coolhand's Account Talk

[WorkFE]

I've read a few articles and have yet to see where they were borrowing any money.
The way I read it. Not funding FERS (1%). Not sure about the matching for TSP.

Not clear cut but I'm sure it will be clarified over the next few days.

 

[jpcavin]

Not funding FERS (1%). Not sure about the matching for TSP.

I was asking myself the same queastion.

 

[coolhand]

Yeah, I don't see any borrowing inferred in the article. Just no funding to pensions. And you may be correct. Only the first 1%, but I'm not sure about that either. If you can't fund 1%, why would the rest get funded?

Of course, not funding the pensions is the first step. Borrowing comes next. :suspicious:

 

[nnuut]

Yeah, I don't see any borrowing inferred in the article. Just no funding to pensions. And you may be correct. Only the first 1%, but I'm not sure about that either. If you can't fund 1%, why would the rest get funded?

Of course, not funding the pensions is the first step. Borrowing comes next. :suspicious:

Treasury Tapping Federal Retirement Accounts to Stave Off Default


Published May 16, 2011
| FoxNews.com

At the top of the list is a plan to suspend investments to two government employee retirement funds, while borrowing from one of them.

Read more: http://www.foxnews.com/politics/201...es-lawmakers-reach-budget-deal/#ixzz1MYGb95dK

 

[coolhand]

I told you this was the second step. :cheesy:

Treasury Tapping Federal Retirement Accounts to Stave Off Default


Published May 16, 2011
| FoxNews.com



Read more: http://www.foxnews.com/politics/201...es-lawmakers-reach-budget-deal/#ixzz1MYGb95dK

 

[WorkFE]

The least they could do is wait 24 hours before starting step 2.

It's amazing how little they know about running the country but know exactly where to get money when they need it.
Must be the second thing they learn after getting elected. First thing is to learn how to forget all the promises and keep a straight face.

 

[markmars]

To true!

The least they could do is wait 24 hours before starting step 2.

It's amazing how little they know about running the country but know exactly where to get money when they need it.
Must be the second thing they learn after getting elected. First thing is to learn how to forget all the promises and keep a straight face.

 

[coolhand]

The way it looks right now, there's a very good chance that the Seven Sentinels give another sell signal today. But that's as of now and not necessarily at the close. There's certainly no shortage of selling interest right now.

 

[crws]

I told you this was the second step. :cheesy:

Originally Posted by nnuut View Post
Treasury Tapping Federal Retirement Accounts to Stave Off Default


Published May 16, 2011
| FoxNews.com



Read more: http://www.foxnews.com/politics/2011...#ixzz1MYGb95dK

Heh ! Next they'll try to bring down the market so we all bail to the G Fund

 

[coolhand]

Treasury Yields May Fall Below 3% on Neckline Breach: Technical Analysis

http://www.bloomberg.com/news/2011-...-3-on-neckline-breach-technical-analysis.html

Banks and Merchants Reload for Fee Battle

http://online.wsj.com/article/SB100...86030.html?mod=WSJ_hp_LEFTWhatsNewsCollection

McDonald's Under Pressure to Fire Ronald

http://online.wsj.com/article/SB100...29610340358394.html?mod=WSJ_hp_LEFTTopStories

The Hidden State Financial Crisis

http://online.wsj.com/article/SB100...1805612.html?mod=WSJASIA_hpp_sections_opinion

Fed Wants Annual US Bank Stress Tests

http://www.cnbc.com/id/43068610

MATT TAIBBI: Here's How Goldman Sachs Lied To Its Customers And Congress

http://www.businessinsider.com/goldman-sachs-lied-2011-5

LED bulbs hit 100 watts as federal ban looms

http://www.usatoday.com/money/industries/environment/2011-05-17-LED-lighting_n.htm

 

[coolhand]

Japan Falls Into Recession After Economy Shrinks 3.7%

http://www.bloomberg.com/news/2011-05-19/japan-s-economy-shrinks-more-than-forecast.html

Lagarde May Stake Claim as First Female IMF Chief

http://www.bloomberg.com/news/2011-...ro-crisis-expertise-trumping-nationality.html

Why Egypt Is Descending Into Sectarian Strife And Lawlessness

http://www.businessinsider.com/why-...violence-and-lawlessness-2011-5#ixzz1MnSUsvtA

Federal workers lash out at benefits cut

http://money.cnn.com/2011/05/18/news/economy/federal_worker_benefits/index.htm?iid=HP_LN

IMF tells Greece to stop dragging its heels over reform

http://www.telegraph.co.uk/finance/...e-to-stop-dragging-its-heels-over-reform.html

 

[coolhand]

Bank of Japan Refrains From Adding Stimulus

http://www.bloomberg.com/news/2011-05-20/boj-refrains-from-adding-stimulus.html

Emerging Equity Funds Post First Outflows in Eight Weeks as Appetite Ebbs

http://www.bloomberg.com/news/2011-...outflows-in-eight-weeks-as-appetite-ebbs.html

Food Inflation in India Seen Acclerating as Farmers’ Costs, Oil Increase

http://www.bloomberg.com/news/2011-...mb-on-labor-energy-costs-commission-says.html

Obama's Israel Surprise

http://online.wsj.com/article/SB100...33314204138294.html?mod=WSJ_hp_LEFTTopStories

You Need To Be Watching What's Developing In Spain Right Now

http://www.businessinsider.com/spain-protest-spainrevolution-2011-5#ixzz1Mt4Bohs6

A Trial Balloon That Could Deflate The Muni Market Even Further

http://blogs.forbes.com/investor/20...t-could-deflate-the-muni-market-even-further/

Chinese Student Takes Aim, Literally, at Internet Regulator

http://www.nytimes.com/2011/05/20/world/asia/20china.html?_r=2&partner=bloomberg

At I.M.F., Men on Prowl and Women on Guard

http://www.nytimes.com/2011/05/20/business/20fund.html?ref=business&pagewanted=all

Dude, Where's My Waiver?

http://www.realclearpolitics.com/articles/2011/05/18/waive_me_109902.html

 

[markmars]

Just amazing you can’t make this stuff up.

McDonald's Under Pressure to Fire Ronald

http://online.wsj.com/article/SB100...29610340358394.html?mod=WSJ_hp_LEFTTopStories

 

[coolhand]

Back in the 70's (and maybe 80's) they were much more high profile. There was always new commercials on TV involving Ronald, The Hamburglar, etc.

Seems that died quite some time ago. Perhaps they didn't need the advertising anymore. Or maybe they don't want to be accused of trying to influence the youth of America in eating an unhealthful diet given the cultural pressures and the fact that obesity is rising.

And then there's the toys in every happy meal... :cheesy:

Just amazing you can’t make this stuff up.

 

[Birchtree]

When I was in college I paid $0.25 for a hamburger from McDonalds - and if it weren't for them there were days I wouldn't eat. The GI bill paid me $110 a month to help with my tuition - how times have changed. My daughter just got $41K as her GI bill to complete her MBA. There are days now that I crave a double fish from McDonalds.

 

[WorkFE]

There are days now that I crave a double fish from McDonalds.

Only on Fridays. Any other time it's the never disappointing Big Mac.

 

[mayday]

Only on Fridays. Any other time it's the never disappointing Big Mac.

I gave up fish for lent.

 

[coolhand]

McDonald's CEO to food police: Hands off Ronald McDonald

http://www.cbsnews.com/8301-504763_162-20064398-10391704.html

 

[coolhand]

http://www.youtube.com/watch?v=en4muUSIRT4&feature=related

http://www.youtube.com/watch?v=YWVQpJgPgIU&NR=1

http://www.youtube.com/watch?v=TQE7avQPSMI&NR=1

 

[coolhand]

I got ya covered Birch.

http://www.youtube.com/watch?v=bLRszMqJ9vI&feature=related

There are days now that I crave a double fish from McDonalds.