economic indicator

[Davestone]

Yeah, i think it echoes what others have been saying,and what some of us believe.This situation can not stand.Germany is now the sole heir of European debt and their second head of icb just resigned over them having to buy all the crap countries bonds,it is even against the charter of the EU to take over other countries debts.This will now make it an explosion when it does tank.
The return on greek bonds is now almost 50%!!!!
Germany gets to pay that!!!
We are doing the same thing within our own country.When we start paying back, or trying to pay back the bailouts and interest rates rise we will all be so poor it will shock you.


On the other hand my area has seen a huge spike in construction...not new,remodeling..kinda like a false spring.


Jim Rogers has been right about 98% of the time,it is sobering..http://theinternationalforecaster.co...ed_Corrections

[Steve C]

Unemployment is such an old-fashioned word:

http://www.bls.gov/news.release/empsit.t15.htm

[jvcstone]

Peter Schiff on the O's new stimulus plan:

http://lewrockwell.com/schiff/schiff136.html

JVC

[sandbagger]

On the other hand my area has seen a huge spike in construction...not new,remodeling..kinda like a false spring.

Or maybe folks are deciding to spend it while it will still buy something. At least they will be comfy when things fall apart.

[Mr.Miyagi]

On the other hand my area has seen a huge spike in construction...not new,remodeling..kinda like a false spring.

A probable cause and explanation for the spike.
http://www.economicpolicyjournal.com...rt-before.html

I've also seen a recent surge in remodeling work, but it has also brought with it higher material costs.

[Davestone]

It actually hadn't dawned on me this may be the reason,a fear of eroding buying power,and a depressed labor market,how could i miss the obvious?I was beginning to think things were turning around.

I knew there was a reason i wasn't excited about it.

Now with the new jobs stimulus i may go out and get me a road construction job for 8.00 an hr.

[Davestone]

I think this song says it best..http://www.youtube.com/watch?v=ghZlw...eature=related

[Davestone]

Anybody watchin the market and gold? Somethin ain't right.

I remember arguing about the plunge protection team with someone,here it is in Wiki...http://en.wikipedia.org/wiki/Working...ancial_Markets

[ob1kanobee]

Rich bankers bailing out rich bankers on your credit card.

[Davestone]

I think it is much worse than we realize and the ruling party is truly trying to bring us to our knees so they can punish us and change the system.Why else would it be so bad for this long...http://theinternationalforecaster.co..._Up_Its_Sleeve

[Davestone]

The jobs stimulus makes it painfully obvious the regime will do anything except simply make it easier for companies to survive.They will make it so confusing and convoluted in policy that almost no one will hire except a few butt kissing corp. in their pockets.And their media will ballyhoo about it,they will forecast unemployment dropping but it will go right back up.
As Schiff says they will no be in so much debt they will have to raise the ceiling again,never admitting we are broke.

[Tiger Mountain Tile Inc]

Here's an economic indicator: This man went into his bank in Greece to try to renegotiate his overdue home loan. Guess what the answer was.

http://www.zerohedge.com/news/arab-s...uropean-winter

[Davestone]

Wow, musta been BOA....A little extreme, i mean, the bullhorn and all.

Have any of you read the story of Argentina ten years ago?Verrry scary and similar to europe and here.

[Tiger Mountain Tile Inc]

There's a guy from Argentina that writes a survival blog. He has a lot of insight in what it's like to live through hyperinflation.

http://ferfal.blogspot.com/

[sandbagger]

can't remember who it was, but I saw a pretty good comparative analysis of Argentina then (1980s) and Europe now. The gist of it was that our banks were very heavily leveraged into Argentine bonds and such but today that (European) exposure is relatively minor. When Argentina failed our banks had to create some sort of long term security to amortize the debt but they still survived quite nicely.

When Europe crashes the market will take a temporary dive - that's the time to buy.