Actually, what is most interesting about this episode is that Germany is publicly Phissed off. That never happened in the past, all done behind closed doors, never offend might America, even if they are spying on a supposed ally, probably to steal industrial secrets since Germany makes the US, and most of the rest of the world, look like children playing with lego when it comes to engineering and high-end manufacturing prowess. Except for weapons, the US is still really good at that.
Yeah they're cowards, they are using stocks and stones and catapults to fight the most sophisticated military, pound for pound, in the world. But those Israeli fighter pilots, the ones that level homes and kill children from 30000 ft, they are so brave, they are in so much danger every time they take off.
Gazan Palestinians might be a lot of things because of the toxic, inhuman treatment by Israel for decades, but they are no cowards. IDF and Israelis who support this murder, now there you have cowards. Of this first order.
I feel for those poor Israeli pilots risking their lives as they launch ultra-sophisticated satellite guided munitions to their targets from thousands of feet. Those fighter jets and their unfortunate pilots are sitting ducks for a well targeted stone from a sling shot.
Surprised to see so little AH action, 200 shares so far at $2.87. Not counting the 2.74M at 4:01. First available shares are $3.06, hopefully it picks up later. Buyers are skittish after today's general market action, I think.
Scientists are often wrong, but very rarely are 99% of them wrong all at the same time. But hey, you guys know better I guess, cause a' yer exlint edication. How did it become fashionable for people on the political right to simply deny facts? Only liberals are dumb enough to believe the numbers?
It isn't hard to know why. The vaunted consumer, 70% of the economy, has very little discretionary income. Where did all that money go considering productivity has been way up last 6 years, market is way up - well, it's all gone to the 1%, and they don't spend it, they invest it or horde it. This economy, the real one, not WS, has been eating its young since the crash. The chickens are about to come to roost.
This market, the real one I mean, Main St not WS, has been eating its young since the crash. The vaunted consumer, 70% of the economy, is simply spent. The 1% got what they wanted, all productivity gains and profits went straight to the top, no distribution of wealth and so, recalling the horror of underwater mortgages and CC debt, the consumer has stopped buying what he doesn't absolutely need. Growth comes from consumer's discretionary income, people buying things they don't really need, but want. The banks should have been allowed to fail, then nationalized, all of 'em. GS never should have received that $13B check from AIG for betting against its own toxic securities it had distributed globally. Of course, AIG didn't have the money, so Paulson made sure $13B of the bailout funds for AIG went straight to GS. 100 pennies on the dollar.
Held against an onslaught of selling but was wearing down towards the end of the day. AH is showing continued deterioration. Asia will be interesting tonight. Nikkei always overreacts to everything, up and down, so expect it to tumble. Hong Kong is more interesting IMO. If it sells off, look out Europe and NY.
Maybe. Depends on what happens in Asia tonight. This is the most overheated, over-inflated market in history, and almost everyone knows it, even if they don't admit it. It's become a game of chicken. My guess is that Hong Kong (and Japan) sells off huge tonight and begins the cascade, followed by Europe, just like it did back in 1987. But, chances are it just goes green again, because there is so little volatility in the world.
This is a clear example of America's decline. In the past, if anything of the sort were to happen, it would never make the papers, it would have been dealt with on the sly. The US no longer pulls its European allies, especially a resurgent Germany, along by the short hairs. You thought Thatcher was the Iron Lady? She's got nothing on Merkel.
You find this funny? Those are people, children like yours and mine, picked off like fish in a barrel whenever Israel decides to flex its muscles.
Yeah, you're so clever. You mean those medieval catapults? The ones that have killed what, 3 people over the last 10 years while Israel has murdered 3000 in Gaza? You keep 2 million people locked up in a cage, barely feed them, disrupt their energy supplies, destroy their homes, families, infrastructure, agriculture, everything you can get your hands on that makes a place home. Make them live like sewer rats, having to bring in basic supplies through tunnels from Egypt. And so, after all this, you expect them to just lie back? Israel, always, always, initiates the fighting, and why not? They know they will suffer almost no casualties, they can pound Gaza into the earth and give the West Bank a reminder of who's boss, killing dozens, hundreds, whatever. And they get the satisfaction of bringing the country together in common cause, which is always good for politicians. The myth of the hero nation.
Israel is Sparta. That might sound good at first, but it didn't end well for them, and they will be forever remembered in history not as the brave 300 that defeated the Persians at Themopylae, but as a brutal civilization where devotion to the state was stronger than anything, including family.
That's nothing. The day before last, ISIS captured a chemical weapons disposal site. It was used by UN inspectors during the 1990s for storing decommissioned shells, shells which had been treated somehow, mostly for the nerve agent sarin. The sarin was apparently chemically degraded and the shells will never fire, but that doesn't matter, terror is what you fear will happen to you, it doesn't actually have to happen, it's still terror if you fear it. And if you fear, you are usually willing to compromise. And this is what ISIS will do with these materials, turn them into a weapon of mass hysteria. And today, as a previous poster pointed out, the Iraqi gov't issued a warning to the international community that ISIS has captured a research facility in a university in one of the towns they've captured and in it was 80lbs of slightly radioactive material, perfect dirty bomb - poor man's nuke. They tell us volatility is at a multi year low? Only on the stock market, in high finance and among the rich. So either that group of people is right and the whole rest of the world is wrong, or they are pulling the wool over our eyes. The 1% are the only people really having a good time since the crash, another 10-15% are doing OK, but the rest are worse off and have spent these last 6 years anxious and not as happy as they might have been, and a little more afraid than they were before. Only the very wealthy have everything to gain by the status quo. The richer they are, and the poorer the rest are, the more their power increases and the others diminish. Being money poor makes you incredibly vulnerable. Even if you work hard, if you only make enough to get by month to month, you live in fear. And when you're afraid, you're willing to compromise. That's how wages have remained stagnant, or even retreated in many sectors, while productivity has shot through the proof. All the gains of that extra productivity has gone to the 1%.
I hear you and sympathize, it's just clear now that nothing really matters, it's all good. Wasn't the end of QE supposed to be a disaster on the scale of Krakatoa? Apparently, not so much. Core Machinery orders way, way down from one of the 2 great machine makers on the planet? So what, just means they will be selling more in the future to make up for it. It's all ludicrous. Your best bet ion this market is to be completely ignorant of fundamentals.