Rolling US Economy Into The Shitbin Thread

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

http://i12.photobucket.com/albums/a228/mortaljive/Extra%20Images/normal_dr_strangelove.jpg

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

you know what fucking kills me is that in every article about a major dip or crash in the stock market, you get reax from various analysts who say things like "well it looks like the fed finally gets it!" or "some feel the fed has been slow to wake up to the deterioration in the stock market" or "brananke has finally decided to stop the bleeding".. as if the panicky traders who have bet long on endless leveraged growth are the smart cookies and the fed is some dopey retarded cousin. you play with matches for a living, you shouldn't insult firefighters.

haha "brananke"

otm tracer

not that i think the fed even knows what it's fighting at this point, or whether there's a fire, or whether their extinguisher is filled with gasoline or what

but yeah the fed doesn't remind of me of bubbles so much as all the "analysts" and traders whose eyes are red and raw from lack of the gushing credit flows and leveraged whatnots to which they've become accustomed; just an extra little drop into the syringe and they're like "AAAAHHHHHH.... the fed gets it"

meanwhile the national debt grows and mean incomes continue to stagnate

http://www.philosophising.com/dogpress/images/hair.of.dog.jpg

i mean, these dudes really are the top-hatted robber barons of old, playing with trillions of dollars that no one else ever sees and putting the entire world's economies at risk - and somehow it's the fed's fault when they get a hangover - somehow the taxpayer is supposed to offer them even cheaper terms on their loans than they've been used to

we're in new territory here

http://media.npr.org/programs/atc/features/2007/aug/panic_cover200.jpg

Bonus points to whoever finds the first bad political cartoon about all this that features the Cloverfield monster stomping down Wall Street with the word "RECESSION" on its chest.

found on a goldbug blog:

Problems Bernanke Faces

* Falling real estate prices
* Subprime housing mess
* Alt-A mortgage mess
* Pay Option ARM mess
* Sharply rising unemployment
* Rising credit card defaults
* Commercial Real Estate implosion
* Global wage arbitrage
* Falling US dollar
* Overheating China
* Slowing global economy
* Tapped out consumers
* Implosion of $500 trillion in derivatives
* Solvency issues at banks
* Forced unwind of massive Yen carry trade
* Boomer retirement
* Pension plan assumptions in an economy starving for yield
* Rising corporate defaults

LOOKS LIKE A GOOD TIME TO STAY IN HIGHER ED!

I ain't moving anywhere!

I feel pretty stupid for investing in my 401k (actually a 403). I'd had a lot more fun if I had eaten the taxes and spent the money on booze, records and drugs.

I mean, like I lost a thousand dollars on paper this year I think!

I have just called the local banks to start the process of refinancing my mortgage.

I really don't like being a recent college graduate and reading this.
Although I doubt there's anyone who does, really.

anyone think a stimulus plan is a good idea?

anyone think a stimulus plan is a good idea?

absolutely (that's what keynes was all about, yo) -- the chinese and the bond markets may not like it very much, tho'.

I feel pretty stupid for investing in my 401k (actually a 403). I'd had a lot more fun if I had eaten the taxes and spent the money on booze, records and drugs.

you'll be fine, as long as you keep your job and keep making contributions.

Don't pay attention to your 401k or 403b value for the next X years, just max out the matching contributions. A dollar for dollar match gives an immediate return of 100%, doesn't it? And that doesn't take into account tax advantages, or reinvested dividends, or compounding.

I'm convinced that the next channel for promoting consumption will be loans against the value of the 401k, which will result in old people eating rats in 20 years.

At least this tax refund (is that what GWB wants?) is happening when I'm being taxed enough to GET something.

</short-sighted self interest>

Don't pay attention to your 401k or 403b value for the next X years, just max out the matching contributions. A dollar for dollar match gives an immediate return of 100%, doesn't it? And that doesn't take into account tax advantages, or reinvested dividends, or compounding.

Lol we match double at 5% but I'm also contributing another 5% which isn't matched.

pick funds that have really low operating costs, that way the robots and douchebags losing your money aren't charging you to do so.

im no economist, but it seems to me the economy today is radically different than it was in keynes time

Yes and no, money is still borrowed into existence. everything has changed and yet not that much has changed

thats deep.