You know Sir Al's remarks that there is a shortage of highly skilled workers is just a shameful lie-you have people with degrees in Engineering and biology working at China mart cuz there are no jobs.
PhDs like Sir Alan tend to imagine that the world would be a better place if it were comprised entirely of intellectuals such as themselves.
He has certainly carried over his academic predilections into his real-world career ... i.e. "publish [currency] or perish."
"GOLD -- it's not just for misers anymore."
"Dollahs -- fire-starters for the K-wave winter." - Drano
"Three humps and a dump." - anotherone, 21 SEP 2004
"No gold was harmed in the making of this movie." - Bizarro Greenspan
[i]"Da Track. Da place where Morons bet on Animals Controlled by Criminals." - our jickiss
You know Sir Al's remarks that there is a shortage of highly skilled workers is just a shameful lie-you have people with degrees in Engineering and biology working at China mart cuz there are no jobs.
Remeber a few months ago Al The Lizard King and Weimar Ben Bernanke kept saying they had an employment standard for determining monetary policy. Now with Bush defending the transportation of jobs overseas, he is backing the administration plus backing off his monetary employment standard.
Plus he is still crazy enough to keep talking about re-education.
You know Sir Al's remarks that there is a shortage of highly skilled workers is just a shameful lie-you have people with degrees in Engineering and biology working at China mart cuz there are no jobs.
I agree. The blaming the victim game is starting already. No one in Washington, especially that egomaniac Greenpsan is going to take any responsibitlity for their own incompetence and criminality.
"The equity market now has 84 million individual investors. Over 50% of these investors liquid assets are in the equities, the historical average is 25%. Using the rules outlined by Graham and Dodd such as dividend yield, PE Ratio, price ratio, price to sales ratio and price to assets, stocks are very expensive. They are over owned and over priced – a dangerous combination.
Who’s recommending increasing equity exposure? Kudlow and Cramer – CN”BS” – which is a marketing program. It should be listed in the TV guide as paid programming like George Forman’s cooker.
Who’s recommending caution and much lower returns from stocks going forward? John Templeton, Carl Icahn, Allen Abelson, Mark Faber, Bill Gross, Warren Buffett and Jim Rogers are to name a few." http://www.financial.../2004/0310.html
""Pretty bubbleheads preen daily on our financial networks, playing the shill to Wall Street and Washington in order to lure unsuspecting Americans into buying insanely overvalued stocks. The great market exchanges, once prudent arenas of investment where the engine of capitalism traded value for value, have become sham casinos staggering under decades of massive Fed created debt and lurching into oblivion on the greater fool theory. Yet our high level bureaucrats, led by Alan Greenspan, exhort all Americans to consume still more of their seed corn and seek still more fools." N. Hultberg
Soaring jet fuel taints airline profit outlook CHICAGO (Reuters) — As jet fuel prices continue to soar, the chances that the U.S. airline industry will return to profitability this year are slipping, anal cysts said. To make matters worse, not many airlines have sufficiently hedged their exposure to rising jet fuel prices, leaving them open to the risk of even higher prices.
Jet fuel — at its highest level in a year — makes up 12 to 14% of airlines' operating costs and is their second-biggest operating expense after labor. High fuel prices are the latest challenge for the industry, which has been struggling with weak revenue and soft demand for more than two years.
"It's a major concern," said Blaylock & Partners anal cyst Ray Neidl. "If fuel prices stay at current levels and airlines cannot pass these fuel costs on to consumers ... then the industry will not return to profitability this year."
=DJ Nortel Down After Announcing Another Restatement >NT
By Nick Baker
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Nortel Networks Corp. (NT) shares are down 9% Thursday after the company found more accounting errors that will probably require a restatement of its prior financial results.
(more on DOW JONES NEWSWIRES)
You know, it has been noted that virtually every time the Bush Baby speaks, stocks head South. This is an erection year, so he'll be doing a lot of speaking. Now if the markets go South, so does his chance of re-election. So Bushka, do you shut up and pray or speak and die? Seems like the world is chock full of Catch 22s these days.
Ameritrade Resolves Reg T Issues with NASD 3/11/2004 10:53:00 AM
OMAHA, Neb., Mar 11, 2004 (BUSINESS WIRE) -- Ameritrade Holding Corporation (AMTD) today announced that three of its subsidiaries reached a settlement with the National Association of Securities Dealers, Inc. ("NASD") resolving all issues related to NASD's investigation into specified client trading in cash accounts that had occurred at Datek Online Financial Services, LLC ("Datek"), iClearing LLC ("iClearing") and Ameritrade, Inc. (collectively, "the Firms").
NASD's investigation focused on the past practice of permitting cash account clients to utilize the proceeds from the sale of securities that had not yet settled to purchase other securities before the actual receipt of proceeds from settlement of the sale, which is generally three business days later. Ameritrade's efforts to address this matter began shortly before the September 2002 closing of the merger with Datek Online Holdings Corp., the parent of Datek and iClearing. The Company completed the modifications to its systems and procedures in May 2003.
