Celente Predicts Super Depression in 2012

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HerefordSire":1om83wzh said:
$5K / $500K income per year = 1%
$100 / $10K income per year = 1%

I have.

Heck, Spitzer's daddy owns buildings (BIG!! buildings) all over Manhatten......he makes more than any plebian $500k. 'IF' I made $500k, I might spend $5k to chase swordfish or hunt Grizzlies in Russia, but $5k for one night of T&A??? No freaking way!!!
 
Calman":wxkbn8ky said:
grannysoo":wxkbn8ky said:
Brandonm22":wxkbn8ky said:
$5000 hookers???

I ain't never seen any that good........
Calman":wxkbn8ky said:
I agree but i've already invested more than that in my wife.

Cal

I've got a lot more than that invested in mine. Perhaps the $5k per shot is cheaper?
 
A single friend once told me

"Cars, boats, women - It's cheaper to rent them"

I bet there is more than one guy here that attest to astronomically expensive divorces.
 
grannysoo":3dschfp1 said:
I've got a lot more than that invested in mine. Perhaps the $5k per shot is cheaper?

Behind every good man there is a good woman. For someone that is outwardly wealthy, they are marked more often as a candidate for companionship. Is is dangerous to have allot of money and be around your preferred companion without a close bond because of liability, especially legal liability, becasue one can always claim an offense, as the proof is in the pudding, so to speak (DNA).

The reason why, is because the drive to reproduce. It is much safer to marry for more than one reason. Once you are single, the odds go up for going to prison.
 
HerefordSire":2dxp882j said:
It is much safer to marry for more than one reason. Once you are single, the odds go up for going to prison.

Sure is safer. Because you know if you're out trying to reproduce, mama might turn into Lorena Bobbit while you're sleeping. Mama also makes sure you stay at home and out of trouble........
 
I got married young, had my kids young, got divorced relatively young. Never regretted any of it. Found a companion many years later who was intelligent, independent, and a pretty good looker. She has her own business and her own home. We get along together pretty well and the things we enjoy doing together, we do, but have different interests in some things. It is a win-win situation.
 
Brandonm22":e2pvso4w said:
HerefordSire":e2pvso4w said:
$5K / $500K income per year = 1%
$100 / $10K income per year = 1%

I have.

Heck, Spitzer's daddy owns buildings (BIG!! buildings) all over Manhatten......he makes more than any plebian $500k. 'IF' I made $500k, I might spend $5k to chase swordfish or hunt Grizzlies in Russia, but $5k for one night of T&A??? No freaking way!!!

The President of the US makes about $400K. The Governor of NY makes less. My point is $5K is worth it if you have been in west Texas for a month. :mrgreen: :mrgreen: :mrgreen:
 
I have a friend that went through an expensive divorce. I calculated out the cost of just the lawyer bill over the years he was married. He could have had a hooker stop by twice a week and a maid come in twice a week and stilll had money left over. I told him that and he said his house would have been cleaner and he would have gotten more sex.
 
See what happens when we enforce change during a recession?

Biggest tax revenue drop since 1932

WASHINGTON (AP) -- The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation's plate and struggling to find money to pay the tab.

The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

Other figures in an Associated Press analysis underscore the recession's impact: Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time ever.

The last time the government's revenues were this bleak, the year was 1932 in the midst of the Depression.

http://finance.yahoo.com/news/AP-ENTERP ... et=&ccode=
 
Brandonm22":p484hiu9 said:
If you want a negative viewpoint try Doug Casey. I don't know if he is right or NOT; but I would hate to have to debate the other side against him.

http://moneynews.newsmax.com/streettalk ... ode=846E-1


The market is generating a tremendous head fake trying to lure people in. Watch when these money managers start buckling the bids with tons of stock to trigger program trading algorithms. The DOW could drop about 1,000 points in one day. Waiting on some type of news event after the lunar eclipse here in a couple of days. Job numbers coming out Friday.
 
I think people are going back in because they don't have any other place to go with their money. CDs are paying 2.0% (or less) around here. Government bonds are not having to pay competitive rates, YET. Corporate bonds have become too scary a place for many investors (see GM and Lehman Brothers bond holders). Real estate investors have been hammered. Money managers are looking for safe harbor corps that pay some sort of a dividend. That is why the dow is up ~2850 points (~44%) since it's low in early March. What scares me is that there is nothing in this economy (not housing, not heavy industry, not energy, not technology, not entertainment, not defence, etc and certainly not income or employment) that is moving at the rate or even the direction that the stock market is going. A recovery is coming and the market is heralding it's arrival but how strong will it be, how broadbased will it be, and how long will it last?
 
HerefordSire":1f2jwqpv said:
The market is generating a tremendous head fake trying to lure people in. Watch when these money managers start buckling the bids with tons of stock to trigger program trading algorithms. The DOW could drop about 1,000 points in one day. Waiting on some type of news event after the lunar eclipse here in a couple of days. Job numbers coming out Friday.

HS - if no one ever listens to anything you say, they need to pay attention to this. The stock money is nothing more than a game that is rigged in which the house ALWAYS wins.

People have lost 50% + of their money, and now the big traders are luring them back in to take more of it. Lots of people are going to the slaughterhouse with this stock market.
 
Brandonm22":3360wfav said:
I think people are going back in because they don't have any other place to go with their money. CDs are paying 2.0% (or less) around here. Government bonds are not having to pay competitive rates, YET. Corporate bonds have become too scary a place for many investors (see GM and Lehman Brothers bond holders). Real estate investors have been hammered. Money managers are looking for safe harbor corps that pay some sort of a dividend. That is why the dow is up ~2850 points (~44%) since it's low in early March. What scares me is that there is nothing in this economy (not housing, not heavy industry, not energy, not technology, not entertainment, not defence, etc and certainly not income or employment) that is moving at the rate or even the direction that the stock market is going. A recovery is coming and the market is heralding it's arrival but how strong will it be, how broadbased will it be, and how long will it last?

The money came in when the dollar drove lower. This is a natural phenomenom to maintain buying power.
 
Brandonm22":23sh78ee said:
I think people are going back in because they don't have any other place to go with their money. CDs are paying 2.0% (or less) around here. Government bonds are not having to pay competitive rates, YET. Corporate bonds have become too scary a place for many investors (see GM and Lehman Brothers bond holders). Real estate investors have been hammered. Money managers are looking for safe harbor corps that pay some sort of a dividend. That is why the dow is up ~2850 points (~44%) since it's low in early March. What scares me is that there is nothing in this economy (not housing, not heavy industry, not energy, not technology, not entertainment, not defence, etc and certainly not income or employment) that is moving at the rate or even the direction that the stock market is going. A recovery is coming and the market is heralding it's arrival but how strong will it be, how broadbased will it be, and how long will it last?
Good post. The money people had to go somewhere, although maybe not for long.
The market did give a Dow Theory buy signal, which surprised me. I'm interested in seeing if Richard Russell of Dow Theory Letters is still a bear.
Personally I still believe when are in a bear market rally. But the market doesn't seem to care a lot about what I think. :???:
 
Ryder":1o1kmp8c said:
Good post. The money people had to go somewhere, although maybe not for long.
The market did give a Dow Theory buy signal, which surprised me. I'm interested in seeing if Richard Russell of Dow Theory Letters is still a bear.
Personally I still believe when are in a bear market rally. But the market doesn't seem to care a lot about what I think. :???:

Too much money is managed either short or long in mutual funds and hedge funds or wealth management funds. If you are one of those fund managers you can't park all the fund's assets in a money market drawing 2% or less. Heck I could do that MYSELF and not pay any commissions or management fees. At some point if you are that manager you have to play the market to justify your existence in the universe. When this rally started, it was fueled by heady investors looking for bargains. Now it is fund managers trying to improve thier performance for the year and people afraid they are going to miss out on something. AND if you are afraid of inflation you can not be in cash. I don't dare predict which way the market is heading but most of these stocks are trading 20 times their earnings (or more) if they even have positive earnings.
 
T I M B E R

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday

http://news.yahoo.com/s/nm/20090805/bs_ ... et=&ccode=

Time to locate something to short (bearish). Lets see if I can narrow it down to an industry category.
 
HerefordSire":11isgcw3 said:
T I M B E R

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday

http://news.yahoo.com/s/nm/20090805/bs_ ... et=&ccode=

Time to locate something to short (bearish). Lets see if I can narrow it down to an industry category.


My last Alabama Forest Owners' Association newsletter said that according to the forestry folks at USDA there were 2 million VACANT homes currently listed on the market; but that the banks owned another 7 million vacant homes that they are holding OFF the market which will be listed in coming months.
 
Brandonm22":3jr4kw08 said:
HerefordSire":3jr4kw08 said:
T I M B E R

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday

http://news.yahoo.com/s/nm/20090805/bs_ ... et=&ccode=

Time to locate something to short (bearish). Lets see if I can narrow it down to an industry category.


My last Alabama Forest Owners' Association newsletter said that according to the forestry folks at USDA there were 2 million VACANT homes currently listed on the market; but that the banks owned another 7 million vacant homes that they are holding OFF the market which will be listed in coming months.

WOW! That would surely drop existing home values in specific areas. What about land values?

Also, what does the USDA have to do with vacant home knowledge?
 
HerefordSire":3umiofrm said:
WOW! That would surely drop existing home values in specific areas. What about land values?

Also, what does the USDA have to do with vacant home knowledge?

The USDA has a forestry specialist, Al Shuler. As the value of timber is directly affected by the demand for wood...ie new home starts, we follow housing pretty closely. I wouldn't wish this on anyone; but the lumber business could use a couple of massive hurricanes about now. How accurate Al Shuler, USDA Forest Service, is with his report of July 7, 2009 I don't know; but since the FDIC pretty much has open books at all the banks and it is all one big happy government I suspect that those numbers are pretty close.

I think ranchland is still up there. Ditto with cropland. I am seeing a lot of deals pop up in forestland. In this area, the developers got kicked in the teeth pretty hard. There are a lot of tracts on the market that developers and speculators had gobbled up and there are a new subdivisions being foreclosed on. I am not seeing any of it move though.
 

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