I know alot of people have started using our bikes more. It keeps us in shape, and we actually get to observe the town a bit more, instead of racing by them all the time. It is a bit harder on the people who ride to work, since they have to change to a new set of cloths, and to try not to sweat over the coworkers in the meeting. Some of the towns have begin to install bike lanes in their streets as well.
This is the first same month year-over-year increase in miles driven (April 2009 compared to the April 2008) since November 2007.
Of course gasoline prices have increased sharply since April. The EIA reports that gasoline prices have increased from about $2.10 per gallon in April, to $2.70 per gallon in June - and that will probably impact miles driven.
Also gasoline was much more expensive in April 2008 than April 2009, so that probably made the YoY comparison for the month more favorable.
Back to their airstream in my area. They "move" every couple of days. they must get 6mpg on that old thing. Plus they need to recharge its batteries by running the motor. I say they use a tank every couple of weeks.
The Arkies and Okies that came to California during the dust bowl years, that grew roots in the Central Valley-brought the bible belt with them, which extends from Bakersfield to Stockton, or thereabouts. Hard Right.
Now imagine just the opposite happening, with Californians invading the bible belt back east?
Hey…happy motoring days are here again, when does this get claimed as a green shoot? Meanwhile, the U.S. Treasury market refuses to be subdued. This is the new Fed Conundrum.
June 18 (Bloomberg) -- Defense Secretary Robert Gates said he has ordered the U.S. military to take defensive measures should North Korea attempt to fire a ballistic missile toward Hawaii, even as officials express skepticism of the possibility.
Kim is just slapping around the new kid president. He campaigned on no back bone policy. We will now see the value of intimidation he threw away the little we had left.
I have a friend on the inside doing 10-20 in Tehachipi that's keeping me updated on the condition of *** ****. He's apparently in his cell financially sedated, with a propensity to sing B'BAD To The Bone over and over again during waking hours, but otherwise fine.
I will spin this as a green shoot: The vehicles being driven are getting a mile closer to the point at which they must be replaced with each mile driven. The demand for replacemnent vehicles will provide a sellling opportunity for New Chrysler and New GM. Recovery is on the way.
While an increase may be positive, without correlating road mileage with other transportation stats like domestic air miles, rail, and urban transit, such a small change is probably inconsequential. There's probably a bigger percentage change in miles walked and cycled.
June 18 (Reuters) - The U.S. Senate rejected on Thursday an attempt to strip a $1 billion program aimed at spurring flagging U.S. car sales from a pending $106 billion war funding bill.
Throughout history, there has never ever been much time differential from when the vanquished were defeated by superior weapons, till the time they themselves had the same weaponry.
Atlatl
Spear
Knife
Bow and Arrow
Longbows
Crossbows
Cannons
Guns
Machine Guns
Tanks
Airplanes
Rockets
Nuclear Weapons
Etc.
Cash for clunkers has lots of problems as well as some good ones. I should be cash for crushed clunkers or many peopleu will by the salvaged parts and keep other old ones going for decades. You should see all the 70,80, 90's trucks and SUVs here.
nemo, thanks for the link to Treasury, but that provision only applies to business related activities and products ("No person may use, in connection with, or as a part of, any advertisement, solicitation, business activity, or product, whether alone or with other words, letters, symbols, or emblems"). Additionally, the statute itself is fairly detailed as to what must be included in the product to be a violation. It'd be a tough sell to include these bonds into this particular provision.
I believe that 18 USC 472 would be the applicable provision: Whoever, with intent to defraud, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or with like intent brings into the United States or keeps in possession or conceals any falsely made, forged, counterfeited, or altered obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both.
A couple of issues:
1. Absent some type of international criminal treaty, the laws of the US are not extraterritorial, so under what authority would Italian law enforcement prosecute a US crime?
2. This particular statute requires that the counterfeiting be part, or at least be made with the intent of being part of, a transaction. So unless there is a legal presumption of distribution or defrauding (e.g. possession of narcotics of a certain weight), then simple possession is not enough for prosecution.
3. Finally, "obviously fake" is a term of art that has legal significance, 144 F.3d 287: the proper test to be applied is whether the fraudulent obligation bears such a likeness or resemblance to any of the genuine obligations or securities issued under the authority of the United States as is calculated to deceive an honest, sensible and unsuspecting person of ordinary observation and care when dealing with a person supposed to be upright and honest.
Under this test, it would appear that threshold for successful prosecution would be much higher for $134B than it would be for a $20 bill because of the difference in the nature of the transaction.
ben dover-
I don't know one person who has a clunker that will qualify. Plus it reeks in monthly payments, taxes, dmv fees, higher insurance...stinky stuff....
US is a big place an lots of fly over has bunches of them. The smart way to tax cars is the simple reverse the process of taxation. The older they get the higher the taxes. Makes sales better sales and jobs. Nope got to tax the hell out of the suppossed rich all the time.
there has never ever been much time differential from when the vanquished were defeated by superior weapons, till the time they themselves had the same weaponry.
Hm... did the Aztecs obtain steel? Did the Lakota Sioux ever manufacture cannon? When did the Zulu get the Maxim gun? And what of those extinct tribes that history has forgotten? The vanquished don't always prosper, let alone survive...
The original story in the Italian press made it clear that the bonds were considered to be fakes--they were talking about counterfeits from the first paragraph. Somehow that detail was left out of the US bloggers' summaries of the article.
But as long as you folks have your tin hats on, does anyone think it's significant that the only newspaper (well, aside from the local community paper that had it as part of a local crime report) that thought this worthy of a story is owned by Berlusconi?
You also need intent to defraud. If the fakes were intended as works of art or if the whole thing was an elaborate piece of comic street theater there's no violation...although in the US I think making a laughingstock of a customs agent would be considered an act of terror.
From the WTF Files:
The CIA is looking to hire the same investment bankers and financial gurus that many hold responsible for sinking the economy to help President Obama pick up the pieces -- and also catch a few millionaire terrorists.
The spy agency started advertising the jobs on Bloomberg Radio, hoping to recruit investment bankers, top analysts and hedge fund honchos to use their "intelligence for the work of a nation."
"The oil price drop has roughly cut in half the amount of goods Venezuela can afford to import, so the government has had to tighten currency controls even more and ration the dollars it supplies to travelers and importers in response, Finance Minister Ali Rodriguez said.
Just $4.9 billion was allotted for imports in the first quarter of the year -- 39 percent less than the same period last year, according to the Caracas consulting firm Ecoanalitica -- and the government is prioritizing dollars for food and medicines, while limiting those it provides for luxuries like liquor, cosmetics and designer clothing."
You think that stupid Leó Szilárd would have ever believed 70 years ago, when he urged Einstein to write a letter urging FDR to build a bomb, that our doom might be sealed 70 years later when a rogue nation that can't feed itself, ended up with his creation, in a world unable to stop them from using it?
Take back the trillions of $$$ given to the banks, who just sit on it and make it totally ineffective then start government incentive to create realistic industries that give employment and generate real productive income, some of which would hopefully be from exports.
Every other country, especially China and most of Europe have goverment incentives to protect it's industries. No matter what you call it it's a form of protectionism and its inevitable. We should stop being naive and take care of our own house. The only ones who win if we don't are the multinational corporations who don't care where they get their hand out.
Every other country, especially China and most of Europe have goverment incentives to protect it's industries. No matter what you call it it's a form of protectionism and its inevitable. We should stop being naive and take care of our own house. The only ones who win if we don't are the multinational corporations who don't care where they get their hand out.
The North Koreans can't doom us with a few atomic bombs. For that they would need to go to the next level and build the Super aka H-Bomb. They seem to be quite some ways off from that considering that their single-stage plutonium bomb is still a work in progress.
the problem isn't the bomb with N. Korea..its the 1 million man army sitting a stones throw away from a couple big asian economic centers....They could run over us and our friends over there right now if they decided to...the bomb is a distraction....
June 18 (Bloomberg) -- U.S. stocks snapped a three-day losing streak and Treasuries fell as reports on jobless claims and manufacturing added to evidence the recession may be near a bottom. The dollar and oil rose.
Bank of America Corp. and JPMorgan Chase & Co. climbed at least 4.4 percent as the number of people collecting unemployment insurance fell by the most in almost eight years. Alcoa Inc. and DuPont Co. added more than 1.7 percent as gauges of leading economic indicators and Philadelphia’s economy topped economists’ estimates. Discover Financial Services rallied as the credit-card company’s loan losses grew less than forecast.
."They could run over us right now if they decided to...the bomb is a distraction...."
Who's' "us"? The Chinese have a good sized army...could be a serious matchup. Unless the N Koreans can airlift their army, they ain't running over us here in the USA...with the exception of the tripwire troops at the DMZ.
Want to stick the dagger in American Capitalism, in the heart of consumerism?
6 dirty bombs delivered via car, one in San Pedro, and 5 at major L.A. interchanges.
Nobody suspects a stopped car on the freeway, it happens all the time. You just need to get your hands on something that makes the geiger counter go pitter pat.
The contaminated areas would cripple all freeways and a city built only for automobiles would have to think of plan B, and quick.
(Full disclosure: just a glaring weakness I discovered in our defense shell)
More likely we'll get hit with a TreasuryBomb.
Kinda like the small kid standing up to the bully on the school yard
Lots of pilers-on once that first tiny fist lands.
Something tells me that the bonds arent cratering because of the rebound in equities...
fried - was wondering the same thing.... actually I think China would crush them... way to much productive capacities and reserves... NK is and has always been bankrupt...
June 18 (Bloomberg) -- Research In Motion Ltd., the maker of BlackBerry phones, forecast second-quarter profit and sales that fell short of some analysts’ estimates, sending the shares down 5.5 percent in extended trading.
Profit in the period that ends Aug. 29 will be 94 cents to $1.03 a share on sales of $3.45 billion to $3.7 billion, Waterloo, Ontario-based RIM said today in a statement. Analysts on average estimated profit of 98 cents and sales of $3.61 billion.
...the U.S. Treasury market refuses to be subdued. This is the new Fed Conundrum.
Fed yields taking off today, 30 year bonds heading for new 2 year lows: selling Fed bonds in order to buy treasuries, while de-leveraging all other financing, will be the new conundrum. But it's coming, a federal CBO.
I like cars. It will be sad when they are gone.
OT, got pigged
Lets assumes that A) they are fake and B) the Japanese are private criminals (not state sponsored).
Wouldn't US, Swiss and Italian authorities make a media circus of their arrest AND conviction to discourage any others from copying this scam.
Instead they release the "Japanese" perps and keep repeating "nothing to see here"
[from prev thread]
Gavshire Hathaway --
I don't think ANYBODY is stupid enough to counterfeit denominations that large.
I did not think so, either, but we are both wrong.
Comment by Nemo from thread 'Hotel RevPAR off 18.6 Percent'
People can be incredibly stupid. Including rich people.
Coalition of the Willing 2003: Mostly a bunch of backwater countries willing to send a few troops, for a little bit of this.
Coalition of the Willing 2009: Mostly a bunch of backwater countries willing to accept a few Gitmos, for a little bit of this
BBAD rubber hits road
So another oil bubble will be really helpful in kickstarting economic growth?
Lots of motor homes and campers out on the interstate lately.
RIMM getting hit in the berries...
"Lots of motor homes and campers out on the interstate lately."
Still cheaper then flying and paying for a hotel.
does this data correct for the effect of the stanley cup finals going 7 games? Lots of driving between Pitt and Detroit.
oops: this is April data, that effect will not show up until the June data
Hey,
3-Letter-Monte and 4-Letter-Monte Casino de Wall*Street patrons...
You like to crow about the winz, but you've been quiet as church mice lately.
When are the Republican's going start calling for a gas tax holiday??
When are the Democrat's going push hard for their High Speed Railway??
I know alot of people have started using our bikes more. It keeps us in shape, and we actually get to observe the town a bit more, instead of racing by them all the time. It is a bit harder on the people who ride to work, since they have to change to a new set of cloths, and to try not to sweat over the coworkers in the meeting. Some of the towns have begin to install bike lanes in their streets as well.
Lots of mileage due to people leaving California for other states.
Well, I guess this means the recession's over, then.
Good thing, too. I was starting to get worried.
Lots of mileage due to people leaving California for other states.
====
yes, inverse grapes of wrath
edit: is there actually a net flux out from Ponzi-fornia?
This is the first same month year-over-year increase in miles driven (April 2009 compared to the April 2008) since November 2007.
Of course gasoline prices have increased sharply since April. The EIA reports that gasoline prices have increased from about $2.10 per gallon in April, to $2.70 per gallon in June - and that will probably impact miles driven.
Also gasoline was much more expensive in April 2008 than April 2009, so that probably made the YoY comparison for the month more favorable.
An RV dealer joked that a bike and a tent was to be the new Government Motors motor home!
Back to their airstream in my area. They "move" every couple of days. they must get 6mpg on that old thing. Plus they need to recharge its batteries by running the motor. I say they use a tank every couple of weeks.
The Arkies and Okies that came to California during the dust bowl years, that grew roots in the Central Valley-brought the bible belt with them, which extends from Bakersfield to Stockton, or thereabouts. Hard Right.
Now imagine just the opposite happening, with Californians invading the bible belt back east?
Hey…happy motoring days are here again, when does this get claimed as a green shoot? Meanwhile, the U.S. Treasury market refuses to be subdued. This is the new Fed Conundrum.
ac-
beat me to it....we were paying over $4..but I see how that got sort of glossed over...you did too.
Ciao
MS
RIMM down 5% AH.
hopefully "Crackberry" will be taken out of the American lexicon
OT:
BE AFRAID, VERY AFRAID.
June 18 (Bloomberg) -- Defense Secretary Robert Gates said he has ordered the U.S. military to take defensive measures should North Korea attempt to fire a ballistic missile toward Hawaii, even as officials express skepticism of the possibility.
Who ended up with the Hummer, last I heard the Chinese were shopping it around the world?
@JD,
Californians are welcome in South Carolina, just bring some of that Trainwreck with you.
If I owned Hummer, I'd pay Bill a billion just to do a few commercials. 8)
Priceless
"military to take defensive measures should North Korea attempt to fire a ballistic missile toward Hawaii"
I thought I read that Obama had cut back the missile defense program.
Makes you wonder if anyone is paying attention in Washington.
Rocket science goes up against the dismal science, a drudge match.
Kim is just slapping around the new kid president. He campaigned on no back bone policy. We will now see the value of intimidation he threw away the little we had left.
Back to the bond market, my mortgage bank did another intraday rate raise again today - from 5.5 this a.m. to 5.625 this afternoon.
Lil' Kim wants to be a wrap star, as in unwrapping Pandoras Box-which has remained shut for close to 64 years.
With all the driving it's a good time to goose oil up another $20/barrel.
@JD - more like Lil' Kim wants to sell a few, and doesn't give a damn if his customers open the box.
The North Koreans will hit America with a missile when the Yellow River runs clear.
I have a friend on the inside doing 10-20 in Tehachipi that's keeping me updated on the condition of *** ****. He's apparently in his cell financially sedated, with a propensity to sing B'BAD To The Bone over and over again during waking hours, but otherwise fine.
I will spin this as a green shoot: The vehicles being driven are getting a mile closer to the point at which they must be replaced with each mile driven. The demand for replacemnent vehicles will provide a sellling opportunity for New Chrysler and New GM. Recovery is on the way.
While an increase may be positive, without correlating road mileage with other transportation stats like domestic air miles, rail, and urban transit, such a small change is probably inconsequential. There's probably a bigger percentage change in miles walked and cycled.
June 18 (Reuters) - The U.S. Senate rejected on Thursday an attempt to strip a $1 billion program aimed at spurring flagging U.S. car sales from a pending $106 billion war funding bill.
Cash for Cluckers- as in ChickenHawks.
lil kim mugshots....early arrest for mj and prison sentence for lying
http://gurn.files.wordpress.com/2008/10/lilkim.jpg
http://www.theage.com.au/ffximage/2005/07/07/lil_kim_wideweb__430x278.jpg
then put on a show to show all the kiddies that lying, rapping and going to prison gets you a dancing gig....
http://cm1.theinsider.com/media/0/374/76/lil-kimdancing.0.0.0x0.350x500.jpeg
she's a 30 pack without all the makeup...
heroes sure have changed over the years....John..please come back
Why did it take two weeks to determine that the bonds are "clearly" fakes??
Conspiring minds want to know!
will the 10 y open up at or above 4 tomorrow?......unless they have some "announcement" planned.
Gotta be effing expensive to prop both sides at the same time.
Ciao
MS
Throughout history, there has never ever been much time differential from when the vanquished were defeated by superior weapons, till the time they themselves had the same weaponry.
Atlatl
Spear
Knife
Bow and Arrow
Longbows
Crossbows
Cannons
Guns
Machine Guns
Tanks
Airplanes
Rockets
Nuclear Weapons
Etc.
Cash for clunkers has lots of problems as well as some good ones. I should be cash for crushed clunkers or many peopleu will by the salvaged parts and keep other old ones going for decades. You should see all the 70,80, 90's trucks and SUVs here.
Re: "lil kim mugshots....early arrest for mj and prison sentence for lying"
Are those pics before his Michael Jackson surgery?
re: fake bonds.
nemo, thanks for the link to Treasury, but that provision only applies to business related activities and products ("No person may use, in connection with, or as a part of, any advertisement, solicitation, business activity, or product, whether alone or with other words, letters, symbols, or emblems"). Additionally, the statute itself is fairly detailed as to what must be included in the product to be a violation. It'd be a tough sell to include these bonds into this particular provision.
I believe that 18 USC 472 would be the applicable provision:
Whoever, with intent to defraud, passes, utters, publishes, or sells, or attempts to pass, utter, publish, or sell, or with like intent brings into the United States or keeps in possession or conceals any falsely made, forged, counterfeited, or altered obligation or other security of the United States, shall be fined under this title or imprisoned not more than 20 years, or both.
A couple of issues:
1. Absent some type of international criminal treaty, the laws of the US are not extraterritorial, so under what authority would Italian law enforcement prosecute a US crime?
2. This particular statute requires that the counterfeiting be part, or at least be made with the intent of being part of, a transaction. So unless there is a legal presumption of distribution or defrauding (e.g. possession of narcotics of a certain weight), then simple possession is not enough for prosecution.
3. Finally, "obviously fake" is a term of art that has legal significance, 144 F.3d 287:
the proper test to be applied is whether the fraudulent obligation bears such a likeness or resemblance to any of the genuine obligations or securities issued under the authority of the United States as is calculated to deceive an honest, sensible and unsuspecting person of ordinary observation and care when dealing with a person supposed to be upright and honest.
Under this test, it would appear that threshold for successful prosecution would be much higher for $134B than it would be for a $20 bill because of the difference in the nature of the transaction.
ben dover-
I don't know one person who has a clunker that will qualify. Plus it reeks in monthly payments, taxes, dmv fees, higher insurance...stinky stuff....
Another factor for increased miles.
In 2008 Easter was in march as opposed to april this year.
US is a big place an lots of fly over has bunches of them. The smart way to tax cars is the simple reverse the process of taxation. The older they get the higher the taxes. Makes sales better sales and jobs. Nope got to tax the hell out of the suppossed rich all the time.
there has never ever been much time differential from when the vanquished were defeated by superior weapons, till the time they themselves had the same weaponry.
Hm... did the Aztecs obtain steel? Did the Lakota Sioux ever manufacture cannon? When did the Zulu get the Maxim gun? And what of those extinct tribes that history has forgotten? The vanquished don't always prosper, let alone survive...
Time to go racing, Later.
I was speaking more from a western bias, as we have a thing for violence. Look @ Europe for example.
The original story in the Italian press made it clear that the bonds were considered to be fakes--they were talking about counterfeits from the first paragraph. Somehow that detail was left out of the US bloggers' summaries of the article.
But as long as you folks have your tin hats on, does anyone think it's significant that the only newspaper (well, aside from the local community paper that had it as part of a local crime report) that thought this worthy of a story is owned by Berlusconi?
You also need intent to defraud. If the fakes were intended as works of art or if the whole thing was an elaborate piece of comic street theater there's no violation...although in the US I think making a laughingstock of a customs agent would be considered an act of terror.
From the WTF Files:
The CIA is looking to hire the same investment bankers and financial gurus that many hold responsible for sinking the economy to help President Obama pick up the pieces -- and also catch a few millionaire terrorists.
The spy agency started advertising the jobs on Bloomberg Radio, hoping to recruit investment bankers, top analysts and hedge fund honchos to use their "intelligence for the work of a nation."
Did anyone see this story on Venezuela?
Yahoo! 404 - Page Not Found
"The oil price drop has roughly cut in half the amount of goods Venezuela can afford to import, so the government has had to tighten currency controls even more and ration the dollars it supplies to travelers and importers in response, Finance Minister Ali Rodriguez said.
Just $4.9 billion was allotted for imports in the first quarter of the year -- 39 percent less than the same period last year, according to the Caracas consulting firm Ecoanalitica -- and the government is prioritizing dollars for food and medicines, while limiting those it provides for luxuries like liquor, cosmetics and designer clothing."
You think that stupid Leó Szilárd would have ever believed 70 years ago, when he urged Einstein to write a letter urging FDR to build a bomb, that our doom might be sealed 70 years later when a rogue nation that can't feed itself, ended up with his creation, in a world unable to stop them from using it?
ha
Take back the trillions of $$$ given to the banks, who just sit on it and make it totally ineffective then start government incentive to create realistic industries that give employment and generate real productive income, some of which would hopefully be from exports.
Every other country, especially China and most of Europe have goverment incentives to protect it's industries. No matter what you call it it's a form of protectionism and its inevitable. We should stop being naive and take care of our own house. The only ones who win if we don't are the multinational corporations who don't care where they get their hand out.
good articles: Financial Opinions Updated Daily iamned.com
agree completely
Every other country, especially China and most of Europe have goverment incentives to protect it's industries. No matter what you call it it's a form of protectionism and its inevitable. We should stop being naive and take care of our own house. The only ones who win if we don't are the multinational corporations who don't care where they get their hand out.
Just took a train across the US.... Seattle to Boston.... Never seen so many lots of RV's..... We may need a czar.....
The North Koreans can't doom us with a few atomic bombs. For that they would need to go to the next level and build the Super aka H-Bomb. They seem to be quite some ways off from that considering that their single-stage plutonium bomb is still a work in progress.
JD - I'm Irish... I have no idea what you're talking about.... LOL.....
bbartlog,
the problem isn't the bomb with N. Korea..its the 1 million man army sitting a stones throw away from a couple big asian economic centers....They could run over us and our friends over there right now if they decided to...the bomb is a distraction....
Since when did wishful thinking start running the economy?
U.S. Markets Wrap: Stocks Gain, Bond Fall as Economy Rebounds
U.S. Markets Wrap: Stocks Gain, Bond Fall as Economy Rebounds - Bloomberg.com
By Dakin Campbell and Jeff Kearns
June 18 (Bloomberg) -- U.S. stocks snapped a three-day losing streak and Treasuries fell as reports on jobless claims and manufacturing added to evidence the recession may be near a bottom. The dollar and oil rose.
Bank of America Corp. and JPMorgan Chase & Co. climbed at least 4.4 percent as the number of people collecting unemployment insurance fell by the most in almost eight years. Alcoa Inc. and DuPont Co. added more than 1.7 percent as gauges of leading economic indicators and Philadelphia’s economy topped economists’ estimates. Discover Financial Services rallied as the credit-card company’s loan losses grew less than forecast.
."They could run over us right now if they decided to...the bomb is a distraction...."
Who's' "us"? The Chinese have a good sized army...could be a serious matchup. Unless the N Koreans can airlift their army, they ain't running over us here in the USA...with the exception of the tripwire troops at the DMZ.
Want to stick the dagger in American Capitalism, in the heart of consumerism?
6 dirty bombs delivered via car, one in San Pedro, and 5 at major L.A. interchanges.
Nobody suspects a stopped car on the freeway, it happens all the time. You just need to get your hands on something that makes the geiger counter go pitter pat.
The contaminated areas would cripple all freeways and a city built only for automobiles would have to think of plan B, and quick.
(Full disclosure: just a glaring weakness I discovered in our defense shell)
More likely we'll get hit with a TreasuryBomb.
Kinda like the small kid standing up to the bully on the school yard
Lots of pilers-on once that first tiny fist lands.
Something tells me that the bonds arent cratering because of the rebound in equities...
fried - was wondering the same thing.... actually I think China would crush them... way to much productive capacities and reserves... NK is and has always been bankrupt...
So we have two competing entrail readers! How can we run a world based on the predictions of entrail readers?
RIM Forecasts Profit, Sales That May Miss Estimates (Update1)
RIM Forecasts Profit, Sales That May Miss Estimates (Update2) - Bloomberg.com
By Hugo Miller
June 18 (Bloomberg) -- Research In Motion Ltd., the maker of BlackBerry phones, forecast second-quarter profit and sales that fell short of some analysts’ estimates, sending the shares down 5.5 percent in extended trading.
Profit in the period that ends Aug. 29 will be 94 cents to $1.03 a share on sales of $3.45 billion to $3.7 billion, Waterloo, Ontario-based RIM said today in a statement. Analysts on average estimated profit of 98 cents and sales of $3.61 billion.
...the U.S. Treasury market refuses to be subdued. This is the new Fed Conundrum.
Fed yields taking off today, 30 year bonds heading for new 2 year lows: selling Fed bonds in order to buy treasuries, while de-leveraging all other financing, will be the new conundrum. But it's coming, a federal CBO.
Compare to Railfax...
Railfax Report - North American Rail Freight Traffic Carloading Report
When's the last time Jas was on?
Gee, energy, only 1 black figure.
this is a nice chart. put it next to airline tankage and all we get is people cant affrod to fly and will soon not be able to afford to drive.
With his old name?
/When's the last time Jas was on?//
...people cant affrod to fly and will soon not be able to afford to drive.
Don't forget the graphs showing the growing number of people who can't afford to stay home.