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USA Politics - Hamster Wheel

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USA Politics - Hamster Wheel

Old 3rd Jul 2014, 18:58
  #20281 (permalink)  

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When that well runs dry, watch for, if not the mother, then a very close cousin of all the market corrections to occur.
That is what worries me, when it corrects, it going to be a hell of correction. We can't keep pumping in 20 billion dollars a month into the market forever.
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Old 3rd Jul 2014, 20:17
  #20282 (permalink)  
 
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There's never not been a market correction.
There will be one in the future, very likely in the next 2 months.
It's part of Capitalism. That's when you buy.
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Old 3rd Jul 2014, 20:47
  #20283 (permalink)  
Dushan
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Originally Posted by brickhistory View Post
To build, actually renovate and modify, an existing complex for the internal Gestapo:
You be careful about them choice of words, on these here interwebs, y'a hear.
 
Old 3rd Jul 2014, 20:47
  #20284 (permalink)  
 
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The current Price/Earnings ratio of the S&P 500 is 19.81 (today, Jul 3rd)
This is on the low side of normal since 1992.
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Old 3rd Jul 2014, 22:23
  #20285 (permalink)  
 
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but what is wrong with this.

The Dow just hit 17,000 and the GDP is down -2.9.

How does this make sense, or is it just me?
Exactly as the above posters have implied, if you pump masses of billions into the economy on borrowed money daily it's amazing how many dollars become available to purchase equities and build things.

Six months after Quantitative Easing began, just in my local neighborhood outside DC, about 6 immense building cranes appeared, all within view of my balcony. The building explosion in this key area within rock throwing distance of downtown DC is like nothing I've ever seen in the 40 years I've lived here. Overnight, huge holes appeared in the ground and massive mid-density office buildings and condos/apartments are going up at lightning speed filling every square inch they can get their hands on.

The developers have bought up every small land holding within 3 diameter miles of me that used to have a 7-11 on it, or a one-story building/shops surrounded by a parking lot and they've razed it and are building up up up on those small parcels--curb to curb, underground parking. Where did the vast sums of loan money come from virtually overnight to remake an entire community? Answers on a postcard: QE.

A person can virtually SEE the results of QE if you live where I do. The DOW is simply a visual version of it, as well.

And when the money stops, like a financial version of musical chairs, we're going to be utterly destroyed. I doubt it will be a soft landing.

Like pre-2008, these developers are building entirely on debt that is a new kind, not the old one where you just took out your loan as a developer and if you lost the dosh you went bankrupt. So this time it's not only personal debt--it's building on US debt, ultimately--because they are borrowing money from a bank that was just printed and printed on QE. And one downturn and these masses of new buildings might be empty of tenants.

I called three mortgage lenders to do some research last week and the recording on EACH of them I had to endure before being able to reach a live person said this (wording only slightly different): "Press X for the latest information on President Obama's mortgage debt refinancing program to see if you qualify for this debt forgiveness program or to see if you qualify for a no-down payment mortgage program for low income........"

Didn't we learn any lessons from 2008? Apparently not. But the key thing I noticed is that in all of these calls the first thing they said was "President Obama's program for........" YOU.

And we wonder why he is such a hit with the country's bottom feeders? Every time they make a phone call for anything these days, the recordings tell them that President Obama is giving them stuff! Formerly, a recording like that probably said "The US government program for..." Now recordings bear his name.

I'd settle for some free Excedrin!
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Old 4th Jul 2014, 00:47
  #20286 (permalink)  
 
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The whole plan hinges upon the Economy turning around.....and with Obama Regime policies that just ain't gonna happen.

228,000 new jobs reported and a decrease in Unemployment from 6.3 to 6.1%.

The State Media is crowing about that.

What they do not mention is 111,000 more people dropped out of the Job Market, 555,000 jobs converted from Full Time to Part Time, and job growth such as it is did not keep up with Population Growth.

Even a Dumbass Helicopter Pilot can figure that out as being really, really bad news. Add that to the -3.1 drop in the GDP in the First Quarter which the media explains away as being caused by bad weather and you are going to see a Perfect Storm coming.

When the second quarter shows as much as a -0.1 % drop then we shall officially be in a Recession and that is going to be something the Media cannot spin no matter how they try.

The Bamster and the USA are headed for a real disaster. The country will survive but will the Annointed One?
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Old 4th Jul 2014, 01:07
  #20287 (permalink)  

 
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Great news girls. DOW at a record high, unemployment well below 7%. Your pensions must be doing ok. And still you moan. Compare with the end of GWBs tenure....
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Old 4th Jul 2014, 01:58
  #20288 (permalink)  
 
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Not only that, LAJ, but now we have gay marriage, and (at least in my state) legal marijuana shops opening this week.

And, we're taking care of other countries' neglected children.

Everything's cool. Peace, bro!
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Old 4th Jul 2014, 02:14
  #20289 (permalink)  
 
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Junk

You'd almost think us British the way we dislike our current administration. Hope I don't end up that cynical after 2016.

My retirement is oafing along and I'm already employed so you'll excuse me if I don't join you in jumping for joy.

My property tax is going up, I'm paying for Obamacare and social experiments with illegals. That more than offsets the gains when you look at those of us in the upper middle income, in other words mostly Republicans who the Dem's could give a hoot about. That 40 yr old minimum wage worker at McDonald's that may get a buck or two raise will be faithful to Obama though.
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Old 4th Jul 2014, 02:46
  #20290 (permalink)  
 
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LAJ,

You plainly have no grasp of the state of the American Economy it would appear along with no grasp of how Pensions work in the country now.

The average American used to rely upon appreciation in the value of their home, a defined pension plan funded by the employer, and personal savings/investments to fund Retirement.

This has been a lost (or will be) a lost Decade in gains for us. Our Home Values tanked when the Housing Bubble burst, Defined Benefit Pensions have gone the way of the Buffalo, our IRA/401(k)'s have finally recovered due to the pumping of Billions upon Billions into the economy by the Federal Reserve.

The Economy is headed to Recession without ever actually recovering and at some point the Stock Market is going to Tank again wiping out our IRA/401(K) plans. House prices still have not recovered to any real degree. Taxes are going up, cost of living (despite the Government hiding the real numbers by redefining the criteria they use to calculate it), and at some point the Piper is going to insist upon his due.

When that day arrives, and it surely shall, the government is going to be unable to fund all these social welfare programs. When that happens.....there is going to be Hell to pay.
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Old 4th Jul 2014, 02:54
  #20291 (permalink)  
 
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When they have run out of ideas, they will try inflation just like the Germans attempted between the wars
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Old 4th Jul 2014, 04:02
  #20292 (permalink)  
Dushan
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Happy Independence Day to all Ameriacan PPRuNe-ers.
 
Old 4th Jul 2014, 07:05
  #20293 (permalink)  
 
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What Dushan said. Have a great day.
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Old 4th Jul 2014, 15:59
  #20294 (permalink)  
 
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What the hell's happening to the dollar?

It's lost 5 cents against the pound in one month!

This is hurting me as I have to buy pounds with my dollars.

It seems that no one wants my USD......
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Old 4th Jul 2014, 17:35
  #20295 (permalink)  
 
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Feel free to mail them to me. I have teenagers that will see they are spent.
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Old 4th Jul 2014, 17:38
  #20296 (permalink)  
 
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Thanks for the offer Westie.

Sadly I have to convert the things into pounds, for my own teenagers to 'invest'.

It's just that I get fewer quids each month, for the same number of frogskins.

150 fewer this month, than last.
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Old 4th Jul 2014, 17:41
  #20297 (permalink)  

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What the hell's happening to the dollar?

It's lost 5 cents against the pound in one month!

This is hurting me as I have to buy pounds with my dollars.

It seems that no one wants my USD......

But, but, but the DOW is 17,000.

SO ALL IS WELL!

SO ALL IS WELL!

SO ALL IS WELL!

SO ALL IS WELL!

SO ALL IS WELL!

SO ALL IS WELL!
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Old 4th Jul 2014, 17:48
  #20298 (permalink)  
 
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Karma is a Bummer ain't it!

As there was just a bit of Racial Bias in the '08 and '12 Elections then I find this just a bit of "Pay Back" for what was done in those two Elections.

Had a certain ethnic segment of our Population voted upon the issues and matters of substance and not just mere Skin Color, I would have some sympathy for them.

However, they did not and I do not.

In the numbers released today (by the Federal Bureau of Labor Statistics), covering the month of June, the seasonally adjusted unemployment rate for black Americans age 16 and over was 10.7%, reported the BLS. The unemployment rate for white Americans in the same age group and time-frame was 5.3%, said the BLS.

10.7% is more than double 5.3%.

According to the Census Bureau, blacks comprise 13.1% of the U.S. population and whites comprise 77.9% of the population.
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Old 6th Jul 2014, 12:38
  #20299 (permalink)  
 
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Well, that's convenient:


"Hillary Clinton said Friday that the hundreds of thousands of dollars she charges to speak at colleges all goes to charity: the Clinton Foundation"

Hillary says exorbitant university speaking fees go to charity ? the Clinton Foundation - Washington Times
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Old 6th Jul 2014, 12:46
  #20300 (permalink)  
Dushan
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Everything the Clintons do, or ever did, goes to "Clinton Foundation"*


















*Clinton Foundation = for the benefit of Clintons.
 

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