House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said in a letter to Treasury Secretary Henry Paulson that the administration should consider expanding the $700 billion bailout to include car companies.
-Associated Press
Between that and the $700 Billion Dollar man saying it was very possible. I think you're going to see some sort of package to help the automakers out.
It will probably include some provision to build a cheaper Hybrid or All electric car. We need to get to the point where MOST of our vehicles run on electricity. We have shit tons of coal.
Before now there's been all this blah blah blah about the free market. Now the capitalists are coming with their hands out to the regulators. Real change is possible in this moment.
Here's a video of the guy with the government checkbook. See for yourself.
It would make sense to make investments as needed rather than by rule, we have to watch and see what's going on here. Follow the money ladies and gentlemen.
Saturday, November 8, 2008
OPEC Threatens Production Cuts
Say goodbye to cheap gas.
OPEC is threatening to cut oil production if the decline in Oil prices continues any further.
Between that, and winter coming up I don't think we'll see prices below 55. By July we'll probably see triple digits again.
Hmm...
OPEC is threatening to cut oil production if the decline in Oil prices continues any further.
Between that, and winter coming up I don't think we'll see prices below 55. By July we'll probably see triple digits again.
Hmm...
Friday, November 7, 2008
US Economy: Job Cuts Up...So Is Market
All Automakers are experiencing problems. The Retail sector looks bad as well.
Detroit is asking for some of the $700 Billion and it's not being ruled OUT!!! Very interesting.
President Elect Obma's First Press Conference
First press conference.
They tried to trap him into Thanking the Iranian President for his congratulations. I think he sidestepped them nicely. But that issue isn't going to go away.
They tried to trap him into Thanking the Iranian President for his congratulations. I think he sidestepped them nicely. But that issue isn't going to go away.
Thursday, November 6, 2008
Yes We Did! Now it's a big Job
Obama is President elect ...market down 900 since that news.
Bank of England Cuts 1.5 basis points
Trichet cuts .5 and says more cuts are coming.
VIX JUMPS 17 points to 66!!!
Japanese and German auto makers report problems.
US auto makers seek government help.
Retail sector weak.
This all points to more easing. I want to look up what happened in Japan in the 1980's. I think they took their interest rate to zero...we don't have much lower to go.
Record Opium Harvest in
There's a tropical storm headed towards Cuba.
SOHO (Chinese Real Estate Firm) Buying into the crash here. They're looking to start acquiring property. They have actual cash that they're going to put to work.
At least the people who have cash aren't as scared as all us broke folks. It means better days are ahead. They could just as easily sit on the sideline and watch us choke if they thought there was a whole lot more crashing to be done.
The Russians and Georgians are deploying missiles and whatnot. I want to look into that.
I need to spend some time thinking about Putin. He has too much influence not to study his motives.
We're about to have very easy money, with some unavoiadable inflation. The inflation shouldn't be too bad, as we're all screwed together. Heroin might be the only thing that gets cheaper in the coming year. If unemployment goes up and cheap narcotics hit the street people could get lazy in a hurry.
Check out Soverign Bank
Bank of England Cuts 1.5 basis points
Trichet cuts .5 and says more cuts are coming.
VIX JUMPS 17 points to 66!!!
Japanese and German auto makers report problems.
US auto makers seek government help.
Retail sector weak.
This all points to more easing. I want to look up what happened in Japan in the 1980's. I think they took their interest rate to zero...we don't have much lower to go.
Record Opium Harvest in
Afghanistan
...all that dope has to go somewhere.There's a tropical storm headed towards Cuba.
SOHO (Chinese Real Estate Firm) Buying into the crash here. They're looking to start acquiring property. They have actual cash that they're going to put to work.
At least the people who have cash aren't as scared as all us broke folks. It means better days are ahead. They could just as easily sit on the sideline and watch us choke if they thought there was a whole lot more crashing to be done.
The Russians and Georgians are deploying missiles and whatnot. I want to look into that.
I need to spend some time thinking about Putin. He has too much influence not to study his motives.
We're about to have very easy money, with some unavoiadable inflation. The inflation shouldn't be too bad, as we're all screwed together. Heroin might be the only thing that gets cheaper in the coming year. If unemployment goes up and cheap narcotics hit the street people could get lazy in a hurry.
Check out Soverign Bank
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