plunging dow

[Cancel7]

LMAO... Dano is on the fence and toppy has shown once again that he doesn't have a friggin clue what is going on in the economy.

But here is something that is little known…Toppy is surprisingly well-versed on the various lip gloss choices out there. You should have seen some of the posts he put up raving about the MAC lipglass line. And honestly, a girl can use a little help with navigating the minefield of high gloss, low gloss, wet gloss, stay on gloss, glass, sheen, etc.

I heard he is starting his own cosmetics blog?

 

[Cancel 2016.2]

But here is something that is little known…Toppy is surprisingly well-versed on the various lip gloss choices out there. You should have seen some of the posts he put up raving about the MAC lipglass line. And honestly, a girl can use a little help with navigating the minefield of high gloss, low gloss, wet gloss, stay on gloss, glass, sheen, etc.

I heard he is starting his own cosmetics blog?

I have no idea what you are ranting about.... which I think is a good thing.

 

[Cancel7]

I have no idea what you are ranting about.... which I think is a good thing.

It's down over 700 now. Getting kinda scary.

 

[Cancel 2016.2]

It's down over 700 now. Getting kinda scary.

8000

 

[uscitizen]

Yeah I still have not gotten over being against the bailout and the posters on here that had the same idea. Maybe I mave been having a positive impact on them ? I guess that is the best way to look at it.

 

[Onceler]

It's down over 700 now. Getting kinda scary.

You said it. I have to stop watching it.

It's not even directly affecting me; I have a 401K, but I'm not touching that for a few more Presidential administrations, so I don't even care what it looks like today. It's just scary how quickly things seem to be coming unhinged, and also that no one really has a handle on it.

 

[Obfuscate]

tell us genius... what would YOU propose be done to alleviate the credit problem?

Let prices get stable with market forces, handle a less severe recession now rather than a bigger one because you have stupid bailouts that only continue price distortions, weaken the dollar ect. I sure wouldn't try to fix them by printing debt or "Create a bottom" or bail out people who made bad choices only ensuring bad choices will again be made in the future. Plus, we lowered the funds rate to 2%, 3% below inflation levels to free up the credit markets, what did these banks do? Sat on it. What will they do with your 700 Billion? Sit on it and further delaying the inevidible and make it longer and worse.

I am OK with raising the FDIC limits and opening the discount window to investment banks and therefore regulate their leverage on a go forward.

 

[Don Quixote]

Not yet.

but soon

 

[Onceler]

"out people who made bad choices only ensuring bad choices will again be made in the future"

Do you really think that banks will make the same mistake again, and consolidate loans that aren't sound? I think the notion of that is absurd after everything that has happened. It wouldn't even be in the interest of short-term profit at this point, and the loan situation going forward will be much more closely monitored by both the gov't & the banks themselves.

If the banks can get back on their feet, the entire industry is going to change, in a dramatic way. The party is over no matter how you slice it.

 

[Damocles]

8000

Yeah, but the "bargain hunters" will bring it up tomorrow. *

Disclaimers:
*prediction is not based on any precognitive ability. Contrary to popular belief Nostradamus is not a relative and the prediction may not be as accurate as those of the quatrains, which are vaguer and more likely to produce the results you want. Any action taken on this prediction that results in negative returns is the fault of the reader.

 

[Cancel 2016.2]

Let prices get stable with market forces, handle a less severe recession now rather than a bigger one because you have stupid bailouts that only continue price distortions, weaken the dollar ect. I sure wouldn't try to fix them by printing debt or "Create a bottom" or bail out people who made bad choices only ensuring bad choices will again be made in the future. Plus, we lowered the funds rate to 2%, 3% below inflation levels to free up the credit markets, what did these banks do? Sat on it. What will they do with your 700 Billion? Sit on it and further delaying the inevidible and make it longer and worse.

I am OK with raising the FDIC limits and opening the discount window to investment banks and therefore regulate their leverage on a go forward.

ROFLMAO.... it is NOT a question of the banks making bad loans. It is a question of getting the banks to make the quality loans. Do you not comprehend the depth of the problem? Are you oblivious to the fact that without credit, our economy dies.... especially businesses that do not have consistent cash flow throughout the year.... which includes most retailers, most farmers and many small niche businesses.

Keep trying... perhaps you will come up with a viable option. Sitting back and doing nothing to loosen credit is not an option. Lowering rates does not necessarily translate to looser credit.

 

[Obfuscate]

Do you really think that banks will make the same mistake again

FHA is still making tons of loans, I'd bet 60% of what we sell are to FHA. Fannie and Freddie are still alive and will continue to work to meet the needs of housing for the poor. S & L crises was very much real estate related and here we are. Bail-outs and GSE's will not curb bad decisions, they'll just find a new way to get the tax payer to split the risk.

 

[Cancel 2016.2]

Yeah, but the "bargain hunters" will bring it up tomorrow. *

Disclaimers:
*prediction is not based on any precognitive ability. Contrary to popular belief Nostradamus is not a relative and the prediction may not be as accurate as those of the quatrains, which are vaguer and more likely to produce the results you want. Any action taken on this prediction that results in negative returns is the fault of the reader.

true, I am not suggesting that it goes straight down. There will likely be up days mixed in. But the trend is down.

 

[Chapdog]

glad i have an advanced degree, hard work ethic, good job for now, car with no payment, nice fixed mortgage and no cc debt.

Things are nasty out there. layoffs coming soon.

 

[Obfuscate]

Keep trying... perhaps you will come up with a viable option. Sitting back and doing nothing to loosen credit is not an option. Lowering rates does not necessarily translate to looser credit.

Like I said in the last thread to you, when in a year from now there is still a credit problem, House prices don't stabilize, we have higher inflation and a weaker dollar we'll see who was right. Of course you'll claim things would have been worse I'm sure.

Of course you're a Keynesian and think a group of congressmen and left wing economists will make better decisions for the markets than the markets will through a market correction.

 

[Cancel 2016.2]

Like I said in the last thread to you, when in a year from now there is still a credit problem, House prices don't stabilize, we have higher inflation and a weaker dollar we'll see who was right. Of course you'll claim things would have been worse I'm sure.

Of course you're a Keynesian and think a group of congressmen and left wing economists will make better decisions for the markets than the markets will through a market correction.

Obviously only time will tell exactly what will happen. But answer this... Do you or do you not see how tight credit is for small and mid size companies right now? (and many of the larger ones as well)

 

[Obfuscate]

Obviously only time will tell exactly what will happen. But answer this... Do you or do you not see how tight credit is for small and mid size companies right now? (and many of the larger ones as well)

I work at a bank, a bank that ONLY deals in real estate, the area hardest hit, we are still making every quality loan we can get and have no trouble financing them, we are making a lot less loans because there are a lot less quality loans to be made. We are not making more loans because they lowered the rate and we will not make more loans because of any bailout. The private sector and the banking sector lived above their means, you can't print debt and become the investor of last resort and expect that to cure the problem. As long as we don't allow that actual money suplly to decrease {we won't and this is why I agree with raising the FDIC limit} we will only go into a recession, possibaly one as bad as the early 80's then we can rebound. This BS now only gives the Government more power, delay the problem and possibaly make a greater problem by totally screwing the dollar.

 

[Cancel 2016.2]

I work at a bank, a bank that ONLY deals in real estate, the area hardest hit, we are still making every quality loan we can get and have no trouble financing them, we are making a lot less loans because there are a lot less quality loans to be made. We are not making more loans because they lowered the rate and we will not make more loans because of any bailout. The private sector and the banking sector lived above their means, you can't print debt and become the investor of last resort and expect that to cure the problem. As long as we don't allow that actual money suplly to decrease {we won't and this is why I agree with raising the FDIC limit} we will only go into a recession, possibaly one as bad as the early 80's then we can rebound. This BS now only gives the Government more power, delay the problem and possibaly make a greater problem by totally screwing the dollar.

Again, you are focusing on the real estate market. I agree that the quality real estate loans are available to an extent. The point you are missing is that credit has dried up or been tightened to a great extent on the LOCs that many businesses rely upon in order to do business. It is causing many to cut back on orders because their LOCs aren't big enough... which hurts their growth potential and leads to layoffs, which leads us into a downward spiral.

That said, I am not advocating the banks just start lending all willy nilly or anything. I do want to see them implement better credit standards. But they have gone to the extreme at this point. That is not good for the long term health of the economy.

 

[Good Luck]

Credit outside of real estate is not nearly as tight as many seem to fear. It has tightened some, which is not a bad thing. I have not heard of any problems with farmers who are getting ready to plant winter wheat. And other types of agriculture are just coming off of harvest, so won't need to worry about credit for a few months.

I know one thing: the number of offers for credit cards, personal loans, etc. I get on a daily basis has not diminished in the slightest. I average at least one per day snail mail, and at least 5 per day email. Of course I have good credit, so those types of offers going to people with lower credit scores may be tapering off, but again that is not necessarily a bad thing.

Until the scare mongers can actually show statistics indicating businesses, farmers and individuals who deserve credit are not getting it, I will continue to say the bail out is the biggest POS legislation ever thrown at us.

 

[uscitizen]

I keep getting emails from people from Nigeria wanting me to help em smuggle money....
or sell me sex enahncement stuff, for both sexes no less ?