Let's Celebrate! The worst is behind us!

[Sarge]

Irish and English banks downgraded today.

Here is the potential on the Ambac downgrade,

http://www.bloomberg.com/apps/news?pid=20601087&sid=a_OGKAdCD1FQ&refer=home

Bank of England cut rates 1.5% to 3%. WOW they were estimating a .50 basis point cut.

 

[Sarge]

Germany factory orders tank. They were looking for -2.5% -8% is a big drop.,

http://www.bloomberg.com/apps/news?pid=20601100&sid=a7muvLvHMrtA&refer=germany

 

[LibertyEagle]

Here you go on Broyhill,

http://www.star-telegram.com/business/story/1009764.html

It's not really Broyhill that is going belly-up, it is one of the Texas-based dealers. Broyhill just cut them off, because the dealer was not paying their bills.

 

[Sarge]

Thank you for the correction. I am sorry to the board and Broyhill stores not affected.

 

[Sarge]

China job losses. 150K a day.

http://news.bbc.co.uk/2/hi/asia-pacific/7713594.stm

Not looking for them to be much help to the US with their own problems.

 

[ArchPaul]

No it is not you. I expect it to get worse before it gets better.

Ya so do I..
Thanks for the updates!

 

[Sarge]

You are welcome.

IMF is now lowering their growth estimates for all countries.

CA is having big budget problems. Talking about raising sales tax to the tune of 4.4B.

Unemployment report tomorrow is likely to be ugly.

George Soros talking we should abandon the Constitution. Sad day if they let that happen.

 

[Sarge]

IMF sounds like it is panic mode..

http://www.telegraph.co.uk/finance/...radical-action-to-fight-global-recession.html

 

[Sarge]

Found this on the ticker forum. China less than 0 growth in Oct.,

http://www.chinadaily.com.cn/china/2008-11/06/content_7178546.htm

Not good if that keeps up. Even the IMF has them growing next year.

 

[Sarge]

No matter how bad the unemployment figures tomorrow they are going to get worse.

http://www.courier-journal.com/article/20081106/BUSINESS/81106009/1003

5K job loss and 10 plant closings that will not yet be in the numbers. If GM and Ford announce big job cuts tomorrow, me might meet what ever the number is tomorrow in a few days this month.

 

[John of Des Moines]

Germany factory orders tank. They were looking for -2.5% -8% is a big drop.,

http://www.bloomberg.com/apps/news?pid=20601100&sid=a7muvLvHMrtA&refer=germany

Please don't use "Germany" "orders" and "tank" in the same sentence. It could cause some to crap in their pants. Thanks.

 

[Sarge]

Funny! No pun intended.

This is not funny. 130 stores,

http://www.chron.com/disp/story.mpl/ap/business/6099204.html

 

[Sarge]

A couple of things to watch,

http://www.iiderivatives.com/ArticleLogin.aspx?ArticleID=2042179

This might hit the fan tomorrow,

http://businessmirror.com.ph/index....rivatives-traders-pool-fund&catid=29:shipping

They are saying the second settlement might put some under. One went under already on the first settlement.

 

[Sarge]

Mind boggling. A pulp producer. How many people in the slums of Brazil could have had a new life with this loss,

http://www.bloomberg.com/apps/news?pid=20601086&sid=a3mUUqSeMesI&refer=latin_america

 

[Sarge]

It looks like England and Scotland catching up to us fast,

http://www.bloomberg.com/apps/news?pid=20601102&sid=a33BDPLeLzTY&refer=uk

 

[ArchPaul]

Honeywell shipping out jobs..
http://www.azcentral.com/business/articles/2008/11/07/20081107biz-honeywell1107.html

bankruptcies soar in state...
http://www.azcentral.com/business/articles/2008/11/07/20081107biz-bankruptcy1107.html

 

[Sarge]

Not good on the job losses in AZ. Yup, ship the jobs out of the country. What jobs will be left here soon.

Not good on Ford,

http://www.bloomberg.com/apps/news?pid=20601087&sid=airSexYTwxuY&refer=home

 

[ArchPaul]

Not good on the job losses in AZ.QUOTE]

On a national level..
http://www.cnbc.com/id/27573050

todays job report looks bad, predicting 300,000+
http://www.cnbc.com/id/27584010

 

[Sarge]

-240K job loss. 6.5% unemployment.
Worse then they thought. Not good with more job losses still piling up.

 

[Sarge]

What is wrong with this picture? GM wants a bailout and they are doing this,

http://www.bloomberg.com/apps/news?pid=20601103&sid=aUULJgE6.ly8&refer=news