Jump to content

Recommended Posts

  • Replies 69
  • Created
  • Last Reply
Pennsylvania Capital City Harrisburg Has Bankruptcy Option

 

Feb. 4 (Bloomberg) -- Harrisburg, the capital of Pennsylvania, will consider Chapter 9 bankruptcy protection along with tax increases and asset sales as options to address $68 million in debt service payments due this year.

 

The city is already in danger of legal action for payments that were missed last year on $288 million in debt it has guaranteed with its full faith and credit.

That's why I don't touch city debt,Only state backed which can't declare bankruptcy.Yeah,there is risk....But me and my Borker hand pick each one....My average credit is AA,FWIW :unsure:

 

I will lighten up when they rally a bit more.....Hoping to see another 3 or 4% to the upside.

Link to comment
Share on other sites

I stretched the rear view mirror a bit to see the process Mr. Widget's 8 day oscillator took. On Jan. 25 we had a 5/8 day crossover and a steady divergence with price as the 5/8 day oscillators arrived back to the zero momentum zone and the 5 day thrust itself for two day's over that zone as it would at the beginning of bullish cycles. On the third day it would typically wane and cross over the 8 day as it did today, but now with this bearish cycle the 8 day is getting pushed down below that zone. Today was the likes of a TurkeyNeck trade. How I count the days may be off, but if this a Day 3 with 4-5 days remaining I'd hate to see what the pigmen give next.

post-326-1265325517_thumb.png

Link to comment
Share on other sites

Radio Free Wall Street 2/4/10

Russ Winter and Lee Adler talk about the sovereign debt problem, hedge fund failure, unemployment, and how to profit and protect your assets.

 

Not a subscriber? Click here to hear a free preview. Reposting or linking to this preview is permitted and encouraged. Spread the word!

 

Or listen to a free release of the November 25, 2009 podcast.

 

To subscribe and hear this podcast right now, click here!

 

audio_mp3_button.png Radio Free Wall Street 2/4/10 [47:51m]: Play Now | Play in Popup | Download

Subscribers, click player to start.

Link to comment
Share on other sites

this posted by grinch on the gold board

wolf @the door

dharma

 

 

Very interesting (but blurry) video. He's talking about the threat of economic depletion, where if you're a manufacturer, nobody will sell you stuff, in order to make stuff, and even then nobody will buy your stuff.

I have only seen that term used in regards to commodities, like peak oil. Never in the sense of global manufacturing.

Very scary.

:ninja:

Link to comment
Share on other sites

jickiss is back!

 

 

 

jickiss is back!

 

 

and

 

these are not times for the feint of hearts. for the Main Reasons that First, "Nothing has Happened," and Second, "There is really -0- Fundamental "Investing" taking place now," therefore, almost anything can happen for a short period of days in any direction.

 

the concentration of "wealth" in the hands of Big Capital, both in Euro land and in the USA, (to say nothing of China), means that the only practical road to stable Incomes is via the State itself for any of da Sheeple. In Greece, for instance, family connections will get you a yob in the Army, Navy, Police, etc, with nice coin. Nevermind that the "#$%^%$#ing Germans" are tired of transferring their wealth to them in Greece (again, this is an Example, it applies to Italy, Port., Spain, etc, etc) via "over payments" for little or no work. Also, nevermind that the Farmers with small lots get paid good coin as subsidies. Europe is Socialistic. Europe is dominated by corruption paid for by forces in their East. East of Eden, so to say. No invasion yet, however....there is still time to move out of Europe, incase you were thimking of leaving to live there, forget it.

 

Next, click over to the USA. Mark it down. STATES IN THE USA WILL go BK. The cities are a bigger than a giant joke. NYC, LA, PHILLY, CHICAGO....why go on? The concentration of Wealth in the hands of the top 5-6% has never been greater. There is no way to get coin if you are a Sheeple now, except via transfer from the center. Them that control the real wealth do not care to share at all. With -0- interest rates, and rising prices, there is -0- way to Save to Exist. Really, soon enough you will see that there is no real work to be had for either man or for beast.

 

Troubles approach, but denial is strong, expressed in the Idea that "They" will do something to kick the can down the Road. The Road leads to the abyss, but never mind that tonight.

 

Instead, let us Celebrate the Secret jickiss doolar-Gold Indicator.! This puppie is UP 3 big dayz in a row...if you have followed it. today, it was up Big time. So, Gold dropped (this is what the Indicator expected, and the Indicator is never wrong) whilst the doolar zoomed up (this is what the Indicator expected, and the Indicator is never wrong).

 

Hence, study the $tnx and $wtic in ratio, if you want to know what to do. Be fleet, for the race now is only for the fastest. all others are being run over.

 

the Indicator's "non-confirm feeling" may lead to the doolar index USDX not moving up much from here, and how cheep can Earl get, anyway?

 

remember, Only a Moran would be un-afraid tonight.

 

thimk!

 

drum roll: Indicator below, dark skies above....beware beware.

post-1911-1265331878_thumb.png

Link to comment
Share on other sites

Sonofabitch.....

 

Cox cable just e-mailed me and they are raising all prices across the board.Phone,cable,and internet....and all subscription packages.

 

I have had it with these damn cable companies,they can bite me.(4th increase in 3 years)

 

 

 

Rant over <_<

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

  • Tell a friend

    Love Stool Pigeons Wire Message Board? Tell a friend!
  • Recently Browsing   0 members

    • No registered users viewing this page.
  • ×
    • Create New...