I'm Starting A Manure Business

wartrace · Aug 7, 2009

Quote from Scataphagos:

The reality, to which we've not yet adjusted, is that there will be mostly these kind of jobs and few well-paying, middle class ones.

My former employer shut down the factory and shifted production to a newly built plant in Mexico. The production workers at this plant were making 25 dollars an hour. A total of 750 people lost these jobs. They will never find a job paying that kind of money without significant retraining. Most of them will not be able to retrain due to the financial obligations they piled on to themselves. (yes, quite a few just had to have new cars every year & houses they could barely afford)

Scataphagos · Aug 7, 2009

Quote from wartrace:

My former employer shut down the factory and shifted production to a newly built plant in Mexico. The production workers at this plant were making 25 dollars an hour. A total of 750 people lost these jobs. They will never find a job paying that kind of money without significant retraining. Most of them will not be able to retrain due to the financial obligations they piled on to themselves. (yes, quite a few just had to have new cars every year & houses they could barely afford)

Just like Perot said... but his naysayers claimed "he doesn't know what he's talking about".

Trendytrader · Aug 7, 2009

I think we have a greater than 50/50 chance that Obama will end up having to do something just as dramatic within 12 months.....

It will be some form of devaluation ...the question is how and what with?

IanMacQuaide · Aug 7, 2009

Quote from Trendytrader:

I think we have a greater than 50/50 chance that Obama will end up having to do something just as dramatic within 12 months.....

It will be some form of devaluation ...the question is how and what with?

Obama, Fed and Treas. have done a very good job devaluing our dollar.
I guess they could do more, and probably will.
Then we'll see how deep the abyss really is.

Scataphagos · Aug 7, 2009

Quote from IanMacQuaide:

Obama, Fed and Treas. have done a very good job devaluing our dollar.
I guess they could do more, and probably will.
Then we'll see how deep the abyss really is.

We can reasonably say, the $USD has been devalued 100:1 since the creation of the Fed. It has taken nearly 100 years, so has been slow enough to cope with it.

The big problems start to occur when the remaining 1% gets devalued by the next 100:1. At some point, the devaluation gets out of control and goes parabolic... and we'll end up like other 3rd world countries and their currencies. :mad:

Eliot Hosewater · Aug 7, 2009

Quote from wartrace:

Ah, come on Buylo, we just had a little overheating in the real estate sector- no big deal. We are going to climb right back up to the highs we saw before the problems started.

I give it another six months and all that pent up demand will be unleashed, people will start borrowing & spending again. Most people aren't even near tapped out on their credit lines & as soon as real estate starts going up again they can start tapping that equity too!

I am almost positive banks will resume granting easy credit terms again. They have nothing to lose, the government will be there for them when they need to unload any more "troubled assets".

I never really thought transferring private debt to public debt would work but look at the stock market! It's working! We have found a way to sustain the level of economic activity we saw before 2007 indefinitely! All we have to do is keep buying all the bad debt from banks and the economy will keep humming along wonderfully!

The Fed buying Treasuries is working so well, why don't we just have them buy them all from now on? US gummint needs a few tens of trillions? Just call Ben.

ByLoSellHi · Aug 7, 2009

Quote from wartrace:

Ah, come on Buylo, we just had a little overheating in the real estate sector- no big deal. We are going to climb right back up to the highs we saw before the problems started.

I give it another six months and all that pent up demand will be unleashed, people will start borrowing & spending again. Most people aren't even near tapped out on their credit lines & as soon as real estate starts going up again they can start tapping that equity too!

I am almost positive banks will resume granting easy credit terms again. They have nothing to lose, the government will be there for them when they need to unload any more "troubled assets".

I never really thought transferring private debt to public debt would work but look at the stock market! It's working! We have found a way to sustain the level of economic activity we saw before 2007 indefinitely! All we have to do is keep buying all the bad debt from banks and the economy will keep humming along wonderfully!

Thanks for reminding me, wt - nearly half of Americans who "own" their home would have to come out of pocket and pay money at closing to sell it, assuming they could find a buyer.

Green shoots!

ammo · Aug 7, 2009

if you lay off 20%of 100.000 workers,thats 20 out of 100,if you lay off another 20%of 80k remaing,16k,thats 64k left, the unemployment #,s are less, but that doesnt mean good manure for the economy

RussellDaytrade · Aug 7, 2009

Quote from ByLoSellHi:

If the government can claim, with a straight face, that the nation lost 250,000 jobs, and that this is positive news, when 400,000 people had their unemployment insurance benefits run out, and therefore are no longer considered unemployed, even though they are in the real world, and the stock market rallies, then the manure business is going to be a boom industry.

On top of this, P/E ratios are nosebleed high, the real economy continues to worsen at a breakneck pace, state governments are slashing workforces and/or raising taxes/fees, etc., real property values continue to decline, the number of unemployed Americans is at an all time record (and growing), the U.S. Government is running into fundamental resistance in trying to float the debt they need to be purchased to finance their record deficit spending, and corporate insiders sold a billion dollars of their company shares while purchases were in the 10 mm dollar range in the last month.

"GET YER MANURE!" "GET YER MANURE!" "READ ALL ABOUT IT!"

I can picture an old-timey image of a young loud-mouthed paperboy yelling out, 'read all about it, get yer manure, the goverment out with iits latest load of hogwash. read all about it. investors lapping it up. read all about it. the skies the limit. everythings coming up roses. read all about it. happy days are here again. read all about it."
Yep, the manure business is where it's at.

I might even diversify, and use that manure to start a string of greenhouse operations where I can grow me some of them 'green shoots.'

When the truth is unavoidable, despite the horseshit the government is spinning, there will be a very loud, ground shaking, crash taking place.

Champion · Aug 7, 2009

Quote from ByLoSellHi:.. there will be a very loud, ground shaking, crash taking place.

There won't be.

Stop being such a tedious loser with your zillions of posts. Try and get a life, for Gods sake. Start trading successfully. And stop wanking around wasting your time. Just end all your boring bullshitting for once and all.:eek: