December is upon us, a time where Americans buy, eat, drink, travel and celebrate. Most stores and retail chains depend on this month to make the year.
This will be Santa Claus' stingiest year in a long, long time.
This will then cause lots of businesses you know to fail.
It will get ugly.
15% unemployment by February.
During this time, The Bailout doesn't seem to be working very well. Banks are taking money from TARP and borrowing money from the Fed at the same time. They are still hording the cash and 'investing it' instead of loaning it to people.
Insurance companies and Auto companies are lining up for TARP assistance while their Cash from the Register is burning up at unexplained rates.
The Credit Card companies have done the same thing that Mortgage companies have done, seperated the debt from the credit cards and lump it into securities holding $1 trillion dollars of American Credit Card holder debt.
So the Credit Card debt will fail along the same routes, and people who charged up to 32% interest will need to borrow billions from us for 5%.
We get money from the Fed at 4.5%
Posts: 262 | Registered: Oct 2008
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posted
When it turns out you're very wrong, is there any chance you'll pipe down and/or (hopefully and) go away?
Posts: 17164 | Registered: Jun 2001
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Do you read the newspapers? Do you follow the data? Do you watch the economic indicators? Do you have information contrary to mine? What makes you feel we've bottom'd out or it's gonna be ok soon?
I read The Wallstreet Journal, The Dallas Morning News, and USA TODAY this morning. Not a single thing pointed towards good news or an even average holiday spending season.
My prediction is a favor to you. Batton Down the Hatches, it is going to get very ugly in the economy.
Posts: 262 | Registered: Oct 2008
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posted
Yeah, I can't see that happening. The potential for a weak Christmas doesn't automatically cause 15% unemployment. I read The Lion, the Witch, and the Wardrobe without seeing anything pointing toward the lion being Jesus. I was seven. Grow up.
Posts: 959 | Registered: Oct 2005
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quote:Originally posted by Kwea: Reading and comprehending are obviously two different things, Thor.
I do agree this will be a weak Christmas.
90% of my economic predictions have been correct. I've been talking about the coming economic troubles for 6 years, I predicted the Meltdown we are in two years ago, and I told all my stock owning people to 'sell, sell, sell' before this Summer, and I told friends to buy EZCORP stock, the #1 Pawn Shop Chain in America, in September.
There is evidence that I can be an overbearing jerk sometimes, but to say that "I obviously can't comprehend the economic situation" is an odd definition.
On the Record, I was warning of this years before the President of the United States or the CEO's of the Major Banks that failed.
I invite all Americans to study, learn and investigate EVERYTHING that has caused this crisis and to learn more about what we can do to avoid it.
In the last 8 years, these Corporations, Banks and Insurance Companies have figured out to maximize Executive pay, perks and benefits, while minimizing their risk, knowing the Tax Paying public would have to bail them out, leaving almost no 'criminal' trail of their misdeeds.
It is a very large, very complex inflation scheme. Countries like China who stayed away for Toxic Mortgage Securities and Debt Funds, are in much better shape financially than those Countries who Believed Debt is a Good Currency to sell and buy.
We as a country have done nothing to identify or solve what is causing the trouble and our Government and the Federal Reserve are trying to solve the Credit Problem by Lending More Credit.
"In recent years, banks have sharply raised interest rates and penalty fees on credit cards. A key driver behind this trend: Securitization. From 2003 to 2007, seven of the largest issuers of credit cards packaged an increasing amount of card debt into securities and sold them off to investors, just as banks did with mortgages." - USA Today
They sold the debt, but bundled debt into financial funds, making them no longer responsible for the debt, while maintaining ownership of the fees and interest charges.
Pretty sweet deal.
Which politician EVER okay'd a 32% Interest rate?
We're giving Loans to Banks at 5%, they turn around and charge us 32%?
No Double Taxation?
How about paying the same debt twice, doesn't seem very fair.
It seems odd that people think that Workers and Consumers have the same amount of influence on legislation as Corporations.
If we let the banks and corporations purchase their own laws the market is the oppositte of FREE, they are paying our government to overcharge us and legalize unfair practices.
Posts: 262 | Registered: Oct 2008
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quote:On the Record, I was warning of this years before the President of the United States or the CEO's of the Major Banks that failed.
We've been over this. You predicted the economy would go into the crapper. You didn't predict this. Or if you did, show us where! You're so self-publicizing I have no doubt that if you did, in fact, say that our economic woes would be tied to mortgages, credit, and so on and so forth, you could show us in short order.
I'd be partially satisfied if you showed us where you predicted the economic troubles would be connected to even one of those areas, THOR. You didn't predict this, and your prediction was certainly not hinged on any deep understanding of the intricacies involved in the American economy, but rather your politics.
I've never read anything you've written that leads me to think you've got a deep understanding of anything.Posts: 17164 | Registered: Jun 2001
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quote:Originally posted by Kwea: [qb] Reading and comprehending are obviously two different things, Thor.
I do agree this will be a weak Christmas.
90% of my economic predictions have been correct. I've been talking about the coming economic troubles for 6 years, I predicted the Meltdown we are in two years ago, and I told all my stock owning people to 'sell, sell, sell' before this Summer, and I told friends to buy EZCORP stock, the #1 Pawn Shop Chain in America, in September.
There is evidence that I can be an overbearing jerk sometimes, but to say that "I obviously can't comprehend the economic situation" is an odd definition.
O
Bullshit. It's isn't hard to be right if you play chicken little all th time, but no one, especially you, is right about these things 90% of the time.
You can barely write a coherant sentance, b ut claim to have been offered hundreds of thousands of dollars for a screenplay that doesn't exist. You claim to have turned it down; saying you had accepted it would make people wonder why you didn't have cash, and why you didn't have a movie.
Or even a manuscript.
But we are suppose to believe you when you say you can fix our problems, because you predicted exactly what happened years ago? You can't even be honest (probably not even to yourself) about a your own past, for Christ's sake.
Bullshit. I wouldn't trust you with a nickel, let alone with something that could potentially cost billions and billions of dollars.
You are an armchair quarterback, and a particularly ineffective one at that.
How much of YOU OWN money did you invest in that stock, Thor? Even if you DID predict it (which I doubt), that wouldn't mean a thing. People who bought Microsoft weren't geniuses, mostly, they just had a good nose for the future. That doesn't mean they know a damn thing about the financial structure of our country.
Once again, I call bullshit.
Posts: 15082 | Registered: Jul 2001
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Upon reflection, I do not know what to think of unicorn feelings driving hatrack to the use of the word shit!
Not that I mean that I care about swear words! They are very helpful. I am just wondering if we're reaching some sort of sucky UF post singularity and if the first open statement of 'bullshit' represents an event horizon.
posted
My back kinda hurts these days; it's not serious, but it is annoying, and it does make me sad. Worse, I've lost all my favorite clicky pencils despite buying 10 of them before college started this year. Thankfully, I bummed one off a kid today, but I bet I'll lose that one too, before long.
I like the song Viva la Vida by Coldplay...today they had chowder soup for lunch, and I forced myself to eat a little as I've been feeling kinda hungry at night lately.
Posts: 3060 | Registered: Nov 2003
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"The dismal report on retail sales was worse than the 2 percent decline that analysts expected."
...but were right on par with what I predicted. Weird eh?
I pwn paid analysts, unless of course, you have a formula where the equation multiplies my predictions with 0.
Posts: 262 | Registered: Oct 2008
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They have a moral obligation to hate. If you call them on it, you get accused of 'throwing them to the lion's den'.
Posts: 262 | Registered: Oct 2008
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Is it hard to get into idiot school? Because, like, I heard you needed a douchebag score over 1200 to even think about applying. But I have all this experience doing dumb stuff, so I figure I can get in on the lack of strength in my essay.
Considering you got your PHD from them, I'm just wondering how challenging it was to fail all the exams, and choose which courses would be least helpful for your lack of a career.
Posts: 9912 | Registered: Nov 2005
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Dude, don't make me ashamed of half-heartedly defending you. You know you're pushing buttons; that's the whole point of the UF persona, after all. So don't act like you've won some little moral victory when people give you what you're asking for; you aren't proving any point by laying flares around the lowest denominator.
Posts: 37449 | Registered: May 1999
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