Comments on: OPEN THREAD + Join Me Tonight at 8PM for NoQuarter Radio’s Sense on Cents with Larry Doyle http://www.noquarterusa.net/blog/2009/05/25/open-thread-join-me-tonight-at-8pm-for-noquarter-radios-sense-on-cents-with-larry-doyle/ Sat, 21 Nov 2009 23:50:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: NomNomNom http://www.noquarterusa.net/blog/2009/05/25/open-thread-join-me-tonight-at-8pm-for-noquarter-radios-sense-on-cents-with-larry-doyle/#comment-1211926 NomNomNom Sun, 31 May 2009 21:12:12 +0000 http://www.noquarterusa.net/blog/?p=25239#comment-1211926 OT: <strong>Looks like Penny Pritzker goes under the bus.</strong> :lol: http://www.bloomberg.com/apps/news?pid=20601109&sid=a6A3G.MZZqIw&refer=home OT:
Looks like Penny Pritzker goes under the bus. :lol:
http://www.bloomberg.com/apps/news?pid=20601109&sid=a6A3G.MZZqIw&refer=home

]]> By: KR http://www.noquarterusa.net/blog/2009/05/25/open-thread-join-me-tonight-at-8pm-for-noquarter-radios-sense-on-cents-with-larry-doyle/#comment-1211811 KR Sun, 31 May 2009 14:20:01 +0000 http://www.noquarterusa.net/blog/?p=25239#comment-1211811 Open thread: Has anyone heard much about Obama and Jerusalem? Seems he is giving the Palestinians a foothold and not supporting Israel. http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=99664 Anyone know more? Open thread:

Has anyone heard much about Obama and Jerusalem? Seems he is giving the Palestinians a foothold and not supporting Israel.

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=99664

Anyone know more?

]]> By: oldmediatype http://www.noquarterusa.net/blog/2009/05/25/open-thread-join-me-tonight-at-8pm-for-noquarter-radios-sense-on-cents-with-larry-doyle/#comment-1211794 oldmediatype Sun, 31 May 2009 13:17:09 +0000 http://www.noquarterusa.net/blog/?p=25239#comment-1211794 Good take, as usual. That’s my only comment but I do have questions. Whatever happened to those toxic assets that caused this calamity in the first place? Where are they? Have most of them been written off and no longer pose a threat to bank balance sheets? What about new toxic assets? You referenced rising residential loan default rates. In terms of scale, how do they compare to dollar amounts of toxic assets that triggered the financial crisis in the first place? We’ve heard that the stimulus money would immediately fund “shovel ready” jobs. But how many of the job losses involved shovels? Where do you see the future job growth coming from? While today’s unemployment rate is far lower than that of The Great Depression and there is now a safety net (FDIC insurance, unemployment Compensation, food stamps, etc) that didn’t exist back then, hasn’t the average person today taken a larger financial hit through the collapse of home prices and stock values? Looking around we don’t see the deprivation of The Great Depression but do you envision the current crisis causing enough semi-permanent psychic damage that would make people spend more cautiously in the future? And could that possibly slow the economic recovery? Autos and housing are two key elements of the economy. Typically the retail automobile business and everything connected to it account for 25% of retail sales. Right now sales are off 40% from their recent peak years. So, the car business is already in a depression. The housing collapse and its collateral damage on the sale of everything that goes into the purchase of a home — new furniture, carpeting, appliances, etc — continues to depress economic activity. What are the turnaround prospects for those two industries? Many small businesses are under capitalized and rely on credit cards for cash flow and expansion. As you know, credit is very tight now, credit card default rates are continuing to rise and the securitization industry that helped fuel credit growth is currently in a coma. While nobody expects the easy credit days to return, what kind of inhibiting effect on the economy do you see from the retrenchment in the availability of credit card lines for small business? Good take, as usual. That’s my only comment but I do have questions.

Whatever happened to those toxic assets that caused this calamity in the first place? Where are they? Have most of them been written off and no longer pose a threat to bank balance sheets?

What about new toxic assets? You referenced rising residential loan default rates. In terms of scale, how do they compare to dollar amounts of toxic assets that triggered the financial crisis in the first place?

We’ve heard that the stimulus money would immediately fund “shovel ready” jobs. But how many of the job losses involved shovels? Where do you see the future job growth coming from?

While today’s unemployment rate is far lower than that of The Great Depression and there is now a safety net (FDIC insurance, unemployment
Compensation, food stamps, etc) that didn’t exist back then, hasn’t the average person today taken a larger financial hit through the collapse of home prices and stock values? Looking around we don’t see the deprivation of The Great Depression but do you envision the current crisis causing enough semi-permanent psychic damage that would make people spend more cautiously in the future? And could that possibly slow the economic recovery?

Autos and housing are two key elements of the economy. Typically the retail automobile business and everything connected to it account for 25% of retail sales. Right now sales are off 40% from their recent peak years. So, the car business is already in a depression. The housing collapse and its collateral damage on the sale of everything that goes into the purchase of a home — new furniture, carpeting, appliances, etc — continues to depress economic activity. What are the turnaround prospects for those two industries?

Many small businesses are under capitalized and rely on credit cards for cash flow and expansion. As you know, credit is very tight now, credit card default rates are continuing to rise and the securitization industry that helped fuel credit growth is currently in a coma. While nobody expects the easy credit days to return, what kind of inhibiting effect on the economy do you see from the retrenchment in the availability of credit card lines for small business?

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