$Markets are crashing worldwide (Metlakatla: oil , weather, live)

[Xa'at]

I like to use french toast metaphors and similes whenever possible. For example...
People are like slices of French toast. Some come with heaps of strawberries, others cinammon and vanilla, while some just have a little bit of powdered sugar. They can be stuffed or plain, and made from all sorts of breads. But in the end, they all get grilled and ingloriously eaten by hungry breakfasters.

[cobolt]

We're already global. We've been global. Maybe that's the problem. Maybe that's why so many jobs are being outsourced. I too think we should focus our attention domestically. I've thought about this alot. I also think and agree that alot of this financial market blah blah is just more media hype...you know how it is...someone throws the media a hot potato and they have to mash the you know what out of it. As a previous poster said, those who have struggled before will continue to struggle, such as my neighbors who like to live beyond their means. Those who are smart or know when to be frugal will continue to do so. I think the economy is just symptomatic of systemic problems. We do need to put more focus on domestic issues. We give soooo much aid to other countries....and that's fine..whether there is an "I rub your back, you rub mine" payoff in that aid or not, I don't know. What I do know is that I'm sick and tired of hearing the same rhetoric, the same promises, the same blah blah as the next guy on the political front. I can't get excited about any of it. And people get turned off or even apathetic and then...well you have what we have now.

I'll take that french toast now.

[Manmountain]

For the Folks that say chill out and be happy and go along to get along; did ya watch the controlled Networks evening News??? Ya i did, and they say ITS A GOOD TIME TO BUY !!!!!!


You poopoo warnings from idiots here on CDATA-- but you watch these money manipulating network Pimps and believe ..

I HATE LIARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!

99% of public media is hypnotic lies!!!!!!!!!!!!!!!!!!!!!!!!!!

WHATS IT GONNA TAKE?

[Metlakatla]

I don't get any kind of television at all out here.

But I got a new bottle of Captain Morgan's today.

[cobolt]

I believe very little, if anything of what I hear/watch on the network news, the newspaper etc. My dad has worked in the media for 40 years and that has taught me alot. You'd be floored at the spinning robin of lies and manipulations. Disgusted me so much that when he offered to get me a job I said "No thanks. I'll join the Navy." Best decision I ever made.

[Rance]

Originally Posted by Manmountain

For the Folks that say chill out and be happy and go along to get along; did ya watch the controlled Networks evening News??? Ya i did, and they say ITS A GOOD TIME TO BUY !!!!!!


You poopoo warnings from idiots here on CDATA-- but you watch these money manipulating network Pimps and believe ..

I HATE LIARS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!

99% of public media is hypnotic lies!!!!!!!!!!!!!!!!!!!!!!!!!!

WHATS IT GONNA TAKE?

Hey don't yell at me. Your the one that watched the news. And you have the nerve to accuse us of doing it! Shame on you. Maybe you should "stop" watching the news. It seems to get you all worked up.
Are you on some kind of medication but not taking it? And why do you chose to go on and on like this on the AK forum? I think you'd better serve the country in the political forum. Weird. Anyway...I'm taking a leisure drive out to the rig for some dinner. I bought some collectibles today and I need to celebrate! It was a great day for shopping...

[allforcats]

Let's drink to Rance's new collectibles!! YAY!!!!!!!!!!

[DannyL]

ok, let's all calm down.

This latest meltdown in the european, asian markets was BASED ON EMOTION. Europe and Asia is scared. That's why in the middle of the night the Fed's blow it and declare a .75% interest rate cut. To calm everyone down. It takes 4-6 months for a cut to make an affect in the economy. They blew it last night.

20% of their (europe and asia) GNP is based on our consumption.
10% of China's total GNP is based on Walmart imports alone.

70% of America's GNP is based on consumption.

- do the math. If joe/sallye-average american quit's spending the economic world is gonna have a fit.
So the end result is personal debt is at an all time high, persoanl savings is literally non-existant, and they think to get me (and you) back in their game all they gotta do is give me an $800 rebate check (which next year they would probably tax me on again) they're crazy.

We have become slave's to luxeries and worthless "bling". Get a life Americans. Cash is gonna be king this year.

Now since I'm on a rant, I'd like to make a request to any polititian who is reading this. Wanna do me a real favor?
CUT MY TAXES!
STOP PENALIZING ME FOR SAVING, NOT SPENDING!

I'm a single middle class male who is so screwed at tax time it sucks. And I'm tired of it.
But at least I'm literally debt-free now, which I guess makes me un-patriotic in some eyes.

[User 2]

Originally Posted by DannyL

ok, let's all calm down.

This latest meltdown in the european, asian markets was BASED ON EMOTION. Europe and Asia is scared. That's why in the middle of the night the Fed's blow it and declare a .75% interest rate cut. To calm everyone down. It takes 4-6 months for a cut to make an affect in the economy. They blew it last night.

20% of their (europe and asia) GNP is based on our consumption.
10% of China's total GNP is based on Walmart imports alone.

70% of America's GNP is based on consumption.

- do the math. If joe/sallye-average american quit's spending the economic world is gonna have a fit.
So the end result is personal debt is at an all time high, persoanl savings is literally non-existant, and they think to get me (and you) back in their game all they gotta do is give me an $800 rebate check (which next year they would probably tax me on again) they're crazy.

We have become slave's to luxeries and worthless "bling". Get a life Americans. Cash is gonna be king this year.

Now since I'm on a rant, I'd like to make a request to any polititian who is reading this. Wanna do me a real favor?
CUT MY TAXES!
STOP PENALIZING ME FOR SAVING, NOT SPENDING!

I'm a single middle class male who is so screwed at tax time it sucks. And I'm tired of it.
But at least I'm literally debt-free now, which I guess makes me un-patriotic in some eyes.

The coupling of world markets isn't based on emotion.

Our housing sector bubble isn't just held in the US, global banks hold this bad paper too.

Despite the public relations package meant to wrap up globalism in a pretty package, markets don't decouple through globalization, they become more and more interdependent.

Foreign markets can see that Americans are facing a recession and won't be spending in their markets.

They know our weakening dollar means we won't be looking for imports because those imports cost more with each new drop of the dollar.

The trouble with the Fed move, is that they waited too long. No one wants to borrow even cheap money now and dropping interest only works if people go out and borrow more money and then spend it.

In the short term we can't look to housing starts to inject any stimulus in the economy, there's not going to be any huge influx of new jobs created to boost the economy, there simply aren't any fundamental processes left to bail out the boat.

This latest bubble burst has so far cost 4 trillion dollars in lost wealth.

The people who have their life savings tied up in their homes are losing their life savings.

Shareholders are losing their retirement hedges, every time one of these financial giants write down another few billion in losses, that translates to real people losing real dollars.

When deregulation and mortgages loan 'reform' was bundled with weak dollar policies and tax cuts for the wealthy, plenty of economists said the result would be disastrous.

Supply-siders were proven not just theoretically wrong, but wrong by any real world measure back when the last supply side 'experiment' was practiced on the US economy.

When the supply-siders proposed the current experiment actual economists said it was a fool's errand.

Maybe next time the supply-side hucksters come around, people will have learned to laugh them off the stage.

In the mean time, dwell on where that 4 trillion dollars went.

It didn't disappear, ........someone made off with it.
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And Bush's so-called 'stimulus' package? It's more giveaway for the wealthiest among us, like all his tax policy proposals, it's heavily weighted to the top percentile, ....the middle class and lower get Dickensian crumbs.

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[Rance]

Seems like a very good time to pull out of this Iraq thing and save some money.