Folks, WE ARE IN A SPIN LOOP AND ARE CRASHING ECONOMICALLY.

Discussion in 'Economy' started by Neubarth, Oct 22, 2009.

  1. Neubarth
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    Neubarth At the Ballpark July 30th

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    This mornings economic headlines are just like all the others lately.

    Dow Chemical revenues slide; company cuts spending

    Dow Chemical revenues tumble and company is not counting on improving conditions for 2010.


    Reports like this are happening all across the country. Spending cuts have the final result of millions of more unemployed. They, in turn, reduce their buying because they are living off of Unemployment Insurance. Because of their lack of spending other companies are hurt and they cut employment.

    In computer language they have a term called a SPIN LOOP. That means one thing is causing another thing to happen which causes another thing to happen that causes the first thing to happen. SPIN LOOPS can cause the entire computer to CRASH!

    What we have here is a SPIN LOOP in the economy. It is causing the entire economy to CRASH!

    So far the Obama administration has done nothing about the Spin Loop and the consequence is that the economy is slowly being destroyed.
     
    Last edited: Oct 22, 2009
  2. California Girl
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    *Hits 'sarcasm on' button*


    Don't Panic. Everything is fine, the POTUS has it all under control.

    *'sarcasm ends*
     
  3. Sunni Man
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    Sunni Man Diamond Member

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    Our ZOG government will eventually straighten out the economy.

    It is in their interest to keep American's working.
     
  4. The Rabbi
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  5. Midnight Marauder
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    New unemployment claims worse than expected this morning:

    Unemployment Claims Rise 11,000 | Forex District

    Stock futures weaker:

    UPDATE: BEFORE THE BELL: US Stocks Futures Weaker - WSJ.com

    Retail sales down:

    US ECON: September Retail Sales Down 1.5%, Up 0.5% Ex-Autos - Forbes.com

    Yup, it's all roses!
     
  6. Neubarth
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    Neubarth At the Ballpark July 30th

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    Oh learned man of the sacred texts, you are out of touch with reality. A few exceptions to the norm do not a recovery make. The average Wall Street Stock has lost 80 percent of their earnings from two years ago. THAT is a Severe Depression.
     
  7. Neubarth
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    Neubarth At the Ballpark July 30th

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    Globally, shipping is falling and falling and falling. Product is simply not being shipped.

    Cantor Fitzgerald cut both Tsakos Energy (TNP) (Hold from Buy) and Overseas Shipholding (OSG) (Sell from Hold).
     
  8. Douger
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    Man ! Thanks for telling us ?
    How did you know ?:lol:
     
  9. Neubarth
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    Neubarth At the Ballpark July 30th

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    Housing prices forecast to fall in 2010 -- and could keep falling for years
    Charles Hugh SmithCharles Hugh Smith RSS Feed
    Oct 21st 2009 at 8:30AM



    Fiserv, a financial information and analysis firm, is forecasting that national median home prices will fall 11.3 percent by summer 2010. The recent surge in home sales and new homes under construction have launched a feeding frenzy in the hardest hit Sunbelt and California markets as investors believe "the bottom is in." The Fiserv forecast -- and the fundamentals of supply and demand -- are throwing cold water on that confident enthusiasm.

    Foreclosures are still rising as defaults rise in prime mortgages, which were once viewed as immune to the high defaults hitting subprime loans. As I have reported here before, the foreclosure pipeline -- not just homes that have been foreclosed, but those in default -- is bulging.

    Banks are holding foreclosed and distressed properties off the market, hoping to sell them in a stronger economy. This stock of homes is called the "shadow inventory" because lenders have numerous ways to hide how many loans are in arrears and how many homes are foreclosed but not listed on the market.
     
  10. Neubarth
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    Neubarth At the Ballpark July 30th

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    Well, podner I came out of retirement and took a job early last year because I knew we were going to fall into Depression. I had retired in late 2000 (52 years old) and was living off of my investments when it became all too obvious that we had three bubbles going at the same time. Housing, stocks and credit. Told my wife that we were due for a massive collapse that would have to lead to Depression. At my age in 2008 (60), nobody would hire me or even interview me until I landed a position 500 miles away from home. I took the job for a year and watched as the economy went to hell in a handbasket. I have subsequently re-retired and am living at home in San Diego as I watch the Spin Loop unfold. I expect that I will go back to work again, but I have enjoyed the last few months off.
     

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