350zCommtech's Account Talk

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Dollar falling further. But like earlier today, no reaction in stocks, bonds, or GS.

This should help offset any -FV in the I fund tonight.
 
CNBC, "some details of the bank rescue plan will be announced next week".


There's your stick save for the day. I hope it works. It was good for 10 SPX points.

It's obviously BS. If they had them, why didn't TurboTax Timmy announce them on Tuesday? Or today for that matter. These idiots are creating a crash. What do you think is going to happen when the market gets no real details next week?
 
Minnow said:
350zCommTech said:
CNBC, "some details of the bank rescue plan will be announced next week".

quote]

hmmm.. conveniently announced after the bond market closed?:notrust:
Click to expand...

Hey Minnow, I don't think the Bond Market closes till 3:00p.m. EST.

I will say this though. Our Goverment is so Xucked up right now It's not even funny.

Everyone is running around with there Head's Cut Off. They don't know

what to do. :mad:
Click to expand...
 
Minnow said:
350zCommTech said:
CNBC, "some details of the bank rescue plan will be announced next week".
Click to expand...

hmmm.. conveniently announced after the bond market closed?:notrust:
Click to expand...

No, bond market is still open. Some of today's gain in the F fund got eaten away because of it.

Now, we know why the dollar tanked this morning. The dollar had no reaction to CNBC's stick save. The currency market got the rumor 2.5 hours ago. Where's the SEC? This is why we have no confidence in the markets.
 
My bad about the timing... got ahead of myself. Either way, I don't like the gov putting off the inevitable. Just flush, please.
 
Voters totaling 56% voted for BHO and now they will benefit from the social spending programs. We have an inexperienced leader and we'll have to suffer with him for the next four years.
 
That BS sticksave ate up half of the F fund's gain today. Might only see a gain of 3.5 to 4 cents tonight.

Why didn't they wait until the SPX breached 740?
 
Sad. I'm thinking college-level 2 semesters of General Econ (macro and micro) should become mandatory part of every high school senior's curriculum- including current macro econ environment and how it affects their lives right now. God knows I didn't make connect macroecon measures like GDP, inflation, deflation to my every day life back in 1975-76 even tho my second year of college 1976 I took a whole semester of macroecon! just when we were just pulling out of the 1974-76 recession. Why didn't the prof connect the coursework to the real world just outside the window?

So I was completely unaware of screaming macro inflation afoot as I entered the post-college job market in 79. No debt, no credit card, a $600 6year old Chevy and a time-limited contract job that paid my basic rent food utils car insurance, gas and a movie now and then. No health insurance either-I just figured I needed to make sure I didn't get into a car accident, couldn't envision needing much in the way of medical care otherwise. Guess I was really lucky I needed so little in those days, since I knew so little about the bigger world impacts on my individual world.

I saw friends lose their jobs in the uranium mining industry in the early 80s, and also saw beef industry go belly up around me-no pun intended. Just didn't have that much to do with MY life so I didn't understand why it was all happening. I did get some perspective tho on ag people being encouraged by the banks to go into huge debt to buy huge farm machinery tho, and then not be able to pay back the loans due to livestock market tanking and ranches dying right and left up through the mid80s. I wasn't completely clueless, just couldn't connect the bigger picture to my life personally. I went gratefully if a little frustrated from contract job to contract job, only unemployed for about 2 months total, lived off savings those 2 months, never drew unemployment check. Things ironed out late 80s for me, 10 years post-college. If I'd only understood then what I understand now. Oh well, at least I understand now. :suspicious:
 
Blink. Micro and macro economics? Well, those are economic theories, but I never quite bought them. If I heard "holding all others constant" or "let the market decide" one more time in these classes when I first took them, I would have gone nuts. I dropped business as a result as an undergrad. Nothing in the world ever "holds everying else constant", and the market only works if scofflaws get in trouble for introducing samonella in the food supply or not maintaining safety protocols in coal mines. I understood them in grad school only because I already had taken some classes in business. But for me they only formed reference points for looking at the economy, and they were taught like they were two seperate theories on how the economy worked, or they were taught as if the private sector runs micro, government runs macro and the two never meet, neither of which is really true. The overall GDP will kick private business, and too much exberence in the tech sector played havoc with the overall GDP during the dot.com boom.

I prefer case studies to show examples on how the economy works (aka Harvard business school case studies) for learning how economics works. Maybe the history of the economy would be a good idea instead, with the theories used as reference points for what happened? A little accounting also probably wouldn't hurt. Also, I would love it if students learned how business really works, many even into their adulthood think it's like "The Office".
 
Last edited:
alevin said:
Sad. I'm thinking college-level 2 semesters of General Econ (macro and micro) should become mandatory part of every high school senior's curriculum- including current macro econ environment and how it affects their lives right now. God knows I didn't make connect macroecon measures like GDP, inflation, deflation to my every day life back in 1975-76 even tho my second year of college 1976 I took a whole semester of macroecon! just when we were just pulling out of the 1974-76 recession. Why didn't the prof connect the coursework to the real world just outside the window?

So I was completely unaware of screaming macro inflation afoot as I entered the post-college job market in 79. No debt, no credit card, a $600 6year old Chevy and a time-limited contract job that paid my basic rent food utils car insurance, gas and a movie now and then. No health insurance either-I just figured I needed to make sure I didn't get into a car accident, couldn't envision needing much in the way of medical care otherwise. Guess I was really lucky I needed so little in those days, since I knew so little about the bigger world impacts on my individual world.

I saw friends lose their jobs in the uranium mining industry in the early 80s, and also saw beef industry go belly up around me-no pun intended. Just didn't have that much to do with MY life so I didn't understand why it was all happening. I did get some perspective tho on ag people being encouraged by the banks to go into huge debt to buy huge farm machinery tho, and then not be able to pay back the loans due to livestock market tanking and ranches dying right and left up through the mid80s. I wasn't completely clueless, just couldn't connect the bigger picture to my life personally. I went gratefully if a little frustrated from contract job to contract job, only unemployed for about 2 months total, lived off savings those 2 months, never drew unemployment check. Things ironed out late 80s for me, 10 years post-college. If I'd only understood then what I understand now. Oh well, at least I understand now. :suspicious:
Click to expand...

Thanks for sharing alevin.

About a 2 years ago, while shopping at my local Walmart, I noticed on numerous occasions, women carrying LV purses. It was another sign of a housing bubble.

Rick Santelli is my hero. His rant was long overdue. At the least, it might make Obama and Geithner look over their plans a little.

I certainly don't want to be paying for my neighbor's mortgage while he drives a Lexus and his fat wife carries a $1000 purse.:D
 
People will continue to belittle Santelli just like they did Schiff.

What Obama is doing will not work. I don't really think it's ment to.

It will only serve to stoke the rising anger. Hense unrest then more power grabbing and rights restrictions.
 
mojo --

If I read it correctly, your post below is pretty gloomy -- and I can't say I disagree with you. Are we looking at things on the order of martial law in our future? :blink:

Steve
 
When will this happen here?

100,000 protest in Dublin over impact of recession

By RAPHAEL G. SATTER – 1 hour ago

LONDON (AP) — Around 100,000 people filled the streets of the Irish capital Saturday in protest at the government's handling of the country's economic crisis, police said.
The march through the heart of Dublin — organized by the Irish Congress of Trade Unions — was meant as a warning shot to the government, which wants to cut public sector pay even as it pumps billions of euros (dollars) into its troubled banks.
The government has argued that wage reductions are needed to keep Ireland's ballooning deficits under control and reassure international markets that Ireland isn't spiraling toward a default.
But the plan — which effectively docks 7 percent from the paychecks of 350,000 Irish workers — comes amid revelations of shady dealings and irresponsible lending at the banks now getting the taxpayers' help.
Ireland once had one of the fastest-growing economies in Europe, but boom turned to bust last year as shock waves from the subprime lending crisis in the United States spread across the globe.
Organizers originally planned the demonstration as a protest at the wage cutbacks, but later called on all Irish workers to turn out in a show of strength.
"Our generations yet unborn have been mortgaged in order to keep this banking system together," Congress of Trade Unions General Secretary David Begg told cheering crowds at Dublin's Merrion Square.
The trade unions are hoping the turnout will convince the government that organized labor is ready to strike if its demands are ignored.
http://www.google.com/hostednews/ap/article/ALeqM5igaxlnhqchruTNl6rDtXtBh6G3VAD96G6OH01
Click to expand...
 
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