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| The economy, is it good or bad. (Page 87/181) |
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84Bill
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NOV 15, 07:13 AM
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Stocks poised for rocky start Futures decline as investors weigh latest credit woes and warning of a tech slowdown.
----------------------- So now the techs are taking a hit?
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aceman
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NOV 15, 07:49 AM
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Don't worry, Bill. You'll still get your welfare in a recession. You'll still get your free cheese.
and....
Farmers always do well in a recession. So, Farmer Steve can make lots of money making and selling cheese to the government.
You two will be just fine if a recession hits.
Me, I'm going to see if Red has room in his vehicle and ride out of this thread with him.
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aceman
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NOV 15, 07:50 AM
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| quote | Originally posted by aceman:
Don't worry, Bill. You'll still get your welfare in a recession. You'll still get your free cheese.
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It finally came to me why you care if the country goes into a recession!!!!!!!!!!!
YOU'LL HAVE COMPETITION GOING FOR ALL YOUR WELFARE MONEY AND FREE CHEESE!!!!!!!!!!!
Now I see the light!
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84Bill
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NOV 15, 10:02 AM
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| quote | Originally posted by aceman:
Don't worry, Bill. You'll still get your welfare in a recession. You'll still get your free cheese.
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Yup 
| quote | and....
Farmers always do well in a recession. So, Farmer Steve can make lots of money making and selling cheese to the government.
You two will be just fine if a recession hits.
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Nope.. not true, if fuel reaches 100 a barrel our breadbasket will need welfare too. if it falters you wont have food and cheese bmay be all thats is left to feed america.
| quote | Me, I'm going to see if Red has room in his vehicle and ride out of this thread with him. |
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Or you can just cry and complain... which you seem to have mastered.
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84Bill
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NOV 15, 10:04 AM
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| quote | Originally posted by spaceboy:
WAAAAAAAAAAAAAAAAAAAAAAAAAAAAAHHHHHHHHHH!!!!!!!!!!!!
Now I see the light!
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About time ya big baby
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84Bill
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NOV 15, 12:12 PM
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Wall Street's early struggle Morning trading is choppy as investors mull higher consumer prices and jobless claims, bank sector woes.
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aceman
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NOV 15, 12:32 PM
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Well, Bill, go get a job so they have less to mull over.
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84Bill
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NOV 15, 02:21 PM
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| quote | Originally posted by aceman:
Well, Bill, go get a job so they have less to mull over. |
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Why? I have one getting free stuff.
However, if I'm that powerful as to hold sway on the entire global market I'd rather retain it by remain home with my feet proped up than hand it over to somone else.
Do you even work anymore? You sure do post a lot during the day. OHHH yeah thats right you "work" for the government.. That makes you an even bigger mooch than me. Sucking up tax payers money and posting on the web..
What department is it you say work for?
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Phranc
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NOV 15, 02:48 PM
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| quote | Originally posted by 84Bill:
Why? I have one getting free stuff.
However, if I'm that powerful as to hold sway on the entire global market I'd rather retain it by remain home with my feet proped up than hand it over to somone else.
Do you even work anymore? You sure do post a lot during the day. OHHH yeah thats right you "work" for the government.. That makes you an even bigger mooch than me. Sucking up tax payers money and posting on the web..
What department is it you say work for? |
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How is some one who produces something more of a mooch then a lazy bum? Why don't you stop crying and whining about those who do something with their lives. Stop bringing down threads bill. You're pushing me and I'll tell Cliff.
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84Bill
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NOV 15, 05:35 PM
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| quote | Originally posted by spaceboy II: How is some one who produces something more of a mooch then a lazy bum? Waaahhhh Waaaahhh... Why don't you stop crying and whining about those who do something with their lives. Waaaahhhh Waaaahhhh Stop... Waaaaaaahhh waaaahhh bringing down threads bill. Waaaahhhh You're pushing me Waaaaahhhhh Waaaahhhh and I'll tell Cliff and he will make me eat worms and I'll die and you will be sorry so Waahhh. |
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Amyway.... Back from the funnies and onto something RELATING TO THE TOPIC which for some (Phranc and Space) is an impossible task.
NEW YORK (CNNMoney.com) -- Stocks tumbled Thursday, with financial, commodity and technology shares leading the charge lower as investors continued to worry about the credit market crisis and the strength of the consumer.
The Dow Jones industrial average (Charts) lost 0.9 percent, according to early tallies. The S&P 500 (Charts) index lost 1.3 percent. The Nasdaq composite (Charts) declined 1 percent.
Small caps were hit harder with the Russell 2000 (Charts) index falling 1.47 percent.
Treasury prices rallied, lowering the corresponding yields. The dollar recovered a bit against the euro but fell versus the yen. Oil and gold prices slipped.
Here's a look at what was moving near the close.
Stocks were mixed throughout the morning as investors mulled steady consumer inflation, stronger readings on manufacturing and the latest credit market troubles - amid a decline in oil prices.
But the market began deteriorating heading into the afternoon, reflecting the recent pattern of gyrating throughout the session and then making a decisive move near the close.
And more selling may be on tap, said Joseph Saluzzi, co-head of equity trading at Themis Trading.
He said that with the exception of Tuesday's blockbuster rally, Wall Street's been pretty negative of late and that could continue leading into the Thanksgiving holiday next week.
Retailers: Consumer spending is in trouble
The Consumer Price Index (CPI) rose 0.3 percent in October, matching September's rise and meeting forecasts. So-called "core" CPI, which excludes food and energy, rose 0.2 percent, also matching September and also in line with forecasts.
Investors have been looking for signs that pricing pressures are remaining mild, even with lower interest rates and higher oil and gas prices threatening to drive up INFLATION.
The weekly jobless claims report showed a surprisingly large jump in new claims last week.
The fact that the CPI came in as expected was probably positive, although it shows inflation pressures remain a risk, said Douglas Roberts, chief investment strategist at Channel Capital Research.
He said the rise in jobless claims was worrisome in that if the trend continues to higher levels of unemployment - at the same time that pricing pressures remain steady - that will pressure the already taxed consumer. Consumer spending fuels around two-thirds of the economy.
"But crude inventories came out kind of confirming that the pressures from oil are dipping in the short term," Roberts said. He said that this was helping temper the day's declines.
U.S. light crude oil for December delivery fell 66 cents to $93.43 a barrel on the New York Mercantile Exchange after the weekly oil inventories report showed a surprise gain in crude supplies last week. (Full story)
Oh and Dow 13,110.05 -113.88 / -0.86%[This message has been edited by 84Bill (edited 11-16-2007).]
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