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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (40916)10/9/2008 7:49:10 AM
From: elmatador  Respond to of 218534
 
States That Can't Pay for Themselves. Going to D.C. to ask for money. California is going to Washington, D.C., to ask for $7 billion to cover its budget shortfall. Otherwise it won't be able to pay for its teachers, cops, firemen, and other essential services. Unfortunately, California won't be alone. A number of other states are experiencing a huge dive in tax revenue and could be going cap in hand to Uncle Sam alarmingly soon. How bad could it get? The potential cost for all the 31 states facing both major and minor shortfalls could be as much as $53.4 billion.

finance.yahoo.com

Brazil's Lost decade started this way.



To: TobagoJack who wrote (40916)10/9/2008 9:00:50 AM
From: prosperous  Respond to of 218534
 
Everyone and their cat is expecting stocks to bounce at this point (S&P 940, Dow 9200 etc). Do we get it to make those happy or punch straight through? if it were upto US Fed they would oblige but the Fed Fairy is rendered not effective these days:-)



To: TobagoJack who wrote (40916)10/9/2008 1:09:15 PM
From: Taikun  Read Replies (1) | Respond to of 218534
 
TJ

Gonna be scrap physical coming into market.
shorinternational.com

But it aint 120,000 tonnes!!

Cheers

D