"On Wall Street, the bad news looks like good news."
Reverse it and you have the effect on the American people!
Also consider:
"I.B.M. Is Doing Just Fine as It Reports Strong Profit"
"I.B.M.reported strong quarterly profits on Wednesday that easily surpassed Wall Street’s estimates, as its reach across global markets and its healthy services and software businesses left it unscathed so far by the weakness of the United States economy.
Sounds like the hedgers: "an agile financial elite that seems to thrive in good times and bad...."
The performance was helped by the decline of the dollar. Most of I.B.M.’s business is outside the United States, so a falling dollar lifts reported earnings....
I.B.M., the world’s largest technology services company, reported net profits of $2.32 billion, an increase of 26 percent."
Nice to know that the piece of shit paper you are holding is worth shit, as long as it made corporations rich, 'eh, 'murkn?
"Coca-Cola profit effervesces"
Have a coke and a smile, 'murkn, then show us that shit-eating grin!!!!
"Inflation rate in March increases"
"Inflation rose again last month, reflecting big jumps in the cost of energy and airline tickets. And the forecast is for even bigger energy-related increases to come, including the possibility of $4 per gallon gasoline by Memorial Day.
Those inflation pressures are occurring just as the economy seems to be sinking into a recession, with consumers cutting back on spending and the housing industry, where all the troubles started, sinking further.
That was the somber news from a batch of economic reports released yesterday depicting an economy struggling with multiple problems from a prolonged slump in housing, soaring energy prices, a severe credit crisis, and rising unemployment."
At least Coke and IBM made out, as well as all the other richers!
Just cruise my business labels, folks!
"Oil trades as high as $115.07"
"Oil prices were also boosted by the falling dollar"
Told ya!
"3 in House press for more visas"
"Three House members pleaded yesterday for more visas for seasonal workers they said are needed immediately by seafood processors, resorts, and other businesses in their districts."
This as America's unemployment rate goes up!
FIRE the whole damn government already!
"Credit crisis hits student borrowers"
"Anthony Norton, a junior at the University of Massachusetts in Boston, just learned a tough lesson in economics:
The credit market crisis is spreading to student loans.
Norton thought he was set when he deposited a $16,000 student-loan check to pay for summer classes and the fall semester. But when he started to pay bills for classes, rent, and other expenses last week, his checks bounced.
He was one of 500 students left in the lurch with the April 7 bankruptcy filing of The Education Resources Institute Inc., a Boston nonprofit that guarantees student loans. And his ordeal is only the latest example of chaos in the college loan market. More than 50 firms have abandoned or cut back their federal or private student loan programs this year, unable to raise money in the financial markets. Yesterday, Citigroup, one of the largest private lenders, said it would stop lending at some schools and end its federal loan consolidations.
What happened to all that loan money the Fed pumped into the economy?
Banks suck it all up to cover their losses?
While families used to secure student loans almost regardless of their credit history, "Those days are over," said Tony Erwin, director of financial aid services at Northeastern University in Boston and president of the Massachusetts Association of Student Financial Aid Administrators...."
Yeah, we got more important things to be spending money on... like TRILLIONS for OCCUPATIONS, BILLIONS for BANKS and Israel, but THE KIDS GET STIFFED!!
And these are LOANS, not WAR LOOT!!
Kids will have to PAY IT BACK!
Not so with the WAR LOOTERS!!!
Aaaaaaaaahhhh!
