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Goldman earnings out early
There's some kind of mathematical word that describes a curve that rises like that. Hmmm.
AH market not liking GS's numbers/dilution.
GS blows the XXcking doors off the building...depressionistas beware...anyone seen Jas
No worries. They can always get a job in lumber at the bottom, real estate in the middle or software at the high end.
This graph is... unsettling.
I admit it...I said Buffet was a fool for buying GS...he is looking good right now...Sorry UNcle Warren
Don't they make running shoes and tend gardens or something? I expect that eastern Oregon also has pig farms, based on my knowledge of eastern washington.
So maybe that was the plan all along for GS - squeeze all the shorts out of the financials and then make an equity offering into the ensuing rally.
It's unethical and immoral... but quite clever I'll admit.
This could be solved if all those hippies in Portland would just GET A JOB.
- Nemo
before long there will be for-profit tent cities in oregon.
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I loved my visit to Florence and Yachats and look forward to returning next month--doing my bit to help the local economy.
What would these numbers look like if they let people pump their own gas?
Hey ac --
You might enjoy http://goldmansachs666.com/
Guy has received cease & desist orders from the Beast itself. He is stark raving mad, of course. But that doesn't make him wrong.
- Nemo
3.39 x 4 = 13.56 earnings...130 share price....9.59 times earnings...
For the numbers people here. The period 1940-1948 are not useful. Not wrong, just not applicable to an economy not engaged in all out war. Nothing but huge variations with no information.
GS new motto should be - Never bet against the house!
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What do people in Oregon actually, you know, do for a living?
- Nemo
Much less of it.
I think they deal a lot of pot. AND that doesn't get picked up in the official numbers...
Maybe in Oregon, they actually count all the folks who wish to work but don't have jobs as unemployed. What a novel idea! 
This could be solved if all those hippies in Portland would just GET A JOB.
A bath might be nice too.
Just sayin'...
Oregroan, ouch.
Latest Hugh Hendry interview. Pretty sure his contrarian call has killed his fund over the last few weeks but he isn't budging in his implosion view. Transcript included.
http://greenlightadvisor.com/glablog/2009/04/11/hugh-hendry-citywire-int...
Oregon has two economies. Commodities and IT. Neither is doing well. Pretty much like the rest of the USA. Still a good place to live.
It's like a rubber band. The harder you stretch it, the harder it snaps back
if stocks go way down will GS say we can't pay back the mooney now without an IPO?
and then profit massively from shorts set while running the market up beforehand with all the silly storiees.
if a big bank knew ahead of time its results were crap they could be assured of knowing the direction of the market when they dumped the data on the public. Zero risk trade.
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Actually, we try to keep Californians moving thorough to Washington. Maybe we can setup more checkpoints on those I5 exits now…
squeeze all the shorts out of the financials and then make an equity offering into the ensuing rally.
Actually, I've heard rumors that they (or another big desk) started the oversold sell-off in Feb-March, beginning with Denniger's nuclear bomb and ending with Pandit/Lewis proclamation's of profits)
I can see it now, U3 hits 20% and CNBC points out it is a lagging indicator.
Guy has received cease & desist orders from the Beast itself. He is stark raving mad, of course. But that doesn't make him wrong.
Gotta admire the guy for having the brass to make himself that kind of target.
Guy has received cease & desist orders from the Beast itself. He is stark raving mad, of course. But that doesn't make him wrong.
And he has apparently filed a Declaratory Judgment action in response to the nastygram that Goldman sent him (for those who aren't legally fluent, a DJ action allows an accused infringer of an IP right like a patent, or in this case a trademark to fire the first shot and therefore get to pick the field of battle). That is 100% pure awesome.
there are tons of people going long for greed.
there are no fundamentals.
the whole market seems to be based on how profitable the big banks can lie to be with billions for free.
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Can you even use the word hippie to even describe a portion of our society any longer? Pejoratives aside, there are no jobs anywhere and the future is bleak everywhere.
Oregon will still have the commodities and agriculture resources when this is over. And hydro power, and wind power, and a forward thinking population who is not afraid to protest and voice an opinion. Hell, maybe we are all hippies but I prefer the term cultural creatives or cultural progressives.
Hell, maybe we are all hippies but I prefer the term cultural creatives or cultural progressives.
I'd go with "deadbeats".
- Nemo
Deadbeat. Did you catch the irony as you cast aspersions upon people who saw through the charade and decided to not participate?
The banks could be categorized as deadbeats? Most of the economic blogs comment section, here included, are supporting protests, tax revolt, walking away from debt, and various other examples of hippieness or becoming a deadbeat as you so aptly describe an underclass with a somewhat dated description.
I have been known to make the occasional sarcastic comment. From time to time.
- Nemo
I think they deal a lot of pot. AND that doesn't get picked up in the official numbers...
IIRC, Oregon has the highest incidence of methamphetamine use per capita in the U.S.
Your first two comments could be construed as snark, the deadbeat comment was in response to my comment. The humor was lost on me.
Deadbeat etymology.
http://www.randomhouse.com/wotd/index.pperl?date=20000831
And hydro power, and wind power...
Wind farms kill birds and take energy out of the atmosphere. Would you like to see entire forests that collapse under their own weight because you've taken so much wind of of the ecosystem? That's a possibility if you expand wind farms on a scale necessary to power the grid we have.
TANSTAAFL.
Oregon is highly dependent on the lumber industry, a real boom and bust situation.
East of the Cascades the wheat farmers have seen their crop price collapse while the cost of ammonia is still a killer.
Nationally, we'll be very lucky to have a decent crop this year. I'd bet against it.
The high tech corridor in the Willamette Valley near Portland is in a crimp. HP's printer sales are way down.
Port traffic to and from the far east has fallen off a cliff.
All in all, Oregon is punked.
These unemployed Oregonians should put their benefit checks into the stock market and get rich. The trend is their friend.
What do we do in Oregon? Well, to start with, it's different here. As always.
The biggest single private employer is Intel.. and associated electronics mfg..... Some steel industry, Nike shoes, etc... Export wheat to Japan, China... The largest grass seed and sod growing area in the US ... Sizable wine industry, second largest nursery plant industry in the US. (hint... what industry uses the most seed and sod and nursery plants? Points if you said 'home building'). Lumber of course, lumber products. ...
In the last major recession (1982), there were lumber counties that had 70 % unemployment. I think unemployment peaked around 13 percent, pre - U3.
In the heart of Portland, they like to pretend that everyone is a 'creative worker' .. that everyone works for Nike, designs clothing (Columbia outerwear), or sells books or condos. I've seen idiotic stories suggesting that the 'crative industries' like animation will 'save' Portland.
On the other hand, we really haven't paved over every scrap of farmland yet... that does make us different from most areas of the US. So, post industry ... we can at least grow enough to eat.
Decent bike paths.... LOTS of smaller scale community organizations ...
Nice place to be if you have a job.
Oh yeah, I forgot the meth thing. Thanks.
I've been to numerous economic summit type conferences here with the Guv, Dr. Duy and his economic indicators, and they all think we are in a deep disaster zone.. perhaps having to cut as many as 30 some days of school in a couple of years... huge budget deficits.... I think I told Dr. Duy ... "You're an optimist... I'm going with the Roubini scenario."
There are a few Intel research and development and manufacturing centers up there. I am heading to one in Portland tommorrow for my first time up there. Other than that I think there is nike and thats it.
They do have no sales tax up there. Thats definitely a plus.
You know those light-colored sticks they use to build houses with? They don't grow on trees, you know.
They also design and fab most of the advanced microprocessors used in the world.
Oh yeah, meth. I drove through a town near in the Cascade hills the other day that had a sign which read, "Please dispose of your solvents properly."
There's some kind of mathematical word that describes a curve that rises like that. Hmmm.
It's all hyperbole.
his law degree comes in handy sometimes
Assume Crash Po... (member) wrote on Mon, 04/13/2009 - 1:43pm.
Guy has received cease & desist orders from the Beast itself. He is stark raving mad, of course. But that doesn't make him wrong.
And he has apparently filed a Declaratory Judgment action in response to the nastygram that Goldman sent him (for those who aren't legally fluent, a DJ action allows an accused infringer of an IP right like a patent, or in this case a trademark to fire the first shot and therefore get to pick the field of battle). That is 100% pure awesome.
Well, one thing we don't do anymore is build Freightliner trucks. That's all gone to Mexico. There's also a fairly large (although it used to be larger) Boeing subassembly plant in Gresham.
Guess I should have posted this:
http://economistsview.typepad.com/timduy/2009/04/the-upcoming-oregon-job...
Fish, Dairy products (Tillamook cheese, butter, ice cream, etc) and other agricultural products, artisan & otherwise. Tourism. Politically, it's alot like NY in some ways, one region (most populous) is urban/progressive, much of the rest of the state is very conservative GOP/survivalist (few if any military bases in OR therefore survivalists felt area likely to come through nuclear attack better than other parts of the US), neo-nazis, and quite a few libertarians. There really are a few hippies still around as well as some New Agers. Still some of the best craftspeople in the nation, imo, some good artists, some very good musicians. Newport, north central coast, has its "Loyalty Days" parade coming up at the end of April. LD parades began during the McCarthy era, and it's survived in Newport, even though it's more of a tourist attraction than anything else now. But ithat's it still around at all tells you something about OR. At last year's parade, the police prevented some Iraq Vets Against the War from marching in the parade with members of the Democratic party. City council members/mayor did usual cop-out by saying, "it's a private parade." But it was ok for WWII vets, not against the invasion/occupation of Iraq, to be in the parade.
Fortunately, not everyone in the town, or the county is as greedy, sexist, pro-development, anti-environmental protection & "conservative" as the majority of the current city council members (1-2 notable exceptions) and the city planning commission.
>What do people in Oregon actually, you know, do for a living?
Thay pump gas. (And brew awesome beer.)
they. they. they.
Stupid typo.
Bwahahahahaha, and if you make too many solar farms there will be no daylight any more and the world will plunge in eternal darkness!!!
By the way, if the processor in the computer you wrote this post on has an Intel processor, that processor was designed and probably built in one of Intel's fabs in Oregon. And I wonder what people in, like California, with it's 100% service economy , do for a living? Selling latte's to each other and hot air to everyone else?
This is a real nostalgia thread. My first real job was with Freightliner in Portland. Sorry to hear that it is gone. Good money. Used the savings to go to college. Ended up with a markedable skill. Found jobs in Seattle, Palo Alto, Boston and Sacramento. Always looked for jobs in Portland but was never able to find one.
I was raised in that area and my memory was that it was always very poor. Remember the 57'-58' recession as a child -- the main memory was feeling hungry. Not that I was malnurished, but that is what happens when one changes from a protein rich diet to a carbohydrate rich diet.
In any case it is not surprising to see Oregonians suffering again from this downturn. Still would like to live there again.
Exponential growth in unemployment can't be a good thing...
"not afraid to protest and voice an opinion"
Actually we don't protest and are a bit too lazy to voice an opinion, myself included.
"You know those light-colored sticks they use to build houses with? They don't grow on trees, you know."
Glad I wasn't drinking my hot cocoa this morning or I would have blown it out of my nose. Good one.
What do people in Oregon actually, you know, do for a living?
- Nemo