Lock Limit Down Posted September 8, 2004 Report Share Posted September 8, 2004 MH I be joining you. They will talk about this recklessness for a thousand years. And noone has a clue. Amazing. Link to comment Share on other sites More sharing options...
KeyboardProspector Posted September 8, 2004 Report Share Posted September 8, 2004 "US Treasury Secretary John Snow urges Congress to raise the government's debt ceiling, or face a cash crunch in the autumn" As of August 31, the Treasury has $78.5B in borrowing capacity before it hits its limit. That's all borrowing, not just borrowing from the public. (includes brrowing from the so-called 'trust funds', like Soc Sec, Highway, etc.) The last debt limit increase was in May of 2003. At that time, the limit was increased by like $984B. They will make it through this month, and because of quarter end tax receipts, they might make it to the election. How much you wanna bet it's kept hush hush until after the election, when they quietly bump it another $1.2 Trillion! That'll keep em in business for another year....maybe. Link to comment Share on other sites More sharing options...
KeyboardProspector Posted September 8, 2004 Report Share Posted September 8, 2004 The current statement of the debt is located here: http://www.publicdebt.treas.gov/opd/opds082004.htm Link to comment Share on other sites More sharing options...
Guest Posted September 8, 2004 Report Share Posted September 8, 2004 Delta announces 7,000 job cuts Kansas.com, KS - 4 minutes ago ATLANTA - Delta Air Lines will cut up to 7,000 jobs - or 10 percent of its overall work force - during the next 18 months, company CEO Gerald Grinstein said http://www.kansas.com/mld/kansas/business/9608829.htm Link to comment Share on other sites More sharing options...
orvack Posted September 8, 2004 Report Share Posted September 8, 2004 No minute of silence for the Russian victims last night at the US-Russia hockey game in Minnesota... Link to comment Share on other sites More sharing options...
Tchaikofsky Posted September 8, 2004 Report Share Posted September 8, 2004 "For fiscal 2003, the U.S. Government is reporting a net operating costs of $665 billion, an increase of $300 billion from the $365 billion net operating cost reported last year. The increase is primarily attributable to the increased cost of the global war on terrorism, increases in the government's post-retirement liabilities and a decline in tax revenues caused by the sluggish economy. The report reflects the adoption of a new accounting standard this year which requires the recording as an asset of military equipment and its related depreciation resulting in an increase to assets of $383 billion. . . . John W. Snow" "We're looking at growth rates in the third quarter of over 3 percent, in the fourth quarter of over 3.5 percent, and [in all of 2004] of over 4 percent," Snow said. "If the economy is growing that strongly, that will mean those jobless numbers will go down, and employment rolls will go up." "I think the recovery is under way, and the economy is poised for a good take-off," Snow said. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted September 8, 2004 Report Share Posted September 8, 2004 The bearishness everywhere on the metals is at ATHs Is there anyone here, who likes silver or gold, right here right now? Link to comment Share on other sites More sharing options...
orvack Posted September 8, 2004 Report Share Posted September 8, 2004 The bearishness everywhere on the metals is at ATHsI there anyone here, who likes silver or gold, right here right now? Too many people "think" buying gold is a slam dunk. Just watch ROBtv for few minutes.. Link to comment Share on other sites More sharing options...
traderfromhell Posted September 8, 2004 Report Share Posted September 8, 2004 The bearishness everywhere on the metals is at ATHsIs there anyone here, who likes silver or gold, right here right now? Like the metals here. If they go lower buy more. At some point in time sanity will return to the markets. Link to comment Share on other sites More sharing options...
Guest yobob1 Posted September 8, 2004 Report Share Posted September 8, 2004 MH I was reading that while you were posting. Makes Japan look like one hell of a good credit risk in comparison to the US. In searching World Bank data, I couldn't find any nation with a debt-to-GDP ratio worse than the United States' GAAP obligations ratio of 334%. The closest found is for the West African state of Guinea-Bissau at 224%, but Guinea-Bissau is not rated. Looks like Guinea-Bissau debt is an outright "buy" in comparison. But you know I think before the fecal matter edges it's way into the whirling blades we may well see a rebound in the dollar perhaps to the mid 90s though it may be very questionable how long it can remain elevated and at what interest rate. The downside to this for the time being is that the PM's could suffer, and I supect they will for a while. I've been riding this thing long enough that these little ups and downs don't bother me much, especially since I dont play the "Instant Riches" paper games. No one ever talks about the Instant Losses. Such is the nature of Ponzi and gambling. Link to comment Share on other sites More sharing options...
traderfromhell Posted September 8, 2004 Report Share Posted September 8, 2004 Another from Fullett. Link to comment Share on other sites More sharing options...
traderfromhell Posted September 8, 2004 Report Share Posted September 8, 2004 Crude. Link to comment Share on other sites More sharing options...
Abby Justa Colon Posted September 8, 2004 Report Share Posted September 8, 2004 "I think the recovery is under way, and the economy is poised for a good take-off," Snow said. Thats the same thing he said when he ran CSX corp. He "de-railed" that stock over 60% on his watch. Way to go John. Link to comment Share on other sites More sharing options...
Lock Limit Down Posted September 8, 2004 Report Share Posted September 8, 2004 Just watch ROBtv for few minutes.. ROBtv isn't exactly mainstream... Too many people "think" buying gold is a slam dunk. Huh? Thats not been my experience. Course it has nothing to do with the victims of Al's monetary experiment. Link to comment Share on other sites More sharing options...
rog Posted September 8, 2004 Report Share Posted September 8, 2004 DJ loweres Q3 EPS to $0.14vs $0.21exp, flat with Q3 '03 EPS Company cites Sept advertising reservation well below expectations. This was suppose to be a shoe-in for the bulls. With election year ad buys adding to a "red hot" economy advertising was suppose to be a sure bet. Flat results indicate severe weakness. Link to comment Share on other sites More sharing options...
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