The Monkey Bar

[jon]

Another bond problem? The Jefferson Co. AL 3.2 billion sewer bond default maybe the first of another wave resulting from converting fixed rate bonds 4 yrs ago to variable rate and interest rate swaps. It was supposed to save the county millions, so claimed one of the 5 gulible JC commissioners then, Larry Langford and now new Mayor of Birmingham.

The public was left out of the discussion and decision then, like now. Letters to the editorial page of B'ham News have called for public discussions and disclosure on full aspects and consequences of a possible Ch 9 Bk by the county. We are still waiting. No doubt the underwriters and bond insurers are carefully monitoring all similar bonds that they hold and insured, but is anybody in Congress or the Administration aware of the total amount of these slick muni bonds outstanding in the US?

http://www.bloomberg.com/apps/news?pid=20602007&sid=a4I6IcYPqovA&refer=rates

 

[The_Technician]

I dunt no bout u guys but its seems the economic news calendar this week is gloomy at the least.....looking for a mid April crises in the markets and for it not to regain confidence thru the summer.....

time to get the coppertone and relax....

Beer for everyone Bartender!!!

Carnac

 

[The_Technician]

I dunt no bout u guys but its seems the economic news calendar this week is gloomy at the least.....looking for a mid April crises in the markets and for it not to regain confidence thru the summer.....

time to get the coppertone and relax....

Beer for everyone Bartender!!!

Carnac

What is bothersome....about this election prospect.....

All I see is there seems to be a lot of profit protection for corps and virtually no protection for the rest of the country going into a dismal spiral down.....

Where is the plan of attack to protect the country/citizens as a whole from the world economic vultures....???

Maybe someone can tell us all.....but it is bothersome.....

I wonder what the kids of today are going to be doing for jobs
tomorrow......

 

[kar_crazy]

it has to be beer thirty somewhere bar keeper pass one around on the house

 

[Fivetears]

24 Minutes to BEER O-Clock!

 

[nnuut]

Damn! DON'T Drink it all!, I'll be there as soon as I Can!!:nuts:

 

[kar_crazy]

Damn! DON'T Drink it all!, I'll be there as soon as I Can!!:nuts:

ok me and FT will wait on you but you must bring your own beer bong to catch up :laugh::blink::nuts:

 

[Fivetears]

Hold On KC!!!! I got 'em covered!!!

EVERYBODY!
IT'S BEER O-CLOCK!

 

[nnuut]

SARRY Butt I got drunker than a and couldn'tt find my way bak to hair!!View attachment 4147

 

[The_Technician]

SARRY Butt I got drunker than a and couldn'tt find my way bak to hair!!View attachment 4147

Been thar done that Nnutt.....looking good for the down ward goal below 1200....

Whisky!!

Carnac

 

[nnuut]

You will probably find it, "He Who Knows All"View attachment 4212

 

[The_Technician]

You will probably find it, "He Who Knows All"View attachment 4212

Did ya'll hear about all the ammo was bought up in the S. Carolina walmart stores???

Yeah, rumor has it that the locals heard on the news that the Russians attacked Georgia and they were now headed north!!!!


:blink:

 

[The_Technician]

What is bothersome....about this election prospect.....

All I see is there seems to be a lot of profit protection for corps and virtually no protection for the rest of the country going into a dismal spiral down.....

Where is the plan of attack to protect the country/citizens as a whole from the world economic vultures....???

Maybe someone can tell us all.....but it is bothersome.....

I wonder what the kids of today are going to be doing for jobs
tomorrow......

Words posted in April 08......it keeps ringing in my head......been drinking too much beer!!!

oH the Humanity!

 

[poolman]

Words posted in April 08......it keeps ringing in my head......been drinking too much beer!!!

oH the Humanity!

LOL, I went to the local CVS today to get some beer. All the beer shelves were empty.

 

[hessian]

LOL, I went to the local CVS today to get some beer. All the beer shelves were empty.

Hi Poolman,
Good laugh, but it made me wonder...
If before too long if "other shelves" might begin to show less as well. :worried:
Well, I suppose that's too much gloom to even consider.

 

[coolhand]

I was walking past the Mental Hospital the other day, and all the patients were out in the yard chanting, 13....13....13. The fence was too high to see over, but I saw a little hole in the planks and looked through to see what was going on.

Some bastage poked me in the eye with a stick.

Then they all started chanting 14....14....14.....

 

[poolman]

Hi Poolman,
Good laugh, but it made me wonder...
If before too long if "other shelves" might begin to show less as well. :worried:
Well, I suppose that's too much gloom to even consider.

No Hessian, I think this could happen with lot's of things.

Honestly I was surprised to see hardly any beer at all. I'm starting to feel

scared. Now people are starting to talk in my Wifes office about

the stock market. Fear and Reality is starting to set in. All the NeWS

everyday now Sux. Election Year... OMG.... The

http://www.tsp.gov/rates/share-prices.html

prices look scary. I - Fund down $10.00 from it's Highs.

But I guess no pain, No gain...

 

[The_Technician]

Ohhhhh.....just got thru on that drinker bing thingy....saw the debate, and I'm still debating who won......I know it ain't the people of this country though....

U know, the citizens have really been misguided, for 30 or so years overall.....lack of education on the history of our govt, how it works, and how our economy works......this is going to do us wrong I'm afraid if things don't go right in the next several years. This socialist attitude that Obamawhama has never worked, it never willl and it will be 20-30 years to recover from it if gets hold. Its funny, the very people who will elect someone like that, don't have the education, if they did they don't use it, will pay the price....so will their children....it's a spiral down....and that direction is a 3 letter word (Bidden)!

U can argue against this point, but I really haven't been wrong in the economic direction for many years now. I knew this was coming our way in 1990...it was just a matter of when.

So the question is what does the future hold.....?? Will it be worth investing and getting highly taxed so that someone who sit around collecting checks gets some of it......I remember a story in the colonies once, when they first settle, it was about the lazy people getting a choice, work or leave....seems rather American don't it.

We need less taxes, a good environment to produce product, and fair pricing...not like the gluttenous profits of the last several years....
Carnac

 

[nnuut]

Yes!View attachment 4907

 

[The_Technician]

Yes!View attachment 4907

Sobering thought...seems we have some similarities today....wonder what the numbers will be in these areas in the next year?


Effects of the Great Depression

• 13 million people became unemployed.
• Industrial production fell by nearly 45% between the years 1929 and 1932.
• Home-building dropped by 80% between the years 1929 and 1932.
• From the years 1929 to 1932, about 5000 banks went out of business.