economic indicator

[Davestone]

Well,the bigger point is that someone else,another form of govt. and their cronies took over everything, and the former holders of pensions, bonds and such lost their asses.
The stock market means nothing, it has been hijacked by the govt.and the corp.The suckers are the people playing at home hoping to hit a Home Depot..those days are gone.
I see they held a rally at Wall Street, but didn't get much support.I bet the next rally will...http://www.bloomberg.com/news/2011-0...s-dwindle.html

[Davestone]

Well, they are finally coming after 401k's,run for the hills, and take yours with you,in this turmoil they are coming after your money as we said they would...http://theinternationalforecaster.co...o_Your_Pension

[Tiger Mountain Tile Inc]

This has been on the horizon for a while now. I have a little bit of money in an IRA, but I don't really expect it to be there when I can use it.

I wouldn't be surprised if the govt. confiscates the retirement funds and "assures" us that we will be taken care of.

The other problem is that the most of the pension funds are unfunded. There's a crisis coming there, as well.

[MudMaker]

Looks like Wall Street don't like Ben Bernanke's version of the TWIST...
Dow down 284 points..

[Davestone]

I haven't digested this twist thing yet,don't fully understand the need for lowering interest rates that are already low to increase borrowing.

[Mr.Miyagi]

Operation Twist in plain English.

http://www.financeandeconomics.org/A...dit%20Repo.htm

[MudMaker]

It don't make much sense do it?
This on Forbes by Agustino Fontevecchia,a Forbes staffer...

http://www.forbes.com/sites/afonteve...e-yield-curve/

[Davestone]

I get the principal,freeing up money that is sitting in securities and making it available for risky ventures.Might help,but too little too late i think.They didn't try to help the people that fell down, and people are still falling.Any help would be months away.More trickle down.
I think Rocktober will be unbelieveable.I think we are going to see a biiig drop.

[ob1kanobee]

I know CD money will be flying out of the banks! They weren't paying much at all before. The new rates should look pretty ugly for sure.

[Steve C]

This from an article in NRO:

Why S&P Downgraded the US:

U.S. Tax revenue: $2,170,000,000,000
Federal budget: $3,820,000,000,000
New debt: $ 1,650,000,000,000
National debt: $14,271,000,000,000
Recent [April] budget cut: $ 38,500,000,000

Let’s remove 8 zeros and pretend it’s a household budget:

Annual family income: $21,700
Money the family spent: $38,200
New debt on the credit card: $16,500
Outstanding balance on the credit card: $142,710
Budget cuts: $385

http://www.nationalreview.com/corner...e-carrie-lukas

[Davestone]

Not that far removed from my actual budget.

There seems to be a sell off and cooling going on,of course this coincides with a reelection year.My guess is oil goes down and stocks go back up for awhile.

[ceramictec]

http://www.miamiherald.com/2011/09/2...fed-index.html

Originally Posted by Douglas Hanks-MiamiHerald.com

Despite gloomy warnings, a leading index created by the Federal Reserve predicts more growth for Florida’s economy. The numbers says the U.S. will avoid recession, too

Florida should avoid a recession through the start of 2012, even as some state economies show signs of shrinking, according to a Federal Reserve index.

The Philadelphia Fed’s leading index of state economies showed Florida dropping slightly in August, but still in positive territory at .92. That means the index predicts Florida’s economy will continue growing for at least six months.

Thursday’s report runs counter to predictions that the country is heading for a second recession. Despite better than expected economic growth in the spring, economists still see Europe’s debt crisis, strained government finances and weak confidence from consumers and businesses as threatening the recovery.

[MudMaker]

Izzat why alla them houses are for sale down there?

[ceramictec]

yep, ready for all the baby boomer people to move out of those high cost of living States and get away to a beautiful place.

[MudMaker]

No argument there.......