Interesting quote from Jonathan Weil on Bloomberg:
"When the government let Lehman Brothers Holdings Inc. die, there at least was the sense, for a day or so, that somebody very large wasn't too big to fail. Today we understand better: The government is picking winners and losers....
So, for the time being, the clearest path to making money in the public markets is to know in advance what the government plans to do next with which companies, and when -- and then trade on it. Let there be no doubt: Plenty of people with access to such inside information are enriching themselves this way now."
That 8.2 is probably just the froth. You know, real estate agents, mortgage brokers. Now we starting chewing on whatever meat is let on the American employment bone.
Real short-term interest rates were reduced around the world, following a nearly decade long secular decline in inflation rates, a slowdown in growth at the turn of this decade and subsequent deflation. As central banks raised their policy rates when the outlook improved and deflation risks had dissipated, both real and nominal long-term interest rates remained anomalously low.
Global savings appeared to rise faster than did perceived real investment opportunities, and this development helped to push down real long-term interest rates around the world. At the same time, many emerging market economies built up very large levels of official reserves to reduce external vulnerability and to hold the value of their currencies stable against the dollar. The exchange rate policies in these economieseconomies that together accounted for a increasing share of global GDPmade overall global financial conditions more accommodative, even as the United States and other countries tightened their monetary policies.
Expected and realized volatility in both debt and equity markets were remarkably low for most of the last half a decade. Term premiums declined and remained low over much of this period. Credit spreads across a wide range of asset classes fell to levels that assumed unusually low levels of future losses. In the United States, credit, and mortgage credit in particular, expanded relative to GDP. Many householdsincluding those previously lacking access to credit or with access only to expensive creditfound they could borrow on a significant scale to finance the purchase of a home and other expenses. Prices rose across a range of real and financial assets, most notably the prices of homes.
about 2 months ago i had predicted under a different nome de plume that BO was picking someone at FED but I was led to believe it would be
Indra K. Nooyi, Chairman and Chief Executive Officer
PepsiCo, Inc.
apparently i hit the tree....
California is breaking up in mid-air and we may not make it to the crash site. $38b deficit over the next 19 months. Unemployment 8.2% (scratches self behind ears, wags tail) and this is just the start. Because of years of single party governance we are uniquely exposed to a tax structure dependent upon wealth generation and sales taxes. Yesterday it was revealed that municipalities will be shortchanged their usual vehicle registration tax portion. For many cities this is 1-2% of their budget.
geithner ? Good. Obama is working to continue the looting since he's picking one of the guys that conducted the inside job on American taxpayers by looking the other way right in front of his eyes during the credit orgy.
call me sarcastic, but change we can believe in seems more like Hillary met with BO and said, pick my cabinet and pick me and we will let you play in this "reign" "dear" game...
I think I'll go whip up some repetitive electronic beats so the kids have something to blast out of their Land Rovers while cruising the beach streets.
And by kids I mean 37 year olds wearing untucked dress shirts with dragon applique.
Rob Dawg(Unrated) writes:
California is breaking up in mid-air and we may not make it to the crash site. $38b deficit over the next 19 months. Unemployment 8.2% (scratches self behind ears, wags tail) and this is just the start. Because of years of single party governance we are uniquely exposed to a tax structure dependent upon wealth generation and sales taxes. Yesterday it was revealed that municipalities will be shortchanged their usual vehicle registration tax portion. For many cities this is 1-2% of their budget.
Rob Dawg | Homepage | 11.21.08 - 3:25 pm | #
So what happens Dawg - I've only seen something like this once [farm crisis in midwest] where everything imploded simultaneously... and those were much smaller states by almost every measure.
Effects are still felt from that mid-80s disaster.
"Keidanren, Japan's biggest business organization, is worried the nation's workers aren't having enough sex."
Ba dum dum.
The group urged its 1,632 member companies to start so- called family weeks that give employees more time for playing with the kids and having more children to reverse a declining birth rate. A survey by Japan's Family Planning Association of about 3,000 married people under age 49 shows couples are having less sex because long work days leave them with too little energy.
In a country where people over 65 will outnumber children two-to-one in five years, companies say they eventually won't have enough workers. Japan's birth rate has been falling since 1972 and threatens to shrink the labor force 16 percent by 2030 from 66.6 million workers in 2006, according to the health ministry.
You must go home early,'' Nippon Oil Corp. President Shinji Nishio told staff in a speech for the company's two-week family campaign, which ends Nov. 22.The dwindling birthrate and the aging population, along with the responsibility of educating the next generation -- these aren't just somebody else's problem. We expect all workers' active participation.''
Japan has a serious demographic problem...the question is how long it will take them to reverse the effects of low birth rates. Or whether they ever will...
Japan has a serious demographic problem...the question is how long it will take them to reverse the effects of low birth rates. Or whether they ever will...
Kinda like a unicorn (maine) rectangle with two bull penises (florida and texas) but really just look at a map its below canada and above mexico..suprised you've never seen us before , most have heard of us...
The numbers coming out of the CA Legislative Analyst Office are...discouraging.
It was only this past summer that the big news in CA was the budget stalemate in the state legislature.
They solved it by cobbling together some creative financing tricks that made the budget appear to work, but that everyone knew was an untenable solution for anything more than passing the problem on to the next year.
Now all of the projections on which spending plans were built are blowing apart from lost tax revenue.
Scrambling has ensued. Some ideas I've heard show that those in charge are still operating with old assumptions. E.g. reducing the number of left-turn arrow signal installations to reduce spending.
What the current budget problem requires is not such trifles but instead a restructuring of the very mechanisms through which governments are funded.
Reducing the reliance on predictive models would also help.
Another rimshot quote from the same Bloomberg story:
"Japanese couples are giving up on sex, according to the report, which will be submitted to the Ministry of Health and Welfare next year.
Of the married couples surveyed in 2008, 36.5 percent hadn't had sex in the previous month, up from 34.6 percent in 2006 and 31.9 percent in 2004, Kitamura said. The couples complained they were too tired from their jobs, or that sex is ``boring.''
The advice for sexless couples is to spend more time together,'' Kitamura said.Just being around, even watching TV in the same room, would be a good start.''
If your people give up on this, your country seems doomed to me.
I was out to CA not too long ago. It is like running into your old HS sweetie. Who loved choclate even back then. Time has not been kind to her.
Psychic spies from China
Try to steal your mind's elation
Little girls from Sweden
Dream of silver screen quotations
And if you want these kind of dreams
It's Californication
It's the edge of the world
And all of western civilization
The sun may rise in the East
At least it settles in the final location
It's understood that Hollywood
sells Californicatio
So what happens Dawg - I've only seen something like this once [farm crisis in midwest] where everything imploded simultaneously... and those were much smaller states by almost every measure.
Effects are still felt from that mid-80s disaster.
What is going to happen out there?
dryfly
The only path I see at this point is going to be a real crapshoot; October 17, 1975.
"Except for Utah and Idaho. Where skin cancer is not just a god given right - it is a way of life."
As a Utah native, I take exception to this uninformed comment. As a matter of fact, interracial marriage in these states is quite common relative to the rest of the US; and the current demographic profile is an artifact of historical religious persecution.
Biotech cuts aren't going to help California's employment situation. And the alternative energy industry will also suffer, unless the government gives it some healthy subsidies (as it should). Both have been contributors to any employment growth seen in recent years, especially in the Bay Area, if I'm not mistaken...
From the WSJ$: Unprecedented' Biotech Bankruptcies Erupt Amid Finance Crisis Nov. 21 (Bloomberg) -- The global economic crisis has cut funding for biotechnology companies to the lowest level in a decade, triggering bankruptcies and threatening development of drugs based on biomedical breakthroughs.
In the past month, at least five biotechnology businesses have sought bankruptcy protection, according to company news releases, and others may be heading toward a similar fate....
Cobra, that was the date Mayor Beame stood up to the teachers union and kept NYC out of default. California has two problems, well 4 but we'll just look at the 2 CR relevant ones. We need to stand up to the powerful employees unions and force a new compact and we need to rein in spending.
s a matter of fact, interracial marriage in these states is quite common relative to the rest of the US; and the current demographic profile is an artifact of historical religious persecution.
Kung Fu Panda | Homepage | 11.21.08 -
It's just getting started...it will be over 10% in 6 months, easy, and that's not counting all of the illegal aliens either (plus the ones from CA in Federal prisons).
Broward Horne writes:
One problem with the "Oct 1975" model is that it took place during the upswing of the credit cycle.
Yup. California is a more perfect storm. And the size. The size alone has got to have D.C. quaking. Then there are the constitutional issues. Those go on and on. Not just the Federal Constitution but the State as well. Lawyers are going to be waving mutually contradictory controlling documents and all we have is 11th Circuit liberal idiots to split the baby.
It gets interesting when the bond vigilantes come out...
No more run away spending. - Cobradriver
View is a little different from the California coast, methinks. Sure the job boards look empty and the numbers from Sacramento look bad but life is still pretty darn sweet here in sunny San Diego ;-P
Unemployment is always about a percentage point higher in Fresno. Now maybe I will be able to afford to live again in CA when I retire in 3 years (assuming the state hasn't fallen off a cliff or into the ocean)
I second Nemo ( 11.21.08 - 3:05 pm) They can all go work for the state. I guess we need 10% unemployment so the idiotic voters in California will (1) have a computer draw the federal and state election districts and put away once and for all the gerrymandering. How can the politicians select their voters? Shouldn't it be the other way around? Oh wait, we live in a socialist paradise... (2) elect politicians who believe (not enough) and practice free market economics.
Unemployment = Foreclosure = Eviction = More Instability for the Economy.
Millions of families are facing foreclosure and eviction.
How about a plan that has no bailouts for banks and borrowers, allows foreclosures but suspends evictions, forces lenders and borrowers to keep their problems to themselves by mandating a 30y, 40y, or 50y Fixed market rate Refinance, and let's stop paying the banks to foreclose and evict.
This will not solve all the problems, but it will provide stability, loss mitigation, and most importantly the losses will be borne by the parties responsible - the lenders and the borrowers, and will not be foisted upon the taxpayer.
Right now lenders are refusing to work-out problem loans at current market rates - the chance of free money now instead of a 30-50 year commitment actually incentivizes the foreclosures.
We need to make sure that borrowers and Banks have every opportunity to work this out amongst themselves - even if it means a borrower is underwater in their mortgage for 20 years, even if the bank has to shave some principle to make the deal work.
Make them both pay where possible, and don't let them all off the hook with any bailouts.
No worries they can just go work for the state.
1st?
Tim Geithner @ Treasury
Jim
Weather is real nice today, though.
Woohoo! Geithner for Treasury Sec. Change you can count on!
The Governor's job should open up soon.
The state is broke. Oh, wait, there is the TARP.....
All the Whos in Whoville...
CR - are you in that 8.2%?
Fiiierst
At least they'll have people to pick the crops for awhile.
Thankfully the winters are not too bad in California.
Re: Geithner as Treasury Secretary
Shee-it, Negro, that's all you had to say!
Rally o
i believe some of the inland counties in southern california have double digit unemployment rates.
Ford is gonna be a bank now?
When will GM be approved?
"It is grim here in California ..."
It is never grim until you see the reaper. It is only uncomfortable and uneasy and unpleasant and unwanted, but not grim.
SoCal Suck:
1) No job.
2) No money.
3) No purchases.
4) No products to talk about with friends and neighbors.
5) No conversations.
Let's all pray for a new diet craze to sweep the nation.
Hopefully Geithner is as adept with the shovel as hank
Let's all pray for a new diet craze to sweep the nation.
Hickory dirt rubbed squirrel
Let's all pray for a new diet craze to sweep the nation.
Beans and squirrel?
Geithner's on board of NY Fed alongside... wait for it... Jamie Dimon...
spike with potential on the Dow, the market may be ope
Time for the last hour rally
market likes the idea of TG as treasury sec
of course they do
its perfect for the banksters
Ok, the market is a racecar that's been running full throttle all day in neutral. Which way it's finally going to engage is anyone's guess.
Nemo for Humour Secretary!
Gallows humour but makes the step up to the stump or hanging knot just a lil easier.
General Motors to Invest $1 Billion in Brazil Operations -- Money to Come from U.S. Rescue Program
Latin American Herald Tribune - General Motors to Invest $1 Billion in Brazil Operations
Yup you lose America....Part v the screwing continues.
Send this to your Congress person....I am sure they will take interest in it....or will they?
Did we just go from -20 to +170 on the DOW in 5 minutes?? This is absolutley insane...
and we will go much higher now
this is SecTreas rally
Timothy Geithner isn't an economist, which sucks, didn't do anything to keep us from getting into this mess. could be worse, but i'm not hopeful.
Mykill - it's been doing that all day long. Day trader's market.
Interesting quote from Jonathan Weil on Bloomberg:
"When the government let Lehman Brothers Holdings Inc. die, there at least was the sense, for a day or so, that somebody very large wasn't too big to fail. Today we understand better: The government is picking winners and losers....
So, for the time being, the clearest path to making money in the public markets is to know in advance what the government plans to do next with which companies, and when -- and then trade on it. Let there be no doubt: Plenty of people with access to such inside information are enriching themselves this way now."
Goldman, GE, GM Invite Us to Play a Rigged Game: Jonathan Weil - Bloomberg.com
This rally is starting to bore me. May hit the sell button soon or just go in monster rally mode.
@Serf AG,
Bernanke is an economist and we're still in this mess.
So, CA is what? The 6th largest GDP if it was a country? A huge part of American GDP? Think CA is important for retailers?
8.2%, Government statistics.... that means it's a helluva lot higher than that!
re: J. Weil above
no, no, tell me it isn't so
Short pop. I guess the market wanted a vote a confidence, back to trading. Light volume. Looking for +300 or -400
God,
Hit the sell button. I've shorted 865,000,000 shares of C today and I'd like to get paid.
Did we just go from -20 to +170 on the DOW in 5 minutes?? This is absolutley insane...
You must be new here.
Rhode Island and Michigan hit 9.3%! Ouch!!!
Bernanke is an economist and we're still in this mess.
Anonymous | 11.21.08 - 3:15 pm | #
good point, guess i would have only been happy with someone from the Austrian school.
What's the real Unemployment Rate?
I believe there are more piegons in California than squirrels.
That 8.2 is probably just the froth. You know, real estate agents, mortgage brokers. Now we starting chewing on whatever meat is let on the American employment bone.
reached the day's high and looking a little ragged
Don't worry though...the budget hole will be filled by raising taxes!
I know...counterintuitive.
@s_puttnick writes:
"SoCal Suck:
1) No job.
2) No money.
3) No purchases.
4) No products to talk about with friends and neighbors.
5) No conversations.
Let's all pray for a new diet craze to sweep the nation."
How about using your brain and starting a blog, or learning something new? Stop consuming products or other people's ideas, try to generate some.
How is this possible?
California has a "diversified economy" of house flipping, boob jobs,
and illegal immigration!
"I believe there are more piegons in California than squirrels.
craigslist"
I heard that seagull is good BBQ'd.
Up 10% today a possibility. Look out.
Redfish Mark(Unrated) writes:
Rhode Island and Michigan hit 9.3%! Ouch!!!
Redfish Mark | Homepage | 11.21.08 - 3:17 pm | #
I get Michigan - whatssup with 'Road Island'?
I heard that seagull is good BBQ'd.
Elvis
Too fishy. Try guillimots. Very tasty.
the nominee for Treasury Secretary will be NY Fed President Tim Geithner
Geithner likely to be Treasury Secretary - First Read - msnbc.com
okay, now we're talking
it's time to put the schmucks out of the money
And off we go. Thats right, Geithner is the key to everything.
Looking at the Dow components and volume per component, I have no idea why the DOW is 240 up now
My gut is this rally will crash by 4
.
"Hickory dirt rubbed squirrel"
Stewed in its own juices no less.
.
Elvis writes:
I heard that seagull is good BBQ'd.
It is stringy as hell like undercooked chicken. Yuck!!!
God,
I hate you.
Well, my hopes for someone completely removed from the Axis of Casino Capitalism have been dashed.
But at least he's not Goldman Sachs alum.
Geithner? Follow JPM and GS. Buy gold. Watch them freeze out America on natural gas. Cash and gold.
The Current Financial Challenges: Policy and Regulatory Implications - Federal Reserve Bank of New York
Geithner speech...
Real short-term interest rates were reduced around the world, following a nearly decade long secular decline in inflation rates, a slowdown in growth at the turn of this decade and subsequent deflation. As central banks raised their policy rates when the outlook improved and deflation risks had dissipated, both real and nominal long-term interest rates remained anomalously low.
Global savings appeared to rise faster than did perceived real investment opportunities, and this development helped to push down real long-term interest rates around the world. At the same time, many emerging market economies built up very large levels of official reserves to reduce external vulnerability and to hold the value of their currencies stable against the dollar. The exchange rate policies in these economieseconomies that together accounted for a increasing share of global GDPmade overall global financial conditions more accommodative, even as the United States and other countries tightened their monetary policies.
Expected and realized volatility in both debt and equity markets were remarkably low for most of the last half a decade. Term premiums declined and remained low over much of this period. Credit spreads across a wide range of asset classes fell to levels that assumed unusually low levels of future losses. In the United States, credit, and mortgage credit in particular, expanded relative to GDP. Many householdsincluding those previously lacking access to credit or with access only to expensive creditfound they could borrow on a significant scale to finance the purchase of a home and other expenses. Prices rose across a range of real and financial assets, most notably the prices of homes.
I heard that seagull is good BBQ'd.
Elvis, not even the French can make gulls palatable.
Satan,
I didnt know you were short! I'll start selling. Sorry. I'll have us down by the end of the day.
Like Geitner can help. Such silliness.
about 2 months ago i had predicted under a different nome de plume that BO was picking someone at FED but I was led to believe it would be
Indra K. Nooyi, Chairman and Chief Executive Officer
PepsiCo, Inc.
apparently i hit the tree....
California is breaking up in mid-air and we may not make it to the crash site. $38b deficit over the next 19 months. Unemployment 8.2% (scratches self behind ears, wags tail) and this is just the start. Because of years of single party governance we are uniquely exposed to a tax structure dependent upon wealth generation and sales taxes. Yesterday it was revealed that municipalities will be shortchanged their usual vehicle registration tax portion. For many cities this is 1-2% of their budget.
geithner ? Good. Obama is working to continue the looting since he's picking one of the guys that conducted the inside job on American taxpayers by looking the other way right in front of his eyes during the credit orgy.
Pathetic.
YEN is tired going to 97 rally 8% today.
I said this last night.
Discuss amongst you boys.
he can help the banks
after all, he's a fed guy
remember - the fed is really a private bank, so now the banks can be sure they will get all of the money
so once again, childrem remember who controls this country
it is the banks
Interesting to note that t-bond reaction is virtually nil.
Do not turn into a bunch of cranky old men, peeps.
We are overdue a massive rebound rally; triggers are arbitrary.
Ain't never been a 52% decline without a gigantic countertrend rally even into the teeth of a Depression.
Check out 1874.
realize that a countertred rally from 750 to 900 is 20% - pretty large
but then you realize s&p 900 was about a week ago...
no reason why we don;t trade in arange between 600-900 for the next 5-7 years...
The rise and fall of CA is a heartbreaker. It could have been an Italy - Instead we are going to end up with Puerto Rico.
call me sarcastic, but change we can believe in seems more like Hillary met with BO and said, pick my cabinet and pick me and we will let you play in this "reign" "dear" game...
jeesssss
Trance,
I think I'll go whip up some repetitive electronic beats so the kids have something to blast out of their Land Rovers while cruising the beach streets.
And by kids I mean 37 year olds wearing untucked dress shirts with dragon applique.
Rob Dawg(Unrated) writes:
California is breaking up in mid-air and we may not make it to the crash site. $38b deficit over the next 19 months. Unemployment 8.2% (scratches self behind ears, wags tail) and this is just the start. Because of years of single party governance we are uniquely exposed to a tax structure dependent upon wealth generation and sales taxes. Yesterday it was revealed that municipalities will be shortchanged their usual vehicle registration tax portion. For many cities this is 1-2% of their budget.
Rob Dawg | Homepage | 11.21.08 - 3:25 pm | #
So what happens Dawg - I've only seen something like this once [farm crisis in midwest] where everything imploded simultaneously... and those were much smaller states by almost every measure.
Effects are still felt from that mid-80s disaster.
What is going to happen out there?
karelian,
If we are overdue for a massive rebound rally, then we are extra-ginormously overdue for capitulative cascade sell off.
Provocative lead from Bloomberg:
"Keidanren, Japan's biggest business organization, is worried the nation's workers aren't having enough sex."
Ba dum dum.
The group urged its 1,632 member companies to start so- called family weeks that give employees more time for playing with the kids and having more children to reverse a declining birth rate. A survey by Japan's Family Planning Association of about 3,000 married people under age 49 shows couples are having less sex because long work days leave them with too little energy.
In a country where people over 65 will outnumber children two-to-one in five years, companies say they eventually won't have enough workers. Japan's birth rate has been falling since 1972 and threatens to shrink the labor force 16 percent by 2030 from 66.6 million workers in 2006, according to the health ministry.
You must go home early,'' Nippon Oil Corp. President Shinji Nishio told staff in a speech for the company's two-week family campaign, which ends Nov. 22.The dwindling birthrate and the aging population, along with the responsibility of educating the next generation -- these aren't just somebody else's problem. We expect all workers' active participation.''
Japan has a serious demographic problem...the question is how long it will take them to reverse the effects of low birth rates. Or whether they ever will...
karelian,
square of 9 says, 4 days low in a row before rally... within 12 days...
then rally up 2K points and then down ~4K
Also, why are these decisions being announced at Friday bad-news-dump-time? Odd.
Japan has a serious demographic problem...the question is how long it will take them to reverse the effects of low birth rates. Or whether they ever will...
Not serious...um cataclysmic may be closer.
Did someone say something about murdering a muppet with an inverted hammer?
... i must caveat that with ..when the moon is in the 7th house, and jupite aligns with mars...
RE: Japan
What does the US look like?
Ok, who is hoovering the financials
DOW and S&P in a rally?
Ha
Gold is up 6%
And Gold will love Geithner
What does the US look like?
Joe | 11.21.08 - 3:32 pm
Well Joe, looking pretty tan in the future.
Re: Japan's sex issue
"We expect all workers' active participation."
I wonder if I can say that to the hot co-worker next cubicle down?
Joe,
Kinda like a unicorn (maine) rectangle with two bull penises (florida and texas) but really just look at a map its below canada and above mexico..suprised you've never seen us before , most have heard of us...
Treasury Geithner
Change you can believe in...
Because did you really believe there would be change with PEOB
Now that's a futures pump!
Quote.com U.S. Markets - Futures Quotes and Charts - Chart for ES Z8
With Geithner, it will be four more years of this.
Cut short by the crash of the dollar, of course.
The numbers coming out of the CA Legislative Analyst Office are...discouraging.
It was only this past summer that the big news in CA was the budget stalemate in the state legislature.
They solved it by cobbling together some creative financing tricks that made the budget appear to work, but that everyone knew was an untenable solution for anything more than passing the problem on to the next year.
Now all of the projections on which spending plans were built are blowing apart from lost tax revenue.
Scrambling has ensued. Some ideas I've heard show that those in charge are still operating with old assumptions. E.g. reducing the number of left-turn arrow signal installations to reduce spending.
What the current budget problem requires is not such trifles but instead a restructuring of the very mechanisms through which governments are funded.
Reducing the reliance on predictive models would also help.
The US is in better shape due to the fact that immigrants have higher birthrates. But definitely tan, with dark hair.
thanks comrade dope, nice shot
changing isnt in the cards. never was never has been. never can be.
Change and Hope baby....yeah! Kool aid is running low, better go refill it because the Obama supporters are gonna be awful thirsty.
C gonna hit 1 billion shares today...
Mouthguard and neckbrace ordered for late day moonshot.
Love these rallies, great for more shorting opportunities.
The US is in better shape due to the fact that immigrants have higher birthrates. But definitely tan, with dark hair.
Except for Utah and Idaho. Where skin cancer is not just a god given right - it is a way of life.
From the AP story:
Geithner has helped current Treasury Secretary Hank Paulson and his team manage the ongoing Wall Street bailout.
Now that's the change we need...
as little change as we deserve
8 handle possible?
Geithner's best qualification. No GS history.
Understand the power of the YEN or deal with the consequences.
irreverent writes:
8 handle possible?
Sure
A-, his best qualification for 'change' is that, as head of the FRBNY, he has been running the PPT for many years, now.
He's 'better' than a GS alum.
The DJIA has formed an Elvis face today. Thank you...Thank you very much
Another rimshot quote from the same Bloomberg story:
"Japanese couples are giving up on sex, according to the report, which will be submitted to the Ministry of Health and Welfare next year.
Of the married couples surveyed in 2008, 36.5 percent hadn't had sex in the previous month, up from 34.6 percent in 2006 and 31.9 percent in 2004, Kitamura said. The couples complained they were too tired from their jobs, or that sex is ``boring.''
The advice for sexless couples is to spend more time together,'' Kitamura said.Just being around, even watching TV in the same room, would be a good start.''
If your people give up on this, your country seems doomed to me.
C is coming back to life! Love is in the air! We can do this America*
Anyone watching CNBC, I can only imagine the BS comments that must be spewing right about now.
+700 a real possibility.
Now only 6 of 30 DOW components red
YEN to 97 options expiration leads to 700-800 point rally. It is the only place for leverage.
brought to you by the ACME school of anthropomorpic techinical analysis
CNBC bobbleheads gushing, guests gushing, buy! buy! buy!
I needed some spice in my life. I was tired of getting screwed by the same old fed chairman.
What's a republic?
Of course it is mostly the undead components ie JPM, C, BAC, GM, HD
WE'RE GOING DOWNNNNNNNN
My dog just bit the neighbor's kid.
DOW 8000 here we come
I was out to CA not too long ago. It is like running into your old HS sweetie. Who loved choclate even back then. Time has not been kind to her.
Psychic spies from China
Try to steal your mind's elation
Little girls from Sweden
Dream of silver screen quotations
And if you want these kind of dreams
It's Californication
It's the edge of the world
And all of western civilization
The sun may rise in the East
At least it settles in the final location
It's understood that Hollywood
sells Californicatio
be kind of funny to see one of those final 15 minute cliff dives
ruh roh, fade the rally.
C'mon gravity! Pull back that moonshot!
That's the change that I'm hoping for, i-!
So what happens Dawg - I've only seen something like this once [farm crisis in midwest] where everything imploded simultaneously... and those were much smaller states by almost every measure.
Effects are still felt from that mid-80s disaster.
What is going to happen out there?
dryfly
The only path I see at this point is going to be a real crapshoot; October 17, 1975.
New thread alert.
615 Visitors
300 say up
300 say down
315 say: "This doesn't look like TheDrudgeReport"
New thread? We knew that. It is probably better that we don't do new thread announcements anymore. Let the conversations take their own path.
ova: Pony TimeSharing,
"Except for Utah and Idaho. Where skin cancer is not just a god given right - it is a way of life."
As a Utah native, I take exception to this uninformed comment. As a matter of fact, interracial marriage in these states is quite common relative to the rest of the US; and the current demographic profile is an artifact of historical religious persecution.
Rob Dawg | Homepage | 11.21.08 - 3:50
Rob,
I used google on the date you posted... Came up with this...
Event: Bee Gees Maurice Gibb weds Yvonne Spencely,
Somehow I have the feeling you weren't talking about that...
Chris
Biotech cuts aren't going to help California's employment situation. And the alternative energy industry will also suffer, unless the government gives it some healthy subsidies (as it should). Both have been contributors to any employment growth seen in recent years, especially in the Bay Area, if I'm not mistaken...
From the WSJ$:
Unprecedented' Biotech Bankruptcies Erupt Amid Finance Crisis
Nov. 21 (Bloomberg) -- The global economic crisis has cut funding for biotechnology companies to the lowest level in a decade, triggering bankruptcies and threatening development of drugs based on biomedical breakthroughs.
In the past month, at least five biotechnology businesses have sought bankruptcy protection, according to company news releases, and others may be heading toward a similar fate....
`Unprecedented' Biotech Bankruptcies Erupt Amid Finance Crisis - Bloomberg.com
Cobra, that was the date Mayor Beame stood up to the teachers union and kept NYC out of default. California has two problems, well 4 but we'll just look at the 2 CR relevant ones. We need to stand up to the powerful employees unions and force a new compact and we need to rein in spending.
s a matter of fact, interracial marriage in these states is quite common relative to the rest of the US; and the current demographic profile is an artifact of historical religious persecution.
Kung Fu Panda | Homepage | 11.21.08 -
Cousins don't count little bear
Oops. That Biotech article was From Bloomberg (not from WSJ$).
THe link is correct, anyways.
It's just getting started...it will be over 10% in 6 months, easy, and that's not counting all of the illegal aliens either (plus the ones from CA in Federal prisons).
Kung Fu Panda , by interracial you mean a Mormon and a non-Mormon?
One problem with the "Oct 1975" model is that it took place during the upswing of the credit cycle.
We are now well into the downswing.
"We need to stand up to the powerful employees unions and force a new compact and we need to rein in spending."
Rob Dawg | Homepage | 11.21.08 - 3:59
Rob,
Thanks. As a relative explained to me last weekend...It gets interesting when the bond vigilantes come out...
No more run away spending.
Chris
Broward Horne writes:
One problem with the "Oct 1975" model is that it took place during the upswing of the credit cycle.
Yup. California is a more perfect storm. And the size. The size alone has got to have D.C. quaking. Then there are the constitutional issues. Those go on and on. Not just the Federal Constitution but the State as well. Lawyers are going to be waving mutually contradictory controlling documents and all we have is 11th Circuit liberal idiots to split the baby.
It gets interesting when the bond vigilantes come out...
No more run away spending. - Cobradriver
Beach Boys; "It's spend spend spend 'til daddy takes the c-card awayyyy....."
Time to make the comments registration only.
That would require work, wouldn't be perfect and would still need supervision. What problems are you looking to solve?
View is a little different from the California coast, methinks. Sure the job boards look empty and the numbers from Sacramento look bad but life is still pretty darn sweet here in sunny San Diego ;-P
Rob Dawg,
Liberal 9th Circuit of Appeals controls California and Western states.
Brooklyn,
Yeah (dope slaps self). My fault for reading about the post earlier concerning 11th district cost of funds. You are correct. 9th Circuit.
Unemployment is always about a percentage point higher in Fresno. Now maybe I will be able to afford to live again in CA when I retire in 3 years (assuming the state hasn't fallen off a cliff or into the ocean)
I second Nemo ( 11.21.08 - 3:05 pm) They can all go work for the state. I guess we need 10% unemployment so the idiotic voters in California will (1) have a computer draw the federal and state election districts and put away once and for all the gerrymandering. How can the politicians select their voters? Shouldn't it be the other way around? Oh wait, we live in a socialist paradise... (2) elect politicians who believe (not enough) and practice free market economics.
P.S. I am glad dreaming is still legal.
See how much house you can buy with 3x income now.
«Imade overall global financial conditions more accommodative, even as the United States and other countries tightened their monetary policies.»
Geithner is so funny! Accusing Greenspan of having tightened policies is one of the more interesting pieces of fantasy around.
Unemployment = Foreclosure = Eviction = More Instability for the Economy.
Millions of families are facing foreclosure and eviction.
How about a plan that has no bailouts for banks and borrowers, allows foreclosures but suspends evictions, forces lenders and borrowers to keep their problems to themselves by mandating a 30y, 40y, or 50y Fixed market rate Refinance, and let's stop paying the banks to foreclose and evict.
A Foreclosure Solution so Simple it Would Work « Your Mortgage or Your Life…
This will not solve all the problems, but it will provide stability, loss mitigation, and most importantly the losses will be borne by the parties responsible - the lenders and the borrowers, and will not be foisted upon the taxpayer.
Right now lenders are refusing to work-out problem loans at current market rates - the chance of free money now instead of a 30-50 year commitment actually incentivizes the foreclosures.
A Hardship Letter to Countrywide – A Family on the Brink of Disaster « Your Mortgage or Your Life…
We need to make sure that borrowers and Banks have every opportunity to work this out amongst themselves - even if it means a borrower is underwater in their mortgage for 20 years, even if the bank has to shave some principle to make the deal work.
Make them both pay where possible, and don't let them all off the hook with any bailouts.
California has a decent amount of lower and middle class citizens. I found this really interesting:
"Obama motivates D.C. to initiate new lower and middle class bailout"
Obama's Taxpayer Bailout