bundys_dodge Posted July 17, 2009 Report Share Posted July 17, 2009 Sorry stoolies I just came to post and not to open M2M. But as fate would have it..... Karl Denninger writes the market-ticker blog at: http://market-ticker.org (Doc - if this is inappropriate please move this under a new M2M) Link to comment Share on other sites More sharing options...
DrStool Posted July 17, 2009 Report Share Posted July 17, 2009 I'll post the video when it's available. I hope he scores some points. Link to comment Share on other sites More sharing options...
DrStool Posted July 17, 2009 Report Share Posted July 17, 2009 Keep in mind that whenever they put a big bad bear on, it's usually a bullish sign. Link to comment Share on other sites More sharing options...
T_Slim Posted July 17, 2009 Report Share Posted July 17, 2009 Deuce Bigelow on Lost Money saying the housing starts are great. Things are getting better . . . talk about comic relief . . . then that Tyler Mathison keeps coming on with breaking news saying Roubini is still bearish . . . what kind of a world we live in? These msm shills are utter fools . . . Link to comment Share on other sites More sharing options...
BusKow Posted July 17, 2009 Report Share Posted July 17, 2009 interesting fibo confluence...78.6% retrace of the major decline, 127.2% expansion of the minor EDIT: Repost graphic to show wedgie trend line origin Link to comment Share on other sites More sharing options...
DrStool Posted July 17, 2009 Report Share Posted July 17, 2009 interesting fibo confluence...78.6% retrace of the major decline, 127.2% expansion of the minor EDIT: Repost graphic to show wedgie trend line origin Noyce! Link to comment Share on other sites More sharing options...
Jorma Posted July 17, 2009 Report Share Posted July 17, 2009 Off the wall and a funnymental but can anyone resolve the disconnect between cratering tax receipts on all levels and flat or slightly rising income? Off the top of my head I think they reported a 1+% rise in income for whatever the last month report was. That seemed nonsensical but on the other hand I don't think it's the type of statistic that is so engineered like CPI. Link to comment Share on other sites More sharing options...
bundys_dodge Posted July 17, 2009 Author Report Share Posted July 17, 2009 Keep in mind that whenever they put a big bad bear on, it's usually a bullish sign. Couldn't agree more with you. I remember a Canadian network (BNN?) having Roubini, Meredith Whitney and another ultra bear simultaneously on earlier this year. I believe that was very close to the market bottom. Link to comment Share on other sites More sharing options...
BusKow Posted July 17, 2009 Report Share Posted July 17, 2009 anecdotal...local newscast...~half of the first 20 min's live from the food bank donation drive...reports FL unemployment 9.6%, up .3 in the last month, highest in 30 years Link to comment Share on other sites More sharing options...
mdporter Posted July 17, 2009 Report Share Posted July 17, 2009 Off the wall and a funnymental but can anyone resolve the disconnect between cratering tax receipts on all levels and flat or slightly rising income? Off the top of my head I think they reported a 1+% rise in income for whatever the last month report was. That seemed nonsensical but on the other hand I don't think it's the type of statistic that is so engineered like CPI. I'm guessing more people are attempting to cheat on their taxes or are being paid under the table. Link to comment Share on other sites More sharing options...
mdporter Posted July 17, 2009 Report Share Posted July 17, 2009 California's unemployment rate leveled off at a post-World War II record high of 11.6% in June, but the state's economy still shed another 66,500 jobs during the month. Unemployment in the state was far higher than the current 9.5% national rate and ranked sixth in the country after Michigan, Rhode Island, Oregon, South Carolina and Nevada. Sixteen states reported rates last month of 10% or more. "The layoffs are spreading throughout the California economy," said Sung Won Sohn, an economics professor at Cal State Channel Islands. "I don't see this ending any time soon." source Still no budget in CA. It's just the legislative leaders and the governor working on it now, five people total. I guess the rest of them lost interest. By the end of the year our UE rate should be at least 12% or more. I estimate we could end at least 14% after the government layoffs start to mount. This week I've seen 6 police officers out with their radar guns. One team of three CHP guys working as a group, one Santa Clara County guy hiding in the bushes, and two others hanging out on the local roads in plain site. Tickets are being handed out for everything. Now is not a good time for an outbreak of lead foot disease. Link to comment Share on other sites More sharing options...
Bungster Posted July 17, 2009 Report Share Posted July 17, 2009 I'm guessing more people are attempting to cheat on their taxes or are being paid under the table. yea, some are my relatives... They report $30K/yr for tax purposes...they pull in another $75K under the table....and now they are trying to get a federal handout to finagel and refi their mortgage - they want a mortgage writedown! UFB.... But it's OK - they are good Christian folk... Link to comment Share on other sites More sharing options...
quanta Posted July 17, 2009 Report Share Posted July 17, 2009 yea, some are my relatives... They report $30K/yr for tax purposes...they pull in another $75K under the table....and now they are trying to get a federal handout to finagel and refi their mortgage - they want a mortgage writedown! UFB.... But it's OK - they are good Christian folk... Yeah, it frosts my butt. Have a dear friend who inherited his father’s business. Once he realized that most of the customers paid cash for the work, he cut his declared income by 50%! That was 30 years ago. They got a free ride for oh these many years. I hate it. Link to comment Share on other sites More sharing options...
quanta Posted July 18, 2009 Report Share Posted July 18, 2009 Cronkite Gone at 92. another legend of the news media. Wait a minute, he was the news media! There will be a lot of breast beating over this. Think about the way things are reported today. Times have surely changed. Link to comment Share on other sites More sharing options...
jickiss Posted July 18, 2009 Report Share Posted July 18, 2009 jickiss is back! jickiss is back! and here is the Snippet: "The approaching Crisis will be sparked by known existing threats that have been ignored and discounted by our Baby Boom leaders. These known threats include titanic current deficits, colossal unfunded future liabilities, and unavoidable Peak Oil." If you want to Thimk! take a good look at the charts and arguments presented in http://www.financialsense.com/editorials/q.../2009/0713.html jickiss!!!!!!! Link to comment Share on other sites More sharing options...
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