America’s economy risks mother of all meltdowns

[local 12 proud]

"12", your a child, you act like a 12-year old, from your own local, and a Irish-NAZI, at that- The death march at Batan, has nothing to do with (your) NAZI-SWASTIKA, inclinations on this Blog. You chose this symbol becasue you love it. You should have been born during a different time, and should have been a inmate at one of the Concentration Camps- If so, you might have a different point of view. In addition, since we are talking about the Nazi era. My uncle was on the USS Houston, in the Asiatic Fleet. I am sure you remember the Movie (true) "The Bridge over the River kwai", guess who built that Bridge under "duress/sickness/torture" for the Japanese? Do your homework Mfk'r ....YOUR A SICK INDIVIDUAL, SICK......... :down:

Surely thats not all the insults you could come up with?

...and you call me the child!!!!

 

[UAL_TECH]

Like my new avatar?

 

[delldude]

Surely thats not all the insults you could come up with?

...and you call me the child!!!!

You should have been born during a different time

Hey Local 12...they tell me timing is everything in this life........

Amerikan Air........you forgot to mention the Irish SS's biggest contribution to the war effort....


THE POTATO MASHER

 

[American Air Surf]

Hey Local 12...they tell me timing is everything in this life........

Amerikan Air........you forgot to mention the Irish SS's biggest contribution to the war effort....


THE POTATO MASHER

Might as well as be a German Potato Masher,- Welcome to- "The Ghost in the Machine"- in the U.S. Economy.

http://www.rgemonitor.com/blog/roubini/252471/ 😱 , better run for cover....

 

[delldude]

What does one expect from people who forgot long ago how to wish and save like our parents did.

Easy credit....easy fools......

 

[Gilding the Lily]

What does one expect from people who forgot long ago how to wish and save like our parents did.

Easy credit....easy fools......

Dell, speaking of fools...

Just recently, many investors just bought more debt from some of the I-Banks. This is the same high-yield debt instruments that caused some of the havoc recently... and is the same debt that the bank's couldn't get off their balance sheets once everything went down. So, the banks rebundled the debt from bankrupt bank lines and LBO waste together with more appealing stuff, and sold them in a private placement as a CLO. And it doesn't hurt that the banks will call it something very patriotic, like "Freedom CLO." Of course, some PE groups get into the mix... mostly because it is high reward if it works out (and it usually is no skin off the fund manager's back).

Perhaps it is bargain hunting at its best... perhaps not?

 

[delldude]

Dell, speaking of fools...

Just recently, many investors just bought more debt from some of the I-Banks. This is the same high-yield debt instruments that caused some of the havoc recently... and is the same debt that the bank's couldn't get off their balance sheets once everything went down. So, the banks rebundled the debt from bankrupt bank lines and LBO waste together with more appealing stuff, and sold them in a private placement as a CLO. And it doesn't hurt that the banks will call it something very patriotic, like "Freedom CLO." Of course, some PE groups get into the mix... mostly because it is high reward if it works out (and it usually is no skin off the fund manager's back).

Perhaps it is bargain hunting at its best... perhaps not?

Where's Michael Milken these days?

 

[Gilding the Lily]

We will if he follows through on his vote-pandering promise of ridding America of NAFTA. But, hopefully and undoubtedly, it is just "talk" that will wither away once the excitement of electing a Dem as president rubs off.

My hope -- and less than inspirational foretelling -- appears to be coming to fruition. I am glad that Obama is coming to his senses.

"In an interview with Fortune to be featured in the magazine's upcoming issue, the presumptive Democratic nominee suggests he doesn't want to unilaterally blow up NAFTA after all."

"Sometimes during campaigns the rhetoric gets overheated and amplified, he conceded, after I reminded him that he had called NAFTA "devastating" and "a big mistake," despite nonpartisan studies concluding that the trade zone has had a mild, positive effect on the U.S. economy."

What Obama says now is that he believes in "opening up a dialogue" with trading partners Canada and Mexico "and figuring to how we can make this work for all people. That tone stands in marked contrast to his primary campaign's anti-NAFTA fusillades."

Obama: NAFTA not so bad after all

 

[American Air Surf]

My hope -- and less than inspirational foretelling -- appears to be coming to fruition. I am glad that Obama is coming to his senses.

"In an interview with Fortune to be featured in the magazine's upcoming issue, the presumptive Democratic nominee suggests he doesn't want to unilaterally blow up NAFTA after all."

"Sometimes during campaigns the rhetoric gets overheated and amplified, he conceded, after I reminded him that he had called NAFTA "devastating" and "a big mistake," despite nonpartisan studies concluding that the trade zone has had a mild, positive effect on the U.S. economy."

What Obama says now is that he believes in "opening up a dialogue" with trading partners Canada and Mexico "and figuring to how we can make this work for all people. That tone stands in marked contrast to his primary campaign's anti-NAFTA fusillades."

Obama: NAFTA not so bad after all

It's to LATE, to get out of NAFTA. The "energy" noose is around our neck, along with....this ////


http://www.telegraph.co.uk/money/main.jhtm...18/cnrbs118.xml

 

[Gilding the Lily]

if I was a betting man, I would put all my money on Lehman being next.

No one can really say that they didn't see Lehman's downfall coming. It was apparent to me (and to many others) as early as March of this year. Including the fed... which may have been a factor in letting Lehman file for Bankruptcy. As UAL_Tech pointed out in his thread, this Monday morning has been interesting.

seriously doubt Bear Stearns is a value purchase, by J.P. Morgan at $2.00/shr, even though it was trading at $30.00/shr. As far as J.P. eliminating competiton, with the buy (Which by the way, is the same thing, that literally happened on Jekyll Island in 1913, with Mr. Morgan and his buddies (Creation of the Federal Reserve). Which, should also give you pause, as to what the Fed will do when Lehmann Brothers goes down?

Didn't give me pause and, apparently, didn't give the fed much pause as well. What do you think now AAS?

 

[freedom]

What does one expect from people who forgot long ago how to wish and save like our parents did.

Easy credit....easy fools......

wish and save my ass , our parents simply were not GIVEN the chance or the credit to spend like we could ..

Would most of us rather be living in our dream houses now or when we're 60 ? driving the hot car of our dreams now or when we're in our 40's or 50's ?

You know what most americans response to "save like our parents " was ? "screw that " and i'm one of them ...you gotta get it while it's good ... i thank the credit instititions for giving oh so much money ... if you didn't get on the credit train , then i'm sorry to report it's left the station already ...chooo chooo ....

folks , if you got credit cards , can i suggest you use them now , or start to ....


Don't worry , the economy might be doomed , but america will survive .. i can already see what Plan B is for our nation ..

 

[American Air Surf]

:jerry:

No one can really say that they didn't see Lehman's downfall coming. It was apparent to me (and to many others) as early as March of this year. Including the fed... which may have been a factor in letting Lehman file for Bankruptcy. As UAL_Tech pointed out in his thread, this Monday morning has been interesting.



Didn't give me pause and, apparently, didn't give the fed much pause as well. What do you think now AAS?

Well, considering the following articles- I would say, get used to the saddle, This horse has a long way to run- Berneke & Paulson, are wondering if there is another Rabbit to pull out of the hat, here in Wonderland- If I were Alice, I would be heading for the hills- We are in deep Sh*t, and like I said before- We will be in a hyper-inflationary Depression by 2010- If not sooner! Uncle Ben, keep those printing presses running, the Dollar is going lower, and Oil will go higher, along with commodities...

http://www.lifeaftertheoilcrash.net/BreakingNews.html

:jerry:

 

[Gilding the Lily]

I would say, get used to the saddle, This horse has a long way to run- Berneke & Paulson, are wondering if there is another Rabbit to pull out of the hat, here in Wonderland- If I were Alice, I would be heading for the hills- We are in deep Sh*t,

:jerry:

Do you truly even believe what you post? Are you heading for the hills? Are you in the hills already?

Curious; what does "the hills" mean for you? Some people on these boards always talk about moving to alaska... is it the same for you?

 

[American Air Surf]

Do you truly even believe what you post? Are you heading for the hills? Are you in the hills already?

Curious; what does "the hills" mean for you? Some people on these boards always talk about moving to alaska... is it the same for you?

Gyno- If I didn't believe it, why would I post it? Matter of fact, there are more than a few sources in the link I posted. As far as moving to Alaska- I just got back, Sitka, Haines..etc.., was up there a month. Move there, damn straight- How about you? Still tending Bar in CHI-Town? I have read some of your other posts, in response to others- They don't even believe half the Sh*t, you post- Hmmm, What else can you expect from a Bar Tender? Cheap talk, and Brain Riot-

 

[Gilding the Lily]

Gyno- If I didn't believe it, why would I post it? Matter of fact, there are more than a few sources in the link I posted. As far as moving to Alaska- I just got back, Sitka, Haines..etc.., was up there a month. Move there, damn straight- How about you? Still tending Bar in CHI-Town? I have read some of your other posts, in response to others- They don't even believe half the Sh*t, you post- Hmmm, What else can you expect from a Bar Tender? Cheap talk, and Brain Riot-

In many of your posts, you mention the following terms: 'Gyno', 'Sh!t', 'Bars'. You seem to be infatuated with certain reproductive organs, feces, and alcohol. I have no doubt that you intend to move to Alaska. I have been to certain locations within Alaska as well. Great place to visit. Beautiful. Though, I have not yet visited Sitka. As for me, I have no immediate intentions on leaving Chicago.

You know what most americans response to "save like our parents " was ? "screw that " and i'm one of them ...you gotta get it while it's good ...

You said it. When I was a bit younger, I found it odd that even though housing prices had risen (more than salary increases in many areas), some first time home buyers were buying houses that were larger than their parents' home. The thought was: money is cheap right now, they are covenant light, and there are countless entities ready and willing to give me this money without any documentation... lets roll.

Many of those folks, I bet, are now facing the music.