I think one of the biggest mistakes politicians are making right now is not paying attention to the weakening of the dollar.

missioninfation accomplished

Money's so cheap they're practically giving it away.

Get a 500 K mortgage for only 99 dollars a month.

When lenders compete you win.

They've been making stupid mistakes so far. No reason to expect a change.
They have no idea what they are doing. It was excess debt that got us into this mess. So what do they do? They make it as easy as they can to build up your debt portfolio.

It's like throwing a man a bucket of water when he is drowning.

I told you.....VOTE RON PAUL!

Too late.

Oh come on, Ray. Why so down?

Obama's gonna be president soon and we'll all have national health care, free college tuition for life, no interest business loans with no principle payments either. We're gonna have free food, mtv, car insurance and free houses. All the good jobs are gonna come back to American and the OPEC is gonna give us all free gas and home heating fuel.

Come on Ray. Hope man, things are surely gonna change for the better.

And Diesel goes up! $4.25/gallon. Whew, at 6 m.p.g. the trucking industry is in trouble. That's 25.5 miles for $4.25. What a deal.

"And Diesel goes up! $4.25/gallon. Whew, at 6 m.p.g. the trucking industry is in trouble. That's 25.5 miles for $4.25. What a deal.
"

Vern is missing his calculator.

And Diesel goes up! $4.25/gallon. Whew, at 6 m.p.g. the trucking industry is in trouble. That's 25.5 miles for $4.25. What a deal.

Posted by Unclesam at 2008-03-18 07:22 PM


New math, right?

3 months from now.

Get a 750,000 mortgage for only 89 dollars a month.

When lenders compete, you win.

9 months from now.

Get a double cheeseburger for only 890 dollars a month.

Kris

I need another $10 rise in silver to pick me up.

It's just around the corner, Ray.

And Diesel goes up! $4.25/gallon. Whew, at 6 m.p.g. the trucking industry is in trouble. That's 25.5 miles for $4.25. What a deal.
Posted by Unclesam at 2008-03-18 07:22 PM

"New math, right?"

Huh?

You were saying Chris...

SECAUCUS, N.J. (CBS) A new plan in New Jersey aims to provide universal health insurance, but not everyone is on board. "

And this fucking state has one of the worst debts in the country.

Why do I suspect a lot of hangings soon? Self... inflicted... hangings.

Bad move for the value of our dollar in the world market.

New math, right?: Teachers' fault.

""And Diesel goes up! $4.25/gallon. Whew, at 6 m.p.g. the trucking industry is in trouble. That's 25.5 miles for $4.25. What a deal.
"

Vern is missing his calculator.

Posted by Jomama"

Vernon is completely lost. We had a little debate over a year ago about the inherent weakness in the dollar and he laughed at me. I was stating that the dollar was due for imminent collapse and he scoffed at me. Hate to say I told you so but what the hell, it's a Tuesday: I TOLD YOU SO, VERN.

"I TOLD YOU SO, VERN."

Not the first time.

Won't be the last.

Hans

"""And Diesel goes up! $4.25/gallon. Whew, at 6 m.p.g. the trucking industry is in trouble. That's 25.5 miles for $4.25. What a deal."

But let's see here....we fire all the drivers who make 35000+ and replace them with illegal Mexican workers who have driver's licenses though. If one state issues them then just get all the licenses there. That way we can save enough on labor so we can buy our fuel. Yeah, we can still do the same job we are now, we just need some streamlining.
OK, meeting adjourned
Hey, lucky thing George got us that program to bring in our Mexican trucks too, we don't even need to fire nobody there, they already work for nothing.

I love the smell of stagflation in the morning.

As the rest of the world slowly prices commodities out of our reach due to our piss-poor monetary policy and deregulation, we'll slowly descend into a third-world state.

I mean really, what does the rest of the world get for their natural resources besides bombs, guns, and out-of-control financial pyramid schemes that merely create the illusion of wealth?

The big, nasty, long-overdue correction is finally upon us.

Fact is, the people suffering from the "credit crisis" deserve what they are getting, and the fed is only prolonging the hurt that will inevitably come. By lowering rates this drastically, they simply invite even more inflation, which will increase the price of everything (and consequently the need to borrow money). It's a cycle that the fed (and Congress) would do better to stay out of.

"the fed is only prolonging the hurt that will inevitably come. "

You are dead-on right.

Question is, how do we profit from what's happening?

If by "we" you mean "people who have money to invest," I'd say put your money in commodities, or buy real estate from some poor schlub who just lost everything and is willing to take a rock-bottom offer.

I know! I know! Let's declare tree leaves to be money! Then we can, if needs be, burn down the forests to cure inflation.

Restaurant at the end of the universe.

Excellent catch, Alexandrite. I always like it when someone gets references. It indicates a level of literacy. Douglas Adams is one of the saints in my pantheon.

The movie kinda sucked I'm sorry to say.

Original BBC series was good, though. They stopped at the 2nd book for some reason.

I've read all 5, but didn't enjoy the last one, "mostly harmless".

I dislike series that end on a sour note after 3 or more books. Just my personal preference I suppose. A writer getting that much time and emotion investment from the reader shouldn't kick them in the nuts on the last page of the final book.

I think one of the biggest mistakes politicians are making right now is not paying attention to the weakening of the dollar.

Agreed. This is bad mojo being thrown around now and will only exacerbate the inflationary pressures being now manifested in rising energy and food prices.

As food and energy increase in price faster than wage growth they will drive the economy deeper into a recession.

Of course the politicos are thowing money at the problem in a desperate attempt to hold onto power in an election year.

Easy way to fix the dollar weakness, tremendously boost the economy & at the same time, fully fund alternative energy research.

The solution ..... stop sending $500,000,000,000.00 (yes, thats $500B boys & girls) overseas every yr to purchase oil from other countries & drill for it HERE. The $500B stays in the U.S. economy & the Fed would get an extra $75B-$125B every single yr in Fed Taxes added to it's books, EVERY YR. Take 1/2 or 3/4 of those extra taxes & fund the hell out of REAL alternative energy technology.

From an economic standpoint, keeping that $500B domestic would be a HUGE economic boost. It would also bring down inflation & boost the value of the dollar. & lastly, alternative energy, REAL alternatives will not happen quickly, it's going to take 10, 20 maybe even 30 yrs, but it need s to be fully FUNDED.

For the enviro-nuts who oppose such a plan I point towards those same groups & people who were so opposed to nuclear power in the 70's & 80's .... can't build nuke plants ... today those same people SCREAM for nuclear power technology rather than coal or gas power plants. Also, in the mist of an oil BOOM price wise, the U.S. is being held hostage by a few screamers. Hell, I'd even be OK is the Govn't 'nationalized' any new drilling, anything to keep the revenues HERE. $500B/yr is not chump change. We need to wake up & face the reality of the situation rather than trying to live in Utopia of what 'should be'.

Hey, at least they are sending us each $600 so we'll be able to buy a tank of gas. Be grateful for crumbs.

I need another $10 rise in silver to pick me up.

Posted by Ray
* * * *

Not gonna happen today. Nor anytime soon.

Well . .um. . the first thing we need to do is rearange these deck chairs. Hey, how about a bridge tournament on the prominade deck. And have the band play "Happy Days Are Here Again." Ronnie and Nancy always liked that song.

The Supply Side Gang

Cutting interest rates isn't the answer. It's like putting a band-aid on a gunshot wound. Nor was the stimulus package a great idea for that matter. The answer, In my opinion, is for our federal government to stop throwing our tax dollars at useless programs. Get us out of the middle east, stop throwing money at the so called "war on drugs", Stop wasting money on corporate welfare, and stop wasting time and money on bullshit like the Roger Clemens baseball scandal among other things. And also, stop borrowing money from China. Put the money back in the pockets of American citizens and let them decide how money needs to be spent in our nation.

It's the biggest no brainer in the history of earth!

The FED is now in a box. It continues to lower the interest rates and the market rebounds for a day or two and then falls like a rock, as witnessed by last week and this week. Banks ARE NOT lending money to those whose loans are not secured by something that is of value and CNBC finally admitted the banks are not decreasing mortgage rates even thought the interest rates have been lowered to 2.25%.

The stimulus money will simply go to paying off old debts and very little NEW spending will take place therefore invalidating the hoped effect of that.

Bottom line is, the dollar keeps falling in value which makes goods and services more expensive. Gas too. And, gold and other precious metals continue to increase in value. Many people are simply in cash right now and not investing. (Myself included unless it is crude oil or precious metals.)Other commodities are selling for more and more as evidenced by the price of a bushel of red winter wheat selling for $25 per bushel just last week.

When the taxes are increased I suspect things will get worse because now the dollars people MIGHT have used to purchase diesel fuel which is not $4.00 per gallon, or other durable goods will have to go to pay for the useless spending good old UNCLE SAM has deemed necessary, especially those precious pork barrel items such as bridges to nowhere and buildings to nowhere. Or studies as to why the red bird screws only after dark.

I may be wrong here folks but I really believe we should pull up our pants legs and bend over, preparing ourselves for the BIG one that is still to smack us in the ass. This is not over yet believe me. How many more Bear Stearnes businesses have to go under before the real value of the house is reached. Some say we still have another 6 to 9 months to go and a whole lot say housing will have to drop another 25% or more before the real true value is reached. (Pity me. I have had my house on the market for $80,000 and as of now it is valued at a tad over $50,000.) See the problem???

So, the FED decreasing interest rates has basically done nothing for the little person. AND, I am already bending over, preparing myself for the big ram to come from behind.