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Tax receipts are going up because they keep printing more dollars, which us traders end up with as profits, and we pay 50% of it in tax. We produce nothing. We play games on our screens and consume. The dollars buy less and less each year. The higher revenue is just a function of the...

The transplants have costs around the $27 to $30/hr range. You need to understand that the $70/hr number at GM or Ford or Chrysler includes the cost of healthcare and retirement. The transplants don't have huge numbers or retirees sucking the life out of them. The cost in China for that...

I'm an ex-CFO. When I was in college I had 8 A+'s in cost accounting out of 8. It has nothing to do with ego. I worked in automotive cost accounting and systems for 20+ years. Facts, facts and more facts is all. At GM, they pay workers about $70/hr last I heard. In China, the average...

The post above must be a joke or attempt at satire. India OR China can produce cars they can SELL at a PROFIT for $2500. Think about that. Add $600 to ship it here, big deal. The old big 3 can't make anything for less than $12000 here and make a profit on it. Rethink your numbers if...

I emailed CNBC, CNBC Europe, and Bloomberg. None of them replied, and none of them mentioned the year on year numbers, and none mentioned its the lowest recorded since the spring after 9/11. Instead they all have kept saying new home sales "soared", as though its some sort of "conundrum" why...

A lot of South Americans use U.S. dollars as money, so its an important event, because they will spend or trade those dollars and move to the new currency. Look how fast they are doing it, too! I wonder what's the rush?

Regional currency to replace dollar in Argentina-Brazil trade 15:44 | 23/ 05/ 2007 BUENOS AIRES, May 23 (RIA Novosti) - Argentina and Brazil, South America's two largest economies, will drop the U.S. dollar in favor of a regional currency in their bilateral trade starting in October 2007...

What bothers me is that they seem to be trying to manipulate the market, for example homebuilder stocks, and mislead the retail investors that are not sharp enough to look into the details of what was reported. A 19% decline year on year in combination with 15% freebies added to cost, but not...

I wonder how many people knew that? Apr 07 981,000 Apr 06 1,198,000 Maybe that's why the builder see things as still gloomy while the bubble heads on TV pump away

China up 4.5%, LOL

They just closed early and threw the customers out in China yesterday to stop the selling. My guess is today there is some sort of organized support, like our "working group" intervening to prevent a crash so far today. Yen is rising, so there is reason to unwind carry trades. Gotta sell to...

Actually, I *DO* agree with that, but I try to buy cheap and sell at some reasonable profit. That can take 3 months, 6 months, or a year, but its sweet when you take the profits off the table and THEN it goes down.

LOL, we gonna party like 1999

We *WOULDN'T* *HAVE* $3.50 gas today if they had put a 50 cent per gallon tax on it in December when I loaded all my fuel jugs at $2.17 because it had gotten so cheap. Demand would have declined, and the price of the oil itself would have declined, just like its going to do now that the...

Just like the last time, and the time before, and the time before that. God help us when the government "saves" us.

"Contract between generations" Thats just a high and mighty way to say its a FRAUD stealing from the next guy until there aren't enough next guys left to steal from! Just because it was DESIGNED AS A PONZI SCHEME doesn't make it right, or anything you'd want to perpetuate. They only...

Exited all GLD and miner positions on housing numbers this am. Support is broken and GLD sellers will push spot price down. Miners falling faster than gold, so I'd guess it has farther to go. Looks like a dip to try to get to the $630's now, so I'm out till things change. Just my...

Yes, the US manipulates its currency, but in a different way than China. They intervene in the markets to hold a particular price. We print so many dollars and borrow/spend so much that nobody can figure out what to do with them all. Neither is good, IMO.

Well, I was way wrong

Bought my puts back this am when it was about $70, I think Doing ok, so far. I don't believe it NEEDS to go anywhere in particular. I like Amazon, and just bought a notebook cooler from them, but they need to figure a way to make real money per share to be able to support a high share...