Posted on 11/03/2007 3:25:26 AM PDT by HisKingdomWillAbolishSinDeath
America is like one huge subprime debtor. Except our “Countrywide” is China.
What’s going to happen to the fired Merrill Lynch CEO who is getting a $159 million severence package now that they discovered Merrill attempted to hide $8 billion in losses by diverting them to hedge funds? Will he skate because he was Jesse Jackson’s affirmative action hire? Let’s see if Spitzer has as much outrage over him as he did over Dick Grasso.
The US does not make products anymore.
Asian markets, The EU, emerging markets, etc.
“another sign of what precarious times we are living in.”
In which era where the times were not precarious?
That’s what I was saying!
And right now, the media believes that it's in their "best interest" to do all they can to shake the confidence of the public in ALL governmental instituions. In order to bring "their gang" into office.
Mark
Yeah, until Bush and the decrepit "republican" congress came along and spent like, well, your typical American. They wasted whatever was leftover from Reagan's accomplishments and Gingrich's "Contract With America". All gone with a yearly stroke of the pen.
And as sheep we are to “Beware of false prophets, who come to you in sheep’s clothing, but inwardly are ravenous wolves”.
Matt 7:15
It does if it keeps most of us employed.
Post your chart, Toddster.
LLS
In 2006 US exports were a record $1.4 trillion, up 12.5% over 2005.
In reading through the posts, I found many that disagreed with the article—but without I fear reading the whole piece.
Whether you like it or not, the Dollar has slumped to record lows against the Euro over the past few months and seems primed to go even lower.
Are such currency ratings cyclical? Sure, but the overwhelming reputation of the Dollar as the safest currency may be tarnished with every cycle.
The questions are not really questions but are statements of unrealized fears. In other words, I disagree with your contention that there is something wrong, and secondly that someone screwed someone.
The vast majority of sub primes are being paid on time. The set asides and loss claims by the big boys are all paper at this point, and are meant to be way on the conservative side. Out of a abundance of caution, they are preparing for potential losses that are yet to materialize.
They are forced to do this by the markets, because they cannot be caught understating. The real numbers, or the actual losses will not be tallied for a couple years and are expected by most to be way short of the baseless projections. It is the media and the short sellers who are hyping the fears, just as they are doing with the price of oil.
It's the perfect storm for them with the election looming. All this results in consumer confidence falling like a rock, yet no pain is being felt by the fearful. They then claim everything is going to hell and when asked how they are doing personally, they all say GREAT!
So what's wrong with this picture?
I'll tell you................
The picture is not real. It's bovine excrement! But just as soon as Hillary is elected, the media will drop this crap like a hot potato and the fears will dissipate like fart in the wind.
The sad thing to me, is that REPUBLICANS of all stripes are buying into this stuff, hook, line and sinker. I saw it again last night while watching a C-span presentation of a Republican focus group.
Among the things the focus group said, was that Bush lacked intelligence, He refused to listen to the Base voters, yet out of the same mouths came statements like..."He sticks to his guns and we like his determination."
The entire lot of them were worried about the economy and their children's future yet each and every one said they were doing great financially.
They all were worried about too much expense for the war and felt Bush was breaking our financial back, yet they all liked the idea of free health care and drugs.
Talk about schitsophenia!
Frankly speaking, this country will get the leadership it deserves in 2008. Stupid is as stupid does......While they are worrying about nonexistent increases in deficit spending and loss of basic freedoms because the war costs in useless Iraq, they will gleefully add billions to entitlement programs, tie the hands of the people who protect them in order to protect their false perceptions of freedom, and regulate business out of business because they think they are getting screwed by someone...................anyone.........wag finger in any direction as long as it is away from them.
Yep! Lose money in the market and it's always fraud....But never say the same about a slot machine. That's just gambling risk.......
These are conservatives saying this stuff! Republicans!
No way we win elections this way. No way in hell.
After this Bush administration is over, we face 8 years of hell and stagnation. Maybe then, and only then, will the memories return regarding what a bad economy looks and feels like. What a recession really is! What real, and not media perceived fraud and deceit really looks like up close and personal. There will be no need for false perception creation.
Then and only then...............
Yup!
The media (democrat mouthpiece) has turned reality on it's head, and so called re pubs are buying the false perceptions as reality and don't even question it.
Why is it that we have to lose to democrats in order to remember what they are and how they deceive?
It's like Russian roulette.
We do it over and over again like a bunch of populist fools...clowns....worthless air breathers.
Not only repubs. I was searching this article trying to find out who wrote it (if there's anything that steams me more than crap like this it's crap like this with no name attached to it) and found this article posted on DU.
If I didn't know better I'd swear some of the comments there were cut and pasted from FR.
It's happening. We sell products worldwide, and our sales are picking up nicely. Also, we have people moving from our Canadian offices to Phoenix, selling their houses in Canada that are still inflated and buying houses in Phoenix that have gone down in the last year. Even better, they're still being paid at the rate they were making in Canadian Loonies but now converted to Greenbacks. Nice move, if you can do it.
Although I’m skeptical of that first chart, I’ll accept it for now. That last chart however, is misleading. Aircraft and armaments (probably our biggest $$ items) skew those numbers.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.