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BS: The economy is sound........
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Subject: BS: The economy is sound........ From: Susu's Hubby Date: 17 Mar 09 - 09:53 AM Seems like Obama has subscribed to the John McCain newsletter afterall. Wasn't it just a few months ago, Mr. McCain was almost crucified when he shared the same sentiments with us? Oh...well...just a little investment advice to you guys in here.... Why don't you take anywhere from a hundred to five hundred dollars and throw it into an etrade account. Start buying up all AIG stock you can. It's trading at a little less than a dollar a share right now. With the bonus flap going through the news now, it'll probably go down a little more. So watch it for a day or two before buying. It's a good thing, because think about how big AIG is and how the gov't can't afford to let AIG go under. Obama's guys aren't going to let it happen. So buy it now and in a couple of weeks, you will have easily doubled your money. I did it with citibank a few weeks back. They were trading at .97 a share. I purchased 105 shares. Yesterday, they closed at $2.33/share. More than doubled my money in just a couple of weeks. So why wait for Obama to send you a check? You can do it yourself. Don't tell me that you don't trust the economy. Obama said it was sound. Hubby |
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Subject: RE: BS: The economy is sound........ From: Amos Date: 17 Mar 09 - 10:00 AM Oooh!! A vulture that TALKS!!! That's novel! A |
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Subject: RE: BS: The economy is sound........ From: Susu's Hubby Date: 17 Mar 09 - 10:04 AM Or you could just sit around and continue to bitch about capitalists while you whine about how unfair everything is. Your call. Hubby |
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Subject: RE: BS: The economy is sound........ From: Amos Date: 17 Mar 09 - 11:00 AM Who you thinking of in particular, SH? SOme of us have not been doing either of thsoe things (well, I have issued a few expletives about the disappearing billions of bailout money going into AIG...). SO let me get this straight. Yoru view is we have two options: on eis to whine and ring our hands, and th eother is to make profits from the dying carcasses of corrupt corporate entities who can't seem to tell the truth about what they are doing with our money by buying shares in them. Back in the day , one invested in things that one thought one could believe in--a group with good products, and an ethical and sound business plan, competent leadership---things like that. Sure you can flip houses in a rising market, buy AIG in disarray and sell it when the taxpayers have bailed you out, and invest in lots of immoral things. PLenty of 'em out there. As Joh Stewart said the other day, "There's a market for cocaine and hookers, too...". But fundamentally, you are taking the position that turning a buck is your sole criteria of ethical action, aren't you? Are you really sure there are no other values that should be used to steer by, other than raw dollars turned? A |
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Subject: RE: BS: The economy is sound........ From: CarolC Date: 17 Mar 09 - 11:58 AM Obama never said the economy is sound. |
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Subject: RE: BS: The economy is sound........ From: Rapparee Date: 17 Mar 09 - 12:07 PM The US economy is as sound as a Canadian dollar. |
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Subject: RE: BS: The economy is sound........ From: Q (Frank Staplin) Date: 17 Mar 09 - 02:07 PM Most of the banking stocks look like good buys at this time. |
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Subject: RE: BS: The economy is sound........ From: Don Firth Date: 17 Mar 09 - 02:20 PM Well . . . there are those folks who, when a buck is to be made, have the ethical values of a hyena. Don Firth |
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Subject: RE: BS: The economy is sound........ From: Amos Date: 17 Mar 09 - 02:29 PM ANd the economy, which has been essentially blown to smithereens by huge numbers of subprime mortgages forcing default and credit failure, is still waiting for several other shoes to drop--medium prime mortgages, credit card debts, and prime-rate mortgages with similar tickler rates up front, which when they re-set will force a lot of better qualified mortgage holders now suffering fromt he reduced economy into the same position as their sub-prime coutnerparts. Unless economic stimulus offsets this wave of sad-sack economic errors, we're not in for a pretty decade. A |
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Subject: RE: BS: The economy is sound........ From: number 6 Date: 17 Mar 09 - 02:41 PM "The US economy is as sound as a Canadian dollar." well ... our banks are more 'sound' Canadian banking system is being called the world's soundest biLL |
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Subject: RE: BS: The economy is sound........ From: Q (Frank Staplin) Date: 17 Mar 09 - 03:22 PM In Canada, Scotia Capital (part of Scotia Banking group) is recommending financials, mining, oils, fertilizers, and dumping gold-based investments. Canadian bank dividends look solid although other groups are going south. BMO (Bank of Montreal) has received re-imbursement from AIG (bailout money), but was strong without the repayment. Many opportunities out there for the longer haul, as well as the market has good day-to-day opportunities as well. Unlike the U. S., Canadian real estate is starting to rebound, although it only suffered small losses in the first place. |
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Subject: RE: BS: The economy is sound........ From: Q (Frank Staplin) Date: 17 Mar 09 - 03:41 PM I must curb my as well as tendencies. |
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Subject: RE: BS: The economy is sound........ From: Rapparee Date: 17 Mar 09 - 03:42 PM I'm recommending .22 and other popular calibers of ammunition, decent bows, traps, home milling equipment, and shovels. |
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Subject: RE: BS: The economy is sound........ From: Q (Frank Staplin) Date: 17 Mar 09 - 05:57 PM Order from Cabela? |
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Subject: RE: BS: The economy is sound........ From: Bobert Date: 17 Mar 09 - 07:26 PM Well, it reallty doesn't matter what Obama say, the righties are going to take the opposite stand, regardless... Two weeks ago the righties were saying that Obama wasn't positive enough about the economy... More sour grapes from the Repubs... Heck, Obama could find a cure for cancer and the Repubs would be sayin', "Why didn't ya' find it last week..." Like I said, what we are getting here is a bunch of sour grapes from a bunch of washed up losers... B~ |
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Subject: RE: BS: The economy is sound........ From: Susu's Hubby Date: 18 Mar 09 - 09:32 PM Vindication is SWEET! Thank you John. Hubby |
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Subject: RE: BS: The economy is sound........ From: Riginslinger Date: 18 Mar 09 - 10:30 PM Here's the problem, as I see it. During the campaign, McCain stuck his neck out and announced that "the economy was basically sound." Axlerod's henchmen were all over him. Obama got elected. Obama tried to make it sound like he had inherited this problem and it was really really bad, so if it improved any at all, he would get credit for fixing it. His negative talk put the markets into a tail-spin. He was advised by Axlerod and other handlers to project a positive image. He said "the economy was basically sound." Suddenly a whole lot of people wish they had voted for John McCain. |
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Subject: RE: BS: The economy is sound........ From: Amos Date: 18 Mar 09 - 11:34 PM HIs talk is not what put the markets into a tailspin. The universe is not made of PR, and the markets respond a lot more readily to the facts of opportunity and the numbers of the day than they do to what any politician says, popular wisdom not withstanding. McCain's problem was not what he said, but when he said it--the word fundamentally was undergoing a major redefinition at the moment and he ended up looking foolish. A |
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Subject: RE: BS: The economy is sound........ From: CarolC Date: 19 Mar 09 - 06:30 AM Obama never said the economy is basically sound. This is what he did say... "There's a reason why even in the midst of this economic crisis you've seen actual increases in investment flows here into the United States," Obama said. "I think it's a recognition that the stability not only of our economic system, but also our political system, is extraordinary. "I think that not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States," There's a really big difference between these two things. |
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Subject: RE: BS: The economy is sound........ From: Bobert Date: 19 Mar 09 - 08:57 AM I'm doin' my part... Last I looked is that I've pumped about $50,000 into the economy over the last 12 months in building supplies alone... Off to Harrisonburg today to pump a few more bucks into the economy... B~ |
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Subject: RE: BS: The economy is sound........ From: heric Date: 19 Mar 09 - 02:09 PM Douglas-David has filed family court papers showing she has more than $53,800 in weekly expenses, including for maintaining a Park Avenue apartment and three residences in Sweden. Her weekly expenses also include $700 for limousine service, $4,500 for clothes, $1,000 for hair and skin treatments, $1,500 for restaurants and entertainment, and $8,000 for travel. |
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Subject: RE: BS: The economy is sound........ From: Amos Date: 19 Mar 09 - 11:59 PM That snide, anonymous and vitriolic sarcasm should be deleted--and my objection hereunto as well. A |
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Subject: RE: BS: The economy is sound........ From: GUEST,Guest from Sanity Date: 20 Mar 09 - 12:09 AM The economy is sound????....I wonder what tune Nero was playing, on his fiddle?..Come on, sounds like some of you know it well! |
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Subject: RE: BS: The economy is sound........ From: GUEST,beardedbruce Date: 20 Mar 09 - 05:45 AM "That snide, anonymous and vitriolic sarcasm should be deleted--and my objection hereunto as well." Why? Compare it to the remarks you and others made and still make about Bush, and it pales in comparison. Or are you still demanding a different standard for what you support and what you do not? |
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Subject: RE: BS: The economy is sound........ From: Bobert Date: 20 Mar 09 - 07:59 AM Obama can't win with the righties... When he tells the truth about the economy they accuse him of talking it down and not being confident... When he talks confident about the economy they accuse him of lieing... ??? B~ |
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Subject: RE: BS: The economy is sound........ From: DougR Date: 20 Mar 09 - 02:17 PM Carol C: Obama did not say the economy is sound? Perhaps you should stay abreast of the news a bit more closely. Even his chief adviser on the economy said so in an interview on one of the Sunday news show last Sunday. I seem to recall Obama reassuring the audience on Jay Leno's show of the same thing. Of course he could just be out of touch too, since he was in California instead of reporting to work in the oval office. DougR |
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Subject: RE: BS: The economy is sound........ From: CarolC Date: 20 Mar 09 - 04:58 PM I've provided a direct quote of what he did say. People seem to think that if Obama (or his advisers) use the words economy and sound in the same sentence, that means they are saying the economy is sound. But there's no truth to that. Just read the direct quote I've provided above. People are just making stuff up as they go along that has no basis in fact (as usual). |
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Subject: RE: BS: The economy is sound........ From: pdq Date: 20 Mar 09 - 05:24 PM ...from msnbc.com.: updated 6:18 p.m. ET March 14, 2009 WASHINGTON - President Barack Obama on Saturday downplayed divisions between the U.S. and Europe over how to tackle the world's financial crisis and said China should have "absolute confidence" that its sizable investments in the United States are safe. In a conversation focused heavily on the economy, Obama met in the Oval Office with Brazilian President Luiz Inacio Lula da Silva. It was the latest in a series of talks the president has had with his counterparts around the world before a pair of international meetings where the economic crisis will dominate. Both leaders will attend the Group of 20 countries summit in London on April 2, and the Summit of the Americas in Trinidad in mid-April. Financial regulation a concern Obama said the notion that the U.S. and Europe are already taking sides, with America pushing for more stimulus spending and European nations favoring tighter regulation of the financial industry, is a "phony debate." "I can't be clearer in saying that there are no sides," Obama told reporters after the meeting. He said a full range of approaches — including stimulus spending, such as his own recently enacted $787 billion package, and financial regulation — are needed to help revive the global economy. Financial regulation "is front and center" among the issues he wants to deal with, he said. "In my mind, at least, there is no conflict or contradiction between the positions of the G-20 countries and how we're going to be moving forward," Obama said, adding that differences in details were being worked out. "I expect to have a productive meeting." Treasury Secretary Timothy Geithner, who had pushed for Europe to match Washington's $787 billion package of spending and tax cuts, said Saturday that there was "broad consensus globally on the need to act aggressively to restore growth to the global economy. Geithner spoke in London at a prepratory meeting of finance officials from the rich and developing G-20 countries. Obama: Investors needn't worry At home, Obama also sought to assure China that its investments in the U.S. are safe. Chinese Premier Wen Jiabao had said Friday he was concerned about the safety of the estimated $1 trillion his country has invested in U.S. government debt. China is Washington's biggest foreign creditor, and Obama's administration is counting on the Chinese to help pay for the $787 billion economic stimulus package by buying U.S. bonds. "Of course we are concerned about the safety of our assets. To be honest, I'm a little bit worried," Wen said. "I would like to call on the United States to honor its words, stay a credible nation and ensure the safety of Chinese assets." Wen — and other investors — needn't worry, Obama said. "There's a reason why even in the midst of this economic crisis you've seen actual increases in investment flows here into the United States," Obama said. "I think it's a recognition that the stability not only of our economic system, but also our political system, is extraordinary. "I think that not just the Chinese government, but every investor, can have absolute confidence in the soundness of investments in the United States," he added. Silva said the crisis gives world leaders an "extraordinary opportunity" to demonstrate to their people that they are capable of handling major issues. He said it was critically important to create jobs, create incomes and boost consumption. "We are in a large ship and water is leaking," Silva said, speaking through a translator. "Now is the time to fix the leaking and make the economy go back to the tracks." Obama discussed the global economic crisis on Friday during telephone calls to his counterparts in Argentina, Indonesia, the Philippines and Saudi Arabia. He also has discussed the issue during recent Oval Office meetings with Japanese Prime Minister Taro Aso, British Prime Minister Gordon Brown and Chinese Foreign Minister Yang Jiechi. |
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Subject: RE: BS: The economy is sound........ From: Stringsinger Date: 20 Mar 09 - 06:37 PM There is no long term plan for the US economy. Better plan to short sell. We haven't seen the bottom of this pit yet. AIG has outlived its usefulness and the future is not good for it. Did Obama say the economy was sound? I never heard that. Well, it may be sound for the upper one percent of the rich but everyone else is hurting. Anyone who would invest long term in AIG or any of the current stocks is in for a hard fall. It happened in '29 and something like it is happening now. Anyone trading on the stock market these days is making a foolish mistake especially over the long haul. |
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Subject: RE: BS: The economy is sound........ From: GUEST,Guest from Sanity Date: 20 Mar 09 - 09:43 PM You mean, John 'Keating Five Lincoln Savings Scandal' McCain??? ...and the sub-prime mortgages, that Amos spoke of....that the lending institutions pressured by Clinton, (read New York Times post, I posted earlier)...Wow!..What a group of great Presidents we've had! That's what I call ...'Change'!!..What a crock of shit!!!! |
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Subject: RE: BS: The economy is sound........ From: Janie Date: 20 Mar 09 - 09:48 PM I'm curious, with the market down, anyone selling their IRA or Keogh mutual funds at a loss to buy gold, put it in an IRA CD, or stuff it under the mattress? |
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Subject: RE: BS: The economy is sound........ From: Q (Frank Staplin) Date: 20 Mar 09 - 10:33 PM Gold is yesterday, it seems to be topping out. There are bargains out there. There are investors now who are recovering lost ground, but most people with full time jobs don't have the time to study the stocks. This is why most of us have to stick to mutuals and funds of various kinds. Some people moved into the money market, but this requires day-to-day management. The "bottom" may be 10 months away, but investors never worry about a bottom or a top; they follow the ups and downs. What kind of an IRA or fund? Invested in property, stocks, foreign, specialized or diversified?. There are so many it is confusing; my bank alone has at least five. Unless one really needs the cash, hang on to mutuals. They took a hit, but fund managers are continuing to find opportunities, and are already building back, albeit at a slow rate. |
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Subject: RE: BS: The economy is sound........ From: Barry Finn Date: 20 Mar 09 - 11:10 PM I'm doing my part too. I refused to pay any of my bills excpt for my mortgage (I'm gonna ask for a rate reduction there). They are now calling me all hrs night & day & asking me to pay 50% & they'll wipe my debts clean. Nope, I'm holding out till they crash & then I'll pay them back 10 cents on the dollar. They're giving me a 6 month grace period to respond & except. At which time I figure since I'm one of "THE" taxpayers that's bailing out the bunch I'll ask for stock options as part of my buyout/payback plan & when I pay them off,,,,,, they're gonna half to agree to allow me to pay back that 10 cents on a dollar using the installment plan. I'm jacking up the interst rate if they don't play ball. Barry |
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Subject: RE: BS: The economy is sound........ From: GUEST,Guest from Sanity Date: 20 Mar 09 - 11:22 PM Being of sound mind, I saw this coming long ago...I'm completely debt free..nada, zilch,..just my monthly utilities...which I try to pay into, the month before....even though winters get more expensive...I still have the time for my freedom, to write, compose, and record...and be on this stupid thing! |
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Subject: RE: BS: The economy is sound........ From: GUEST,Guest from Sanity Date: 21 Mar 09 - 06:55 AM This thread is fading into the sunset......... |
