Obama Recession: Day 1460
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2fisted



Joined: 22 Sep 2003
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PostPosted: Thu Nov 06, 2008 7:22 am    Post subject: Obama Recession: Day 1460 Reply with quote

Or day 233, depending how you see it. It is interesting (but not suprising) to see how investors react to a Community Organiser taking the riegns in weeks. SEll Sell Sell! Wow, worst post election economic reaction in history.

Where is the Hope?! We need more Obama Platitudes NOW!

Quote:
"I think everybody kind of simultaneously -- the consumers and businesses -- is tightening belts so that's triggering a reasonably precipitous slowdown that's widespread," said Ed Hyland, global investment specialist at J.P. Morgan's Private Bank. "This is something that we haven't really seen, this level of this rapid and significant pullback both in tHe market and the economy."


Last edited by 2fisted on Sat Aug 04, 2012 8:20 pm; edited 6 times in total
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Slomgom_Commie



Joined: 23 Sep 2003
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PostPosted: Thu Nov 06, 2008 7:28 am    Post subject: Reply with quote

Already blaming somebody who hasn't spent a minute in the White House.

Typical and boring.
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zom-zom



Joined: 19 Sep 2003
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PostPosted: Thu Nov 06, 2008 7:30 am    Post subject: Reply with quote

It's interesting how the economy tanked with a drunk, idiotic frat boy in the White House.
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Uncle Mike



Joined: 23 Sep 2003
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PostPosted: Thu Nov 06, 2008 8:47 am    Post subject: Reply with quote

2fisted wrote:
Or day 33, depending how you see it. It is interesting (but not suprising) to see how investors react to a Community Organiser taking the riegns in weeks. SEll Sell Sell! Wow, worst post election economic reaction in history.

Where is the Hope?! We need more Obama Platitudes NOW!

Quote:
"I think everybody kind of simultaneously -- the consumers and businesses -- is tightening belts so that's triggering a reasonably precipitous slowdown that's widespread," said Ed Hyland, global investment specialist at J.P. Morgan's Private Bank. "This is something that we haven't really seen, this level of this rapid and significant pullback both in tHe market and the economy."


This quote says nothing about the downturn being caused by the election results


Quote:
By Tim Paradis, Associated Press

NEW YORK — Wall Street plunged for a second day, triggered by computer gear maker Cisco Systems warning of slumping demand and retailers reporting weak sales for October.


Yeah that has "Obama" written all over it.


zom-zom wrote:
It's interesting how the economy tanked with a drunk, idiotic frat boy in the White House.


Yeah as opposed to those horrible Clinton years with the low unemployment and then leaving that poor GW with a budget surplus? That was such a burden for him to deal with entering his first term. What to do with the surplus. How ever did he weather that first year?

Oh, and last time I checked, GW is still commander in chief. Fisty, are you saying he isn't or are you saying he's ineffective?
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Phobia



Joined: 22 Sep 2003
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PostPosted: Thu Nov 06, 2008 10:03 am    Post subject: Reply with quote

What a ridiculously stupid thread. Even for John Eiden, this is an incredibly stupid thread. This has to go in the all-time top 10 Stupidest Threads Ever.

MAn, John, you Are A world-clAss moron.
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2fisted



Joined: 22 Sep 2003
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PostPosted: Thu Nov 06, 2008 5:20 pm    Post subject: Reply with quote

Slomgom_Commie wrote:
Already blaming somebody who hasn't spent a minute in the White House.


Investors don't make decisions (to sell for example) on a whim, they are looking approx 6-9 months into the future. & the financial future looks bad.

I thought lefty would be celebrating this? Corporate America is getting thier dues eh!
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TLH



Joined: 10 Sep 2004
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PostPosted: Thu Nov 06, 2008 6:30 pm    Post subject: Reply with quote

Approximately nine months ago:

Quote:


Wall Street fears for next Great Depression

Sunday, 16 March 2008

Wall Street is bracing itself for another week of roller-coaster trading after more than $300bn was wiped off the US equity markets on Friday following the emergency funding package put together by the Federal Reserve and JPMorgan Chase to rescue Bear Stearns.
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Slomgom_Commie



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PostPosted: Fri Nov 07, 2008 2:10 am    Post subject: Reply with quote

But wait a second, nine months ago we had no idea that Barrack Obama would be president two months from now!

Wall Street knows something we don't know (9 months ago).
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2fisted



Joined: 22 Sep 2003
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PostPosted: Fri Nov 07, 2008 4:58 am    Post subject: Reply with quote

Yes they did, Historicly the odds where in the Democrats favor to win this time & 9 mon. ago it looked like the Dems would hold onto both houses.
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Slomgom_Commie



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PostPosted: Fri Nov 07, 2008 5:23 am    Post subject: Reply with quote

Which means...SELL SELL SELL!!!

What a tenuous thread, man.
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Phobia



Joined: 22 Sep 2003
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PostPosted: Fri Nov 07, 2008 5:35 am    Post subject: Reply with quote

Phobia wrote:
What a ridiculously stupid thread. Even for John Eiden, this is an incredibly stupid thread. This has to go in the all-time top 10 Stupidest Threads Ever.

MAn, John, you Are A world-clAss moron.
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TLH



Joined: 10 Sep 2004
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PostPosted: Fri Nov 07, 2008 5:42 am    Post subject: Reply with quote

So what you're saying is that 18 months back the economy was good, and the economy tanked because the guys who can't see the future to forecast the economy could see the future to forecast who would win an election in which we weren't yet sure who exactly was running? Yeah- that makes a lot of sense. Rolling Eyes

http://www.msnbc.msn.com/id/5474580/
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2fisted



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PostPosted: Fri Nov 07, 2008 1:52 pm    Post subject: Reply with quote

First press confrence & he does nothing to calm markets. At least he got to make fun of Nancy Reagan. Confused
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Phobia



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PostPosted: Fri Nov 07, 2008 2:47 pm    Post subject: Reply with quote

2AfisteAd A wrote:
First press confrence & he does nothing to calm markets. At least he got to make fun of Nancy Reagan. Confused


PleAse post more. I'm leArning so much from you.
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nynetailz



Joined: 30 Nov 2004
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PostPosted: Sat Nov 08, 2008 7:20 am    Post subject: Reply with quote

Don't blame Obama - blame the banksters under Bush's watch.

If the recession is from a relatively recent foretelling of election results, then how did European think tank "LEAP/Europe2020" predict our collapse way back in early 2006? [The parenthetical numbers are sources.]
Quote:
As early as February 15th, the second issue of the GlobalEurope Anticipation Bulletin (GEAB N°2 announced that an international political, economic and monetary crisis was to be triggered in the course of the last week of March 2006. ...

GEAB 2 revealed in particular a major fact, unknown from big media and the majority of financial analysts: the US Fed’s decision to stop the publication of a macro-economic indicator, one essential to assess the dollar’s and global economy’s health, the M3 indicator. Leap/E2020 analysed this information as a decision to monetarize the US debt and to hide the triggering of a dollar-collapse process.

As predicted by Leap/E2020, and despite doubts expressed by many professionals and a resounding silence from the part of all big media, on March 23, 2006, the US Federal Reserve stopped M3 publication, the dollar started its descent and the crisis began to expand to various emerging monetary and financial markets (Arab Stock Exchange Markets, Iceland, New-Zealand, Hungary, Brazil…), bringing the dollar down by 4% in just a month, in a context of speculative currency attacks.


More on this from the actual February 2008 issue. [url feature isn't working here]
Quote:
In this 22nd issue of the Global Europe Anticipation Bulletin, with the alert we sound about a collapse of US real economy from September 2008 onward, we are trying again to warn those concerned that this major event will generate many very severe socio-political troubles in the United States (13) whose economy is truly on a tumbling course....


Their June/July 2008 bulletin shows how it was allowed to worsen.
Quote:
In 2007, the authorities’ and large financial institutions’ attempt to conceal the subprime crisis (1) (which had already started hitting hard on the markets in February-March 2007) resulted in a severe and sustainable shock in summer 2007. Well, in the coming weeks we will experience a “remake” of the same scenario, i.e. a serious aggravation of the January-March 2008 financial crisis at the beginning of summer 2008. ...

Indeed, despite all the signs indicating that the crisis is going on ..., financial authorities, large banks and the international media have undertaken to profess that the crisis was under control. ... The global systemic crisis still has long to live, having nothing to do with this virtual reality where central bankers, private bankers and financial media seem to be operating. Of course large banks took advantage of today’s general “euphoria” and managed to share past and future (even greater (9)) losses by launching vast operations of recapitalisation (10). ...

... Operators (whether they are individuals, simple savers or sovereign funds) are suspicious and beginning to wonder if they are not being manipulated. If, as our researchers believe, they realise in a few weeks that indeed they were being manipulated and that the crisis is far from being under control but on the contrary is reemerging even bigger, then real panic movements will swoop down upon financial markets. When it comes to mass-psychology, nothing is worse than the collective feeling of having been fooled on purpose.


Last edited by nynetailz on Sat Nov 08, 2008 7:31 am; edited 2 times in total
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