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Hiding Bear

B4 The Bell Moonday September 27

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Bastiat-

 

When quoting or excerpting third party material, a link to the source is required when available.

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Does anybody find it curious that reports discussing federal assistance to Florida refer to assistance from the Bush administration, instead of the Federal Government?

 

Most of these reports are coming from the Fox State Broadcasting Corp.

 

Under the theory of 'give a dog a good name' I'm just waiting for the name change from FEMA to BEMA (Bush Emergency Management Agency). <_<

 

Of course, the same effort would also rename the IRS the KSRES (Kerry Socialist Revenue Extortion Agency) :blink:

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Guest libertas
Does anybody find it curious that reports discussing federal assistance to Florida refer to assistance from the Bush administration, instead of the Federal Government?

No. You are thinking of the old, pre-Imperial system. Before the Families took over.

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Guest yobob1

Ok let's devalue the dollar 20% with our magic all fiat wand. 20% against what? Do you think Toyota will be pleased to announce that they are raising their prices 20% while they are embarking into the rebate game? Or perhaps the price of that new Mercedes going up 20% is not a problem in a market where high end autos are beginning to suffer?

 

China on the other hand doesn't really care - but should they? Of course! We're all in this daisy chain together. While China's exports to the US wouldn't immediately be impacted, their exports to those who export to us would be. It recalls when the US first hit the "soft patch" that began in 2000, the Europeans were smug in their confidence that they would be virtually unaffected as the US market wasn't that important to them. They neglected to complete the picture becasue what happened was that their primary export markets were directly affected by the US and so in the end the US market got them but in a round about way 4 or 5 months later. China has the same problem.

 

RE steel. China has greatly slowed imports of finished steel as their over-investment loaded economy has begun manufacturing their own steel products and now they are beginning to threaten the steel exporters in the Asian rim. It won't be long before that Chinese steel makes it way to our shores.

 

My gut sense tells me the slowing in the economy is beginning to take on a life of it's own where the slowing is spreading and increasing in velocity. I don't think it's stoppable this time. Unemployment should begin rising rapidly as companies, whose inventories have been climbing, once again look to cut "fat" to hold profits in the face of falling volumes in an environment where few if any can raise prices.

In perusing Sleddy's latest postings I note that a large numbers of those cuts are set to come from managerial positions - the sheeple that make more dough. There is little fat to cut from the production floor so, that leaves white collars and advertising as the two places most likely to receive the hatchet. Once the elections have past, advertising should begin singing the blues loudly.

 

You would think that even voicing the possibility of devaluing the Buck by 20% would send the bond markets into free fall - and yet so far there is no evidence of that happening. We shall see.

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NYMEX Nov Light Sweet Crude now at $49.52!

Looking strong and flirting with 50 dollah. :huh: :o

That beats the old intraday record of $49.40 ... we have a breakout! :D

 

Metals (gold, palladium) are firm too.

 

I don't know whether that dollah devaluation rumour is accurate or not ... but commods are acting AS IF it were true. :mellow:

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Holy sheet ... get a load of this:

 

Voting arrangements in Florida do not meet "basic international requirements" and could undermine the US election, former US President Jimmy Carter says. 

 

He said a repeat of the irregularities of the much-disputed 2000 election - which gave President George W Bush the narrowest of wins - "seems likely".

 

Mr Carter, a veteran observer of polls worldwide, also accused Florida's top election official of "bias".

 

Carter fears Florida vote trouble

 

Isn't this the first time a former president has said, in advance, that a U.S. election doesn't meet basic standards of fairness and protection against "irreularities"?

 

Mr Carter said Florida Governor Jeb Bush - brother of the president - had "taken no steps to correct these departures from principles of fair and equal treatment or to prevent them in the future".

 

"It is unconscionable to perpetuate fraudulent or biased electoral practices in any nation," he added.

 

"With reforms unlikely at this late stage of the election, perhaps the only recourse will be to focus maximum public scrutiny  on the suspicious process in Florida."

 

Crrrrrr-ikey! Welcome to the Third World, huh?

Given Rumsfeld's proclamation that it is better to have an incomplete vote than no vote at all (and given the mess that florida is in), I think it makes perfect sense to eliminate Florida entirely from the voting process this time around. This will eliminate any question of fraud, and eliminate the possibility that the helicopter drop of billions of dollars on florida will have any influence on the elections.

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Good Morning Crew- Well today is Bearsday- World markets down across the Board overnight, Futures in the dumpster well below fair value and an Astro that says eat me. Window at the Bell for 40 minutes, the trap door is open and waiting, Helmets on and Buckle up! ;)

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FNM up big 66.60 pre market as it promises to raise capital surplus 30% or 6 billion dollars...

Now who do you think will be buying this news?

And how will they find 6 billion?

Rog if youre around could you explain how such a task might be accomplished?

TIA

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