Will 4a2b be baaaaack!?!?
09-26-2012, 07:02 AM
#21
Gets Weekends Off
Joined APC: Sep 2006
Posts: 1,338
I'm glad I can find humour in the irony of FoxHunter warning me about people who want to profit at my expense.
Fox....my estimates conservatively put my losses over age 65 are about $450000 over the life of my career due to excess and downgrade. I can tell you while not catastrophic, the ride was not enjoyable.
Enjoy the ride.Fox....my estimates conservatively put my losses over age 65 are about $450000 over the life of my career due to excess and downgrade. I can tell you while not catastrophic, the ride was not enjoyable.
09-26-2012, 07:39 AM
#22
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
Ask yourself, why does Spain need an austerity program? How come they have to do what the Germans tell them? Can you think of any countries that do today what Spain did from 2004 to 2011? Are they still doing it today?
Spain Ejects Clean-Power Industry With Europe Precedent: Energy - Bloomberg
As an aside, you do realize we spent $20,000 in bureaucracy fees for each clunker in the Cash for Clunkers program. Only about $3700 went to the person trading in the clunker. And some people still think that program was a sucess.
Spain Ejects Clean-Power Industry With Europe Precedent: Energy - Bloomberg
As an aside, you do realize we spent $20,000 in bureaucracy fees for each clunker in the Cash for Clunkers program. Only about $3700 went to the person trading in the clunker. And some people still think that program was a sucess.
I'm really not arguing over the definition of austerity. We will have less under it. If fiscal issues are not dealt with now the problem will eventually escalate and we won't be able to stop it. Perhaps the train has already left the station. Unless I'm missing something, we have done all we can to jump start GDP. Since inflation has not occurred during the most aggressive stimulus ever tells me the bottom of the next downturn will be devastating. If we've used all our tools all the Fed will be able to do is give us the MAC salute. Eventually the stimulus has to be accounted for and reversed.
Despite going to great lengths to avoid it, austerity will start when interest rates start rising. Whether's it's rapid inflation without our wages rising, rising tax rates or interest payments that force cuts in spending not currently planned we'll soon be in for it. I see all three as likely and that will define our time of austerity. Our spending power will go down the tube as our real wages work their way down to China's.
Our no ethics congressmen and president will gladly steer the country into the abyss just keep their jobs for a little while longer.
Last edited by Gunter; 09-26-2012 at 08:02 AM.
09-26-2012, 08:57 AM
#23
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
On the other hand.....
If you can ignore the spin in this article and focus on the facts presented I think it offers some insight into where our economy might be headed. Macro factors are hard to ignore even with stimulus. Not comprehensive by any means.
Japan Economy - How the Economy in Japan Affects the US and World
If you can ignore the spin in this article and focus on the facts presented I think it offers some insight into where our economy might be headed. Macro factors are hard to ignore even with stimulus. Not comprehensive by any means.
Japan Economy - How the Economy in Japan Affects the US and World
Last edited by Gunter; 09-26-2012 at 09:15 AM.
09-26-2012, 12:30 PM
#24
Gets Weekends Off
Joined APC: Aug 2006
Posts: 3,931
According to the market, stimulus has already done all it could.
Dow drops 100 after Fed official's warning - Yahoo! News
A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.
Charles Plosser, president of the Fed's Philadelphia branch, told an audience Tuesday that the Fed's effort to support the economy would likely fall short of its goals.
The speech probably startled some investors who had faith in the Fed's latest plan, said Jack Ablin, chief investment officer Harris Private Bank. The plan includes buying $40 billion in mortgage bonds each month until the economy improves.
"So many investors have bought into the illusion," he said. "And it was like Plosser pulled up the curtain on the Wizard of Oz."
FedEx, a bellwether of world trade, said Sept. 18 that shipping has sunk to recession-like levels. Railroad giant Norfolk Southern has also warned that falling shipments and sinking coal prices will likely drag down its earnings.
Wall Street analysts now estimate that corporate profits will be lower this quarter than a year earlier. That would be the first such drop in three years.
Dow drops 100 after Fed official's warning - Yahoo! News
A quiet day on Wall Street turned into the worst sell-off in three months after a Federal Reserve official said he doubted the bank's effort to boost economic growth would work.
Charles Plosser, president of the Fed's Philadelphia branch, told an audience Tuesday that the Fed's effort to support the economy would likely fall short of its goals.
The speech probably startled some investors who had faith in the Fed's latest plan, said Jack Ablin, chief investment officer Harris Private Bank. The plan includes buying $40 billion in mortgage bonds each month until the economy improves.
"So many investors have bought into the illusion," he said. "And it was like Plosser pulled up the curtain on the Wizard of Oz."
FedEx, a bellwether of world trade, said Sept. 18 that shipping has sunk to recession-like levels. Railroad giant Norfolk Southern has also warned that falling shipments and sinking coal prices will likely drag down its earnings.
Wall Street analysts now estimate that corporate profits will be lower this quarter than a year earlier. That would be the first such drop in three years.
09-26-2012, 02:50 PM
#25
Gets Weekends Off
Joined APC: Sep 2010
Position: B777 Capt
Posts: 614
Wow. I get it now. My post was censored because I mentioned an actual political party. If you just talk about economic and social issues and do not mention a specific party, and only infer who is at fault, then you are not talking politics. 
09-26-2012, 06:39 PM
#28
Gets Weekends Off
Joined APC: Dec 2005
Position: On the corner, covered in Stickum
Posts: 376
Sure sounds like the violins are tuning up for the 4a2b concerto...
"Frankly, it's a time to rally together to make our business model work, and to be flexible enough to evolve and thrive in a dramatically changing business environment. It's no different than the early days of FedEx when the required solution involved entrepreneurial-style dedication, passion for performance, and high-quality and highly engaged leadership. This is why our new Culture is vital to our future. It's not about words. It's about actions."
"Frankly, it's a time to rally together to make our business model work, and to be flexible enough to evolve and thrive in a dramatically changing business environment. It's no different than the early days of FedEx when the required solution involved entrepreneurial-style dedication, passion for performance, and high-quality and highly engaged leadership. This is why our new Culture is vital to our future. It's not about words. It's about actions."
Thread
Thread Starter
Forum
Replies
Last Post
