The economy, is it good or bad. (Page 141/181)
84Bill JAN 09, 11:32 AM

quote
Originally posted by Spaceman:
Nah, Bill, because you're always on the subject when not antagonizing everyone.....Oops! That's 90% of your posts.



LOL

Fed meeting illuminates rate disagreement
Minutes of Federal Reserve's December meeting reveal regional banks' variety of views on discount borrowing rate.

WASHINGTON (Dow Jones/AP) -- Reflecting a highly uncertain and divided monetary policy outlook, regional U.S. Federal Reserve banks supported three different scenarios for the discount rate last month, according December meeting minutes released Tuesday.

With suggestions ranging from no change to an aggressive half-point cut, the Fed ended up splitting the difference. The central bank voted last month to lower the discount rate it charges banks that borrow directly from it by a quarter percentage point to 4.75 percent.


Wow...
The fed has found some interesting ways to PROP UP the market and keep it from crashing since 1929.

Throw money by the bucket load onto it, cut income on interest.

Then there is the minor problem of
Most people are in debt up to their eyeballs at best, cant pay their car loans, mortgages, credit cardS then there are the restrictions on bankruptcy.
Energy costs are out of control.
Job losses are increasing
Job hirings are decreasing.

Yeah... It's all good huh Space cadet?
aceman JAN 09, 11:45 AM

quote
Originally posted by 84Bill:
Then there is the minor problem of
Most people are in debt up to their eyeballs at best, cant pay their car loans, mortgages, credit cardS then there are the restrictions on bankruptcy.
Energy costs are out of control.
Job losses are increasing
Job hirings are decreasing.

Yeah... It's all good huh Space cadet?



Keep playing on those words, Billy Boy. MOST PEOPLE ARE IN DEBT...........CAN'T PAY THEIR CAR LOANS, MORTAGES, CREDIT CARDS????????????

MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE?

MOST PEOPLE would be a majority so 51% of Americans can't pay the above. Hmmmm, maybe 5 POINT 1% of Americans can't pay the above.

Keep playing on those words, Billy Boy.

Job Losses are increasing. By what?????? POINT 3 PERCENT!

Job hirings are decreasing.....BUT there is stil POSITIVE job growth.

Try talking these points when you have real and true facts and you stop playing on words, Billy Boy.
84Bill JAN 09, 11:57 AM

quote
Originally posted by aceman:
Keep playing on those words, Billy Boy. MOST PEOPLE ARE IN DEBT...........CAN'T PAY THEIR CAR LOANS, MORTAGES, CREDIT CARDS????????????
MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE? MOST PEOPLE?
MOST PEOPLE would be a majority so 51% of Americans can't pay the above. Hmmmm, maybe 5 POINT 1% of Americans can't pay the above.
Keep playing on those words, Billy Boy.
Job Losses are increasing. By what?????? POINT 3 PERCENT!
Job hirings are decreasing.....BUT there is stil POSITIVE job growth.
Try talking these points when you have real and true facts and you stop playing on words, Billy Boy.



LMAO!!!

I know how difficult it is for you to communicate on an adult level but I'll entertain the idea of babbling in baby talk for you.

Credit card debt spikes to six-month high
Total consumer borrowing shoots up to 7.4 percent in November as buyers rely on credit cards in the face of housing market COLLAPSE.

The Federal Reserve reported Tuesday that consumer borrowing rose at an annual rate of 7.4 percent in November, far higher than the 1 percent rise in October.

More consumers late on loans since 2001
In levels not seen since the recession of 2001, consumers face 30-days past due notices.

Late payments on a cluster of consumer loans, including those for autos, home improvement and certain home equity loans, climbed in the summer to their highest point since the country's last recession in 2001.

Jobs weak, unemployment soars
Employers add fewer to payrolls than forecast, and the jobless rate hits 5%, a two-year high.

Employers added far fewer jobs in the month than had been forecast, while the unemployment rate shot up to 5 percent, which was a two-year high, according to a government report Friday

Nearly 90,000 mortgage jobs eliminated
Countrywide shed most jobs in mortgage disaster;California hit hardest; more cuts expected.

Bankruptcies jump 40 percent in 2007
The American Bankruptcy Institute blames the mortgage crisis for heavy debt load, warns that this year could see more bankruptcies.

No.. this cant be true can it?

And red?
Nice contribution to the topic troll.

[This message has been edited by 84Bill (edited 01-09-2008).]

Red88FF JAN 09, 11:59 AM

quote
Originally posted by Phranc:

You taking care of them kids of yours yet bill? Or are you going to post another thread next christmas about how they had to sell off you crap because you don't provide for them like a man? Laugh it bill. It helps dull the pain from your failure as a man and a father doesn't it.But keep responding to me retard. Its easier then getting a job and taking care of your responsibilities isn't it. You don't realize this because you've proven you are an idiot time and again but you are the reason your life sucks and you have to lash out and threaten people. Maybe if you got a job you could help out the economy.



No Sh!t, that Christmas thread was the most pathetic read ever, but certainly illustrated the problem for all to see, very sad for all involved. I think it is a mental issue.

At least in 123's case, although I think he is misguided I believe he really does genuinely care about the people involved in the downside of things which motivates his worry and doom scenarios, so though misguided it is almost commendable. Bill on the other hand, his only hope for being on par with anybody else is if everyone else fails. I think he is rooting for a meltdown for these reasons, well that and wanting to watch certain individuals suffer.

[This message has been edited by Red88FF (edited 01-09-2008).]

aceman JAN 09, 11:59 AM
Where does it say "Most People"?

Goodbye, Billy Boy.

Came up short again.
Pyrthian JAN 09, 11:59 AM
yes, "most people" may have been a poor choice of words - but this is in fact a problem. WTF do you think the mortgage crunch is??
to many people with to much debt.
84Bill JAN 09, 12:06 PM

quote
Originally posted by aceman:
Where does it say "Most People"?
Goodbye, Billy Boy.
Came up short again.



LOL

Again, keeping it adult I see.

Father of Bush tax cuts: Recession likely
Harvard economist Martin Feldstein says more tax relief, deeper Fed rate cuts needed if U.S. is to avoid recession.

NEW YORK (CNNMoney.com) -- Martin Feldstein, the Harvard economist credited with being one of the fathers of the Bush administration tax cuts, says the U.S. economy is now likely to slip into a recession, and that avoiding one will take a new round of tax cuts and interest rate cuts from the Federal Reserve.

Say it with me... Recession.
aceman JAN 09, 12:06 PM
Pyrthian,
The point I've been trying to drive home is that the media and Bill love to play on words and use catch words......

MOST, CAN, COULD, MAY MIGHT, LOOMING, CONCERNS........

All are there to paint an ambigious picture and to get people "scared"

Bill says MOST PEOPLE and someone like Mr. Bitter gets up and says, "Ace, you're one person out of a million that are doing okay."

No, I'm one OF millions of people that are doing okay.

A play on words is the best way to rally the ignorant.
84Bill JAN 09, 12:08 PM

quote
Originally posted by Pyrthian:
yes, "most people" may have been a poor choice of words - but this is in fact a problem. WTF do you think the mortgage crunch is??
to many people with to much debt.



Generalities are generally not a good idea but you are right, the facts remain.
aceman JAN 09, 12:09 PM
Well, local PFF Economist, 84fiero123, aka Mr. Bitter, predicted 6 months ago that we're going into a recession. That was 2 quarters ago.

Are we there yet? Are we there yet? Are we there yet?