If someone understands anything about this last week, fill me in.
I saw a crappy debt plan in Europe that is doomed to fail, existing and new built housing numbers that were as bad, if not worse, that the depths of the recession, shrinking manufacturing numbers in China, flat manufacturing in the US and Europe, ever rising unemployment numbers, $100 oil that will CRUSH the consumer (again), a war in congress over fiat monies in the trillions, a bond market that gave the bird to everyone, earnings that would make you think unemployment was at 1%, Apple making so much money that it should be in some way criminal, equity markets that couldn’t stop screaming higher and a president that looked more confused than a father who is asked by his 7 year-old daughter ‘where do babies come from?’
The NFL can figure it out… Kinda… Maybe???
Meanwhile, the Gridiron Gurus are close, but not 100% there yet… maybe… kinda??? NFL Dog and Pony Saga continues...
Here are a bunch of guys that all WANT to see something done, but can’t get the final numbers to match up, and this is only $150 billion dollars. It has taken 4 months to come to an agreement …
And the Gov’t is trying to figure out how to extend the imaginary USA debt credit card of $14.3 Trillion. I sure hope the 4 months/ $15 billion isn’t a benchmark for time.
The Wizard of Narnia.
All I can see is a repeat of 2008 in the near future. I’m pretty sure that is on the way—debt deal or not, Dow 12,000 or Dow 15,000... there is no way the economy can sustain even this weak level of growth without housing, jobs or any confidence in the government. $100 oil can easily become $120 oil and that is the magic $4/ gallon mark that takes money from Build-a-Bear and sends it to Conoco. Apple is not a Bellwether, and many of these AmAzInG earrings were coupled with planned lay-offs attached.
There is a disconnect between the markets and reality-- In essence, Narnia.
Ultimately, that means one thing… QeTHRee… Commencing in Q3/2011.
Should be fun!
Enjoy that $3.73 CHEAP gas this weekend!
Amy Winehouse - Tears Dry On Their Own (Live - AOL)
http://www.youtube.com/watch?v=f0DPCSRKld4&feature=relmfu
Will someone please explain why US fuel prices are so close to their all time highs? I ask because when oil was $150.00, fuel was approx. $3.85, where I live anyway. Oil is now at $100.00, and fuel is about $3.70. I know that some refineries are taken offline in the summer, but it was summer time when oil was $150.00 and fuel was $3.85 in '08. It doesn't make sense to me.
I too am an idiot and also cannot comprehend it. The same situation occurred in the UK.
make it rain. tom waits
http://www.youtube.com/watch?v=HHAi38kdMe0
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".. i'm born to trouble, born to fate,
inside a promise i can't escape.
.. what she done, you can't give it a name.
you got to make it rain.
make it rain ..." t.w.
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Tom Waits - All the World is Green - Letterman - May 8 2002
http://www.youtube.com/watch?v=pCbMw9oDgB0&feature=related
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" ..he is balancing a diamond on a blade of grass." t.w.
Hmmmmm, perhaps WB7 can help with them graphics apeak?
ORI
This explains it with no real solutions...
new post with only 113 views when i first saw it.
http://www.youtube.com/watch?v=Pwwyh7lKtXQ
Interesting video but he is advocating Fascism in order to prevent Socialism or Comunism. Sorry, but the State is not the answer but the problem. He points at the increases in productivity and the economics of efficiency as displacing jobs but makes the same mistake as the Luddites. He forgets that the machine needs someone to build the machine, and someone to repair it and someone to transport it to the factory. Yes, machines displace workers from the now obsolete jobs but new jobs are created by its mere existence. If reduced efficiency was the answer, how about the State orders every one's right hand cut off? That way we would all be 50% less efficient and twice as many of us would have to be hired. Sheesh. He also mentions the WWII productivity without acknowledging that during WWII production was redirected by the State to fill war time needs at the cost of consumer level production ( rationing anyone?) The big economic boom did not occur until after the war when the production was allowed to return to consumer demanded goods. The race to catch up from the misallocation of production during the war caused to boom, not the war itself. He means well, but needs to dig deeper.
Where do I start... so many fallacies and omissions in that video. As comment there said, no mention of the effect money supply has on economic cycles to explain booms and busts... the video criticises socialism but wants to redistribute the means of production... it's essentially 14 minutes of the lump of labour fallacy.