no way that a union retiree can pull down $60 hr equivalent in benefits for sitting on his ass.
while Mexicans make $4.50 an hour on the assembly line.
this race was lost decades ago.
I was a kid during the 73-74 bear that saw the DOW drop 80%.
things are worse now, since we are entering this crash so far in the hole, it will take years to climb out.
unemployment will likely top out in the low teens
hideous, I say
I say we hire this guy for future FED meetings...at least he hits what he aims at.
http://www.nbcnewyork.com/news/local/Councilman-Arrested-for-Peeing-on-Crowd.html
yep it's true that a default swap was a contractual agreement between the bondholder and swap writer..
but then some wide skulls on the street started computer pricing models to base naked swap sells on..
and you have an swap market 62 trillion in size
and yes, it is wild shit.
the message the rest of the world should be prepared to confront is - you get invaded, dont call 1-800-UncleSam.
no one will answer
Russia will reconstruct its old empire.
an opinion of course
I have uncirc. silver eagle coins but prefer to keep them.
and yea, a 100% arb. over spot is very lucrative...
the busted silver price on the Comex smacks of hedge funds having to puke up their long positions due to redemptions etc.
I've never seen the physical market and the futures...
spot for silver is $10 give or take yet silver eagles on ebay are going for $20
shops around here are out and there is a 15 week wait time for delivery