It looks like you're using an Ad Blocker.

Please white-list or disable AboveTopSecret.com in your ad-blocking tool.

Thank you.

 

Some features of ATS will be disabled while you continue to use an ad-blocker.

 

The "up-to-the-minute Market Data" thread

page: 306
189
<< 303  304  305    307  308  309 >>

log in

join
share:

posted on May, 14 2009 @ 02:31 PM
link   
reply to post by spinkyboo
 


My cholesterol and blood pressure treatments are Olive leaf extract, Resveratrol liquid and red rice yeast capsules.

Now this is very interesting, if we are to look at what is behind the good will of big pharma the truth is that the people that are losing jobs in this nation are also losing their medical insurance, statin drugs is one of the biggest sellers for pharma and most of the jobs lost are actually in the middle income sector so eventually is going to affect the profits of drug pushing companies.


Many once off certain drugs is hard for them to get back to them if is not insurance to cover the cost, so hey lets keep people hook on them for free until the economy recovers in one year.


Now what people to do while waiting at home for another job, humm with all that free time, yes lets make wupyyyy.

So there you have the reason for free viagra I can only see the birth rates going on during this recession thanks to pharma.
good will.




posted on May, 14 2009 @ 02:36 PM
link   
Well at least he realizes the folly of the current actions, but I do think he has the wrong cause for the problem

Obama Says U.S. Long-Term Debt Load ‘Unsustainable’


May 14 (Bloomberg) -- President Barack Obama, calling current deficit spending “unsustainable,” warned of skyrocketing interest rates for consumers if the U.S. continues to finance government by borrowing from other countries.

“We can’t keep on just borrowing from China,” Obama said at a town-hall meeting in Rio Rancho, New Mexico, outside Albuquerque. “We have to pay interest on that debt, and that means we are mortgaging our children’s future with more and more debt.”

Holders of U.S. debt will eventually “get tired” of buying it, causing interest rates on everything from auto loans to home mortgages to increase, Obama said. “It will have a dampening effect on our economy.”

The president pledged to work with Congress to shore up entitlement programs such as Social Security and Medicare and said he was confident that the House and Senate would pass health-care overhaul bills by August.

“Most of what is driving us into debt is health care, so we have to drive down costs,” he said.


More Screw the shareholders action


Bidders for BankUnited Financial Corp. are asking federal regulators to put the company into receivership before selling its assets, a step that could wipe out shareholders, people familiar with the matter said.

BankUnited, the biggest lender based in Florida, has more than tripled in the past month in Nasdaq Stock Market trading on speculation the company would be acquired. In a receivership, bidders would buy the bank’s assets from the government.

Potential buyers, including a private-equity group led by former North Fork Bancorp Chief Executive Officer John Kanas, have expressed an interest in purchasing the Coral Gables, Florida-based lender out of receivership, said the people, who declined to be named because the talks are private. The bidding deadline was pushed to May 19 from today, the people said, which may help the Federal Deposit Insurance Corp. find a buyer willing to avert receivership.


More Resignations - Blackrock this time


BlackRock Inc., the largest publicly traded U.S. asset manager, said Mark Williams and Kevin Booth, two managing directors who ran high-yield debt portfolios, resigned.

Williams ran the New York-based company’s bank-loan investment team and was co-head of its leveraged finance business. Booth was co-head of the firm’s high-yield team and also co-ran the leveraged finance business, according to regulatory filings.

James Keenan, Mitchell Garfin and Derek Schoenhofen are now managing the BlackRock High Yield Bond Portfolio, according to a May 8 filing with the U.S. Securities and Exchange Commission. Leland Hart and Adrian Marshall are now the portfolio managers for the BlackRock Senior Floating Rate Fund, which invests in high-yield, high-risk loans, according to another regulatory filing that day from the $1.3 trillion investment firm.


Get out before you get caught, eh?

And, how about investigating the crooks in Banking instead...

U.S. Subpoenas NM State Fund in Probe of Investments


U.S. prosecutors have subpoenaed New Mexico’s $11.8 billion state endowment funds for documents regarding investment activities, according to a state spokesman.

The New Mexico Investment Council, which includes Governor Bill Richardson, received the request earlier this month, said spokesman Charles Wollman, in a telephone interview. He declined to describe the contents of the subpoena, issued by the U.S. Attorney in Albuquerque.

“We’re working to comply with the request of the authorities,” Wollman said. “We’ll be cooperating fully.”

The Justice Department is already investigating whether a California financial adviser was awarded $1.5 million in bond and interest-rate swap work in New Mexico in 2004 in exchange for $100,000 in donations to Richardson political committees. Richardson, who has denied wrongdoing, withdrew from consideration as U.S. commerce secretary following disclosure of the probe.


I'm sure that the commerce secretary is diligently looking into all kinds of improper campaign donations - anyone remember those gazillion under $200 donations tot he obama campaign?



posted on May, 14 2009 @ 02:39 PM
link   
reply to post by redhatty
 


Interesting, it took this long for Obama to actually realized that the deficit is unsustainable, darn didn't we have been telling the same thing since the first bail out was signed in?

Why is this people so slow of thinking, darn they should all fired the morons I mean geniuses that he have in his financial team and get advise here in this thread for free.




posted on May, 14 2009 @ 02:40 PM
link   
reply to post by marg6043
 


What about all the Prozac and Paxil addicts who will no longer have the means to feed their addiction, can you just imagine the rise in crime as all these people detox?

I can completely support giving free access to life sustaining critical drugs, but Viagra, prozac, Soma, etc. Nope

Gonna be some very unstable people having a bad time in life real soon



posted on May, 14 2009 @ 02:42 PM
link   
reply to post by redhatty
 


You know that is true, a but the fancy pills to tread problems related with stress are more concentrated in the white collar sector than in the blue one.

So all those wall street big money makers that has lost everything are the ones that will be having detox problems.



posted on May, 14 2009 @ 02:54 PM
link   
ROFLMAOPIMP

Don't like that the rating agencies may drop America's Rating? Then look for new agencies...

Bernanke May Revise Fed Rules Favoring Moody’s, S&P, Fitch


The U.S. Federal Reserve may revise rules that currently favor Moody’s Investors Service, Standard & Poor’s and Fitch Ratings, Fed Chairman Ben S. Bernanke said in a letter released today by Connecticut Attorney General Richard Blumenthal.

The Fed is “conducting a broad review of our approach to using rating agencies,” Bernanke said in an April 13 letter written in response to a complaint from Blumenthal that the central bank’s rules unfairly favor the companies that helped cause the financial crisis.

“That review encompasses the ratings of securities of all types accepted as collateral at all our recently established credit facilities as well as collateral accepted to secure regular discount window loans,” Bernanke wrote.

David Skidmore, a Fed spokesman, didn’t return calls seeking additional comment.


Like anyone with a brain believe that, as GBM calls him, Uncle Ben is worried about how MBS were rated 6+ months ago and that is causing this action (taken yesterday).

Nope, not the news reports that the US rating may be lowered - which came out yesterday.

Nothing to see here folks, move along



posted on May, 14 2009 @ 02:58 PM
link   
More Green Shards...

Stocks still face deflationary collapse: Prechter


Longtime technical analyst Robert Prechter, who forecast the 1987 stock market crash, predicted this week that U.S. equities may plunge to half their lows hit in March as a deflationary depression bites.

Oil and U.S. Treasury bonds are also locked in long term bear markets, while corporate bond prices will plunge precipitously by next year as broad economy, banking system and company earnings sustain more damage from a financial crisis that's akin to the Great Depression, he said.

The U.S. S&P 500 stock index's .SPX rebound by nearly 40 percent since it sagged to a 12-year closing low of 676 points on March 9 is not sustainable, Prechter said in an interview with Reuters.

"It's not the start of a new bull market," said Prechter, chief executive at research company Elliott Wave International in Gainesville, Georgia. "Our models are (showing) right now that it is a much bigger bear market than most people realize, something along the lines of 1929-1932," he told Reuters in a wide ranging interview. "It's a very rare event," he added.

"I think the next leg down will be at least as severe if not more severe than what we just experienced. So you want to stay on the side of safety," he said.

More at link



posted on May, 14 2009 @ 03:09 PM
link   
reply to post by redhatty
 


This will not be good for the oversea investors, seems like the markets are starting to see the reality of the American economic meltdown.


Next Financial Collapse Could be Looming, Worse than Current ,

Americans are being lulled into a false sense of economic security through misleading economic indicators that have been pushed upward by optimistic investors - a phenomenon that has the potential to lead Americans to return to living well beyond their means, according to Edward Hadas of breakingviews.com.

“While the economic arrows are still mostly pointing downward, markets seem to be twisting the data in a positive direction,” he writes. “A few numbers suggest that a little bit of the exuberance of the go-go credit years could be returning.”

One of the indicators of economic data being twisted in a positive direction is the fact that the trade deficit is once again on the rise. As a matter of fact, the trade deficit experienced its first month-over-month rise since last July.


www.economyincrisis.org...

Interesting that the "economist" are now coming to the realization that without money in the streets as in the hands of the American consumer, is not way the economy is going to generate profits for many companies and retailers.

So far the "capital has been exclusively on the financial and big companies".

But even if capital is to fall in greatest numbers into the hands of the "consumer" that profits will be in the hands of nations like China.

It seems to me that we are on road that is leading to no where.

Beware a premature return to 'normal'

money.cnn.com...

And the fight for the dealership is getting heated and perhaps down ugly



[edit on 14-5-2009 by marg6043]



posted on May, 14 2009 @ 03:19 PM
link   
The market had a small uninspiring bounce today, I wonder if investors will get another chance to sell out above 8400 on the Dow? Mondays drop looked like profit taking and Tuesday looked like a recovery day. Wednesday was the first real sign there might be trouble. The last two times we had pullbacks since mid March the Dow went on to make new highs. This time around the good news may have already been priced into the market. Its good to hear from both the short term bulls and the Bears on this thread!



posted on May, 14 2009 @ 03:54 PM
link   
reply to post by GreenBicMan
 



This is all of course b/c the public put the congress on a witchhunt

You could say this is the "average american's" fault


The public is astoundingly ignorant.. I would say you're 100% correct in your assessment.



posted on May, 14 2009 @ 03:58 PM
link   
reply to post by Rockpuck
 


And I only say that b/c they dont want to lose their seat, so they do what you say.. if the common are bleeding, well they at least better pretend to care

Same thing could be said for that gov. from texas and wanting to break away from USA



posted on May, 14 2009 @ 04:12 PM
link   

Originally posted by GreenBicMan
And I only say that b/c they dont want to lose their seat, so they do what you say.. if the common are bleeding, well they at least better pretend to care

Same thing could be said for that gov. from texas and wanting to break away from USA


I can't say I completely agree with that. Public response was 300:1 AGAINST the bailouts last year, yet they still passed that.

In many states, Sovereignty re-affirmations are up for vote, and in some, despite a HUGE amount of public support for the resolutions, they have not passed.

Most politicians know that americans have a very short attention span, so many times, they will do as they wish (or are paid to) regardless of what the public says. Especially if they have plenty of time before the next election!



posted on May, 14 2009 @ 04:15 PM
link   
reply to post by redhatty
 


true..

that bailout was going to pass no matter what though.. the wheels were in motion prob. quite a while before that is all announced

either way, neither of us, or 99.99% of the population will prob. never know what really went on



posted on May, 14 2009 @ 06:47 PM
link   

Originally posted by marg6043
reply to post by stander
 


Nah, I am no risk taker when you get to live four decades and see what has become in this nation, the government, the corporate raise to corruption you think two times before taking risks.

And as for the bikini, well at least you are nice enough and no asking for naked pictures, like somebody else ask me on another thread (as a joke)


marg, sweetie, you are too smart to answer to by shooting-from-the waste style. But I think it's not the matter of morality but reality. I have a bad feeling that the bus we are on is taking us to the intersection of Economy and Sex Avenues. Yep, you got it, girl.
It's all fu-ked up.



posted on May, 14 2009 @ 07:06 PM
link   

Originally posted by stander

marg, sweetie, you are too smart to answer to by shooting-from-the waste style.


Trust me I have been around to know double talking but I brush it out with Innocent, style and ingenuity is one of my best attributes I am after 100% a lady.


Yep, you got it, girl.
It's all fu-ked up.



No, not us the people, the fat rats running the nation and they are scare my friend very scare.


We are just going for the ride . . . . and enjoying it.


[edit on 14-5-2009 by marg6043]



posted on May, 14 2009 @ 08:35 PM
link   
Get your TARP here, Get your TARP, Nice Capital TARP

Treasury Agrees To Aid Insurers
Six Firms Gain Access to Funds



The Treasury yesterday granted preliminary approval for some of the nation's largest insurance companies to receive capital infusions under the government's Troubled Assets Relief Program, Treasury spokesman Andrew Williams said.

Recipients are Hartford, Prudential, Allstate, Ameriprise, Lincoln National and Principal Financial Group, he said. The insurers notified yesterday are among hundreds of financial institutions in the pipeline "that are being reviewed and funded as appropriate on a rolling basis," Williams said.

The money could shore up the life insurance industry, which plays a major role in the economy and has been weakened by the financial crisis. In addition to paying death benefits, life insurers deliver retirement income in the form of annuities. They are big investors in corporate bonds and commercial real estate.


Screw the little people, but help the fatcats. We are nothing more than worthless eaters anyway, right???



posted on May, 14 2009 @ 08:51 PM
link   
reply to post by redhatty
 





Screw the little people, but help the fatcats. We are nothing more than worthless eaters anyway, right???


Isn't it so obvious that the system doesn't function at all? The presumed system... of wealth production... So what is now trade about? Hmmm...

Distribution of Government grants...
Governmental Industrial Age on the Horizon...
Right! Cheaper to breed than to feed...
Totalitarian system is a suicidal system, it is self devouring.
Observe the degradation in the following year, I mean yearrrssss....



posted on May, 14 2009 @ 08:56 PM
link   

Originally posted by GreenBicMan
reply to post by redhatty
 


true..

that bailout was going to pass no matter what though.. the wheels were in motion prob. quite a while before that is all announced

either way, neither of us, or 99.99% of the population will prob. never know what really went on


Hold on there... I'm not so sure. If you don't mind, I'll point you to a thread I posted earlier today about a bombshell release of documents secured through the Freedom of Information Act. It looks like we're gonna find out what went down after all. This could get real ugly soon.

www.abovetopsecret.com...



posted on May, 14 2009 @ 09:06 PM
link   
reply to post by redhatty
 


Well now you all know where the next up 1 trillion dollars of new bailout is going for.

Interesting, that if this firms didn't have the Capital why are they still in business, but I can tell you this much they had no problem paying out bonuses, fees and splendor for the ones on the top.

What are we getting out of this? nothing but unemployment, foreclosures and hardship so somebody else can still live the life in Richistan America.



posted on May, 14 2009 @ 09:09 PM
link   
reply to post by DangerDeath
 


The system now that has taken over our nation, is to benefit only one class, making the division of classes wider and wider specially during the this recession and at the end the tax payer will be sacrificed for the ones holding the power.



[edit on 14-5-2009 by marg6043]



new topics

top topics



 
189
<< 303  304  305    307  308  309 >>

log in

join