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Economy- New Poll

Do You think the US Economy is Heading into or in a Recession--or a Depression?

  • No-the Economy is doing Fine

    Votes: 0 0.0%
  • Yes- a mild short Recession

    Votes: 0 0.0%
  • Yes- a prolonged Recession/Depression

    Votes: 0 0.0%
  • Economic Collapse

    Votes: 0 0.0%

  • Total voters
    0

hypocritexposer

Well-known member
So as a financial "expert", since I don't understand it Rolling Eyes explain to me how the economy can change so drastically in just a few days Say what?

It doesn't happen in a few days, it happens over a couple of terms, with negative thinking, reinforced by people that are determined to make it happen.

Good job OT, you are correct, and you have won! You and your pessimists!

Lead man, don't be a follower!
 

hopalong

Well-known member
Thanks to people like oldtimer who post gloom and doom posts I am managing to make a little money by playing the stock market, keep up the good work oldtimer :D
 

TexasBred

Well-known member
Oldtimer said:
TexasBred said:
Oldtimer said:
Looks like folks aren't too confident on Wall Street yet-- and oil is shooting back up....Its becoming apparent to many in the financial world that old GW wrecked this economy even more than previously thought and the $1 Trillion commitment ($300 Billion already- plus $700 Billion proposed) for bailouts may only be the tip of the iceberg....

And now there is even talk of China calling in our debt- which will esentially end up with them owning much of America...
:roll:



I TOLD YOU SO!!!! :wink: :lol: :p :p :p

OT..not BUSH....congress....repubs and dems are responsible. What debt? Only in the form of T-Bills....they can't call them..they can only offer to sell them and if there is no buyer they have to hold them until maturity which can be as much as 30 years. . Go take some economics classes you old coot.

T-bills are traded daily on the markets....

And right now the Treasury is hoping there is some buyers- because they need to put $ Zillions (?) more up for sale- and intend to auction some off....And right now you can't even get your principle price back trading them...But if China gets nervous- which some in China now believe the US economy is melting down- and decided to put theirs up for sale and just minimize their loss's it will make the US auction ones almost worthless...No it will make China's worthless...they would be cutting their own throat.Some of the global economists think China will do this- and take whatever they can get out of them to then come back and invest in US companies thru the buyup of the now excessively downsided stocks- thereby getting part ownership (and a say) in parts of the US industry .....

And like has been shown with the JBS-Brazil purchase, this administration is almost promoting foreign country ownership of the US.....

Yes they're traded daily...and if China did try to dump theirs on the market they would get pennies on the dollar. Think they want that? You don't sell when the market is at the bottom. Not even China..At that price the US might actually buy them back, then reissue a new series to cover the purchase. You don't draw your gun unless you plan to shoot...even when trading stocks and bonds.
 
A

Anonymous

Guest
Feeder cattle LIMIT DOWN-- Fat cattle LIMIT DOWN

Wheat Prices off $.50 to $1.00
Corn Down $.30


Tough day for stocks
But losses are pared in half after Dow drop reaches 800 points on credit crisis.

By Alexandra Twin, CNNMoney.com senior writer
Last Updated: October 6, 2008: 5:51 PM ET

NEW YORK (CNNMoney.com) -- Stocks plunged Monday, with the Dow down as much as 800 points during the session, as the $700 billion bank bailout plan and European government attempts to prop up faltering banks failed to comfort panicky investors.

But the Dow Jones industrial average (INDU) and other major indexes cut losses in the final hour. The Dow ended down just short of 370 points.

http://money.cnn.com/2008/10/06/markets/markets_newyork/index.htm?postversion=2008100610

Fifty-three percent of likely voters questioned in the poll say they are backing Obama for president, with 45 percent supporting McCain.

That 8-point lead is double the 4-point lead Obama held in the last CNN/Opinion Research Corporation poll, taken in mid-September.

President Bush may be part of the reason why Obama's making gains. Only 24 percent of those polled approve of Bush's job as president, an all-time low for a CNN survey.

"Bush has now tied Richard Nixon's worst rating ever, taken in a poll just before he resigned in 1975, and is only 2 points higher than the worst presidential approval rating in history, Harry Truman's 22 percent mark in February 1952," says CNN Polling Director Keating Holland.

Again I say Thank You GW- and I TOLD YOU SO!!
And it looks like a whole lot of folks are beginning to agree with me.... :wink:
 

aplusmnt

Well-known member
Gas Prices down, Oil falling and the dollar is gaining strength............guess it is all in the spin huh?

Spin Corn prices dropping........good for cattle people
Spin Corn prices dropping .......bad for Corn farmers

Glass half full or half empty?
 
A

Anonymous

Guest
Lot of folks don't have your confidence....And I can't see how dropping "everything" can be very good for Ag people...

You probably wouldn't understand it- but for folks making their money off Ag- $2.00 wheat or corn- and $75 cwt calves just won't cut it again...

Poll: 60% say depression 'likely'
Poll finds 6 of 10 believe a depression is somewhat or very likely - seeing 25% unemployed and millions homeless and hungry.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: October 6, 2008: 4:23 PM ET


NEW YORK (CNNMoney.com) -- Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.

The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:

25% unemployment rate;
widespread bank failures; and
millions of Americans homeless and unable to feed their families.

In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely.

http://money.cnn.com/2008/10/06/news/economy/depression_poll/?postversion=2008100616
 

aplusmnt

Well-known member
Oldtimer said:
Lot of folks don't have your confidence....And I can't see how dropping "everything" can be very good for Ag people...

You probably wouldn't understand it- but for folks making their money off Ag- $2.00 wheat or corn- and $75 cwt calves just won't cut it again...

Poll: 60% say depression 'likely'
Poll finds 6 of 10 believe a depression is somewhat or very likely - seeing 25% unemployed and millions homeless and hungry.

By Chris Isidore, CNNMoney.com senior writer
Last Updated: October 6, 2008: 4:23 PM ET


NEW YORK (CNNMoney.com) -- Nearly six out of ten Americans believe another economic depression is likely, according to a poll released Monday.

The CNN/Opinion Research Corp. poll, which surveyed more than 1,000 Americans over the weekend, cited common measures of the economic pain of the 1930s:

25% unemployment rate;
widespread bank failures; and
millions of Americans homeless and unable to feed their families.

In response, 21% of those polled say that a depression is very likely and another 38% say it is somewhat likely.

http://money.cnn.com/2008/10/06/news/economy/depression_poll/?postversion=2008100616

Just like it always eventually rains, markets have always went down and they go back up! If we have to go through a depression to teach today's generation to toughen up and turn off the lights when they leave the room then so be it! Sad that it has to happen because politicians experiment with social engineering did not work!

You talk about our grandchildren having to pay for our debt, then screw it lets have this depression lets all pay for our own debt and let our children reap the benefits of the boom that comes after it!

Funny thing is these socialist think they can get out of the mess with more of the Clinton Social programs in the future! Screw the poor and middle class, they send their kids to the same schools and drive the same paved roads let them get a second or third job and pay for some of this social engineering mess! I say raise taxes on the poor they got us in this mess in first place, with buying homes they could not afford and charging dinner at Pizza Hut on credit cards.
 
A

Anonymous

Guest
DOW down 500+ points (over 5%) NASDAQ & S&P down almost 6%

CME livestock and grains FLAT


Fed Warns More Economic Pain Ahead

Tuesday, October 7, 2008 2:20 PM

Federal Reserve Chairman Ben Bernanke warned Tuesday that the financial crisis has not only darkened the country's current economic performance but also could prolong the pain.
---------------------------------

"The outlook for economic growth has worsened," Bernanke said told the annual meeting here of the National Association for Business Economics.

http://moneynews.newsmax.com/financenews/recession/2008/10/07/138161.html

Pensions lose $2 trillion
Congressional budget analyst says many workers may need to delay retirement
.

Last Updated: October 7, 2008: 3:23 PM ET

Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday.

The upheaval that has engulfed the financial industry and sent the stock market plummeting is devastating workers' savings, forcing people to hold off on major purchases and consider delaying their retirement, said Peter Orszag, the head of the Congressional Budget Office.

As Congress investigates the causes and effects of the financial meltdown, the House Education and Labor Committee has heard from retirement savings and budget analysts on how the housing, credit and other financial troubles have battered pensions and other retirement funds, which are among the most common forms of savings in the United States.

"Unlike Wall Street executives, America's families don't have a golden parachute to fall back on," said Rep. George Miller, D-Calif., the panel chairman. "It's clear that their retirement security may be one of the greatest casualties of this financial crisis."

More than half the people surveyed in an Associated Press-GfK poll taken Sept. 27-30 said they worry they will have to work longer because the value of their retirement savings has declined.

Orszag indicated the fear is well-founded. Public and private pension funds and employees' private retirement savings accounts - like 401(k)'s - have lost some 20% overall since mid-2007, he estimated. Private retirement plans may have suffered slightly more because those holdings are more heavily skewed toward stocks, Orszag added.

"Some people will delay their retirement. In particular, those on the verge of retirement may decide they can no longer afford to retire and will continue working," Orszag said.

A new AARP study found that because of the economic downturn, one in five workers 45 and older has stopped putting money into a 401(k), IRA or other retirement savings account during the past year, and nearly one in four has increased the number of hours he works.

http://money.cnn.com/2008/10/07/news/economy/retirement_meltdown.ap/index.htm

Thanks GW

I TOLD YOU SO!!!!
 

Bullhauler

Well-known member
aplusmnt said:
Gas Prices down, Oil falling and the dollar is gaining strength............guess it is all in the spin huh?

Spin Corn prices dropping........good for cattle people
Spin Corn prices dropping .......bad for Corn farmers

Glass half full or half empty?


So why are feeder cattle dropping as fast as corn is? When corn was $7.00 a bushel feeder cattle were much higher then they are today.
 
A

Anonymous

Guest
Bullhauler said:
aplusmnt said:
Gas Prices down, Oil falling and the dollar is gaining strength............guess it is all in the spin huh?

Spin Corn prices dropping........good for cattle people
Spin Corn prices dropping .......bad for Corn farmers

Glass half full or half empty?


So why are feeder cattle dropping as fast as corn is? When corn was $7.00 a bushel feeder cattle were much higher then they are today.

Its simple- people have lost faith in Bush and Bushenomics ....Its just like 1932, when the people had lost faith in Hoover and the Republicans then too....And we need another FDR to come in and reassure folks and start the climb out of this mess the Bush crew was sleeping thru....We need "CHANGE"......

Poll: 60% say depression 'likely'

Paul Steinhauser writes for CNN: "Only 24 percent of those polled approve of President Bush's job performance, an all-time low for a CNN survey." The poll also found that only 26 percent of Americans are confident in Bush's ability to handle the financial crisis.
 

TexasBred

Well-known member
Oldtimer said:
Bullhauler said:
aplusmnt said:
Gas Prices down, Oil falling and the dollar is gaining strength............guess it is all in the spin huh?

Spin Corn prices dropping........good for cattle people
Spin Corn prices dropping .......bad for Corn farmers

Glass half full or half empty?


So why are feeder cattle dropping as fast as corn is? When corn was $7.00 a bushel feeder cattle were much higher then they are today.

Its simple- people have lost faith in Bush and Bushenomics ....Its just like 1932, when the people had lost faith in Hoover and the Republicans then too....And we need another FDR to come in and reassure folks and start the climb out of this mess the Bush crew was sleeping thru....We need "CHANGE"......

Poll: 60% say depression 'likely'

Paul Steinhauser writes for CNN: "Only 24 percent of those polled approve of President Bush's job performance, an all-time low for a CNN survey." The poll also found that only 26 percent of Americans are confident in Bush's ability to handle the financial crisis.

Your gonna get change with Obama...just not the change we really need.
 
A

Anonymous

Guest
Calf prices took a big hit at Miles City yesterday... :( :(

STEER CALF
RHINEHART CLARK D AND JAN , BIG HORN 14 BLK-STRCF 285 $119.50 /Cwt
RHINEHART CLARK D AND JAN , BIG HORN 2 BLK-STRCF 355 $116.25 /Cwt
DARREL OR TAMMY LUTHER , FORSYTH 20 RD/BK-STRCF 379 $115.00 /Cwt
DARREL OR TAMMY LUTHER , FORSYTH 49 BK/BWF-STRCF 450 $114.25 /Cwt
WARD JOEL JACKSON , GLENDIVE 10 HERE-STRCF 347 $112.50 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 28 BLK-STRCF 361 $111.00 /Cwt
WARD JOEL JACKSON , GLENDIVE 28 HERE-STRCF 409 $109.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 106 BLK-STRCF 460 $106.50 /Cwt
AARON HELM , MILES CITY 39 BWF-STRCF 465 $105.50 /Cwt
ADRIAN OR E.I. NEWMAN , BALLANTINE 3 BLK-STRCF 503 $100.00 /Cwt
DARREL OR TAMMY LUTHER , FORSYTH 38 BLK-STRCF 538 $99.25 /Cwt
JOSH MURPHY , CIRCLE 23 BLK-STRCF 519 $97.75 /Cwt
JOSH MURPHY , CIRCLE 20 BLK-STRCF 587 $97.25 /Cwt
VIRGINIA RONNING , MILES CITY 14 BLK-STRCF 582 $95.50 /Cwt

===========================================
HEIFER CALF
DARREL OR TAMMY LUTHER , FORSYTH 4 BLK-HFRCF 329 $104.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 19 BLK-HFRCF 360 $101.00 /Cwt
LORIN & JILL KRASS , HOGELAND 7 BK/BWF-HFRCF 402 $97.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 80 BLK-HFRCF 417 $96.75 /Cwt
JOSH MURPHY , CIRCLE 9 BLK-HFRCF 434 $94.00 /Cwt
AARON HELM , MILES CITY 13 BWF-HFRCF 378 $94.00 /Cwt
CHARLES OR PEGGY STEADMAN , MILES CITY 53 BLK-HFRCF 488 $93.75 /Cwt
JOSH MURPHY , CIRCLE 40 BLK-HFRCF 509 $92.50 /Cwt
AARON HELM , MILES CITY 21 BWF-HFRCF 469 $91.50 /Cwt
AARON HELM , MILES CITY 14 BWF-HFRCF 505 $90.00 /Cwt

Thank you again GW :( :mad:
 

hopalong

Well-known member
Thank you oldtimer for spreading so much gloom and doom thus giving me a chance to make money on the market.!!
Yes we all know you are the MISS CLEO of ranchers and predict waht is happening all over the world!!
OPPPPSSSSSSSS
No you only cut and paste you are really clueless!!!!!! without the cut and pastes :D
 
A

Anonymous

Guest
For the second time this week- Fat cattle LIMIT DOWN- Feeder cattle LIMIT DOWN...
Fats trading below $90- Feeders trading well below $100 with the rest of the year at $95......


THANKS SOME MORE GW!!! :wink:
 

hopalong

Well-known member
Oldtimer said:
For the second time this week- Fat cattle LIMIT DOWN- Feeder cattle LIMIT DOWN...
Fats trading below $90- Feeders trading well below $100 with the rest of the year at $95......


THANKS SOME MORE GW!!! :wink:
For the second time this week I have made money on the market, and I own very little GOOGLE which kokoooo puts so much faith in,I do however own some Cessna stock and some Chrysler stock so thanks KOOO KOOOO
 

backhoeboogie

Well-known member
hopalong said:
Oldtimer said:
For the second time this week- Fat cattle LIMIT DOWN- Feeder cattle LIMIT DOWN...
Fats trading below $90- Feeders trading well below $100 with the rest of the year at $95......


THANKS SOME MORE GW!!! :wink:
For the second time this week I have made money on the market, and I own very little GOOGLE which kokoooo puts so much faith in,I do however own some Cessna stock and some Chrysler stock so thanks KOOO KOOOO

Many who were overextended are thinking with their reptilian brain. Most pretty much sound the way OT sounds all the time.

There are a lot of people making money. Real estate is way down and many are rolling capital gains over into real estate to avoid the capital gains tax. It would be better in my opinion to bite the bullet now before Pelosi breaks out the big sniper weapons next year.

With the election hopeful dems and media spinning all the panic, people are doing crazy things.

Fuel burns and disappears. Money does not just disappear. It goes into some one's pocket somewhere.
 
A

Anonymous

Guest
“Happy Columbus Day, everybody. Today is Columbus Day, which means all the banks are closed. At least I think that’s why they’re closed. God, you realize Columbus is the only person to have closed more banks than President Bush. Isn’t that amazing?” -Jay Leno

“A lot of things on sale on Columbus Day. You can get a good deal on a dining room set, mattresses, General Motors.” -David Letterman

“You know, do you think President Bush really understands any of this stuff? Like today, he was asked about General Motors. And he said, ‘I think he’s doing a fine job in Iraq.’” -Jay Leno

“This weekend, the leaders of the world’s richest countries got together to discuss the global economic meltdown. Yeah. President Bush wanted to go to the meeting, but after last week, the U.S. is no longer one of the world’s richest countries.” -Conan O’Brien

“Bush is trying to reassure Americans that things are going to get better soon. And I was thinking well sure, in three months he’ll be out of office.” -David Letterman
“The average price of a gallon of gas has had its biggest drop ever this week also. It’s now down to $3.30 a gallon. Remember $3.30 a gallon? That’s the price you used to get outraged about a year ago.” -Jay Leno
 

hopalong

Well-known member
Oldtimer said:
“Happy Columbus Day, everybody. Today is Columbus Day, which means all the banks are closed. At least I think that’s why they’re closed. God, you realize Columbus is the only person to have closed more banks than President Bush. Isn’t that amazing?” -Jay Leno

“A lot of things on sale on Columbus Day. You can get a good deal on a dining room set, mattresses, General Motors.” -David Letterman

“You know, do you think President Bush really understands any of this stuff? Like today, he was asked about General Motors. And he said, ‘I think he’s doing a fine job in Iraq.’” -Jay Leno

“This weekend, the leaders of the world’s richest countries got together to discuss the global economic meltdown. Yeah. President Bush wanted to go to the meeting, but after last week, the U.S. is no longer one of the world’s richest countries.” -Conan O’Brien

“Bush is trying to reassure Americans that things are going to get better soon. And I was thinking well sure, in three months he’ll be out of office.” -David Letterman
“The average price of a gallon of gas has had its biggest drop ever this week also. It’s now down to $3.30 a gallon. Remember $3.30 a gallon? That’s the price you used to get outraged about a year ago.” -Jay Leno

Hey oldtimer if you are going to post jokes make sure they are at least funny!

I filled up the wifes car yesterday for $2.89! guess Jay Leno slept thru that!

But then who would expect antyhing but a joke from a JOKE!!!!!
oldtimer is a JOKE????
V
V
V
V
V
V
yep
V
V
V
V
clueless people usually are!
V
V
V
V
incidently oldtimer you neve answerd my question about your name calling and Cindy McCain!!!
V
V
V
you going to just ignore the fact you are the biggest hypocrite on this forum?
 
A

Anonymous

Guest
hopalong said:
Oldtimer said:
“Happy Columbus Day, everybody. Today is Columbus Day, which means all the banks are closed. At least I think that’s why they’re closed. God, you realize Columbus is the only person to have closed more banks than President Bush. Isn’t that amazing?” -Jay Leno

“A lot of things on sale on Columbus Day. You can get a good deal on a dining room set, mattresses, General Motors.” -David Letterman

“You know, do you think President Bush really understands any of this stuff? Like today, he was asked about General Motors. And he said, ‘I think he’s doing a fine job in Iraq.’” -Jay Leno

“This weekend, the leaders of the world’s richest countries got together to discuss the global economic meltdown. Yeah. President Bush wanted to go to the meeting, but after last week, the U.S. is no longer one of the world’s richest countries.” -Conan O’Brien

“Bush is trying to reassure Americans that things are going to get better soon. And I was thinking well sure, in three months he’ll be out of office.” -David Letterman
“The average price of a gallon of gas has had its biggest drop ever this week also. It’s now down to $3.30 a gallon. Remember $3.30 a gallon? That’s the price you used to get outraged about a year ago.” -Jay Leno

Hey oldtimer if you are going to post jokes make sure they are at least funny!

I filled up the wifes car yesterday for $2.89!
guess Jay Leno slept thru that!

?

Good for you- its still $3.15 here yesterday....
 

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