Posted on 08/19/2010 5:37:12 AM PDT by Red in Blue PA
Santelli on the floor of the exchange.
(Excerpt) Read more at cnbc.com ...
The market is disconnecting from the domestic economy. A job loss here creates many jobs overseas at lower cost.
“even as corporate cash is at all time highs, corporate debt is just below all time records (and the recent decline in gross debt has only occurred courtesy of banks pushing up stock prices to artificially high levels, which has afforded many with equity refis opportunities to pay down existing debt, as well as asset dispositions). In other words, and this goes to shut up all those “cash on the sidelines” chatterboxes, net debt has barely declined from all time records. In a nutshell: total debt of over $7 trillion versus total cash of $2.6 trillion is still close to the highest net debt gearing in history.”
http://www.zerohedge.com/article/ending-cash-sidelines-fallacy-redux
“Put simply, there is a lot of apparent cash on the sidelines because the government and many corporations have issued enormous quantities of new debt, often with short maturities, while other corporations have purchased it. It is an equilibrium. The assets that are held in the right hand represent debt that is owed by the left. You cannot call that pile of short-term marketable securities an asset without calling it a liability. The cash on the sidelines is evidence of debt incurred to fund economic activity that is already in the past. It will remain on the sidelines until the debt is retired.”
http://theburningplatform.com/blog/2010/08/09/there-is-no-cash-on-the-sidelines/
According to Pelosi this will be good for the recovery as it means that more unemployment checks will be circulated. This should definitely jump start our economy. /s
On the same page they are reporting that Americans are “confused” about Barry Hussein's religion. #GAG#
lol, never noticed him before.
But you’re not thinking about buying stocks and bonds with it, that’s your cash in the mattress. Kudlow’s talking about billions at a time on many Fortune 500 balance sheets.
On your graph, 2007 is the year the Democrats took over Congress and it is also the year that unemployment started to rise.
Only Congress has the constitutional authority to spend money, tax, and directly affect the economy.
This unemployment squarely falls on the shoulders of Congress, and a president in agreement with them only makes it worse. When Obama took over in 2008, the combination of a Dem Congress and a Dem President caused unemployment to skyrocket.
In MA, the health insurance plan that the whole country will soon have allows them to stay on their parents health insurance policies until they're 27!
“Unexpectedly, I unexpectedly unexpected this unexpected article to unexpectedly unexpect unexpected facts unexpectedly. “
You rock! What can you do with “unprecedented”?
Funny thing is that the market always factors future possibilities in to prices to the maximum extent possible. This means that the market may start rising if people become convinced that the GOP is actually going to take back some control over the government. This increase will be spun by the Dims as evidence that their policies are working.
Funny thing is that the market always factors future possibilities in to prices to the maximum extent possible. This means that the market may start rising if people become convinced that the GOP is actually going to take back some control over the government. This increase will be spun by the Dims as evidence that their policies are working.
I live in MA. They check our kids enrollment in college every semester. She doesn’t caRry a full course load she is off the insurance. You might want to check your sources on that one. (I will certainly recheck mine!)
DOW at -39 and dropping
500,000 again.
hope and change... lol
Understood, but I suspect my scale-back approach on the real estate side is similar to what many other investors are thinking about stocks, bonds, etc.
unexpected !
Drink!
Dow is down
-10
-20
-30
-40
-50
still dropping
Recovery Summer!!
(that Biden line will never get old)
“Welcome to the Recovery”
-Tim Geithner from the NY Times.
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