Thursday, April 23, 2009

Open forum

Feel free to make comments, hold a discussion, share links, etc here.


25 Comments:

At 4/16/2009 10:49 AM, Anonymous Willy2 said...

Bill Moyers talks with William K. Black on the topic of the banking crisis.

US state governments knew the lenders were involved in predatory lending and wanted to prevent further abuse. But they were blocked by the US federal government. When Eliot Spitzer spoke out on this topic he was "Taken out". Chartingstocks has a video which sheds more light on the matter.

 
At 4/20/2009 10:53 PM, Anonymous Willy2 said...

Simon Johnson nails it, again. Amen.

 
At 4/26/2009 3:11 PM, Anonymous Anonymous said...

National United States Public Health Emergency declared today. We all need to examine our own emergency supplies and backup plans.

 
At 4/26/2009 8:28 PM, Anonymous jerry said...

The problem Obama is having with the economy is because he is following the same playbook that is and has been used to fight the war in Iraq and Afghanistan. It is hegemonic. The largest banks are the nation states that need to be saved, as is Iraq and Afghanistan.

 
At 4/26/2009 11:53 PM, Anonymous Anonymous said...

Ok, I should probably just wrap my house in tin foil now and keep my mouth shut but here goes... Are you guys more afraid of a "theoretical" human/animal flu-like virus created to control the population or the smiling government doctors who are offering the antidote in an unmarked syringe?
-Your Brother

 
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At 4/28/2009 9:39 PM, Anonymous Siege said...

Not that Geithner's past is anything new, but I found it refreshing to read in a NY Times article. The public may wise up a little if enough articles of this nature circulate.

http://www.msnbc.msn.com/id/30429089//

 
At 4/30/2009 5:47 PM, Anonymous Willy2 said...

Senator Dick Durbin (D-Ill) spills the beans: Bankers own the US Congress. Surprise, surprise !

 
At 5/01/2009 8:35 PM, Anonymous Anonymous said...

I'm shocked at the goodwill of the IMF recently. Bless their souls, they are looking at loaning 3rd world nations money to help prevent their people from starving in this crisis of 1st world mismanagement. I'm curious what the terms will be... their land for a short lease on life perhaps... and the kindness of continued jobs at slave labor rates? 'tis an interesting mess 3rd world nations have been thrust into.

The leader of the IMF was just mentioning how developed nations must 'help' the third world, especially Africa. At the end of his statement, he smirked and gave a wink. He might need lessons on how to play poker, he tipped his hand. Still, it may not matter. 3rd world nations will barter valuable assets for loans from the IMF and their cards are showing. The IMF, bless their souls, will gladly 'help' them shed this over abundance of assets so their people can eat and live.

http://news.bbc.co.uk/2/hi/business/7934939.stm

 
At 5/04/2009 8:44 PM, Anonymous Siege said...

News story on MSNBC says Obama is eliminating tax shelters. Sounds like a cause for the mass exodus of Corporate America. There's a lot less pinning those organizations to the US than the government thinks.

American workers have steadily lost jobs to overseas workers for more than 40 years now... it's caused many of the limitations for entry level workers. Given a choice between higher labor rates AND higher taxes, or becoming a legitimate offshore corporation with reduced US involvement and greater margins, I'm VERY certain businesses would chose the latter.

This approach won't increase tax revenue or employment, instead it will accelerate collapse.

http://www.msnbc.msn.com/id/30557517/

 
At 5/07/2009 2:18 PM, Anonymous Anonymous said...

Some economic relief might be just around the corner if the Onion News report guides the media... and it appears it is.


http://www.theonion.com/content/news/nation_ready_to_be_lied_to_about

 
At 5/07/2009 3:10 PM, Anonymous Willy2 said...

This graph seems to suggest the stage is being prepared for another stockmarket crash later this year. (in the fall ??) See how the blue line depicting the S&P 500 has strayed away from and above the straight red line.

The original graph can be found here.

 
At 5/07/2009 8:22 PM, Anonymous Siege said...

For those who aren't already using it, here's a link to the Google Trendalyzer for unemployment. It's a good way to look around at the UI situation.

http://www.google.com/publicdata?ds=usunemployment#met=unemployment_rate&tdim=true

 
At 5/07/2009 9:40 PM, Anonymous Anonymous said...

Interesting 'leak' of the Bilderberg meeting May 14-17. Not sure what to make of it; the last predictions happened before I started tracking economics. Interesting that the two scenarios they 'debate' are two I find quite probable.

http://canadafreepress.com/index.php/article/10854

 
At 5/08/2009 6:43 AM, Anonymous Anonymous said...

Great article that explains away any notions that the current 'green shoots' mean long term recovery.

http://chartingtheeconomy.com/?p=964

 
At 5/08/2009 10:13 AM, Anonymous Anonymous said...

Time for a review of Karl Denninger's Site: The Market Ticker

Information on the stress test sham (proof from FMay report) and some info on a hidden 66000 jobs lost that weren't reported for the last two months... and don't show in April stats.

 
At 5/08/2009 12:36 PM, Anonymous Anonymous said...

A secret American delegation was sent by US President Barack Obama this week to solicit Saudi Arabian and other Gulf rulers for hundreds of billions of petro-dollars for investment in US and global economic stimulus plans, DEBKAfile's exclusive Gulf sources report. They came away empty-handed...

http://www2.debka.com/headline.php?hid=6062

 
At 5/18/2009 10:50 PM, Anonymous Willy2 said...

Taxpayers where is your money going

 
At 5/19/2009 2:03 PM, Anonymous John Dickson said...

Hai Karumba... have you seen the stats on fed tax revenue, this year to the two prior!?!

http://news.goldseek.com/GoldSeek/1242752400.php

 
At 5/23/2009 8:23 PM, Anonymous Anonymous said...

Defense spending broke the back of the US

 
At 5/26/2009 1:04 PM, Anonymous Anonymous said...

Lessons from Argentina's economic collapseLife experiences from Argentina's economic collapse. It's not new, but it's still a fabulous summary of what to expect and how to prepare.

 
At 6/06/2009 2:32 AM, Anonymous Anonymous said...

More economic pain up ahead.

http://moremortgagemeltdown.com/download/pdf/T2_Partners_presentation_on_the_mortgage_crisis.pdf

 
At 6/07/2009 12:17 AM, Anonymous Willy2 said...

This is a better link to the "Mortgage Meltdown" website: Click here

 
At 6/16/2009 7:43 AM, Anonymous Willy2 said...

Big Brother is watching you. Weblink: Click here

 
At 6/28/2009 3:12 PM, Anonymous Willy2 said...

Today (june 28, 2009) earnings for the S&P for the 1st quarter are at approx. $ 7. With an S&P at 918 the P/E ratio is 119. This is way too high. With a P/E ratio of 15 the S&P 500 should be at 106 and a P/E ratio of 7 the S&P 500 should be at 50 (!). Suppose earnings for the next two quarters will be at $ 7 as well then the P/E ratio with a S&P at 918 is at 918 / 14 = 40. Still way too high.

Source: Website S&P.
(Using this file one should calculate the 12 month trailing earnings in order to get right figure).

 

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