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Josh ODonnell

Josh ODonnell
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  • Why The S&P Index Will Not Crash Below The March 2009 Lows [View article]
    The USD bubble bursting will cause worldwide financial instability and collapse. and I do see that in the foreeseable 4-5 years or so... along w/ inflation in the 100%%'s
    Jun 26, 2012. 09:48 AM | Likes Like |Link to Comment
  • Apr S&P Case-Shiller Home Price Index: +0.7% M/M vs. +0.4 expected, +0.1% prior. -1.9% Y/Y vs. -2.3% expected, -2.6% prior.  [View news story]
    It doesn't matter. Its all temporary... and if its temporary that means there's no real growth in any sector of this economy. When your in a multi linked bubble economy thats popping, you will see sporadic areas of growth here and there, but no REAL longterm growth....

    The stock market bubble was the only bubble they were able to reinflate because those are non-tangible assets, so hedge funds could continue piling in capital... Housing is finished in the long term.
    Jun 26, 2012. 09:20 AM | 2 Likes Like |Link to Comment
  • Apr S&P Case-Shiller Home Price Index: +0.7% M/M vs. +0.4 expected, +0.1% prior. -1.9% Y/Y vs. -2.3% expected, -2.6% prior.  [View news story]
    No.. Home prices are HUGELY overvalued... Who can buy a house making $7/hr, let alone 40K a year...Prices need to drop another 50-60% to see a real bottom...and WE HAVE NOT seen that bottom and wont until the US govt. debt bubble pops.
    Jun 26, 2012. 09:12 AM | 1 Like Like |Link to Comment
  • Dow Will Be Closer To 14000 By The End Of 2012 [View article]
    It all depends on the value of the US dollar. I do not believe we will see DOW 14,000 this year...I'm actually calling the market to tank hard through September and October....

    Inflation will start to kick in by end of year, maybe later into 2013...4-5% or more. Im calling 30% real unemployment(Its about 20% atm). I believe Obama will get re-elected and continue the same b.s. policies.... We should see negative GDP growth by end of year if not sooner. I see another 2-3 trillion dollars added onto the national deficet, w/ 110-115% debt to GDP ratios. The govt. and central banks are going to do everything they can to save the US dollar..EVERYTHING....The massive govt. debts are the main problem holding the economy from going forward..and those debt levels are increasing NOT decreasing... They will need to raise the debt ceiling again by the fall.
    Jun 25, 2012. 04:43 PM | Likes Like |Link to Comment
  • Prior Week Market Movers, Analysis And Lessons: Why EU Really Is Doomed [View article]
    The entire EU is bankrupt. There finished. Only thing that will improve their situation is economic growth. And if we aren't seeing that in the U.S...what makes you think it will happen in Europe??.

    The 2% GDP growth you see here is all Federally induced. There is no real growth.. We are going through a massive bubble at the moment thats popping...
    Jun 24, 2012. 11:27 PM | Likes Like |Link to Comment
  • Will The Federal Reserve Unleash QE3 Soon? [View article]
    whatever they do..just keep printing the money! Gotta get these kids through they can graduate, and work at McDonalds for $7/hr.
    Jun 24, 2012. 11:26 PM | Likes Like |Link to Comment
  • Initial Jobless Claims: 387K vs. 383K consensus (prior week revised to 389K from 386K). Continuing claims flat at 3.29M.  [View news story]
    The economy is WORSENING people. Jobless claims are up for atleast the last 4 weeks in a row. They are worse, NOT BETTER. WORSE... THe labor participation rate has been on the decline since the 80's... The 2001-2007 bull market was all wasn't was a bubble that is now popping...and things WILL get worse NOT BETTER dudes.

    Manufacturing is down. The job market is down. The Real inflation #'s are UP... and the only other thing thats up is the market which is 100% driven by the fed.

    This is a depression we are headed into pal. Get with it. Ok so the services sector is up.. So what... more $7/hr jobs for everybody... that isn't going to grow the economy. Get with the picture dude. Seriously. This isn't a recovering economy...Its a stagflating piece of garbage w/ 17 trillion dollars of debt economy. Thats what it is.
    Jun 21, 2012. 05:48 PM | 1 Like Like |Link to Comment
  • The Fed "isn't going to be buying European sovereign debt," Bernanke says before wrapping up his news conference. Those looking for hints of a bigger QE3 were thwarted, as usual, but the questions now are coalescing around a single one: If the Fed "can do more" if necessary - why isn't it doing it now? (Earlier: Fed statement; projections)  [View news story]
    Please. TARP wasn't a traditional bailout. It was a bailout on all the bad bets these rat bastard investment companies like BofA, Lehman, Bear Sterns,etc..took... Then they ask for taxpayer's dollars to bail out them out... Lehman wasn't saved because of internal issues and corruption all the way to the top..obviously there's no proof, but there was definetly some hatred towards Lehman's CEO..that crazy bastard.

    The truth is we are all part of it now..even the taxpayer. Were all drinking the same kool-aid! And now that the housing and credit bubbles began popping, were just waiting on the biggest baddest bubble of them all to burst....the US govt. debt bubble...along w/ the USD bubble...

    When they pop..and they will because all bubbles pop eventually, it will be catstrophic worldwide. How long did it take for the housing bubble to burst 7 years? The manipulation of the USD will continue, but I do think the govt. debt bubble will take longer to burst... As long as foregin assets continue to rake in, the USD will still remain strong..China will suffer the worst of all the deveolped countries.
    Jun 20, 2012. 05:28 PM | 1 Like Like |Link to Comment
  • May. Housing Starts: 708K vs. 720K expected and 744K (revised) in Apr. Permits 780K vs. 736K expected and 723K (revised) in Apr.  [View news story]
    When the jobs market crashes, so will housing...and this isn't a recession..its a depression for the middle class..who are starving to death basically...

    So get your heads out of your ass because the #'s are b.s....the govt is lying to each and every one of us! really think Unemployment is at 8.2%? IF you believe that, your just being plain ignorant. The REAL # is closer to 20% OR more... Ok so the services sector grew...more $7/hr jobs for everybody! yey!
    Jun 19, 2012. 11:59 PM | 2 Likes Like |Link to Comment
  • Why 2012 Will Be Way Better Than 2011 [View article]
    Thanks...Will continue to see the world deleverage until housing bottoms..which could be in the next 5 years...It HAS NOT bottomed..I dont care what the economists are saying...They are wrong..DEAD wrong.

    Im calling real unemployment #'s at 30% by end of 2012....
    Jun 19, 2012. 11:58 PM | 3 Likes Like |Link to Comment
  • MBA Mortgage Applications: +18% vs. +1.3% last week. Thirty-year fixed mortgage rate with conforming loan balances ($417,500 or less) increased to 3.88% from 3.87%.  [View news story]
    yea anybody can apply for a mortgage.. how many of them will get one is a whole other story... we have seen all this before

    DEPRESSION coming soon...
    Jun 14, 2012. 02:45 AM | Likes Like |Link to Comment
  • Jobs Report Is A Sucker-Punch To Pessimists [View article]
    Social security and medicare are both bankrupt..its already a fiscal issue... But the great thinga bout America is we can continue to print hundreds of trillions of dollars of paper and distribute it..thinking it wont have an effect on inflation later on...It me on that.
    Jun 13, 2012. 03:00 AM | 1 Like Like |Link to Comment
  • Evidence Mounts That Deflation Is A Greater Risk Than Inflation [View article]
    Housing hasn't deflated at all. It has experience real asset price declines(because of owners selling or homes going into foreclosure)..which are two very different things. Deflation and inflation are caused by the fed..and the fed alone. Deflation is when the govt. stops adding to the M2 Money supply and inflation is when they add....(which is what they currently doing..the Money supply is approaching $10 trillion)

    There is no deflation at all..Only inflation because the fed is printing money and adding morea nd more trillions each year to the M2 Money Supply.

    There has never been a time in U.S. history where deflation or inflation set in, if it wasn't for government. Also keep in mind..that inflation has a 2 year lag factor..So the U.S. will begin to feel the bigger inflation problems in 2015.
    Jun 7, 2012. 04:10 AM | Likes Like |Link to Comment
  • Michelle Obama backs the proposed ban in NYC on large-sized soda drinks before issuing a statement later on detailing that she didn't quite mean to enter the debate. At this point the uproar in the Big Apple has taken much of the steam out of any move to adopt any federal framework to limit soda sales, helping analysts keep forecasts in place for a beverage industry powered by the American consumer who drinks a whopping 43.5 gallons of soda a year on average. [View news story]
    I could never finish a Big Gulp...That drink is massive. Anyways...who the hell is the govt. to tell us what to do with how we consume soda?
    Oh wait...You all didn't think we were living in a democracy did you?
    Jun 6, 2012. 05:56 PM | 1 Like Like |Link to Comment
  • Apr. ADP Jobs Report: +119K vs. +201K prior (revised from 209K) and expectations of 183K.  [View news story]
    Horrible. So much for the moving average b.s. we all know and hear about. Get ready for the EPIC collapse of capitalism.
    May 2, 2012. 09:58 AM | Likes Like |Link to Comment