The coming financial crisis

[Diomedes]

im a union guy but in this case farg the unions....this is to important

Unions have given up a lot to keep their health care.  Instead of wage increases, they've fought to protect the health care plans.  Why?  Because they know damn well that the health care is way more important than some more dollars.  I don't blame them at all, but times are changing.  We can no longer have only corporate employees, union  and government workers, and the independently rich rolling around as the only people who can afford health care.

[ATV]

Our health care is provided through my hot nurse wife's job

pics?

[Diomedes]

in your dreams hippy

[BigEd76]

Disney bought Marvel for $4 billion.  Mickey Mouse and X-Men....a perfect team

[shorebird]

Stan Lee has sold out??

[ATV]

Pretty soon the Repubelicans are going to have to find some new talking points...

"government efforts to funnel hundreds of billions of dollars into the U.S. economy appear to be helping the U.S. climb out of the worst recession in decades."

Says the Wall Streel Journal

http://crooksandliars.com/jon-perr/wall-street-journal-debunks-gop-on-stimulus

[phillycrew]

So what do you financial gurus recommend as an investment for the emergency fund?  It seems most say bank account or money market mutual fund.  Pretty low return these days but I know that at least you get the liquidity.  Anything better out there?

[Seabiscuit36]

yeah, should have bought in when the banks were at 3bucks. 

[rjs246]

Populist messages in my inbox! Yippee skippee!

Chase is giving out $27 billion in bonuses. Goldman Sachs is expected to declare $23 billion and Citibank -- which lost over $7.5 billion last quarter -- is expected to dish out $24.9 billion.

The numbers are mind boggling. To put that into some context, just six banks are giving out enough in bonuses to nearly cover every state's estimated budget shortfall this year. In BONUSES!

Yikes.

[reese125]

and whats even sadder is the payout will be in the form of stock incentives which will be more lucrative than cash in the long-term

thank the unwillingness of the govt to, still after this debacle, not imposing any reforms and restrictions on the industry. shtein never changes.

[Seabiscuit36]

I just bought a Lambo

[reese125]

GDP is up way above what was expected out of the 4th q-which is a very good sign.... but not a set in stone indicator that we are hitting a turning point. Still, this is a nice start.

http://www.nytimes.com/2010/01/30/business/economy/30econ.html?hp

[Butchers Bill]

Good news, but nothing to get excited about...yet.

Most of the increase came from decreasing inventories and gubmint spending.  The decreasing inventories may be a good sign if factory orders pick up in February because if they don't it just means companies were clearing shtein out of their warehouses.

Oh yeah, and unemployment being under 9.75% would be a good indicator as well.

[Seabiscuit36]

good signs, but definitely not gonna see true improvement till 2011

[rjs246]

Gutless politicians on parade.