[ARCHIVED THREAD] - Not Scared Yet? Wait Until Friday! (Page 1 of 4)
Posted: 6/29/2010 1:34:30 PM EDT
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After the 1000 point drop in 20 minutes and today's "pause', how could anyone still have confidence in this market?
Tuesday, June 29, 2010 Scared Consumers Raise Fears of Double-Dip Recession By Dunstan Prial FOXBusiness The stock market plunged more than 200 points on Tuesday because consumers are concerned that the economy isn’t creating enough jobs. What’s going to happen Friday if those concerns become a reality? Friday is when the Labor Department will release its job data for June, and the numbers aren’t expected to be encouraging. Indeed, despite a predicted gain of about 110,000 private sector jobs, analysts are predicting a slight jump in the unemployment rate –– to 9.8% –– as thousands of census workers were laid off. Consumers are already skittish, fearful for their own jobs. The Conference Board reported Tuesday that its consumer confidence index hit its lowest level since March, falling to 52.9 in June from 62.7 in May. “Until the pace of job growth picks up, consumer confidence is not likely to pick up,” said Lynn Franco, director of the Conference Board’s consumer research center. And frightened consumers aren’t spending money, which means businesses have no incentive to produce and therefore no reason to hire. And so it goes. All of these concerns led to Tuesday’s selloff, led by heavy losses for Dow Jones Industrial staples such as Caterpillar (CAT: 60.85, -3.559, -5.53%), Boeing (BA: 63.06, -4.229, -6.28%) and Alcoa (AA: 10.338, -0.692, -6.27%). “Twelve months into recovery from such a deep recession, this is a terrible performance. The economy must add 13 million private sector jobs by the end of 2013 to bring unemployment down to 6%, and President Obama’s policies are not creating conditions for businesses to hire,” said Peter Morici, a University of Maryland economist and former chief economist at the U.S. International Trade Commission. So a stock-market selloff might be the least of our concerns if the jobs data Friday is as bad or worse than expected. More worrisome is whether the hundreds of billions of dollars of government spending on economic stimulus has produced nothing more than unprecedented deficits rather than the millions of private sector jobs promised. And if that’s the case, is the U.S. headed for a double-dip recession despite all that spending? The forecast is partly cloudy, at best. Dan Greenhaus, chief economic strategist with Miller Tabak, observed in a research note, “While the recession may have technically ended last summer, consumers remain skittish about job and income prospects and are refraining from consuming in a sufficient enough manner as to create substantial growth in GDP.” Meanwhile, analysts at RDQ Economics wrote: “Confidence has double-dipped in the last two recoveries without the economy falling back into recession and the June pullback in confidence is far less severe than either of those two episodes (in 1992 and 2003). Furthermore, we think that the response to the oil leak in the Gulf of Mexico is depressing confidence.” Morici believes the Obama administration needs to strengthen its focus on job creation. “Certainly, Obama inherited a mess – unemployment stood at 7.7% in January 2009; however, since then jobless ranks swelled by 3 million and many others have quit looking altogether,” he said. “Much stimulus money was squandered. Large grants to build green buildings don’t generate many new jobs except for a few architects, summer research grants for professors are even less effective, and subsidies for windmills and solar panels created lots of jobs in China,” he added. For starters, Morici believes Obama needs to address the U.S. trade imbalance with China by implementing policies that would raise prices on Chinese imports and make U.S. goods more competitive. In addition, the administration should allow whatever TARP funds are left over to be earmarked for use by struggling regional banks that would allow them to ease access to credit for small and mid-sized businesses. http://www.foxbusiness.com/story/markets/scared-consumers-raise-fears-double-dip-recession/ |
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There's also significant concern about the European markets (and the stability of a number of European banks) that are adding to the concern.
The recovery from the recession in Europe is likely going to be VERY slow - and possible may dip further, depending on what happens with the Euro, banks and some of the debt-laden economies. I hope this breaks the monetary union, and hopefully even the EU itself 
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| Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. This is the biggest buzz kill post I've read all day. And probably true. 
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There's also significant concern about the European markets (and the stability of a number of European banks) that are adding to the concern. The recovery from the recession in Europe is likely going to be VERY slow - and possible may dip further, depending on what happens with the Euro, banks and some of the debt-laden economies. I hope this breaks the monetary union, and hopefully even the EU itself I'm not hearing encouraging things about that either. At least you'll probably see your hopes become reality. I'm just not sure it will stop there. |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. This is the biggest buzz kill post I've read all day. And probably true. Some of it is already true. |
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After the 1000 point drop in 20 minutes and today's "pause', how could anyone still have confidence in this market? Tuesday, June 29, 2010 Scared Consumers Raise Fears of Double-Dip Recession By Dunstan Prial FOXBusiness The stock market plunged more than 200 points on Tuesday because consumers are concerned that the economy isn’t creating enough jobs. What’s going to happen Friday if those concerns become a reality? Friday is when the Labor Department will release its job data for June, and the numbers aren’t expected to be encouraging. Indeed, despite a predicted gain of about 110,000 private sector jobs, analysts are predicting a slight jump in the unemployment rate –– to 9.8% –– as thousands of census workers were laid off. Consumers are already skittish, fearful for their own jobs. The Conference Board reported Tuesday that its consumer confidence index hit its lowest level since March, falling to 52.9 in June from 62.7 in May. “Until the pace of job growth picks up, consumer confidence is not likely to pick up,” said Lynn Franco, director of the Conference Board’s consumer research center. And frightened consumers aren’t spending money, which means businesses have no incentive to produce and therefore no reason to hire. And so it goes. All of these concerns led to Tuesday’s selloff, led by heavy losses for Dow Jones Industrial staples such as Caterpillar (CAT: 60.85, -3.559, -5.53%), Boeing (BA: 63.06, -4.229, -6.28%) and Alcoa (AA: 10.338, -0.692, -6.27%). “Twelve months into recovery from such a deep recession, this is a terrible performance. The economy must add 13 million private sector jobs by the end of 2013 to bring unemployment down to 6%, and President Obama’s policies are not creating conditions for businesses to hire,” said Peter Morici, a University of Maryland economist and former chief economist at the U.S. International Trade Commission. So a stock-market selloff might be the least of our concerns if the jobs data Friday is as bad or worse than expected. More worrisome is whether the hundreds of billions of dollars of government spending on economic stimulus has produced nothing more than unprecedented deficits rather than the millions of private sector jobs promised. And if that’s the case, is the U.S. headed for a double-dip recession despite all that spending? The forecast is partly cloudy, at best. Dan Greenhaus, chief economic strategist with Miller Tabak, observed in a research note, “While the recession may have technically ended last summer, consumers remain skittish about job and income prospects and are refraining from consuming in a sufficient enough manner as to create substantial growth in GDP.” Meanwhile, analysts at RDQ Economics wrote: “Confidence has double-dipped in the last two recoveries without the economy falling back into recession and the June pullback in confidence is far less severe than either of those two episodes (in 1992 and 2003). Furthermore, we think that the response to the oil leak in the Gulf of Mexico is depressing confidence.” Morici believes the Obama administration needs to strengthen its focus on job creation. “Certainly, Obama inherited a mess – unemployment stood at 7.7% in January 2009; however, since then jobless ranks swelled by 3 million and many others have quit looking altogether,” he said. “Much stimulus money was squandered. Large grants to build green buildings don’t generate many new jobs except for a few architects, summer research grants for professors are even less effective, and subsidies for windmills and solar panels created lots of jobs in China,” he added. For starters, Morici believes Obama needs to address the U.S. trade imbalance with China by implementing policies that would raise prices on Chinese imports and make U.S. goods more competitive. In addition, the administration should allow whatever TARP funds are left over to be earmarked for use by struggling regional banks that would allow them to ease access to credit for small and mid-sized businesses. http://www.foxbusiness.com/story/markets/scared-consumers-raise-fears-double-dip-recession/ I was away from my tv for most of the day today so what is this "pause" that you made reference to all about? What happened today and what "pause" did I miss? I already realize the market tanked hard today (over 200 points down) but what else did I miss? TIA. |
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I hope this breaks the monetary union, and hopefully even the EU itself Any thoughts on the probability of the EU breaking down, and the Euro going away, each country returning to whatever they used before? Talking with angry Germans it sounds likely, but then talking with angry Texans it also sounds probable that the Lone Star State will secede (not gonna happen ). What matters is what the elite want, of course, so are there enough northern European elites who want to return to Deutsche Marks/axes/beaver pelts/etc, or are they making out like bandits on the Euro?
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I was away from my tv for most of the day today so what is this "pause" that you made reference to all about? What happened today and what "pause" did I miss? I already realize the market tanked hard today (over 200 points down) but what else did I miss? TIA. Citigroup Recoups Loss After Circuit Breaker Ends By Jeff Kearns and Nina Mehta - Jun 29, 2010 Email Share A 17 percent plunge in Citigroup Inc. today triggered a five-minute trading pause, making the bank the second company halted by the two-week-old circuit- breaker program created to prevent market panics. The order that caused the slump, 8,820 shares of Citigroup that crossed for $3.3174 at 1:03:51 p.m. in New York, was canceled, according to data compiled by Bloomberg. The stock changed hands for $3.80 when trading resumed, compared with yesterday’s close of $4, as U.S. stocks posted the biggest losses in three weeks. Regulators are seeking to prevent declines in one or more securities from causing volatility to snowball, prompting a cascade of losses across markets. During the May 6 rout that erased $862 billion in value from U.S. equities in less than 20 minutes, ETFs and companies such as Accenture Plc fell as much as 99 percent. The Securities and Exchange Commission and Commodity Futures Trading Commission said the plunge may have been fueled by curbs that applied on some venues and not others. “It’s great that the circuit breaker picked it up and stopped everything, but how is an order that size allowed to print so far below where it’s trading?” said Alec Levine, an options strategist at Wallachbeth Capital LLC in New York. “If you did that for every stock you could effectively shut down the stock market.” Doubling the Program The SEC is testing the program that pauses trading for five minutes in S&P 500 companies when their stock rises or falls at least 10 percent in less than five minutes after 9:45 a.m. New York time. U.S. stock exchanges are about to propose doubling the number of companies covered by the trading curbs and expanding the program to include hundreds of exchange-traded funds, two people with direct knowledge of the matter said. “I’m happy those mechanisms are in place,” said Mark Bronzo, an Irvington, New York-based fund manager at Security Global Investors, which oversees $23 billion. “Sometimes a stock gets down and not on a lot of volume. It smoothes out some of the volatility.” Washington Post Co.’s 99 percent surge on June 16 also triggered the circuit breakers. Boeing Co.’s 44 percent decline yesterday didn’t because it happened before 9:45 a.m. New York time. Citigroup spokeswoman Danielle Romero-Apsilos declined to comment. ‘Mayhem’ “The system seems to have worked smoothly,” said Stephen Carl, head equity trader at Williams Capital Group LP in New York. “The question will be: How will the system work if there is a scenario of ‘mayhem,’ with all indices and sectors and stocks trading through thresholds?” NYSE Euronext and Nasdaq OMX Group Inc. will ask the SEC to broaden circuit breakers triggered by 10 percent moves to Russell 1000 Index companies from those in the S&P 500, according to two people familiar with the matter, who declined to be identified because the information isn’t public. More than 300 ETFs including the SPDR S&P 500 ETF Trust would be covered, one of the people said. “It makes sense to expand the pilot to ETFs and other stocks traded by a broad universe of investors,” said Edward Johnsen, a partner in the securities regulation practice at law firm Winston & Strawn LLP in New York and former head of equities compliance at Deutsche Bank Securities, a unit of Deutsche Bank AG. “I’d expect the SEC to eventually add all National Market System securities so they’re all covered by the same rule and the same process.” NYSE, Nasdaq Securities in the National Market System are companies or ETFs listed on the New York Stock Exchange, NYSE Arca and NYSE Amex –– all owned by NYSE Euronext –– or Nasdaq OMX’s Nasdaq Stock Market. They can be traded on venues including public markets and private platforms known as dark pools. John Heine, a spokesman for the SEC in Washington, declined to comment on the exchanges’ plans for the program, which lasts through December. Eric Ryan, a spokesman at NYSE Euronext, declined to comment, as did Robert Madden of Nasdaq OMX. During the May 6 drop, almost 20,800 trades that were at least 60 percent away from the market price when the plunge began were later canceled. ETFs accounted for 70 percent of the securities with trades on May 6 that were later voided by exchanges. SEC Chairman Mary Schapiro said the SEC would continue to examine trading issues involving ETFs to determine why those securities were among the most affected that day. Dislocations CME Group Inc. Chief Executive Officer Craig Donohue said June 22 that curbs on ETFs tracking a large portion of the market could cause dislocations given that their prices are derived from underlying baskets of stocks and are linked to equity-index futures, which may continue trading while the ETF is paused. CME, based in Chicago, runs the world’s biggest futures exchange. Donohue’s concern highlights the “need for more coordination between instruments that have similar types of exposure to the market but trade in different asset classes,” said Adam Sussman, director of research at Tabb Group LLC, a financial services research firm in New York. “There needs to be coordination so liquidity pressure doesn’t just move from the equities market to the futures market,” he said. He endorsed the expansion of curbs beyond the S&P 500. “Most people want to see the circuit breakers more broadly applied so they’re not just for the most liquid stocks but also those that are less liquid,” Sussman said. “Some of the more dramatic price moves on May 6” were by less-traded companies, he added. http://www.bloomberg.com/news/2010-06-29/citigroup-trading-halted-by-circuit-breaker-as-shares-fall-as-much-as-17-.html |
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After the 1000 point drop in 20 minutes and today's "pause', how could anyone still have confidence in this market? Tuesday, June 29, 2010 Scared Consumers Raise Fears of Double-Dip Recession By Dunstan Prial FOXBusiness The stock market plunged more than 200 points on Tuesday because consumers are concerned that the economy isn’t creating enough jobs. What’s going to happen Friday if those concerns become a reality? Friday is when the Labor Department will release its job data for June, and the numbers aren’t expected to be encouraging. Indeed, despite a predicted gain of about 110,000 private sector jobs, analysts are predicting a slight jump in the unemployment rate –– to 9.8% –– as thousands of census workers were laid off. Consumers are already skittish, fearful for their own jobs. The Conference Board reported Tuesday that its consumer confidence index hit its lowest level since March, falling to 52.9 in June from 62.7 in May. “Until the pace of job growth picks up, consumer confidence is not likely to pick up,” said Lynn Franco, director of the Conference Board’s consumer research center. And frightened consumers aren’t spending money, which means businesses have no incentive to produce and therefore no reason to hire. And so it goes. All of these concerns led to Tuesday’s selloff, led by heavy losses for Dow Jones Industrial staples such as Caterpillar (CAT: 60.85, -3.559, -5.53%), Boeing (BA: 63.06, -4.229, -6.28%) and Alcoa (AA: 10.338, -0.692, -6.27%). “Twelve months into recovery from such a deep recession, this is a terrible performance. The economy must add 13 million private sector jobs by the end of 2013 to bring unemployment down to 6%, and President Obama’s policies are not creating conditions for businesses to hire,” said Peter Morici, a University of Maryland economist and former chief economist at the U.S. International Trade Commission. So a stock-market selloff might be the least of our concerns if the jobs data Friday is as bad or worse than expected. More worrisome is whether the hundreds of billions of dollars of government spending on economic stimulus has produced nothing more than unprecedented deficits rather than the millions of private sector jobs promised. And if that’s the case, is the U.S. headed for a double-dip recession despite all that spending? The forecast is partly cloudy, at best. Dan Greenhaus, chief economic strategist with Miller Tabak, observed in a research note, “While the recession may have technically ended last summer, consumers remain skittish about job and income prospects and are refraining from consuming in a sufficient enough manner as to create substantial growth in GDP.” Meanwhile, analysts at RDQ Economics wrote: “Confidence has double-dipped in the last two recoveries without the economy falling back into recession and the June pullback in confidence is far less severe than either of those two episodes (in 1992 and 2003). Furthermore, we think that the response to the oil leak in the Gulf of Mexico is depressing confidence.” Morici believes the Obama administration needs to strengthen its focus on job creation. “Certainly, Obama inherited a mess – unemployment stood at 7.7% in January 2009; however, since then jobless ranks swelled by 3 million and many others have quit looking altogether,” he said. “Much stimulus money was squandered. Large grants to build green buildings don’t generate many new jobs except for a few architects, summer research grants for professors are even less effective, and subsidies for windmills and solar panels created lots of jobs in China,” he added. For starters, Morici believes Obama needs to address the U.S. trade imbalance with China by implementing policies that would raise prices on Chinese imports and make U.S. goods more competitive. In addition, the administration should allow whatever TARP funds are left over to be earmarked for use by struggling regional banks that would allow them to ease access to credit for small and mid-sized businesses. http://www.foxbusiness.com/story/markets/scared-consumers-raise-fears-double-dip-recession/ Bunch of chicken little nonsense. Don't you know Obama is here to help us??? 
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Both is and the first article are great reading, but has one article ever predicted accurately how the market will react on a specific day. As I recall, those predicted down days are usually lack luster because the expected events don't transpire, or the market doesn't panic. The 2nd article predicts a calamity with the following conditions, we shall see  See, the ECB has a rollover problem coming, in that they need to roll a significant amount of term liquidity deposits Thursday. If those rolls fail, the markets will crash. Both credit and equity. |
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Be afraid: http://market-ticker.org/archives/2461-Neo-Keynesian-FAIL-Take-Heed-Bernanke.html Both is and the first article are great reading, but has one article ever predicted accurately how the market will react on a specific day. As I recall, those predicted down days are usually lack luster because the expected events don't transpire, or the market doesn't panic. The 2nd article predicts a calamity with the following conditions, we shall see
See, the ECB has a rollover problem coming, in that they need to roll a significant amount of term liquidity deposits Thursday.
If those rolls fail, the markets will crash. Both credit and equity.
You bring up a very good point. The expected bad news coming this Friday is, well, expected, thus resulting in a down day but probably nothing major. The panic sets in when bad news happens unexpectedly and spreads throughout the markets like a wildfire. After the two recent incidences, my unprofessional opinion is that that day could happen at any time. |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. Wolverines!!! |
i'm holding you responsible for the sins of your forefathers! Quoted: There's also significant concern about the European markets (and the stability of a number of European banks) that are adding to the concern. The recovery from the recession in Europe is likely going to be VERY slow - and possible may dip further, depending on what happens with the Euro, banks and some of the debt-laden economies. I hope this breaks the monetary union, and hopefully even the EU itself |
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Be afraid: http://market-ticker.org/archives/2461-Neo-Keynesian-FAIL-Take-Heed-Bernanke.html Both is and the first article are great reading, but has one article ever predicted accurately how the market will react on a specific day. As I recall, those predicted down days are usually lack luster because the expected events don't transpire, or the market doesn't panic. The 2nd article predicts a calamity with the following conditions, we shall see
See, the ECB has a rollover problem coming, in that they need to roll a significant amount of term liquidity deposits Thursday.
If those rolls fail, the markets will crash. Both credit and equity.
You bring up a very good point. The expected bad news coming this Friday is, well, expected, thus resulting in a down day but probably nothing major. The panic sets in when bad news happens unexpectedly and spreads throughout the markets like a wildfire. After the two recent incidences, my unprofessional opinion is that that day could happen at any time. Exactly, because the bad news will already be priced into the market 
Friday should be a non-event. |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. Hahahaha |
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Friday is when the Labor Department will release its job data for June, and the numbers aren’t expected to be encouraging. Indeed, despite a predicted gain of about 110,000 private sector jobs, analysts are predicting a slight jump in the unemployment rate –– to 9.8% –– as thousands of census workers were laid off. Thousands? UMmmmmm, Last I checked, they hired 410,000, that is 410 thousand. I'm sure they aren't shit canning all of them at once, but I am also sure it will be signifigantly more than "thousands" |
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“It’s great that the circuit breaker picked it up and stopped everything, but how is an order that size allowed to print so far below where it’s trading?” said Alec Levine, an options strategist at Wallachbeth Capital LLC in New York. “If you did that for every stock you could effectively shut down the stock market.”
This is what I find frightening. |
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Quoted: Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. I have that board game on my shelf. http://www.trollandtoad.com/pd1654209.html?associateid=97_7  |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. This is the biggest buzz kill post I've read all day. And probably true. Except for the Soviet Union being around, riots in Poland, Soviet troops invading, Cuba and Nicaragua able to raise troops, El Salvador and Honduras falling, (West) Germany demanding withdrawals of nuclear weapons from European soil, Mexico....ok, I'll give you Mexico falling to revolution, NATO dissolving I'd say that was spot on! |
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Hmmm,so it wasn't a trader with fat fingers this time?Interesting......... Maybe it was a drunk guy this time? |
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If someone broke a window on Wall Street, the market would plummet.  Fuck wallstreet. A bunch of overeducated stupid people calling themselves "analysts" who fucking guess what a company "should" do. Then the company misses these random douchebags forecast by $.0001 and the stock plummets. Forget tha they actually made a PROFIT. |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. Alright Mr. Red Dawn...
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I hope this breaks the monetary union, and hopefully even the EU itself Any thoughts on the probability of the EU breaking down, and the Euro going away, each country returning to whatever they used before? Talking with angry Germans it sounds likely, but then talking with angry Texans it also sounds probable that the Lone Star State will secede (not gonna happen ). What matters is what the elite want, of course, so are there enough northern European elites who want to return to Deutsche Marks/axes/beaver pelts/etc, or are they making out like bandits on the Euro?I don't actually think the EU is going to break, much as I'd like to see it "return" to a smaller union that is primarily focused on trade and economics. However, I do think there's the possibility of the monetary union failing (i.e. the Euro going away). Unfortunately, all the bureaucrats in Brussels have slowly been accumulating power and unstoppable red tape , so I imagine it may just limp along. But, if the bailouts and auterity measures in Greece (and other problem economies, particularly the mediterranian ones) do not work, and one or two other EU members basically go bankrupt, I do not think the Germans (and northern Europeans) governments will stand for it - and MIGHT allow the Euro to break, just to avoid the political suicice of bailing them out again.
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Quoted: Quoted: Quoted: Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. This is the biggest buzz kill post I've read all day. And probably true. Except for the Soviet Union being around, riots in Poland, Soviet troops invading, Cuba and Nicaragua able to raise troops, El Salvador and Honduras falling, (West) Germany demanding withdrawals of nuclear weapons from European soil, Mexico....ok, I'll give you Mexico falling to revolution, NATO dissolving I'd say that was spot on! Well, instead of Communist riots in Poland, we have Communist riots in Greece. As for the Soviet Union not being around...I think a compelling case could be made that we're in the middle of an American Bolshevik revolution as we speak. The American Left have been dreaming about a day like we had in November 2008 for over a century. I have a hard time believing that people who claim we supported the wrong side in The Cold War are going to let a trivial thing like an election strip them of their "birth right". |
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Soviet Union suffers worst wheat harvest in 55 years... Labor and food riots in Poland. Soviet troops invade... Cuba and Nicaragua reach troop strength goals of 500,000. El Salvador and Honduras fall... Greens Party gains control of West German Parliament. Demands withdrawal of nuclear weapons from European soil... Mexico plunged into revolution... NATO dissolves. United States stands alone. This is the biggest buzz kill post I've read all day. And probably true. Some of it is already true. 
wolverines bitches |
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I cant see how anyone can think that it's going to get better .......but I've had just too good a day here to give a damn . I hope you folks have all your ducks in a row , or are close enough to getting them there to minimize the shock wave that is coming . My better half and I just secured our little retreat and will probably start moving in July . God help us all. |