Well said, but it's also worth noting that when one country acts alone it's called manipulation. When the whole damn world acts in concert, it's called a rescue--for the lack of a more imaginative term. This also applies to inflation as well. If one nation devalues it's currency, that's one thing. Should the whole damn world devalue at the same time, as I believe it will happen sooner than later, than the current notion of inflation will be a foregone conclusion.
The whole rally since march was a massive transfer of wealth
- Thread starter jnorty
- Start date
Don't know what planet you live on but I was at Applebee's on a weekend at dinner time not long ago and there were something like 6 people there -- six! It was so empty you could hear an echo in the damn place.
Quote from S2007S:
Have to agree, it might feel like a recession to some, but for 90%+ of the population it feels just like it was when the economy was at the height of its game.
I mean people are still buying and leasing $50k+ vehicles like Lexus, Audi and Infiniti, people are still throwing $50k weddings and spending hundreds of dollars at whole foods for just a few bags of groceries, the lines at your local department stores are still crowded as if it is christmas 2005, movie theaters are still packed, there is still an hour wait at the cheesecake factory on weekends.
The credit crisis might have caught a few off guard but the quick fix by bubble ben bernanke has done wonders for the consumer like $4500 towards new cars and $8000 tax credits for people buying houses, I mean this is just great for anyone taking advantage of the system. Foreclosures are being limited by new programs set forth and even people unemployed are getting the chance at 99 weeks of unemployment benefits. This is not a recession but a time for many to understand that no matter how much risk the banks take there is always someone to back them up and help them when times are tough, I mean the printing press and those worthless dollars being thrown around the system is the best fix I have ever seen. Of course the next problem that lies ahead is just another massive inflated credit bubble that when it finally does deflate and sets off even more problems that instead of only waiting 6 months for the recovery, we will have to wait about 8 months.
all a fucking joke!!!!!
remember that.
Strangely enough I have been to Applebee's twice in the last month. Place was packed, had to wait for a table both times.
I think your Applebee's Indicator needs some fine tuning before we put it into full scale use..
It is all about where you live. I live in Brooklyn, and had it not been for media I would not even know about Great recession. Most of tri state area does not really feel it.
I know few people whose consulting income dropped from 250k+ to 130k+, few small business that were selling crap closed, but that is about it. Luxury car buying, vacations, restaurants and so on doing fine.
I know few people whose consulting income dropped from 250k+ to 130k+, few small business that were selling crap closed, but that is about it. Luxury car buying, vacations, restaurants and so on doing fine.
What bonuses have the banks received? I dont think one tarp player has completly paid back the money; maybe parts of it, maybe made a promise to pay but hasnt paid the total bill. Citi is all over the news for promising to pay back 20 million ,well they took 45 million the frickin dirty dogs! Aig, bof A, Gs, ms, Citi, those businesses are messed up for some time to come! OBama and his spin that everything is recovering is foolish. He tells us what he thinks we want to hear. The economic recovery was to keep us out of a depression but we are recovering from that depression! The tsunami of bankruptcies hasnt even begun. Check out your grocery prices and let me know if you think they are high, like really high! What will happen when the grocery store chains go bankrupt! Due to the unemployment numbers and the unemployment checks. Trading keeps you insulated from the real world but even that world is going to get slugged due to the taxes attached to trading. If your winning you better be winning big. hahah One reason why i dont mind losing!
There is no fucking American Dream , this system is created to take your money , let me ask you folks? Where are the jobs?
In China , this country makes nothing but arms , and main guy
who trades it is Uncle Sam. Stock market is like mouse trap ,
regular folk stand no chance to beat it , but it's still legal.
In China , this country makes nothing but arms , and main guy
who trades it is Uncle Sam. Stock market is like mouse trap ,
regular folk stand no chance to beat it , but it's still legal.
Well, I already have beat it, but I agree the larger system was created to milk the masses.