1 The New York Times buried in its "Energy & Environment" section an article that noted that replacements for the banned 100-watt incandescent light bulb "sell for $5 apiece and more, compared with as little as 25 cents for standard bulbs." The article added that replacements that emit the same amount of light can exceed $100 per bulb.

2 Evil kitteh

3 The 99% anarchists lefty communists are gonna fix it. + corruptocrats and michael moore. They will fix it for us! Hope!

4 The EU was sold as a trade association. Later on it became a currency zone. Now it seeks to become an Empire, complete with vassals and conquered territories sending unlimited amounts of tribute. Euro-Union Totalitarian Empire Emerges Full Blown with European Stability Mechanism (ESM). The European Stability Mechanism (ESM) "Treaty of Debt" is modeled after the Bank for International Settlements (BIS) located in Switzerland. If you work for the BIS, you have blanket immunity around the world. NO ONE can search you or your belongings. It is not clear, either, to whom the BIS reports; it seems to exist in a vacuum, supervising at least 100 central banks around the world without any oversight. Strange, to say the least.

5

You know how much energy and pollution go into making a single LED light? Lots.

As with most things...The left are tards when it comes to their vilification of the incandescent light bulb. 

6 I am truly sick of reading this column every morning. At least give some tidbit of helpful advice after all the negativity. Anything practical to help the average American preserve what little wealth he has left.

7 At least give some tidbit of helpful advice after all the negativity.

Save 30% of your income, don't depend on government welfare programs to be there when you get old, diversify your investments, get out of debt, and make sure to eat well and stay physically fit.

How's that?

8 Barack Obama is a stuttering clusterf*ck of a miserable failure.

9 LED lights hurt my eyes.....especially the blue ones.....Christmas lights are all odd looking now......the colors are just wrong.......

10 I am truly sick of reading this column every morning. At least give some tidbit of helpful advice after all the negativity. Anything practical to help the average American preserve what little wealth he has left.

1) Then don't read it, but many of us like our morning cup of DOOM!, so please don't take a dump on one of our favorite threads.

2) Work hard, accept that you'll probably be working for the rest of your "productive" life, and stock up on potable water, non-perishable food items, and ammunition.

11 Save 30% of your income, don't depend on government welfare programs to be there when you get old, diversify your investments, get out of debt, and make sure to eat well and stay physically fit.

How's that?

Posted by: Monty at November 07, 2011 09:03 AM (/0a60)

Fogot the best investment out there right now,  lead

12 It's like the old adage of reading "Doom". If everyone put their problems in a pile, you will take yours back.

13 Save 30% of your income, don't depend on government welfare programs to be there when you get old, diversify your investments, get out of debt, and make sure to eat well and stay physically fit.
 
Alternatively, you can keep your head down and your ass up, otherwise known as the ostrich solution.

14 So now we have peasants?

15 For the average person, it's nigh impossible to save 30% of your income after the federal, state, local and municiple governments get through picking
your pockets.


As far as debt is concerned, try your best to manage your debt. Debt in and
of itself is not necessarily bad.

Agree completly with the physical fitness bit.

16 But Obama’s announcement, he said, “rendered moot all of the intelligence that was gathered from the nexus of al-Qaida. The computer drives, the hard drives, the videocasettes, the CDs, the thumb drives, everything. Before that could even be looked through, the political decision was made to take credit for the operation.”

17

O/T - How come you guys never mentioned "Kick a Jew" day?  Beck's reporting a FL judge is hearing a case about FL school students copying a South Park episode.

Also, there's another Ace out there  (comments section) on the interwebz since our Ace would never cotton to Ulsterman!

18 mclovin 30% is a lot but people should save what they can......

19 I am truly sick of reading this column every morning.

No one chained your ass to the keyboard, now did they?

20 So now we have peasants?

Maybe not yet, but we're getting there.  The EuroZone is getting there faster.

The sad truth may prove to be that some form of Feudalism really is the "best" way to govern.  I'm quickly losing faith in people to see to their own enlightened self-interest (they seem to skip the "enlightened" part).

I still hold out some hope, but imagine how much "happier" so many people would be if they could just forget about "politics" all together.  Most people don't understand that Liberty is the bright, shiny side of Responsibility.

21 Debt is the wellspring from which life itself flows.

22 Pub. Serv. Announcements on radio touting "mercury toxins" in atmosphere dangerous to pregnant women, then want you to pay for expensive light bulbs filled with mercury. 

 

23 many of these men will be permanently disadvantaged in future years due to the setbacks they are facing this early in their working lives

They will recover if they try.  I was sucked into the defense industry right out of college, young and  stupid.  It took many years to recover but I eventually got some real jobs and pushed that ugly blemish off the bottom of the resume.

24

Christmas lights are all odd looking now......the colors are just wrong.......

Agreed that nasty cold blue/white light is the opposite of Christmas to me.  I know that it's really expensive to get a warm white LED but I think I'd almost prefer it if they didn't bother to decorate since the current color puts my teeth so much on edge.

25 many of these men will be permanently disadvantaged in future years due to the setbacks they are facing this early in their working lives

This is complete crap.  I don't care what "setback" you have "early" in your "working life."  Employers understand that such things are, well, early in your working life.  How about instead of whining that you're in some dead-end job (or whatever) you work your butt off and show that you're the best thing since sliced bread.  Then that "setback" will look incredibly like a "stepping-stone."

26

WASHINGTON (Reuters) - Thousands of protesters opposed to a new oil pipeline from Canada to the United States circled the White House grounds on Sunday to press President Barack Obama to reject the project for environmental reasons.

Opponents to TransCanada Corp's Keystone XL pipeline, which would transport crude produced from oil sands, have dogged the president for months, arguing that the carbon emissions produced in the process of extracting oil from the sands would exacerbate climate change.

"We have to leave the tar sands oil in the ground. That's the only solution if we're going to save the planet," said Martin Springhetti, 63, a Democrat and retired teacher from Pennsylvania, who said his active support for Obama next year would depend on the pipeline decision.

"I certainly won't work for him, but I won't vote for him if he doesn't ... say no to the pipeline," said actress Margot Kidder, 63, who campaigned for Obama in 2008 in Montana and was arrested at a similar pipeline protest earlier this year.

Rabble rousers protesting the rabble rouser in chief. Barry will have to have ACORN have a counter protest to Margot Kidder.

27
Revised govt formula shows new poverty high: 49.1M

New census estimates show the number of Americans living in poverty is higher than previously known - reaching a new level of 49.1 million, or 16 percent.
...
Americans 65 or older had the biggest poverty jump - 15.9 percent, versus 9 percent under the official formula.

For Hispanics, poverty rose to 28.2 percent, surpassing that of blacks for the first time.

28
Lump sum retirement option, if you please.  Swiss Francs.

29
Older Adults Are Now 47 Times Richer Than Those Under 35

In the U.S., the older population's net worth has gone up sharply in the past quarter century, while younger adults' wealth has declined. That news will add to the sense among many that times are tough for the nation's younger adults.

There's been a huge increase in the wealth gap between older Americans and those just entering adulthood, according to a new analysis of Census Bureau data done by the Pew Research Center.

According to Pew's study:

In 2009, "households headed by adults ages 65 and older ... had 47 times as much net wealth as the typical household headed by someone" under 35 years of age. Pew says that "back in 1984, this had been a less lopsided 10-to-1 ratio."

30 The sad truth may prove to be that some form of Feudalism really is the "best" way to govern.

Not really.  Feudalism is tremendously inefficient, and corruption can't even be measured.  And judging by the current "Elite", I'm not really too found of being a serf to Baron John Kerry

31 27
Revised govt formula shows new poverty high: 49.1M

Posted by: Ed Anger - Certified Kos Kid at November 07, 2011 09:24 AM (7+pP9)   I could probably do some number hacking too, and come up with 150 million in poverty with 3% unemployment.

32

Allen G. @10 you forgot stock up on launchers for that ammo

I added a Tyler grip adapter to one of mine and refinished the grips over the weekend. http://tinyurl.com/d9qhwm9

It's 1956 vintage.

33 A note about retirement savings: if your working income is, say, $60,000 per year, you need to think seriously about how much you're going to need when you retire. Many people make assumptions about their retirements that end up not being the case. The biggest problem is a mortgage payment: too many people assume that they'll own their home in retirement and so do not factor in a mortgage/rent payment. However, these days, it's increasingly common for people to go into retirement still owing a lot of money on their house(s). And you can add car payments, college tuition payments for the kids, credit cards, etc. into the debt mix. All in all, your monthly obligations probably won't shrink much (if at all) when you retire, so your income stream has to at the very least stay steady.

So on a $60K income, let's say your monthly income needs to be at least $4K to make ends meet. You are unlikely to get more than $1500 or so per month from Social Security (if that, and if it's even solvent by then), so that leaves a $2500 gap you have to make up out of your other resources. Every month. Month in and month out, for the rest of your life. And that's not taking into account health-care costs, which skyrocket as you move further into old age. So you have to have savings for that.

You can't expect to get 10% returns on investments going forward, that much is clear. If you're long on bonds, you can expect -- maybe -- 3%. Equities may perform a bit better: say 5 or 6% annual return. So if you need your investments to return $30K per year or so ($2500 per month for a year), you need to have around $600,000 invested -- probably more. Let's call it $800,000 to cover contingencies and to allow money for healthcare.

Now, this $800,000 nut is for a family living on $60K per year. If your lifestyle is geared around an income of $150K per year, you can double that estimate.

It's very difficult to save that much money, especially if you're not making a large wage to begin with. It's no fun putting that kind of money away because it means you have to scrimp on the luxuries (and even some necessities). But if you wait too long to save, or don't save it all, you're buying yourself a boat-load of misery in your old age -- a time when you will have neither the means nor the time to make the shortfall good.

34
I am truly sick of reading this column every morning. At least give some tidbit of helpful advice after all the negativity. Anything practical to help the average American preserve what little wealth he has left.

I got some room left in the back seat.  Playing a tape right now of the Himno Nacional...it's kinda catchy!

35 Thousands of protesters opposed to a new oil pipeline from Canada to the United States circled the White House grounds on Sunday to press President Barack Obama to reject the project for environmental reasons.

One wonders how these shitheads got to DC to begin with.

36
France tightens belt as growth slows

France announced more than 18 billion euros of budget savings for 2012 and 2013 on Monday, imposing further pain on voters to protect its credit rating and curb its deficit in a gamble for President Nicolas Sarkozy six months from an election.

Sarkozy's center-right government says extra spending cuts and tax hikes are urgently needed to keep French finances from going off the rails after it cut its growth forecast for next year to 1 percent from 1.75 percent.
...
The second package of emergency budget adjustments in just three months included accelerating the shift in retirement age to 62 from 60 in 2017, a year earlier than planned.

It also included a temporary 5 percent rise in corporate tax for firms with a turnover of more than 250 million euros, and an increase in the discounted rate of VAT sales tax to 7 percent from 5.5 percent with the exception of some items.

The latest plan foresaw savings of 7 billion euros in 2012 and 11.6 billion in 2013, when the government's target is to get the deficit to the European benchmark of 3 percent of gross domestic product before a further effort toward zero.

France is trying to reduce its budget gap from 5.7 percent of GDP this year to 4.5 percent next year.

37

The sad truth may prove to be that some form of Feudalism really is the "best" way to govern. I'm quickly losing faith in people to see to their own enlightened self-interest (they seem to skip the "enlightened" part).

Although it doesn't seem like it - by virtue of proglodytes controlling media -  we outnumber them.  We're going to need to start locally by taking back our own communities.    The people of Vernon, NJ, showed it could be done.

When conservatives finally band together, they can do some positive damage unless your county or locality is so deep blue that you have to live under commie rule.  Check out the above linky,  J. @ 6.  Something positive came out of Jersey.

38 And judging by the current "Elite", I'm not really too found of being a serf to Baron John Kerry

Oh, I agree.  My comment was based on observation.  I really don't think most people would even notice a difference.  Think about it, as long as most folks could get to Wal-Mart and AMC, as long as they could buy their over-priced coffee and trophy cars, they wouldn't even notice the problems attendant to not having property rights, gun rights, or general rights of self-determination.

39  McObamacare waiver.

40 Monday, imposing further pain on voters to protect its credit rating and curb its deficit in a gamble for President Nicolas Sarkozy six months from an election.

Oh, what a wonderful line.  "Imposing further pain."  Hey, douche-nozzles, how much "pain" would they be in if their state completely collapsed?

I really hate socialists.

41 6 I am truly sick of reading this column every morning. At least give some tidbit of helpful advice after all the negativity. Anything practical to help the average American preserve what little wealth he has left. Posted by: J at November 07, 2011 08:59 AM (Qxose) Incandescent light bulb futures! And go long!

42

Thanks for 33, Monty. Now I'll be doomy and gloomy all day.

I'm 43. Have a 6 and 4 year old and am no where near where I need to be savings-wise.

At least if I do nothing else at all the house will pay off just before I turn 65. We really hope to manage it earlier.

I wish I had the discipline to do it Dave Ramsey's way but I likes my toys.

43

Think about it, as long as most folks could get to Wal-Mart and AMC, as long as they could buy their over-priced coffee and trophy cars, they wouldn't even notice the problems attendant to not having property rights, gun rights, or general rights of self-determination.

My suspicion is that losing property, gun, and self determination fights would pretty quickly lead to the loss of those other things as well.

44 O/T:

Report: Allred to appear with Cain accuser

A new woman alleging sexual harassment by presidential hopeful Herman Cain will break her silence at a news conference with her powerhouse attorney Gloria Allred Monday afternoon in New York City, RadarOnline.com is exclusively reporting.
---------------
Will not post link.

45 I really hate socialists. Posted by: AllenG Trust me, they hate you too.

46

The Occutards are not representative of 99% of the population. ....That is an out and out lie right there.

If anything....they are a part of the 9% unemployment figure.  And the spoiled-brat spawn of many in the 1%.

But since unemployment benefits last for 99 weeks, there are no doubt many 99-ers populating the occutard crowds. ....We now know why Obama was sooo insistant on those benefits being extended to 99 weeks.

47

"I certainly won't work for him, but I won't vote for him if he doesn't ... say no to the pipeline," said actress Margot Kidder, 63,

Posted by: TheQuietMan at November 07, 2011 09:23 AM (1Jaio)

I certainly hope she was dressed this time.

48
The people of Vernon, NJ, showed it could be done.


I must admit I was unaware that he had a town.

49

And let me repeat the old refrain: you don’t “pay into” medicare any more than you “pay into” Social Security. You pay a tax which is almost immediately consumed by current beneficiaries. Your own “benefit” must be funded -- or not -- by future taxpayers.

There's an AARP ad out there that makes me want to punch everyone that has a bunch of geezers all lecturing about how they paid that money and deserve those benefits.  Every time it's on I scream at my tv "Maybe but you didn't earn selling me into eternal debt for them!"  I cannot tell you how many people of my parents' generation that think I'm lying to them when I tell them that there is no SS account with their name on it out there in the gubmint records and that there is no legal obligation for the US gov't. to pay those benefits at a prescribed level.  They seriously think I'm lying.

On the money vs. wealth thing, Judith Krantz actually has a great bit about that in I'll Take Manhattan.  The lead character is at her broker's telling him that she needs cash for a business.  He goes on and on about all her assets.  She says "So I'm broke then?"  Him "No no no you have millions!"  Her "But I can't spend it right now, thus I'm broke."  She leaves and the broker has his secretary go to the bank and get him some actual cash.  Seriously, it's a great little lesson in the difference between money and wealth. 

50 with her powerhouse attorney Gloria Allred Monday afternoon in New York City, RadarOnline.com is exclusively reporting. --------------- Posted by: Ed Anger - Certified Kos Kid at November 07, 2011 09:38 AM (7+pP9) It works.

51

43, nah. I think we're much more likely to see something like this work of fiction: http://tinyurl.com/3jbxvvm

Independence has been bred out of our society for the most part through the public schools for generations. I'd say the AoSHQ crowd and others of our mindset are a tiny fraction of society as a whole.

52 #44  Did she file a complaint at the time?  If not,  it's just Gloria trying to find a way to cash in on this.  Once I saw Politico print a comment from someone who "didn't file a complaint at the time" I knew they were looking for someone they could get to come forward,  probably for a nice fat check.

If she filed a complaint at the time,  there should be an HR record.  If she didn't,  too bad.

53 Ed Anger... The other day I was/we were wondering where that scrunt was in this story. Right in her wheelhouse.

54
World markets: Italy takes center stage

World markets were choppy Monday following speculation that Italian Prime Minister Silvio Berlusconi could be on the verge of resigning.

European stocks had been down as much as 2% after a weekend of Greek drama that ended with Greek Prime Minister George Papandreou announcing his resignation. That move is expected to be made official Monday after he and opposition leader Antonis Samaras hammer out the details of the new government

...

On Saturday, tens of thousands of demonstrators gathered in Rome to voice opposition to his government and its reforms. Italy's borrowing costs have skyrocketed in recent weeks, with the yield on the 10-year Italian bond hitting a record high of 6.68% early Monday.

55

Oh, what a wonderful line.  "Imposing further pain."  Hey, douche-nozzles, how much "pain" would they be in if their state completely collapsed?

Agreed, socialists seem to think that their paradise will spring up fully grown the instant the former government falls.

My kids have been watching the PBS series Liberty's Kids and one of the things brought out in the show is that our government almost didn't happen on several occasions, and that was with most of the people involved being in at least general agreement as to what was needed.

56 I wish I had the discipline to do it Dave Ramsey's way but I likes my toys.

That's the funny thing:  Before I did things the Dave Ramsey way, I couldn't afford toys.  Oh, I'd buy things occasionally anyway, but I was sinking deeper in debt and knew it.  Now, I'm not even all the way through step 3 (pay off the 'debt snowball'), and, with very little planning at all, I can buy just about any toy I want.

We're going through a crunch currently, because we have a leased vehicle that's coming to the end of it's term (there's a reason Ramsey calls it a "fleace"), but any month I want, I can just decide to put $1,000 towards whatever.  More-or-less.

My suspicion is that losing property, gun, and self determination fights would pretty quickly lead to the loss of those other things as well.

No, I don't think so.  The neo-feudalists know that they have a vested interest in keeping the uninformed "fat, dumb, and happy."

For instance: look at Europe.  Everything I mentioned is pretty well already gone over there.  Self-determination maybe not so much, but they have virtually no right to self defense, and (in England, at least) basically all of the land is owned by a relatively small number of families.

57 So on a $60K income, let's say your monthly income needs to be at least $4K to make ends meet. You are unlikely to get more than $1500 or so per month from Social Security (if that, and if it's even solvent by then), so that leaves a $2500 gap you have to make up out of your other resources. Every month. Month in and month out, for the rest of your life.

Posted by: Monty at November 07, 2011 09:29 AM (/0a60)

Better yet, plan as if you won't receive a dime from SS, and be pleasantly surprised if you get anything from it.

58 Posted by: Scott J at November 07, 2011 09:38 AM (/bVuS)

I think that most people are in the same boat as you are. Most will have to defer retirement for a while.

But, you know, that's not a disaster: the longer you work, the more money you can put away. "Retirement" was never intended to be a 20-year-vacation -- it was meant to give an elderly person a few years' respite before they crossed the Great Divide. I think it's going to become common to see people working into their middle-70's or even early 80's in certain fields.

I plan to work as long as I'm physically able to, or until I reach a "tipping point" where my savings are large enough to sustain a comfortable lifestyle for myself. My retirement plans are not "age based" but rather "goal based": I'll retire either when I have no choice, or when I'm rich enough to do it without fear.

59 A series of trials now underway in the Bronx reveal the harsh truth of embedded corruption and contempt for the public at the heart (if that is the right word) of the New York City police union.

One must remember that at the heart of all unions is the overwhelming desire to protect the union bosses and make them rich. That is the only reason that unions exist.

60
US Stock Futures Fall As Italy Grips Investor Attention; DJIA Off 46

U.S. stock futures fell in volatile Monday premarket trading, signaling that stocks may take their cues from European markets again amid signs of turmoil in Italian politics that overshadowed some clarity on Greece.

About a half hour before the opening bell, Dow Jones Industrial Average futures shed 46 points, or 0.4%, to 11895. Futures on the blue-chip index had been down about 150 points in earlier trading. Standard & Poor's 500-stock index futures lost 5 points to 1246 and Nasdaq 100 futures gave up 6 points to 2345.

61 husband was throwing up all night....dog threw up this morning.....on the carpet....and cat hurled a fur ball with food.....i'm feeling queasy but i can't tell if it's from the corrupt police thread, the doom thread or cleaning up the vomit......i have a feeling it's going to be a long day.....

62

I must admit I was unaware that he had a town.

Even more impressive - he died in '05.

63

I'm not sure I'll ever really want to "retire", Monty.

Being a code slinger if I could ever get to the point I could go freelance, work from home (and therefore be able to code on MY schedule and do my hobbies when I felt like it) I might just do it as long as I possess the mental capacity to do so.

Thankfully I also have some mechanical skills I can use if we have a collapse and coding skills aren't really needed.

64 i have a feeling it's going to be a long day..... Posted by: phoenixgirl ready to drink the perry flavor-aid..can i get a different flavor? at November 07, 2011 09:50 AM (SH3gZ) Queasy? At least you didn't have a severe case of pus-filled poop. That is a sight and smell nobody should experience.

65
Failed BP deal renews pressure on CEO Dudley

The collapse of BP's (BP.L) planned sale of a $7 billion stake in an Argentinean unit is Chief Executive Bob Dudley's second failed multi-billion dollar deal this year and has renewed investor concerns about his vaunted turnaround of the group.

Dudley hinted last month that the oil giant could lift its dividend next February, saying the group had reached a "turning point" after its Gulf of Mexico oil spill. But the failed deal now puts a question mark over those plans.

66

56, we at least aren't adding debt. The thing is we're just not paying down as fast as we could.

I take victories where I can. For example the old S&W I posted above was a trade for an old car I finally admitted I'd never restore.

We're actually cosidering the idea of making some major cutbacks in 2012. Ditching DirecTV and XM Radio and perhaps a few other such things.

67 That is a sight and smell nobody should experience.

Nor share.

68 Report: Allred to appear with Cain accuser

As soon as you appear with Gloria Allcash, you lose any credibility you may have had.

69 Candace M. Giove seems rather stupid. As do the Occupiers. Lord of the Flies.

70

Better yet, plan as if you won't receive a dime from SS, and be pleasantly surprised if you get anything from it.

This is one area where my financially brilliant husband goofed, mostly because he had no way to get good information.  He was planning on Aid to Dependent Children being at least 75% of the amount stated in those info packets that are sent out quarterly.  This would make it possible for me to live on the income from the invested life insurance and leave the principle alone.  THIS IS NOT THE CASE.  ADC is 50% of the stated amount which means that even to live simply and with things paid off I am having to draw at least a small amount of the principle.

71
German economy splutters as output slumps

he German economy, Europe's biggest, looks set to come to a standstill later this year as the eurozone debt crisis increasingly takes its toll, industrial output data showed Monday.

Industrial production in September contracted by 2.7 percent compared to the previous month, the economy ministry said in a statement, a much steeper decline than expected.

At the same time, the ministry revised up the figures for August, saying that output had fallen by 0.4 percent rather than the 1.0 percent previously estimated.

The ministry insisted the latest decline was exaggerated by the timing of summer holidays and that looking at August and September combined, to iron-out short-term fluctuations, output contracted by just 0.2 percent compared with June and July.

But analysts believe that, following a raft of negative economic data recently, economic growth in Germany is shuddering to a halt.

72

If a moronette wanted to buy silver rounds for barter in the coming Barackolypse, would Goldline or a similar outlet be any worse/better (i.e., carrying charges) than some option I'm not aware of?

73 cac thank you....now i'll excuse myself to go vomit.......

74 The thing is we're just not paying down as fast as we could.

Actually, somewhat strangely, I've found the biggest help to us paying off debt (besides setting a budget and living by it) was getting that $1000.00 emergency fund set up.  Partially because of the piece of mind it brings (you're more willing to throw money at debt, because you're less worried about "what if"), but also partially because we realized "Hey, if we can put that kind of money together for an emergency fund, there's no reason we can't put it together to start paying off debts."

That's also why he recommends getting the smallest debts (regardless of interest rate) paid first- it's a psychological kick ("Hey, look!  We're paying off debts!").

We should have all of our debts (except our house) paid off by December of '12 (if I've calculated correctly), and then we'll focus on expanding that emergency fund, and the last 4 steps.

75

Phoenixgirl, there's some sort of sinus thing going around that seems to also bring on upchucking.

I had it, my son had it and so did my wife (but she managed to not upchuck by not ignoring the queasy).

76
Dish Sales, Profit Miss AnalystsÂ’ Estimates on User Losses

Dish Network Corp., the second- largest U.S. satellite-television provider, reported third- quarter sales and earnings that trailed analystsÂ’ estimates after losing video subscribers.
...
Dish lost 111,000 customers, more than the 81,000 nine analysts projected on average.

77

I read his book years ago, Allen.

The will is just weak. Which makes it all the more embarrassing because I comprehend it. I'm just a slacker.

78 because of the piece of mind it brings

*sigh*:  Peace of mind.

Piece of mind would be something completely different.

79 cac thank you....now i'll excuse myself to go vomit....... Posted by: phoenixgirl ready to drink the perry flavor-aid..can i get a different flavor? at November 07, 2011 09:56 AM (SH3gZ) You'll feel better if you just barf. Unless it has a coffee-grounds look to it. Then that's Ebola.

80 Starting the week off DOOMed just adds that special something to Mondays.

81 If a moronette wanted to buy silver rounds for barter in the coming Barackolypse, would Goldline or a similar outlet be any worse/better (i.e., carrying charges) than some option I'm not aware of?

I've had good luck with APMEX, but if you know what you're doing pawn shops and estate sales are a good way to pick up silver fairly cheaply. (Though the internet has leveled the field now; almost all sellers of precious metals these days have a good idea of what the spot prices are. Most of the dealers I know have the Kitco quotes running on their smartphones all the time.)

I'd caution people against going all-in on precious metals. I'm a goldbug, as you all know, and even I sold off some of my hoard a while back. Gold and silver are hedges, not investments (historically speaking).

82 Please, Ida Belle, don't cry this time

83

Have I mentioned on here that open floorplan offices are complete hell?

I have enough trouble focusing and now this place sounds like a freaking lunchroom.

84
O/T:   Was watching morning joe on MSLSD, chris and they have breaking news that there is a fourth woman coming forward.  she is having a press conference this afternoon with her attorney, GLORIA ALRED.

MSLSD mentioned that Rove was on another station this morning saying that this would not go away.

85 61 husband was throwing up all night....dog threw up this morning.....on the carpet....and cat hurled a fur ball with food

It sounds like you need an old priest and a young priest. 

86 Here's some fucking DOOM for ya.

Cocksuckers. _{(can I say that on a Monty Thread?)}

87
Rosengren Says Federal Reserve Should Act to Bring Down Unemployment Rate

Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009.

“Given the very weak labor market conditions and the low expected inflation rate, the Federal Reserve should in my view continue to take action to aggressively try to reduce the stubbornly high U.S. unemployment rate,” Rosengren said in the text of remarks given in Boston today. He forecast inflation will be below 2 percent “over the next several years.”

The central bank may take new steps to boost growth, such as buying mortgage bonds or changing the way it communicates its policy goals to the public, Fed Chairman Ben S. Bernanke said after the Federal Open Market Committee’s two-day meeting ended Nov. 2. Policy makers last week left unchanged their plans to lengthen the maturity of the Fed’s bond portfolio, known as Operation Twist, and to keep the target federal funds rate near zero through at least mid-2013 as long as unemployment remains high and the inflation outlook remains “subdued.”

“The Federal Reserve should continue to use the tools at its disposal to boost demand in the economy,” Rosengren said, without specifying what steps should be taken.

“The Federal Reserve has taken unprecedented actions to improve the growth rate in the economy,” Rosengren said. “But economic ‘headwinds’ -- stemming from the previous financial crisis and concerns about possible future financial shocks -- have meant that despite Federal Reserve actions, economic growth has been lethargic and job growth has been too slow to make significant inroads into reducing the unemployment rate.”

88 7 At least give some tidbit of helpful advice after all the negativity.

Save 30% of your income, don't depend on government welfare programs to be there when you get old, diversify your investments, get out of debt, and make sure to eat well and stay physically fit.

How's that?

Posted by: Monty at November 07, 2011 09:03 AM (/0a60

But, but Monty, that means I would haaaave to do something! It may also boil down to (regarding yourself, accept, change, or remove whatever it is you aren't happy with). Or just sit here and be unhappy, and victimy. Uncle Sugar sure ain't gonna help you.
Families and community used to be our safety net. But hey, who needs 'em, right?

89 81 If a moronette wanted to buy silver rounds for barter in the coming Barackolypse, would Goldline or a similar outlet be any worse/better (i.e., carrying charges) than some option I'm not aware of

Make sure you buy "junk" silver not the collector stuff. Pre-1964 coins are 90% silver/

90

79 Ebola ... nice!!!

91
It's one thing to save one's acorns for a bitter winter, but another thing altogether to realize that one's government is working actively against him.

92 Is this the link spamming thread?

93 Rosengren Says Federal Reserve Should Act to Bring Down Unemployment Rate

/SARC
That's an Onion article, right?

94

I've had good luck with APMEX, but if you know what you're doing pawn shops and estate sales are a good way to pick up silver fairly cheaply.

Monty -- I recently made a new friend at the gym.  He's a pistol; 80 years-old and quite well-off from real-estate deals, day trading(!) and cagey investments. 

When I mentioned taking a silver bowl and candlesticks (for an elderly aunt who wants to dump them), he urged hanging onto them since he's looking at silver going to $400.  I did a search on the aunt's bowl and it's valued between $300 - $500.

95
Swiss Facing Prospect of Deflation

Switzerland is facing a growing threat from falling prices, official data showed Monday, just two months after the central bank announced a dramatic policy to drive down the value of the currency and maintain price stability.

The Swiss consumer price index fell 0.1 percent in October from September and was also down 0.1 percent from a year earlier, the Federal Statistics Office said in Neuchâtel. That comes on the heels of a report last month showing producer and import prices falling 0.1 percent in September from August and 2 percent from a year earlier.

“This reinforces concerns that deflation will return to Switzerland,” Lee Hardman, a currency economist at Bank of Tokyo-Mitsubishi UFJ in London, said.

Deflation punishes borrowers by raising real interest rates and makes businesses and consumers less willing to buy because of the possibility that prices will be lower in the future.

The Swiss National Bank has watched with alarm as investors fleeing the crisis in the euro zone have bought Swiss assets, driving the franc up against the euro and other currencies and fueling a worrisome rise in home prices. Bank officials have regularly described the franc as being “massively overvalued.”
----------
NY Times link.

96 ". Allred and her client will discuss, in detail, what she alleges occurred..."

Music to the ears of tabloid publishers across the globe.

97 From drudge "PELOSI: Obama in better shape than polls indicate" I have learned that dumbass jackasses like Biden and Pelosi are excellent sources of dem insider information, because cosmetic work aside, they have no "poker face". They cant keep big news they hear behind closed doors to themselves. At this point Obama is a known quantity of awfulness. Most MSM watching Americans dont realize how awful he is. The "he tries but fails" is exactly how FDR kept getting reelected during the great depression. So the way the MSM portrays matters Obamas known awfulness will in a perverse way will be superior to the unknown boogey man awfulness they will paint of our nominee. Something to prepare for. As always its the lefts news and entertainment media monopoly that starts every play on the frakkin 10 yard line. We dont need better political players as much as we desperately need some news and entertainment conservatives.

98
Is this the link spamming thread?

Posted by: Waterhouse at November 07, 2011 10:05 AM (c7UMz)

All but one were DOOM (economic) related.

99 Another sign of inflation, picture of woman who offered sex to an undercover officer for $17 (Picture is not for the weak):

http://tinyurl.com/7yxudb2

100

Have I mentioned on here that open floorplan offices are complete hell?

I have enough trouble focusing and now this place sounds like a freaking lunchroom.

Posted by: Scott J at November 07, 2011 10:03 AM (/bVuS)

I searched YouTube for the clip where Les Nessman used duct tape to mark off the floor around his office, but alas and alack.  It's not there.

101 Monty, I tend to hoard non-perishables, and almost never leave my home. Is this a good strategy for the coming Apocalypse?

102

I have a thought.

Do you suppose Cain and Newt are going to try the scenario where the sum is greater than the parts? Might they be launching a joint partnership of sorts?

Their "debate" was awfully cordial.

103

I searched YouTube for the clip where Les Nessman used duct tape to mark off the floor around his office, but alas and alack.  It's not there.

Heh, they moved us from one floor to another earlier this year. I have left several of my boxes packed up and keep them stacked on my "desk" as a makeshift wall on the side where all the hallway traffic is.

104 God that Gloria Allred woman is such a famewhore.

105 102

I have a thought.

Do you suppose Cain and Newt are going to try the scenario where the sum is greater than the parts? Might they be launching a joint partnership of sorts?

Their "debate" was awfully cordial.

Posted by: Clueless at November 07, 2011 10:12 AM (LyOUH)

Reference: McCain / Huckabee 2008 tongue fest.

106 Did someone say pus-filled poop? Like a brown Twinkie?

I call it a Bowery Breakfast.

107 Monty, a lot of people I know freaked out when they saw this on Zero Hedge on friday night:  "CME Goes To Collateral DefCon 1: Makes Maintenance Margin Equal To Initial For... Everything!?"
(as always over there the gems are in the comments)

anyway, the next post clarified a little:  "CME Issues Clarification On Margins: To Usher More Risk, Less Liquidity In MF Aftermath"
(nice, after a whole lot of people drank themselves into a drunken stupor on friday night after seeing that on their iphone, they "clarify"

and then they further clarify and add a buddy:  "ICE Follows In CME Footsteps, Lowers All Initial Margins"

ok, so they freaked everyone out and now they lowered requirements?   Monty could you please explain to me what they are doing, I'm lost here?  TIA

108
Yingli, Renesola Cut Forecasts, Take Charges in Solar Slump

Yingli Green Energy Holding Co. and Renesola Ltd., two Chinese solar companies, cut forecasts for shipments and wrote down inventory, the latest in a series of industry warnings.
...
“The solar manufacturing bubble has burst, consigning many producers who cannot keep up to history,” Martin Simonek, an analyst in London with Bloomberg New Energy Finance, said in an e-mail. “Policy changes across all key markets in Europe have limited demand growth for PV products in 2011,” while a ramp-up in manufacturing capacity has led to excess supply, he said.

YingliÂ’s shares have fallen 71 percent in New York trading in the past year, and closed at $3.69 on Nov. 4. Renesola has lost 81 percent of its market value in the same period, and its shares closed at $2.37 in New York trading on Nov. 4.

Solar companies around the world are cutting profit forecasts as plunging prices spurred on by a surge in Chinese manufacturing capacity crimps margins.

109

I searched YouTube for the clip where Les Nessman used duct tape to mark off the floor around his office, but alas and alack.  It's not there.

As God is my witness . . .

110 Posted by: curiorus at November 07, 2011 10:15 AM (Zjc3T)
Posted by: surprised at November 07, 2011 10:15 AM (k1rwm)

Who was is who said "timing" is the most important component of comedy?

111

108
Yingli, Renesola Cut Forecasts, Take Charges in Solar Slump

 

Why can't we be more like China?

112

Who was is who said "timing" is the most important component of comedy?

Remember, tragedy is when I stub my toe.  Comedy is when you fall into the open sewer and die.

(Generic you, not anyone specifically here)

113 Comedy is when you fall into the open sewer and die.

Channeling EoJ this morning?

114 #112 - The bedrock of all good cartoons.

115
MONEY MARKETS-Political turmoil adds to banks' borrowing woes

* Political turmoil hobbles financing markets

* Overnight lending rates set to fall in new maintenance period

* Market not betting on another rate cut in December

Euro zone overnight lending rates are set to fall with a huge amount of excess liquidity in the banking system and a cut in official interest rates about to come into force but banks are increasingly reluctant to extend credit to each other.

With the Greek Prime Minister standing down after a dramatic week when the country's membership of the euro zone was thrown into doubt, focus turned to Italy, where the opposition said it was preparing a motion of no-confidence in Silvio Berlusconi's government .

Even with European Central Bank secondary market bond buying, Italian government bond yields rose to a 14-year high and the yield curve flattened as the political turmoil threatened to drag the euro zone's third largest economy deeper into the regional debt crisis.

"Everyone wants stability and no-one is getting it," said a money market trader.

Italian and Spanish banks were among those paying a premium for unsecured overnight funding but secured lending markets were feeling the pressure too.

116 Monty and everyone:  I apologise for soiling your nice doom thread with the Gloria Alred news.  I was typing up my extensive question for Monty when they came on with this uber breaking news.  I was so shocked I saved my original post and immediately reported on this cause I heard the words "Gloria Alred" and whenever I hear those words it usually doesn't bode well for the accused.

117

The Death of Money:

The Baltic Dry Index is crashing as oil and gold counter-intuitively head up in a world in recession, China in hard landing.

Commodities will be parked on freighters while global inflation gets going.

118 someone smells and can't spell......

119 Another sign of inflation, picture of woman who offered ... for $17

Don't want to use the words necessary to find the story here at work. But there was a woman that traded for snacks from a delivery driver awhile ago.

120

107.  Liquidity has evaporated, especially for Europe's Banks, a larger market than ours.  Dollars are unavailable and Bennie is the sole current provider via the ECB.

The CME had raised margins to avoid speculation, especially from gold bugs, but they are trying to help an emergency situation.  Also MF Global evaporated $1.5 Billion in liquidity.  Be vewwwy worried.

121
(Generic you, not anyone specifically here)







*snicker*

122 "Revised govt formula shows new poverty high: 49.1M"

"16 percent."  only 36% more to go and the 52% will be covered.

123 meant "India", but might as well add Israel, North Korean, China, Russia,  ....

124 That Russel Meade piece at the beginning was AWESOME! At least if you enjoy seeing the government wing of the democrat party dissected and discovered to have the HIV virus.

125
$10 says that Allred wears the same pink suit with black buttons that she's worn in most of her recent pressers.

126 I apologise for soiling your nice doom thread with the Gloria Alred news.

Hey, Gloria Alred news is very DOOM-y. It's on-topic.

127 Hey, Gloria Alred news is very DOOM-y. It's on-topic.

Posted by: Monty at November 07, 2011 10:41 AM (/0a60)

You're encouraging it?

Not to mention the fact that it doesn't read the thread or even bother to see if something has already been posted.

128 The last two sentences of Steyn's  piece on OWS, referenced by Monty:

"Yet the most striking feature of OWS is its hollowness. And in a strange way the emptiness of its threats may be a more telling indictment of a fin de civilisation West than a more coherent protest movement could ever have mounted."
For me, it says it all. A great follow-up after having finished Buchanan's book "Suicide of a Superpower". I'm convinced that it's time to take care of my own business, as best I can.

129 Posted by: IllTemperedCur at November 07, 2011 10:40 AM (G+B5p)

this pink suit?

130 The Baltic Dry Index is crashing

Well, I wouldn't say "crashing". It's still above where it was back in August, and *way* above where it was back in February.

131 See: "Mapping The Great Deflation" at The Great Bear Market blog. An Elliot Wave analysis.

132

Reference: McCain / Huckabee 2008 tongue fest.

Posted by: The Robot Devil at November 07, 2011 10:14 AM (136wp)

 

Cain and Newt making a joint appearance on Boortz right now.

133

131.  "Crashing" refers to the velocity of the drop not the level.  Feb's 1050 value indicated recession in the wings,  today's drop points that direction, if not with the same emphasis.

My point is that the interim rebound may well have been anticipation of cotango but now we are inverting and the crash is occuring at an already low level of rents.  The index was once upon a time over 10,000.

What this means to me is that we'll see commodities parked in hopes of future rebounds in prices.  Commodities will substitute for script even during depression.

Not a criticism, BTW.

134 Via Rantburg and Forbes:  China's real estate market forecast to lose 50% on $25 Trillion notional value.

135

Saying they didnÂ’t really need the money, Italy cancels its auction of 3 month notes. Coincidentally, the yield on their 10 year bill hit 6.66% where the street says 7% is ass to the wall.

The good news is Spain is in worse shape, Italy is just sexier.

136 The year was 1980.  I was a junior in high school.  My dad told me, if you read only one column on the op-ed page, make it Thomas Sowell.

Thanks dad.

And Monty, the reason that I started paying attention to your stuff is the respect you have for Sowell.

137

Loved the Calper's estimate of 7.75% expectation in earnings where each 1.0% in earnings shortfall means a 10% increase in payroll tax.

Greece is in comparatively good shape.

138 Regarding silver:  I have a stash from picking things up at auctions and garage sales.

Make sure it is marked "sterling" or .925.  Otherwise you could be buying plate,  which has less value than vintage Tupperware.

I get lucky in auctions when the crowd is going for tools or NASCAR stuff or electronics.  Those buyers pay no attention to silver.  I have also found pieces in garage sales where ungrateful young couples get rid of unwanted wedding gifts.  I don't feel one bit guilty about it,  either. If they are too ungrateful to keep a gift and too lazy to check on its value,  I simply buy it and say "thank you."

139 Obama is a stuttering clusterf*ck of a miserable failure.

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