Oldtent Archives 2007 - 2008

….7th inning - J D Drew (of the Boston Red Sox) just hit a 2-run dinger for the American League to tie things up…..

JBI

jessescrossroadscafe.blogspot.com/2008/07/market-manipulation-will-continue-until.html

did you notice that the yen crossed a long term down trend line. also look at the euro/yen chart. very interesting.

rno

I should keep it with my precious metals. It’s a Bowman #511. The ‘92 set was so nice I bought a lot of the ‘93 which was not a great choice. I had several Jeters but my ex-wife “lost” them after I moved out. Live and Learn! AL just tied it at 2!

…who Direct their Company to bankrupcy shortly after selling huge amounts of stock they received as options for pennies ?….Execuflation ?

That is sooooooo accurate, in my opinion, and an excellent point to make. But could it be that those salaries were stagnant or unable to keep up with inflation, partly or mostly, because the demand for the services rendered declined for whatever reasons there may have been?

JBI

British Pound very close to 2 to 1 vs the Dead Buck
Canadian Loonie back to Par
Swiss Franc 99/100ths
Aussie Dollar 98/100ths
Japanese Yen 96/100ths
Euro near 1.6 to 1
Gold is 1000 to 1
Silver near 20 to 1

Maybe we wake up 1 day soon to the One World Currency
Trade in your Loonies and Swissies and Aussies and Yen and Bucks 1 to 1
For you English you get 2 for 1.and the Europeans 1.6 to 1

…what will they call it….?
….and Oh…I forgot the best part….. Its 100% backed by Gold…each unit redeemable for 1/1000th of an ounce or 1/20th ounce of Silver…from any Central bank in the World

Jeter Rookie card? Topps, Donruss or Fleer? Either way, hold on to it. Almost “as good as GOLD”. Did you know that since his first major league game in 1996, no other player in all of the major leagues has had more hits than him. One hell of an accomplishment, I must say.

Cheers!

JBI

Just a guess but I would wager that the top 2-3% upper income salaries are/were hyperinflating while the average middle American’s income has been stagnant and not able to keep pace with inflation.

Baseflation - Average factory worker pays $25 to see baseball game, $6 for hot dog, $7.50 for a bruski, forced to do so…no choice, can’t afford it, charges c.c., must keep up with Joneses……geeeeeeez! LOL!

JBI

The earrings are for pierced ears. They have a post, and also a clip that snaps shut to hold the earring securely in place. I have never seen that type closure, but maybe I don’t shop in the right stores!

fLaWeD lOgiC?????

Allright, that does it, buddy. Put ‘em UP. {G}

JBI

Baseflation ?

10:07 Bernanke says upside risks to inflation have intensified, while significant downside risks remain to growth
The Fed chairman continues to try to walk a fine line, cautioning with respect to potential inflation, while also noting that risks exist to the downside. Bernanke expects restrained consumer spending will persist into next year and that businesses are likely to be cautious with spending. Bernanke says that the US will grow “appreciably” below trend in 2H08. The Fed also has revised its economic outlook:
Real GDP for 2008 guided to 1.0-1.6% vs. Apr guidance of 0.3-1.2%
2008 unemployment rate 5.5-5.7%, unch. from Apr
2008 PCE inflation 3.8-4.2%, above Apr. 3.1-3.4%
Core PCE inflation 2.2-2.4%, unch from Apr.
* * * * *

BERNANKE-MANY FINANCIAL MARKETS AND INSTITUTIONS REMAIN UNDER CONSIDERABLE STRESS

BERNANKE SAYS HELPING FINANCIAL MARKETS RETURN TO NORMAL FUNCTIONING IS A TOP PRIORITY FOR FED

BERNANKE-COMPANIES ARE LIKELY TO BE CAUTIOUS WITH SPENDING IN THE SECOND HALF OF THE YEAR

BERNANKE SAYS CONSUMER SPENDING LIKELY TO BE RESTRAINED OVER COMING QUARTERS

BERNANKE-FED EXPECTS BELOW-TREND GROWTH FOR REMAINDER OF 2008, GRADUAL PICK-UP OVER NEXT 2 YEARS

BERNANKE SAYS INFLATION LIKELY TO MOVE TEMPORARILY HIGHER IN THE NEAR TERM

BERNANKE-FED’S “CRITICAL RESPONSIBILITY” TO PREVENT RISE IN INFLATION EXPECTATIONS FROM TAKING HOLD

BERNANKE-GIVEN COMMODITY PRICE RISE, FED SEES INFLATION OUTLOOK AS UNUSUALLY UNCERTAIN’

BERNANKE-FED WORRIED COMMODITY PRICES MAY CONTINUE TO RISE, POSING KEY RISK TO INFLATION FORECAST

BERNANKE SAYS FED WATCHFUL OF RISK THAT INFLATION PRESSURE BECOME EMBEDDED IN WAGE, PRICE-SETTING

BERNANKE SAYS UPSIDE RISKS TO INFLATION OUTLOOK HAVE INTENSIFIED LATELY

BERNANKE-SURGE IN OIL PRICES DRIVEN PREDOMINANTLY BY STRONG DEMAND, TIGHT SUPPLY

BERNANKE-DECLINE IN FOREX VALUE OF DOLLAR HAS CONTRIBUTED SOMEWHAT TO RISE IN OIL PRICES

Unreal!!! By the time I put up the news for this commentary, gold was taken down $14, silver was raped for 50 cents, The DOW has rallied 150, oil has dropped $7, and the dollar has firmed up off its lows … all this with Bernanke and Bush on the tube simultaneously. Yep, you are truly brain dead if you can’t grasp what is going on here … that there is a Gold Cartel out there and Plunge Protection Team which are constantly interfering in US financial markets to influence market participants and perceptions.

This one takes the take. What else can you say? Oh, I know. The Muppets are having a blast, laughing and scoffing at the dummies out there who still believe we have free markets in the US … and they are very pleased at what their Orwellian friends were able to achieve with their interventions this morning.

FINANCIAL STABILITY was the most talked about phrase after Bernanke’s testimony this morning (and more so after Paulson finished his drill later) … by hook or by crook. We got both in this case, as the Orwellians moved in to stabilize gold and the stock market. How ironic that is has been this STABILITY program over the years which has led to the financial mess of today … and now they want to fix the current problem by doing even more of the same.

Sorry to snap buddy.  Just have a thing against flawed logic.