Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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hey randy i always love these cartoons u find- they are always dead on except for the ones regarding obama versus fox news! we all fox news is probably the worst news channel in the entire media (with the others not far behind)and they disgracefully stood behind bush as he helped bankrupt us, got us into two wars that had nothing to do with national security, overstretched our military thus making us less safe, and took away our freedoms and spied on us for the phony war on terror. I agree with some of the criticisms fox has of obama now but it is all partisan based- where were they when bush destroyed this country and its precious constitution? Im jus wondering is there any way u could leave the obama versus fox cartoons out? other then that they are all hilarious and dead on- god bless hope all is well on the home front!
@ Anonymous -- I agree with your comments on Bush. However, do you agree with me that given all Bush's mistakes and damage done, Obama has in just 1 year done 4 times the damage that Bush did in 8?
$1 Trillion Dollars Bill. LOL!!! Funnier still, the $1 Trillion Dollar bill is ... SERIES 2006, and signed by then Treasury Secretary John W Snow! Too funny seeing this 10 months in the other party's now succeeding era which already has as its hallmark orders-of-magnitude-greater ballooning, one-party "porkulus" spending.
When Dubai World Investment could no longer pony up their contracted share of MGM Citycenter financing, I wondered how big that iceberg of leveraged credit had become. There was a piece a few months ago that showed Dubai was leveraged at levels that were mind-numbing. Whoever holds their paper is going to find out, on Monday, how deep their hole really is. Don't be surprised to see gold sold off to cover, as the Middle East bought quite a bit of it recently, and the dollar make a surprising run. If you work with the GS stock, and put them in the spreadsheet, as I do, you may have noticed that their share price blew through a BUY signal last week. That NEVER happens, except once last year, just before financials took their First Quarter 2009 slide. I suggest reading Peter Cooper on Seekingalpha with regards to Dubai. He covers that region and has the best insights.
5 comments:
Hi
Good way to define all the situation of facts.
hey randy i always love these cartoons u find- they are always dead on except for the ones regarding obama versus fox news! we all fox news is probably the worst news channel in the entire media (with the others not far behind)and they disgracefully stood behind bush as he helped bankrupt us, got us into two wars that had nothing to do with national security, overstretched our military thus making us less safe, and took away our freedoms and spied on us for the phony war on terror. I agree with some of the criticisms fox has of obama now but it is all partisan based- where were they when bush destroyed this country and its precious constitution? Im jus wondering is there any way u could leave the obama versus fox cartoons out? other then that they are all hilarious and dead on- god bless hope all is well on the home front!
@ Anonymous -- I agree with your comments on Bush. However, do you agree with me that given all Bush's mistakes and damage done, Obama has in just 1 year done 4 times the damage that Bush did in 8?
$1 Trillion Dollars Bill. LOL!!! Funnier still, the $1 Trillion Dollar bill is ... SERIES 2006, and signed by then Treasury Secretary John W Snow! Too funny seeing this 10 months in the other party's now succeeding era which already has as its hallmark orders-of-magnitude-greater ballooning, one-party "porkulus" spending.
When Dubai World Investment could no longer pony up their contracted share of MGM Citycenter financing, I wondered how big that iceberg of leveraged credit had become. There was a piece a few months ago that showed Dubai was leveraged at levels that were mind-numbing. Whoever holds their paper is going to find out, on Monday, how deep their hole really is. Don't be surprised to see gold sold off to cover, as the Middle East bought quite a bit of it recently, and the dollar make a surprising run. If you work with the GS stock, and put them in the spreadsheet, as I do, you may have noticed that their share price blew through a BUY signal last week. That NEVER happens, except once last year, just before financials took their First Quarter 2009 slide. I suggest reading Peter Cooper on Seekingalpha with regards to Dubai. He covers that region and has the best insights.
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