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The change in unemployment from 8.9% to 9.4% would imply job losses of around 750,000 for the month, which makes complete sense if you take out the 220,000 imaginary jobs created by the birth/death adj, and account for new people coming into the workforce that can't find jobs. I'd guess that...

The rumor is that China is slowly exiting out of long term US treas and moving instead to the short term ones to reduce their risk, because if you look out a ways, its pretty obvious that even if the interest does get paid, the dollar is being debased and will eventually be devalued, regardless...

It will put American manufacturers at a HUGE ADDITIONAL cost disadvantage to other global producers, and therefore they will either be forced to move production to those lower cost places, or lose customer orders, or have to sell at a loss to get orders. In addition, it will complicate things...

The trade deficit with China is about $20 billion per month, so it looks like the words "sharply curtailed" are meaning they are only buying about 1/4 that, which means they must be lending or spending the rest in other markets.

The Fed and govt, both parties, have lied to us at every turn so far, so therefore I see no reason to trust them now. Just like the recession that wasn't for a whole year, we are likely in a depression that is equally not going to be admitted, already, I think. The only thing keeping...

Not yet...

There is no other easier out. I would have said easy out, but there are NO easy outs left.

Maybe THIS has something to do with it... China_has_canceled_US_credit_card http://rawstory.com/news/afp/China_has_canceled_US_credit_card_l_04302009.html

2 months shutdown for starters. Same as GM. We'll now see how much the values/prices drop. The increasing ranks of unemployed and underemployed won't be buying new cars any year soon.

I bet you won't find even ONE person on this message board that was long GLD today. I asked on a real time chat with 5000 traders on it and there wasn't even one. So, who is it that's long 1100 tons of GLD? BTW, I heard todays panic was caused by China wanting the IMF to sell ALL its...

Its up to $11 trillion now. Time flies when you are spending like madmen. A billion, a trillion, its only 1000 times more.

Is it any worse holding a bond in a currency that depreciates in value faster than the bonds earn interest?

You are a real sicko, aren't you? Talking your book, I'm sure. Will MI bonds go any lower? How fucking pathetic can you get to bash incessantly like this to make a few more pennies, MAYBE, like anyone here owns an MI bond, anyway? Better keep in mind that if any of those MI folks is in...

Its small enough to never get on the radar. Until they eliminate the rest of the world's manufacturing capacity and unload dollar reserves, I think China will try to keep the yuan very cheap.

It was just a gold bashing thread. He never gave any particular reason whatsoever, so my opinion is that the purpose was to cause fear, uncertainty, and doubt in the mind of anyone long. I added today. I guess we'll see.

Real wealth is "As good as gold". The only thing that has changed is that we spent 70 years borrowing against the future. Gold will endure, as it always has. "Paper is poverty... It is but the ghost of money, not money itself" - Thomas Jefferson "Gold IS money and nothing else" - J...

By this time next year it will be true, or worse.

and the piker is DONE. Only off by 50%+

Rumor is that the gold etf's are LENDING gold to the Fed and BOE for them to lease out to help supress the price. Otherwise, 1/2 of the world's total gold production has gone to the etf this year so far, which doesn't make any sense at all with the price going nowhere and central banks...

The last central banker to be BEHEADED was in Sweden in 1719. I mean it honestly... What should an appropriate punishment be for inflicting a sentence of economic serfdom on the next 4 or 5 generations of Americans just to save some buddies who we owed money to and some jerks on Wall...