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CarmineD


Joined: Dec 31, 2007
Points: 5894

Big Hit on the US/World Markets
Original Message   Jan 21, 2008 2:11 pm
Early news reports in the USA are saying the London financial markets nosed dived today in the worse downturn ever.  This comes on the heels of a 4 percent drop in the Dow Jones Industrials last week alone.  Since today is a Federal Holiday in the US in observance of Dr. Martin Luther King the financial markets are closed.  Not sure what impact the London market fall will have on the US markets--have to wait to see.

What and how long will it take jaydee to realize that he needs to enter the low to middle price range vacuum market to stay competitive in the USA in the big box stores' venue?

Any news yet on the 2007 dyson sales? 

Carmine D.

This message was modified Jun 27, 2008 by CarmineD
Replies: 195 - 204 of 217Next page of topicsPreviousNextNext page of topicsAllView as Outline
CarmineD


Joined: Dec 31, 2007
Points: 5894

Re: Big Hit on the London Markets
Reply #195   Jun 14, 2008 7:02 am
Lucky1 wrote:
Property taxes in my area of NY at least, are tied to an Index. This allows your evaluation to rise and/or fall but when multiplied by the index # they can get the amount of money they want to extort...err... assess from you. It's a no win situation for the Homeowner. Lower house value... higher Index to multiply by.

The only way to cut taxes is to have the powerful Civil/Police/Firefighter and Teacher Unions accept lower wages and benefits like most other Americans are experiencing....THAT'S NOT GOING TO HAPPEN!

YOU work for the Government now...they do not work for you. Their sense of entitlement is brazen.

In North Jersey the Governor wants small towns to group together and share overlapping services to save the Taxpayers money. They outright refuse. One town supervisor was quoted as saying "You can't do that...We would have to lay people off". GEEEZ ...What is every other Business in the US doing to help cut costs? There are Town Clerks here making $85-$125 Thou and Police making The same and Chiefs making more. These are sleepy bedroom communities.


Hello Lucky1:

I understand the state of NY has rolled back [in the process] and cut real estate property taxes.  Are you aware of this latest development?  Apparently several other states too.  My guess is that the tax paying citizenry are mad as H-E-double hockey sticks over the gas price increases and in concert with the inflated property taxes are ready to revolt.  State legislatures are attempting to stave off what they perceive as the likelihood for the angry citizenry uprisings in 2008/2009.

Also note the good Sheriff Green in the City of Brotherly Love refuses to enforce eviction and foreclosure notices on the residents.  His sense of social justice for God [street justice] overrides his man made oath to enforce legal justice.  God Love him.  He has been doing this 2004 when foreclosures in Philly started to rise.  And still is.  The courts and judges are sympathetic to his position and have been working with him and his department to fulfill his social mandate.

Carmine D.

This message was modified Jun 14, 2008 by CarmineD
CarmineD


Joined: Dec 31, 2007
Points: 5894

Re: Big Hit on the London Markets
Reply #196   Jun 16, 2008 8:36 am
Last week, facing a credibility crisis with investors, Lehman Brothers Holdings Inc. demoted its Chief Finance Officer and replaced its CEO.  The shake up in management indicates the bloodletting on Wall Street is far from over.  It's stock price has gone from $80 per share to $22 plus in the last year.

Analysts at Oppenheimer predict that what's ahead for the US is far worse than what's behind.  Expecting weak and bad economic reports and results well into next year before reaching rock bottom. 

How high will gas prices go in the US?  Some say with crude at $140 a barrel, there is plenty of wiggle room for the price per gallon to reach $6-8 per gallon. 

Carmine D.

This message was modified Jun 16, 2008 by CarmineD
mole


.

Location: earth
Joined: Sep 30, 2007
Points: 783

Re: Big Hit on the London Markets
Reply #197   Jun 16, 2008 9:17 am
Reading your economic posts reminds me of looking at the huffington report.

Although they are usually correct,both you and the huffpo.....

MOLE

This message was modified Jun 16, 2008 by mole
CarmineD


Joined: Dec 31, 2007
Points: 5894

Re: Big Hit on the London Markets
Reply #198   Jun 16, 2008 9:22 am
On a positive note, the Republican candidate for President wants to assist small business owners if elected.  He says they are the backbone of the US economy!  He's old school, like me.  And like him, I'm old too. 

Carmine D.

This message was modified Jun 16, 2008 by CarmineD
Lucky1


Joined: Jan 2, 2008
Points: 271

Re: Big Hit on the London Markets
Reply #199   Jun 16, 2008 10:53 am
CarmineD wrote:
On a positive note, the Republican candidate for President wants to assist small business owners if elected.  He says they are the backbone of the US economy!  He's old school, like me.  And like him, I'm old too.  <p>Carmine D.

Yet he still hasn't offered to stop tax credits on big business that sends jobs overseas and puts the small business owner OUT of business. Too much pandering and flip-flopping on issues pertaining to the War AND economic reforms. "Age" is the least of my requirements to get my vote. That "kid" Kennedy did a pretty good job!
CarmineD


Joined: Dec 31, 2007
Points: 5894

Re: Big Hit on the London Markets
Reply #200   Jun 16, 2008 1:15 pm
With age and wisdom, I realize that telling the truth and asking for peoples' votes are often diametrically opposed and contradictory.

Carmine D.

This message was modified Jun 16, 2008 by CarmineD
CarmineD


Joined: Dec 31, 2007
Points: 5894

Re: Big Hit on the US/World Markets
Reply #201   Jun 27, 2008 7:04 am
CarmineD wrote:

How high will gas prices go in the US?  Some say with crude at $140 a barrel, there is plenty of wiggle room for the price per gallon to reach $6-8 per gallon. 

Carmine D.



I posted this on June 16.  Yesterday a report that gas prices could reach $7 a gallon roiled the US stock markets and the dow was off almost 400 points.  Closing at the worse level in 2 years.

Simple to understand.  Last year when oil was $60 a barrel, gas prices were $3 per gallon.  Now they are $140, do the math. 

Lucky1: How's that for prophesy?  I speak for myself, regardless of the consequences.

Carmine D.

This message was modified Jun 27, 2008 by CarmineD
mole


.

Location: earth
Joined: Sep 30, 2007
Points: 783

Re: Big Hit on the US/World Markets
Reply #202   Jun 27, 2008 9:10 am
CAN YOU SAY  SPECULATORS,

NOW NORTH KOREA IS OFF THE TERROR WATCH LIST,WHAT DID THE BUSH CRIME FAMILY FIND AN OIL FIELD ..........

MOLE

Lucky1


Joined: Jan 2, 2008
Points: 271

Re: Big Hit on the US/World Markets
Reply #203   Jun 27, 2008 12:22 pm
The talking suits on the financial networks who only see the world from THEIR perspective, think it's all about the credit crunch and tax cuts for Corporations but from the little guys point of view it's a LOT different. We've spent the last 35 years disproportionally redistributing the wealth of America to the top 2% of the nation at the expense of the Middle Class. The middle class has been able to keep up with Wages until jobs and industry were shipped overseas. Then they managed to keep up with credit and borrowing. Both options are gone plus the increased costs associated with Local Taxes, high oil & food prices, the consumer is tapped out. I firmly believe we are headed for a severe depression and possibly the demise of America as we have come to know it.if we cannot find a way to redistribute the wealth from the few to the many. Without added income to the middle class... nothing will get better.
CarmineD


Joined: Dec 31, 2007
Points: 5894

Re: Big Hit on the US/World Markets
Reply #204   Jun 27, 2008 12:34 pm
Lucky1, MOLE et al:

The high costs of oil are translated into high fuel costs for transportation of imported goods into the USA.  Products that were less expensive to import than produce here aren't cheaper anymore to outsource.  Result:  These products are made here in the USA now.  More jobs. 

The economics of commerce always work better than government intervention with rules and regulations.

Bush 2, like his father, doesn't have a clue about the working class people and their struggles.  That's what happens when you're born with a silver spoon in your mouth and graduate from Yale because Daddy did.  Kudos to Papa Bush for his Navy Service.  Boos and hisses to Sonny Bush for being conspicuously absent from Vietnam, the defining event of his era.  Both can say they were President and reminisce about the good ole days.  History will be the judge of how well they both did. 

BTW Lucky1, Obama had a private and secret meeting with Senator Webb from Virginia earlier this month.  Word is that Webb, a Marine Officer who served in Viet Nam [and has a son serving in Iraq], may get the nod for VP.  Remember my comment here.  No Commander-in-Chief should send Americans to war, unless and until that person has walked the battlefield of the dead and wounded.  Obama hasn't but Webb has. 

Carmine D.

This message was modified Jun 27, 2008 by CarmineD
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