Let's Celebrate! The worst is behind us!

Up 3.2 percent. WOW. I thought people were trying to pay down debt.

http://wbztv.com/consumer/credit.card.crisis.2.859572.html

2Trillion plus and climbing.

Oct., Nov. and Dec. will likely be worse as more loose jobs.

I wonder what percent of the total number is behind on payments. 7. 10 or higher percent.

When this blows don't look to me for help with more bailouts. Waving a white flag.
 
I can't even begin to list all the job cuts and lay offs popping up by the minute, in the news.

From MGM cutting more jobs, Candle maker cutting 90, Circuit City cutting even more then first announced. 700 Honeywell. MPC filing for bankruptcy.

Air Lingus to cut 1,500 jobs. Hartford Ins. to cut 500. The sad part is most will not just be lay offs.

At the rate it is going, the number next month could well be worse then Oct. We still have a lot of days left in Nov.
 
Last edited:
Oh Boy,

"Germany's biggest regional bank LBBW has one billion euros (1.28 billion dollars) tied up in Iceland, which has been brought to the edge of bankruptcy by the global financial crisis, the daily Suddeutsche Zeitung reported Saturday.

The paper quoted "financial sources" and said the bank refused to comment on the report."

I bet they didn't want to comment. Ouch!
 
Not looking good for DHL employees Monday if this is correct.,

"According to the FAZ, "40,000 jobs are under threat in the United States," of which "20,000 are directly linked to Deutsche Post and as many again to the US partners."

The paper said that within the group there was talk of a "bloodbath".

Suppose to announce on Monday.
 
Sarge said:
The title to the bridge might be a little fuzzy like the assets the US is buying.

Take a look at the tank in numbers just released.

WASHINGTON (MarketWatch) - U.S. and foreign businesses sharply cut back their demand for capital equipment for the second straight month in September, the Commerce Department reported Tuesday. Factory orders fell 2.5% in September, much weaker than the 0.2% fall expected by economists surveyed by MarketWatch. Factory orders had fallen 4.3% in August, the biggest drop in almost two years. Orders for durable goods increased a revised 0.9% in September, up slightly from 0.8% estimated a week ago. But this gain was swamped by a 5.5% drop in orders for nondurable goods. Core capital equipment orders fell 1.5% in September after falling 2.3% in August.
Click to expand...

It's much worst... All these numbers are diluted by big government! Government spending skyrocketed, government hiring increased, government purchasing increased. Hell, this zionist clown stated the Q3 numbers for GDP would of been positive if it wasn't for the hurricanes and refinery closure.

That's the kinda of lies and manipulation out of government that's fooling the people.

Now they're talking about a stimulus II spending package of between $500-$600 BILLION! Of course that will be added to the GDP!

Well if this is their propaganda, then why not just spend $10 TRILLION and say the economy is growing and booming! :rolleyes:
 
Nortel cuts 1,300 jobs

DHL cuts 9,500 jobs

Circuit City files for bankruptcy this am.

AIG gets another bail out.

China does a bailout

Waiting to hear on the Bulk Dry Index settlements

Market will likely go up on all this good news.
 
Sarge said:
Nortel cuts 1,300 jobs

DHL cuts 9,500 jobs

Circuit City files for bankruptcy this am.

AIG gets another bail out.

China does a bailout

Waiting to hear on the Bulk Dry Index settlements

Market will likely go up on all this good news.
Click to expand...
And it is! +141 as of this moment.
 
-11 Now.

If this is all the market could do, with all the great bailout news, watch out for the close.

Interesting they have not released the freight derivatives market settlement yet.

Bet they do it after the market close. If they do, it is likely to be very ugly. It was the last tranche to settle on Friday that they were worried the most about.
 
This might be a clue,

"Significant defaults in the physical and paper market are expected to emerge from traders and operators of the global fleet of nearly 7,000 bulk carriers. Many wrongly bet that bulk carrier rates would rise in the fourth quarter on the back of a post-Olympics, Chinese-led boost in demand for iron ore, the mainstay of dry bulk trade."

They are calling a short notice meeting for shippers and made the above comment.
 
Sarge said:
-11 Now.

If this is all the market could do, with all the great bailout news, watch out for the close.

Interesting they have not released the freight derivatives market settlement yet.

Bet they do it after the market close. If they do, it is likely to be very ugly. It was the last tranche to settle on Friday that they were worried the most about.
Click to expand...

Well, do we all do the usual, buy at 1:45 EST and sell at 3:00 EST... lets see what the PPT hour bump is today.

Just like COSTCO for example... up 4% year over earnings... considering a conservative 7% inflation.

Sales and Earnings Down... ALL the NUMBERS celebrated by the corporations and reporting hacks (CNBC/Bloomberg/FOX BIZ/etc)... NEVER account for inflation
 
The initial rise is sure long since gone. It only has an hour left to trip the circuit breakers...
 
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