| Topic: |
Religions > Atheism |
| User: |
"Mark K. Bilbo" |
| Date: |
07 Sep 2007 05:54:24 PM |
| Object: |
OT: Okay so what happened? |
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls in
four years. The figure was shockingly below economists' expectations for
an addition of 100,000 nonfarm jobs. There was also a net downward
revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall Street
Journal."
Uh... Greenspan is expecting a crash?
Nice...
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"Oh Log Cabin, full of taste, my stomach is with thee.
Blessed are three among syrups..."
- Homer
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| User: "655321" |
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| Title: Re: OT: Okay so what happened? |
07 Sep 2007 07:38:02 PM |
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In article <CcGdnRTqZb09S3zbnZ2dnUVZ_oPinZ2d@giganews.com>,
"Mark K. Bilbo" <gmail@com.mkbilbo> wrote:
I thought the economy was Doing Great! Right? Right?
Insert Earl Fred Webber Stone rationalization here:
--
655321
"We are heroes in error" -- Ahmad Chalabi
.
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| User: "Mark K. Bilbo" |
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| Title: Re: OT: Okay so what happened? |
09 Sep 2007 07:42:45 AM |
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On Fri, 07 Sep 2007 17:38:02 -0700, 655321 wrote:
In article <CcGdnRTqZb09S3zbnZ2dnUVZ_oPinZ2d@giganews.com>,
"Mark K. Bilbo" <gmail@com.mkbilbo> wrote:
I thought the economy was Doing Great! Right? Right?
Insert Earl Fred Webber Stone rationalization here:
WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT
ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!? SQUAWK!!! WHAT ABOUT CLINTON?!? SQUAWK!!! WHAT ABOUT
CLINTON?!?
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"You know, I'd get it if people were just looking for a
way to fill the holes. But they want the holes. They wanna
live in the holes. And they go nuts when someone else
pours dirt in their holes.
"Climb out of your holes people!"
- Dr. House, on faith
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| User: "Liz" |
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| Title: Re: OT: Okay so what happened? |
07 Sep 2007 08:20:24 PM |
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On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls in
four years. The figure was shockingly below economists' expectations for
an addition of 100,000 nonfarm jobs. There was also a net downward
revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall Street
Journal."
Uh... Greenspan is expecting a crash?
Nice...
*****. I thought I could retire in two years.
Liz #658 BAAWA
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
08 Sep 2007 07:44:07 PM |
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On Fri, 07 Sep 2007 21:20:24 -0400, Liz <ehuth1@donotspam.com> wrote:
On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls in
four years. The figure was shockingly below economists' expectations for
an addition of 100,000 nonfarm jobs. There was also a net downward
revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall Street
Journal."
Uh... Greenspan is expecting a crash?
Nice...
*****. I thought I could retire in two years.
You can. Or eat. Your choice.
.
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| User: "Mark K. Bilbo" |
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| Title: Re: OT: Okay so what happened? |
08 Sep 2007 11:39:12 AM |
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On Fri, 07 Sep 2007 21:20:24 -0400, Liz wrote:
On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo" <gmail@com.mkbilbo>
wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls in
four years. The figure was shockingly below economists' expectations for
an addition of 100,000 nonfarm jobs. There was also a net downward
revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall
Street Journal."
Uh... Greenspan is expecting a crash?
Nice...
*****. I thought I could retire in two years.
Man, people are rattled. I'm seeing a lot of chatter about whether this
coming Monday will be remembered as "Black Monday".
Ummmm... fun...
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"You believe in a book that has talking animals, wizards,
witches, demons, sticks turning into snakes, food falling
from the sky, people walking on water, and all sorts of magical,
absurd and primitive stories, and you say that *we* are the
ones that need help?" - Jon Stoll
.
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| User: "LC" |
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| Title: Re: OT: Okay so what happened? |
08 Sep 2007 12:00:30 PM |
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"Mark K. Bilbo" <gmail@com.mkbilbo> wrote in message
news:WJOdnZfQW62tTX_bnZ2dnUVZ_rvinZ2d@giganews.com...
On Fri, 07 Sep 2007 21:20:24 -0400, Liz wrote:
On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo" <gmail@com.mkbilbo>
wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls in
four years. The figure was shockingly below economists' expectations for
an addition of 100,000 nonfarm jobs. There was also a net downward
revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall
Street Journal."
Uh... Greenspan is expecting a crash?
Nice...
<piggybacking>
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
http://preview.tinyurl.com/2fb8zo
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
*****. I thought I could retire in two years.
Man, people are rattled. I'm seeing a lot of chatter about whether this
coming Monday will be remembered as "Black Monday".
The financial markets are currently factoring a rate cut of anywhere from
..25-.75%.
My own read is that it's probably too little, too late.
Ummmm... fun...
Did I mention our third world currency, our trade deficit, and our
Kompassionate Konservative president's ballooning budget deficit?
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"You believe in a book that has talking animals, wizards,
witches, demons, sticks turning into snakes, food falling
from the sky, people walking on water, and all sorts of magical,
absurd and primitive stories, and you say that *we* are the
ones that need help?" - Jon Stoll
.
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
08 Sep 2007 07:49:13 PM |
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On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch
- the companies no longer exist. Even Countrywide is only hanging on
due to HUGE infusions of cash. And they predict a LARGE drop in the
number of new mortgages in the next 12 months, which translates to
LARGE drop in the economy. (They're laying off 25% of their
workforce.)
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
.
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
22 Sep 2007 05:25:44 PM |
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On Sat, 08 Sep 2007 20:49:13 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch
- the companies no longer exist. Even Countrywide is only hanging on
due to HUGE infusions of cash. And they predict a LARGE drop in the
number of new mortgages in the next 12 months, which translates to
LARGE drop in the economy. (They're laying off 25% of their
workforce.)
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
Although the Rethugs had a 12 year lock on Congress inclusive with a
six year lock on the Outhouse [former white house] they're not
responsible for the mess.
.
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
23 Sep 2007 12:16:22 PM |
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On Sat, 22 Sep 2007 15:25:44 -0700, stoney <stoney@the.net> wrote:
On Sat, 08 Sep 2007 20:49:13 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch
- the companies no longer exist. Even Countrywide is only hanging on
due to HUGE infusions of cash. And they predict a LARGE drop in the
number of new mortgages in the next 12 months, which translates to
LARGE drop in the economy. (They're laying off 25% of their
workforce.)
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
Although the Rethugs had a 12 year lock on Congress inclusive with a
six year lock on the Outhouse [former white house] they're not
responsible for the mess.
And the monster ate all the cookies in the cookie jar.
--
Al at Webdingers dot com
"They laughed at Newton, they laughed at Einstein, but they also laughed at
Bozo the Clown."
- Carl Sagan
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
28 Sep 2007 08:03:28 PM |
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On Sun, 23 Sep 2007 17:16:22 GMT, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 22 Sep 2007 15:25:44 -0700, stoney <stoney@the.net> wrote:
On Sat, 08 Sep 2007 20:49:13 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch
- the companies no longer exist. Even Countrywide is only hanging on
due to HUGE infusions of cash. And they predict a LARGE drop in the
number of new mortgages in the next 12 months, which translates to
LARGE drop in the economy. (They're laying off 25% of their
workforce.)
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
Although the Rethugs had a 12 year lock on Congress inclusive with a
six year lock on the Outhouse [former white house] they're not
responsible for the mess.
And the monster ate all the cookies in the cookie jar.
Invisible monster, don't ya know...
.
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| User: "Free Lunch" |
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| Title: Re: OT: Okay so what happened? |
28 Sep 2007 08:07:35 PM |
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On Fri, 28 Sep 2007 18:03:28 -0700, in alt.atheism
stoney <stoney@the.net> wrote in
<329rf31ind4hih4bv027dtjdhr05ntgq7c@4ax.com>:
On Sun, 23 Sep 2007 17:16:22 GMT, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 22 Sep 2007 15:25:44 -0700, stoney <stoney@the.net> wrote:
On Sat, 08 Sep 2007 20:49:13 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch
- the companies no longer exist. Even Countrywide is only hanging on
due to HUGE infusions of cash. And they predict a LARGE drop in the
number of new mortgages in the next 12 months, which translates to
LARGE drop in the economy. (They're laying off 25% of their
workforce.)
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
Although the Rethugs had a 12 year lock on Congress inclusive with a
six year lock on the Outhouse [former white house] they're not
responsible for the mess.
And the monster ate all the cookies in the cookie jar.
Invisible monster, don't ya know...
No, I've seen that monster on television. He's blue and hairy.
.
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
08 Oct 2007 02:54:16 PM |
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On Fri, 28 Sep 2007 20:07:35 -0500, Free Lunch <lunch@nofreelunch.us>
wrote:
On Fri, 28 Sep 2007 18:03:28 -0700, in alt.atheism
stoney <stoney@the.net> wrote in
<329rf31ind4hih4bv027dtjdhr05ntgq7c@4ax.com>:
On Sun, 23 Sep 2007 17:16:22 GMT, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 22 Sep 2007 15:25:44 -0700, stoney <stoney@the.net> wrote:
On Sat, 08 Sep 2007 20:49:13 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected areas.
In addition, the stock of certain homebuilders and sub prime lenders are
certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch
- the companies no longer exist. Even Countrywide is only hanging on
due to HUGE infusions of cash. And they predict a LARGE drop in the
number of new mortgages in the next 12 months, which translates to
LARGE drop in the economy. (They're laying off 25% of their
workforce.)
Given the way many Americans have lived *well beyond their means* during the
recent real estate boom/refinance craze, it's not implausible that the
current reversal of trend takes enough folks down to bring on a recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
Although the Rethugs had a 12 year lock on Congress inclusive with a
six year lock on the Outhouse [former white house] they're not
responsible for the mess.
And the monster ate all the cookies in the cookie jar.
Invisible monster, don't ya know...
No, I've seen that monster on television. He's blue and hairy.
He's blue when he runs out of cookies....
.
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| User: "Mark K. Bilbo" |
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| Title: Re: OT: Okay so what happened? |
09 Sep 2007 08:24:52 PM |
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On Sat, 08 Sep 2007 20:49:13 -0400, Al Klein wrote:
On Sat, 8 Sep 2007 12:00:30 -0500, "LC" <LC_____@hotmail.com> wrote:
Well, the real estate market is beginning to crash in some selected
areas. In addition, the stock of certain homebuilders and sub prime
lenders are certainly in a tailspin.
"Certain"? The stock of some certain sub-prime lenders is worth zilch -
the companies no longer exist. Even Countrywide is only hanging on due
to HUGE infusions of cash. And they predict a LARGE drop in the number
of new mortgages in the next 12 months, which translates to LARGE drop
in the economy. (They're laying off 25% of their workforce.)
Given the way many Americans have lived *well beyond their means* during
the recent real estate boom/refinance craze, it's not implausible that
the current reversal of trend takes enough folks down to bring on a
recession.
Or a depression. Look at 1928-1929 and you'll see history repeating
itself. Republican "financial responsibility" at work - again.
It's all disturbing. I can't recall the exact figure but housing is a
big, honking chunk of our economy. It and related industries are about
the only areas where jobs have been created for years now.
We could easily unwind back to pre-Greenspan bubble days. Where'd the Dow
be? 9,000? 7,000?
Greenspan's solution to the tech bubble bursting was to push it over into
a real estate bubble. Where's Bernanke going to push it? Tulips?
The only bright spot is that if it happens, it's going to be *real*
*amusing* watching the GOP be wiped off the face of the political map...
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"You believe in a book that has talking animals, wizards,
witches, demons, sticks turning into snakes, food falling
from the sky, people walking on water, and all sorts of magical,
absurd and primitive stories, and you say that *we* are the
ones that need help?" - Jon Stoll
.
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| User: "JTEM" |
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| Title: Re: OT: Okay so what happened? |
24 Sep 2007 02:01:21 AM |
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"Mark K. Bilbo" <gm...@com.mkbilbo> wrote:
It's all disturbing. I can't recall the exact figure
but housing is a big, honking chunk of our economy.
It and related industries are about the only areas
where jobs have been created for years now.
Yeah? And construction is one of the top-four industries
for employing illegal alien labor. So a lot of those
jobs created weren't going to Americans who were unemployed
or entering the workforce, and the wages have gone down
nationally.
.
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
22 Sep 2007 05:19:39 PM |
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On Sat, 08 Sep 2007 11:39:12 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 07 Sep 2007 21:20:24 -0400, Liz wrote:
On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo" <gmail@com.mkbilbo>
wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls in
four years. The figure was shockingly below economists' expectations for
an addition of 100,000 nonfarm jobs. There was also a net downward
revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall
Street Journal."
Uh... Greenspan is expecting a crash?
Nice...
*****. I thought I could retire in two years.
Man, people are rattled.
Of course they are. They don't know from one week to another whether
they'll still have a job. That generate's the tendency to stay away
from any further long financial commitments.
I'm seeing a lot of chatter about whether this
coming Monday will be remembered as "Black Monday".
Depends on if you get the pink slip, or not.
Ummmm... fun...
.
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| User: "JTEM" |
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| Title: Re: OT: Okay so what happened? |
24 Sep 2007 02:11:50 AM |
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stoney <sto...@the.net> wrote:
Of course they are. They don't know from one week
to another whether they'll still have a job. That
generate's the tendency to stay away from any
further long financial commitments.
Not that I couldn't say that I saw it coming (or
quote posts where I say it's coming), but it really
hit home for me some time back when I started to
see a lot of advertisements for car refinancing.
Cars aren't supposed to be long-term dept. The
average car loan today is for 55 months, and
even that is artifically driven upwards by the
people who trade in their cars too soon (like
three years).
When financial situations are changing so much,
so quickly, that enough people have to refinance
their car debt, you know things are bad. Of course
mortgages are going to be in trouble!
.
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
28 Sep 2007 08:09:32 PM |
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On Mon, 24 Sep 2007 00:11:50 -0700, JTEM <jtem01@gmail.com> wrote:
stoney <sto...@the.net> wrote:
Of course they are. They don't know from one week
to another whether they'll still have a job. That
generate's the tendency to stay away from any
further long financial commitments.
Not that I couldn't say that I saw it coming (or
quote posts where I say it's coming), but it really
hit home for me some time back when I started to
see a lot of advertisements for car refinancing.
Understood.
In the last week, or so, I read an article about the 'never ending'
car loan.
Cars aren't supposed to be long-term dept. The
average car loan today is for 55 months, and
even that is artifically driven upwards by the
people who trade in their cars too soon (like
three years).
Yes.
When financial situations are changing so much,
so quickly, that enough people have to refinance
their car debt, you know things are bad. Of course
mortgages are going to be in trouble!
Time to trot out the wife, husband, or both, to pull tricks.
.
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| User: "Mark K. Bilbo" |
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| Title: Re: OT: Okay so what happened? |
23 Sep 2007 06:10:26 AM |
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On Sat, 22 Sep 2007 15:19:39 -0700, stoney wrote:
On Sat, 08 Sep 2007 11:39:12 -0500, "Mark K. Bilbo" <gmail@com.mkbilbo>
wrote:
On Fri, 07 Sep 2007 21:20:24 -0400, Liz wrote:
On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls
in four years. The figure was shockingly below economists'
expectations for an addition of 100,000 nonfarm jobs. There was also a
net downward revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall
Street Journal."
Uh... Greenspan is expecting a crash?
Nice...
*****. I thought I could retire in two years.
Man, people are rattled.
Of course they are. They don't know from one week to another whether
they'll still have a job. That generate's the tendency to stay away
from any further long financial commitments.
I'm seeing a lot of chatter about whether this coming Monday will be
remembered as "Black Monday".
Depends on if you get the pink slip, or not.
Apparently enough did that job creation went suddenly into reverse.
Now people are watching nervously for signs of inflation...
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"Morality is doing what is right, no matter what you're
told. Religion is doing what you're told, not matter what
is right."
- Jerry Sturdivant
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
28 Sep 2007 08:04:43 PM |
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On Sun, 23 Sep 2007 06:10:26 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Sat, 22 Sep 2007 15:19:39 -0700, stoney wrote:
On Sat, 08 Sep 2007 11:39:12 -0500, "Mark K. Bilbo" <gmail@com.mkbilbo>
wrote:
On Fri, 07 Sep 2007 21:20:24 -0400, Liz wrote:
On Fri, 07 Sep 2007 17:54:24 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
I thought the economy was Doing Great! Right? Right?
http://tinyurl.com/2lv94b
"The U.S. economy gave up 4,000 jobs last month, according to a report
from the Labor Department, the first decline in the nonfarm payrolls
in four years. The figure was shockingly below economists'
expectations for an addition of 100,000 nonfarm jobs. There was also a
net downward revision of 81,000 jobs to the previous two months."
MINUS job growth. Not low, negative.
Dow dropped 249.97 points today, gold broke $700.
"The behavior in what we are observing in the last seven weeks is
identical in many respects to what we saw in 1998, what we saw in the
stock-market crash of 1987," said Greenspan, according to The Wall
Street Journal."
Uh... Greenspan is expecting a crash?
Nice...
*****. I thought I could retire in two years.
Man, people are rattled.
Of course they are. They don't know from one week to another whether
they'll still have a job. That generate's the tendency to stay away
from any further long financial commitments.
I'm seeing a lot of chatter about whether this coming Monday will be
remembered as "Black Monday".
Depends on if you get the pink slip, or not.
Apparently enough did that job creation went suddenly into reverse.
Now people are watching nervously for signs of inflation...
/cue 17,000 % inflation.
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
28 Sep 2007 09:26:50 PM |
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On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
--
Al at Webdingers dot com
"They laughed at Newton, they laughed at Einstein, but they also laughed at
Bozo the Clown."
- Carl Sagan
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| User: "Mark K. Bilbo" |
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| Title: Re: OT: Okay so what happened? |
29 Sep 2007 10:12:45 AM |
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On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Pound 2.0466
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
"Oh Log Cabin, full of taste, my stomach is with thee.
Blessed are three among syrups..."
- Homer
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
29 Sep 2007 02:36:06 PM |
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On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Pound 2.0466
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
Off the top of my head, that would be a 50% drop in the dollar. Wasn't
it about 2 to 1 not that long ago?
--
Al at Webdingers dot com
"They laughed at Newton, they laughed at Einstein, but they also laughed at
Bozo the Clown."
- Carl Sagan
.
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
08 Oct 2007 02:57:33 PM |
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On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Not that many years ago that one was about .68 USD
Pound 2.0466
From 1.65-1.68 at the same time as the Canadian was.
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
In the same time frame wasn't the Oz dollar in the .50 UDS area?
.
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
08 Oct 2007 05:15:59 PM |
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On Mon, 08 Oct 2007 12:57:33 -0700, stoney <stoney@the.net> wrote:
On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Not that many years ago that one was about .68 USD
Pound 2.0466
From 1.65-1.68 at the same time as the Canadian was.
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
In the same time frame wasn't the Oz dollar in the .50 UDS area?
About 52 cents before the 2000 election.
--
Al at Webdingers dot com
"They laughed at Newton, they laughed at Einstein, but they also laughed at
Bozo the Clown."
- Carl Sagan
.
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
31 Oct 2007 03:44:59 PM |
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On Mon, 08 Oct 2007 18:15:59 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Mon, 08 Oct 2007 12:57:33 -0700, stoney <stoney@the.net> wrote:
On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Not that many years ago that one was about .68 USD
Pound 2.0466
From 1.65-1.68 at the same time as the Canadian was.
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
In the same time frame wasn't the Oz dollar in the .50 UDS area?
About 52 cents before the 2000 election.
Ta. The UKP, I see is now 2.06 USD per. That's almost at the 2.10
USD it was thirty years ago.
.
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
31 Oct 2007 07:08:04 PM |
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On Wed, 31 Oct 2007 12:44:59 -0800, stoney <stoney@the.net> wrote:
On Mon, 08 Oct 2007 18:15:59 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Mon, 08 Oct 2007 12:57:33 -0700, stoney <stoney@the.net> wrote:
On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Not that many years ago that one was about .68 USD
Pound 2.0466
From 1.65-1.68 at the same time as the Canadian was.
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
In the same time frame wasn't the Oz dollar in the .50 UDS area?
About 52 cents before the 2000 election.
Ta. The UKP, I see is now 2.06 USD per. That's almost at the 2.10
USD it was thirty years ago.
Thirty years ago, the dollar was worth around 2 Marks. Current value
is 1.35 Marks.
An ounce of gold is currently going for $797, around twice what it was
going for 30 years ago, and almost 4 times (by memory - I don't have
my historical data here) what it was going for just before the 2000
election. If Shrub drives the dollar much lower we won't be able to
exchange dollars for Soviet war bonds.
--
Al at Webdingers dot com
"My earlier views of the unsoundness of the Christian scheme of salvation
and the human origin of the scriptures, have become clearer and stronger
with advancing years and I see no reason for thinking I shall ever change
them."
- Abraham Lincoln
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| User: "stoney" |
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| Title: Re: OT: Okay so what happened? |
08 Nov 2007 10:43:06 AM |
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On Wed, 31 Oct 2007 20:08:04 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Wed, 31 Oct 2007 12:44:59 -0800, stoney <stoney@the.net> wrote:
On Mon, 08 Oct 2007 18:15:59 -0400, Al Klein <rukbat@pern.invalid>
wrote:
On Mon, 08 Oct 2007 12:57:33 -0700, stoney <stoney@the.net> wrote:
On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo"
<gmail@com.mkbilbo> wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today it
was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Not that many years ago that one was about .68 USD
Pound 2.0466
From 1.65-1.68 at the same time as the Canadian was.
So... next one to watch to see if they reach parity is the Aussie dollar
currently at: 0.8879
In the same time frame wasn't the Oz dollar in the .50 UDS area?
About 52 cents before the 2000 election.
Ta. The UKP, I see is now 2.06 USD per. That's almost at the 2.10
USD it was thirty years ago.
Thirty years ago, the dollar was worth around 2 Marks. Current value
is 1.35 Marks.
An ounce of gold is currently going for $797, around twice what it was
going for 30 years ago, and almost 4 times (by memory - I don't have
my historical data here) what it was going for just before the 2000
election. If Shrub drives the dollar much lower we won't be able to
exchange dollars for Soviet war bonds.
In 1976 I spent a few days in Paris, France. 100 and 20 come to mind.
IIRC, 100 usd got you 20 francs. Of course, it could have been 20 usd
got you 100 francs. Think it was the former. Did a quick net search
to see what I could find out. Zilch.
.
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| User: "Al Klein" |
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| Title: Re: OT: Okay so what happened? |
08 Nov 2007 07:38:54 PM |
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On Thu, 08 Nov 2007 08:43:06 -0800, stoney <stoney@the.net> wrote:
In 1976 I spent a few days in Paris, France. 100 and 20 come to mind.
IIRC, 100 usd got you 20 francs. Of course, it could have been 20 usd
got you 100 francs. Think it was the former. Did a quick net search
to see what I could find out. Zilch.
According to http://www.oanda.com/convert/fxhistory, the exchange rate
around the beginning of November, 1976, was about 5 francs to the
dollar - about 20 cents to the franc.
--
Al at Webdingers dot com
"Five days or five weeks or five months, but it certainly isn't going to
last any longer than that"
- Donald Rumsfeld, Nov. 14, 20
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| User: "stoney" |
|
| Title: Re: OT: Okay so what happened? |
14 Nov 2007 11:32:44 AM |
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On Thu, 08 Nov 2007 20:38:54 -0500, Al Klein <rukbat@pern.invalid>
wrote:
On Thu, 08 Nov 2007 08:43:06 -0800, stoney <stoney@the.net> wrote:
In 1976 I spent a few days in Paris, France. 100 and 20 come to mind.
IIRC, 100 usd got you 20 francs. Of course, it could have been 20 usd
got you 100 francs. Think it was the former. Did a quick net search
to see what I could find out. Zilch.
According to http://www.oanda.com/convert/fxhistory, the exchange rate
around the beginning of November, 1976, was about 5 francs to the
dollar - about 20 cents to the franc.
Thank you. I do recall nickel cokes were $2.00 each.
.
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| User: "Mark K. Bilbo" |
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| Title: Re: OT: Okay so what happened? |
08 Oct 2007 08:52:07 PM |
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On Mon, 08 Oct 2007 18:15:59 -0400, Al Klein wrote:
On Mon, 08 Oct 2007 12:57:33 -0700, stoney <stoney@the.net> wrote:
On Sat, 29 Sep 2007 10:12:45 -0500, "Mark K. Bilbo" <gmail@com.mkbilbo>
wrote:
On Fri, 28 Sep 2007 22:26:50 -0400, Al Klein wrote:
On Fri, 28 Sep 2007 18:04:43 -0700, stoney <stoney@the.net> wrote:
/cue 17,000 % inflation.
Just before Bush was "elected", the Euro was worth US$0.866. Today
it was worth US$1.414. You do the math.
1.4274 last trade.
Canadian dollar now 1.0056
Not that many years ago that one was about .68 USD
Pound 2.0466
From 1.65-1.68 at the same time as the Canadian was.
So... next one to watch to see if they reach parity is the Aussie
dollar currently at: 0.8879
In the same time frame wasn't the Oz dollar in the .50 UDS area?
About 52 cents before the 2000 election.
0.8932 USD today...
(CAD: 1.0128)
--
Mark K. Bilbo a.a. #1423
EAC Department of Linguistic Subversion
------------------------------------------------------------
“The notion that a radical is one who hates his country
is naive and usually idiotic. He is, more likely, one
who likes his country more than the rest of us, and
is thus more disturbed than the rest of us when he sees
it debauched. He is not a bad citizen turning to crime;
he is a good citizen driven to despair.”
- H. L. Mencken
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