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    Thread: Subprime Meltdown, the US Housing Market & the Direction of the US Economy in 2009 and 2010

    1. Senior Member beng's Avatar
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      11-20-2008 12:30 PM #2576
      Just one quick letter replacement and its "City" field. No harm no foul.
      Looks like a deal has been reached on aid to the Auto industry.
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      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    2. Global Moderator iThread's Avatar
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      11-20-2008 12:37 PM #2577
      Quote, originally posted by beng »
      Looks like a deal has been reached on aid to the Auto industry.

      Link?

    3. Senior Member beng's Avatar
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      11-20-2008 12:39 PM #2578
      Quote, originally posted by iThread »
      Link?

      This is all I have right now off of BB...senate only
      Quote, originally posted by bloomberg »
      U.S. Senators Reach Bipartisan Agreement on Aiding Automakers

      By John Hughes and Nicholas Johnston
      Nov. 20 (Bloomberg) -- A group of U.S. senators has reached
      a bipartisan agreement on aiding U.S. automakers, said an aide to
      Democratic Senator Carl Levin of Michigan.
      No details are available, Levin aide Tara Andringa said in
      an e-mail. Levin and colleagues Debbie Stabenow, a Michigan
      Democrat, George Voinovich, an Ohio Republican, and Kit Bond, a
      Missouri Republican, scheduled a 2:30 p.m. news conference in
      Washington.
      Congressional leaders haven't said whether they support the
      plan.

      1 3 4 5 7 8 8 9 10 15 16 23 32 37 42 44 49

      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    4. Global Moderator iThread's Avatar
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      11-20-2008 12:43 PM #2579
      Check out this swing after that report:
      http://www.marketwatch.com/quotes/gm

    5. Senior Member jnm2.0t's Avatar
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      11-20-2008 12:49 PM #2580
      i just dont see how bankruptcy would really help the situation as it stands now, i dont know that there was really any other choice. people dont buy cars from bankrupt companies, it's not like an airplane ticket on a bankrupt carrier that is trying to restructure itself.
      I'm just a regular Joe, with a regular job. I'm your average white, suburbanite slob.

      Quote Originally Posted by Rabbit5GTI
      You have cornered the entire 'I hate Ford Fusions' market around here
      Quote Originally Posted by Turbio!
      Pure electric vehicles will never fully replace fueled (pure ICE or PHEV) vehicles.

    6. Senior Member SAPJetta's Avatar
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      11-20-2008 01:07 PM #2581
      That report is basically about senators in states that would be devastated by one of the 3 going under. So of course they are lobbying for it.
      Where are we going and why am I in this handbasket?

    7. Senior Member ChrisMD's Avatar
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      11-20-2008 01:14 PM #2582
      Quote, originally posted by jnm2.0t »
      people dont buy cars from bankrupt companies

      I'm sure some people would but it would be the same "Buy American" people who would have bought a GM regardless. They'll see it as doing their part to help GM survive the bankruptcy.

    8. Member Tornado2dr's Avatar
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      11-20-2008 01:14 PM #2583
      Quote, originally posted by jnm2.0t »
      i just dont see how bankruptcy would really help the situation as it stands now, i dont know that there was really any other choice. people dont buy cars from bankrupt companies, it's not like an airplane ticket on a bankrupt carrier that is trying to restructure itself.

      I disagree-I think people would buy. I don't think the Truck and Fleet sector (bread and butter), will continue to buy. "If the price is right, the flight's tonight!" Amd the domestics have always had the best price on those items.

    9. Member Jimmy Bionic's Avatar
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      11-20-2008 01:21 PM #2584
      bailing out GM is like bailing out the titanic with a bucket as it's going down. There will be virtually no effect. If you let it fail foreign auto makers will scoop up the pieces, use their plants and workers and make cars people want at prices that are reasonable.
      People are holding on to this idea that we have to make cars in the U.S. Why do people feel that way about cars, but virtually every other manufacturing job can be outsourced overseas and no one cares? We are a group of reactionary, backwards thinking, live for the now motherf'ers. We can decide to live in a capitalist society and face the consequences or an insulated sociocapatlist society where "daddy" comes to fix all our problems with his magic money.
      Perhaps i'm just in a bad mood today, but throwing borrowed money at car companies that haven't really gotten it right in 20 years seems stupid to me.


      Modified by Jimmy Bionic at 1:23 PM 11-20-2008

    10. Senior Member SAPJetta's Avatar
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      11-20-2008 01:28 PM #2585
      Quote, originally posted by Jimmy Bionic »
      Perhaps i'm just in a bad mood today, but throwing borrowed money at car companies that haven't really gotten it right in 20 years seems stupid to me.

      x2
      However, the ripple effect that the failure of a company like GM would have on other industries is a bit scary as well.
      Where are we going and why am I in this handbasket?

    11. Member maskedSONY's Avatar
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      11-20-2008 01:33 PM #2586
      Quote, originally posted by Jimmy Bionic »
      People are holding on to this idea that we have to make cars in the U.S. Why do people feel that way about cars, but virtually every other manufacturing job can be outsourced overseas and no one cares? We are a group of reactionary, backwards thinking, live for the now motherf'ers. We can decide to live in a capitalist society and face the consequences or an insulated sociocapatlist society where "daddy" comes to fix all our problems with his magic money.

      The country has been thinking backwards for a long time now.
      Quote Originally Posted by Turbiodiesel!
      It really is the perfect, no excuses all-rounder for the rich guy who's accustomed to having it all - the Hybrid version especially. It's like an F-150 Raptor banged an M5 in the men's room of a biker bar. Nobody really wanted the results, but damn - what a set of genes.

    12. Senior Member beng's Avatar
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      11-20-2008 01:33 PM #2587
      Its terrifying.
      The statistic is 1 in 10 jobs in the US has some afilliation with the US Auto industry.
      Thats about 14 mil jobs... if you think that some will be wiped out and some will be downsized... then conservatively you're adding somewhere around 3 million people to the unemployment lines.
      1 3 4 5 7 8 8 9 10 15 16 23 32 37 42 44 49

      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    13. Global Moderator iThread's Avatar
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      11-20-2008 01:37 PM #2588
      Holy Hell, look at how much GM is swinging around!
      Up as much as 40% and now down 5%

    14. Senior Member beng's Avatar
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      11-20-2008 01:43 PM #2589
      The Dems are saying they won't permit a "rushed" vote.
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      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    15. Member maskedSONY's Avatar
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      11-20-2008 01:49 PM #2590
      Quote, originally posted by beng »
      Its terrifying.
      The statistic is 1 in 10 jobs in the US has some afilliation with the US Auto industry.
      Thats about 14 mil jobs... if you think that some will be wiped out and some will be downsized... then conservatively you're adding somewhere around 3 million people to the unemployment lines.

      The health care industry makes a killing off of the Big 3 for health insurance/benefits programs. I wonder how that will affect insurance companies and the drug industry should Detroit tank.
      Quote Originally Posted by Turbiodiesel!
      It really is the perfect, no excuses all-rounder for the rich guy who's accustomed to having it all - the Hybrid version especially. It's like an F-150 Raptor banged an M5 in the men's room of a biker bar. Nobody really wanted the results, but damn - what a set of genes.

    16. 11-20-2008 01:54 PM #2591
      A bailout of GM is a bailout of the unions, more or less.
      As for people still trying to call bottoms, forget about it. Cash is king. This sucker will be a U or L shaped bear so there will be plenty of time to bottom feed. You won't miss the party.

    17. Global Moderator iThread's Avatar
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      11-20-2008 02:30 PM #2592
      Manipulate the market much?
      http://www.marketwatch.com/new...75%7D


    18. Member DSG-TDI's Avatar
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      11-20-2008 03:46 PM #2593
      Everyone hang on! New 52 week low today!
      Go Gators!

    19. Global Moderator iThread's Avatar
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      11-20-2008 03:49 PM #2594
      It's not a roller coaster. Roller coasters eventually go up

    20. Member DSG-TDI's Avatar
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      11-20-2008 03:55 PM #2595
      It'll go back up
      .
      .
      .
      .
      .
      .
      .
      .
      .
      eventually ... right?
      Go Gators!

    21. Member RuffDice's Avatar
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      11-20-2008 03:56 PM #2596
      Maybe it's one of those straight-drop, free-fall roller coasters.
      All men dream, but not equally. Those who dream by night in the dusty recesses of their minds, wake in the day to find that it was vanity; but the dreamers of the day are dangerous men, for they may act on their dreams with open eyes, to make them possible.

    22. Senior Member beng's Avatar
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      11-20-2008 03:57 PM #2597
      We're all fuc.ked
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      "I don't know half of you half as well as I should like; and I like less than half of you half as well as you deserve"

    23. 11-20-2008 04:02 PM #2598
      proper fuc.ked

    24. Member DSG-TDI's Avatar
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      11-20-2008 04:05 PM #2599
      Wow, Citi down another 25% -- $4.71!
      Go Gators!

    25. Global Moderator iThread's Avatar
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      11-20-2008 04:07 PM #2600
      Dell's earnings are out and they beat expectations. They earned 37 cents a share. Analysts were expecting 32 cents. A year ago they earned 34 cents.
      The earnings call is a little under a hour away. I wonder how gloom and doom their outlook is going to be.

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