You are correct, A baseball bat is a proper tool for beating a dead horse.

In any case:

quote:

I'M GOING TO DISPENSE ADVICE ON A FORUM THAT MAY CAUSE PEOPLE TO MAKE RASH, FINANCIALLY UNSOUND DECISIONS!

Nevermind that this is a completely wrong forum for the type of discussion, if I wanted financial advice I would be asking a broker that has more years experience in their field then some of you have had in your entire working life or i'll go read investorgeeks.

So, go ahead and post links to more articles we probably won't read.

In closing, please vote. Also, keep your pets spayed and neutered.

___________________
-Chris
"the night moves me" NIGHTMOVES.ME nightlife+lifestyle photography

quote:

Originally posted by |Thrax| if I wanted financial advice I would be asking a broker... So, go ahead and post links to more articles we probably won't read.

this is not a financial advice thread, its largely opinions about us being in or at the very least heading towards a recession and other related economic issues.

in fact, anyone who makes their financial decisions based solely on a thread on tranceaddict is definitely a tool. so i'd sincerely hope you'd consult someone or do your own research before making any moves.

oh and this one is for you buddy


US Service Sector in Recession - Eurozone is Fading Fast

2008-02-05 — blogspot.com

Wonder how the bobble-heads on CNBC are spinning this one.

http://globaleconomicanalysis.blogs...n-eurozone.html

___________________

Last edited by ninetyninej on Feb-06-2008 at 03:59

Vegas got pwn'd in December.


http://money.cnn.com/real_estate/zip_code_foreclosures/

Foreclosures: 100 worst hit zip codes

Where the mortgage meltdown is having the heaviest impact.

By Les Christie, CNNMoney.com staff writer
February 5 2008: 10:40 AM EST


Rank Zip City State County Default Notices Auction Notices (REO) Total


1 89031 North Las Vegas NV Clark 368 285 88 741
2 89131 Las Vegas NV Clark 304 289 72 665
3 89148 Las Vegas NV Clark 315 226 73 614
4 89108 Las Vegas NV Clark 303 232 38 573
5 89052 Henderson NV Clark 247 187 50 484
6 89139 Las Vegas NV Clark 246 159 71 476
7 89129 Las Vegas NV Clark 235 192 46 473
8 95206 Stockton CA San Joaquin 268 56 143 467
9 48228 Detroit MI Wayne 88 220 145 453
10 89123 Las Vegas NV Clark 243 159 46 448
11 89147 Las Vegas NV Clark 220 167 50 437
12 89110 Las Vegas NV Clark 243 155 36 434
13 89117 Las Vegas NV Clark 234 158 41 433
14 33971 Lehigh Acres FL Lee 359 43 29 431
15 89141 Las Vegas NV Clark 200 190 41 431
16 94565 Pittsburg CA Contra Costa 237 74 119 430
17 89128 Las Vegas NV Clark 216 170 40 426
18 89122 Las Vegas NV Clark 228 144 39 411
19 89032 North Las Vegas NV Clark 215 150 43 408
20 89149 Las Vegas NV Clark 208 161 38 407

___________________

Listen, I fucking hate money, financials and shit. So, why am I even reading this thread?

I don't know, but this is the perfect quote of the day. So, I guess it works out in the end.

Quotes of the Day
The only function of economic forecasting is to make astrology look respectable.
- John Kenneth Galbraith

Like I said, its only a recession for the poor saps in the credit biz. People are horrible with money, and in my opinion, they did it to their goddamn selves.

___________________
-Chris
"the night moves me" NIGHTMOVES.ME nightlife+lifestyle photography

quote:

Originally posted by |Thrax| Quotes of the Day The only function of economic forecasting is to make astrology look respectable. - John Kenneth Galbraith

Touche.

___________________

Why are you putting ninetyninej on blast for discussing the issues of our economy? I wasn't going to say anything at first, but now you are just being ignorant. Who cares if we are OFFICALLY in or not in a recession, but the point is that our economy is a reck right now...

quote:

Originally posted by |Thrax| Like I said, its only a recession for the poor saps in the credit biz.

Have you taken economics? That comment right there shows the lack-of knowledge behind your previous posts... you're just posting to be negative.

I will try and make this simple for you...

Credit crisis -> sinking housing market -> consumer spending tanks = A LOT less money being put back into our economy

See it affects more than just the people in the credit biz, it affects our whole economy.

quote:

Originally posted by |Thrax| if I wanted financial advice I would be asking a broker

"I invested into this company because my broker told me to..."

___________________
"Ibiza will be Earth’s final refuge after Armageddon" -Nostradamus

Last edited by diskodave on Feb-06-2008 at 08:07

wow i love how this thread has degraded into a team pissing contest because some people think they are so right they are beyond explanation. in the end no one cares how right you think you are, only how big of an ass you look like. so grow up. if you don't like this thread, practice some self control and don't click on it. simple as that. if you think someone is wrong, try proving it for a change. and someone please please please explain to me how a recession only occurs in one sector of the economy? i must be an idiot.

___________________

I was in a bad mood, I felt like derailing a thread. My bad.

sorry,
canihastruce?

___________________
-Chris
"the night moves me" NIGHTMOVES.ME nightlife+lifestyle photography

"All animals, except humans, know that the primary business in life is to enjoy it."

Samuel Butler

(Thanks to Coffee Bean on Sunset Blvd. for enlightening me this past weekend, this quote was on their chalkboard while a bunch of frantic people were running around distressed over not having their coffee within 30 seconds...)

___________________
My favorite song is the one that hasn't yet been written._____|_____fb_____|_____ myspace

watch the dow slump tomorrow morning. i wonder if the fed will cut the rate tomorrow

Big layoffs no longer limited to finance, housing

quote:

The potential for mass layoffs this year no longer seems confined to just the financial services and housing industries now that major companies in other sectors are starting to announce cutbacks as well. Economic growth ground to a virtual halt in the fourth quarter—the Commerce Department reported a mere 0.6% growth rate for the last three months of 2007, well below expectations—and more companies are now poised to tighten their spending and search for ways to slash overhead (see the related story on this page). With concerns that consumer spending will wilt as we edge toward a recession, some observers say that a wave of corporate layoffs is coming in the not too distant future. “It’s unavoidable,” said Peter Schiff, president of money manager Euro-Pacific Capital. “Corporations are going to have to get leaner, and there are going to be a number of layoffs throughout the year.” While a number of banks, led by Citigroup and Bank of America, have already revealed plans to lay off thousands of employees, companies such as Yahoo, Lockheed Martin and Home Depot announced last week that they would be reducing their head counts by 1,000, 850 and 500 employees, respectively. At the same time, layoffs also started to creep into the picture at retailers such as J.C. Penney and Eddie Bauer, where officials said last week that they would be cutting several hundred jobs combined.

Two Fed Officials Say Inflation Remains a Worry

quote:

Two Federal Reserve officials said inflation remains a major concern at the central bank, suggesting that could prevent the Fed from making further interest rate cuts. Although the weakening economy is a big concern, "we must not lose sight of the other part of the Fed's dual mandate -- which is price stability," Federal Reserve Bank of Philadelphia President Charles Plosser said. The comments were not surprising, particularly since Plosser is known for being more apt to argue against a rate cut than other Fed members. Still, they echoed comments earlier in the day by Richmond Fed Bank President Jeffrey Lacker, who said policy-makers are worried about the possibility of recession but that persistent inflation remains a worry for the central bank.

Will they stop being so negative, the market doesn't like bad news!

___________________
www.GenerationTrance.com

*Depeche Mode* Appreciation