Obamaconomy!!!

[Pidgey]

Just think... our economy WAS humming along due to projects like this:

http://exiledonline.com/dispatch-fr...eart-of-americas-foreclosure-nightmare/all/1/

 

[Pidgey]

Now, seriously... how long do you think this is going to float:

http://www.usatoday.com/money/perfi/credit/2009-04-12-college-credit-card-debt_N.htm

 

[Pidgey]

Gonna' be tough for 'em:

http://news.moneycentral.msn.com/ticker/article.aspx?symbol=US:F&feed=OBR&date=20090415&id=9781086

Cut labor costs... or else!

 

[Dr.Who]

Gonna' be tough for 'em:

http://news.moneycentral.msn.com/ticker/article.aspx?symbol=US:F&feed=OBR&date=20090415&id=9781086

Cut labor costs... or else!

You do realize that unless you put at least one quote from each of those links to show us that you are not just posting "shamelessly" we are not going to take the time to click on them?

 

[Pidgey]

It's getting dangerous to quote--I know one forum operator who got The Call for letting his posters do that. Seems AP (Associated Press) is cracking down and others as well.

However, they're all high-quality links of particularly disturbing news. Click on them out of curiosity. When have I sent you to something "blithering-idiot" stupid like some of the other folks on here?

 

[Pidgey]

Okay, how's this:

Obama is the Big Bank's BoyToy:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNMQDysdnKRc

(Not exactly a quote but it's not mincing words, either)

 

[Dr.Who]

Okay, how's this:

Obama is the Big Bank's BoyToy:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aNMQDysdnKRc

(Not exactly a quote but it's not mincing words, either)

Works for me! (well that style did; the link did not (but that is a problem on my end))

And yes you are a more serious minded poster - thanks.

 

[Pidgey]

This is where it starts getting dicey, when the very significant loss of revenue forces reductions in social programs. This first article refers to Arizona:

http://www.azcentral.com/arizonarepublic/news/articles/2009/04/10/20090410stim-descuts0408.html

This next one covers several states:

http://www.nytimes.com/2009/04/12/us/12deficit.html?_r=1

This one's for Los Angeles:

http://www.latimes.com/news/local/la-me-lausd15-2009apr15,0,4362057.story

 

[Pidgey]

California, in perfect form, is asking the Fed to back its bad paper:

http://www.sacbee.com/topstories/story/1781008.html

So... they've got all these incredible pensions for civil servants out there that nobody in the rest of the nation comes close to (besides Congress), and now they're having problems making ends meet...

 

[Pidgey]

An awful lot of malls are in real trouble and it just got worse--General Growth Properties just filed bankruptcy:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aYYnO.QAJPyc&refer=home

Thomas Friedman's got an interest in that through family:

http://www.vanityfair.com/online/politics/2008/11/thomas-friedmans-world-is-flat-broke.html

 

[Pidgey]

Some folks on here like to point to the rise in the Dow as a sign we're on our way back. Anyone who actually knows something about the market, its quirks and the other stuff that's going on knows that this current rally isn't something to get particularly excited about unless you were in deep trouble on some investments and needed it to dump them before you REALLY lose your shirt. Smoke 'em if ya' got 'em, folks!

In the real world, P/E's have really been tanking because the "E" part of that (earnings) have taken one helluva' nasty beating. Read more here:

http://www.marketwatch.com/news/sto...1A19-0A04-4FEE-97A6-0A1C410D6881}&dist=msr_25

For those of you who don't know what that means, go to the Wikipedia and research it.

 

[Mr. Shaman]

In the real world, P/E's have really been tanking because the "E" part of that (earnings) have taken one helluva' nasty beating.

That's what Porky Limbaugh says, huh?

"Citigroup this morning reported a first-quarter profit of $1.6 billion, the company's first quarterly profit since the fall of 2007, offering further evidence that the federal government's massive rescue efforts are helping banks to revive earnings."​

 

[Pidgey]

Uh, oh... looks like traders are fueling the recent bear market rally instead of actual investors:

http://finance.yahoo.com/news/Traders-Not-Investors-Fueling-cnbc-14957098.html?.v=1?sec=topStories&pos=1&asset=&ccode=

...this can't be good!

 

[Andy]

Uh, oh... looks like traders are fueling the recent bear market rally instead of actual investors:

http://finance.yahoo.com/news/Traders-Not-Investors-Fueling-cnbc-14957098.html?.v=1?sec=topStories&pos=1&asset=&ccode=

...this can't be good!

I sure wouldn't want to buy up much. Think about it... who knows what company the Obama government would want to buy up, and then break apart, losing all your investment? They certainly did a bang up job with GM <sarcasm>. I'm sure GM's investors are right happy about having their investment be systematically destroyed. Not to mention their control over the company completely removed.

 

[Pidgey]

This just in, today's employment statistics for California:

http://news.yahoo.com/s/nm/20090417/us_nm/us_economy_california_unemployment;_ylt=AmBdqfTeoM1FhHYhhYG6ft2s0NUE;_ylu=X3oDMTM0NHBmYnJ0BGFzc2V0A25tLzIwMDkwNDE3L3VzX2Vjb25vbXlfY2FsaWZvcm5pYV91bmVtcGxveW1lbnQEY3BvcwM1BHBvcwMxMgRzZWMDeW5fdG9wX3N0b3J5BHNsawNjYWxpZm9ybmlhdW4-