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    Happy Hanukkah

    שלום על פני האדמה
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    "Going to see economic times the likes of which no living person has seen" G. Celente

    Let's see if Celente is right or wrong - 2008 is out soon, but he may just miss the mark if this happens in 2009. http://www.upi.com/Business_News/2007/11/19/Forecast_US_dollar_could_plunge_90_pct/UPI-48761195499806/ Business News View archive | RSS Feed Forecast: U.S. dollar could...
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    Japanese Companies Cut Production The Most In 55 Years

    To put things into context: 2008 - 55 = 1953 The sharpest contraction in Japanese factory production since 1953.... http://www.bloomberg.com/apps/news?pid=20601087&sid=a8HsMxADEi6o&refer=home Japan’s Recession Deepens as Factory Output Plummets (Update2) By Keiko Ujikane and Toru...
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    Jews, Particulary, Feel Betrayed by Madoff

    As a Jew, this article and its title bother me. It insinuates, to some degree, that getting scammed by someone who happens to be Jewish is less vexing if the victim is a gentile, as opposed to a Jew. http://www.nytimes.com/2008/12/24/us/24jews.html?_r=1&em In Madoff Scandal, Jews Feel...
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    Prelim Holiday Sales Are In; They Are Grim

    "Total sales of luxury goods - defined as the highest priced tenth of jewelry, clothing and leather goods - fell 34.5 percent. Sales of electronics and appliances were down 26.7 percent, leaving electronics retailers more rattled than any others." I've never, ever seen YoY decreases even...
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    "Worst Corporate Jet Market Ever Seen": Market in 'Free Fall'

    Market for Corporate Jets Goes Into Free-Fall http://www.nytimes.com/2008/12/25/business/25jets.html?_r=1&hp A plane owned by Netjets, a fractional leasing service, parked at Teterboro Airport, in New Jersey. By GERALDINE FABRIKANT Published: December 24, 2008 Maybe General...
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    UNBELIEVABLE!!! Japanese credit rating agency questions US ability to repay debt

    No joke. This is pretty scary stuff. http://www.bloomberg.com/apps/news?pid=20601087&sid=aFgHlh.Dn4Lc&refer=home
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    Madoff investor commits suicide in New York

    Shitstorm is right. This is just the beginning. When money becomes peoples' master, you begin to see the fruit of such a disaster.
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    Absolutely 'Frozen' Shipping Ports, From Long Beach to Singapore Mean "Bleak 2010"

    Frozen Ports in Long Beach, Singapore Mean Bleak 2010 http://www.bloomberg.com/apps/news?pid=20601109&sid=avcTZKlpHRqw&refer=home By Michael Janofsky and Mark Drajem Dec. 23 (Bloomberg) -- Chris Lytle, chief operating officer of the port of Long Beach, California, took in a panorama...
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    Too broke to get a divorce?

    Yep. The only thing I'll add is that DO NOT HAVE KIDS until you are as sure as reasonably possible that you love your spouse, or at the least, think they'll make a great parent. Children change the entire equation. And if you happen to love your spouse AND they're a fantastic parent...
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    Toyota predicting 1st loss in 71 years; Hyundai & Samsung Hurting: Asian Deep Trouble

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aoEmseX7xG5M&refer=home Asian Stocks Fall as Global Recession Deepens; Hyundai Retreats By Sarah Jones and Shani Raja Dec. 23 (Bloomberg) -- Asian stocks fell for a third day as Toyota Motor Corp. forecast a loss and China cut...
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    Video: Marc Faber Says 2009 To Be "Catastrophic" or Global Economy: His Words

    http://www.bloomberg.com/avp/avp.htm?N=av&T=Faber%20Says%202009%20to%20Be%20%60Catastrophic%27%20for%20Global%20Economy&clipSRC=mms://media2.bloomberg.com/cache/vh4CZyP0iSKg.asf
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    Video: Fischer 'Worst of Real Recession Yet to Come': Could Be 'Depression-Like'

    http://www.bloomberg.com/avp/avp.htm?N=av&T=Fischer%20Says%20Worst%20of%20%60Real%27%20Recession%20%60Yet%20to%20Come%27&clipSRC=mms://media2.bloomberg.com/cache/vm3oyHPsxgj8.asf
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    Global Race to Stop Deflation is A Losing Battle: Trade Wars & Protectionism Near

    I'm in the quasi-Depression camp, firmly. ...less severe than the Great Depression, but far worse than any recession we've seen in 50+ years.
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    Al Sharpton, Jesse Jackson, Jr., and Don King Don't Care Two Shits About Black People

    I can't stand Bush. I think he's one of the worst Presidents of all time, and almost by any measure. Having said that, I must be 'fair and balanced,' and also state that I don't think Al Sharpton, Jesse Jackson, Jr., or Don King care any more about the plight of African Americans than Bush...
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    Global Race to Stop Deflation is A Losing Battle: Trade Wars & Protectionism Near

    With a rapid deterioration in financial markets in the developed world, and astounding drops in manufacturing output in both the developed and developing markets, it is a near certainty that some degree of protectionism and trade disputes, coupled with charges of currency manipulation (or maybe...
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    Bargain-Crazed Shoppers Lie & Haggle for Cheaper Luxury Bags, Uggs - Manhattan Also

    http://www.bloomberg.com/apps/news?pid=20601093&sid=awBO49lPgMK4&refer=home Bargain-Crazed Shoppers Lie and Haggle for Cheaper Bags, Uggs By Allison Abell Schwartz Dec. 19 (Bloomberg) -- Susana Ortega was shocked when a woman walked into B.O.C., the Manhattan boutique where she...
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    Shopping Mall Traffic - post your experience

    Foot traffic is meaningless. There are tons of people clamoring for 'door busters' and loss leader items such as plasma/lcd TVs and other low margin items. The sharpest retail analyst in the world has predicted a 20% to 25% bankruptcy rate for American-based retailers after the final...
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    Currency Wars: The Race For Export-Dependent Countries to Devalue Their Currencies

    It is on. Japan and Germany have gotten hammered on the back of the relative strength of their currency valuations - even with the pop in the U.S.D. versus the euro recently. BOJ announced major stimulative measures yesterday officially to 'fight deflation,' but more appropriately designed...
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    I hate calls on ET, haven't done it in years. But OIL is at Bottom

    I learned my lesson to not do this a long time ago, or if I did do it, to put plenty of caveats and qualifiers in to ease the pain, and to remind myself we can all have a thesis, but we really are all just gambling, even if there's different measures and tolerances of and for risk... Oil...
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