Brother, can you spare a paradigm?
Brother, can you spare a paradigm?
They're skyin' 'em, boss!
Another hidden statistic is furloughs and pay cuts. ... In many industries, folks are being asked to take 5-10 non-paid furlough days this year. That doesn't show up on unemployment, but it sure does on purchasing power. Also, 3 to 10 percent pay cuts being taken by many, which really cuts down on the extracurricular spending.
--It won't be pretty but it will be a bankrupt nation--
The 4-week moving average was 657,250, a decrease of 750 from the previous week's revised average of 658,000.
LOWER THAN EXPECTED!
And what unknown fiend snagged the user 'Anonymous'? Damn, now I can't get lost in the crowd.
But that's OK - just part of going bando in a digital world full of repression - it's inherent.
Do businesses have to pay more for UI when more claims are made? So is this going to result in increased costs for businesses?
But Wells Fargo is making lots of money now! The doom is over folks! Get over it!
How many of those 657,250 no longer employed, do you think have more than a few weeks savings in the bank?
Question - In private, do any of the doomers here think that just maybe they've "jumped the shark"? Just wonderin'.
never underestimated!!!
booooyaaaahhahahhahahah
And futures are roaring back up!!!!!! All is well!!! For the nth time the worst is over Buy Buy Buy. .)
the WFC news is just like the july opre annoucne before the shrot ban came in. this time we get it then the uptick and the nyt article on all banks passing. Welcome to the ministry of truth..truly unreal
ty to whoever took anonymous
Eric,
Since I can't ignore you through CR Companion anymore, could I politely ask you to refrain from these witty posts.
I really need no reminders that the markets are being manipulated higher. It's all over the MSM.
Thx
Joe wrote on Thu, 04/09/2009 - 8:52am.
Question - In private, do any of the doomers here think that just maybe they've "jumped the shark"?
It's logistical, not psychological. There is no "jumping the shark," it's not a narrative carried on past the capacity of the bible's static components to support development. It's some shit that's happening in the really real world. It doesn't really matter if you think it fails to engage you or that it's gone on to long.
I used to make a lot of profits trading off what I read on this site.
Now my money is dead.
Maybe it wasn't the comments; perhaps my trading muse was haloscan...?
I brim with investor confidence when banks post unsustainable profits based on new rules that allow them to inflate the value of their bad assets. Also, bank stress tests kept secret, based on not-very-stressful scenarios fill me with buying vigor.
I brim with investor confidence when banks post unsustainable profits based on new rules that allow them to inflate the value of their bad assets. Also, bank stress tests kept secret, based on not-very-stressful scenarios fill me with buying vigor.
If earnings are so good, why not pay back all the TARP?
If earnings are so good, why not pay back all the TARP?
I think that the talking point this week is that the Treasury must accept your pre-payment, and the Administration won't do it so that they can continue exerting control.
Wells up. Big deal. Prolly lots of overdraft fees and atm fees for people taking out five dollars a day.
Costco and walmart miss sales big time. That's a better read of the economy.
So you're long, then, I hope!
Feels kind of good to be the only anonymous person in the room.
Used to be ya didn't fight the FED. Now it's you don't fight. Be stupid, go with the heard....right on man!! I don't understand why WFC only reported three billion. When you're on a roll why not thirty billion?
WFC quarterly profit: $3 billion
WFC take from the TARP bailout: $25 billion
What a country!
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sacrealstats
Wells Fargo: The next staged in banking
Whiskey Tango wrote on Thu, 04/09/2009 - 8:59am.
I used to make a lot of profits trading off what I read on this site.
Now my money is dead.
I'm sorry, I'm not here to make you money. if you want me to feel like I should make that a real priority, you could undertake to, for example, pay me. Not just me, I'm sure there are lots of people here who will pay you as much attention as you pay them consideration.
Maybe if you stick a couple grand in the tip jar and just so happen to ask some questions, people will try to answer them for you, or not. We do have a pirate frigate to think about paying for, maybe someone would be civic-minded enough to help ya out, or not.
But really, if you want guaranteed results, you'd gonna have to pay for it. I'm sure lots of people here would sell you their services.
Dirk Van Dijk works for Zacks, think of Zacks when you see Dirk, and for the love of Dirk's mortgage, think of Dirk when you see Zacks. I'm sure they're accepting business. Not to pick on anyone else, i just think Dirk is one of the most publicly "who he is" guys who could actually have business sent his way.
In short, show some money and maybe you will hear a tune you like. I'm not going to do your homework to flatter my ego.
Hope that's not too rude, CR. If it is, just tell me and I'll edit it down.
The "full employment" level seems to be improving with time. I wonder if a better comparison would be to some sort of estimate of the full employment level, which seems to start around 3% and improve roughly linearly to about 2%. (So, subtract out the linear trend in the data.) That would put us much closer to beating the early-80s recession in terms of insured unemployment rate, about 2.5% over the baseline expected in a strongly growing economy. Still a ways from the 70s, though...
When banks deceit, you win!
The second chart as a percentage of covered employment is quite telling. First we have a long way to go to get to early-80s level. And second, even further to get to the mid-70s levels.
The dire commentary on this bear continues to be way overblown...
http://mast-economy.blogspot.com/2008/12/dire-commentary-on-us-economy-o...
But this time is different right? Probably not. A fascinating paper by the economics department at Harvard, reveals
that a significant number of factors are the same now as compared to other financial crises that have occurred for the
last 800 years! We just have very short memories...
http://mast-economy.blogspot.com/2009/03/remember-1979-is-this-time-diff...
Great charts. Thanks
This current move up will continue to be swift and steep leaving many in the dust...
http://mast-economy.blogspot.com/2009/02/bull-market-move-swift-and-stee...
Good luck all...
Wake up! (It's 1984)
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sacrealstats