Comments on: Economic/Market Highlights 11/17

By: csuzeq

csuzeq — Tue, 18 Nov 2008 16:20:23 +0000

Sorry. I am pretty sure he purchased 8 years. The media has always said 8 years for Obama. The fix is in, so settle in for 8 long years.

By: csuzeq

csuzeq — Tue, 18 Nov 2008 16:18:53 +0000

The media already had Chris Mancrush tell us that they will make him look good because America needs a successful Presidency. No one will spin anything negatively. To me that is not a good way to start a Presidency, by announcing that he can get a free pass on everything and all will look the other way when it’s bad.

I, too, have dreamed of the day when the dems were back in the house. I had hoped for Hillary of course. Now I see no difference in who gets in there because it is all corruption, corruption, corruption. There is the Government, who will all be saved no matter if it is from terrorists or financially, and then there are us people. We will be fending for ourselves. There is no one on our side. Everyone realizes that, right?

By: csuzeq

csuzeq — Tue, 18 Nov 2008 16:13:57 +0000

Hillary likes playing politics. That was clearly evident when she stuck her nose up Barfy’s ass.

She can serve the country she spit on now and be a good girl. That’s how she plays.

To me now Hillary is just another politician. She is on the same level as Odrama, just maybe not as corrupt…yet.

By: I'm a Linda too

I'm a Linda too — Tue, 18 Nov 2008 15:41:51 +0000

AND, don’t you find it curious that Barry O-shit! is using the same talking points and phrases for an AUTO bailout?

mmmhmm And you know how Barry likes those cute phrases, because that’s all he has. “Bridge loan”, “just not a bridge loan to no where”

By: LD

LD — Tue, 18 Nov 2008 14:14:08 +0000

PPI dropped 2.8% vs an expected drop of 1.8%. Big news….but even bigger IMO is the fact that the core PPI (which excludes food and energy) increased .4 vs an expected increase of .1

I really think inflation is going to be a much bigger problem down the road…

By: Cubs in 09

Cubs in 09 — Tue, 18 Nov 2008 13:20:45 +0000

By CNNMoney.com staff
Last Updated: November 18, 2008: 7:35 AM ET

Deflation: At 8:30 a.m. ET, the Labor Department is scheduled to release its monthly Producer Price Index, which measures the price of goods at the wholesale level.

Prices are expected to decrease by 1.8% in October, according to a consensus of economist projections from Briefing.com, after declining 0.4% in September.

By: Snickers

Snickers — Tue, 18 Nov 2008 08:26:19 +0000

We don’t have as many steel plants in the U.S. Many aluminum companies are shut down and idle, much of the non-ferous industry is also down – way down. Perhaps Seattle has those manufacturing plants – Oregon has some as well, but the large industries, the ones that manufactured our infrastructure needs, many of those are gone. Don’t believe me; go visit some of those former steel towns. Or some of the sites where Reynolds used to be or Martin Marietta or I could go on and on. I worked for a large union – we lost 600,000 members who were not able to get comparable jobs in the service sectors. This was, I admit 20 years ago, but I doubt those jobs have come back the way they were. So while yes, there are manufacturing jobs and smaller steel rolling mills, the large mills which provided thousands of jobs and supported whole towns or more are gone. Just like in many other sectors. In FDR’s time we had large industries providing jobs, now, it looks like we might even lose the many jobs in the auto industry. I don’t have any answers, but I think Obama has even fewer than I might have.

By: Snickers

Snickers — Tue, 18 Nov 2008 08:14:12 +0000

I am also not so naive about the politicians these days – all of them.
As for the congressional recess in August before they acted on the energy problems, I was outraged they even went on recess with our country in such a fix. This has been a “historic” election year which has opened my eyes to things I used to not notice.

By: Snickers

Snickers — Tue, 18 Nov 2008 07:52:33 +0000

LD, thank you for your article. I am learning so much about economics and what’s going on in this economic catastrophe because of you. I always look forward to reading your great stories.
To Indypol: I agree with you. Run, Hillary run away from The One.

By: Northwest rain

Northwest rain — Tue, 18 Nov 2008 07:39:27 +0000

Last Month I was in a sailboat in the Straight of Juan de Fuca. This is where International shipping arrives and then heads for Canada or US ports.

We saw lots of shipping traffic on the Canadian side — but zero ships loaded with shipping containers. This is the first time in over a decade of sailing in the WA state waters where we saw NO shipping containers, even on a short day sail we’d see huge ships heading into Seattle.

I don’t know what the lead time is for a huge cargo ship –loaded with shipping containers. To me this indicates a very deep slow down.

Perhaps the huge freighters will start arriving for the expected holiday buying season? Costco is already supplied with Christmas junk — so I sort of think that most of the Christmas supplies are already here.

Could it be that if America isn’t (can’t) buy Chinese stuff — then why loan Uncle Sam money??

By: warehouse553

warehouse553 — Tue, 18 Nov 2008 07:17:43 +0000

The republicans will never allow a strong general election candidate to win their primary. Susan Collins got more votes in Maine than Obama. Olympia Snowe, the most popular moderate republican in the country, would crush Obama. Even Kay Bailey Hutichison could beat Obama but the GOP actually considers her too liberal.

Maybe Lieberman could become a republican and challenge Obama. He’s a centrist moderate but he’s pro choice so its unlikely that he could win a Republican Primary.

Jeb Bush is popular and smart but the name Bush is tarnished!

I just don’t know! The only hope for this country is for Republicans to move to the center and I don’t believe they’ll do it.

By: AF catfish

AF catfish — Tue, 18 Nov 2008 06:54:19 +0000

The other subtle story that I see in today’s news is the sense that Bush and team are very clearly telling the Dems and Obama, “if you’re so smart, then be our guest and figure it out”.

Oh I can believe that. Makes sense. Makes a lot of sense.

By: TeakWoodKite

TeakWoodKite — Tue, 18 Nov 2008 06:26:21 +0000

The cold reality of an economic winter sets in.

Wilbur: Congratulations! How many are there?
Goose: There are seven.
Charlotte: Seven is a lucky number.
Goose: Luck has nothing to do with it! It was good management and hard work.
Templeton: [looking at a solitary unhatched egg] Why didn’t, uh, this one hatch?
Goose: [gloomily] It’s a dud, I guess.
Templeton: What are you going to do with it?
Goose: [sternly] You can have it! Throw it away and add it to that nasty collection of yours! Be careful – a rotten egg can be a regular stink bomb!
Templeton: [patting the egg] I know what I’m doing. I handle stuff like this all the time.
[Templeton rolls the egg away]

By: tampagurl

tampagurl — Tue, 18 Nov 2008 06:21:52 +0000

Hey thanks Seattle, I bookmarked that site. I’ll check it out tomorrow.

By: tampagurl

tampagurl — Tue, 18 Nov 2008 06:18:08 +0000

We’ll have to keep our eye on Obama. I think he will be careful his first term because he will want to get reelected.

So we must try and stop him from having a second term. I hope the Repubs find someone that can beat him by then.