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Rope a Dope

Rope a Dope
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  • GE says U.S. approves overhaul of aircraft engines for Iran [View news story]
    Perfect timing; the Russians may be unloading theirs!
    Apr 5 09:45 AM | 1 Like Like |Link to Comment
  • GE says U.S. approves overhaul of aircraft engines for Iran [View news story]
    Joe, thanks for your service to our country.
    Apr 5 09:41 AM | 1 Like Like |Link to Comment
  • GE says U.S. approves overhaul of aircraft engines for Iran [View news story]
    I understand wyo perfectly as well.
    Apr 5 04:14 AM | 3 Likes Like |Link to Comment
  • Wild ride for Genco Shipping [View news story]
    I show 38% of float shorted, but to see a 30% rise in price doesn't make sense to me. Maxim issued a 'Sell' rating with a $0.25 PT at just after 12:00.
    Apr 4 12:35 PM | Likes Like |Link to Comment
  • ISM Non-Manufacturing Index [View news story]
    I’ve gone from investing to swing trading and over the last 3 months, pretty much day trading. In short, I stay close to the exit.
    Apr 3 02:42 PM | Likes Like |Link to Comment
  • Initial Jobless Claims jumps 16K to 326K [View news story]
    Liberal Arts.
    Apr 3 01:51 PM | 1 Like Like |Link to Comment
  • ISM Non-Manufacturing Index [View news story]
    jStryderl, to be clear, I'm not suggesting the possibility of a double dip recession; I'm saying if our debt really is close to $200 trillion, nothing less than complete collapse can happen.
    Apr 3 01:49 PM | Likes Like |Link to Comment
  • ISM Non-Manufacturing Index [View news story]
    Note my comment 'long term'. I trade daily and have done quite well over the last few years. But I also remain well-grounded and I don't buy into a recovery for one second. Some areas of our economy may have shown signs of improvement over the last few years, but you can be 110% certain that if our debt is anywhere near those levels, our economy will eventually collapse. Even the CBO says our current debt trajectory is unsustainable.

    It may take one catastrophe or several smaller events, but we aren’t doing anything to eliminate the threat this massive debt imposes on us. Personally, I don’t think we’re more than 5 years off from losing fiat currency status and that alone is going to have a disastrous impact on our economy.
    Apr 3 01:47 PM | Likes Like |Link to Comment
  • ISM Non-Manufacturing Index [View news story]
    Tack, you could also say that those people who fail to recognize an approaching crisis are doomed to failure.

    The numbers for our debt are all over the place, but that in itself is a problem; there is no current mechanism to recognize and report the total debt of the local, county, state, and Federal governments. There is a movement underway to address this but if some of the debt numbers are even close to correct, there is nowhere to go but down; way below bottom.

    David Walker, a former US Comptroller, estimates total US debt at $50 to $60 trillion. A Boston U Economist, Laurence Kotlikoff, puts the debt at about $200 trillion. If the debt were really only $60 trill, maybe (a big frggin’ maybe) we could dig out of the hole, but the problem will never be addressed because far too few people are aware of it and even less seem willing to do anything about it.

    http://bit.ly/1mE6Cyc

    If the debt is anywhere near to $200 trillion, it’s over, and as I said we’re already dead we’re just too stupid to fall over. The governments combined would have to take every cent every person makes, as well as every cent of net profit of all US businesses for the next 25 years to pay off a $200 trillion dollar debt.
    Apr 3 12:22 PM | Likes Like |Link to Comment
  • ISM Non-Manufacturing Index [View news story]
    bbro, you kill me. You are probably the most optimistic person on SA, but I have to disagree with your optimism, long term at least.

    Even a corpse can twitch once the life has gone out of it.
    Apr 3 11:05 AM | 1 Like Like |Link to Comment
  • Initial Jobless Claims jumps 16K to 326K [View news story]
    I think the UACA premiums alone are going to kill discretionary spending on everything except rope and lead.
    Apr 3 10:18 AM | 1 Like Like |Link to Comment
  • Williams: Rate hikes should start in 2015 H2 [View news story]
    Cap'n, I read an article yesterday where some Representative (can’t remember the state) believes we may have just hit the number of states required to call for a Constitutional Convention to demand a balanced budget. They’re probably about 20 or 30 years too late to save the US, but it’s worth a shot.

    Most of the change in governments becoming fiscally responsible seems to be coming from the bottom up, perhaps because they don’t have the ability to print dollars, but it is still an encouraging trend.
    Apr 3 10:11 AM | Likes Like |Link to Comment
  • Initial Jobless Claims jumps 16K to 326K [View news story]
    I feel bad for the long term unemployed who have run out of benefits and aren’t showing up in any statistics anywhere. The SA “Breakfast Read’ on ‘Out of Work, Out of Benefits, and Running Out of Options’ is a situation that is far too prevalent, but rarely mentioned or addressed.

    The country is running on sound bites instead of action.
    Apr 3 09:33 AM | 2 Likes Like |Link to Comment
  • Initial Jobless Claims jumps 16K to 326K [View news story]
    How many people have given up hope of ever finding a job? Where are the statistics on that? What percentage of these jobs are in low paying positions?
    LFPR down, SSDI applicants up, Americans needing financial help from the government up, poverty rates up, ......... the list goes on.

    We're dead; we're just too stupid to fall over.
    Apr 3 09:23 AM | 3 Likes Like |Link to Comment
  • Williams: Rate hikes should start in 2015 H2 [View news story]
    When the rates hit 4%, US taxpayers (the proud, the few) will have to fork over $1 trillion a year in interest just to service the National Debt. I wonder where they'll borrow that money from? I guess they could just print it, provided the dollar remains the fiat currency.
    Apr 3 09:04 AM | 1 Like Like |Link to Comment
COMMENTS STATS
426 Comments
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