And WATCH how the MSM press HIDES THINGS DEEP in the articles -- where they actually TELL THE TRUTH, but then move on!!!
"Wall St. buoyed by Fed offer of $200b"
"by Michael M. Grynbaum, New York Times News Service | March 12, 2008
NEW YORK - Wall Street enjoyed its best trading day in more than five years yesterday - complete with a 400-point gain in the Dow Jones industrial average - after the Federal Reserve injected a burst of financial adrenaline into the ailing banking system.
The Dow finished up 416.66 points, near its high for the day, for a gain of 3.6 percent, to 12,156.81, snapping a three-day losing streak.... For weeks, investors have been concerned about a freeze in the credit markets, as banks cowed by round after round of multibillion-dollar write-offs became increasingly panicky about lending to businesses and consumers.
Yesterday, the Fed said it would offer up to $200 billion in ultrasafe Treasury securities to the nation's banks, including several major brokerage firms, in exchange for a variety of collateral options - including the very mortgage-backed securities that have spurred the recent financial crisis.
Translation: The Feds just took all those losses upon themselves, which means YOU, 'murkn TAXPAYER will be BAILING THEM OUT with the $168 BILLION "stimulus!"
Turn 'round and DROP TROU, 'murka, because you are about to get it fast, hard and deep!!!!!!
Keep reading!!!!!
That means banks will be able to unload some of those soured assets, potentially freeing up money to keep the nation's economic bloodstream flowing. For many investors, it was the central banking move they had been waiting for....
Well, that's good.
Wait a minute, what do they mean "potentially?"
Is it freed up or not (keep reading)?
Let me just get my mail here.
And what's this?
A foreclosure notice?
Partly opened?
WTF?
Markets sound like a rigged game.
One day and the problems are solved if you listen to the lying business wags!!
"No doubt there's a relief," said James Paulsen, a strategist at Wells Capital Management. "For us bulls that had been getting run over, it's nice to have a day like this."
Shares of financial services firms, which have suffered steep losses in recent months, led yesterday's revival, with companies like Wachovia and Morgan Stanley recording double-digit percentage gains.
Yeah, because now the 'murkn TAXPAYER is going to BAIL THEM OUT!!!!
Sold by the MSM and banker-controlled press as a GOOD THING, 'course!
Of the 30 Dow components, American Express led the way, gaining almost 10 percent. Only Boeing declined.
Must be because of the fuel-tanker deal, right?
Yeah, McCain didn't help , either!!
The dollar came back against every major currency, with the euro finishing at $1.5318, down 0.17 percent. Crude oil prices rose to another record, up 85 cents to $108.75 a barrel.
Keep reading.
Treasury bonds fell back as bond market investors became concerned that under the new Fed program, the government may issue too much debt. "But," Kovacs said, "the majority of market participants see that there could be some improvement in the seizure of the credit market."
Oh, yeah, but that's not a problem as the dollar crashes through the floor.
"It takes us back to where we were three days ago," Kovacs said. "We have a long way to go."
Oh, so we are BACK to where we were THREE DAYS AGO?
Gee, I thought everything was getting back to normal.
Oh, yeah, about that money for those loans -- those ain't going to you, 'murkn!!!
"by Associated Press | March 12, 2008
NEW YORK - The loan you qualify for on Monday might be out of reach on Tuesday.
Bankers and lenders are rapidly changing their requirements as home sales and prices plummet and delinquencies and defaults rise. Problems in the mortgage market are spilling into other lending markets as customers struggle to keep up with payments on other loans, such as auto and credit card payments....
To adjust their standards - which many critics say grew too lax in the middle of the decade - lenders now are raising minimum credit scores, offering smaller loans, and requiring detailed proof of income and assets.
For those who do meet the tightened criteria, a new plan disclosed yesterday by the Federal Reserve to provide $200 billion to the financial services sector should mean there is plenty of money available for borrowers and lower interest rates, said David Wyss, the chief economist at Standard & Poor's....
Yeah, even though the credit is still tightening up.
What is going to happen is -- like the airlines after 9/11 -- the bankers are going to eat this money to cover their losses.
Regular 'murkns ain't gonna see a damn dime!!!
Regardless of credit score, customers are going to have to provide proof of income and assets in the bank. Lenders have drastically reduced the amount of money they will lend.... Just as delinquencies and defaults are rising among mortgage and home equity products, problems are mounting for auto lenders, as well.
Greg McBride, a senior financial analyst at Bankrate.com, said many auto lenders are requiring larger down payments on loans."
Bleeding into the car market, too, huh? I wouldn't worry, 'murka. Pretty soon, you won't be able to pay for the fuel to run the car -- or it will be food or fuel for you.
As you read this next piece, I want you to keep in mind that the OIL COMPANIES made $40 BILLION in PROFITS last year.
That should warm your heart while freezing (global warming? It is snowing here today!) while freezing at the gas pump today!
"by Associated Press | March 12, 2008
NEW YORK - The cost of filling up the family car climbed to a record high yesterday, adding to the challenges consumers already face with falling home values and rising food prices....
Soaring gas prices worsen the financial plight of consumers already suffering through a downturn in the housing market that has sharply reduced home prices in many markets and limited Americans' ability to tap home equity for spending. Food prices are also on the rise, partly due to rising fuel costs.
Yeah, it's all inter-connected!!!
Boy, that $12 BILLION a MONTH we are spending OCCUPYING Iraq sure could help us out here in AmeriKa, huh?
"I used to think three bucks a gallon was all I'd pay, but I keep filling up," said Joe Gowans while gassing his Acura SUV in San Francisco one recent afternoon. "You have to use it."
Translation: I, the 'murkn consumer, will continue to take an ass-ponding. How about DRINKING a GALLON to show 'em how much you need it more than water?
A year ago, rising demand and a string of refinery outages had raised concerns about supplies. Now, the record price of crude oil is the culprit, propelling gas higher although supplies are at 15-year highs....
Yeah, yeah, there is always SOME EXCUSE offered when the oil companies are RAPING the American people!!!!!
And supplies are at 15-year highs, huh?
Which means the OPEC guy wasn't lying -- there is plenty of oil out there.
Then why is it costing so much? Supply and demand, right?
Where gas and oil go from here is anybody's guess....
I thought the "science" of economics had figured that out.
I guess the impending attack on Iran is hard to factor in, huh?
Oil could keep rising to $120 a barrel, or higher. And with demand for gas expected to rise as warm weather arrives, analysts say pump prices could spike as high as $3.75 a gallon, regardless of what happens with oil prices....
"I've got to say, if they ever go up to $3.50, that would be the point where I'd feel angry," said Alex Magby, a Morrisville, Pa., resident who was filling up his tank near his New Jersey restaurant job one recent afternoon. "I'd feel cheated at that point."
Oh, he'd feel cheated at that point!
But not now, even though the ass-pumping is fast and furious!!!
Hey, it'll get to $3.50, $4 and this guy will still be letting them ride the hobby horse on his backside!
I GUARANTEE IT!!!!
DRINK a GALLON, a-hole!!!!
High prices are painful to New York cab drivers like Brandis Younge, who spends $35 to $40 on gas each day.
"Before it skyrocketed, I used to pay $25," Younge said....
Hey, $40 BILLION in PROFITS, thank you!!!!
Prices have already passed the $4 mark at many stations nationwide.... High gas prices may actually help some companies that rely on tourism.
Carl Wilgus, executive director of the Pocono Mountains Visitors Bureau, said the number of skiers visiting the Pennsylvania ski region this winter was up, despite gas prices holding steady above $3 for most of that time. In part, that's because many people plan vacations closer to home when fuel is so expensive, he said, giving up a trip to Florida in favor of a ski vacation an hour away, he said.
"We'll definitely lose some visitation, but hopefully we'll gain some from the folks who hope to stay closer to home," Wilgus said.
The price of gassing a recreational vehicle may induce some to look for campgrounds closer to home this summer. At $3.50 a gallon, a 100-gallon Winnebago Destination RV will cost $350 to fill, $27 more than right now, and $96 more than a year ago.
Isn't it nice that your standard of living is dropping to shit, 'murkn?
At least you won't be flying on a plane!!
Maybe when this bogus "terrorism" shit finally hits them in the ass, the crap will end.
Analysts believe oil's underlying supply and demand fundamentals do not support such high prices, and argue that crude's rise in recent months is mostly due to the falling dollar.
Yeah, why WAIT SO LONG in the ARTICLE to FINALLY TELL the TRUTH about the FRAUD of the "MARKET!!!!?"
Crude futures offer a hedge against a falling dollar, and oil futures bought and sold in dollars are more attractive to foreign investors when the dollar is weak.
The Energy Department and IEA, an energy consultant to western, industrialized nations, raised more concerns about the economic slowdown's impact on oil consumption yesterday when both forecasters cut US demand growth forecasts, but said strong demand overseas will keep prices elevated this year.
Served up with a nice bowl of shit, 'murkn!!!
They JUST TOLD YOU the RISE in PRICE was due to the FALLING DOLLAR, not supply-and-demand!!!
Readers, when they shovel you a lie right after a statement like that, what are we to think?
They truly believe we are stoo-pid out here!!!
Yeah, and $40 BILLION in PROFITS last year for the oil companies!!!!
Now there has to be some good news, right?
Sure there is:
"by Bloomberg News | March 12, 2008
WASHINGTON - The US trade deficit was smaller than forecast in January as a weaker dollar propelled gains in exports that may prevent a deeper economic slowdown.
Yup, less water coming into the Titanic -- and that's a GOOD THING!!!!!
The gap grew 0.6 percent to $58.2 billion from $57.9 billion in December. That was narrower than previously estimated, the Commerce Department said yesterday.
Government can't ever get anything right, can they?
How come it is O.K. for them to revise, but not us?
Exports increased 1.6 percent to the highest level ever.
Globalization moving ahead, folks!
The slump in the US currency and sales in overseas markets including Asia may avert a deeper factory slowdown as escalating job losses hurt consumer spending. Exports are one of the remaining sources of strength in an economy that is heading toward, or may already be in, a recession.
Yeah, OTHERS are DOING BETTER!
We are not!!!
"Trade is shaping up to be one of the few drivers of growth this year," said Sal Guatieri, a senior economist at BMO Capital Markets in Toronto, who forecast a deficit of $58 billion. "Exports are remaining very strong because of the weak US dollar and continuing healthy global demand."
As AmeriKa CONTRACTS!!
Betcha the multi-nationals are making out like bandits, though!
The trade gap was estimated to widen to $59.5 billion, from an initially reported $58.8 billion in December, according to the median forecast in a Bloomberg News survey of 71 economists.
Deficit projections ranged from $57.5 billion to $62.4 billion. The December gap was revised down from a previously estimated $58.8 billion.
Still a DEBT, right?
BILLIONS in DEBT?
Exports climbed to a record $148.2 billion as sales of corn, refined petroleum products, computers, and pharmaceutical preparations strengthened. Imports increased 1.3 percent to $206.4 billion, also the highest ever.
Not like we need food and medical supplies here in America. And GLOBALIZATION proceeds APACE!
And here are the AGENDA-PUSHING MSM telling you how GREAT IT ALL IS ONCE AGAIN!!!
Haven't you LEARNED ANYTHING, America?
Imports rose as purchases of crude oil jumped, reflecting increases in the number of barrels bought and a record price of $84.09. Excluding petroleum, the $32.1 billion trade gap was the smallest since October 2002. The oil deficit exceeded the nonpetroleum shortfall for the first time since 1992.
Demand for foreign-made consumer goods slumped, reflecting the slowdown in US economic growth. Purchases of television sets, clothing, appliances, and toys dropped. Demand for capital equipment made overseas, such as computers and machinery, also fell.
The trade gap with China, which in 2007 passed Canada to become the United States' largest source of imported goods, increased to $20.3 billion from $18.8 billion in the prior month. Exports are getting a lift from the weaker dollar, which makes American-made goods less expensive for overseas buyers.
Yeah, that explains all the articles in today's paper regarding China.
I'm saving those for my Fallon post, so hold on, readers.
The dollar has declined about 10 percent over the past year against a trade-weighted basket of currencies from major US trading partners, Federal Reserve data show. Asian economies are buying more US aircraft and industrial engines.
Boeing Co., the second-largest US defense contractor, last month said it plans to sell 50 helicopters to India and Malaysia this year as the two nations boost defense spending."
Hey, wait a minute, I was told poor Boeing, crying poverty, was having all sorts of problems because of the tanker deal!!!
Pffffffftt!
This WAR PROFITEERING sounds like a GOING CONCERN, huh?
Wow, was history ever the wrong business to get into!!!
So what can I sell to forestall foreclosure and continue to eat (forget the car)???
I know!!!!
My MOST VALUED and TREASURED ITEMS FULL of MEMORIES!!!!!!
Maybe I can get a bowl of shit in return?
"Gold really is precious, but it's not cherished"
Yeah, not when you are starving and freezing (thanks, global warming!).
"By Associated Press | March 12, 2008
CHICAGO - A new kind of gold rush is unfolding at jewelry store and pawnshop counters - featuring not prospectors, but consumers.
Yeah, we got a guy goes by the name of "Good Old Tom!"
He'll pay ya' for your gold!
White-collar workers, retirees, and many others have been digging through jewelry boxes and safe-deposit boxes to cash in as gold prices flirt with $1,000 an ounce. Coins, old wedding rings, necklaces from ex-boyfriends, hand-me-down gold pieces - everything is fair game when it brings this kind of profit.
Nothing wrong with this, though.
Needing to eat and keep a roof over the head (even if the house isn't worth the loan debt) or pay medical bills is A-O.K.!!!
Shop owners across the country are marveling about the phenomenon they say began in the latter part of 2007 and accelerated through the winter, reflecting torrid gold demand like none had ever seen. There are even gold parties, where people sell their jewelry.
"Everybody's trying to sell," said Richard Rozhko, owner of a jewelry store in Chicago. "People are trying to cash out because they don't believe that gold's going to go higher than $1,000 or $1,200" an ounce.
I'll bet it keeps going even higher, fools!!!!
Rachel Weingarten, a New Yorker who has a self-described obsession with "shiny trinkets," didn't need to sell but couldn't resist when she saw prices soar like those of an overinflated tech stock.
"When I saw the prices going through the roof, I saw it as an amazing opportunity to rid myself of jewelry that no longer suits my taste or status," said Weingarten, a marketing consultant. "It's also been a lot of fun to get cash for stuff that is broken or just really ugly or just takes up room in my drawers."
Royal Pawn Shop, a 75-year-old business within earshot of passing El trains in Chicago's South Loop, has display cases sporting fancy gold rings, bracelets, and watches along with racks holding hundreds of pawned fur coats. It also has more office workers as customers these days - mostly sellers, not buyers - who bring in gold chains and rings.
Right, PAWN SHOPS!!
Not a HEALTHY ECONOMIC INDICATOR if you ask me!
"It's stuff that's lying around the house, so they figure: Why not make money from it?" said co-owner Wayne Cohen. "The price of gold is so ridiculously high that they'd be stupid not to get rid of it."
Especially when being foreclosed upon with no heat in the shit hole!!!
Others are selling to help cope with tough times in an economic slowdown.
Oh, MSM finally getting around to the REALITY?!?!
See why I SWEAR, readers?!
SICK of the SHIT SHOVEL!!!!!!!!!!!!!!
Three miles across town, Division Gold store's owner, John Vela, recounted housewives coming in to pawn treasured items from their jewelry boxes and numerous clients saying they needed money to pay their property tax bills and take care of other financial obligations.
"I have mortgage brokers, real estate agents, retail shop owners. They're nervous, you can see the stress on their faces," he said."I wonder how many TEARS ACCOMPANIED THESE DECISIONS, readers?!?
But then, why would heartless vampires like shit bankers give a side-winding shit anyway, the fucking scum vermin!!!!!!????
So HOW is that SHREDDED ASS, shit-eating 'murkn?
Good thing you had that bowl of shit to scream into!!!!
