posted
Find out soon enough I guess. Honestly...I am begining to think all the craziness and flux going on right now might just help us pull out of it sooner once the panic has worn off.
Oh...and in case you are interested...
Total cost for the WAR to date (This is everything put together) 3.2 Trillion. And here's the doozey...that ain't including tax.
I heard this one from a reliable source though I don't have documentation to back it up.
-------------------- Obamabots...Transform! Posts: 4108 | From: Up North | Registered: Dec 2005
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quote:Originally posted by The Bigfoot: Find out soon enough I guess. Honestly...I am begining to think all the craziness and flux going on right now might just help us pull out of it sooner once the panic has worn off.
Oh...and in case you are interested...
Total cost for the WAR to date (This is everything put together) 3.2 Trillion. And here's the doozey...that ain't including tax.
I heard this one from a reliable source though I don't have documentation to back it up.
I heard the same figure... But do we really get taxed on that as well?
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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posted
What do you mean by that doesn't include tax? What tax?
quote:Originally posted by The Bigfoot: Find out soon enough I guess. Honestly...I am begining to think all the craziness and flux going on right now might just help us pull out of it sooner once the panic has worn off.
Oh...and in case you are interested...
Total cost for the WAR to date (This is everything put together) 3.2 Trillion. And here's the doozey...that ain't including tax.
I heard this one from a reliable source though I don't have documentation to back it up.
Posts: 5501 | From: Southeastern PA | Registered: Jan 2006
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-------------------- Jesus died for your sins and the Soldier for your freedom...enough said. Posts: 29 | From: Heart of Dixie | Registered: Oct 2007
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posted
It looks bad now only an idiot could look at the figures and come out with an answer that don't look pretty bad.
The old saying it is a slight ression when your neighbor is unemployed but when you loose your job its a depression.
What I judge the economy on is my neighbors. I happen to live in a neighborhood that is upper middle class lots of high income business people when the economy is good they make fantasic money.
Now lots have sold there homes and closed there doors on there business and there is something I have never seen forclousers all over the place. One right next store the family claimed to be millionaire status two years ago.Lots of liquid assetts cash and gone now.
I think this has yet a bottom to find
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
If it so great why are we getting a tax rebate that our government has to barrow
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by Ace of Spades: This is a silly thread...what a waste
We are not in a recession and the US economy is the best it's every been....
mark this post...things are gonna be great this year!!!
LOL..
"things" have already been about as bad as they can be without a crash. the only reason we haven't had a total meltDOWn is that the FED is buying all the "bad" paper offa anybody and everybody.
the other shoe is being juggled instead of dropped, but it IS already in the air....
-------------------- Of the People, by the People and For the People. Posts: 27928 | From: USA | Registered: Sep 2003
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In my town business is terrible...lots of people want to sell there houses...no buyers.
Lots of investors have there money in propertys...but the real-estate market is NOT liquid!!!
Posts: 1063 | From: Oregon | Registered: Sep 2007
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Good chart Weazel. Even with (or especially with) the feds dilution I doubt we've seen the end of it. Nice little hiccup this week though.
-------------------- All post are my opinion. Do your own DD. Who's clicking your buy/sell button!? Posts: 6695 | From: Virginia | Registered: May 2006
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posted
apparently Cramer picked UBS as a buy back in Oct.
i guess he assumed UBS was not going to take the level three accounting write-downs, because they had been keeping better books than alot of the others...
there are two separate issues at play now, one is the sub-prime mortgage issue which everybody talks about, but there was also an accounting rules change that is hurting the financials even worse, and everybody just "talks around" it and pretends it's all sub-prime..
many if these big write-downs are nothing more than an old accounting trick being phased out of the books.
-------------------- Of the People, by the People and For the People. Posts: 27928 | From: USA | Registered: Sep 2003
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posted
"High oil prices paining U.S. consumers is a key topic of Vice President Dick Cheney's talks Friday with Saudi King Abdullah, yet it's unclear whether Cheney will ask the Saudis to increase production to bring down prices at the pump".
They never thought about this before? Posts: 2619 | From: ca. | Registered: Jul 2005
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quote:Originally posted by IWISHIHAD: "High oil prices paining U.S. consumers is a key topic of Vice President Dick Cheney's talks Friday with Saudi King Abdullah, yet it's unclear whether Cheney will ask the Saudis to increase production to bring down prices at the pump".
They never thought about this before?
there has been no oil shortage.
the "forces" that drove oil from 60$ to 110$ are basically traders (playing on security issues), the fall of the US dollar, and (oddly enough?) gasoline supply disruptions...
from 50$ on up? the price of gasoline has LED the price of oil and not vice versa.... refinery explosions/fires, maintenance shutdowns and seasonal blending "problems" have runup the price of gasoline over and over. oil just followed it.
if commoditites traders had been held to stricter margin standards? and the refiners were more compettitive with each other? we would probably be paying 60 to 70$ per barrel of oil...
-------------------- Of the People, by the People and For the People. Posts: 27928 | From: USA | Registered: Sep 2003
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But the statement is rather a stupid one considering Cheney's title. If there was or is a problem with production from the Saudis wouldn't most people that have a little business sense think of this possible easy solution before thinking of war etc.
Actually maybe it isn't such a stupid statement considering the source.
Posts: 2619 | From: ca. | Registered: Jul 2005
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posted
Even better yet how about Cheney asking the American oil giants to help the economy by lowering prices since we all know they are part of this monopoly that helps control the price of oil.
Posts: 2619 | From: ca. | Registered: Jul 2005
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posted
It's pretty complicated, but for some reason? Former Shell and Flour executive Phillip Carrol was assigned the job of determining how to deal with Iraq's oil in '03...
he came in with the invasion.
his public decision was to nationalise the oil feilds.
however? it hasn't been working out that way. there's alot of opinions available on what happened, but Greenspan came right out and said "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil."
IMO? Cheney was trying to make HAL into the next big oil giant, competing right alongside of EXX and Shell and BP....
they decided not to allow that... and everything went to chit from there on out....
-------------------- Of the People, by the People and For the People. Posts: 27928 | From: USA | Registered: Sep 2003
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posted
The economy is much better than when Carter was in office.
-------------------- Jesus died for your sins and the Soldier for your freedom...enough said. Posts: 29 | From: Heart of Dixie | Registered: Oct 2007
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posted
at least Carter wasn't responsible for how bad it was tho. you can place the blame for most of the problems right on Bush and Cheney's doorstep.
the worst part is that they are both profiting offa this mess.
-------------------- Of the People, by the People and For the People. Posts: 27928 | From: USA | Registered: Sep 2003
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posted
When Carter was in office the country was much better off and we had the means to recover.
Now the job that breathe life into an economy have been outsourced and this idiot Bush gave them tax breaks to go do it.
maybe we will recover if we all eat more hamburgers every day fast food seems to be the up and coming center of economic developement any more
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
When Carter was in office the country was much better off and we had the means to recover.
Now the job that breathe life into an economy have been outsourced and this idiot Bush gave them tax breaks to go do it.
maybe we will recover if we all eat more hamburgers every day fast food seems to be the up and coming center of economic developement any more
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
we need to build brand new state of the art steel mills here.
January Steel Shipments Up 7.3 Percent From Last Year 03/17/2008- WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of January 2008, U.S. steel mills shipped 9,246,000 net tons, a 7.3 percent increase from the 8,614,000 net tons shipped in January 2007 and an 8.8 percent increase from the 8,495,000 net tons shipped in the previous month, December 2007.
March 20, 2008, 12:13PM Sector Snap: US Steel Companies Gain NEW YORK — Shares of several U.S. steel producers rose Thursday as key non-U.S. rivals retreated following an analyst upgrade of United Steel Corp.
United States Steel Corp. led the sector with a gain of $4.39, or 4 percent, to $114.25 in afternoon trading. The stock was upgraded to "Buy" from "Neutral" by Goldman Sachs analyst Aldo Mazzaferro.
The analyst cited higher-than-expected U.S. steel prices. "Global markets appear to reflect a physical steel shortage, in our view," he wrote in a note to clients.
"Strong global demand trends are trumping U.S. weakness, and the net-short U.S. market needs to raise imports, being already very low on supply," the analyst wrote.
Non U.S. producers, however, were struggling. ArcelorMittal, the world's largest steel maker, fell 94 cents to $74, BHP Billiton Ltd. sank $2.01, or 3.1 percent, to $61.98, and Rio Tinto PLC gave up $13.50, or 3.4 percent, to $382.
quote:Originally posted by glassman: we need to build brand new state of the art steel mills here.
January Steel Shipments Up 7.3 Percent From Last Year 03/17/2008- WASHINGTON, D.C. – The American Iron and Steel Institute (AISI) reported today that for the month of January 2008, U.S. steel mills shipped 9,246,000 net tons, a 7.3 percent increase from the 8,614,000 net tons shipped in January 2007 and an 8.8 percent increase from the 8,495,000 net tons shipped in the previous month, December 2007.
March 20, 2008, 12:13PM Sector Snap: US Steel Companies Gain NEW YORK — Shares of several U.S. steel producers rose Thursday as key non-U.S. rivals retreated following an analyst upgrade of United Steel Corp.
United States Steel Corp. led the sector with a gain of $4.39, or 4 percent, to $114.25 in afternoon trading. The stock was upgraded to "Buy" from "Neutral" by Goldman Sachs analyst Aldo Mazzaferro.
The analyst cited higher-than-expected U.S. steel prices. "Global markets appear to reflect a physical steel shortage, in our view," he wrote in a note to clients.
"Strong global demand trends are trumping U.S. weakness, and the net-short U.S. market needs to raise imports, being already very low on supply," the analyst wrote.
Non U.S. producers, however, were struggling. ArcelorMittal, the world's largest steel maker, fell 94 cents to $74, BHP Billiton Ltd. sank $2.01, or 3.1 percent, to $61.98, and Rio Tinto PLC gave up $13.50, or 3.4 percent, to $382.
I wholeheartedly disagree. We need to invest in technology. Steel, like fossil fuels, is a finite asset. The US needs to invest in the future, not the stodgy pidgeon holes of the past.
JMO
Ps: China and India can fend for themselves.
-------------------- When fascism comes to America it will be wrapped in the flag and carrying a cross. Sinclair Lewis Posts: 2166 | From: St. Louis | Registered: Feb 2005
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