Weekly Initial Unemployment Claims: 512,000
Submitted by
CalculatedRisk on Thu, 11/05/2009 - 5:38am (352 comments)
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Half a million more green shoots!
Why, we've a veritable FIELD of dreams going on here!
second?
512k and UE extension. At this rate we'll be back down to 9% unemployment by... well never.
Remember, remember the fifth of November,
The AUman treason and plot,
I know of no reason
Why the AUman treason
Should ever be forgot.
Those remaining are working harder.
I LOVE seasonal adjustments...they are so wonderfully clear and logical.
Fewer job losses, free money from the bank of England, Yankees as world champs.....
TAKE THE MARKET ON THAT!!!!!!!!!!!!1111!!1!!1111!!!!!
That's 20,000 more reasons why the pride is back!
"...initial jobless claims for the week ending October 31 came in at 512,000, which isn't quite as bad as the 522,000 initial claims that economists had come to expect and is down 20,000 from the previous week. Meanwhile, continuing claims came in at 5.75 million, which is in step with expectations and down from 5.82 million."
Briefing.com: Stock Market Update
But productivity is UP.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ai7ENg3kO.Q0&pos=1
Those remaining are working harder.
"Third quarter preliminary nonfarm productivity surged 9.5%, which is far better than the 6.5% increase that was widely expected and up sharply from the 6.9% that was previously posted. Unit labor costs were down 5.2% in the third quarter, but that was a deeper drop than the 4.2% decline that had been forecast. Labor costs had dropped 6.1% in the second quarter. "
Briefing.com: Stock Market Update
off topic hurricane ida is doing well as expected this morning.
National Hurricane Center
This is the line I always look at:
...unadjusted, totaled 480,178 ... There were 466,341 initial claims in the comparable week in 2008.
Worse than last year. Anyone remember last year? And this year is worse?
It seems like just yesterday when stocks started being rewarded-when employees were discarded, but I got used to the notion.
Dicking around with the numbers and asking if the glass is 3% full or 97% empty, is about all Big Gov pencil whippers can muster for the hoi unempolloied...
Nanoo-Nanoo wrote:
The Golgafrincham Effect.
I'm seasonally adjusting my attitude, up 50% seasonally adjusted!
It's negative year-over-year however.
Thanks Rob, that is interesting. and yeah JD: job cuts are always
in this perverse relationship.
As I seem to recall, the total number of Americans working has continued to decline. Thus, I'm going to guess that these folks that have just been laid-off will be out of work for awhile. I wonder if the CBO accounts the future unemployed in it's projections of what government sponsored health-care is going to cost?
Yeah, worse than last year? We were cliff diving last year! I just saw a fluff piece in yahoo business discussing October retail sales. The Gap reported higher sales, many others reported worse than expected sales decreases. This means their sales were down from LAST YEAR whilst falling off a cliff! Then the story quoted some industry goon who said this bodes well for the X-mas shopping season. You've got to be kidding me!
October sales offer relief to merchants - Yahoo! Finance
They are squeezing remaining workers really hard now...I wonder whats going to shoot out of orifices as a result.
Juvenal Delinquent wrote:
Is "pencil whippers" a euphemism?
"Clearly the Fed faces no near-term threat from inflation.”
XXXXXXXXXXXXXXXXXXXXX
Unfortunately, it's the external entities that concern me as the dollar erodes.
Does this number shoot up if unemployment benefits are extended?
From Denninger:
As far as I know, yes, Arabic Numerals were tortured, but they gave up vital information, and a financial disaster was averted thanks to our quick actions, in diverting all the money to the Unabankers.
I found this at Naked Capitalism interesting:
http://www.nakedcapitalism.com/2009/11/more-signs-of-consumer-retrenchment.html#comment-64073
frazzle wrote:
No; It's "initial" claims-
gabyjan,
You may also like this site, which I thought very good for tracking storms:
Stormpulse / Hurricanes, severe weather, tracking, mapping
Beep!Beep!Beep!Beep!Beep!
This is a Public Service announcement!
Dollar Cliff diving on Jobs report.....manufactured Inflation right on schedule....that is all.
Juvenal Delinquent wrote:
Oh! I thought they might be whipping their own pencils. Carry on-
Interesting technical question. Does the extension of UE benefits mean that those workers who'd fallen off of the rolls will be recaptured statistically? Or do they draw benefits but the rate doesn't reflect such?
Here's the spin on productivity:
Productivity levels cannot go on like this, workers and companies are under pressure to keep up with production. They MUST start hiring to keep up with this massive demand! Maybe in a year or so some hiring will start, but that's me being a wild-eyed optimist!
And even with two glorious wars on, there's constant pressure to outsource the defense of freedom to Iraqis and Afghans, who greedily covet these excellent American jobs.
Fine. If they think they can invade and occupy themselves better than we can do it, let's see 'em try.
The Golgafrincham Effect.
Ironically, given enough public hysteria about H1N1 we may yet see "telephone sanitizers" come back into vogue.
Even more ironically, it'd be an outsourcing-proof job!
frazzle, these are for initial claims only - the people who receive extra extended benefits are counted elsewhere.
best wishes
cinco-x,
Since we're talking about health care, here's a good reason why you guys who are against health care reform may get your way in the long run.
From the FT last week:
" What is needed, as The Economist has repeatedly argued, is a fierce assault on the distortions that keep health costs so high, not the shifting of a large unreformed lump of spending from the private to the public sector. So far, there have been precious few moves in that direction. This means that a public plan will be expensive—either for the government or for private policy holders. If doctors and hospitals are obliged to hold their prices down when treating people on the public plan, they will recoup their losses elsewhere: from private patients. This already happens in the case of Medicare."
eric
we're getting free money from the bank of england? cool? do we have to sign up, call them, or are they just going to send to us. so when is the money coming?
,rad 5-10,
I myself watched them underwaterboard the suspect numbers, to weaken their resistance.
I'm seasonally adjusting my attitude, up 50% seasonally adjusted!
Bah. You're still trailing the S&P by seventeen percent. Massive redemption requests from your attitude fund are on the horizon.
Mook: Massive redemption requests from your attitude fund are on the horizon.
But, that could cause a depression.
There is too much hyperbole and not enough facts being produce by MSM regarding H1N1. That being said, it is the real deal pandemic, albeit SO FAR not a severe one. Pandemics come in waves, we are in just the second iteration. Also, there will be a tangible affect to the economy this season. I think the flu will be used as a cover for bad retail sales for the holiday season, etc. and those affects exaggerated as there are no real hard and clear means to measure that data.
Breaking up is harddddd to doooo.
Breaking up 'too big to fail' firms - Victoria McGrane - POLITICO.com
This could get ugly.
Cinco-X
Thanks for the Denninger link. He can be over the top, but the underlying message makes sense. Also the comment about reversion to mean being a mathematical certainty.
OT, but one of the kids now home with a virus. No idea as to whether H1N1 but we'll see how things transpire. Doubt that we'll contact the pediatrician unless things hit the wall (like last night's dinner).
It pleases me to see people picking up on the implications of a declining year over year comparison. During that eventful year we've also added near 2 million more Americans of working age to the potential workforce and most certainly didn't lose as many as expected to a comfortable and well deserved retirement.
Pay no attention to "productivity" as it is just a formulaic artifact. People aren't producing 9% more in the same amount of time.
Pay attention to the EMRATIO. It shows a widening job gap. And that's the issue. Screw GDP, screw productivity, screw p/e ratios. This nation is not structured to withstand chronic 20%+ un/underemployment. I even have my doubts about or ability to deal with the stresses coincident with the differences between the lost jobs and the inevitable jobs that will replace those in the new economy. The evisceration of the middle class and the realization of a near insurmountable class gap holding down the poor bodes ill for societal calm.
traderwalt wrote:
TraderWalt,
Guess what! I'm not against reform, in fact I'd be for it if someone would propose something sensible. I am against the government running though, because I think they'd do a poor job, and that there'd be no real accountability.
Some good ideas:
Sure there could be more, but socialized health care is not one of them.
Buy on the Doomer, don't(!) sell on the Blues.
Homedad: How old? Watch your childs color (bluing of lips, nailbeds) respiratory patterns, severe lethargy with or without fever. Also if there is severe watery diarrhea or vomiting that is sustained, that is also time to seek attention.
I never look forward to seeing the work is over rated numbers.
Rob Dawg:
Channeling Kunster? But you are right, the decline of the American family has made underemployment much more dangerous here. In Greece (from whence my parents fled), stronger family ties allow the masses of unemployed young people to live in relative comfort. In much of the US, this unofficial safety net does not exist.
On another note, I have a mandatory meeting this morning. Rumors have been swirling they may close the bar I work at. I know business has been horrific for quite awhile. Boss said it is just a "bitch session" as my coworkers have done some major screwing up lately but I'm still nervous as a whore in church...
and this is good for the market, for profits, but bad for the backs of labor who are working balls to the wall hours in many sectors
My company, a smallish retailer in TN, has seen an uptick in sales in October compared to last October, up about 5%. However, we are still down about 2% from October 2007! That's never happened in the 11 years I've been in this line of work. I bet many or most businesses are down compared to 2007
i got a question. what happens to those who have fallen off the ui, this bill have anything for them,they going to get back on or are they just out of sight,out of mind? sort of like the people that didnt do crazy mortages,walked away from their mortage.
i think i know the answer but i want to hear what you think.
Some businesses are letting go non productive support staff from the payroll. A phone receptionist can be replaced by an automated phone system in many cases.
I was talking to a few friends last night over drinks and what not, and we got to talking about Christmas, I figured this might be a good poll for someone to start.
The question was how much if any do you plan on spending for Christmas?
Over $1000
Under $1000
Nothing at all as they already have too much.
What is this Christmas you speak of?
Me $1000 if they are lucky....my kids need nothing and surprisingly I have asked and the answers are, really nothing dad, and if they have a request it is very small. Good to see I am bringing my kids up right the right way with Right Wing nut Conservative values, they are happy with what they have. Rare indeed.
Comrade Kristina wrote:
Don't fall for the old "we don't want any yes men" during a recession. Let the others bitch-
jd
did they waterboard the numerals?
ooh CK: I wish you the best. I've been hearing from others that unlike other downturns, even alcohol consumption is down. You are welcome to come teach me how to make the perfect martini because I can't ever seem to get it right and all too many tries. lol. I'll see if I can get you a teaching grant or otherwise will pay you handsomely to instruct me!
Unfortunately, my business, the Navy, is firing productive staff (sailors on the deck plate) and adding non-productive workers (civilian employees and contractors). We are striving to do less with more.
thank you burnside i got them got a lot of hurricanes site,sort of like econ sites.
Comrade K - good luck at the meeting and let us know.
Seems like a bar is the last place that needs closing.
Great netaphor.
they got to work these to death. then they will hire
One of the numbers, an 8, was temporarily paralyzed from the waist down, the first time our bean crunchers have ever had that reaction, when dipping a suspect underwater number.
As far as I know, yes, Arabic Numerals were tortured, but they gave up vital information
I've been told that the "1" is being detained at an undisclosed location. The White House was privy to rumors that, sometime very soon, it was planning to lead a dastardly plot known only by its code name: "U-3".
Anybody seen this:
http://www.hsacoalition.org/wp-content/uploads/2009/11/senator-reids-response-to-ltr-from-40-gop-senators-on-reids-vapor-bill.pdf
Warning: scanned .PDF document-
Twice in a couple of weeks our German friends work hard to push for world peace.
36 Containers from Iran: Israel Stops German Ship Carrying Weapons for Hezbollah - SPIEGEL ONLINE - News - International
comrade kristina
my fingers are crossed for you,a little prayer is on its way
The Motorola Droid:
“Smartphone” is too limited. A smartphone is a cellphone with e-mail — an old BlackBerry, a Blackjack, maybe a Treo. This new category — somewhere between cellphones and laptops, or even beyond them — deserves a name of its own. I invited suggestions on Twitter. The best came from @mentalworkout: “app phone.” Bingo. Apps distinguish iPhonish phones from mere smartphones, so “app phones” it is.
Interesting. COuld it break Apple's hold on the market? I love their parody adds on TV-
FBI Arrests Seven in Insider Trading Probe
The arrests were made in New York, New Jersey and Connecticut. Developing...
shill
never spent a k on christmas,family gave up crazy spending on christmas long time ago.santa brings for the little ones,and it is much more peaceful. people forget that the maji were rich guys.
Nanoo-Nanoo wrote:
So that is the rate of decline in wages and income form the other side of the table? That sounds
for consumption.
I just joined this group on Tuesday
More and more states jumping onto the casino bandwagon to promote economic prosperity. They might as well build opium dens and crack houses. That'll generate revenue. Of all the negative trends of the past 20 years, the rise of the gambling industry nationwide is the most worrisome. It's almost like, collectively, we have given up on productive enterprise and embraced idiotic something-for-nothing crack pot economic theories. Its not a coincidence that the growth in the financial services industry occured simultaneously with the spread of casinos.
http://www.saratogian.com/articles/2009/11/05/news/doc4af252c039c32025326979.txt
Thanks all, guess I'l find out in a half hour or so.
The problem with the "perfect martini" is it varies from person to person. I'd be glad to teach you all the different possible combos for a small fee though
Be back in a bit.
its okay jd right?
It seems like a lot of the tv commercials nowadays are for cell phones-handheld computers, always upping the antechnology stakes a little higher, as to give the casual observer (me) the idea that people buy a few or many different ones a year?
Doesn't though? Its a stunning number and one which will be overlooked, downplayed and PAPERED over.
Cinco-x,
Sounds like you are for maintaining the inefficiencies that are presently built into the present health care system. Yep, we should keep paying for the the 60 % of the medical proceedures that aren't necessary for patient treatment but for preventing legal claimsagainst doctors; continuing of unnecessary tests because physicans own the expensive medical devices and have to use to pay for them. (read" Mccalum Texas" in the New Yorker...) I could go on, too.
Every advanced country has universal coverage for all its citizens - except the US.
That is because we are "special" traderwalt
Now I'm really outta here before I'm late for my meeting...
hey jo6pac!
welcome
Now for something completely different:
Watch out bears, you might lose your hair....
Who's taken my fur coat? Vets baffled by bald bears with mystery condition
Worse than last year. Anyone remember last year? And this year is worse?
Same thing with revenues and profits. They may be beating expectations, but they are still worse than 2008.
traderwalt: Thats just PART of the problem. The large problem of supplying means there are sole source providers of medications, equipment, disposibles, etc. which are marked up to backbreaking numbers with no choices or real competition to lower those prices. The ONLY way to do that is to have a gigantic base to negotiate with and THUS why we here in the USA pay more and get less.
Apparatchick gabyjan,
They thought at first that it would look like a o, which isn't quite a 0, but luckily it was only temporary, and is now residing in custody @ Club Git Mo Money, somewhere on the Eastern Front.
Thanks, I took a package to go away. It works for me and I can do some side work for extra cash on the side.
traderwalt wrote:
No: I'm just not in favor of adding additional inefficiency by putting government in control-
"If you think health care is expensive now, wait until it's free"
Rob Dawg wrote:
What the Dawg said, here is EMRATIO:
http://research.stlouisfed.org/fred2/series/EMRATIO/
Which in September dipped into uncharted territory as the Year Over Year comparison accelerated (in a negative way):
energyecon: EMRATIO - return to cliff diving?
dollar up. market up. what gives?
Nanoo: On a recent thread, someone joked about CR's not being invited to the Treasury meeting, whereby CR famously commented,
(And added his timeless pleasant greeting). The Loyal Commentariat voiced its unanimous approval [:"pumped fist":], whereby CR tried to apologize for unintended "arrogance". The Loyal Commentariat was lukewarm about accepting the apology.
So, who's the next D.B. Cooper that straps on the Golden Parachute and yells "Gernoimo Money" as he bails out, like Lewis?
OH LOL! Thanks Yogi....I embarrassed that my speed reading skills have slowed down and I'm not able to get through everything. Thank you though, that is GLOD!!
IMS Health agrees to $5.2 billion buyout, at 31% premium
Ahh more mergers.....how convenient.
shill:
All that liquidity has to go somewhere.
Room mate got laid off yesterday. Friend had her hours cut last week. One friend got a job, 20 hrs a week, no bennies.
Hubby's business is still super slow. Mine is ok, but I need to increase the number of accounts. Bringing on more business will be my number 1 goal after the frist of the year (right after doing my usual great job for the clients I have).
The small firms are getting ready to go under in Jan is my guess. Some of the country may be doing a bit better, Az is in full depression mode.
josap:
What industry are you and hubby in, if you don't mind me asking.
Hubby does computer consulting, setting up networks etc etc.
I do RRE management & leasing of rental houses, condos.
Cinco-It isn't free, it won't be free ever. It also won't be perfect. But what exists now is rationing of care on profits with those perverse an AMORAL completely unethical means to do so. These aces don't take any oath except to turn a freaking profit by whatever means possible...that means rationing of care no matter how long someone has paid their 'insurance' premiums. The ONLY way to stop it is to remove that ability at least for a time.
Missed that thread re CR and the Treasury meeting. Read about the meeting on NakedCapitalism.
If you're reading this, CR, nice move. I much prefer you as an honest broker.
Besides, being a blogger, you'd only have gotten a ham on Wonder Bread.
Do you seriously think legions of downsized middle managers are going to raise a ruckus? How, exactly, after lifetimes of doing what they are told? After lifetimes of, well, the Lifetime Channel? They live atomized lives, take as heroes brass-tongued con men, and have scarcely any passions that aren't first vetted by their credit card companies.
Week in and week out, JH Kunstler predicts frothing mobs at the Wall Street gates. Geez, where are they? Can someone from Revolt H.Q. text message them that the RAGE IS ON?
Property crimes, hold-ups, robberies, a bad spell for Super America cashiers: all this and more awaits, I'm sure. The shopping narcotic has been withdrawn, but there are cheaper drugs at hand and distractions-r-us. Seen Apple sales? Youth, in whom the hope for change traditionally percolates, would rather play on their iPhones. Unemployment? There's an app for that. Childish self-absorption? Get yer download on brother!
The poor may yet riot, but in every notable instance in forty years it has taken racism and organized violence by the state to light that fuse. Poverty, in American experience, hasn't galvanized revolt and it is unlikely to do now. The likelier scenario is that the newly deracinated former middle classes will be taught, very unkindly, the way of the wolf by people who have traditionally lived it. Meantime, USA, Inc., will go its blundering, thundering way, oblivious to suffering except as it may profit from it.
Those ships have a funny way of exploding, starting major wars...
Where are peacenik werner and ubergermanophile rent-to-own when you need them? Never mind...
good luck with that...
Nanoo-Nanoo wrote:
I just don't want to see it get worse, and as I said, I'd like to see it get better. I don't think putting the USG in charge is a good idea, despite what you have undoubtedly heard elsewhere-
homedad43 wrote:
Thanks for the Denninger link. He can be over the top, but the underlying message makes sense. Also the comment about reversion to mean being a mathematical certainty.
In this particular case it does - what happens when the fed quits buying MBS? Ans:rates go up.
Cinco-X wrote:
Serious question, Cinco. Are you opposed to VA healthcare? Do you think it is terrible? Should it be dismantled and discontinued? How about Medicare....it is socialized health care...should it too be dismantled and the elderly sent to the marketplace? Id like to know why you think a public option would be such a disaster.
I know several unemployed young people. They will not be leading the revolution. They believe things will bounce back in no time, and in the meantime unemployment means more time to work on their facebook page. Until the checks and foodstamps stop coming, there will be no organized political violence/rioting.
Early in a late night thread on Congress extending the tax credit, so CR was charged. Definitely worth checking out...
Classic Calculated Risk.
Down 512k is horrible. Don't care if it is a little less horrible; it is still horrible.
Back to work.
Everyone got their hats?
Cinco-X wrote:
would some conservative (honest conservative not right wing nut) please explain to how they can be favor of
(a) mandatory coverage - i.e insurance companies perform no underwriting
(b) everybody must purchase insurance
(c) insurance companies playing a role even though they are not doing anything (underwriting) that is at the core of what it means to be an insurance
Why is government forcing you to purchase insurance from a private company is not crony capitalism or corporate fasicism? What ever happened to free markets? BTW this is not analogous to require third party liability- driving is a privilege not a right- people have the choice of not owning a car- mandatory health insurance has no opt outs.
Juvenal Delinquent (profile) wrote on Thu, 11/5/2009 - 9:26 am
It seems like a lot of the tv commercials nowadays are for cell phones-handheld computers, always upping the antechnology stakes a little higher, as to give the casual observer (me) the idea that people buy a few or many different ones a year?
First you create the perception that others are doing it, let the envy build as J6P feels like he's missing out. He already feels inadequate compared to the beautiful, happy smiling family with shiny white teeth that is so pleased to have a shiny new EMF device to stick on their face which looks different from the previous EMF device. Give it a bit of time, and give J6P some credit, and... the reality soon follows.
dryfly wrote:
I think that rates going up is not a viable option because of the casual chain of events that ensue. Gotta go to a meeting, but maybe Rob Dawg will elaborate, or maybe he's not as "doom"'ish as I am on this topic-
I ordered a UE10% hat but I don't think it's going to get here in time.
Currently, the so-called 'public-option' on both sides of the political spectrum fall far short of the remedies necessary. They are both gigantic gifts to an industry which have proven themselves ineffective. The promise of managed care was to lower cost, increase accessibility, and provide better quality. The EXACT OPPOSITE happened instead. The current legislation both by republicans and democrats are big fat
and will only exacerbate the current problems in health care.
The legislation to take patient with pre-existing conditions means ZIP if they refuse to pay after they have accepted the patient.
Wouldn't it increse the total number reported as unemployed since it will recapture some who have fell off of the list and include more who would otherwise have fallen off of the list. Thank you.
Nuke (profile) wrote on Thu, 11/5/2009 - 9:46 am
I know several unemployed young people. They will not be leading the revolution. They believe things will bounce back in no time, and in the meantime unemployment means more time to work on their facebook page. Until the checks and foodstamps stop coming, there will be no organized political violence/rioting.
Grain supply to the city of Rome - Wikipedia, the free encyclopedia
"The political importance of keeping the urban population quiet meant that Roman magistrates, and later the emperors, devoted resources and attention to the food supply."
Down 512k is horrible. - lawyerliz
down 512,001 after yesterday.
fried wrote:
Being a veteran and having used VA healthcare, I can assure you that it is usually substandard. I'm glad that I have that to fall back on, but I wouldn't want it to be the standard for care in this country.
I don't think medicare is all it's cracked up to be. Sure it's good for seniors, and I hope it'll be there for me when I reach 65, but the saving that presumably have come from it are an illusion. It's simply driven up costs for everyone else. If/when it's expanded universally, where will these costs be shifted. Oh ya', the taxpayer. Socialization is not the answer. Got to go-
Cinco, a serious question...do you think those in congress get lousy health care?
Yes but wouldn't it be worth it to the proponents as a first step towards a single payer plan like in Great Britain?
,rad Nuke,
Welcome to the Ramen Empire
S.P.Q.A.
Nanoo-Nanoo wrote:
Comment by Cinco-X from thread 'Weekly Initial Unemployment Claims: 512,000'
* a risk pool for high risk patients
* mandatory coverage
* enforcement of current laws
* uniform requirements for coverage
* tort reform
* a requirement that insurance companies that want to "play" in the free market provide coverage for everyone
* government "assistance" for those too poor but insurance, whether as a result of low income or high rates due to prior condition
Nanoo-Nanoo wrote:
Serious question: Do you think that health plan applied across the board willl save money?
Cinco-X wrote:
Many of the uninsured with nothing to fall back on would agree with you. And if you plan to use Medicare when you're 65 or so, you're cleary comfortable with socialized medicine. I am confused by this disconnect in your thinking.
homedad43 wrote:
I missed the thread as well, but I'd have to agree. Committee meetings are nothing more than a good excuse to have your expenses paid while you fly to Washington for other business.
Did I just say that out loud?
fried wrote:
You're clearly confused- must go now-
Do you think that health plan applied across the board willl save money?
Lives ..... yes. Money - not so much.
You mean like the enforcement of the SEC? Seriously, the reason its so bad at the VA and elsewhere is because congress refuses to fund at the levels required to provide the care. The relationships are cooked because we've got middle-men in insurance and suppliers; just like in financiers taking the cream and leaving the rest with a MAZE. Just standardization of billing would SAVE approx $300bl a YEAR. What we have now is just not sustainable.
TESTING testing
Nuke wrote:
What starts serious unrest? "Daddy, I'm hungry."
Cinco-X: Being a veteran and having used VA healthcare, I can assure you that it is usually substandard.
Note:
1) Non-existent health care is substandard to existing health care.
2) You have access to subsidized, single-payer, "socialist" health care and you're complaining.
My dad is an 80 year old veteran and he likes his VA. He has a choice (can afford private out of pocket).
Profitable companies seem to be pretty flat this morning--it's the money losers that are responsible for the big gains. I wonder if this is a response to the soon-to-be-enacted NOL carryback extension?
BZH and KBH are top of my screen, to take two pretty egregious examples.
If I could get health insurance for 5% of my adjusted gross, I would jump on it. At 56 yrsold, rates are $1,000.00 plus a month. That is for very high deductable policy.
ResistanceIsFeudal wrote:
All public grain reserves in North America (and most 'developed') countries have been eliminated. We're one good drought away from a stark reminder about why governments have historically played a role in ensuring adequate food availability.
And it's going to be a hard lesson to forget.
If Winston Smith is alive,
He's down in the bowels of the hive
Where government hacks
Are revising the facts
Until two plus two equals five ~
Did you lose your job, Basel?
Nanoo-Nanoo wrote:
I wouldn't say that--at least this way they get to pocket your premium before they refuse to pay.
19 Unabankers on a Debtman's Chest...
My son is a vet and gets va care, and I want to tell you that the care he gets may not
be Mayo clinic stuff, but it is a whole lot better than nothing.
october tax receipts for Alabama. individual income tax withholding still down 15% YoY. Interesting that the mobile telecom tax is down 40% YoY.
http://www.revenue.alabama.gov/absoct10.pdf
Juvenal Delinquent (profile) wrote (in reply to...) on Thu, 11/5/2009 - 9:54 am
Welcome to the Ramen Empire
+1
In service to the Roamin' Vampire
no, but didn't you can someone your porn-surfing teenage receptionist?
Lol Nuke, You are probably right, how can young people be so uninformed with all kinds of social networking sites and cell phones. I swear I keep more up to date with the economy and geopolitical news than most political science and econ majors here at my University. There are a few people here that I can usually have a genuinely fun snarky discussion/debate with here about current events but they aint students. Yet these dull real life facebook cardboard cut outs will probably be making the $$$$ while I’m washing bottles in the lab! Oh well, good thing I like the lab
energyecon wrote:
I never comprehended the truth in this statement until I had kids, and now I sometimes find it's the thought that's keeping me up at night.
When did the cliff dive begin in earnest in 4Q2008? The Year Over Year numbers are about to be as good as it gets for a whole host of metrics...
The Kleptocracy groans under the weight of its acquisitions.
+1 Noob. Same here.
Whoa, I don't get CNBC at work but Maria must be rooting through the closet for the nightstand cowboy by now...
apologies for repeat post
Report: 11 states emerging from recession
I think the closet cowboy is three-phase, 220v.
nvr is @677.16 up 5.55 homebuilders? they getting ready got to have more houses.
"Are you opposed to VA healthcare? Do you think it is terrible? Should it be dismantled and discontinued? How about Medicare....it is socialized health care...should it too be dismantled and the elderly sent to the marketplace? Id like to know why you think a public option would be such a disaster."
These are paid for programs, VA it is payment for military work performed, not free. Medicare is forced paid insurance from a life time of labor. There is no free to those who did pay in under the terms and conditions set by our government. Slackers are the free ride folks.
LOL...now thats some serious horsepowered riding!! One can only wish for a naked wire in a delicate spot.
Hard to say what the steely dan in question may be, but...
YouTube - Mojo Nixon & Skid Roper - She's Vibrator Dependent
What happens to the trend when, before 'Bama's ink even dries, 750,000 desperate souls line up to get their re-extended extended benefits ?
dum luk,
shill wrote:
If Lawyer Liz is around, lawyers were arrested at Ropes and Gray and the FBI is accusing a practice group head at Troutman Sanders in a nursing home kickback scheme - they be cracking down on the lawyers!
for most states, the october numbers were the first to reflect the first market crash occurring in september.
The first thing we do is kill all of the lawyers jobs...
J.C Penney sales down in October, still reaching terminal velocity during the cliff diving! They claim sales would have been much better if Halloween hadn't fallen on a Saturday. They fail to mention that it should have been a good month because October essentially had 5 weekends, it helped my company. November will be down for us because Nov. only has 4 full weekends!
What excuse will JCP come up with for November?
J.C. Penney Oct. sales comparison off 4.5 percent - Yahoo! Finance
Cinco-X wrote:
How about a risk pool that only admits low risk patients? If you had a pool which contained people who don't smoke and aren't overweight, not only would it attract insurers, it would encourage people to stop smoking or lose weight so they could get insurance.
Nanoo-Nanoo wrote:
Do you mean 'wish' as in 'wishing them harm', or 'wish' as in 'I'm envious'?
Interesting to see some consumer notables in the selling on strength bucket:
Money Flows: Selling on Strength - Markets Data Center - WSJ.com
JD - I hope Mojo Nixon and Skid Roper get some material on the next interstellar love message from Earth.
They represent us yuma'ns well.
Juvenal Delinquent wrote:
Who is going to help you with your tired, aged 45 yo wife for that hot young 22 yo lover who wants your wife to go away? Are we going to return to the age of spouse's magically disappearing instead of just getting divorced?
.
Do you keep your commitment or do you go all American and dump your liabilities for a clean slate?
As in, electric horsemen were once attractive and now they are only artificially pumped on joy juice. Oh gawd, I had better shutup now or I'll get banned.
noob goldberg (profile) wrote (in reply to...) on Thu, 11/5/2009 - 10:03 am
All public grain reserves in North America (and most 'developed') countries have been eliminated. We're one good drought away from a stark reminder about why governments have historically played a role in ensuring adequate food availability.
Good point. I was pointing to the fact history seems to be repeating, but in fact it seems we had more foresight back then. You can't eat food stamps.
What excuse will JCP come up with for November?
nuke
the navy is firing please tell me that they are going tdy or something like that,but not firing like get your stuff and get out,security will see you to the gate.
Beat me to it Eric, thinking the same thing.
Increasing nightstand cowboys can only have a negative effect on employment.
The jig (oh! lo!) is up.
whatever happened to the bird flu?
(now trembling at the prospect of the
flu)
ResistanceIsFeudal wrote:
It's funny how the "can't eat (blah)" is thrown out so much against
but people forget that there are other forms of payment that may magically not work either. At that point, do you have a better chance of getting a lb of rice with some 
or food stamps?
Local harvest report.
http://www.nptelegraph.com/articles/2009/11/05/news/70000405.txt
When you catch Cinqo in self-contradiction, he disappears. Happened to me 3 times, so I move along.
But when he uses his brain he can come up with some good stuff.
The problem with that is it is the exactly what is going on NOW. Cherry picking patients isn't going to help things. People get sick, people get sick for reasons other than lifestyle issues. Aging in and of itself means a decline. You tell me how to prevent arthritis and then you can talk or how to prevent MS or Lupus. Business people with no experience in medicine don't get this....one day, it will be you for no reason, as you ate right, exercised, didn't smoke but omg...you got a chronic disease thats expensive. With luck, it won't happen until you have Medicare, with luck you won't have a catastrophic motor vehicle accident that changes your life forever.
,rad Nervous,
Another voice of the era-Country Dick, has already gone interstellar, sadly.
YouTube - California Kid
Ummm, before the bull-marketeers get all excited about how UE is doing just what it's supposed to, F-500s are doing their budgeting for next year... and guess what they're busy doing with their sharp pencils ? Yup. Sizing up the next round of CUTS.
Someone asked on an earlier thread if the UE bill passed by the Senate contained any of the Republican amendments regarding TARP - I just saw the bill that passed and they they were not in the bill.
BBC NEWS | Business | Eurozone interest rates unchanged
What excuse will JCP come up with for November?
flu
Thanks Terry, I was wondering about that.
yagij (profile) wrote (in reply to...) on Thu, 11/5/2009 - 10:18 am
there are other forms of payment that may magically not work either. At that point, do you have a better chance of getting a lb of rice with some In glod we trust or food stamps?
Damn it, you're right. Do you know where I can redeem $5000 worth of Disney dollars and a couple hundred Wal-Mart gift cards?
one day, it will be you for no reason, as you ate right, exercised, didn't smoke but omg...you got a chronic disease thats expensive.
just wait until personalized medicine becomes a shield and not a sword.
jd
im glad, im against torture because it usually gets you with what the torturee thinks you want to hear.
personally i would tell anything and everything,but they would fall asleep because i am so boring.
Grain supplies are a common topic in the
arena. I do think it interesting that as this string of supply and demand of world food supplies is stretched ever tighter, we have done away with basic planning concepts as grain reserves. The spider web is strong only if reinforced, spread across multiple trees with single strands....and the wind will blow you away.....again....seeing this across all spectrum of human endeavor. We are all over-leveraged and under stress. If you accept that man is an animal despite his brain and tools, then mother nature has something to say about that, and it isn't warm and fuzzy.
ResistanceIsFeudal wrote:
Grain reserves are inefficient, expensive, market-disrupting, and absolutely essential during periods of extensive drought.
gabyan:
10 years ago, an Alreigh Burke had 330 sailors. Today, that number is closer to 260. The same is true across all surface combatants. The USS Cole probably would not have survived the attack with today's maning levels. The Navy fires people by increasing the physical fitness standards/dis-approving re-enlistment requests.
Do I hear Jackboots knocking at my door?
Nope.
Hope they didn't read my evil mtg/bk scheme of yesterday, which is, I think
perfectly legal, tho not particularly moral.
jo6pac
very many take packages? did company start laying off?
Ummm, before the bull-marketeers get all excited about how UE is doing
StockTiming.com. Stock Investing using Trends & Analysis
Did anyone upthread calculate the likelihood of a headline 10% tomorrow? Thanks.
,rad yagij,
Cougars are dangerous when cornered, but the lure of manna usually has a good distempering effect.
ResistanceIsFeudal wrote:
Obviously not for
because why would you want to keep such a barbaric asset to store your wealth? I think you could get some great trinkets and pawn 'em for rice back home!
You fools paying your mortgage...
Fannie Mae to Rent out Homes Instead Foreclosing
Fannie Mae to allow troubled borrowers to hand over deeds to homes, let former owners rent
By ALAN ZIBEL AP Real Estate Writer
WASHINGTON November 5, 2009 (AP) The Associated Press
Post a Comment Font Size PrintRSSE-mailShare this story with friendsFacebookTwitterRedditStumbleUponMore
Thousands of borrowers on the verge of foreclosure will soon have the option of renting their homes from Fannie Mae, under a policy announced Thursday.
The government-controlled company, through its new "Deed for Lease" program, will allow borrowers to transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that.
The program will "eliminate some of the uncertainty of foreclosure, keeps families and tenants in their homes during a transitional period, and helps to stabilize neighborhoods and communities," Jay Ryan, a Fannie Mae vice president, said in a statement.
But the effort is likely to affect a relatively small number of homeowners. In the first half of the year, Fannie Mae took back about 1,200 properties through this process, known as a deed-in-lieu of foreclosure. That pales in comparison to the 57,000 foreclosed properties the company repossessed in the period.
While neither option is particularly attractive for the homeowner, a deed-in-lieu does less harm to the borrower's credit record.
The rental program is designed to help homeowners who don't qualify for a loan modification under the Obama administration's plan, but still want to remain in their homes. Fannie Mae is not planning to market the homes for sale during the one-year rental period.
Fannie Mae Offers Borrowers Option to Foreclosure - ABC News
My guess is tomorrow's headline UE number will beat expectations, and we will revisit dow 10,000.
jd
maybe someone from morganstanley cant imagine dimmon or the lord doing it, or maybe someone from the regionals
i am planning on spending 200.00 this year for 5 people, 4 of them kids. It will most likely be less than that, since I will most likely have less than 200 dollars free to spend. My answer? Knitting!! Gloves, hats, scarves, toys...and a few storebought things for my son and daughter. How many people this year will default to some sort of crafty alternative to shelling out cash for gifts? Yes i know purchasing yarns and other items cost money but for many of us we got STASH! Very little cash outlay this year.
I shall be making a hat, scarf and glove set for my son that is Capt. Rex's helmet and pauldron from the clonewars (and if lucasarts is reading this I will be making no profit or selling such items.) He has also asked for jedi robe, so I will try that too. He asked fo rthe compleat Beatles music selection but that will have to wait till he gets a job and buys it himself 8 or so years down the road.
So How many weeks of initial unemployment gains over 500k can the economy handle without shutting down and bleeding out?
You might be interested in this, Vonbek:
President's address to the Ukrainian people on the occasion of flu epidemic in Ukraine - Official web-site of President of Ukraine
Hope you can get it open; the president's website seems to be a bit cranky this morning.
"I remind all the responsible persons and draw attention to all of my orders, made in Lviv four days ago. In three days the deadline for compliance with these orders expires." Those orders are apparently what my friend's father meant in my comment yesterday: "the Minister of Health was given seven days to fix the situation."
noob goldberg wrote:
All forms of insurance are, eh?
Thanks Yalt, watching this closely.
eric
no
Nat. Gas up another 29 BCF in the latest report! Hey, what do you know, that was less than the 31 BCF estimated build. Bullish! What bullsh*t
Got a link?
My guess is tomorrow's headline UE number will beat expectations, and we will revisit dow 10,000.
If today's action keeps up, 10,000 will be support, not resistance.
Vonbek777 wrote:
It is a very very low probability event, with an exceptionally high cost if/when it does occur.
I'm perfectly comfortable with using statistics to do a risk analysis and determine an optimal cost-benefit of mitigating that risk with pretty much everything except food. With food, I think a bit of a buffer is prudent. I guess that inducts me into the
society as well.
i thought you were knitting condom amulets...
Christmas? I'll just give IOUs to everyone who was expecting a gift, redeemable in three months.
Juvenal Delinquent wrote:
Cougars can be handled if you do it with proper preparation and care. Handling them with short-term impulses is what causes you to get hurt. As for adopting a new kitten, again proper preparation and care very important.
.
All lawyers really do is either help you with the preparation and care part or save your butt when you do get impulsive.
It previously affected only a small number because the policy (deed for lease) just went into effect on Thursday. What would have been the reason to go through a deed-in-lieu without getting a lease?
Who the heck writes this kind of nonsense?
I plan on spending $0 this year on Christmas. No one in my family needs more Chinese crap. Luckily, my wife is Buddhist and doesn't celebrate Christmas.
ResistanceIsFeudal wrote:
Give them your Disney points! Surely they will appreciate as times get worse!
UE report tomorrow will come in at either 9.8% or likely 9.9%. TPTB will do whatever possible, twist arms, threaten, so that the big 10% headline doesn't happen.....at least not right now. They need to keep buying time!
tncubsfan wrote:
Linky: Weekly Natural Gas Storage Report
This after an historically cold October. This could make last summer's price action look mild.
deanfv wrote:
How does that fit into ghostfaced's plan for a personal bailout? If they evict you for back rent, how is that different than foreclosing? Now the government will be the landlord of last resort?
I might consider adding medical service delivery capacity to that bucket...just sayin'
I think anyone rational is in the
camp now...how can you not look at this ugly mess of a world and not feel like humanity is in a footrace with the Horsemen of the Apocalypse, and they get to use their horses....
noob goldberg wrote:
Where you gonna get your water from in that drought?
Nov. 4 (Bloomberg) -- The slump in U.S. housing prices is unlikely to end before the middle of next year, and statistics portraying rising values are misleading, according to Pacific Investment Management Co.
U.S. Home Price Slump to Last to Mid-2010, Pimco Says (Update1) - Bloomberg.com
yagij wrote:
Indeed. The only difference is that an insurance payout, in whatever currency or PM possible, cannot make you whole during times of drought. They aren't substitutable, and more empires have been taken down because of food shortages than anything else.
Terry,
Yes, I was asking as it seems like you're someone who also pays attention.
I just looked through the bill as well. The Republican amendments were not even voted on!?
Did the House already approve the first time home buyer tax credit?
It sounded like last week Reid was talking about amendments that would be agreeable to the House; and yet something happened and those amendments weren't under consideration.
I want to see what the Republicans got out of the horse-trading... the housing tax credit was in the bag more than last week... didn't make sense to me.
resistanceis feudal
yes they did,unlike our own emperors whom are to busy raping the populace,to pay attention to anything like food(except to milk it for every cent they can/could)
i personally wish we had an emperor like the two after augustes(sp) they took from the rich.
yagij wrote:
They incur none of the hassle or expense of the foreclosure process.
I have a few friends that have adopted Siamese kittens after getting rid of their long in the tooth cats, as their pride.
who needs tomorrow's 9.8% UE report? we're getting to down 10K today.
SPIKE!
Juvenal Delinquent wrote:
ugh Siamese kittens are great kittens and lots of fun. As mature felines, I'd prefer something a little more domesticated for personal peace of mind.
yagij wrote:
Would you rather have more tent cities?
energyecon
that will work every time...if their pride doesnt get in the way..
Getting the
10k hat ready . . . . . .
yagij wrote:
For the vast majority of agriculture, it still comes from the sky. In times of drought, we wouldn't have the option of rapidly implementing a national irrigation program, if that's what you were getting at.
There's a reason religion plays such a prominent role in the lives of many farmers.
yagij -- Things truly are different in the Magic Kingdom.
Eviction easy? Oh, boy, you've never been to NYC Housing Court.
More landlords murder their tenants than vice-versa. Frustration/insanity with court procedure is the standard defense.
gabyjan wrote:
Tiberius wasn't too bad, but you want a Caligula followed by a Nero?
.
Talk about short term goals in spite of long term objectives...
Rob Dawg (homepage, profile) wrote (in reply to...) on Thu, 11/5/2009 - 11:34 am replyIgnore usertncubsfan wrote:
Nat. Gas up another 29 BCF in the latest report!
Linky: Weekly Natural Gas Storage Report
This after an historically cold October. This could make last summer's price action look mild.
Yen carry back in fashion today? The leverage seems to be getting applied to the Russell 2000 in particular... (see IWM)
noob
hat. whose big idea was that?
now did they do that? im putting on my
sportsfan wrote:
I would prefer to live in a world that a Federal gov't states away wasn't dicking my economy in the ear and saying it was stimulating it, but if I have to pick between false dichotomies, yes, I guess I would prefer tent cities. Maybe more would be done to change the current arrangement if it was a more visible--and dare I say agitated--problem.
Shut in production or vent...
1 currency now -yogi wrote:
That's if the borrower doesn't pay, in NY. For a Fannie loan in a state with judicial foreclosure, where the foreclosure process is around 12 months, this is clearly a better option.
9980! Maria in the closet getting 10k hat, cheerleading outfit
yagij, well, at least you're logically consistent.
I would prefer a different world also, one where the government regulated banks so they didn't crash the economy and leave so many people without the means to support their lifestyle.
energyecon wrote:
I don't disagree, but that affects people individually, and usually while they're already hurting. A food shortage can rapidly affect a large swath of otherwise healthy individuals. If 100 people show up at a hospital and there is a shortage of beds, personnel, or medicine, they're all there for different ailments and with varying levels of stamina. Taking those different experiences and rallying them behind a single cause would be a challenge.
If 100 people show up at the grocery store and there's no food, they're all there for the exact same reason. They'll all have the exact same complaint. And, if there happens to be one half-decent speaker in the crowd, they can all be turned into one large single-minded mob in minutes.
ho ho ho and a bottle of rum
energyecon wrote:
How 'bout we just increase the pressure in all the transmission lines.
noob goldberg wrote:
not recently...
Commercial real estate pros say no recovery until 2011
Commercial real estate pros say no recovery until 2011 - Birmingham Business Journal:
that actually is part of reaching the absolute limit of physical storage...
Hi Gaby. That is a very accepted view, and one I have held myself for years, however there was an opposing view put forth by former army Col and now-author Tom Kratman that is making me re-think that. The point, as I understand it and I am not the sharpest so could be wrong, is that done properly with highly trained professionals, not just the ones doing the torturing but also the fact-checkers, analysts and knowledgable spooks, you can get honest and true info. It just takes a lot of grunt work, double checking, and unemotional professionalism.
There is also the hypocritical nature of politics, information gathering and deniabliity. Keep it shadowy and deniable and as the political winds change the targets change, the former interrogators get thrown to the wolves to save the politicos, and the same thing happens over and over again. At least with a more open and transparent acceptance of the necessity there will be more accountablility and less targeting of pol-inspired oppression.
Not saying I agree, but it has been presented in such a way that I have needed to think and re-examine where I stand and that is always always alwaays a good thing. More self - questioning would be great in the morons in hcarge today.
noob goldberg wrote:
That was my point. Food is important, but we can live without water for days. Droughts tend to be a water shortage, and without reserves of water--preferably from artisan wells and other underground sources--I would imagine that our current civilization will be hurt more by water (clean or dirty) shortages short-term than famine. Now if we are looking at what we are now where there is too much water and we can't seem to get it out of the field, then I'm pro-grain reserves 'cause I like to eat. Speaking of which, I need to buy more bags of rice. I'm under my 50 lb limit...
.
Academically, which would be more stressful to LA: Lack of water or lack of food?
Thank you Mr. Market.
noob goldberg wrote:
Unless they're all there with H1N1.
To quote the President:
Ok, that's not quite the kind of bottom-up revolution we were talking about. Point taken.
I've seen more than 12 months, and that was not in a time of high unemployment.
Court clerks will probably not be getting a raise this year, and judges haven't had a raise in 11 years. Will they quickly process their own evictions?
energyecon wrote:
I've wondered for a long time whether we can get to 4 Tcf. Don't think we'll get there this year either.
For a 9 yr old?! Color me prudish, but I dont think so
I will be doing a man-thong for Nova though. the xxl one. Ah labeling. I should be in advertising/marketing. If i can label a 4 centimeter thong xxl and people believe, i can haz bonus fo rthe year, right?
gabyjan wrote:
In North America we use the private sector to store grain. It's usually more efficient, and large companies like ADM, James Richardson, and others make the most money when prices are volatile. A grain reserve tends to dampen price spikes and troughs, which large marketers don't like.
But the problem is that the private sector has no mandate to release grain when prices start climbing. In fact, the incentive is to hold onto the grain as long as possible until prices start declining, and then flood the market with extra grain, which depresses prices.
tncubsfan
novembers excuse will be "november was down because thanksgiving came too close to octs halloween.
which id you remember was on a saturday and all our stores were closed."
hows that?
1 currency now -yogi wrote:
You may end up more like Miami-Dade County (nt LL) where they are throwing pleadings in boxes to be filed whenever the clerks can get around to it. I think LL stated that there were 350+ boxes of filings that haven't found their way into the proper jacket. I'm not exactly how you can have Due Process if there is a line backing all the way across the state to get your legal process started...
energyecon wrote:
No argument there
Self-Explanatory Chart Remix
sportsfan (profile) wrote (in reply to...) on Thu, 11/5/2009 - 11:51 am replyIgnore userenergyecon wrote:
the absolute limit of physical storage...
I've wondered for a long time whether we can get to 4 Tcf. Don't think we'll get there this year either.
- Yeah, looks like we may hit around 3.8T to 3.85T. Seasonal demand will start to kick in and a draw down should occur. Nat. Gas up 3% today! Amazing!
400,000 eviction cases in NYC filed each year. A few thousand foreclosures, tops.
I've written long comments about the situation, but no time to search the archive. NYC is certainly not typical, but I speak from personal knowledge and experience.
EvilHenryPaulson wrote:
Stagflation ahead?
energyecon wrote:
I've actually resisted mentioning this. (By "venting" we are talking about burning it off at the well head.)
Raises all kinds of bad issues. People going cold in the Northern States, Canadians going broke providing at less than cost, the econauts jaw flapping about Mother Gia. It happened in the first depression with food.
"a risk pool for high risk patients"
We already have this in California. HIIPA coverage. I looked into it more than 5 years ago and at that time it was over $1000 per person.
Plus whatever costs you incur due to the pre existing condition. In my case $100/mos for medication.
Gonna be mighty expensive for an unemployed person to use the high risk pool that "guarantees" coverage.
Yalt wrote:
True, but 100 people coughing and running fevers of 102 isn't going to make for a particularly inspiring protest.
And it's certainly not one for which I'd bundle up my healthy kids and drive downtown!
tncubsfan wrote:
NG is a bargain at today's price.
yagij
not if the "food stamps" is a "debit"card you might have better chance with
1 currency now -yogi wrote:
The same argument applies to foreclosures. Fannie doesn't have to offer this to every struggling borrower, just the borrowers who can afford to pay the rent. Even if the borrower decides to stop paying after agreeing to this, the servicer still owns the property with little expense, knows the borrower can only hang on for 12 months, and can start looking for buyers right away. Plus, most borrowers who sign up for this probably will wind up paying most or all of the rent.
gabyjan (profile) wrote (in reply to...) on Thu, 11/5/2009 - 11:53 am replyIgnore usertncubsfan
novembers excuse will be "november was down because thanksgiving came too close to octs halloween.
which id you remember was on a saturday and all our stores were closed."
hows that?
- Funny! Actually, they and most other retailers will pull out the old excuse that Thanksgiving was late in the month this year, thereby reducing the number of X-mas shopping days occurring in November!
Rob Dawg wrote:
Then we don't mention it. Please refer to "Running A Federal Democracy For Dummies" Chapter 3, pg 48.
.
If you have any questions, don't mention them either. Just figure out a way to end your statement or question with "Green shoots!"
energygeeks: Do your crystal balls see a 2008 redux in 2010?
Grain and food supply - Doesn't worry me
so much. What does worry me is the power that falls onto whoever feeds us at that point (the mega-industrial food conglomerates will nobly step in to feed us frankenfoods and flavor-enhanced cardboard and we will thank them) because the government has no disinterested-3rd-party options of its own for us.
gabyjan wrote:
If you want to convince me to share some of my rice storage, yes,
will work much quicker than a gov't issued debit card. 
ResistanceIsFeudal wrote:
Oh contraire! "Canada"
Anyone watching TV I recommend turning down the volume when we hit 10k. Maria Bs orgasmic scream is liable to rupture ear drums.
noob goldberg wrote:
Organize the waiting room, not the doctor's office itself. When your kid says "Daddy, I'm hungry" it's the parents that protest, not the kids. Losing a family member to a collapsed healthcare system focuses the mind.
Conceptually, it's a similar issue to having everyone work as headhunters, at the census or unemployment office.
I've gone over it with Liz, who understands the story. I haven't been following the Fannie story, just wanted to correct the narrow statement that foreclosure court costs are less than eviction.
ResistanceIsFeudal wrote:
Thank you for crystallizing my point. It's availability of calories at the grocery store that is my major concern, and the perverse incentives of private storage to restrict deliveries in order to capture rising prices.
i'm watching today's market. weeping for my lack of calls.
nuke
( another reason to get my 
hat on and just keep it on. where are these unemployed people supposed to go? we screwed so very much.
thank you id been hearing rumors of military laying off but the Military does not lay off discharges(they still have section 8s) so lots of discharges coming down the pike,
Read some paywall analysis that uses a yield curve and storage to forecast a natural gas price, current price is well above that...doesn't seem to have a liquidity slosh term in it...
Yalt wrote:
If I lost a family member solely due to the incompetence of our current medical system, I would have much different opinions on it, I'm sure.
If there was some sort of structural deficiency that cause a major medical disruption to simultaneously happen to a number of families in close proximity, I could certainly see where an organized resistance could emerge. No question.
NG is a bargain at today's price.
i have a friend that owns a couple of laundromats, and he's hording UNG at these prices since Nattie Gas is 40% of his input costs. if NG gets above $10, his competitors are going to be crushed.
yagij (profile) wrote (in reply to...) on Thu, 11/5/2009 - 11:00 am
ResistanceIsFeudal wrote:
the government has no disinterested-3rd-party options of its own for us.
Oh contraire! "Canada" Wink
Shh! There are some of "those people" here on CR! We don't tell want to let them know about America's secret backup plan!
My natural gas personal story: Last year I received a $400 utility bill in december, most of which was for my nat. gas heating. I nearly fell over when I saw this bill. This is with me only heating the house to maybe 67 or 68 degrees, maybe lower at night. I vowed to never pay a bill that high again! I live by myself most of the time, have my son most weekends, 3 bedroom, 2,000 square foot condo. I bought a small space heater, I use it in my bedroom at night to keep that one room warmer, left the thermostat at about 60 degrees for the rest of the house. I might put the heat on to about 64 when I wake up. I rely on the son when it's out to heat the place to a nice temp during the day. So far this method works great for me and my bill has not since topped $200! I wonder how many other people had a shock last year and have changed their habits?
if oil is the bedrock of this rally, and if it continues its pure market price pattern from last year, that is $97.5 oil in 2 weeks and then bust
gas cards for christmas
Basel Too wrote:
Um, not going to happen on this run. Maybe once the disinvestment comes into play 1 year from now
edit: oh you said UNG as in the ETF, that's a mistake on top of a mistake
ResistanceIsFeudal wrote:
You guys are awful lucky we had a bumper maple syrup crop this year.
some investor guy wrote:
Isn't that kind'a like what we have now.
as Bart would say: Jeebus.
Basel Too wrote:
Not likely any time soon for the reason energyecon just pointed out. But long run NG is golden.
Hear, hear. I'm very glad that CR didn't attend, and my respect for him has only grown as a result of the decision.
homedad43 wrote:
No COLA for you in '10, what did you pay in old nominal dollars for future Cinqo's "substandard" VA care? That's what you get.
Now sit and watch oil go higher. Don't worry, while you were fighting in Afghanistan and Iraq, JPM/GS/
was buying up oil futures just in case and they'll sell it to you at free-market price. You weren't fighting for oil, anyway, but for fair elections like the Karzai beauty.
Energy companies are slow walking the big projects they like, shelving the marginal ones and generally imposing "capital discipline" - aka reduced budgets. Some companies in big oil have already had some headcount reductions, and Shell recently announced a 5% global workforce reduction. The largest independents are also reducing budgets, and there has been some consolidation activity already in the nest tier down (Denbury acquistion of Encore, for example) which typically result in headcount reductions to realize the 'synergies'...so if there is anything to the the
meme, it is going to rapidly run into supply constraints which would suggest higher oil prices.
tncubsfan wrote:
The utilities got rate increases when the price soared. They're a little slower on the way back down.
yeah, he knows that, but it's amazing how many small businesses owners don't hedge any commodity that's 40% of their input costs.
1 currency now -yogi wrote:
It depends on the laws of the state. It also depends on whether the borrower wants to live in suburban Long Island with eviction stickers on the front door and have the neighbors treat them like pariahs and losers. Going through court is expensive regardless, but having title from the beginning does give you other benefits, and this assumes the borrower doesn't pay. The likelihood of the borrower paying the rent far outstrips any complications that may arise from eviction.