Comments on: It’s the Economy, Stupid!! http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/ Sun, 27 May 2012 09:27:00 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Sammie http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267306 Sammie Sat, 17 Oct 2009 02:03:46 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267306 http://www.nytimes.com/aponline/2009/10/16/business/AP-US-Bank-Closures.html?_r=1 99th Bank to be shut down .... http://www.nytimes.com/aponline/2009/10/16/business/AP-US-Bank-Closures.html?_r=1

99th Bank to be shut down ….

]]> By: Sammie http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267304 Sammie Sat, 17 Oct 2009 01:59:39 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267304 Some interesting and related links: http://market-ticker.org/archives/1514-Tying-It-Together-Massive,-Pernicious-Fraud.html http://www.msnbc.msn.com/id/31510813/ Ratigan Explains Goldman's Magic Trick http://www.zerohedge.com/article/max-keiser-jpmorgan-goldman-sachs-et-als-fraud Some interesting and related links:

http://market-ticker.org/archives/1514-Tying-It-Together-Massive,-Pernicious-Fraud.html

http://www.msnbc.msn.com/id/31510813/
Ratigan Explains Goldman’s Magic Trick

http://www.zerohedge.com/article/max-keiser-jpmorgan-goldman-sachs-et-als-fraud

]]> By: Archimedes http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267296 Archimedes Sat, 17 Oct 2009 01:21:00 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267296 Comment by felizarte | 2009-10-16 17:05:03 Wallstreet is deceiving everyone by making it look like the DOW has recovered. Actually, they simply removed Dow components like AIG, Citibank and others only the insiders know. Without this sleight of hand, the DOW wouldn’t look that rosy. They changed the baseline and doing a con job on everyone. This is October and the bottom might still fall out. While that is an interesting note, keep in mind that the Dow is quoted in DOLLARS! By that measure, without a single equity trade accuring the index would climb by way of require a greater quanity of dollars to purchase the same value. With that said, I would be curious to know the percentage of trading volume originating overseas. Gobbling up domestic firms built on sweat, blood and capital investment of a day day when "the almighty dollar" wasn't a punch line! The collapse of the dollar is also going to bite us in ways that are not even bing talked about, yet. When the inevitable hyper infaltion kicks in the price of what you purchase, like say, healthinsurance rises. How wlong till YOUR policy lands in the "Cadillac" bracket and you get wolloped for the aditional 40% tax? And enroute to a Weimar economy and the cost of labor correspondingly rises on slightly lagging commodities, watch how fast how many unsuspecting middle-classers fall into the $250K zone that were only meant for the rich. These are but a couple of examples of the catastrophically rude awkening coming down the pike. We are in deep, deep, shit friends. Comment by felizarte | 2009-10-16 17:05:03

Wallstreet is deceiving everyone by making it look like the DOW has recovered. Actually, they simply removed Dow components like AIG, Citibank and others only the insiders know. Without this sleight of hand, the DOW wouldn’t look that rosy. They changed the baseline and doing a con job on everyone. This is October and the bottom might still fall out.

While that is an interesting note, keep in mind that the Dow is quoted in DOLLARS! By that measure, without a single equity trade accuring the index would climb by way of require a greater quanity of dollars to purchase the same value.

With that said, I would be curious to know the percentage of trading volume originating overseas. Gobbling up domestic firms built on sweat, blood and capital investment of a day day when “the almighty dollar” wasn’t a punch line!

The collapse of the dollar is also going to bite us in ways that are not even bing talked about, yet. When the inevitable hyper infaltion kicks in the price of what you purchase, like say, healthinsurance rises. How wlong till YOUR policy lands in the “Cadillac” bracket and you get wolloped for the aditional 40% tax?

And enroute to a Weimar economy and the cost of labor correspondingly rises on slightly lagging commodities, watch how fast how many unsuspecting middle-classers fall into the $250K zone that were only meant for the rich.

These are but a couple of examples of the catastrophically rude awkening coming down the pike.

We are in deep, deep, shit friends.

]]> By: FrenchNail http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267286 FrenchNail Sat, 17 Oct 2009 00:42:51 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267286 When the SEC hires a 29 year old goldman sacks alumini as COO of its enforcement division, you KNOW the game is stacked against the American people. They really think we are stupid. That we have not figure out that they are depleted our wealth and betting against America. And when I say "They" I mean the Morgan Mafia and its bought and paid for Obama administration,Washington villagers and Congress. Do not tell me that there is no experienced mature man, a man with a conscience and morals and sense of right and wrong who could have been hired for the job. They want Boys that they can control and sacrifice in time, boys with no sense of patriotism, boys driven by greed and ambition. They are setting this country for destruction. They are criminals. When the SEC hires a 29 year old goldman sacks alumini as COO of its enforcement division, you KNOW the game is stacked against the American people.

They really think we are stupid. That we have not figure out that they are depleted our wealth and betting against America. And when I say “They” I mean the Morgan Mafia and its bought and paid for Obama administration,Washington villagers and Congress.

Do not tell me that there is no experienced mature man, a man with a conscience and morals and sense of right and wrong who could have been hired for the job.

They want Boys that they can control and sacrifice in time, boys with no sense of patriotism, boys driven by greed and ambition.

They are setting this country for destruction. They are criminals.

]]> By: ziggy http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267214 ziggy Fri, 16 Oct 2009 21:24:35 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267214 <em>"The American public is now responding in appropriate fashion. How so? In increasing numbers, they are choosing not to play the Wall Street game." </em> How can we confidently invest when the system is still infested with people who placed risky bets with our hard-earned money, and pocketed multi-millions themselves regardless of how the bets turned out? They've broken the faith of many Americans not only in investing as a rational and measured risk-taking process, but in the very future of the dollar itself. <strong>Risk-taking should be a matter of calculated betting on the success of a particular comprehensible business endeavor--not on whether the game and the casino itself are honest. </strong> “The American public is now responding in appropriate fashion. How so? In increasing numbers, they are choosing not to play the Wall Street game.”

How can we confidently invest when the system is still infested with people who placed risky bets with our hard-earned money, and pocketed multi-millions themselves regardless of how the bets turned out?

They’ve broken the faith of many Americans not only in investing as a rational and measured risk-taking process, but in the very future of the dollar itself.

Risk-taking should be a matter of calculated betting on the success of a particular comprehensible business endeavor–not on whether the game and the casino itself are honest.

]]> By: Diana L. C. http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267210 Diana L. C. Fri, 16 Oct 2009 21:16:33 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267210 I second this comment. I have no understanding of Wall Street, so I really appreciate your posts. I enjoy watching you on the rare occasions I am able to catch you on the tube. I second this comment. I have no understanding of Wall Street, so I really appreciate your posts. I enjoy watching you on the rare occasions I am able to catch you on the tube.

]]> By: beachnan http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267209 beachnan Fri, 16 Oct 2009 21:14:19 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267209 Thank you Larry. I had four clients in the last two weeks tell me that they had just lost their jobs. They lose their job, and then I lose them as a client. My husband is working in another state because of the lack of construction in our state. People have come in to my business and told me about filing for bankruptcy. I know of many people who have tried to work with their banks to adjust their mortgage, but most are getting the runaround. My daughter works for a bank as their small business officer for 10 of their branches, and she is very frustrated with the bank's unwillingness to give out loans. In order for a business to get a loan, they must prove that they really don't need it. Honestly, the banks are a joke, and no one is holding their feet to the fire. First we get Timmy Geitner, and now we get this smuck from Goldman Sachs. We need real reform, and we are not going to get it from this administration. They are a joke. Unfortunately, the joke is on us. Thank you Larry. I had four clients in the last two weeks tell me that they had just lost their jobs. They lose their job, and then I lose them as a client. My husband is working in another state because of the lack of construction in our state. People have come in to my business and told me about filing for bankruptcy. I know of many people who have tried to work with their banks to adjust their mortgage, but most are getting the runaround. My daughter works for a bank as their small business officer for 10 of their branches, and she is very frustrated with the bank’s unwillingness to give out loans. In order for a business to get a loan, they must prove that they really don’t need it. Honestly, the banks are a joke, and no one is holding their feet to the fire. First we get Timmy Geitner, and now we get this smuck from Goldman Sachs. We need real reform, and we are not going to get it from this administration. They are a joke. Unfortunately, the joke is on us.

]]> By: felizarte http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267206 felizarte Fri, 16 Oct 2009 21:05:03 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267206 Wallstreet is deceiving everyone by making it look like the DOW has recovered. Actually, they simply removed Dow components like AIG, Citibank and others only the insiders know. Without this sleight of hand, the DOW wouldn't look that rosy. They changed the baseline and doing a con job on everyone. This is October and the bottom might still fall out. Wallstreet is deceiving everyone by making it look like the DOW has recovered. Actually, they simply removed Dow components like AIG, Citibank and others only the insiders know. Without this sleight of hand, the DOW wouldn’t look that rosy. They changed the baseline and doing a con job on everyone. This is October and the bottom might still fall out.

]]> By: oowawa http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267202 oowawa Fri, 16 Oct 2009 20:52:53 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267202 Yes, Peggy Sue. When I look at how Goldman Sachs' tentacles reach out through government, I am reminded not only of Matt Taibbi's well-known expose in <em>Rolling Stone</em>, but also of Frank Norris's 1901 novel, <em>The Octopus</em>, which dramatizes the overwhelming power and control of railroads over the hapless individuals who happen to oppose their interests. God help those who might get in their way or bet against them. Yes, Peggy Sue. When I look at how Goldman Sachs’ tentacles reach out through government, I am reminded not only of Matt Taibbi’s well-known expose in Rolling Stone, but also of Frank Norris’s 1901 novel, The Octopus, which dramatizes the overwhelming power and control of railroads over the hapless individuals who happen to oppose their interests. God help those who might get in their way or bet against them.

]]> By: oowawa http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267199 oowawa Fri, 16 Oct 2009 20:42:02 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267199 HaHa. As someone commented on Market Watch: "At least he'll know exactly where not to look . . . " HaHa. As someone commented on Market Watch: “At least he’ll know exactly where not to look . . . “

]]> By: Peggy Sue http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267198 Peggy Sue Fri, 16 Oct 2009 20:31:23 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267198 Perfect, oowawa! If we thought the "regulatory reform" was a joke to begin with, this seals the deal. I think it's a mark of how little regard these firms and agencies have for the public's growing disgust with business as usual. I still believe a reckoning is coming. The grab-your-children-and-hold-your-hats kind. Thanks for the continuing updates, Larry. I go for #1, worst case scenario. There's limit to incompetency. This smells like outright fraud and corruption in DC and Wall St. with more dirty hands than not in the corridors of power. It's pretty sickening. Perfect, oowawa! If we thought the “regulatory reform” was a joke to begin with, this seals the deal. I think it’s a mark of how little regard these firms and agencies have for the public’s growing disgust with business as usual.

I still believe a reckoning is coming. The grab-your-children-and-hold-your-hats kind.

Thanks for the continuing updates, Larry. I go for #1, worst case scenario. There’s limit to incompetency. This smells like outright fraud and corruption in DC and Wall St. with more dirty hands than not in the corridors of power. It’s pretty sickening.

]]> By: graywolf http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267196 graywolf Fri, 16 Oct 2009 20:17:24 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267196 Obama got 52% of the vote. What did the dopey voters think would happen? Hope and change? Duhh... Life is tough. It's tougher when you're stupid. Obama got 52% of the vote.
What did the dopey voters think would happen?
Hope and change?
Duhh…
Life is tough.
It’s tougher when you’re stupid.

]]> By: ImaLlindatoo http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267194 ImaLlindatoo Fri, 16 Oct 2009 20:02:21 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267194 OMG, just amazing. Now they aren't even trying to hide it. OMG, just amazing. Now they aren’t even trying to hide it.

]]> By: Hillary or Bust http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267193 Hillary or Bust Fri, 16 Oct 2009 20:02:02 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267193 I'm sorry, this is off-topic, but it would be great if NQ covered the protests today and tomorrow calling the media out on ignoring the 9/12 rally in DC. It reminds me of how the media covered for Obama in the election, and the media ignored the caucus fraud against Hillary. http://www.operationcanyouhearusnow.com I’m sorry, this is off-topic, but it would be great if NQ covered the protests today and tomorrow calling the media out on ignoring the 9/12 rally in DC. It reminds me of how the media covered for Obama in the election, and the media ignored the caucus fraud against Hillary.

http://www.operationcanyouhearusnow.com

]]> By: oowawa http://www.noquarterusa.net/blog/34894/its-the-economy-stupid/#comment-1267189 oowawa Fri, 16 Oct 2009 19:41:09 +0000 http://www.noquarterusa.net/blog/?p=34894#comment-1267189 Fox guarding the henhouse dept: <blockquote>"SEC Taps Goldman Sachs Executive as COO of Enforcement Division" The U.S. Securities and Exchange Commission tapped Goldman Sachs executive Adam Storch on Friday to serve as the agency's first-ever chief operating officer of the enforcement division.</blockquote> http://online.wsj.com/article/BT-CO-20091016-710808.html Fox guarding the henhouse dept:

“SEC Taps Goldman Sachs Executive as COO of Enforcement Division”

The U.S. Securities and Exchange Commission tapped Goldman Sachs executive Adam Storch on Friday to serve as the agency’s first-ever chief operating officer of the enforcement division.

http://online.wsj.com/article/BT-CO-20091016-710808.html

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