Rolling US Economy Into The Shitbin Thread

Citibank goes 'oops'

citygroup's been around (in some form) for 195 years?!?!

i am so happy citi is putting my credit card finance charges to good use. way to go guys.

us ilxors are all in the wrong lines of work!

"i made you a pension but i losed it"

the connection between car part thefts and the commodity bubble

from the linked article:

Handfield says a tightening economy may be spurring the spike in metal thefts. He says Irvine police recently arrested a man stealing metals from construction sites. He was a mortgage banker using his luxury Lexus SUV to haul the loot, Handfield says.

!!!

Where does a thief even go to sell their ill-gotten scraps of metal?

Recycling yards. No questions asked, for the most part.

http://calculatedrisk.blogspot.com/2008/01/ny-times-education-of-ben-bernanke.html

we gonna die

we gonna die

-- Jimmy The Mod Awaits The Return Of His Beloved, Sunday, 13 January 2008 17:19 (4 days ago)

At least you are consistent in your approach.

http://img2.timeinc.net/ew/dynamic/imgs/040713/165732__robocop_l.jpg

BLAMMO

Well, tomorrow I sell my mutual fund. It made me 80% last year and is now tanking like a barrel full of tanked monkeys.

ILX follow my lead!

i'm too wet behind the ear in that dept - i have to ride this bitch out.

economy is better than ever

took a $400+ bath on the 401k this quarter... will be moving to under-the-mattress option later today.

i'm starting to think a savings account is a better investment than either a mutual fund or a house

savings in which currency?

good point

my savings account pays about half of inflation

http://img.photobucket.com/albums/v134/tracerhand/squeezethatmoneybrother.jpg

In the current climate there is no safe haven for your money.

The safest investments will be those which have immediate practical value to you personally: tools, practical clothes and shoes, acquiring a valuable skill - that sort of thing. The perfecta would be a tool that you would use for yourself, is not common, and could conceivably be turned into a small side business to earn a few bucks.

The riskiest will be those where you have no firsthand knowledge or experience, the "Argentinian Railway Bonds are a sure bet" or "the Thai auto industry is going to be the next big thing" kind of investment.

The best investment of all is yourself. Skills

Sometimes a skill is rather forlorn without the tools to make it go.

an interesting chart from our friends at calculated risk:

http://bp1.blogger.com/_pMscxxELHEg/R5TbFlX1msI/AAAAAAAABfk/WCQnqA1I_5A/s1600/SP500MonthlyCloseChange.jpg

and for the REALLY antsy ILXors, the same chart from the Great Depression through today:

http://bp0.blogger.com/_pMscxxELHEg/R5TrdVX1mtI/AAAAAAAABfs/vqPdabZ5Or4/s1600/DOWCloseMax.jpg

blogspot do not allow hotlinking bro

SQUEEZE THAT MONEY BRO

bernanke needs to start saying bro

blogspot do not allow hotlinking bro

my bad!

Bear Markets and Recessions -- check out the charts.

at any rate, tomorrow (1/22/08) may be very interesting indeed.

or, if y'all prefer, a visual representation:

http://img71.photobucket.com/albums/v216/spinnerau1/Snopes/Wet_roller_coaster.jpg

b/c this threads needs some MORE indices to watch plummet in real time:

http://chart.finance.yahoo.com/c/0b/_/_n225

http://chart.finance.yahoo.com/c/0b/_/_hsi

http://chart.finance.yahoo.com/c/0b/_/_ftse

I love the existence of "stock market futures" -- I think we should start a stock futures futures market so we can get even further ahead of the curve

mo' futures index porn:

http://ichart.finance.yahoo.com/instrument/1.0/%5EFTSE/chart;range=1d/image;size=239x110

http://ichart.finance.yahoo.com/instrument/1.0/%5EGDAXI/chart;range=1d/image;size=239x110

http://ichart.finance.yahoo.com/instrument/1.0/%5EFCHI/chart;range=1d/image;size=239x110

I think we should start a stock futures futures market so we can get even further ahead of the curve

until eventually the market foresees its own death and goes on a long drinking binge.

stock market futures futures is called "the stock market"

everyone should strike and invest in paint

emergency rate cut?

Invest in pumpkins now and cash up big in...October?

Gosh:

http://www.nytimes.com/aponline/business/AP-Fed-Interest-Rates.html?hp

ok thats INSANE. everyone to the bunkers

man the lifeboats!

here they come!

http://img62.imageshack.us/img62/853/VRWCBlackHelicopters.jpg

emergency rate cut?

-- laxalt, Tuesday, January 22, 2008 9:33 AM (4 hours ago) Bookmark Link

damn, son.

Alright! Here comes the "petroeuro," £1=$3, massive inflation.

stock market futures futures is called "the stock market"

so it's futures all the way down!

no wonder we're fucked!

the fed reminds me of bubbles from 'the wire' right now.

By June, Bush's $500 tax rebate will only buy a pack of 'ports and 40 oz of St Ides