Rising Foreclosures are actually BULLISH for the economy - let me convince you in this thread

reply to post by aravoth


not if you already had one while you had a job..

max that last one out and default to AMSCOTT.. big deal.. you are already in the hole already right?

some places dont even make you provide a paystub.. how rediuclous is that? Its so rediuculous its amazingly bullish

reply to post by aravoth


dp

[edit on 30-11-2009 by GreenBicMan]

Originally posted by GreenBicMan
ding ding ding

this means THINGS ARE GOOD/GETTING BETTER

This reflects 2 things my friend

1) RISK APPETITE INCREASING = EQUITIES RISING/ DOLLAR FALLING / COMMODITIES RISING

2) FLIGHT TO RISK/ OUT OF QUALITY (basically same things)

_____

Remember when the market tanked earlier this year.. guess WHAT WENT WAYYY UP..

Give you 2 guesses, but you will only need 1.. that is correct the US DOLLAR

[edit on 30-11-2009 by GreenBicMan]

[edit on 30-11-2009 by GreenBicMan]

Ummmm.... was this in response to my question? The one I posed right before this response? If so, I'm not understanding your answer.

Originally posted by GreenBicMan
Interesting..

So we dont produce anything you say?

We do produce certain things. Movies (although, for years many Hollywood films have been made in other countries - notably Canada and Australia), Porno, great tools. As far as I know, most "American" corporations produce whatever it is they produce in other countries. Even parts of our legal profession are beginning to be outsourced to India (document review, etc).

due theres a footloker a home depto on that list this isent any the weak thing .
my god when home depot starts shutting down stores next is oooo Kmarts mabby? hummm rember them
but hey you want few few dozzen more stores taht have shut down this past year ? humm like i said that was a PARCIAL list man theres gas stations shutting down .
must be from all that extrea money ppl arent spending
keep going lol i can easly get more list of store closings.
and PROVE how much money ppl arent spending.

reply to post by really


yes it was..

and think bigger like MSFT and ORCL and GOOG and GS (produces cash jigga') lol

ill explain in more detail hold on

reply to post by xxcalbier


dude, who cares about #ty retail stores closing

kb toys? get real.. who gives a rats ass when they can buy from AMZN for 10 cents cheaper..

you keep proving my point, although your understanding of the inner workings of the economy is a bit flawed no offense

Hey GreenBicman,
I don't want to throw your thread off track. If you'd rather U2U me your answer, I understand. However, I can't find it now but, you wrote earlier in the thread that historically when things are bad people invest in the dollar (or something to that effect). However, isn't the world dumping the dollar, buying gold, and looking to a basket of currencies at the moment instead of the dollar?


When things are bad people invest in the us dollar

--correct
--this happened earlier this year when the markets TANKED and the US DOLLAR TOOK OFF TO THE POSITIVE SIDE

Now.. dollar is going down right?.. Equities are RISING.. what does this mean?

--You know the answer now
--Speculators and investors are anticipating bullish news ahead 6-18 months down the line (stock market is a LEADING INDICATOR) and thats why the DOLLAR IS FALLING (THINGS ARE NOT THAT BAD THIS MEANS) and EQUITIES RISING = PEOPLE ARE WILLING TO TAKE ON MORE RISK

Does this make sense now?

here you go a cheepo store every one knows family dollors
lwell heres how manny stores THEY closed and rember they price with walmarts. closed 25
humm should i go look up dollor general? o btw they opend a 1000 a year befor this downturn.

reply to post by GreenBicMan


That's true, we do produce a lot of software. But that doesn't employ as many people as, let's say, an automobile factory would. Or a sneaker factory.

As for the dollar going up when the market tanked in October, 2008 - aside from a few spikes it's been going down consistently since then. Jim Rogers, Warren Buffet - these men believe gold is going to go up, up, up. These are not doom and gloomers (if you want, I'll add Marc Faber, Max Keiser and Peter Schiff to the list). Gold will NOT continue to rise if the dollar rises. But, it won't. At best it will start going up in a couple of years. Yes, in that case the rich and very well prepared middle class will make out well. Even in that case, at least 80% of the US will, at best, remain status quo. Most of them will be hit hard.
I understand that jobs are a lagging indicator of growth in the economy. However, 70% of our economy's GDP is based on our own citizens buying crap. If they don't spend our GDP won't grow. They said our GDP for last quarter had a 3.5% rise then a few weeks later, "oops, sorry, made a mistake." It was more like 2.7-2.9%.

Listen, I love your optimism. It's contagious. You may be right on the foreclosure thing (I'm skeptical). But, I don't know if I agree with the other points you've made. Doesn't mean I'm right. Just don't see it.

reply to post by xxcalbier


hmmm...

amazon has blowout record earnings last quarter..

what does this mean to you?

it should mean FLIGHT TO QUALITY

who #ing cares about #ty retail stores closing, they were EATEN by bigger fish this means, this DOES NOT MEAN people are not spending, again, no offense, but you are not understanding

We are weeding out the weak and the people that should have never have had this loan to begin with.

Actually the government is sending a message to corporations, banks, and individuals that being irresponsible is the way to go. Folks like me who have been responsible their whole lives are not getting government help in ANY WAY, SHAPE, OR FASHION and I resent the hell out of that! My taxes are now going to go further to assure that irresponsible folks and banks don't loose because of foreclosures. I am sick of paying for my neighbors mortgages.

All along, I thought responsibility was the way to go, but decades on this planet has taught me otherwise (whether it's business or government).

Originally posted by GreenBicMan

Does this make sense now?

Again, I am skeptical. BUT, I do understand where you're coming from now. As I'm sure many others have said to you, I hope that you're right.

reply to post by really


I actually think it employs more.. or could in the future..

Take a stab at how many people work for google

How about Intel

How about microsoft?

you have your answer.. and it is contagious because your eyes are now open to the truth and not some quazi bull# doom talk provided by goons who rely on this website to in turn get themselves hits on their website to earn more money bc you keep going to their dumbass website to get your healthy installment of misinformation

**not talking to you specifically**

[edit on 30-11-2009 by GreenBicMan]

you can keep posting that stuff untill your blue in the face but it doesent change reality .
reality is stores are shutting down with more on the way you cant get around that fact be it home depot or footlocker .or family dollors the list goes on and on. PPL arenot spending money .
now i gave my list why dont you BACK your theroy up with soem numbers showing were ppl are spending all this extra money you say they now have. BET you cant show 10 stores that have expanded in the last year . hey all there profets are on the net come on show us how much more they made this year from 5 years agaio.
you can post all day that doesent give ppl money who are leavereged so much thta there very bank accounts are froz.
you made a coment on foodstamps being desposible income.
man the only this keping this boat aflote is foodstamps and welfair or all typs let that system fail and all hadesc will brake louse .

reply to post by whatsup


weeding them out = restarting the chain of events..

we have seen this before..

im not arguing.. but you are correct but my thinking is more forward to that effect

reply to post by xxcalbier


ok ann taylor closes all their stores.. fine

amazon takes in 1.5 billion more dollars, 1.5 times what ann taylor could have made

= positive GDP and GROWTH in this country

dont worry, i have been saying this since dow 6800 and while I continue to be right, I have had the same conversation with 1000 other members, this is just the next chapter

reply to post by xxcalbier


tisk tisk...

Hank has foodstamps now

INteresting.. with the extra 100 dollars in disp. income Hank has.. WHERE IS HE GONNA PUT HIS WAD? IN THE BANK?

LOL LOL LOL LOL LOL LOL LOL LOL LOL LOL

You forget.. HANK LOVES CHEAP BOOZE AND FAST WOMAN.. too bad for BAC, I am sure they will miss the extra 3 digits in his worthless savings acct growing at .8% haha

[edit on 30-11-2009 by GreenBicMan]

now your talking about the net hummmm ok well rember the .com boom is over Durning thous years your 1.5 billion was a drop in the bucket. as for companeys buying each other out to show a net gain thats part of what got us into this mess to begin with .
say amozon buys out google and google is worth 1.5 billion on paper this shows up as a net gain at the end of the year.
as well you should know .Thta means that company dident need to accutly make 1 red cent in order to show profet.
man the stock market does this constantly.
now why not be good enough to show some REAL world profets you realy expect every one to belive every person is only buying on line?
amonzon lololol

o just to show how much im enjoying this ill help you out a little.
look up money spent through the worlds bigest flea market
EBAY now if profets can be counted grant they have growen this year.
o btw your ok in my book been fun conversation and tk for not bashing my spelling well typing as the case may be lol

Originally posted by xxcalbier
now your talking about the net hummmm ok well rember the .com boom is over Durning thous years your 1.5 billion was a drop in the bucket. as for companeys buying each other out to show a net gain thats part of what got us into this mess to begin with .
say amozon buys out google and google is worth 1.5 billion on paper this shows up as a net gain at the end of the year.
as well you should know .Thta means that company dident need to accutly make 1 red cent in order to show profet.
man the stock market does this constantly.
now why not be good enough to show some REAL world profets you realy expect every one to belive every person is only buying on line?
amonzon lololol

Ummm.. I am guessing 20% or more buy online.. yes

The .com *bubble* is over, the boom has just begun

Do you know how much AMZN made last quarter?

Why did their stock shoot up to a new record high?

Must be because of the new moon I suppose, that or A FLIGHT TO QUALITY