Global Economy Bursting?

[Randolph Kinney]

Indications that retail area entering a recession

http://hotair.com/archives/2011/07/27/great-news-retail-may-be-entering-a-500-day-recession/

There is nothing to fear but fear itself. So the economy is melting with fear and uncertainty created by government and politics.

Obama Strikes Fear Into Americans While Reassuring Big Banks

http://www.foxbusiness.com/markets/2011/07/25/obama-to-banks-were-not-defaulting/

While officials from the Obama Administration raised their rhetoric over the weekend about the possibility of a debt default if the debt ceiling isn't raised, they privately have been telling top executives at major U.S. banks that such an event won’t happen, FOX Business has learned.

 

[Big ole Boy]

Baseline budgeting - 9 trillion dollar cut?

... so its a few days before we go bust and finally someone really gets a perspective on what garabage is really going on in DC ...

.... our baseline budget system has automatic increases already written into law that go up every year ...

... Limbaugh finally did his job today and explained for the first time to the american people that if we just froze spending and froze the baseline budget so that it could not expand ...... that would be scored by the CBO as 9 trillion dollar cut ...

... the Repubs and Dems are not arguing over cutting an "explative cent"!!!!!!!!!!!!!!

.... any and all markets that fall on the news that someone is actually trying to get the financial house in order ....

... shows you that the DOW and all stock markets are not the holy grail of rationality ... far from it ...

... the markets are hooked on irrational debt like crack cocaine ..

 

[Couch Potato]

... so its a few days before we go bust and finally someone really gets a perspective on what garabage is really going on in DC ...

.... our baseline budget system has automatic increases already written into law that go up every year ...

... Limbaugh finally did his job today and explained for the first time to the american people that if we just froze spending and froze the baseline budget so that it could not expand ...... that would be scored by the CBO as 9 trillion dollar cut ...

... the Repubs and Dems are not arguing over cutting an "explative cent"!!!!!!!!!!!!!!

.... any and all markets that fall on the news that someone is actually trying to get the financial house in order ....

... shows you that the DOW and all stock markets are not the holy grail of rationality ... far from it ...

... the markets are hooked on irrational debt like crack cocaine ..

Is he still on the air? :new_all_coholic:

He once did a Keep Our Own Kids Safe routine about the dangerous sport of soccer that was hilarious. He kept it going for at least a week.

Spending cuts are not even part of the discussion, only "budget cuts." It's like digging someone out of a hole by reducing the amount of dirt you are shoveling on top of them. The closest we can get to good new for the economy in the US is mixed results.

 

[Randolph Kinney]

Taxpayers still on hook for $130 bln in TARP funds

Treasury has 77% stake in AIG, 32% stake in GM, 74% stake in Ally Financial

http://www.marketwatch.com/story/ta...-130-bln-in-tarp-funds-2011-07-28?siteid=nbkh

 

[Randolph Kinney]

Deutsche Bank Dumps 70% of Spain, Portugal, Ireland, Greece, Italy Debt

http://translate.google.com/transla...cos/elpepueco/20110726elpepueco_5/Tes&act=url

Deutsche Bank is clearly voting with its feet on PIIGS debt. Wonder if any of our banks are still holding?

 

[William K]

Jobless claims fall below 400,000

Jobless claims fall below 400,000

http://news.yahoo.com/jobless-claims-fall-below-400-000-123324835.html

I figured I would make sure everyone heard this news because I am sure the Govmnt will ignore this:icon_mrgreen:


"A total of 7.65 million people were claiming unemployment benefits during that period under all programs, up 320,152 from the prior week."


It's all about the spin!:new_smile-l:

 

[Randolph Kinney]

Free-wheeling Texas lures California companies

http://www.reuters.com/article/2011/07/27/economy-california-texas-idUSN1E76L1XI20110727

The beating has started to prompt some soul searching in California's capital, where heaping scorn on Texas is routine, and may gain wider attention in the near term should Governor Rick Perry, Texas' most prominent salesman, join the field of Republican presidential contenders.

Longer term, California risks more companies turning to Texas or other states, more trouble for a job market already weakened by the recession and the housing bust. Some executives say California has only itself to blame. For California, every job lost to Texas or another state is another blow in efforts to turn around its economy.

 

[Big ole Boy]

George Will . and mobmen

... somebody has to be on the air ...... advertisers and momentum keep the torch from being passed .......

.... I wish Limbaugh would have gone a long time ago ........ call it "radio term limits" ....

... anyways ....

... the weekend is coming along with the debt ceiling deadline ....

... George Will and others probably see it correctly .......

... the Repubs will vote whatever the Dems want when the markets go south ....

... why do they use that term "going South" ..... as a derogitory term?

... the incessant Northern urban-centric patience for frontal lobe ivory towers that believe ...

.... that ECO 101 can be supplanted by a ECO 105 or 106 ..... 108 .... ....

.... to some far off in the distant economics course that explains the brilliance of Tim Ghietner and Obama ........ some condescending ivory tower group of really smart economic folks in a smoke filled room .......

... picking winners and loosers ......

.... yea, yea, the Tea Party is impatient with muscular constituencies that will bully the dollar into hyper-inflation ....

.... mobmen ...... are bullish ... bullish on ..... themselves ....

 

[Dee Dee]

Sturm Ruger and Co Inc. - stock price is up over 24% today.

 

[Couch Potato]

Sturm Ruger and Co Inc. - stock price is up over 24% today.