Global stock market crash in progress - Page 9 - U2 Feedback

Go Back   U2 Feedback > Lypton Village > Free Your Mind
Click Here to Login
Reply
 
Thread Tools Search this Thread Display Modes
 
Old 10-17-2008, 06:53 PM   #121
BVS
Blue Crack Supplier
 
BVS's Avatar
 
Join Date: Aug 2002
Location: between my head and heart
Posts: 40,655
Local Time: 05:06 AM
Quote:
Originally Posted by purpleoscar View Post
I think you just don't understand my posts and act like a snob and superior. I read my articles and other people's articles and I just don't always reach the same conclusion you do.
I understand your post, I just don't understand why you don't actually address the questions asked or the topic at hand.

Quote:
Originally Posted by purpleoscar View Post
Also what you think is important in a discussion is often not what other people think is important so they will not follow YOUR template. I think you ignore my posts by far more with:

"Stop drinking the Kool-Aid"

"You didn't read my post"

"That's not a good source"

and more brilliant "gotcha" moments like that. Anybody can do that. You also like to ask people to bring TONS of evidence from the internet to back up their opinions yet I don't see you doing the same either. It's like a tactic to wear posters out while you use one sentence responses. Why don't you do some work for a change? Why is it that other conservative posters complain about the same responses from you? Is it because all conservatives are stupid and don't read posts or is it because they don't saying things in agreement with you?
Well a lot of times you don't read my posts or other posters.

And sources are very important, not just in here, in life. A report on global warming written by a guy who took one meteorology class in college isn't going to cut it. When you post a source that's just dripping with obvious bias, how is anyone suppose to take it seriously?

I don't ask for tons of evidence but if you make a specific statement then be prepared to back it up, that goes for everywhere, you had to site your sources in college, right? If I make a post and you don't believe my facts then ask for a source I'll be glad to provide one.

This has nothing to do with me not liking what you are saying, it's about just being able to back up what you say and being courteous enough to discuss the issue at hand. You often come off as someone who likes to "talk" a lot but never really "listens".


Quote:
Originally Posted by purpleoscar View Post
I don't think the Iraqi surplus is as important in the discussion as you do. Too bad. You have to learn to agree to disagree instead of belabouring small points, and brow beating posters.
And that's fine if you don't think the surplus is important. But don't quote someone's and then go on and on about something else and not address the quote. Or at least explain why you think we should be footing the bill and not the country that is benefitting from it. But you didn't do that, you just kept going on and on how we shouldn't just bail, when no one suggested that. You don't argue that the sky is blue if no one hasn't suggested otherwise, that would be pointless.

This had nothing, absolutely nothing to do with me disagreeing with your stance, it had everything to do with your approach to "discussing" it.
__________________

__________________
BVS is offline   Reply With Quote
Old 10-17-2008, 09:05 PM   #122
Rock n' Roll Doggie
ALL ACCESS
 
purpleoscar's Avatar
 
Join Date: Jul 2004
Location: In right wing paranoia
Posts: 7,597
Local Time: 04:06 AM
"We shouldn't foot the whole bill while Iraq is generating huge surplusses."

Iraq is footing some of the bill but if the U.S. is causing war damage it makes sense that they should foot more since they do most of the destruction. See Bush article below on what Bush intended to do with reconstruction in 2005.

Fact Sheet: Rebuilding Iraq

"Together, Iraqis And Americans Are Making Progress. Reconstruction has not always gone as well as hoped - primarily because of the security challenges. Rebuilding a nation devastated by a dictator is a large undertaking - even harder when terrorists attempt to destroy gains. Yet, in the space of two and a half years, the United States has helped Iraqis conduct nearly 3,000 renovation projects at schools, train more than 30,000 teachers, distribute more than 8 million textbooks, rebuild irrigation infrastructure to help more than 400,000 rural Iraqis, and improve drinking water for more than 3 million people. The Coalition has helped Iraqis introduce a new currency, reopen their stock exchange, and extend $21 million in micro-credit and small business loans. As a result of these efforts and Iraq's newfound freedom, more than 30,000 new Iraqi businesses have registered since liberation, and according to a recent survey, more than three-quarters of Iraqi business owners anticipate growth in the economy over the next two years. This economic development and growth will be key to addressing the high unemployment rate across many parts of the country. In addition, Iraqis have negotiated significant debt relief and completed an economic report card with the International Monetary Fund - a signal that Iraqis are serious about reform. "

The oil surplus would do very little in paying for the above. It's not the most important thing and could cause public relations problems that we don't need at the tail end of a war.

Quote:
Originally Posted by ntalwar View Post

I'm sure he can cut a few billion a month from Iraq.[/I]
ABC News: Studies: Iraq Costs US $12B Per Month

If 12 billion per month is spent you would be cutting into quite a lot of services if a "few" is 5 billion. How much?

Quote:
Originally Posted by ntalwar View Post
But the US does not necessarily have to fund it, even using your assumptions. What about the $70+ billion Iraq oil surplus? A lot of the monthly US outlay for Iraq is probably going into Swiss bank accounts anyway. Billions in funds are unaccounted for. Halliburton no-bid contracts don't exactly provide great value for the money either.
Sources please? What should be done then to prevent this? I'm all for value for money.
Quote:
Originally Posted by ntalwar View Post
You didn't address the point. If Obama can do with $5 billion what it takes Bush $10 billion a month, that's $60 billion in savings a year right there.
How is Obama going to do it? Does he have a platform for it or is he going to withdraw ASAP? He must have some website with his plans somewhere that talks about Iraq plans. Having a timeline is not really detailed enough.

Quote:
Originally Posted by BonoVoxSupastar View Post
Yes I read it. And I agree, and I'm not sure why Republican don't understand this, you're right you can't cut taxes and then spend all you want... but that's exactly what we've been doing.
I've put in other posts that you may have not read that conservatives are only a part of the Republican party. I know that Bush and republicans in congress increased entitlements enormously and conservatives within the party (even "in the tank" people like Rush) cried foul. Remember Bush wanted to appear as a "compassionate conservative". This of course means more entitlements. He should have raised taxes for them or not do them at all. We agree there

Quote:
Originally Posted by BonoVoxSupastar View Post
Reliable sources are those that don't include jabs such as "like good liberals do", aren't dripping with partisan rhetoric and advertising.

And reliable sources especially don't include the racist bullshit you tried to push on us last week in the immigration thread...
Sometimes you have to look at think tanks to find info because bias isn't always a total lie. Getting closer to the truth may involve comparing two different biases. Maybe you should list some sources that you think regularly have less bias. Note: If you list liberal sources I'm going to call you on it like you do me. Okay?

BTW the immigration stuff I was talking about was hardly racist. Show me the lines in the article where it is racist.

Is that better BVS? I guess not posting enough sources to back up claims and opinions is an epidemic here.
__________________

__________________
purpleoscar is offline   Reply With Quote
Old 10-17-2008, 09:11 PM   #123
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 12:06 PM
I don't want any Iraq war debates in my economics threads. My views on Iraq are completely clear, and, along with Irvine, Anitram, Martha, and others on here, were completely correct and have been completely vindicated. Some former Iraq war supporters, to their credit, have now realised and admitted to their error. Others still plough the same furrow.

Take it to fuck elsewhere, please.
__________________
financeguy is offline   Reply With Quote
Old 10-17-2008, 09:28 PM   #124
Rock n' Roll Doggie
ALL ACCESS
 
purpleoscar's Avatar
 
Join Date: Jul 2004
Location: In right wing paranoia
Posts: 7,597
Local Time: 04:06 AM
Quote:
Originally Posted by financeguy View Post
I don't want any Iraq war debates in my economics threads. My views on Iraq are completely clear, and, along with Irvine, Anitram, Martha, and others on here, were completely correct and have been completely vindicated. Some former Iraq war supporters, to their credit, have now realised and admitted to their error. Others still plough the same furrow.

Take it to fuck elsewhere, please.
The Iraq war is part of the discussion of the budget balancing that the government has to do.

I think you are targeting opinions you don't agree with, hence your "vindication" about Iraq comment. We are not debating the war, but the cost of the war. If the government is dipping into debt posters are debating whether we should cut funding there or other entitlement programs to balance the budget. Economics also involves funding for programs including the war.

Give us some leeway and some mercy
__________________
purpleoscar is offline   Reply With Quote
Old 10-17-2008, 09:34 PM   #125
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 12:06 PM
Quote:
Originally Posted by purpleoscar View Post
The Iraq war is part of the discussion of the budget balancing that the government has to do.

I think you are targeting opinions you don't agree with, hence your "vindication" about Iraq comment. We are not debating the war, but the cost of the war. If the government is dipping into debt posters are debating whether we should cut funding there or other entitlement programs to balance the budget. Economics also involves funding for programs including the war.

Give us some leeway and some mercy
Well, ok, the cost of funding the war is a part of the government expenditure. But the thread was supposed to be about the stock market. But, whatever, post what you like. It's just we've seen the Iraq war debated so often here, without ever reaching resolution (*).


(* Strongbow, NO! Resist the temptation!)
__________________
financeguy is offline   Reply With Quote
Old 10-17-2008, 09:47 PM   #126
Rock n' Roll Doggie
Band-aid
 
ntalwar's Avatar
 
Join Date: Feb 2004
Posts: 4,900
Local Time: 06:06 AM
Quote:
Originally Posted by purpleoscar View Post
Sources please? What should be done then to prevent this? I'm all for value for money.

How is Obama going to do it? Does he have a platform for it or is he going to withdraw ASAP? He must have some website with his plans somewhere that talks about Iraq plans. Having a timeline is not really detailed enough.
Do you know what a no-bid contract is? It means Halliburton and other favored firms gets to charge basically whatever they want for their contracts (worth tens of billions or more), and there is no contract competition. Did you know Halliburton moved their HQ to Dubai to escape scrutiny here? You might see it differently if it were your tax money.
__________________
ntalwar is offline   Reply With Quote
Old 10-17-2008, 10:25 PM   #127
Rock n' Roll Doggie
ALL ACCESS
 
purpleoscar's Avatar
 
Join Date: Jul 2004
Location: In right wing paranoia
Posts: 7,597
Local Time: 04:06 AM
Quote:
Originally Posted by ntalwar View Post
Do you know what a no-bid contract is? It means Halliburton and other favored firms gets to charge basically whatever they want for their contracts (worth tens of billions or more), and there is no contract competition. Did you know Halliburton moved their HQ to Dubai to escape scrutiny here? You might see it differently if it were your tax money.
I would like to know more. Are there any good articles that talk in depth about it?

Wikipedia is not doing it for me on this subject. With "neutrality of this section is disputed" and "This section may require clean up" I'm not getting much help.
__________________
purpleoscar is offline   Reply With Quote
Old 10-17-2008, 10:28 PM   #128
Rock n' Roll Doggie
ALL ACCESS
 
purpleoscar's Avatar
 
Join Date: Jul 2004
Location: In right wing paranoia
Posts: 7,597
Local Time: 04:06 AM
Quote:
Originally Posted by financeguy View Post
Well, ok, the cost of funding the war is a part of the government expenditure. But the thread was supposed to be about the stock market. But, whatever, post what you like. It's just we've seen the Iraq war debated so often here, without ever reaching resolution (*).


(* Strongbow, NO! Resist the temptation!)
Thanks for the understanding.
__________________
purpleoscar is offline   Reply With Quote
Old 10-24-2008, 08:43 AM   #129
Rock n' Roll Doggie
FOB
 
Utoo's Avatar
 
Join Date: Jan 2005
Location: Lovetown
Posts: 8,343
Local Time: 07:06 AM
As we brace ourselves for what is looking to be a terrible day for the market, let's take comfort in this:

The more the economy is tops in the news, the more we get to see Erin Burnett of CNBC.



__________________
Utoo is offline   Reply With Quote
Old 10-24-2008, 08:56 AM   #130
Blue Crack Addict
 
Varitek's Avatar
 
Join Date: Oct 2005
Location: on borderland we run
Posts: 16,861
Local Time: 06:06 AM
Every time we get set for a really bad open of the US stock market (what is this, the 5th or 6th day in a month where we might see a 500+ point drop?) I think of the Gawker headline from early in the crisis, "Good Morning, Your Money Is On Fire."

The TED had been going way down (improving) for the last two days, and it seemed like everything was looking better....or not.
__________________
Varitek is offline   Reply With Quote
Old 10-24-2008, 10:04 AM   #131
Rock n' Roll Doggie
FOB
 
Utoo's Avatar
 
Join Date: Jan 2005
Location: Lovetown
Posts: 8,343
Local Time: 07:06 AM
Asia and Russia set everything off today, but from what I've heard so far, no one knows why they tanked today.
__________________
Utoo is offline   Reply With Quote
Old 10-24-2008, 11:07 AM   #132
Rock n' Roll Doggie
Band-aid
 
ntalwar's Avatar
 
Join Date: Feb 2004
Posts: 4,900
Local Time: 06:06 AM
For Asia, slumping sales of cars and electronics are hurting. Russia is suffering from lower oil and natural gas prices. A lot of countries in Eastern Europe (Hungary, Ukraine, Belarus, Latvia) are near bankruptcy, and the UK economy contracted slightly. Things are looking bleak almost everywhere.
__________________
ntalwar is offline   Reply With Quote
Old 10-24-2008, 08:03 PM   #133
Refugee
 
AliEnvy's Avatar
 
Join Date: Jan 2001
Location: Toronto, Canada
Posts: 2,320
Local Time: 11:06 AM
Financeguy, ntalwar, what do you think the likelihood is that the US will see hyperinflation in the not too distant future?
__________________
AliEnvy is offline   Reply With Quote
Old 10-24-2008, 08:07 PM   #134
ONE
love, blood, life
 
financeguy's Avatar
 
Join Date: Dec 2004
Location: Ireland
Posts: 10,122
Local Time: 12:06 PM
Everything I've seen recently is indicating the opposite - deflation.

"Stagdeflation" as I think Roubini was calling it the other day.

http://calculatedrisk.blogspot.com/2...i-on-cnbc.html
__________________
financeguy is offline   Reply With Quote
Old 10-25-2008, 03:50 AM   #135
Refugee
 
dazzlingamy's Avatar
 
Join Date: Apr 2005
Location: The city of blinding lights and amazing coffee - Melbourne.
Posts: 2,468
Local Time: 10:06 PM
i have no idea what is going on with the financial market, because everything i hear just seems to be counterbalanced when i look at the currency market. 61 cents today. Its terribly depressing.
__________________

__________________
dazzlingamy is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off



All times are GMT -5. The time now is 06:06 AM.


Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.
Design, images and all things inclusive copyright © Interference.com