March 1, 2009
I think some of you know what happens next.
The frustrating thing is, we all saw the wave, years in advance.
And they wouldn't turn the ship.
They wouldn't even try.
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The frustrating thing is, we all saw the wave, years in advance.
And they wouldn't turn the ship.
They wouldn't even try.
Soot & Ashes Favourite Blogs
PerpWalkWatch - # of Hours New AG Eric Holder Has Let Angelo Mozilo Run Free
Eric Holder and Barack Obama
Failure to
Arrest
Angelo Mozilo
2862 Hours
(countdown suspended 6/21/2009)
ERIC HOLDER - YOU ARE A COWARD
DO YOUR JOB
(UPDATE 6.4.09 - SEC CHARGES MOZILO WITH INSIDER TRADING. YET ERIC HOLDER STILL SITS ON HIS ASS AND DOES NOTHING)
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36 comments:
Shelly Winter's cleans out the dessert buffet?
Does this have anything to do with frozen waffles?
LOL. Nice effects on moving the cruise ship as it's the size of a dinghy. I loved that movie.
Oh, I can't wait until "it's morning in America....." time again. Then we can do all of this all over again. I don't think we will ever have a credit mania like we did from 1982 to 2008, but in a generation we will and I will want my kids to take advantage of it all over again.
Rare snow blankets South as East braces for storm
(AP) — A powerful March snowstorm blanketed much of Alabama and then marched across Georgia on Sunday, forcing some flight cancelations in Atlanta as the East Coast braced for a potential pummeling.
Eastern seaboard cities along a corridor arcing through Washington, D.C. to Boston and beyond braced amid forecasts of potentially heavy snow accumulations early in the week as the storm began a trek up out of the Southeast.
Buh buh buh heroes Al Gore & Pelosi has told us that we should be wearing t-shirts and shorts because the planet is soooooo hot! What happened?
PONZI....
Carol Lynley... oh man, she used to make me... never mind.
Ok, the morning after -- I get it now. Here's where we all just take a little pill, and everything'll be fine(?)
What did they know (about Reagan's Alzheimers) and when did they know it?
Grand slam at Denny's?
They were making too much money and drunk on power to even know what was happening.
.
What did they know (about Obama's nation of birth)
and when did they know it?
.
Enjoy the roller coaster folks! http://www.youtube.com/watch?v=Cx0Ur7UpLyg
I prefer Wagners 'Rise of the Valkyres"
Adolph Hitler
Sashers,
Serious question;
I notice some people choosing oil as a good place to keep value in Keefers survey.
I just don’t get it..
Can someone explain where in the world new demand for oil may be coming from?
Aside from the obvious that general consumption is declining globally due to the contracting economies, the heating season being almost over, people driving less and those who are driving are in continusly more efficient vehicles.
Not a single country is creating power generators that run on fossil fuel.
Alternative home heating systems from pellets to geo thermal and solar are booming.
Newer oil burners consume approx. 40% less fuel.
Every single auto manufacturer is in the red, the only thing selling are the Hybrid types.
The Obama direction is definitely leaning greener.
Consumption of bi-products such as plastic are being reduced in every area, people are using way less plastic from shopping bags to vinyl siding, fast food wrappers are mostly paper now, am looking at a drinking water bottle and it says it is made with 30% less plastic.
Materials in things like road pavement are increasingly adding recycled materials like old tires.
Just look around you from mall parking lots, to home appliances.
Everything, everything is moving towards LESS fossil fuel consumption.
So how in the world can Oil prices go up when inventory is building like crazy, technology to discover and pump more oil is super efficient. And demand is dwindling?
Please don’t start with China and India are buying a gezilion cars.. just look at the numbers..
The ship gets propped-up, the shipping company gets bailed-out, the whole economy sinks, and the passengers get rolled with higher fees/taxes?
Sound boat stations....close water tight doors....
.....and don't call me Shirly.
Here's the scene of what happens next:
http://www.youtube.com/watch?v=41WS39KC9rA
Titanic.
So how in the world can Oil prices go up when...
I dunno. Maybe because the poisonous, dangerous, explosive, flammable toxin is just not cool anymore?
Lost Cause said, "Titanic"
F A I L ! ! !
.
The FED’s current zero-interest rate policy will probably cause speculators to issue credit in dollars at vanishing cost by selling federal securities short or by borrowing at low bank rates.
Having received dollars, they can buy other assets with them and create bubbles.
This is exactly what the FED wants to happen.
It will be the yen carry trade revisited.
It will be a dollar carry trade.
It is highly likely that the yen carry trade (having arisen from a zero-interest policy in Japan) that has gone on for years now, has contributed to the current financial market crashes and depression by having supported worldwide financial bubbles.
Hedge funds, investment bankers, and many other investors and speculators have ended up buying overpriced assets using cheap borrowed funds.
And they did this in part in an effort to obtain yields that could no longer be found in ordinary markets that had become overpriced. The FED is now encouraging a repeat performance.
http://www.lewrockwell.com/rozeff/rozeff276.html
I don't know where you live but I still cannot get into my favorite place to eat...some "depression".
OMG! Roddy McDowell is that you. And so young too. Has it really been that long?
fOuRtH TiMe'S tHe ChaRm fOr AIG!
Should you give the rich food stamp so that they can spend 62% of their gross income on a luxury home.
http://www.bizjournals.com/
atlanta/stories/2009/03
/02/focus2.html?b=
1235970000^1786070
In January, a mortgage loan application was slid in front of Greg Janicki, and when he looked at it he knew MetLife Home Loans was going to have trouble doing business with the applicants.
“Sixty-two percent of their gross income would have been required to make the housing payment,” said Janicki, a regional sales leader for MetLife Home Loans. “We turned them down. That was their gross income. They couldn’t afford to eat if they made the monthly payment.”
The couple had good credit, and a loan was still possible. They just needed to find a cheaper house.
Janicki said the applicants declared they would get the loan somewhere else.
“Two or three years ago, sure, they could have walked away from us and gone somewhere else and gotten the loan,” he said. “Today, their chances are not very good.”
Great video. Introduction to the ideas of money and debt. 45 min. takes a few secs to warm up
Money as Debt
Food Stamps for the rich
http://marketplace.publicradio.org
/display/web/2009/02/25/wilkinson
/?refid=0
Tilting homeowner rules seems unfair
Love him or hate him, Rick Santelli's now infamous on-air rant has touched a nerve.
Shouting from the trading floor of the commodities exchange in Chicago, CNBC's Santelli asked: "How many of you people want to pay for your neighbor's mortgage that has an extra bathroom and can't pay their bills?" The traders behind Santelli lustily booed, and I'm sure some viewers watching at home booed along with them.
The Captain proposes a toast to a successful voyage with: "Bottoms Up!"
Over One-Third of Americans Believe Nation in a Depression
A new poll shows that 37 percent of all Americans, and nearly 50 percent of Democrats, believe the nation's economy is not in a recession, but rather a depression.
http://townhall.com/columnists
/MattTowery/2009/02/26/over_one-
third_of_americans_believe_nation
_in_a_depression
common sense said...
I just don’t get it..
Can someone explain where in the world new demand for oil may be coming from?
Let me see now, we had a global depression starting in 1907, it ended with what became known as "The great war" or "The war to end all wars".
We had a global depression starting 1929, it ended with what became known as "World War 2".
We are now starting with a global depression since the end of 2008, it will end with.....you starting to see a pattern forming here?
It may be possible that The big "O", is jumping a bit too fast at the solve everything-with-socialism solution.
And he's saying it's better than doing NOTHING!
God, I pray for the day that the government does nothing - to "solve" (worsen) the problem they created.
The BIG problem I think Obi-wan-kabama is going to have is, to do anything that resembles the soviet-type-socialism he's been working towards.
There's just too many anti-commies in this country, like it or not. There is very serious hate of anything socialist or communist in this country, I know people that came from that and they won't give-up what they have worked for without a fight, guaranteed.
So, bring it on Commies, Fascists, idiots, I don't have much, but I'll fight for the right to better myself, if there's nothing else in this world worth fighting over, it's to at least, have a chance.
Will Manhattan house price drop below 25%
http://www.nytimes.com/2009/03
/01/realestate/01walk.html?_r=3&
ref=realestate
Given how difficult it has become in recent months to get a mortgage, he said, even buyers at the high end may be concerned about getting financing to complete their deals.
THE real estate market in Manhattan has become so unnerving to buyers that some are forfeiting six-figure deposits rather than close on deals they have made.
Real estate agents representing buyers of at least three other multimillion-dollar properties also report clients who knowingly left deposits of more than $1 million or hundreds of thousands of dollars on the table.
I know what you all are thinking, so I will just go ahead and say it.
I hope to God that I don't end up with Shelly Winters on top of me.
It's morning in America - Reagan and Obama said so.
Every single auto manufacturer is in the red, the only thing selling are the Hybrid types.
Uh, no.
Hybrids have suffered a larger decline across the board than compact standard sedans because their extra cost of acquisition and ownership is far more than the meager fuel savings they provide.
Fuel efficiency is cool again, but it's being done through smaller engines and smaller cars, not Rube Goldberg hybrid engines.
Don't be fooled by the drop in auto sales leading to reduced oil demand. Buyers can't afford a new car or can't get a loan. They are still driving, just in older cars. Exact same thing happened in 80's recessions and the oil consumption went up.
Hey Windfarmer. Your URL didn't work.
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