Why are Republicans Wrong about Everything?

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Dr. F.

Ice climber
SoCal
Topic Author's Reply - Jan 2, 2013 - 09:51am PT
Unfortunately
I had to crop off her lovely leggs

I hope BluRing doesn't log on, and go all Christian on my ass
Dr. F.

Ice climber
SoCal
Topic Author's Reply - Jan 2, 2013 - 09:53am PT
I'm happy with the payroll tax holiday is over
It was just short changing SS, a Republican wet dream

But Obama could reinstate it, he can be such a Conservative some times
Norton

Social climber
the Wastelands
Jan 2, 2013 - 09:54am PT
photo not found
Missing photo ID#281821
philo

Trad climber
Is that light the end of the tunnel or a train?
Jan 2, 2013 - 09:55am PT
Well good Doctor you could post the lower half on the Leggs thread. Bluey won't likely show up there to thump the Bible. It is a thread I started and BlueBalls already thinks I am a pagan pervert.
nature

climber
Boulder, CO
Jan 2, 2013 - 09:56am PT
so the ending of the payroll vacation is why my SS with holdings just went up 2%?
Dr. F.

Ice climber
SoCal
Topic Author's Reply - Jan 2, 2013 - 10:03am PT
Republicans Vote to Not Provide Aid for victims of Hurricane Sandy

Setting off another storm of Division within the Republican Party
Peter King of New York says he is going to switch parties!!
Mighty Hiker

climber
Vancouver, B.C.
Jan 2, 2013 - 10:11am PT
When the new congress meets, all of New Hampshire's senators and congresswomen will be women. Plus its governor. The first time in history that a state has been entirely represented by females.
Riley Wyna

Trad climber
A crack near you
Jan 2, 2013 - 10:20am PT
Don't get me wrong - Obama is great.
1000 percent better than the next choice...
But for the first time I just think he should have fought harder for what is right.
But seriously...what do I know...
Ron Anderson

Trad climber
Soon to be Nipple suckling Liberal
Jan 2, 2013 - 10:20am PT


Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.

Unfortunately Buffett isn’t alone.

Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too. During the second quarter of the year, Paulson’s hedge fund, Paulson & Co., dumped 14 million shares of JPMorgan Chase. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee.

Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Between the three banks, Soros sold more than a million shares.

So why are these billionaires dumping their shares of U.S. companies?

After all, the stock market is still in the midst of its historic rally. Real estate prices have finally leveled off, and for the first time in five years are actually rising in many locations. And the unemployment rate seems to have stabilized.

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.

One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.

Editor’s Note: Wiedemer Gives Proof for His Dire Predictions in This Shocking Interview.

Before you dismiss the possibility of a 90% drop in the stock market as unrealistic, consider Wiedemer’s credentials.

In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.

The book quickly grabbed headlines for its accuracy in predicting what many thought would never happen, and quickly established Wiedemer as a trusted voice.

A columnist at Dow Jones said the book was “one of those rare finds that not only predicted the subprime credit meltdown well in advance, it offered Main Street investors a winning strategy that helped avoid the forty percent losses that followed . . .”

The chief investment strategist at Standard & Poor’s said that Wiedemer’s track record “demands our attention.”

And finally, the former CFO of Goldman Sachs said Wiedemer’s “prescience in (his) first book lends credence to the new warnings. This book deserves our attention.”

In the interview for his latest blockbuster Aftershock, Wiedemer says the 90% drop in the stock market is “a worst-case scenario,” and the host quickly challenged this claim.

Wiedemer calmly laid out a clear explanation of why a large drop of some sort is a virtual certainty.

It starts with the reckless strategy of the Federal Reserve to print a massive amount of money out of thin air in an attempt to stimulate the economy.

“These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge,” said Wiedemer.

“Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems.”

See the Proof: Get the Full Interview by Clicking Here Now.

And this is where Wiedemer explains why Buffett, Paulson, and Soros could be dumping U.S. stocks:

“Companies will be spending more money on borrowing costs than business expansion costs. That means lower profit margins, lower dividends, and less hiring. Plus, more layoffs.”

No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that’s why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag.

But Main Street investors don’t have to see their investment and retirement accounts decimated for the second time in five years.

Wiedemer’s video interview also contains a comprehensive blueprint for economic survival that’s really commanding global attention.

Now viewed over 40 million times, it was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.

“Our real concern,” DeHoog added, “is the effect even if only half of Wiedemer’s predictions come true.


From the Office Of Mr Gustavson, Senator.

Dr. F.

Ice climber
SoCal
Topic Author's Reply - Jan 2, 2013 - 10:25am PT
rong
please site your hysterical reactionary wrong cut and pastes
Norton

Social climber
the Wastelands
Jan 2, 2013 - 10:28am PT
What a tremendous victory for the President and the Democrats.


Tax increases and virtually no "new" spending cuts.

Unemployment extended.

The right wing is crying like babies, saying the President ate their lunch.

Up next: The debt ceiling Great Debate, shuffling to start in about 30 days


The Repubs are in full retreat and are taking a beating in the right wing blogs
philo

Trad climber
Is that light the end of the tunnel or a train?
Jan 2, 2013 - 10:30am PT
And then check the Stock Market.
Norton

Social climber
the Wastelands
Jan 2, 2013 - 10:32am PT
And then check the Stock Market.

billions of dollars of American's savings and retirement funds going up sharply

Boner crying

jstan

climber
Jan 2, 2013 - 10:40am PT
so the ending of the payroll vacation is why my SS with holdings just went up 2%?

The tax brackets and other thresholds for 2013 are up 1.9% because of CPI adjustments for inflation during 2012. Since the dollar is worth less, presumably payments to an inflation adjusted system like SS have to be adjusted - upward.

edit:
billions of dollars of American's savings and retirement funds going up sharply

Get ready everyone. When the stock market goes up, expect the tea baggers to lobby once more for putting SS assets into the stock market. Will contribute huge profits for brokers and bankers.

Hopefully we will not hear again the claim that US bonds are worthless and as a result there is no trust fund. And since those bonds are worthless the government can just sell them to the Chinese. And by the resale get a lot of money - for somebody.

Edit2:
BlueBalls already thinks I am a pagan pervert.

I'll be darned! Blue got something right.

Brandon-

climber
The Granite State.
Jan 2, 2013 - 10:46am PT
When the new congress meets, all of New Hampshire's senators and congresswomen will be women. Plus its governor. The first time in history that a state has been entirely represented by females.

We're pretty proud of that fact here. We do have a Republican in the mix as well. Sen Kelly Ayotte.

Our four term Governor, John Lynch has his last day on the job today.
bookworm

Social climber
Falls Church, VA
Jan 2, 2013 - 11:04am PT
"Hardship has long been common here — and still is. But in just four years, the country has gone from the European Union’s worst economic disaster zone to a model of what the International Monetary Fund hails as the healing properties of deep budget cuts. Latvia’s economy, after shriveling by more than 20 percent from its peak, grew by about 5 percent last year, making it the best performer in the 27-nation European Union. Its budget deficit is down sharply and exports are soaring."

http://www.nytimes.com/2013/01/02/world/europe/used-to-hardship-latvia-accepts-austerity-and-its-pain-eases.html?hp&_r=1&pagewanted=all&


obviously, latvians are wrong, too
JEleazarian

Trad climber
Fresno CA
Jan 2, 2013 - 11:30am PT
I agree with you, Norton, that the fiscal cliff deal demonstrated the political clout of the Democratic Party. I'm not sure of everything that is in the bill, but a thread on Pinnacles becoming and National Park with legislation passed on New Year's Eve makes me think that there was probably a lot of unrelated junk.

I loved how Barbara Boxer fought to have the "rich bracket" raised to $450,000.00. At least she recognizes what constitutes "middle class" in the Bay Area.

I also love how the Administration claims that no taxes were raised on any but "the rich." I wonder what American workers will think when they see their paychecks with the new tax rates, and the added taxes for Obama Care, along with the other little goodies they will now pay for. I'm sure the Republicans are too inept to deal with that, or with the real fiscal cliff -- Social Security and Medicare. At least the payroll tax bleeding on those systems has been partially staunched, but we have a long way to go for solvency there.

John
Brandon-

climber
The Granite State.
Jan 2, 2013 - 11:33am PT
Talk of the Nation is currently running a program with three incoming representatives.

Worth listening to.
Ken M

Mountain climber
Los Angeles, Ca
Jan 2, 2013 - 11:38am PT
Ron, when you take words that someone else has written without attribution, that is THEFT. It is DISHONEST.
Ken M

Mountain climber
Los Angeles, Ca
Jan 2, 2013 - 11:42am PT
Hopefully we will not hear again the claim that US bonds are worthless and as a result there is no trust fund. And since those bonds are worthless the government can just sell them to the Chinese. And by the resale get a lot of money - for somebody.


Hopefully, we will. That dog is dead, and if the Repugs keep beating it, they'll just keep making people mad.
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