. You gents are right but IMHO, this is "golden" opportunity to top off on the "necessaries" and or Makings. On the news is also the tid-bit: FBI director affirms there are terrorist cells operating here--. waiting for us to strike Iran then they have and automatic go signal, no doubt.[shtf] Overbore
  8. RouteClearance

    RouteClearance Monkey+++ Site Supporter

    http://www.dailyreckoning.com/Writers/Mogambo/DREssays/MG050208.htmlThe following link explains what is going on with the price of gold dropping like it has. This maybe a huge market manipulation to get people to sell their gold, but Overbore was right when he stated that this will give us preppers a little more time to get ready. I myself have just bought an additional 300lbs of wheat germ on top of my bulk food staples that I allready have.
  9. FalconDance

    FalconDance Neighborhood Witch

    Market manipulation? Ummm, what's so tinfoil about that idea? Look at the report in the papers this morning: Archer-Daniels-Midland (grain processor), Deere & Co (tractors), Monsanto and Mosaic (fertilizer big wig) all report nearly 50% third-qtr profits! This among the so-called grain/food shortage. Geez, wonder why the price of food is up. [beat] Strangely enough (note: sarcasm, check) companies like Tyson are "hurting" because "they're having trouble passing along the increases".

    [BSf] Pfft, anyone who grocery shops can see that they have no such trouble!

    Of course, the govt will form a task force and look into all this to make sure nothing like that is happening. (note: huge sarcasm check). [BSf]

    You know, Clyde, I told my ex this very same thing about 26 years ago whilst in a newly opened Micky D's in France! I had to explain the whole concept since he bought/buys into the whole "America is the greatest, most perfect, and indestructible democracy ever created" fallacy. Now, if I could see that as a fresh-faced 18 year old just leaving home and getting out into the world on her own for the first time, why in the hell is it so hard for mature individuals to?

    (Oh my, I just realized how long ago that was and had a "I feel my age" moment o_O.)
  10. Quigley_Sharps

    Quigley_Sharps The Badministrator Administrator Founding Member

    John Deere is buying and installing wind turbines from us like crazy, and making great profits. 39 are going in as we speak not far from where i sit this morning.
    It is interesting that those who made great money are having trouble making and those of a couple of years ago not making it , are now doing great,things are changing .
    PGE invested 793 million in wind turbines last year, and are doing so this year. Horizon is investing more than that this year.PSE is way above both of them with investments this year and next.

    Here is the jobs:

    Clyde get that thing tuned up!
  11. FalconDance

    FalconDance Neighborhood Witch

    I wish it were feasible for us to use wind power, but it really isn't - we simply don't have enough sustained wind movement here. Of course, that would not be believable from the winds the past few days!
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