sell! sell! sell!

[FrankieCarbone]

Yeah, the dollar looks real solid right now. At an all time low against other major currencies. Gold is up to $740/oz. Don't give me this inflation is down bullshit. Here is how the government calculates inflation. It's pure manipulation of numbers.

http://www.mises.org/story/2302

And don't give me the bullshit how a weak dollar is good for exports. What the hell do we export anymore? We don't produce anything here in the U.S., it's all made in China!

Consumer spending is up and inflation is down. DOW near alltime record and America remains STRONG

http://www.marketwatch.com/news/sto...x?guid={737E670B-13C7-46B6-A28F-BC0568194C39}

Makes one wonder where some of these guys get their info fromhola

 

[VaultedTreehouse]

Consumer spending is up and inflation is down. DOW near alltime record and America remains STRONG

http://www.marketwatch.com/news/sto...x?guid={737E670B-13C7-46B6-A28F-BC0568194C39}

Makes one wonder where some of these guys get their info fromhola

Apparently you didn't read the multitude of articles in here about the situation. I'm also on record as saying I see 15.5k for the Dow by the end of January. Money created has to go somewhere. It will prop consumer spending too....Explain materials and PMs having their best month in 32 years. Why?

 

[eek.]

Eek,got a source for your post (lol)? Now tell us what the positive yield curve is universally accepted as indicating?

Aint got a clue Basey.
You're the sales chap, I'll let you enlighten us poor fools.

:toast:

 

[stonebreaker]

Yeah, the dollar looks real solid right now. At an all time low against other major currencies. Gold is up to $740/oz. Don't give me this inflation is down bullshit. Here is how the government calculates inflation. It's pure manipulation of numbers.

http://www.mises.org/story/2302

And don't give me the bullshit how a weak dollar is good for exports. What the hell do we export anymore? We don't produce anything here in the U.S., it's all made in China!

Weaker dollar will mean our manufacturing jobs will be coming back to America as it will now be cheaper to produce goods in the good ole USA.

 

[stonebreaker]

Apparently you didn't read the multitude of articles in here about the situation. I'm also on record as saying I see 15.5k for the Dow by the end of January. Money created has to go somewhere. It will prop consumer spending too....Explain materials and PMs having their best month in 32 years. Why?

PM's are going up now because the dollar is going down......but this is only temporary. Think the Europeons or Canadians want a high dollar:howdy:

They will be cutting rates bigtime to devalue their currencies in oder to compete with US worker.

BTW, just wait untill they declare gold ownership illegal and confiscate it like they always have when speculators get to greedy....can u say $300/oz or less again:lol:

Thats why they call it fool's gold:lolBIG:

 

[Willie99]

Weaker dollar will mean our manufacturing jobs will be coming back to America as it will now be cheaper to produce goods in the good ole USA.

Stonebreaker

been there, done that

welcome aboard

hope to see you stick around these here parts

 

[Willie99]

Could you find a more obscure source than this? Why did the fed stop reporting M3 data? Why don't they just tell us how much they're printing? I don't think they can because the amount is obscene and close to embarrassing.

That's ok. We'll just keep letting China accumulate trillions in excess cash and let them buy all the U.S. assets, businesses, and real estate they would like. They won't have to go to war with us, they will own a majority of this country in 20 years if we keep it up.

More obscure source? hno:

I'm thinking the economist I linked as forgotten more about money supply theory than all we Rxers know as a whole.

I'll provide the link again. He's not unreasonable and provides a detailed explanation of how the system works. You tell me where he's wrong.

http://www.econbrowser.com/archives/2007/09/money_creation.html

 

[Willie99]

Woofy, I know you like this thread.

Off to watch the Huskies spank one of your MAC boys. Laying the wood, what do you think?

:toast:

 

[Brooklynbomber]

after reading the last 5 posts...it is obvious our schools have a severe deficiency in teaching economics

at first it bothered me. How the fuck can people be so ignorant? but alas, it is indeed the mostly schools fault with a heavy helping of our illustrious media.

I suppose it is a good thing, it allows me to buy commodities at a very cheap price right now. Once the media begin to trumpet it, all the sheep will jump on board, prices will skyrocket, and I will be selling and making another fortune. Same thing happened in 1980, and with RE in 1990, NAZ in 2000, RE in 2005. You guys make it too easy . Thanks!

 

[VaultedTreehouse]

after reading the last 5 posts...it is obvious our schools have a severe deficiency in teaching economics

at first it bothered me. How the fuck can people be so ignorant? but alas, it is indeed the mostly schools fault with a heavy helping of our illustrious media.

I suppose it is a good thing, it allows me to buy commodities at a very cheap price right now. Once the media begin to trumpet it, all the sheep will jump on board, prices will skyrocket, and I will be selling and making another fortune. Same thing happened in 1980, and with RE in 1990, NAZ in 2000, RE in 2005. You guys make it too easy . Thanks!

You can lead them to water but you can't make them drink.

 

[yawn]

BTW, just wait untill they declare gold ownership illegal and confiscate it like they always have when speculators get to greedy....can u say $300/oz or less again:lol:

Thats why they call it fool's gold:lolBIG:

When speculators get to greedy? ...
Or when hard earned fiat was used to accmulate wealth instead of accumulating more fiat?

So if price manipulation doesn't work, they will just steal to keep enslavement..

Sounds like they have a solid plan for the american public..

I really tried to stay out of this econ 101 vs econ .001 thread.

But I had also had an epiphony during the coarse of this thread, so I will say thanks to all that contributed.

 

[BASEHEAD]

Yeah, the dollar looks real solid right now. At an all time low against other major currencies. Gold is up to $740/oz. Don't give me this inflation is down bullshit. Here is how the government calculates inflation. It's pure manipulation of numbers.

http://www.mises.org/story/2302

And don't give me the bullshit how a weak dollar is good for exports. What the hell do we export anymore? We don't produce anything here in the U.S., it's all made in China!

This is a list of countries by exports, based on The World Factbook. For comparison purposes, some non-sovereign entities are included in this list; however, only sovereign territories are ranked.
<TABLE class=wikitable><TBODY><TR><TH>Rank</TH><TH>Country</TH><TH>Exports
Million US$</TH><TH>Date of Information</TH></TR><TR><TD>—</TD><TD>World <SMALL>(sum of all countries)</SMALL></TD><TD>12,440,000</TD><TD>2004 est.</TD></TR><TR><TD>—</TD><TD>European Union <SMALL>(external trade only)</SMALL></TD><TD>1,330,000</TD><TD>2005</TD></TR><TR><TD>1</TD><TD>Germany</TD><TD>1,133,000</TD><TD>2006 est.</TD></TR><TR><TD>2</TD><TD>United States</TD><TD>1,024,000</TD><TD>2006 est.</TD></TR><TR><TD>3</TD><TD>People's Republic of China</TD><TD>974,000</TD><TD>2006 est.</TD></TR><TR><TD>—</TD><TD>Hong Kong</TD><TD>611,600</TD><TD>2006 est.</TD></TR><TR><TD>4</TD><TD>Japan</TD><TD>590,300</TD><TD>2006 est.</TD></TR><TR><TD>5</TD><TD>France</TD><TD>490,000</TD><TD>2006 est.</TD></TR><TR><TD>6</TD><TD>United Kingdom</TD><TD>468,800</TD><TD>2006 est.</TD></TR><TR><TD>7</TD><TD>Italy</TD><TD>450,100</TD><TD>2006 est.</TD></TR><TR><TD>8</TD><TD>Netherlands</TD><TD>413,800</TD><TD>2006 est.</TD></TR><TR><TD>9</TD><TD>Canada</TD><TD>405,000</TD><TD>2006 est.</TD></TR><TR><TD>10</TD><TD>Belgium</TD><TD>335,300</TD><TD>2006 est.</TD></TR></TBODY></TABLE>


---------------------------
Youre right the US makes nothing.

 

[Romanowski]

manufacturing coming back in a big way theres some truth to what stonebreaker is saying

 

[FrankieCarbone]

I never said we didn't make anything, I was simply pointing out that our manufacturing base has been pretty much wiped out compared to what it used to be only a few decades ago.

Also, you never mentioned/refuted the main point of my post which was inflation.

This is a list of countries by exports, based on The World Factbook. For comparison purposes, some non-sovereign entities are included in this list; however, only sovereign territories are ranked.
<table class="wikitable"><tbody><tr><th>Rank</th><th>Country</th><th>Exports
Million US$</th><th>Date of Information</th></tr><tr><td>—</td><td>World <small>(sum of all countries)</small></td><td>12,440,000</td><td>2004 est.</td></tr><tr><td>—</td><td>European Union <small>(external trade only)</small></td><td>1,330,000</td><td>2005</td></tr><tr><td>1</td><td>Germany</td><td>1,133,000</td><td>2006 est.</td></tr><tr><td>2</td><td>United States</td><td>1,024,000</td><td>2006 est.</td></tr><tr><td>3</td><td>People's Republic of China</td><td>974,000</td><td>2006 est.</td></tr><tr><td>—</td><td>Hong Kong</td><td>611,600</td><td>2006 est.</td></tr><tr><td>4</td><td>Japan</td><td>590,300</td><td>2006 est.</td></tr><tr><td>5</td><td>France</td><td>490,000</td><td>2006 est.</td></tr><tr><td>6</td><td>United Kingdom</td><td>468,800</td><td>2006 est.</td></tr><tr><td>7</td><td>Italy</td><td>450,100</td><td>2006 est.</td></tr><tr><td>8</td><td>Netherlands</td><td>413,800</td><td>2006 est.</td></tr><tr><td>9</td><td>Canada</td><td>405,000</td><td>2006 est.</td></tr><tr><td>10</td><td>Belgium</td><td>335,300</td><td>2006 est.</td></tr></tbody></table>


---------------------------
Youre right the US makes nothing.

 

[BASEHEAD]

I never said we didn't make anything, I was simply pointing out that our manufacturing base has been pretty much wiped out compared to what it used to be only a few decades ago.

Also, you never mentioned/refuted the main point of my post which was inflation.

'We don't produce anything here in the U.S., it's all made in China!'

But you did,excuse me for assuming you say what you mean.

Did you ever think the outside world is expanding and that its not good business for US to try to slow globalization? Were still #2 in exports.The issue really lies only with China.

An extremely weaker dollar as Ive stated before is not an ideal situation but its not the end of the world.The strength/weakness of the dollar hardly correlates to good or bad times in the US economy,look back and see.It was a choice-ravage the US economy or sink the dollar temporarily.At least one scenario presents real benefits,though limited its better than recession.Exports should increase here dramatically as the rates go even lower and the dollar perhaps devalued a little further,thats why your inaccurate depiction of the US export business was worth bumping.

Theres a huge market here in America that will benefit from this part of the cycle.

 

[juicemaster]

If you consider the ammount of value the dollar has lost recently the "gains" in the market are an illusion, it's been going sideways for a long time. All commodities are becomming more expensive, oil, gas, precious metals, food, etc. The DJIA may not be going down in numbers but it is tanking in terms of real value.:wink:

 

[cussin'it]

'We don't produce anything here in the U.S., it's all made in China!'

But you did,excuse me for assuming you say what you mean.

Did you ever think the outside world is expanding and that its not good business for US to try to slow globalization? Were still #2 in exports.The issue really lies only with China.

An extremely weaker dollar as Ive stated before is not an ideal situation but its not the end of the world.The strength/weakness of the dollar hardly correlates to good or bad times in the US economy,look back and see.It was a choice-ravage the US economy or sink the dollar temporarily.At least one scenario presents real benefits,though limited its better than recession.Exports should increase here dramatically as the rates go even lower and the dollar perhaps devalued a little further,thats why your inaccurate depiction of the US export business was worth bumping.

Theres a huge market here in America that will benefit from this part of the cycle.

Precisely

Ok, mofo, where do I send the 20 clams worth of Hog dung to? :finger:

BTW, actually happy to have lost that wager. :toast:

 

[VaultedTreehouse]

If you consider the ammount of value the dollar has lost recently the "gains" in the market are an illusion, it's been going sideways for a long time. All commodities are becomming more expensive, oil, gas, precious metals, food, etc. The DJIA may not be going down in numbers but it is tanking in terms of real value.:wink:

What I've been saying for months.:toast:

 

[BASEHEAD]

So can either of you quantify the loss for us?

Cuss: dont worry bro,were good.

 

[tiznow]

Why did we rally so hard today just curious? Guess crap bad so interest rate cut coming? Charts looking similiar to 1987/2000. Initial fall and bad news every day to go along with it bears think this is the end, than sharp counter rally to flush them out before the real fall begins

guess i should just yawn and buy equities

some highlights from today beyond the 1.4% gain

Citigroup, UBS Warn of Loan Losses
Monday October 1, 4:51 pm ET
By Madlen Read, AP Business Writer
Loan Writedowns Expected to Drive Citigroup 3Q Profit Down 60 Pct, Leave UBS With 3Q Loss

NEW YORK (AP) -- Citigroup Inc. and UBS AG warned they suffered significant loan-related losses in the third quarter, becoming the latest and biggest banks to reveal huge ill effects from the spike in mortgage defaults and freeze-up in the credit markets.

Shares in both companies rose, though, and the Dow Jones industrial average jumped to a record above 14,000, as investors who sold off the financial sector this summer bet the worst is over for the banks.

Citigroup estimated third-quarter profit will decline about 60 percent to some $2.2 billion. The largest U.S. bank said it will write down about $1.4 billion of its $57 billion portfolio of highly leveraged loans, lose about $1.3 billion on the value of securities backed by subprime loans, and lose $600 million in fixed-income credit trading. It also said consumer credit costs rose $2.6 billion, mostly due to a boost in loan-loss reserves.

---------------------------------------------------------------------

Walgreen Shares Slide As 4Q Profit Slips
Monday October 1, 4:27 pm ET
By Ashley M. Heher, AP Business Writer
Walgreen Shares Skid As 4Q Profit Slips on Lower Reimbursements on Generic Drugs, Higher Costs

CHICAGO (AP) -- Shares of drugstore chain Walgreen Co. tumbled Monday after the usually solid retailer's fourth-quarter fell sharply short of expectations, causing its first earnings decrease in nearly a decade.

Shares sank more than 15 percent, on pace to be the largest single-day decrease in roughly 20 years, before recovering slightly.

Walgreen, one of the nation's biggest drugstore chains, blamed its poor performance on higher expenses and lower reimbursements for popular generic medications. Meanwhile, executives warned its problems would likely persist.

--------------------------------------------------------------------------------------------

Manufacturing Growth Slows in Sept.
Monday October 1, 2:26 pm ET
By Eileen Alt Powell, AP Business Writer
Trade Group Says Nation's Manufacturing Sector Expands More Slowly in September Than in August

NEW YORK (AP) -- The nation's manufacturing sector expanded at a slower-than-expected rate in September, suggesting there's room for the Federal Reserve to consider another rate cut later this month.

The Institute for Supply Management, a trade group based in Tempe, Ariz., said Monday that its manufacturing index registered 52.0 in September, down from 52.9 in August. It was the lowest reading since the gauge was at 50.9 last March.

-------------------------------------------------------------------------------------------

Acxiom Buyout Deal Falls Through
Monday October 1, 4:49 pm ET
By Chuck Bartels, AP Business Writer
Acxiom Says $2.25B Buyout by Equity Firms Is Canceled; $65M Breakup Fee

LITTLE ROCK (AP) -- Shares in Acxiom Corp. plunged Monday after the data company announced the termination of a $2.25 billion buyout plan that would have taken it private.

The company, which in May agreed to a buyout by Silver Lake Partners and Value Act Capital, said the private equity funds would pay $65 million in cash to terminate the agreement amid an increasingly tight credit market.