http://finance.yahoo.com/news/Wall-Street-wilts-as-new-rb-2110490357.html?x=0&sec=topStories&pos=main&asset=&ccode=

There is talk of a SECOND stimulus. This is a "Hail Mary" throw by Obama. We are really fucked guys. How do you feel about this? When is ENOUGH, enough? What about hyperinflation?

End Game Wrote:
-------------------------------------------------------
> http://finance.yahoo.com/news/Wall-Street-wilts-as
> -new-rb-2110490357.html?x=0&sec=topStories&pos=mai
> n&asset=&ccode=
>
> There is talk of a SECOND stimulus. This is a
> "Hail Mary" throw by Obama. We are really fucked
> guys. How do you feel about this? When is ENOUGH,
> enough? What about hyperinflation?


That's why gas prices are now higher than under the Bush Administration, as are interest rates.

Oh wait....THEY AREN'T!

I'm not sure there is anything that can be done.

Next is the devaluing of the dollar...

I didn't see too much in that link about a second stimulus other than the quote of "there is talk", but if they did it would be insane.

1. Most of the 1st stimulus money hasn't even been sent out yet.

2. We'd have to borrow more money, and if China is worried now, do you think they'd lend us more? We can't get any more money.

3. You have to let the economy work itself out at some point. The impatience of politicians never ceases to amaze me, but give them some credit - they are working diligently trying to find a way to finally kill this country. They'll get it right at some point.

__________________________________
That's not a ladybug, that's a cannapiller.

WashingTone Locian Wrote:
-------------------------------------------------------
> End Game Wrote:
> --------------------------------------------------
> -----
> >
> http://finance.yahoo.com/news/Wall-Street-wilts-as
>
> >
> -new-rb-2110490357.html?x=0&sec=topStories&pos=mai
>
> > n&asset=&ccode=
> >
> > There is talk of a SECOND stimulus. This is a
> > "Hail Mary" throw by Obama. We are really
> fucked
> > guys. How do you feel about this? When is
> ENOUGH,
> > enough? What about hyperinflation?
>
>
> That's why gas prices are now higher than under
> the Bush Administration, as are interest rates.
>
> Oh wait....THEY AREN'T!

Youre basing the rise and fall of the nation based on what interest rates are and what gas prices are?

Glad the world is so simple and that we can ignore 1) unemployment, 2) inflation, and 3) debt levels

Not even sure where they will get the money for a 2nd stimulus. Other than just printing money with no backing - I don't think the Chinese (or any other nations) are willing to extend us much more credit.

America needs to have businesses that produce products that no one else in the world has, or makes cheaper, or better. Things that are actually useful and not just "yet another" fast food chain. This nation has gone totally to consumer mode, and our base labor is so expensive that we can't produce products to compete price-wise with many of these other countries since many of them (see China) don't have fair wage and labor laws like we do in the US, and they would never allow for Unions to be created other than ones that are subservient to the needs of the "State". Green jobs aren't going to cut it in the future - no one outside our country will be able to afford them.

The sad thing is, it won't just be the rich people that get fucked when this shit comes tumbling down.

ITRADE Wrote:
-------------------------------------------------------
>
> Youre basing the rise and fall of the nation based
> on what interest rates are and what gas prices
> are?
>
> Glad the world is so simple and that we can ignore
> 1) unemployment, 2) inflation, and 3) debt levels

He was responding directly to your fears of hyperinflation.

Interest rates are low, and consumer prices are not at anywhere near an all time high, or even beginning to inch upward. Thus, your fears of hyperinflation are unfounded. (at least at this point, and for the foreseeable future.)

Registered Voter Wrote:
-------------------------------------------------------
> Not even sure where they will get the money for a
> 2nd stimulus. Other than just printing money with
> no backing - I don't think the Chinese (or any
> other nations) are willing to extend us much more
> credit.
>
> America needs to have businesses that produce
> products that no one else in the world has, or
> makes cheaper, or better. Things that are actually
> useful and not just "yet another" fast food chain.
> This nation has gone totally to consumer mode, and
> our base labor is so expensive that we can't
> produce products to compete price-wise with many
> of these other countries since many of them (see
> China) don't have fair wage and labor laws like we
> do in the US, and they would never allow for
> Unions to be created other than ones that are
> subservient to the needs of the "State". Green
> jobs aren't going to cut it in the future - no one
> outside our country will be able to afford them.
>
> The sad thing is, it won't just be the rich people
> that get fucked when this shit comes tumbling
> down.


I think the second and third stimulus packages will be just that, if they ever come to pass, fiat money.


Just like the loss off a local business depresses the local economy and sends money out of circulation in that area and into circulation somewhere else, the same goes for a nation.

BTW, people buying all that cheap chinese crap at Walmart only THINK they are getting a good deal and saving money. The problem with this form of capitalism is that too many of the costs are hidden and intentionally obfuscated from the consumer. Buying a lawn chair made in America for $20 might cost more at the register, but buying the chinese made lawn chair for $10 is not going to save you $10 in the long run.

Quote

NEW YORK (Reuters) - Socks fell to their lowest level in 10 weeks on Tuesday as talk of a second government stimulus plan heightened fears that the economy is not yet on the path to recovery and that the corporate earnings season starting this week will be weak.

they should totally get the socks that have the elastic at the top.


"the wisdom of the wise will perish, the intelligence of the intelligent will vanish."

Gravis Wrote:
-------------------------------------------------------
> NEW YORK (Reuters) - Socks fell to their lowest
> level in 10 weeks on Tuesday as talk of a second
> government stimulus plan heightened fears that the
> economy is not yet on the path to recovery and
> that the corporate earnings season starting this
> week will be weak.
>
> they should totally get the socks that have the
> elastic at the top.

I thought banker types and government types all wore those little "sock garters" (or "sock suspenders"?) even when they wear shorts.

But seriously, why are we still focused on quarterly earnings reports? Isn't short-term-itis part of the problem?

Warhawk Wrote:
-------------------------------------------------------

> 3. You have to let the economy work itself out at
> some point. The impatience of politicians never
> ceases to amaze me, but give them some credit -
> they are working diligently trying to find a way
> to finally kill this country. They'll get it
> right at some point.


i wouldnt even blame this on the politicians, I would say that its the people that are always impacient... the politicians just want to look like theyre getting something done.

\



Edited 1 time(s). Last edit at 02/29/2012 03:04PM by Alias.

Well, they already lost T Boone Pickens... I wonder how long until Warren Buffet comes out swinging? I am betting his "plan" included him making a lot of money at some point...

http://abcnews.go.com/Business/story?id=8039651&page=1

WashingTone Locian Wrote:
-------------------------------------------------------
> End Game Wrote:
> --------------------------------------------------
> -----
> >
> http://finance.yahoo.com/news/Wall-Street-wilts-as
>
> >
> -new-rb-2110490357.html?x=0&sec=topStories&pos=mai
>
> > n&asset=&ccode=
> >
> > There is talk of a SECOND stimulus. This is a
> > "Hail Mary" throw by Obama. We are really
> fucked
> > guys. How do you feel about this? When is
> ENOUGH,
> > enough? What about hyperinflation?
>
>
> That's why gas prices are now higher than under
> the Bush Administration, as are interest rates.
>
> Oh wait....THEY AREN'T!

Lone Toc - You Idiot.

Gas prices reflect a commodity price. Bad economy = less demand = lower price.

Interest rates are down because the housing market is dead and saturated.

These are lagging indicators directly related to a bad economy.

I must congratulate you though, you did not once use Bush in your excuse.

Boo Boo Bear Wrote:
-------------------------------------------------------

>
> Lone Toc - You Idiot.
>
> Gas prices reflect a commodity price. Bad economy
> = less demand = lower price.
>

As we saw with the run-up in gas last year, gas is not strictly a commodity whose price is determined by supply and demand. Gas prices are impacted significantly by speculation in the oil market. Investors have been using commodities, such as gold, as a hedge against inflation. In fact, many leading market analysts are telling investors to put their money into commodities at this time. If there were a risk of hyperinflation, where is money going to go? Stocks? Real estate? No. Commodities.

> Interest rates are down because the housing market
> is dead and saturated.
>

But if hyperinflation were a real risk at this time, rates would be on the rise. They have stabilized and are beginning to track back down. As for dollar strength, raising interest rates are another way to counter a weak dollar. We aren't seeing that.

> These are lagging indicators directly related to a
> bad economy.
>
> I must congratulate you though, you did not once
> use Bush in your excuse.

I have to congratulate you for being brave enough to talk about something you know nothing about.

WashingTone Locian Wrote:
-------------------------------------------------------
> Boo Boo Bear Wrote:
> --------------------------------------------------
> -----
>
> >
> > Lone Toc - You Idiot.
> >
> > Gas prices reflect a commodity price. Bad
> economy
> > = less demand = lower price.
> >
>
> As we saw with the run-up in gas last year, gas is
> not strictly a commodity whose price is determined
> by supply and demand. Gas prices are impacted
> significantly by speculation in the oil market.
> Investors have been using commodities, such as
> gold, as a hedge against inflation. In fact, many
> leading market analysts are telling investors to
> put their money into commodities at this time. If
> there were a risk of hyperinflation, where is
> money going to go? Stocks? Real estate? No.
> Commodities.
>
Commodities indicies are running a 7 day down period rigth now.

I wonder how many of the folks declaring Obama's Presidency a failure after six months were insisting Bush needed more time after six years?

[



Edited 1 time(s). Last edit at 02/29/2012 04:23PM by Alias.

Alias Wrote:
-------------------------------------------------------
> formerhick,
>
> Your president will soon be determining which
> medical procedures you will be allowed, after
> considering your age, your medical history, your
> family history, your life style.... and,
> weighing those factors against the cost of
> keeping you alive.

Insurance company bureaucrats already do this, or they do it before the fact by denying coverage for 'pre-existing conditions' or charging exorbitant rates.

> Daddy will be intruding into every aspect of
> your life. If his energy nightmare passes, and it
> probably will, one of his Czars will instruct
> some bureaucrat to inspect your house to make
> sure you’re not hurting the GLOBE.

I remember these scary government stories told in the 1990s.

> Cap and Trade is the biggest scam that has ever
> been used to get all the stupids to bow to
> Daddy.

Bare assertion. Niiiice.