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: 656
189
<< 653  654  655    657  658  659 >>

log in

join
share:

posted on May, 17 2010 @ 08:54 AM
link   
reply to post by MrDarlingFace
 


That shouldn't surprise you.

Most people here are very low end retail / unintelligent in financial markets.

Retail players love to buy at the top and sell at the bottom. About 10,000 posts back on this thread I said the best contrarian indicator is this website.

No offense to anyone, but it is why being a contrarian is usually profitable in markets and sports betting alike.




posted on May, 17 2010 @ 09:19 AM
link   
www.businessinsider.com...

EPIC FAIL: California Now Has A Higher Default Risk Than Battle Zone Thailand


abcnews.go.com...
America's Layoff Capitals
Soaring Unemployment Rates in California, New York State Tops the List


caivn.org...
California budget crisis: it's worse than you think

www.businessinsider.com...-april-1-the-state-has-operated-on-week-to-week-emergency-spending-bills-1

15 Scary Reasons Why It's NEW YORK That's The Next Greece


www.newser.com...
Why the World Should Worry About California



posted on May, 17 2010 @ 09:27 AM
link   
"Why the World Should Worry About California" ?

Maybe because Arnold is Governor ! Maybe the next president will be Stallone or Cena ? the US had already elected an actor as president...

Concerning the markets, I can see a high volatility in the CAC 40 and DAX. I guess the DOW will follow the same pattern !



posted on May, 17 2010 @ 09:45 AM
link   
reply to post by TheCoffinman
 


Thanks for bringing this up, is a commercial going on here in the south that is telling people that the combine states deficits are over 123 trillion dollars that means that California is not the only state in a hole and about to get worst, but most American states are in the same hole and nobody follow ups on the real stories.

I mean combine debt of states doesn't include the Federal deficit in it.



[edit on 17-5-2010 by marg6043]



posted on May, 17 2010 @ 09:53 AM
link   
reply to post by marg6043
 


123 Trillion?

LOL

I am going to have to call shenanigans on this one.

Maybe it is the debt scheduled for the next "X" amt. of years of liabilities or something..



posted on May, 17 2010 @ 10:02 AM
link   
God how good would CNBC's ratings be if they just kept Amanda Drury on TV instead of Old Man Kudlow and Trish.

They need to can Trish "The Dish" as well. After seeing here in Marijuana Inc. I lost all respect for her stupid ass. God she is dumb.



posted on May, 17 2010 @ 10:13 AM
link   
reply to post by GreenBicMan
 


Well look at the California debt and then imagine that debt going all over the states in the US, it will add up in no time, specially with the projected debt in each state as their deficits keep growing no shrinking.



posted on May, 17 2010 @ 10:16 AM
link   
reply to post by marg6043
 


123 Trillion?

123,000 Billion Dollars?


I am not buying what this commercial is selling. I would need to see how far that debt is projected out to.



posted on May, 17 2010 @ 10:22 AM
link   
reply to post by GreenBicMan
 


Actually is about the growing deficit in the nation including the states, now if the entire sum is about pensions, retirements, government workers in the states, Medicare and Medicaid, then it could add to that amount.

I will pay more attention the next time they run the add and see where is coming from

I did found that in California alone

Overall, the combined state pension debts, according to Joshus Rauh of Northwestern University and Robert Levy-Marx of the University of Chicago, is a staggering $5.17 Trillion dollars. Only $1.94 Trillion has been set aside to pay those obligations, leaving a gap of $3.23 Trillion.


www.thenewamerican.com...

Now I see how adding other expenses at per individual state can add up.



[edit on 17-5-2010 by marg6043]



posted on May, 17 2010 @ 10:23 AM
link   
reply to post by marg6043
 


Yes, do that.

I am truly interested how they twisted these figures.

123 Trillion sure catches your attn. though, does it not?



posted on May, 17 2010 @ 10:25 AM
link   
reply to post by GreenBicMan
 


Yes it did, the add is run in the CNBC channel.

Now look at California along when it comes to pensions, now doesn't that could add up if you link all the states together?



posted on May, 17 2010 @ 10:30 AM
link   
123 trillion dollars...

Now let's see.

Social security : 14.334 trillion
Prescription drugs : 18.965 trillion
Medicare : 75.420 trillion
National debt : 12.971 trillion
State debt : 1.105 trillion
Municipalities debt : 1.913 trillion
Total personal debt : 16.557 trillion

Total : 141.265.000.000.000$ in debt and growing.


[edit on 17-5-2010 by Vitchilo]



posted on May, 17 2010 @ 10:50 AM
link   
reply to post by Vitchilo
 


Thanks Vichilo that is what I was looking for but I didn't connect the dots.

If you don't mind I will link that to other threads that I have posted about the add on the TV lately.



Now, why nobody cares about this growing debt and they only concentrate on the debt of the Federal deficit?, after all debt is debt and is not way in hell we will get out of this one.

this mostly financial obligations in the states that they will no be able meet in the future at some point.



posted on May, 17 2010 @ 11:04 AM
link   
DJIA falling hard now

Dow Jones Industrial Average 10,464.78 12:03PM EDT Down 155.38 (1.46%)

JPY breaks under 92

EUR breaks under 1.23



posted on May, 17 2010 @ 11:06 AM
link   
reply to post by Hx3_1963
 


Euro close has been pretty interesting every day the past few weeks.

Major volatility every day it seems at Euro close.



posted on May, 17 2010 @ 11:07 AM
link   
reply to post by Vitchilo
 


Due in how many years.....?

I can make up any number I want as well. This is how you fool people that are uninformed.



posted on May, 17 2010 @ 11:09 AM
link   
reply to post by GreenBicMan
 


So you don't believe we are that much in debt? when it comes to states obligations GB?



posted on May, 17 2010 @ 11:13 AM
link   
reply to post by marg6043
 


See these numbers are retarded for one reason.


WHEN THE HELL IS THIS DEBT DUE? 10-50-100 years???


Then you can start comparing apples to apples.



posted on May, 17 2010 @ 11:24 AM
link   



posted on May, 17 2010 @ 11:25 AM
link   
reply to post by GreenBicMan
 


Yes but when it comes to states income to pay for that debt the income in no there, that is why California when it comes to pensions it doesn't have the money to meet all the obligations.

Look at SS, do you think the government have enough money to pay for the obligations of existing SS recipients and those baby boomers that will start collecting soon? how about pensions, retirement and Medicare.

The taxable income in the nation is shrinking not growing is America to meet obligations for its citizens in let say 10 years? 20? how about next year when the mammoth HCR initial cost hits the tax payer.

I don't think that is going to take 100 years before the debt hit us straight in the face I think is going to happen in my life time.



[edit on 17-5-2010 by marg6043]




top topics



 
189
<< 653  654  655    657  658  659 >>

log in

join