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East Coast Economic Update for July 15, 2009. webcam Edition
August 20th, 2010 | 
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Sorry for the back ground noise. I will work on that. Here is the Information you need: Congress has problems extending the Unemployment benefits for 13 more weeks: www.dallasnews.com FT: Goldman Staff Set for Record payouts: www.ft.com
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Trust me if there asking you = There asking everybody. The Credit market and Bank sector are coming unglued. YES hehe Make more videos man that’s the truth. Good thing there is a Tier2 for unemployment otherwise we would all be in dire straits. Crime would become rampant.
lol the mind games and psychology begins. If there asking you there asking everyone.
Yup — that’s it! I hope all you guys watch this. It’s maddening and tells you just how far “above” all of us peons (read: VOTERS, you know, the ones who put them in office!) these politicians think they are.
Great news everyone! I just saw on the front page of CNBC, “Roubini Now Says The Worst Of Economic Crisis Is Over”
I am with You John. You hit the nail in the head. Keep them coming.
That’s my primary reason for holding PMs, as well. I liquidated my investments after they dropped about 40% (and before they lost a LOT more), and put the remainder into PMs. No matter what happens, I have something of universally recognized value which I can either sell or barter, depending on what happens, whereas fiat money (or worse, stocks, etc.) can leave me with NOTHING. If PMs go up a LOT in fiat value, I might sell, but only to pay for something I need, not to bank. =^[.]^=
Don’t understand your thinking about Gold ans Silver. Why would they lose value when the Fiat dollar is going to follow the stock market. Isn’t a commodity like Gold and Silver always a valuable thing due to its rarity?? Could you explain why Silver is a bad hedge against the coming storm?? Thanks for you input.
Thanks for the info
I am not buying Silver as investment and not sure if it will move enough in price to overcome spot price when you buy and sell it. I am into Silver for value it holds when the US Dollar takes a dump or we hit serious INFLATION. I don’t mind holding it as it goes up and down, but want to know if it is the right option for a ‘valuable commodity’ if/when the US fiat system is in shambles. what do you think about Silver an insurance policy not investment??
My small biz has had the same credit issues suppliers lowering limits etc. Being a plumber I cut back on new houses just before 911. because i felt housing crash was coming was off about 5 yrs. focused on service repair work. I used to give my boys my scrap copper for extra $ and cleaning up my shop. now i let it pile up
Great report. Thanks much!
Here ya go. Jim DeMint
/watch?v=4tRQHsXujpo
intel ibm google put stocks up because chinas stimulous is working spilling over. lets see what has ours done look at the jobs report
We are officially at 15.2 percent here in Michigan.
Woo hoo. . . .NOT.
Yes, on a technicality. And did you see that Senator (forget his name) who pointed out the hypocrasy of them failing it because in that technicality when in another bill they passed without problem the same thing applied? And all the person answering him could do is grudgingly admit the other bill (that the administration wanted and that had passed) had the same supposed conflict. Darnit — wish I could remember all the particuliars.
Yes — Anything that gets you and yours out of NYC and back to that lovely, safe cabin! LOL. God is trying to tell you something John. ; )
What about Intel’s meeting the steet’s estimates for profits? What about New York’s economy contracting at the lowest rate since the recession began? This is just stuff that I heard on the radio, as reasons for the 200+ point gain. I don’t believe this is any reason for such a large gain, but whatever. I don’t think the market is directly tied to the state of the economy at this point anyway. It’s broadly tied, but so broadly that it’s not the best metric to use when trying to assess.
They always extend, like 1980s and after 911, unemployment benefits, and will likely even more, to about 24 months at least.
umm yeah, technical glitch, sorry no checks till November. What about manual override? $10 says robberies by family men will skyrocket.
Uptick because Intel Corp has good profits.
Technologies doing good, but that is where we will get saved.
The techs and the commodities will get us back on track. Hoping that prices don’t get crazy for these things.
Buy Gold and Silver if we see Swine flu take off this fall.
Henry Merritt “Hank” Paulson Jr. 74th United States Treasury Secretary and is a member of the International Monetary Fund Board of Governors. He previously served as the Chairman and Chief Executive Officer of Goldman Sachs. In 2008, Time named Paulson as a runner-up for its Person of the Year 2008, saying, with reference to the Global Financial Crisis of 2008: ……………………People wtf, it is not rocket science………you all deserve what the hell you get, it is right in your face,
We are preparing like crazy right now. Will hit up with another vid soon.
That assumes a ready supply of silver when you plan to reinvest, and in the form you want to buy it. Neither is certain at the best of times. =’[.]‘=
Wicked good catches there John!! Thanks so much!
I know why the markets are rallying. Pull up a chart of DXU09