bears cause bear markets!!! if only they'd leave us bulls alone!!
― El Tomboto, Wednesday, 4 June 2008 21:16 (fifteen years ago) link
http://pics4.city-data.com/ctrends/ctr15576.png
What do you guys make of Utica's seeming resistance to downward trend?
― Kondratieff, Thursday, 5 June 2008 17:04 (fifteen years ago) link
Everyone's just buying from everyone else. It's a little game they play.
― Ned Raggett, Thursday, 5 June 2008 17:06 (fifteen years ago) link
we gonna die
― Jimmy The Mod Awaits The Return Of His Beloved, Friday, 6 June 2008 18:59 (fifteen years ago) link
Is it just me or do investors have an extra hard time believing the Dow can go below a nice round number like 12000?
― Hurting 2, Wednesday, 18 June 2008 19:54 (fifteen years ago) link
good god, these finance write-downs are going to blow the country up.
― El Tomboto, Wednesday, 18 June 2008 20:01 (fifteen years ago) link
-- Jimmy The Mod Awaits The Return Of His Beloved, Friday, June 6, 2008 2:59 PM (1 week ago) Bookmark Link
― Eisbaer, Wednesday, 18 June 2008 20:03 (fifteen years ago) link
http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=a47LjRtOU3c0 (from April)
Today: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avumSU7sV7hs http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atvukb5100PY
― El Tomboto, Tuesday, 24 June 2008 15:53 (fifteen years ago) link
Nice knowing you, transport industry
From yesterday's House Committee on Energy & Commerce hearing
Mr. Chairman and Members of the sub-committee: My name is Steve Williams and I am the Chairman and CEO of Maverick USA in Little Rock Arkansas. I have also served as a three time chairman of the Arkansas Trucking Association and am a former chairman of the American Trucking Associations. I am on the Executive Committees of the American Transportation Research Institute and the Transportation Research Board of the National Academies of Science. My company, Maverick USA, operates the second largest company-owned flatbed fleet in the United States. We employ nearly 2,000 people and operate more than 1,500 tractors. My company serves the steel, building material and the flat glass industries. In 2007, despite revenues of $300 million we lost money for the first time in our 27 year history. Our fuel bill increased by $12,000,000 between 2006 and 2007, and we were not able to recover this increase due to a weak economy. The national average price of diesel fuel on June 16, 2008, was $4.62 per gallon. If this price remains constant for the rest of this year, our company’s fuel bill will increase from $66,923,000 last year to $114,954,000 this year, a 72% increase in one year. The fuel crisis is having a dramatic effect on the trucking community. Tom Albrecht, an industry analyst with Stephens, Inc., wrote on June 10, 2008, that these fuel prices could force 14 percent to 16 percent of the trucking industry to cease operations. Not only will this further reduce capacity from the market, it will make the used truck market even worse. There are few domestic buyers for used equipment and over the last year we have been forced to wholesale our tractors to Russia and Vietnam.
― El Tomboto, Tuesday, 24 June 2008 15:59 (fifteen years ago) link
the rest is here: http://energycommerce.house.gov/cmte_mtgs/110-oi-hrg.062308.EnergySpec.shtml
― El Tomboto, Tuesday, 24 June 2008 16:02 (fifteen years ago) link
whaddya know, decades of underinvestment in transport infrastructure actually has consequences
― Tracer Hand, Tuesday, 24 June 2008 16:04 (fifteen years ago) link
Energy Speculation: Is Greater Regulation Necessary to Stop Price Manipulation? – Part II
Whoot! for the coming US command economy.
― Ed, Tuesday, 24 June 2008 16:05 (fifteen years ago) link
no no tracer it's all because we didn't drill in ANWR when we should have, and we're letting the chinese drill sideways from cuba to florida to access the massive offshore reserves that nobody's been interested in until last month
― El Tomboto, Tuesday, 24 June 2008 16:07 (fifteen years ago) link
the gop drill drill drill grandstanding is kind of amazing at this point
THEY PUT PEE PEE IN YOUR MIRKSHAKE!
― Hurting 2, Tuesday, 24 June 2008 16:08 (fifteen years ago) link
DRILL G*DDAMN IT, DRILL THE FUCK OUT OF STUFF OR WE ALL GONNA DIE
― Tracer Hand, Tuesday, 24 June 2008 16:09 (fifteen years ago) link
OUTTA MY WAY LITTLE MAN, DADDY'S GOT A DRILL
― Tracer Hand, Tuesday, 24 June 2008 16:10 (fifteen years ago) link
GLAGLGLGLAGALGALGGAHHAGHAGHAAGLGAGL
Spoken like a true descendant of John Henry.
― Ed, Tuesday, 24 June 2008 16:10 (fifteen years ago) link
you know, i think cheny et al really thought iraq was gonna forestall this shit
― Tracer Hand, Tuesday, 24 June 2008 16:11 (fifteen years ago) link
they had the best of intentions
― Tracer Hand, Tuesday, 24 June 2008 16:12 (fifteen years ago) link
The Romans would have handled this better. Conquered nations should be paying tribute, not breaking our budget.
― o. nate, Tuesday, 24 June 2008 16:13 (fifteen years ago) link
Has there been any mention in the media that any new drilling would be sold on the global market rather than just the US market? I know it's just another checkmark in a *very* long 'con' column, but it seems like opponents to drilling would mention it more often.
― petey_carnum, Tuesday, 24 June 2008 17:34 (fifteen years ago) link
― BIG HOOS aka the steendriver, Tuesday, 24 June 2008 17:52 (fifteen years ago) link
apocalypse homie laid out his theory today:
-oil hits $200/barrel by the end of the year -energy prices go up and summer 09 is another long hot summer inna 68 stylee -o gets got, riots -old ppl dieoff in the northeast as energy gets too expensive to handle extremes of summer & winter -us economy tailspins, rest of world follows -http://images.amazon.com/images/P/6305075379.01._SCLZZZZZZZ_.jpg
― BIG HOOS aka the steendriver, Tuesday, 24 June 2008 17:59 (fifteen years ago) link
Hoosteen did you forget you started this "Is It Thunderdome Yet?" A Rolling Looming Apocalypse Thread
― El Tomboto, Tuesday, 24 June 2008 18:12 (fifteen years ago) link
no sir just thought given crackpot homie used some numbers it might loosely fit in here but i forget this is interesting egghead thread not hoos paranoia jpeg thread carry on apologia
― BIG HOOS aka the steendriver, Tuesday, 24 June 2008 18:16 (fifteen years ago) link
it was the use of the mad max graphic that betrayed your true intentions
― El Tomboto, Tuesday, 24 June 2008 18:17 (fifteen years ago) link
yr apocahomie has concatenated two unrelated but plausible events in $200 barrel oil and obama getting offed. but while a few americans might riot, the vast majority would bury the dead, grit their teeth, put their heads down and pull their yokes even harder. no mad max to be found in that scenario.
― Aimless, Tuesday, 24 June 2008 18:23 (fifteen years ago) link
we're talking literal yokes
― Tracer Hand, Tuesday, 24 June 2008 18:27 (fifteen years ago) link
Oxen - The Next Big Investment Opportunity?
― Aimless, Tuesday, 24 June 2008 18:31 (fifteen years ago) link
hot damn, you know what always outperforms in an apocalyptic post-empire economy? indie fucking rock, I'm gonna be rich
― J0hn D., Tuesday, 24 June 2008 19:24 (fifteen years ago) link
As long as you're getting paid in Canadian dollars and Euros, eh.
― Eazy, Tuesday, 24 June 2008 19:24 (fifteen years ago) link
need to call my manager about promoting in "emerging markets"
― El Tomboto, Tuesday, 24 June 2008 19:25 (fifteen years ago) link
I'll eat rats before I'll tour Europe again
― J0hn D., Tuesday, 24 June 2008 19:26 (fifteen years ago) link
or perhaps just set myself up as an expert in building tiger economy fanbases
― El Tomboto, Tuesday, 24 June 2008 19:26 (fifteen years ago) link
oh smack Tom you wanna talk turkey you know how to find me
― J0hn D., Tuesday, 24 June 2008 19:28 (fifteen years ago) link
you'll eat rats and you'll like it
― Hurting 2, Tuesday, 24 June 2008 19:28 (fifteen years ago) link
building tiger economies (by strategy)
― Eisbaer, Tuesday, 24 June 2008 19:39 (fifteen years ago) link
stockpiling Gulden's for when push comes to shove on this rats question
― J0hn D., Tuesday, 24 June 2008 19:40 (fifteen years ago) link
Get a little Bollywood cameo and you'll be set to blow up in India.
― Eazy, Tuesday, 24 June 2008 19:42 (fifteen years ago) link
India is already halfway to an oxen-based economy already! Lucky fuckers.
― Aimless, Tuesday, 24 June 2008 19:51 (fifteen years ago) link
can oxen be used as an alternative to oil
― El Tomboto, Tuesday, 24 June 2008 19:53 (fifteen years ago) link
There's a fortune to be made in the dung alone!
― Aimless, Tuesday, 24 June 2008 19:56 (fifteen years ago) link
it's time to consider all the options
― J0hn D., Tuesday, 24 June 2008 19:59 (fifteen years ago) link
Whale oil is a fuel from another age
the future!!!
― BIG HOOS aka the steendriver, Tuesday, 24 June 2008 20:31 (fifteen years ago) link
i've been reading nothing but economics books lately (the soros book on the credit crisis isn't bad, amateur philosophizing aside), and this firedoglake piece feels so otm to me it's scary: http://firedoglake.com/2008/06/24/a-bright-shining-depression/
― YGS, Wednesday, 25 June 2008 00:02 (fifteen years ago) link
that article is fairly interesting until you get to
But what really needs to be done, which is to bring insolvent firms under government stewardship and either wind them down or reinflate them, goes against everything the past thirty years has stood for. It's just not the sort of thing neoliberals and neoconservatives, with their touchingly childlike faith in "free" markets, believe in, understand or can even seriously consider.
and then you just go "oh right, firedoglake"
― El Tomboto, Wednesday, 25 June 2008 00:07 (fifteen years ago) link
I mean they go from seemingly being critical of bernanke for eating bear stearns because in their world that somehow lets everybody else off the hook to saying in their conclusion that what really needs to be done is to do more or less exactly that with every company that isn't doing well. That's some sneaky communist bullshit.
― El Tomboto, Wednesday, 25 June 2008 00:09 (fifteen years ago) link
link is fucked?
― BIG HOOS aka the steendriver, Wednesday, 25 June 2008 00:13 (fifteen years ago) link