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Independence Day

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. . . Because the costs of goods are going up far more than the government reports, (only idiots believe the government?s inflation numbers) more and more Americans have to borrow money to pay their monthly bills. This is not a good sign. What happens when interest rates stop going down or when housing prices stop rising in value? Will the Fed then pay us money? Unless Mr. G can inflate and monetize another bubble, the consumer consumption binge is about to hit a brick wall. Borrowing money to pay your monthly bills is a not a healthy economic sign. A burgeoning debt burden is what is going to keep the economy moribund and prevent the economy from accelerating as so many are forecasting for the second half of this year. . . There is no pent up demand. Most people are just trying to get by and it is taking more and more and more debt to do just that . . .

 

Only this one thread today - have a safe and sane Fourth - use part of it to continue spreading The Word - good symbolism doing this on that date - have saved The Plane Is Pilotless for this purpose for my own contacts - have already observed a number of them go through a four step process as a result of my first three offerings - disbelief, comprehension, shock, then outrage - which is not only not a bad thing but in fact a good thing, a very good thing - 'cause if enough people in this country go through this process maybe one day we'll all be able to celebrate an Independence Day from The Fed - an economic regime change as it were - which is not only a worthy goal but a doable one as well - for this cause is just - and The Force is with us - and will see ya all on Monday.

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Despite the rigors of late-night hearty partying at the NYCASS meeting, I had to get up for the employment report, one of the few forms of free entertainment which we receive for our tax dollars.

 

The combination of heavy stats, pre-holiday work shirking, and a brief 3-1/2 hour session ought to be explosive, in one direction or the other. Let's rock!

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7:51AM Siebel warns Q2 license sales to miss projections (SEBL) by Emily Church

LONDON (CBS.MW) -- Citing purchasing delays by customers, Siebel Systems (SEB) said its now expects second quarter total revenue in the range of $330 million-334 million and license revenues at $110 million, which it said is below management's range of guidance for the quarter. Earnings per share are expected at 2 cents, in line with management projections. "The company faced unexpected delays in purchasing decisions by prospects and customers due to the uncertain economic climate and turbulent enterprise software industry landscape," it said.

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guten tag liebe stoolies! :rolleyes:

 

 

machine,

 

nice to see you again, you were away for quite some time, hope NYCASS was fun :)

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Aussie Bear will get a laugh out of this stoolie news.

 

New Zealand Farmers Threaten Rebellion Over 'Flatulence Tax'

 

http://www.cnsnews.com/ViewForeignBureaus....R20030703a.html

 

This needs a pithy comment, but my brain is dead this morning.

The farmers' placards say it all:

 

"Signs held by some of the farmers at the meeting declared: "Fight Against Ridiculous Taxes," with the first letters of each word highlighted to spell out their view on the entire subject."

 

Pffffft, oops excuse me :D

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Jack Belushian (Crapolavision): "This is the last of the bad numbers."

 

Quick take: they bottom it out between 9:45 a.m. and 10:00 a.m., fading the sellers. From 10:00 a.m. to 1:00 p.m., a slow recovery. Even goose it to a gain if possible. (Logic: 1/4-point cut in August is in the bag. Kudlow will suggest emergency action - cut in mid-July.)

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Non farm payroll revised from -17,000 to -70,000? Did one of those dunces mis-hear it on the phone when they published the original number? Now THAT's a miss!

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Jack Belushian (Crapolavision): "This is the last of the bad numbers."

 

Quick take: they bottom it out between 9:45 a.m. and 10:00 a.m., fading the sellers. From 10:00 a.m. to 1:00 p.m., a slow recovery. Even goose it to a gain if possible. (Logic: 1/4-point cut in August is in the bag. Kudlow will suggest emergency action - cut in mid-July.)

Yep -- it's the slowing economy paradox. All bad news means more FED intervention and more easy money is coming to Wall Street. Let's party like it's 1929. :o :P

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job market horror show, now make an idiot push nearly the highs and gimme monster style divergences and i will short like a mothaaaaaa!!!!!!!!!!!!!

 

edit: only question is when we make not new highs how could we have divergences? Bullish ones, oh oh! Just kidding.

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