Old Salt Posted October 9, 2008 Posted October 9, 2008 I hear that Secretary Paulson named some guy named Cash-and-carry to spend that $7 Billion. Quote
Old Salt Posted October 9, 2008 Posted October 9, 2008 I didn't look at the markets today. Went to the casino, where I could get a better return on my money. Had just as much luck as the stock market. I remember mentioning on Tuesday that I thought the market would end up under 9,000 on Friday.WOW! Just saw it on TV: DOW 8579.19. Quote
wez Posted October 10, 2008 Author Posted October 10, 2008 There goes another quick 300 this morn... poof.. And so castles made of sand, melt into the sea... eventually. ~ jimi Hendrix Quote
ImWithStupid Posted October 10, 2008 Posted October 10, 2008 I think a lot of this is still panic selling. Quote
wez Posted October 10, 2008 Author Posted October 10, 2008 I think a lot of this is still panic selling. Oh yeah.. and a lot of forced selling.. When a lot of people wanna cash in shares of mutual funds, there is no chioce but to sell.. Plus some just plain need cash no matter the price and have to dump their individual stocks.. Might hafta take 5 - 10 grand and put it in soon.. Quote
wez Posted October 10, 2008 Author Posted October 10, 2008 My roth has lost at least 1/3 in the last couple months... Waaaaaaaaaaaaaaaaaaaaa Oh well... Wont need it for 25 years.. Course it did take 25 years and a world war to recover from the Great Depression.. prolly be another 25 years before any elected official even admits we are in a another depression this time.. assholes. Least my bulk at 9% hasn't lost a penny... and the dollars been making good gains on the Euro and Pound.. yay cash. Interest rates have no where to go but up too.. Fed has officially lost control. Be a good year to transfer the rest of my traditional into a roth though.. Less taxes.. by a mile. Holy ass beating.. I see oils at $80 though... pummling my final 70 shares of Range Resources.. Oh well.. already cashed out 6 times what I put in.. and it's still worth more than 4 times what I paid for it.. Sucks to see it go from 80 to 25 - 30 though.. Life is good.. cept when it sucks.. Quote
hugo Posted October 10, 2008 Posted October 10, 2008 Great time to buy...if ya got any money left. Quote The power to do good is also the power to do harm. - Milton Friedman "I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents." - James Madison
Old Salt Posted October 10, 2008 Posted October 10, 2008 (edited) Took this off Bill OReilly.com: . Edited April 2, 2016 by rem 1 Quote
wez Posted October 11, 2008 Author Posted October 11, 2008 [attach=full]1259[/attach] [attach=full]1260[/attach] [attach=full]1261[/attach] Quote
ImWithStupid Posted October 11, 2008 Posted October 11, 2008 A new message for Americans... Due to recent economic reversals and the rising cost of electricity, gas, and oil, the 'light at the end of the tunnel' has been turned off. We apologize for the inconvenience. Sincerely, U.S. Federal Government Quote
Old Salt Posted October 11, 2008 Posted October 11, 2008 At least my 'toon was nonpartisan, wez. Quote
wez Posted October 11, 2008 Author Posted October 11, 2008 At least my 'toon was nonpartisan, wez. Real Commanders in Chief take responsibility for everything that happens on their watch.. And make some sense once in awile too.. Quote
ImWithStupid Posted October 11, 2008 Posted October 11, 2008 Real Commanders in Chief take responsibility for everything that happens on their watch.. And make some sense once in awile too.. Under those criteria, we haven't had a real Commander in Chief since Teddy Roosevelt. 1 Quote
wez Posted October 13, 2008 Author Posted October 13, 2008 Wow.. up near 1000 today.. Guess all's well in the world and I can put my white sheet and golf clubs away.. Quote
ImWithStupid Posted October 13, 2008 Posted October 13, 2008 Wow.. up near 1000 today.. Guess all's well in the world and I can put my white sheet and golf clubs away.. Don't sell your tent and ticket to Mars yet. Quote
wez Posted October 13, 2008 Author Posted October 13, 2008 Don't sell your tent and ticket to Mars yet. Not yet.. Quote
ImWithStupid Posted October 14, 2008 Posted October 14, 2008 On the economy... Job Creators Prefer McCain 4-To-1 Over Obama Last update: 12:06 p.m. EDT Oct. 8, 2008 NEW YORK, Oct 08, 2008 /PRNewswire via COMTEX/ -- Over 70 percent of CEOs fear an Obama presidency will be a disaster Chief Executive magazine's most recent polling of 751 CEOs shows that GOP presidential candidate John McCain is the preferred choice for CEOs. According to the poll, which is featured on the cover of Chief Executive's most recent issue, by a four-to-one margin, CEOs support Senator John McCain over Senator Barack Obama. Moreover, 74 percent of the executives say they fear that an Obama presidency would be disastrous for the country. "The stakes for this presidential election are higher than they've ever been in recent memory," said Edward M. Kopko, CEO and Publisher of Chief Executive magazine. "We've been experiencing consecutive job losses for nine months now. There's no doubt that reviving the job market will be a top priority for the incoming president. And job creating CEOs repeatedly tell us that McCain's policies are far more conducive to a more positive employment environment than Obama's." For several months during this presidential election year, Chief Executive has conducted specialized polling of CEOs' attitudes on issues affecting national policy and the economy. During this period CEOs were first asked what policies and approaches would work best for business, energy policy and job creation. Subsequently, they were asked which presidential candidate's policies were best aligned with these prescriptions for growth. Even though CEOs rated McCain's policies over Obama's in the most recent polling, their support came with reservations, as can be witnessed by the B- grade given to McCain's overall policies. McCain received strong marks for defense and foreign policy but only a C+ on energy, environment and education. Conversely, Barack Obama's overall plan received a barely passing C- with four out of eight policy areas receiving D grades. Neither candidate received an A. "I'm not terribly excited about McCain being president, but I'm sure that Obama, if elected, will have a negative impact on business and the economy," said one CEO voicing his lack of enthusiasm for either candidate, but particularly Obama. In expressing their rejection of Senator Obama, some CEOs who responded to the survey went as far as to say that "some of his programs would bankrupt the country within three years, if implemented." In fact, the poll highlights that Obama's tax policies, which scored the lowest grade in the poll, are particularly unpopular among CEOs. "Overall, many CEOs are concerned about the future of the U.S. economy and its ability to compete in the global market, but they look to John McCain and hope that this self-described political maverick may yet shake up established thinking and not give into to the tired policies of the past," concluded Kopko. Job Creators Prefer McCain 4-To-1 Over Obama - MarketWatch Even though it's fashionable for the Dems to villify CEO's, not all of them are greedy people who want to hurt Americans. Their advice on the economy is valid. . . . Quote
wez Posted October 16, 2008 Author Posted October 16, 2008 The "free market" givith and taketh away... youch. Ya know what sucks, there's a lot of banks who practiced good business, who don't need/want to be bailed out, and are now going to be punished for this as crooks and commies get rewarded by handouts from the very people they stole from and f cked over.. what the hell has become of us? Sad time to be an American... Quote
ImWithStupid Posted October 16, 2008 Posted October 16, 2008 The "free market" givith and taketh away... youch. Ya know what sucks, there's a lot of banks who practiced good business, who don't need/want to be bailed out, and are now going to be punished for this as crooks and commies get rewarded by handouts from the very people they stole from and f cked over.. what the hell has become of us? Sad time to be an American... It's a horrible time in US history when the Secretary of the Treasury can tell a private business that you either let us buy into your bank and have our hands up your ass like a ventriloquist dummy or you can go it your own and we won't help you. This is Corpratism/Socialism at it's finest. Hank Paulson is now pretty much a financial Dictator. Quote
wez Posted October 16, 2008 Author Posted October 16, 2008 It's a horrible time in US history when the Secretary of the Treasury can tell a private business that you either let us buy into your bank and have our hands up your ass like a ventriloquist dummy or you can go it your own and we won't help you. This is Corpratism/Socialism at it's finest. Hank Paulson is now pretty much a financial Dictator. No sh t... be an honest, responsible banker and watch the guv take control, or else. This crap aint by accident.. I know it with every ounce of my being.. Might as well just vote TJ for pres/God.. Quote
eddo Posted October 16, 2008 Posted October 16, 2008 It's a horrible time in US history when the Secretary of the Treasury can tell a private business that you either let us buy into your bank and have our hands up your ass like a ventriloquist dummy or you can go it your own and we won't help you. This is Corpratism/Socialism at it's finest. Hank Paulson is now pretty much a financial Dictator. I am amazed that it has gotten this far, this quick. Just wait til Senator Government gets in office. Then we'll see some good ole fashioned socialism at it's finest... Quote I'm trusted by more women.
wez Posted October 16, 2008 Author Posted October 16, 2008 Hearing lots of talk of banks being strong armed.. or else.. who want nothing to do with any of this crap.. Least the fallacy of our "free market" is finally coming into clear view for anyone with half a brain.. As bad as it is, and will get, it is the beginning of it's undoing.. What sucks is the ugliness will last well beyond everyones life who is around right now.. woe is us.. shoulda stayed awake. Got no one to blame but ourselves.. Give an inch to control freaks, they'll take a mile. Quote
ImWithStupid Posted October 16, 2008 Posted October 16, 2008 On a good note, due to the slumping economy in the US, illegal immigration is down. Illegal immigrant inflow to the U.S. lags that of legal immigrants - Los Angeles Times [attach=full]1262[/attach] . . . Quote
wez Posted October 16, 2008 Author Posted October 16, 2008 Ya know, prolly aint to far off on that cartoon there.. Prolly wont just be Mexicans moving back over.. Wont have to worry about cold weather in the winter sleeping under the stars.. Hmmmmmm... Jesse V already made the move.. Smart man. Quote
Old Salt Posted October 22, 2008 Posted October 22, 2008 Dollar's on it's way back up. That's actually bad for me right now. If I sell either of my apartments in Turkey, I'll take a loss, dollar-wise. Quote
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