Show-me Account Talk

[Birchtree]

I'm just happy that I'm not an irascible fellow.

 

[Steadygain]

Went to check up for the kid Thursday and he can try half days at school starting today. Unbelievable!!! Thank you God for sending me to the right surgeon and healing my son!!!.

Amen !!! To Him be All Honor and Glory !!!!


As for the other stuff - everything that has been hidden will be revealed. I'm honestly thrilled to pieces to see all this stuff finally comming out in the open.

Just a quick side note - someone tapped into my checking account a few years back and I have a Savings Account to always keep it well supplied. Well this little sneek took out just enough to not sound alarms but did it so often it wiped my accounts to zero.

I share this because I was so anxious to 'Nail' whoever it was. Well the bank immediately gave me every penny back that was taken. When I talked with the guy in charge - he said if I tried to get this guy on my own - I would not be able to utilize all the services and power they had available and he assured me they would most certainly not hold anything back.

SO TO ME - THE WONDERFUL NEWS IS - as these things come to light the consequences will unavoidable.

 

[justbizness45]

Congrats Show. Your son's surgeon was truely a blessing!! Keep us posted my friend!!

 

[Show-me]

Real quick, C fund , S fund, I fund, NIKK, and USO have all tested the 50 dma to the upside and now it acts as resistance. S&P has additional resistance at 805 or there abouts.

The dollar took a bath yesterday and broke support of the 50 dma but it has not confirmed yet. One day does not make a trend but it does make you go hmmmmm.

I'm happy to be in the G fund right now because we are at the top of a channel (Oscar) and agains at least two forces of resistance, 805 and moving average.

 

[Guest2]

Real quick, C fund , S fund, I fund, NIKK, and USO have all tested the 50 dma to the upside and now it acts as resistance. S&P has additional resistance at 805 or there abouts.

The dollar took a bath yesterday and broke support of the 50 dma but it has not confirmed yet. One day does not make a trend but it does make you go hmmmmm.

I'm happy to be in the G fund right now because we are at the top of a channel (Oscar) and agains at least two forces of resistance, 805 and moving average.

Thanks Show, insightful as always !

 

[Show-me]

Chavez Cuts Spending, Raises Tax in Anti-Crisis Moves

By Daniel Cancel and Jose Orozco
March 21 (Bloomberg) -- Venezuelan President Hugo Chavez said he cut government spending and raised the country’s value- added tax by 3 percentage points to offset a plunge in oil prices and protect the economy from the global financial crisis.
Venezuela will reduce spending 6.7 percent to 156.4 billion bolivars ($72.8 billion) this year, Chavez said in comments on state television during a meeting with ministers in Caracas. The government won’t devalue the currency or raise gasoline prices, the lowest in the world at 17 cents a gallon, he added.

He at least knows how to cut spending. OMG, we are doomed!:worried:

 

[hessian]

And, there off, to a big start out of the gates this morning.
Wonder what the 1000/1030 turn-around time will bring?
(Notice we seem to have a 1200 turn-around time now also?):notrust:

Personally I'm stuck as many I suspect until April, so just an observation.
- This 2 IFT/mo. limit rule sure really is LIMITING!! (Its limiting our ability to make retirement!)
Congrats, for those that made out this month.
VR

 

[Show-me]

EU presidency: US economic plans 'a way to hell'

Czech premier, currently European Union president, calls US economic measures 'a way to hell'

• <LI class=byline>Raf Casert, Associated Press Writer
• Wednesday March 25, 2009, 7:17 am EDT

http://finance.yahoo.com/news/EU-presidency-US-economic-apf-14737788.html

 

[JTH]

EU presidency: US economic plans 'a way to hell'

Czech premier, currently European Union president, calls US economic measures 'a way to hell'

• <LI class=byline>Raf Casert, Associated Press Writer
• Wednesday March 25, 2009, 7:17 am EDT

http://finance.yahoo.com/news/EU-presidency-US-economic-apf-14737788.html

I heard that this morning on the radio and thought to myself. Why do we care what the Social Euros think? Is it a compliment? Heck I don't know what to think about it.

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market," said Topolanek.

 

[nasa1974]

I heard that this morning on the radio and thought to myself. Why do we care what the Social Euros think? Is it a compliment? Heck I don't know what to think about it.

The problem is how will the European markets buys into the news. Will it have a plus or minus conclusion. :blink:

 

[WorkFE]

Normally if the Euro's don't like it, that means they are probably ending up with the short end of the stick which I don't doubt.

 

[justbizness45]

I heard that this morning on the radio and thought to myself. Why do we care what the Social Euros think? Is it a compliment? Heck I don't know what to think about it.

"Americans will need liquidity to finance all their measures and they will balance this with the sale of their bonds but this will undermine the liquidity of the global financial market," said Topolanek.

Same guy that just got kicked out of office on a "no confidence" vote. However, I think he is correct, all this spending is going to cause a lot of problems later this year.:blink:

 

[Show-me]

My two cents, this is the problem coming to a head. Big spending from government will not solve the problem. Call it a social agenda or just **** poor planning. You can not solve this problem of over leveraged, over extended, or too much credit by borrowing more money and spending it on pet government projects.

Borrow to spend and hope it jump starts the economy is not sound fundamentally. We need real jobs, jobs that produce a product that people want or need and we need to do it better than other country competitors.

All the money the Administration is planning to spend is contingent on one thing the ability to sell our Treasuries to raise the capital needed because we are BROKE!

http://seekingalpha.com/article/127941-poor-treasury-auction-results-rattle-investors

Poor Treasury Auction Results Rattle Investors

by: Rolfe Winkler, CFA March 26, 2009

On the heels of Britain’s failed debt auction yesterday, our Treasury had its own trouble selling bonds. WSJ:

The indirect bid — demand from domestic and foreign institutions, including foreign central banks — for the $34 billion five-year Treasury note auction was 30%, compared to 48.9% from the previous auction in February and an average of 30.1% for the last 10 auctions.
The 10-year note declined 18/32, pushing its yield back up to 2.77%. The yield had fallen to around 2.50% last week after the Federal Reserve unveiled its plan to buy longer-term government debt.
​

Bloomberg noted the following:

U.S. securities dropped even after the Federal Reserve today bought $7.5 billion of Treasury notes, its first targeted purchases of U.S. securities since the early 1960s. The five- year auction drew a yield of 1.849 percent.
“This caught a lot of people unaware,” said Bulent Baygun, head of interest-rate strategy in New York at BNP Paribas Securities Corp., one of the 16 primary dealers that are required to bid at Treasury auctions. “Prior to the auction the Fed conducted its purchases of Treasuries, which may have compressed interest rates below where they would have been otherwise.”
​

Reader Ted asked in the comments earlier yesterday why I have such a big problem with budget deficits and with debt. It’s a good question, in light of all the posting I’ve done on the subject recently. Problem 1: it’s a matter of national security. To the degree our government isn’t able to fund itself, that may compromise our national interests. Problem 2: Crowding Out. The more debt Treasury dumps onto the market, the more upward pressure will be placed onto interest rates across the credit spectrum. As painful as it would be, letting the system de-leverage now would be preferable to racking up yet more debt to be worked off later.
Will the market be able to absorb the $2.5 trillion worth of Treasurys that Goldman says we’re on pace to sell in 2009?

 

[Show-me]

What ever happened to cutting spending to balance the budget. Now Washington does nothing but spend money on pet projects in hopes it will create a few jobs.

This is ridiculous, I have a household budget and I am deep in dept. Do I borrow more money and spend it in the hope it creates a job for me? What dumb ass would lend me the money?

Freeze all pay and bonuses.

Shut down all not essential projects.

Shut down all none essential parts of government.

Stop all foreign aid and all subsidies.

Go to four day work week if necessary but we need to cut spending.

Not remodeling projects, no new vehicles, etc.


We need cuts not spending!

 

[Gumby]

What ever happened to cutting spending to balance the budget. Now Washington does nothing but spend money on pet projects in hopes it will create a few jobs.

This is ridiculous, I have a household budget and I am deep in dept. Do I borrow more money and spend it in the hope it creates a job for me? What dumb ass would lend me the money?

Freeze all pay and bonuses.

Shut down all not essential projects.

Shut down all none essential parts of government.

Stop all foreign aid and all subsidies.

Go to four day work week if necessary but we need to cut spending.

Not remodeling projects, no new vehicles, etc.


We need cuts not spending!

Show-me

You make way to much sence. Run for the Senate and I'll vote for you!

 

[Show-me]

We need to make sacrifices and start thinking out of the box. The box is spend, spend, spend, tax, tax, tax, borrow borrow, borrow.

 

[Show-me]

Show-me

You make way to much sence. Run for the Senate and I'll vote for you!

Thanks, problem is the majority of the great democracy don't get it and are not willing to make any sacrifice. That and the damn Hatch Act.

 

[Guest2]

Thanks, problem is the majority of the great democracy don't get it and are not willing to make any sacrifice. That and the damn Hatch Act.

Show, it would be like urinating with the wind at your face.
I'd vote for ya too, but I wouldn't wish that on anyone !

 

[CountryBoy]

What ever happened to cutting spending to balance the budget. Now Washington does nothing but spend money on pet projects in hopes it will create a few jobs.

This is ridiculous, I have a household budget and I am deep in dept. Do I borrow more money and spend it in the hope it creates a job for me? What dumb ass would lend me the money?

Freeze all pay and bonuses.

Shut down all not essential projects.

Shut down all none essential parts of government.

Stop all foreign aid and all subsidies.

Go to four day work week if necessary but we need to cut spending.

Not remodeling projects, no new vehicles, etc.


We need cuts not spending!

Behind ya 100% Show-me, just let me know what office you're running for.

CB

 

[vic]

the biggest fallacy I see to the budget is all the unneeded spending.some spending to create jobs is good, as long as it is creating long term employment. Health care is something we can not afford right now. I think it could be tweeked to make it more affordable for the masses with out gov't interfersance. I agree to then cut out all other expenses that do not create long term emplyment. Freeze all wages, suspend COLA, go item by item on all spending. It is a bad time to halt defense spending. We need to take care o the dollar value. Korea in my opinion is looking for a war, backed by the Chineese who have been building up their milatary. World is a very dangerous place right now