Idle musings about our economy...(2)... |
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Karl_db 
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Joined: 12 Mar 2008 Posts: 29686 |
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 Topic: Idle musings about our economy...(2)...Posted: 12 Mar 2012 at 4:57pm |
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They better give us folks a huge pay raise so it helps when they raise our taxes. LOL
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Don Watkins
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Admin Joined: 14 Mar 2008 Posts: 22625 |
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Posted: 15 Mar 2012 at 7:00am |
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Didn't see this on the front page anywhere. Washington Distracts Us As Fiscal Disaster Looms I agree, I've crunched the numbers. The government could take every private penny and it's still not possible to dig out of this hole. You just can't make the math work. |
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Bob
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Joined: 14 Feb 2008 Location: Piney woods Tex Posts: 11349 |
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Posted: 15 Mar 2012 at 8:12am |
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That's discouraging reading .... but not shocking. Dependency based nation - that's the key phrase in the article.
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 15 Mar 2012 at 8:22am |
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"...compulsory charity..". That's a new one to describe taxes.
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Don Watkins
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Posted: 23 Mar 2012 at 5:54pm |
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Corzine should have taken the 5th, now it's perjury as well as theft. Corzine Corzined - Congressional Panel Finds Former MF Global CEO Ordered JPM Fund Transfer Oh, wait, he's a rat, nevermind. |
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 23 Mar 2012 at 7:58pm |
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Yep yep...that's what happens when his lips move...
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Don Watkins
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Posted: 23 Mar 2012 at 8:01pm |
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I couldn't believe he didn't take the 5th, now it looks like he should have but then he might have bigger problems.
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Don Watkins
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Admin Joined: 14 Mar 2008 Posts: 22625 |
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Posted: 27 Mar 2012 at 6:10am |
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Excellent screed on the current state of affairs as well as economics in general, especially good comments about the Fed. No idea if this is the next bubble: The First Crack: $270 Billion In Student Loans Are At Least 30 Days Delinquent But I was stuck by this:
Yeow! $40B per MONTH? Something else we're on the hook for since all student loans are from "us" these days. |
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 27 Mar 2012 at 5:23pm |
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It amazes me how much is owed by those 30 and older. Ouch. That's the age that I'd think folks would be looking ahead (like home, family, vehicle, medical, retirement funds) rather than still worrying about an education expense. (Maybe they started college late...)
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Don Watkins
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Admin Joined: 14 Mar 2008 Posts: 22625 |
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Posted: 27 Mar 2012 at 6:22pm |
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Whew, that is a heavy load and like the IRS they ain't going away unless the occupy folks get their way.
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 27 Mar 2012 at 8:52pm |
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Talking about another "bubble" and the economy made me think of this:
Mark Steyn: Gradual insolvency about to speed up |
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Don Watkins
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Posted: 05 Apr 2012 at 12:43pm |
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Bob
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Joined: 14 Feb 2008 Location: Piney woods Tex Posts: 11349 |
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Posted: 05 Apr 2012 at 1:58pm |
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And the general public will not be told if they don't read financial news, nor will any indexed programs use anything other than the BLS figures.
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 05 Apr 2012 at 2:55pm |
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I'm guessing the general public will go with their gut feeling...experience....not what anybody puts out as the inflation rate. General Mills is a lot closer...but I'd still estimate them being on the low side. Just my "gut" feeling.
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 06 Apr 2012 at 7:55pm |
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Jobs Report: The Beginning of a Disappointing Trend? | Daniel Gross - Yahoo! Finance
Someplace the last day or so I read another story related to job reports. Detailing how the official government job reports have been pure bunk. Lots of smoke and mirrors...lots of changes in how jobs (and even non-jobs) are counted or not counted. Amazing. |
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Don Watkins
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Posted: 06 Apr 2012 at 8:02pm |
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It should be on the fiction list. Saw some of the details when it came out this morning and even cooked the numbers are dismal.
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Karl_db
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Posted: 07 Apr 2012 at 5:19am |
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While watching a video clip from Bob (Stossel) there was another clip on the page that caught my eye:
How the president's energy agenda shaped today's economy | Video | Fox News About 8 minutes. Hannity with a large group of the 1%-ers as participating audience members. I'm not sure how to take a lot of their comments about the economic recovery. Our factory is up, way up, on business. But perhaps that's an anomaly (since their product targets higher income folks). |
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 07 Apr 2012 at 6:09am |
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Karl_db
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Joined: 12 Mar 2008 Posts: 29686 |
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Posted: 07 Apr 2012 at 7:27am |
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Maybe we should move to China...
Obama Administration Applauds Tax Cuts—In People’s Republic of China | The Moral Liberal |
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Don Watkins
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Admin Joined: 14 Mar 2008 Posts: 22625 |
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Posted: 07 Apr 2012 at 7:32am |
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The world has gone certifiable.
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