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Old 10-25-2011, 07:41 PM
 
3,335 posts, read 2,702,149 times
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Quote:
Originally Posted by Escort Rider View Post
You really lost me there. My post was not sarcasm at all. It was totally straight-forward. Your introduction of Ebonics into the discussion I found rather jarring but I don't want to ask you to clarify that and I don't want to pursue it because we are getting pretty far from the thread topic here.
I meant to say Slackjaws comment was clearly sarcasm.. sorry i lost you on the ebonics. Not important.
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Old 10-25-2011, 08:07 PM
 
8,265 posts, read 11,198,310 times
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Quote:
Originally Posted by modeerf View Post
The financials were nothing more than accountant wizardry.
This really sounds like something you are throwing out there without having the slightest clue or insight into the profit or financial health of these companies.

Just saw a blurb about Caterpillar, their 3rd quarter profit was up 44% to $1.14 billion. Apparently stronger than expected exports along with the effect of the Japan tsunami waning were big for them.

Which company's financials specifically are you talking about that is engaged in wizardry?
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Old 10-25-2011, 08:45 PM
 
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Quote:
Originally Posted by slackjaw View Post
This really sounds like something you are throwing out there without having the slightest clue or insight into the profit or financial health of these companies.
Not the slightest clue? I was hoping for at least a hmmm. interesting.

Here is another persons opinion of Bank of Americas craftiness in reporting. Remember B of A use to be the largest bank in the USA.

http://www.investorplace.com/2011/10...ancial-stocks/

Quote:
Just saw a blurb about Caterpillar, their 3rd quarter profit was up 44% to $1.14 billion. Apparently stronger than expected exports along with the effect of the Japan tsunami waning were big for them.
And rightly so,

1. The profits from record commodity prices will have a huge effect on machinery. John Deere is building a 180 million dollar plant in Brazil. Just to keep up with the ag growth in biofuels and protein.

2. Natural disasters in many of the major ag. regions of the world.
Fires in Russia, Floods in the heartland and Asia, Tsunami in Japan, Drought in Texas... These all point to greater heavy equipment demand.

3. Gov't spends 10's of billions on equipment. They are ramping up for some kind of Roosevelt fiasco.


Quote:
Which company's financials specifically are you talking about that is engaged in wizardry?

My speculation is on the manipulation of strength that the banks are trying to sell us. It's a classic sucker play to be pulled into believing their reports.

BofA i noted above. JP Morgan had its own tricks to deceive.
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Old 10-25-2011, 09:32 PM
 
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Quote:
Originally Posted by modeerf View Post
Here is another persons opinion of Bank of Americas craftiness in reporting. Remember B of A use to be the largest bank in the USA.
I'm not talking about Bank of America.

Retail sales increased 1.1% in September. Motor vehicles +3.6%. Restaurants +1.2%. Is this all accounting wizardry? Spending is good news, especially across such a broad spectrum as big ticket items and extras like eating out. Still slow growth? Sure. Still employment problems? Of course. But better than expected and not something I'd look to predict collapse, but then again I don't start threads by pasting from the theeconomiccollapseblog like k734 or whatever his name his.

But I suspect you'll behave exactly as was mentioned earlier in this thread for those who come in calling for economic collapse coming, if it doesn't you'll quickly dismiss any numbers as wizardry and say you were right anyway.
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Old 10-25-2011, 10:19 PM
 
Location: Portland, Oregon
7,090 posts, read 11,170,414 times
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Quote:
Originally Posted by modeerf View Post
You are mis-characterizing me.

The world doesn't end, and i don't rant.

Are you someone who trusts financial and physical technology to the degree that we are impervious to another dark ages?
Yes, obviously I can't find the 26 pages of posting history about stockpiling food (seeds, land) for the economic apocalypse, gays causing the fall of Rome (that was pretty funny), Thomas Jefferson would execute current leadership (this goes to the way bizarre), and more economic apocalypse scenarios for 2012. That's just in two pages as well, it veers quite often to the insane with no end in sight so far.

Dozens of pages is a pretty lengthy history of the same crap, over and over again.

I am not stating anything about the infinite number of possibilities that you don't address, I am stating simply that the endless similar scenarios you rant about over and over again are nearly impossible (like many doomers). If they prove not to be true, will you get help or move the date in the future and say the same crap?
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Old 10-26-2011, 10:38 AM
 
3,335 posts, read 2,702,149 times
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Quote:
Originally Posted by slackjaw View Post
I'm not talking about Bank of America.

Retail sales increased 1.1% in September. Motor vehicles +3.6%. Restaurants +1.2%. Is this all accounting wizardry? Spending is good news, especially across such a broad spectrum as big ticket items and extras like eating out. Still slow growth? Sure. Still employment problems? Of course. But better than expected and not something I'd look to predict collapse, but then again I don't start threads by pasting from the theeconomiccollapseblog like k734 or whatever his name his.

But I suspect you'll behave exactly as was mentioned earlier in this thread for those who come in calling for economic collapse coming, if it doesn't you'll quickly dismiss any numbers as wizardry and say you were right anyway.
Spending is good news if it is not an increase in debt.

The greater concern is not the habitual acts of consumers, it is in the macro-economic failure of fiat currency, and a corrupt fractional reserve system.

Everyone was eating and drinking and making merry on the Titanic, just before a small breach in the hull (based on total surface area of the ship) brought it to the bottom of the Atlantic.

People spending money, while consumer sentiment is tanking, should not be seen as a positive when all the other aspects are considered.

I'm not calling for it. It is where the trend says it is going.
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Old 10-26-2011, 10:40 AM
 
3,335 posts, read 2,702,149 times
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Quote:
Originally Posted by subsound View Post
Yes, obviously I can't find the 26 pages of posting history about stockpiling food (seeds, land) for the economic apocalypse, gays causing the fall of Rome (that was pretty funny), Thomas Jefferson would execute current leadership (this goes to the way bizarre), and more economic apocalypse scenarios for 2012. That's just in two pages as well, it veers quite often to the insane with no end in sight so far.

Dozens of pages is a pretty lengthy history of the same crap, over and over again.

I am not stating anything about the infinite number of possibilities that you don't address, I am stating simply that the endless similar scenarios you rant about over and over again are nearly impossible (like many doomers). If they prove not to be true, will you get help or move the date in the future and say the same crap?
The collapse of financial markets is impossible? You are pretty trusting of the money gods.

Correction:
I may rant from time to time...
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Old 10-26-2011, 11:03 AM
 
Location: Los Angeles area
14,017 posts, read 18,870,717 times
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Quote:
Originally Posted by modeerf View Post
Correction:
I may rant from time to time...
Glad to see the honesty.
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Old 10-26-2011, 11:33 AM
 
3,335 posts, read 2,702,149 times
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Quote:
Originally Posted by slackjaw View Post
I'm not talking about Bank of America.
I was, i clearly said the financials. They are the Achilles. They go, we all go.

If i control the flow of water (fiat currency), and your business and lively hood is based on the circulation of water, a drought will kill your business.

The domino effect is that people will stop consuming. You surely know our US economy is 70% consumption.

When consumption drops as dramatic as it has in the last 4 yrs. I'm sorry but a lot of crops (dreams, goals, businesses, etc.) are going to die.
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Old 10-26-2011, 12:31 PM
 
8,265 posts, read 11,198,310 times
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Quote:
Originally Posted by modeerf View Post
it is in the macro-economic failure of fiat currency, and a corrupt fractional reserve system.
Yes, we'll be sure to check the remaining boxes on your predictable template. I assume truther and birther status as well?

Quote:
People spending money, while consumer sentiment is tanking, should not be seen as a positive when all the other aspects are considered.
Spending on things like restaurants is a sign of consumer sentiment, people struggling to pay their bills by end of month are less likely to eat out. Same with purchasing of big ticket items like new cars, the overwhelming majority of people buying a new car aren't doing it because they actually need a new car, they just want a new car. I see this is actually pointless no matter what data is presented your will doggedly spin it as a negative.

Quote:
Originally Posted by modeerf View Post
I was, i clearly said the financials.
Well when you pick and choose which financial information suits your views you end up... well I guess you end up spending your time predicting end of days on internet forums.

See you in summer 2012.
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