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Thread: Stocks pile on losses amid worries on economy

  1. #61
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    "Its new iteration refers to growing trade links between emerging markets that Citigroup Inc. economists Willem Buiter and Ebrahim Rahbari predict will power an increase in worldwide trade in goods and services to $149 trillion in 2030 from $37 trillion in 2010. They estimate that China will usurp the U.S. as the world’s biggest trader within four years.

    By 2015, they said, commerce between emerging markets will overtake that within advanced economies and by 2030 that between developed and developing nations. The projections may not be met should free trade fail to take hold, Buiter and Rahbari said in a June 22 report."

    Brazil Hits China With Tariffs as Potholes Erode New Silk Road - Bloomberg
    Ahh.. more predictions. I'll pass.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  2. #62
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by TOJ View Post
    Wrong again, sweetie. My situatiion is not dependent on a good USA, EU, or even world economy. In fact, the economy tanking will present some great buying opprtunities.
    Prostitution is still illegal you know.
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  3. #63
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Ockham View Post
    Ahh.. more predictions. I'll pass.
    Not just predictions, if you read the article.

  4. #64
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Red Crow View Post
    TWO FACED NoBAMA WENT TO CHICAGO FOR A FUND RAISER MINGLING WITH THE RICH CORPORATE JET OWNERS, THE SAME PEOPLE WHO HE PUT DOWN AND COMPLAINED ABOUT, WHILE ALL THESE BAD NEWS IS GOING ON. WHAT A LEADER!!!!

    Quit listening to Hannity and the rest of the salesmen and propaganda pushers!!! Do you understand how foolish your statement is?!
    GOD! Im sooooo tired of these lobotomized GOPers spewing utter stupidity in the middle of serious situations!!! Quit being the problem and help this Country! Why? Because I love it. Stop the goofy, meaningless propaganda and complaining!
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

  5. #65
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    We certainly can borrow more money to do another stimulus. Treasury yields are ridiculously low because there is a huge demand for U.S. debt. Borrow more now -- cut more later. It isn't that complicated.
    No more borrowing man. That ship has left..... and sunk. Like Ive said before many times.... this Country needs heros. And those heros are the wealthy. I dont want to sqeeze them like a tube of toothpaste but now its the only way to save what we have. It wont go on for 10 years, but until these fools in congress get their head on properly, the only way is to cut back and the wealthy to give back. Orrrrr..... we destroy automation and make things by hard thus reviving our manufacturing. Oh..... also kick the Illegals out OR not give them a DIME of funded help.
    CORPORATE GREED AND UNION GREED
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    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

  6. #66
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by tessaesque View Post
    Looks like I'll FINALLY be investing soon.
    In what? China?
    CORPORATE GREED AND UNION GREED
    DEMOCRATS AND REPUBLICANS
    DESTROYING THE BEST OF AMERICA ONE DAY AT A TIME

    This is the worst kind of discrimination. The kind against ME! ~ Bender

  7. #67
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by The Giant Noodle View Post
    No more borrowing man. That ship has left..... and sunk. Like Ive said before many times.... this Country needs heros. And those heros are the wealthy. I dont want to sqeeze them like a tube of toothpaste but now its the only way to save what we have. It wont go on for 10 years, but until these fools in congress get their head on properly, the only way is to cut back and the wealthy to give back. Orrrrr..... we destroy automation and make things by hard thus reviving our manufacturing. Oh..... also kick the Illegals out OR not give them a DIME of funded help.
    Absolutely, I agree that top rates have to move up. Hell, ALL rates have to move up. But the top rates go up first. ASAP. But the economy can't wait for the Bush cuts to expire. We need a liquidity injection quick.

  8. #68
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    Yes, as stated, the markets have been falling as a result of the uncertainty over the deal, and now that this horrible deal has been cut, they're falling (in part) as a result of the deal.

    Note: I'm NOT saying that this is the only factor, or even the biggest factor. I agree that the biggest factor in recent days has been increased concern over the Euro zone. A close second is concern over the US economy and that has been serioudly impacted by the debt ceiling fiasco.
    Couple of days ago they were claiming that the markets were falling due to "uncertainty" of the debt deal.

    It's occured to me that right this second, on Fox news, they are probably saying that the market dropped because the spending cuts were too small and because there were no tax cuts. And on MSNBC, they are probably saying that the market dropped because of the spending cuts and because we didn't get tax hikes.

    AND MAYBE THEY ARE BOTH CORRECT!
    Last edited by imagep; 08-04-11 at 09:07 PM.

  9. #69
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    How the heck does CNN know? Their guess ain't no better than my puppy dogs guess. And yes, fido really does follow the market. Just the other day I asked him how the market was and he responded "ruf".

  10. #70
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by tessaesque View Post
    ...we don't have the money to do another stimulus. We've got $14 trillion in debt, we're borrowing over GDP, and half of everything we spend is via borrowing. We cannot afford another $2 trillion or more in money that didn't have much affect the first time it was used.
    Actually, we might be able to quite a large stimulus. Didn't you hear? Congress just authorized another $2 trillion in debt.

    Besides that, the Fed can forgive the Treasury of trillions of dollars worth of debt, any time it wants, at which time it could then poof up some more money and lend it to the treasury again. Or it could just poof up some more money and purchase some vague goverment assets (like "air rights" over federal government property) from the federal government, depositing the proceeds of the sale with the Treasury.

    You know that we are on the brink of total economic devistation when Republican/Libertarian Tea party types who blame everything on the Fed and who want us to go onto the gold standard are recommending such shenanagins: http://thehill.com/blogs/floor-actio...eld-by-the-fed
    Last edited by imagep; 08-04-11 at 09:18 PM.

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