economy crisis?

[godoftrading]

I think so!

- Mortgage rates rising, at 5.85% for a 30 year fixed
- Nonborrowed bank reserves now at -111,855,000,000 as of May 21st!!! http://www.federalreserve.gov/relea...ist/h3hist4.txt
- BANKS ARE BROKE!! THEY ARE ILLIQUID, ONLY THING SAVING THEM IS THE FED.
- Home sales still on the decline
- Record supply of single family homes
- Banks still not lending to consumers
- Oil near all time highs
- Banks trading at all time lows
- Real rate of inflation near double digits (? probably)
- Gasoline above $4.00 a gallon for regular unleaded
- Diesel fuel up to $5.00 a gallon
- Consumer confidence at 12 year low
- Take out commodities backed companies and earnings are down 20%+
- Unemployment projected on the increase
- Dollar still near all time lows (Yippee we have gained .03 on the Euro.... lets have a party all our problems are fixed)


Oh yeah, this is already priced into the market. lol

We are trading only ~5% off for the year!

What else do you have to read to see this is not a healthy environment?

[Grizz]

Geez God you could use a drink of some Larry Kudlow Kool Aid.

"Gold prices are going down" (stronger dollar)
"Interest rates are rising" (stronger dollar)
"Housing purchases are up" even though prices are still falling (confident consumers)

"America is great and will come out of this smoothly and quickly"...blah blah blah

"Goldilocks is alive and well people!"

I'm pretty sure Kudlow has lost it.

[BoutDone]

Quote:

Originally Posted by godoftrading I think so! - Mortgage rates rising, at 5.85% for a 30 year fixed - Nonborrowed bank reserves now at -111,855,000,000 as of May 21st!!! http://www.federalreserve.gov/relea...ist/h3hist4.txt - BANKS ARE BROKE!! THEY ARE ILLIQUID, ONLY THING SAVING THEM IS THE FED. - Home sales still on the decline - Record supply of single family homes - Banks still not lending to consumers - Oil near all time highs - Banks trading at all time lows - Real rate of inflation near double digits (? probably) - Gasoline above $4.00 a gallon for regular unleaded - Diesel fuel up to $5.00 a gallon - Consumer confidence at 12 year low - Take out commodities backed companies and earnings are down 20%+ - Unemployment projected on the increase - Dollar still near all time lows (Yippee we have gained .03 on the Euro.... lets have a party all our problems are fixed) Oh yeah, this is already priced into the market. lol We are trading only ~5% off for the year! What else do you have to read to see this is not a healthy environment?

If I were you I would stay on the first floor and stay away from any open windows.

[HFWR]

Quote:

Originally Posted by godoftrading I think so!

Quote:

- Mortgage rates rising, at 5.85% for a 30 year fixed

You call that high. You must've missed the late 70s-early 80s. For that matter, my mortgage in 2000 was 8.5%

Quote:

- Nonborrowed bank reserves now at -111,855,000,000 as of May 21st!!! http://www.federalreserve.gov/relea...ist/h3hist4.txt - BANKS ARE BROKE!! THEY ARE ILLIQUID, ONLY THING SAVING THEM IS THE FED.

Well, some are...

Quote:

- Home sales still on the decline

Good time for bargain hunting, if you're finances are sound.

Quote:

- Record supply of single family homes

Ditto

Quote:

- Banks still not lending to consumers

Maybe not to over-extended consumers, but I'm sure I could get more money than I want to borrow...

Quote:

- Oil near all time highs

Not if adjusted for inflation.

Quote:

- Banks trading at all time lows

More bargain hunting...

Quote:

- Real rate of inflation near double digits (? probably)

nm

Quote:

- Gasoline above $4.00 a gallon for regular unleaded - Diesel fuel up to $5.00 a gallon

See comment about oil...

Quote:

- Consumer confidence at 12 year low

And?

Quote:

- Take out commodities backed companies and earnings are down 20%+

Much needed correction.

Quote:

- Unemployment projected on the increase

Still historically low.

Quote:

- Dollar still near all time lows (Yippee we have gained .03 on the Euro.... lets have a party all our problems are fixed)

Aside from making our exports cheaper, this problem will self-correct soon enough.

Quote:

Oh yeah, this is already priced into the market. lol

Maybe, maybe not...

Quote:

We are trading only ~5% off for the year!

I'm up about 2% ytd.

Quote:

What else do you have to read to see this is not a healthy environment?

Stop reading that stuff...

[DblDoc]

Well put HFWR!

DD

[Texarkandy]

All that doom & gloom & life is still good here in these United States - truly amazing, huh?

[NotSoonEnough]

Googled 'godoftrading economy crisis' and discovered that he/she/it has been posting the same tripe everywhere. A banning may be in order. Sure looks like astroturf to me...

Astroturfing - Wikipedia

[REWahoo]

NSE, use that little triangle under his avatar to report his post to the mods.

[NotSoonEnough]

Quote:

Originally Posted by REWahoo NSE, use that little triangle under his avatar to report his post to the mods.

Thanks for the encouragement.

I really don't like being the bad guy...except when I'm drinking, and this sure feels like beer-thirty.

I have used the dreaded triangle...

[REWahoo]

When in doubt, report. The mods don't read every post and need help in identifying these characters.

[brewer12345]

Quote:

Originally Posted by NotSoonEnough Googled 'godoftrading economy crisis' and discovered that he/she/it has been posting the same tripe everywhere. A banning may be in order. Sure looks like astroturf to me... Astroturfing - Wikipedia

No wonder this horse-pucky was so disjointed, out of left field and often posted in the wrong board.

[Gumby]

It's not that much worse than the "chicken little" posts by some of our other members and probably not ban-worthy at the moment (but the mods will discuss amongst ourselves).

To reiterate for godoftrading:

Your post starting this thread is of very little value to people on this board. If you want to post something worth reading, make some intelligent observations about the data points you are presenting. Tell us how we should respond to the facts you have presented. Give us some novel insight into the situation. Don't just post a list of alarmist bullet points from last week's newspaper headlines -- it is a waste of our time to read and your time to post.