[im spencer]

[UltimateBMW]

Cool chart. Source?

[T-MC-G]

I don't like it.

[johnnymu]

you're not suppose to like it. Youre not suppose to read it. You're not suppose understand it. You just let goobermint rape you in the ass

[Bobby_Light]

Spending package.

[bmstyle71]

Man, at least he's doing something....anything. What did bush do...dodge a shoe? Nice?

[DougLikesBMW]

We fucking lost $30 Trillion, $819 Billion isn't going to do jack shit.

[E90330iS]

lol

[johnnymu]

These are projects that have been lobbied by democrats for years. You wonder why it never passed? There's a saying "never let an emergency go to waste". I hate when people compare Obama to Bush. Why live in the past? Speak up and ask for a real change. Not continuial acceptance of " at least it's better than nothing".

[johnnymu]

Originally Posted by DougLikesBMW

We fucking lost $30 Trillion, $819 Billion isn't going to do jack shit.

I like your attitude. lets use your numbers. Bush lost 30 trillion in 8 years and Obama lost 819 billion in one month so I hope you have the same attitude if that rate equates to 78.6 trillion 8 years from now.

[1013mm]

lost is not the right word, obama is SPENDING money which MIGHT bring back some sort of benefit. bush LOST money since the money he SPENT didnt do shit.

[johnnymu]

Read world news! See what Japanese economist think of all this

[im spencer]

Originally Posted by UltimateBMW

Cool chart. Source?

From the Washington Post:

http://www.washingtonpost.com/wp-dyn...020100154.html

[nusevad]

Originally Posted by Laszlo

It's over people.

This bailout is a joke... it's already underwater. We're on the hook for 64 trillion.

Citigroup - will be nationalized in less than two-weeks, I say announcement as early as Monday.

Bank of America - will be nationalized in less than two-weeks, I say group announcement on Monday.

Fannie/Freddie, 5 trillion in mortgages, God knows how much toxic, Asia and others will no longer buy debt without Gov. 100% guarantee. Game over.

90% of US deposits (on computer/paper) are with the top-5 US banks! Banks could only cover 10% if there's a run. Not hard to do when 2-more fold next week.

Must remember, during the Great Depression there were literally thousands of banks that went belly-up, but that was 1929-33 and there were no "super-banks!"...

Market confidence is completely shattered... it's gone. And will not recover.

Interbank lending - completely seizing... will end up freezing again by late next week.

US GDP -2.9% (we don't make anything anymore, we are a service, during the depression when we manufactured just about everything, GDP was just shy of -10%)
Japan GDP -12.5%
Taiwan GPD -8%
Ukraine GDP -30%

Western EU banks are about to completely collapse, thanks to Eastern Europe going into massive defaults... Ukraine and Russia are at the top of that list. The entire EU banking system could collapse within weeks.

And the list goes on and on and on...

Time to wake up and be smart.

well said.

I wouldnt be surprised if war or something starts within a few years. The sad part is that a full blown world war will help the economy recover.

[nusevad]

Hmmm that probably means a total collapse of the stock market as we know it, by that i mean all over the world, not just the U.S. Not good...time to short? hahah better make the money now while we still can.

[johnnymu]

Originally Posted by Laszlo

LOL! Maybe... I'm downright confused by the market right now. I mean, you can buy oil on Monday and sell on Thursday and make 10% every week... That doesn't seem right either, but it's happening. Rigged? Inside trading? Who knows...

Basically, people are bargain shopping. There's some fools that still think the market will turn itself soon, that's why you see company such as GOOG so high. That stock should be in the 100's.
No one is holding long, everyone is either shorting or day trading. If you have the time you can easily day trade anything on the market and make a few hundreds to a thousands in seconds. For example you can even make money off of GM, BOA, CITI.