Main St will be kept alive by underground meth labs as it has been since 1994.
― i am the small cat (HI DERE), Monday, 29 September 2008 17:10 (fifteen years ago) link
I'm receiving spam e-mails today encouraging me to open high-interest savings account with credit card companies. How sound are the various credit card companies?
― Maria :D, Monday, 29 September 2008 17:12 (fifteen years ago) link
stop opening your spam.
― TOMBOT, Monday, 29 September 2008 17:16 (fifteen years ago) link
Will the size of your m4nh00d keep up with inflation?
― Kerm, Monday, 29 September 2008 17:19 (fifteen years ago) link
Yeah I don't usually open spam. I'm not going to act on it, but it does seem telling. They're usually trying to get us to spend, now they want us to save.
― Maria :D, Monday, 29 September 2008 17:23 (fifteen years ago) link
no, they want you to inject your hard-earned capital into a murky pool which will be used to shore up stupid risks they've been taking. it's only "high interest" if other people pay off their credit cards. How's that bet sound to you?
― TOMBOT, Monday, 29 September 2008 17:25 (fifteen years ago) link
Do you see any other currencies as safer havens than the dollar? What is your opinion on yen right now (given implications of unwound carry trade)
What are you investing in once you convert to other currencies? Otherwise the question is meaningless.
In any case there has been a massive contraction in the money supply which ought to deflationary, bailout notwithstanding.
― Christopher Blix Hammer (Ed), Monday, 29 September 2008 17:31 (fifteen years ago) link
me:also i like imaginingg the sound effect of this graphme:http://www.google.com/pfetch/dchart?s=DJIme:PEEEEEEEEEEEEEEEEEEEoooooooooowwwwwwwwwwwblonkaboonkachoooooonkablinkeeblinkblinkblinkblinkbbloooongeee
― BIG HOOS, leviathan of steendriving (BIG HOOS aka the steendriver), Monday, 29 September 2008 17:38 (fifteen years ago) link
vote is apparently out of time with 189 aye and 214 no, but counts are still going up. I know nowt about Congress's voting system, btw.
― stet, Monday, 29 September 2008 17:45 (fifteen years ago) link
The jury is still out on how much money has been destroyed by asset devaluation (both houses and mortgage-backed bonds), but, yes, this does equate to a big contraction in the money supply.
However, there are trillions of dollars held outside the USA, and only a moderate amount of them are invested in USA real estate or mortgage-backed bonds. No matter whether there is deflation or inflation, I expect to see a big mass of those offshore dollars repatriated in the form of overseas corporations buying US corporations.
My own company was recently bought by a UK/Canadian company. It is the next wave.
― Aimless, Monday, 29 September 2008 17:48 (fifteen years ago) link
Dow tanking
― stet, Monday, 29 September 2008 17:49 (fifteen years ago) link
http://i34.tinypic.com/atueco.png
weeeeeeeeeeeeeeeeee
― Kerm, Monday, 29 September 2008 17:49 (fifteen years ago) link
http://images.bloomberg.com/r06/homepage/HP_INDU.png
― Christopher Blix Hammer (Ed), Monday, 29 September 2008 17:50 (fifteen years ago) link
it was down 670 about 2 minutes ago
― iiiijjjj, Monday, 29 September 2008 17:51 (fifteen years ago) link
Small rally from traders brings Dow up a bit
― Gukbe, Monday, 29 September 2008 17:52 (fifteen years ago) link
which is better buy GOOG or APPL
― Kramkoob (Catsupppppppppppppp dude 茄蕃), Monday, 29 September 2008 17:52 (fifteen years ago) link
206 Aye to 207 nay
― Christopher Blix Hammer (Ed), Monday, 29 September 2008 17:52 (fifteen years ago) link
690 a few minutes ago and now around 490
― Gukbe, Monday, 29 September 2008 17:53 (fifteen years ago) link
sorry 227 nay
― Christopher Blix Hammer (Ed), Monday, 29 September 2008 17:53 (fifteen years ago) link
Thanks to the economic downturn that happened earlier this year, I have little in the bank anyways, so a collapse of banking systems would be less of a personal crisis for me.
I like how after years of being lied to by our government, we're in this position where we are like "Oh yeah, give them $700B dollars!" cos we somehow believe them. I don't.
Burn baby burn!
― Adam Bruneau, Monday, 29 September 2008 17:54 (fifteen years ago) link
I also like saying that, "seven hundred billion dollars". It's like some ridiculous number you would make up in middle school.
― Adam Bruneau, Monday, 29 September 2008 17:55 (fifteen years ago) link
http://i36.tinypic.com/117te80.jpg
― Kerm, Monday, 29 September 2008 17:56 (fifteen years ago) link
reps are trying to convince the nays to change their vote.
― Gukbe, Monday, 29 September 2008 17:56 (fifteen years ago) link
One must always say 'billion' in a richly fruity Carl Sagan voice.
― Aimless, Monday, 29 September 2008 17:57 (fifteen years ago) link
The big bailout package is going down in the House, eh? I had better tune in CSPAN and get my share of gooseflesh over this.
― Aimless, Monday, 29 September 2008 17:58 (fifteen years ago) link
Convenient if it does go down for Obama and McCain -- then they don't have to vote on it.
― Ned Raggett, Monday, 29 September 2008 17:59 (fifteen years ago) link
at least a trillion
― Dandy Don Weiner, Monday, 29 September 2008 18:01 (fifteen years ago) link
I am sitting in the green room at CNN's DC bureau and shit is pretty crazy right now
― I DIED, Monday, 29 September 2008 18:04 (fifteen years ago) link
http://freespeech.vo.llnwd.net/o25/pub/pp/images/september2008/290908criminals.jpg
― Kramkoob (Catsupppppppppppppp dude 茄蕃), Monday, 29 September 2008 18:06 (fifteen years ago) link
205-228
― Christopher Blix Hammer (Ed), Monday, 29 September 2008 18:07 (fifteen years ago) link
The finagling for more Ayes meant they lost one???
― Gukbe, Monday, 29 September 2008 18:08 (fifteen years ago) link
http://www.cnn.com/US/9707/12/blackout/daily.news.lg.jpg
― Every Day Jimmy Mod Is Hustlin' (Jimmy The Mod Awaits The Return Of His Beloved), Monday, 29 September 2008 18:08 (fifteen years ago) link
LOL at Dow down 12
― Christopher Blix Hammer (Ed), Monday, 29 September 2008 18:10 (fifteen years ago) link
CONGRESS WILL NOT EAT IT
― Le Bateau Ivre, Monday, 29 September 2008 18:11 (fifteen years ago) link
clerk.house.gov is down
― goole, Monday, 29 September 2008 18:20 (fifteen years ago) link
cnn: The measure needs 218 votes for passage. Democrats voted 141 to 94 in favor of the plan, while Republicans voted 65 to 133 against. That left the measure with 206 votes for and 227 against.
― goole, Monday, 29 September 2008 18:21 (fifteen years ago) link
So is this Republican uproar because many members of Congress don't want to be punished, being 'accused' of being Bush-followers? They want to keep their seat, no?
― Le Bateau Ivre, Monday, 29 September 2008 18:25 (fifteen years ago) link
being punished on election day that is
The House debate was heated and, occasionally, emotional up to the last minute, as illustrated by the remarks of two California lawmakers.
Representative Darrell Issa, a Republican, said he was “resolute” in his opposition to the measure because it would betray party principles and amount to “a coffin on top of Ronald Reagan’s coffin
― Alfred, Lord Sotosyn, Monday, 29 September 2008 18:26 (fifteen years ago) link
http://i2.cdn.turner.com/cnn/2008/BUSINESS/09/29/us.congress.bailout.deal/nyse.t1wide.jpg
― Le Bateau Ivre, Monday, 29 September 2008 18:26 (fifteen years ago) link
to paraphrase- "this deal failed because all of their side were too partisan"
― darraghmac, Monday, 29 September 2008 18:37 (fifteen years ago) link
wait, "a coffin on top of a coffin"? Really? Someone said that?
― Drew Daniel, Monday, 29 September 2008 18:38 (fifteen years ago) link
was issa in the funeral home game before getting into congress?
― goole, Monday, 29 September 2008 18:39 (fifteen years ago) link
I'm not even sure how to interpret that coffin line, but it's got some poetry.
― Maria, Monday, 29 September 2008 18:40 (fifteen years ago) link
Issa's...a character. (He's the guy who pushed for the Gray Davis recall in California in the hopes of being the candidate -- and then Arnold announced.)
― Ned Raggett, Monday, 29 September 2008 18:40 (fifteen years ago) link
The economy may tank because some Republicans don't want funeral industry lobbyists to funnel pork into the form of coffins on top of Reagan's coffin, see.
― Alfred, Lord Sotosyn, Monday, 29 September 2008 18:41 (fifteen years ago) link
http://www.nydailynews.com/news/2008/04/03/2008-04-03_gop_rep_darrell_issa_under_fire_from_eve.html
― gabbneb, Monday, 29 September 2008 18:42 (fifteen years ago) link
Even the name Issa is very Jar Jar Binks.
― Nicole, Monday, 29 September 2008 18:44 (fifteen years ago) link
obama win speech
― darraghmac, Monday, 29 September 2008 18:50 (fifteen years ago) link
Eric Canton (GOP) a while ago on CNN: "It's all Nancy Pelosi's fault!"
This fucking guy.
― Le Bateau Ivre, Monday, 29 September 2008 19:06 (fifteen years ago) link