The economy, is it good or bad. (Page 159/181)
Phranc JAN 15, 03:38 PM

quote
Originally posted by 84Bill:


I don't blame you for giving up Uaana. The U.S. Economy can be a real mother to understand and comprehend for adults let alone the average school age child with ADHD.



Yes bill youve proven time and again with your lack of understanding the links you post and other childish things like threatening people and throwing hissy fits.

Adults pay for their children bill.
Phranc JAN 15, 03:40 PM

quote
Originally posted by aceman:


Gov't Cheese flavored. Want some?



No but if you want a recipe for candy coating or chocolate coating pop corn ( or anything else) I can hook you up. The apple cinnamon and peanut butter chocolate are so good.
aceman JAN 15, 03:43 PM
Nah, the Government Cheese flavored popcorn is the best! Bill likes to have a little Whine with his free Government Cheese flavored popcorn.
Uaana JAN 15, 03:43 PM

quote
Originally posted by 84Bill:


I don't blame you for giving up Uaana. The U.S. Economy can be a real mother to understand and comprehend for adults let alone the average school age child with ADHD.



Bill.. you haven't said anything about the economy.. Just pasted in some threads from other threads.

Then you managed to jump on the useless deaths bandwagon.

Defend one of your posts.. all we're asking..
84Bill JAN 15, 03:47 PM

quote
Originally posted by Phranc:
Yes bill youve proven time and again with your lack of understanding the links you post and other childish things like threatening people and throwing hissy fits.

Adults pay for their children bill.



Right Phranc.
Your ad-homenim expertise on 84Billonomics is so far fetched and has so little to do with this topic that it is synonymous with all activities pertaining to kindergarten recess.


quote
Originally posted by Uaana:
Bill.. you haven't said anything about the economy.. Just pasted in some threads from other threads.
Then you managed to jump on the useless deaths bandwagon.
Defend one of your posts.. all we're asking..



Hypocrite.

[This message has been edited by 84Bill (edited 01-15-2008).]

84Bill JAN 15, 03:49 PM

quote
Originally posted by aceman:

Nah, the Government Cheese flavored popcorn is the best! Bill likes to have a little Whine with his free Government Cheese flavored popcorn.



Speaking of cheese, I made got a ton of cheese playing the market today.
What a brutal day it was too.

Stocks get battered
Recession fears send equities lower as investors consider Citigroup's almost $10 billion quarterly loss and a weak retail sales report.

EW YORK (CNNMoney.com) -- Stock losses accelerated Tuesday afternoon as investors bet that Citigroup's steep quarterly loss and a big drop in retail sales are further signs of the risk of an economic recession.

The Dow Jones industrial average (INDU) lost around 280 points with roughly 50 minutes left in the session. The broader S&P 500 (INX) index lost 2.4 percent and the Nasdaq composite lost 2.5 percent.

Citigroup (C, Fortune 500) reported an almost $10 billion quarterly loss that was worse than expected, slashed its dividend, and said it was taking an $18.1 billion writedown related to bad mortgage bets.

The company also said it was receiving a $12.5 billion cash infusion from investors in Kuwait, Singapore and the state of New Jersey. Shares slipped almost 7 percent. (Full story)

Citigroup is the latest financial leader to report weak profits and big writedowns amid the housing and credit market mess, adding to a sense of unease on Wall Street.

The stock market reaction right now is "logical," said Haag Sherman, managing director of Salient Partners, with investors catching up to and reflecting the current strained economic conditions.

He said investors are also starting to realize that monetary policy will not be enough to prop up equities this time. "I think there's a sense that the Fed can't help enough. Recession is on the way or already here."

The panic about the economy has investors clamoring for the Federal Reserve to cut interest rates more aggressively.

According to futures contracts on the Chicago Board of Trade, investors are now betting that the Federal Reserve will cut the fed funds rate, a key short-term interest rate, by a half-percentage point at its two-day meeting that ends Jan. 30. There is also the possibility that the central bank will cut rates by three-quarters of a percentage point, or 75 basis points. There are 100 basis points in one percentage point.

Ahead of that, the Federal Reserve said Tuesday it had auctioned $30 billion in funds to commercial banks at an interest rate of 3.95 percent. It was the third in a series of auctions the Fed has initiated to give banks much-needed cash.

While this is helping the banks, Sherman said because the banks are generally not in a position to extend credit, the auctions are not really helping consumers, with consumers continuing to be strapped, as the retail sales report demonstrated.

Retail sales fell 0.4 percent, short of forecasts and the biggest drop in six months. Excluding volatile auto sales, retail sales also fell a worse-than-expected 0.4 percent.

[This message has been edited by 84Bill (edited 01-15-2008).]

Uaana JAN 15, 03:57 PM
Hypocrite?!?!

Come dance with me awhile.. Please defend useless deaths of servicemen.
Do you even know what you posted about US economy other than it said it was bad? (Ive fisked at least one of your posts)

Are you sure you want to play with grownups .. or maybe you should go back to your cheetos n herb.. let us grown ups take care of things.. or do you actually have an opinion beyond what you copy/pasted?

And all that aside.. you're still a reserve/guard unstat punk until proven otherwise.
Formula88 JAN 15, 04:07 PM

quote
Originally posted by 84fiero123:
The economy has been going down from the beginning of this thread, granted it is not negative growth but it is going down. It will be negative growth this year and very shortly.

Those who have said the economy is growing, yes you are right, but the problem is that it is less and less everyday and has been all along yet those of you that see this as good don’t want to see that it is going down, down, down.



Just a minor nitpick. I know what you're saying and agree, but saying the economy is going down, but not negative growth is a little misleading. The economy is growing, but not as fast as before.

Your remark makes it sound like you floor your accelerator, then when you back off to half throttle you call that "slowing down." Well, you're still accelerating, but not as fast. [end nitpick]

On the economy in general, I do think the chances of recession are much higher today than they were a year ago. Confidence is low, regardless of how good or bad the earnings are. Low confidence makes any poor earnings reports that much more damaging. There's a pretty strong chance of recession, but I don't see it as an end of the world scenario. You can complain about how horrible things are, or you can accept things are changing and try to benefit from it.

The FED will likely cut rates by .5 - .75 before the end of the month. Mortgage rates are dropping again. Home prices are declining. This could be a huge boon to buyers. The only caveat is they'll have to actually be able to qualify for financing - which shouldn't be a big deal. If you can't qualify, you shouldn't have bought in the first place - that's how this mess got started.

Remember, rich people (who made their money rather than inheriting it) have learned to weather the ups and downs. There's opportunity in any market. But if you're so busy talking about how bad things are, you might not see it.

I don't think posting news articles does much for the "discussion." If you have something to add or an insight into the situation, by all means, share with us.
84Bill JAN 15, 04:10 PM

quote
Originally posted by Uaana:
Hypocrite?!?!



You are...


quote

Come dance with me awhile.. Please defend useless deaths of servicemen.



I cant defend the deaths of U.S. Servicemen... How about you, can you defend the deaths of us servicemen? I have absolutly NO DOUBT in my military mind that you can... and will.


quote

Do you even know what you posted about US economy other than it said it was bad? (Ive fisked at least one of your posts)



Yes.. I know what I posted and I fisked one of your posts too so I guess that makes us even Steven.


quote

Are you sure you want to play with grownups .. or maybe you should go back to your cheetos n herb.. let us grown ups take care of things.. or do you actually have an opinion beyond what you copy/pasted?



Cheetos n herb? Ohhhh... Okay.
That explains your ADHD, off the wall commentary the delusional assertions that this is all about 84Bill and that he is coming to take over the world by subverting the minds of CEO's the world over.

Hell, I must be damn good :::buffs nails on chest::: got all but 7% of them this last round of psionic attacks on the us economy... ::: blows at hand ::: Not bad at all if I say so myself.


quote

And all that aside.. you're still a reserve/guard unstat punk until proven otherwise.



Use the ad-homenim all you want Uaana.

All it proves is that your finely tuned adult communications skills are on par with that of a hair pulling 3rd grader.
Formula88 JAN 15, 04:15 PM
Chesapeake Delegate Sponsors Bill to Ban Truck Nuts

Today, a Chesapeake lawmaker plans to introduce a bill that will ban "truck nuts" from your truck or SUV.

The nutty idea is the brainchild of Delegate Lionell Spruill. We're talking about the fake testicles people hang on the backs of their vehicles. Spruill's bill would ban anything on a car or truck that looked like human genitalia.

"Yeah, I definitely think those should be outlawed. I don't approve of that," says one local woman we talked to.

But others think its no big deal.

"Nah, that's not vulgar, that's funny," says one man.

Spruill says these types of dangling do-dads are tacky, vulgar, and downright embarassing. It still has a long way to go before it ever becomes law.

"It comes to a point where there are certain things you just can't do. And putting testicles on the back of a truck is just too much. So I am trying to stop it," he tells NewsChannel 3 in an interview.

Spruill says the idea for the bill came to him after the daughter of one of the people in his district saw a pair of the testicles hanging from the back of a truck in traffic. That's when Spruill put the bill in action. Although he says he hasn't found anyone to co-sponsor it with him.


Wow. This could devastate the entire truck nut industry. All the truck nut assembly lines screeching to a halt. Truck nut retail sales could be devastated. Fleets of nutless trucks forelornly roaming the streets.

Won't somebody think of the nuts?