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It's The Economy, STUPID!.....

Started by FOTD, December 16, 2007, 11:03:35 AM

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rwarn17588

Umm, I'm pretty sure Franklin Tower is a spoof, cf. Not a very good one, but a spoof nonetheless.

So there's no sense of answering in earnest when the original post isn't.

we vs us

quote:
Originally posted by rwarn17588

Umm, I'm pretty sure Franklin Tower is a spoof, cf. Not a very good one, but a spoof nonetheless.

So there's no sense of answering in earnest when the original post isn't.



See there?  I'm not the only one who thinks FT is a sock puppet.

Good eye, RWarn, good eye.

FOTD

#227
quote:
Originally posted by twizzler

quote:
Nobody mentioned Dollar Thrifty stock hit the sheeter today....down %40?


Dollar Thrifty dropped $3.75 to close at $5.70. A little over a year ago they were trading at over $52.00 - close to a 90% drop since that time.

$5.70/share is getting rather low for a company with only 21.6 million shares outstanding. After today's drop, the company has a market cap of only $123M.



It's getting clobbered again today....down another %28 and BOK is getting hammered .....down %7.5.

Interesting CF. I'm not buying stocks for awhile. The Bushevik hangover may lead to depression although I am downright optimistic about the dark siders getting out of the capitol. You ever seen the market go up with interest rates and inflation?

I think GM goes under before Ford. Ford may survive. They at least have a prototype ready for production that is lectric like FOTD.

FOTD

Here's an interesting read:
An Interview with Michael Hudson

Getting to the Heart of America's Economic Crisis
By MIKE WHITNEY
http://www.counterpunch.org/whitney07012008.html

"a major reason why savings are flowing into these banks because the tax laws make it more profitable to debt leverage than to invest in industrial capital. The tax system has shaped a market where it pays more to speculate than to invest in building up new means of production. The financial sector has been deregulated on the logic that whatever makes the most money is the most efficient. The product that banks are selling is debt, and help in corporate takeovers, mergers and acquisition. Credit is a product that's almost free to create. Its main cost of production is the lobbying expense to buy Congressional support."

"The moral is that you can't really have a grab for empire ­and the wars that go with it ­and at the same time have a booming economy."
"America's super-rich have returned to the days of the Roaring Twenties. As the rest of the country struggles to get by, a huge bubble of multi-millionaires lives almost in a parallel world. The rich now live in their own world of private education, private health care and gated mansions. They have their own schools and their own banks. They even travel apart - creating a booming industry of private jets and yachts. Their world now has a name, thanks to a new book by Wall Street Journal reporter Robert Frank which has dubbed it 'Richistan'."

Paul Harris


Bush made us depressed the second he stole the election.....

cannon_fodder

quote:
Originally posted by rwarn17588

Umm, I'm pretty sure Franklin Tower is a spoof, cf. Not a very good one, but a spoof nonetheless.

So there's no sense of answering in earnest when the original post isn't.



lol, I'm losing my shirt on Ford.  I may be a little sensitive to the subject.  Stupid Kerkorkian only buying a pro-rata share of tendered stock.  Stupid Ford.

And it wasn't a very good spoof, if it was.
- - - - - - - - -
I crush grooves.

FOTD

quote:
Originally posted by cannon_fodder

quote:
Originally posted by rwarn17588

Umm, I'm pretty sure Franklin Tower is a spoof, cf. Not a very good one, but a spoof nonetheless.

So there's no sense of answering in earnest when the original post isn't.



lol, I'm losing my shirt on Ford.  I may be a little sensitive to the subject.  Stupid Kerkorkian only buying a pro-rata share of tendered stock.  Stupid Ford.

And it wasn't a very good spoof, if it was.



Man you're smart.....but the women are smarter.

Conan71

Ford and GM are American institutions.  The gov't will step in just like they have for the airlines, and idiot bankers before either one of these companies goes T.U.  They might wind up in Ch. 11, but I don't think you would ever see either go out of business.

"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

Gaspar

I don't agree with the government policy of subsidizing failure.  Look at what it's done to the airline industry.  A few carriers are kept afloat at the expense of all others.

Failure is painful but once the band-aid is off oppertunity is created for smarter, sleeker business.

Government subsidies force businesses to continue to make the same mistakes over and over, and lessen the hope for smart competition to capture market share.


When attacked by a mob of clowns, always go for the juggler.

Conan71

quote:
Originally posted by Gaspar

I don't agree with the government policy of subsidizing failure.  Look at what it's done to the airline industry.  A few carriers are kept afloat at the expense of all others.

Failure is painful but once the band-aid is off oppertunity is created for smarter, sleeker business.

Government subsidies force businesses to continue to make the same mistakes over and over, and lessen the hope for smart competition to capture market share.






Didn't say I was for it, just predicting what our predictable government would do.

My next door neighbor claims he wrote a paper when he was going to TU about the airline industry.  He said taken as a whole, the airline industry has never been a profitable business.  His methodology was taking gain and loss years of all carriers and he said it was pretty much a wash.  I don't know if there is truth to that, but interesting nonetheless.

"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

rwarn17588

quote:
Originally posted by Conan71

QuoteOriginally posted by Gaspar



My next door neighbor claims he wrote a paper when he was going to TU about the airline industry.  He said taken as a whole, the airline industry has never been a profitable business.  His methodology was taking gain and loss years of all carriers and he said it was pretty much a wash.  I don't know if there is truth to that, but interesting nonetheless.




When factoring in the sum total of all companies in all industries that are making money and losing money, wouldn't a wash be a predictable result in total?

I'm not being a smarta**; just asking. I'm not sure the premise -- or result -- is all that unique.

There are plenty of poorly run air carriers. But Southwest has proven time and time again that money can be made in the airline industry.

Conan71

quote:
Originally posted by rwarn17588

quote:
Originally posted by Conan71

QuoteOriginally posted by Gaspar



My next door neighbor claims he wrote a paper when he was going to TU about the airline industry.  He said taken as a whole, the airline industry has never been a profitable business.  His methodology was taking gain and loss years of all carriers and he said it was pretty much a wash.  I don't know if there is truth to that, but interesting nonetheless.




When factoring in the sum total of all companies in all industries that are making money and losing money, wouldn't a wash be a predictable result in total?

I'm not being a smarta**; just asking. I'm not sure the premise -- or result -- is all that unique.

There are plenty of poorly run air carriers. But Southwest has proven time and time again that money can be made in the airline industry.



Indeed sir.  And do so with a sterling safety record to boot.

"It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first" -Ronald Reagan

FOTD

(neo-con motto)
"reduce the size of the US government until it will drown in a bathtub of water".


Small Banks' Reckoning Day Is Coming
Billions in Troubled Construction Loans
Promise to Pose Test for Regional Lenders

http://online.wsj.com/article/SB121494953423420859.html

"Analysts question whether some small banks are putting off foreclosures because they lack adequate capital to absorb the large losses."

Tip of the iceberg and we are riding a vessel called Titantic.


Gaspar

Wisconsin 5 Cheese Bake

1 (16 ounce) package elbow macaroni
1 cup shredded mozzarella cheese
1 cup shredded Swiss cheese
1 cup grated Parmesan cheese
1 cup shredded provolone cheese
1/2 cup ricotta cheese
1/2 cup sour cream
1/2 cup heavy cream
1 tablespoon chopped fresh parsley
1/2 teaspoon dried Italian seasoning
1/2 teaspoon garlic salt


Preheat the oven to 400 degrees F (200 degrees C). Bring a large pot of lightly salted water to a boil. Add macaroni, and cook until tender, 6 to 8 minutes. Drain.

In a large bowl, toss together the mozzarella cheese, Swiss cheese, Parmesan cheese and Provolone cheese. Remove about 1/2 cup for topping and set aside. In a separate bowl, stir together the ricotta cheese, sour cream and heavy cream. Season with parsley, Italian seasoning and garlic salt.

Pour the ricotta cheese mixture and drained macaroni into the bowl with the cheeses and toss lightly. Do not mix too thoroughly, it's better left messy. Pour into the prepared baking dish. Sprinkle the reserved cheese over the top.

Bake in the preheated oven until cheese is melted, about 10 minutes, then turn the oven to broil. Broil for about 5 minutes to brown the top.
When attacked by a mob of clowns, always go for the juggler.

FOTD

You can't learn what you don't want to know......

RecycleMichael

#239
Five cheeses? gaspar...let me name them...cheese whiz, cheese soup, cheese like, string cheese and cheese slice.

Your pretentious attitude toward cheese shows how much you disdain the hard-working farmers in this country. You continually talk about foreign cheeses like swiss and spices from Italy. If you love Europe so much, you should go there.

I only hope that you can someday enjoy the simple things that Americans know equal quality of life. Things like cheese cubes in canned biscuits...

INGREDIENTS
1 (7.5 ounce) package refrigerated buttermilk biscuit dough
1 teaspoon dried oregano
3 ounces mozzarella cheese, cut into 3/4 inch cubes
2 tablespoons pizza sauce

DIRECTIONS
Preheat oven to 375 degrees F (190 degrees C).
Make an indentation in the top of each uncooked biscuit. Fill indentations with oregano and a mozzarella cube. Pinch the dough around the mozzarella cubes.

Place the biscuits, pinched side down, on a medium, ungreased baking sheet. Cover with pizza sauce.

Bake in the preheated oven 10 to 12 minutes, or until golden brown.
Power is nothing till you use it.