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| Philly Fed: Now THAT Is A Disaster in forum [Market-Ticker]
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Bsfootprint
Posts: 967
Incept: 2011-02-27
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All I can say is...  Edit: What does Oil know that stocks don't? ZeroHedge points out the obvious: Quote:With West Texas Intermediate crude oil trading with an $80 handle, near two year lows, while stocks remain within a few percent of their four-year highs, one has to question just what it is that stocks believe about our bright new future of growth and demand that the all-important energy markets do not. Between Europe's recession, last night's dismal China PMI, and a significantly trending rise in US unemployment claims, it seems more likely that the global demand picture painted by the oil market is a better reflection of reality than the earnings/multiple picture painted by the nominal price of US equities. We know that bad is good when it comes to the front-running of Bernanke's print button but wouldn't bad being good raise the USD-nominal price of oil also? http://www.zerohedge.com/news/what-does-....
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When I hear central bankers are blowing bubbles, I like to picture a large, happy and well-endowed male chimp named 'Bubbles'...
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Trades50
Posts: 4218
Incept: 2007-10-30
Land of Tax and Spend
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Quote: we didn't purge the bad debt and overcapacity, instead choosing to protect the imprudent. Their on the business channels touting the need for big international banks again. Is that preparing us for a bailout in case derivatives blow up? I do see more storefront vacancy signs than I did 2 years ago.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Uppity_peasant
Posts: 3121
Incept: 2009-06-26
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Trades wrote..I do see more storefront vacancy signs than I did 2 years ago. No, Trades - that's just that giant new nation-wide chain, "Space Available".
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If it's true that "assault weapons" are "weapons of war" and don't belong on the streets of America, why do the police need them? Who are the police at war with?
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Preidt2
Posts: 552
Incept: 2009-07-31
spokane/wash
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why con,s and senut's get paid when they do nothng responsible for years. Confused cowards or bought off......paralized insanity......
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Puppets Under Destruction
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Debtpie
Posts: 534
Incept: 2009-12-17
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One of the best investments this week....drum roll...FaceBook!...up 11%!..it was up even when the DOW tanked 250...
What a screwed up world we live in.
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"Trades wrote..I do see more storefront vacancy signs than I did 2 years ago."
Empty strip malls have filled in around here...question is...are they making money..."surviving"...or running at a loss?
Based on the foot traffic I see, they are "surviving" at best.
Major local home interiors (Carpet, tile, etc.) store abruptly closed it's 7 stores this week...apparently interior remodeling is not doing well...despite the local NAR crowing about strong sales and "great time to buy a house"...sure rates are great...but if the value falls, 10, 20, 40% in the next decade...your are royally screwed...great rates be damned!
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Zero interest auto financing is now a solid decade old...I wonder when home builders will begin offering 10 or 15 year no interest loans (with 20% down and good credit)?
$200 - $40k = $160k ...$160k/180months = $889 monthly house payment...cheaper than rent...
Why not cut out the banks? Imagine how those houses would fly off the shelves with a deal like that...
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A Leader, or an Opportunist? "A leader has the capacity of vision, the ability to see where things are headed before people in general see those things." Mitt Romney --- DebtPie's definition: a leader decides where "things" should head and "leads" us there.
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Digitlman
Posts: 335
Incept: 2011-03-04
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I have noticed in the last few days that Gen fires off a Ticker or two in the morning, then isn't heard from for the rest of the day.
Methinks he is spending the days working on one or more the political campaigns he has given support for.
Or is on a limited vacation.
Either way is fine by me ;-)
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Asimov
Posts: 104066
Incept: 2007-08-26
East Tennessee Eastern Time
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He's been working. Not sure exactly what though.
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Asimov
Posts: 104066
Incept: 2007-08-26
East Tennessee Eastern Time
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He needs to go on a real vacation. The market always crashes when he does. :P
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Sharon
Posts: 4354
Incept: 2008-02-10
Odessa, Missouri
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Maybe it's just my local area, but there was never any recovery of any kind here, and I'm talking over the past ten years, except for the real-estate boom period.
The economy here has been in a continual downward slide since about 2001. Back in 2001, we had every kind of business you can imagine in this town: florists, chocolatiers, booksellers, fancy china and kitchenware, etc. Now these are all gone. For awhile, after the local hardware store closed, we didn't have a hardware store. (There were two in 2001.) The town's factory--and largest employer--closed several years ago. Other large employers of local people are gone.
There never was a recovery, as far as I could tell.
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Semper ubi sub ubi.
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Genesis
Posts: 130798
Incept: 2007-06-26
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Yep.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Asimov
Posts: 104066
Incept: 2007-08-26
East Tennessee Eastern Time
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I see just as many for sale signs (if not more) than I did 3-4 years ago.
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It's justifiably immoral to deal morally with an immoral entity.
If you trade based on what other people say, you will lose money. Especially what I say. I won't be held responsible. Festina lente.
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Pcaldallas
Posts: 1343
Incept: 2009-03-02
Unicorn Ranch
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Here in Dallas I have a friend who works retail at the Gap and Sur La Table. Both have cut her hours due to extremely low customer traffic and sales.
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"The appearance of law must be upheld, especially when it's being broken." - Boss Tweed, Gangs of New York
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Bagbalm
Posts: 4263
Incept: 2009-03-19
Just North of Detroit
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Oakland county MI is sustained by the rescue of the automakers and channel stuffing. The areas like Rochester and Oakland township and Bloomfield Hills are fine. Go to Pontiac or Hazel Park or Ferndale and reality hits. Businesses closed, houses sitting empty and far fewer support jobs making auto parts and servicing the big three anymore.
Detroit is broke and nobody will allow it to be fixed. It may be a sewer but it's their private sewer and they will not give up an inch of power to the state while a dollar exists to be skimmed.
I live sixteen miles outside Detroit and I'm concerned when things get really bad I may have to throw our bugout bags in the truck and leave. I can see the day close.
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Dji
Posts: 1245
Incept: 2009-04-21
Ponzi world 3rd rock from the sun
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Hey Gen notice no one talks about CRE any more ? Tons of free rent signs at all the empty strip malls here in JAX
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Don't be a bag holder-Me
What goes up Must come Down- Alan Parsons Project
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Mannfm11
Posts: 3556
Incept: 2009-02-28
DFW, Tx
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I was listening to blowhard (Cramer) this morning and one of those restaurant outfits reported a 10% drop in business (Red Lobster and Olive Garden). I do a lot of my writing from an old restaurant in town, what I call a Greasy spoon that serves all the crap you like, but will kill you. There are lunches where I would estimate the business is off 20% or more. They still do a knockout Saturday and Sunday, but the week business is down.
What I get a kick out of is the bankers thumbing their noses at Moody's. Down grade them and they all go up. Really think the public and others are moving these stocks? I recall reading Mania's, Panics and crashes. There was some bank in the 1870's that blew up. They were dealing in their own stock, trying to give the appearance they were solvent through the stock market. I recall these outfits crying about the shorts beating down their stock so they couldn't raise capital (liquidate their stock options). The pigs run as fast as they can to liquidate their businesses when they are making fake profits, then cry they can't get others to hold the bag. Those holding those stocks are akin to the people listening to the band on the Titanic while others are exiting on the life rafts. I guess the market had already estimated they were in worse shape than where they were downgraded. Think we are about to find out if their shoe polish is really polish.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Genesis
Posts: 130798
Incept: 2007-06-26
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Its actually ****
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Tickergroupie
Posts: 431
Incept: 2010-03-24
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Sharon and Pcaldallas,
My thoughts on that: People are crapped out!
Seriously, the consumers of this country have been on a non-stop buying binge for many years now. How much stuff can people accommodate? Even if you still have a job and money to spend, after a while acquiring more stuff just gets downright boring.
Or maybe it's just me.
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Lenguado
Posts: 1272
Incept: 2010-01-12
Orlando, FL
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Quote:The surveys indicators of future activity remained positive and improved slightly, suggesting that the current weakness in activity is expected to be short lived. Yeah, just like my flacid man organ.... MORE VIAGRA!!! MORE VIAGRA ~ NOW!!! Pump It UP!!!  See, I don't have ED! Hurry though, if this rigidity stays up longer than 4 hours, I need to go to the hospital... The parallels are uncanny....
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I just realized... they aren't saying, "Keynesian Economics" they're saying "Kenyansian Economics". Grass Huts for everyone!  Welcome to historys first Double Dip Depression |
Widgeon
Posts: 13481
Incept: 2007-08-30
Region formerly known as the United States
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amerikans love to shop. Accessibility of shopping is how they define "phreedom."
Pathetic.
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Tritumi
Posts: 166
Incept: 2008-11-29
tokyo
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Wjkins
Posts: 85
Incept: 2008-02-25
charleston, s.c.
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+1 Widgeon.. great point
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Flappingeagle
Posts: 1229
Incept: 2011-04-14
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There is something that I started to notice 20 years ago and never really attached the correct importance to. I am naturally "tight" with my money and this phenomenon came about from the rest of society which of course is much different than me. In hindsight I should have spent more time on this and I would have figured it out but, I had other things on my mind so I dropped it but, it was there for me to see!
There is a television show aobut it now that is kind of fun to watch. I watch it with my 11 yo daughter as it is one that we both like so it makes for father/daughter time. The name of the show? Storage Wars.
Years ago I thought to myself, how can people have so much stuff that they need to rent a storage locker to keep it? How can they afford so much? Well of course they were charging it the whole way. Being a cash kind of guy I just couldn't grasp that behavior in passing at the time.
Yes, I think we have a long way to go on the downside...
Flap
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Here are my predictions for everyone to see:
S&P 500 at 320, DOW at 2200, Gold $300/oz, and Corn $2/bu.
"You can't build a house of cards on a shaking table." - Tony Johns
The January 2015 AMZN put at $130 (cost $4.25) will be a winner.
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