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B4 the Bell, Fryday May 21, 2004


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#76

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Posted 21 May 2004 - 10:42 AM

Sherlock- you understand it perfectly-there are no available tankers anywhere, even if there was more oil-the refineries are at capacity and couldn't produce more. In Canada are pipelines going South are at full capacity both for Oil and NG. More Oil?? (pardon the Pun) is a pipe-dream. ;)

Thanks, Brian! :rolleyes:

#77 Lock Limit Down

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Posted 21 May 2004 - 10:44 AM

Thanks KWave
Watching that level as well
They are putting up a good fight
If things dont get in gear down soon we may have to wait till Monday

Here they come again
Jam Jam Jam



Gold wont go down
Great day so far
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#78 Madame Wrecked Him

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Posted 21 May 2004 - 10:46 AM

Taylor also said he isn't concerned about the impact higher official interest rates will have on U.S. consumers, whose spending accounts for about two thirds of gross domestic product.

That thinking has filtered through so nicely, that you get people like my brother, who with his wife & two small kids have decided to take a year or so off, traveling through the UK in a bus... without income or significant savings, and evidently, zero work ethic. According to him, this life experience is so wonderful, it's worth going into debt to support it (funny reasoning, that. I could envision saving hard for a year or two to finance a life experience, but never in a million years the other way round). He claims they have "loads of credit cards" they can use ... who are the idiots who issue these cards to people like this? He's a nice guy, but his credit risk is extremely obvious and anyone prepared to lend him money must be out of their minds. :blink: :blink:

#79 Lock Limit Down

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Posted 21 May 2004 - 10:49 AM

Madame
Who will pay?
We will pay
UB
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#80 Drano

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Posted 21 May 2004 - 10:52 AM

They sure like those homebuilders. Speaking of UFB.
Of course I'm caustic!

#81 Lock Limit Down

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Posted 21 May 2004 - 10:54 AM

They are bringing the POS clownbuck back yet again
Getting close to bailing
Looks like today will not be our day
5 hours of premium burn to go

Im out with a small profit
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#82 zensmoke

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Posted 21 May 2004 - 10:55 AM

Mitsubishi Motors cuts jobs, closes plant

By YURI KAGEYAMA
The Associated Press
5/21/2004, 10:29 a.m. ET

TOKYO (AP) Japanese automaker Mitsubishi Motors Corp. will cut nearly 11,000 jobs, or 22 percent of its global work force, close an assembly plant in Japan and receive a $4 billion infusion from the Mitsubishi group and other investors under a revival plan its chief executive described as its "last chance."

Under the plan announced Friday, Mitsubishi Motors will keep open its U.S. plant in Normal, Ill., but will shutter an engine plant in Australia while keeping a passenger car plant there. The company will close a passenger car plant in Okazaki in fiscal 2006
http://pennlive.com/...43448283220.xml

#83 Lock Limit Down

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Posted 21 May 2004 - 10:56 AM

Im so sick of this shit more +1000 ticks now +1325
Unstoppable matrix garbage blind buying
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#84 Lock Limit Down

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Posted 21 May 2004 - 11:00 AM

Europe still down across the board as the rules are different in America
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"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#85 Madame Wrecked Him

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Posted 21 May 2004 - 11:02 AM

LLD, that we will pay in the end is a given. It's so depressing.

#86 Metamucil

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Posted 21 May 2004 - 11:02 AM

Taylor also said he isn't concerned about the impact higher official interest rates will have on U.S. consumers, whose spending accounts for about two thirds of gross domestic product.

That thinking has filtered through so nicely, that you get people like my brother, who with his wife & two small kids have decided to take a year or so off, traveling through the UK in a bus... without income or significant savings, and evidently, zero work ethic. According to him, this life experience is so wonderful, it's worth going into debt to support it (funny reasoning, that. I could envision saving hard for a year or two to finance a life experience, but never in a million years the other way round). He claims they have "loads of credit cards" they can use ... who are the idiots who issue these cards to people like this? He's a nice guy, but his credit risk is extremely obvious and anyone prepared to lend him money must be out of their minds. :blink: :blink:

MWH,

There is something perversely rational about that scenario. Take on BIG DEBT....and it's the bank's problem.

I know several people who have caved and are now running up any and all debt they can manage.......fully aware that they will simply walk away BK. This should be an expected (but not intended) consequence of unlimited credit creation.

Staunch savers are getting wiped, as their purchasing power erodes and yield is net negative.
"I know the human being and fish can coexist peacefully"____George W. Bush, 7/29/2000

#87 Lock Limit Down

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Posted 21 May 2004 - 11:03 AM

Just about time for a gold slam in this garbage market
Posted Image
"If the American people ever allow private banks to control the issue of their money, first by inflation and then by deflation, the banks and corporations that will grow up around them (around the banks), will deprive the people of their property until their children will wake up homeless on the continent their fathers conquered." --- Thomas Jefferson

#88 Butterfield 8

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Posted 21 May 2004 - 11:04 AM

xau has bounced off of 86 a couple of times now. trading range 76 to 86 may be it for a while

#89 zensmoke

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Posted 21 May 2004 - 11:06 AM

This statement is so beautiful---I just had to post it:

"It won't choke the recovery off, rather it will reflect the strength of the recovery itself," Snow said of the prospect of higher rates, in a radio interview with KMOX-AM in St. Louis.

#90 soup

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Posted 21 May 2004 - 11:06 AM

Ring around the freaking strike.
""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





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