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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 8935
Posted: Feb 22, 2010 5:00
Comments: 8935
Forum Topic:
Gold, Oil & Indices (Equity & Bond Indices)
Discuss Gold, Oil & Indices (Equity & Bond Indices)
Lloyd has recently been attracting -ve press! I don't want to undo my already undone chances of getting the BC (herein referred to as 'THE CARD').
Tell you what...instead of going for the HIGHER probability rejection of applying for THE CARD...let me sneak through the low-probability back door. ;) I'll apply for a hot-shot tringer position at Goldman...get it (SURELY now I'll have a higher chance of getting this job than getting THE CARD)...and THEN apply for THE CARD hereon. How does that sound to you? :D
Cheeky cheeky...I know you did the same to get THE CARD and 'busting your nuts/ thingy's JUST an alibi... :p
Asad
Do you STILL have doubts about us being quintessentially screwed...?!
Asad
The stationdealer comment...........priceless.........ha!ha!ha!
http://www.zerohedge.com/article/got-gold-head-imf-policy-steering-committee-says-fund-needs-320-billion-be-properly-resource
Movida's good - gooooooood!
I'll see if I can 'get' the BC (seems I'll be able to apply for a faculty position at Harvard if I fulfill the criteria *heheh*).
So...what do I write?
Name: A. Dizzy
Profession: Consultancy (to FSA, KKR, Goldman Sachs, JP Morgan etcetera)
Referred by: David Cameron, Kate Moss, Gunjack :p
Profile picture: Adriana Lima (w/ lots of skin & tits) ;)
DO ou reckon I'll get it now. Please feel free to add.
people...THIS had become the mission of my life - to get the American Express...(oh sorry, wrong tune)...okay...to get the London Black Card!
Asad
P.S. And YESSS...I envy you Gunjack! *grrrrrrowlll*
Like...WOW! You should be paying rent for the amount of space you're using! Did you ALWAYS want to be a columnist when you were young...and taking revenge here because THE SOCIETY didn't allow you to...??
Asad
If they can land a person on the moon...and make us believe that ben Bernanke is the savior of our world...then why can't they stop a gushing leak?
SOLUTION: Just put a lid on it! :p
Asad
P.S. or HEYYY...send a team of Goldman scubadivers - they'll structure the oil into complex financial products & sell it to the fish! Cute. *heheh*
don't think selling of BP stocks before the accident is coincidental.
More likely is BP had known but keeps hiding geological expert's reports not in favor of deep water drilling at this location. Some experts conceded the probability of success with relief wells is very low more likely is oil will keep gushing until its pressure equals that of the water column
that may last 2 years.
It could well be this desaster rings the bell for the end of the oil age
So the motto of the day is fish farming stocks.
Few things Catching my eye do check them for yourself to have a better outlook. Much of the data im looking at is m/m and y/y
Initial Claims ICSA > down
Initial weekly claims have come down, but have recently flatlined. ( can only mean a pull back )
Median Duration of Unemployment (UEMPMED) >up
The length of time the average person is unemployed continues to surge. (highest eveeeeeeR!!! Over 21 weeks now)
Civilians Unemployed for 27 weeks and Over (UEMP27OV) > up
The number of unemployed for a super long time is still a vertical line (again way way up high)
Civilian Employment-Population Ration (EMRATIO) > up slightly from a fall deeper then 1930's recession
The truest measure of employment, the civilian employment-population ratio is near its lows. (Very worrying)
Gov Hiring (USGOVT)
Government hasn't dipped at all over hundred years, never has stopped rising ever.
Financial Activity (USFIRE)
Financial services down, but not that much. But still interesting to see this, it might be an interesting chapter in my book 10 years from now :)Another perspective the recent recovery in financial services jobs, due to; guess what? YEs Thanks bailout!
Durable Good Manufacturing (DMANEMP)
Durable goods manufacturing jobs on the widest decline. But it seems less workers are churning high productivity recently show in PMI's. (Something seems to be working, still i wonder for how long.)
Natural Resources and Mining (USMINE)
Natural resources bumping up a little, but still way off old highs. Deepwater will probably help continue the down trend. Thanks mother earth for continuously feeding our insane greed. ( it was worth a mention)
Overtime: Manufacturing (AWOTMAN)
But at least manufacturing workers are starting to get some overtime again. (but consumer still not spending)
and finally population still growing.............
Most Americans know that the U.S. economy is in bad shape, but what most Americans don't know is how truly desperate the financial situation of the United States really is. The truth is that what we are experiencing is not simply a "downturn" or a "recession". What we are witnessing is the beginning of the end for the greatest economic machine that the world has ever seen.
Total government, corporate and personal debt has now reached 360 percent of GDP, which is far higher than it ever reached during the Great Depression era. A great day of financial reckoning is fast approaching, and the vast majority of Americans are totally oblivious. But the truth is that you cannot defy the financial laws of the universe forever. What goes up must come down. The borrower is the servant of the lender. Cutting corners always catches up with you in the end. Sometimes it takes cold, hard numbers for many of us to fully realize the situation that we are facing.
Heres some interesting facts for you read it here ....http://www.forbes.com/forbes/2010/0208/debt-recession-worldwide-finances-global-debt-bomb.html