East Coast Economic Update for August 28, 2009

[jeffedinboro09]

Ya know its this kind of thinking that is keeping us from higher growth. People like this will sell everything when things look bad because they think the world will end. I love people like him, because when he's selling, I am buying. The US economy may be slow now, but eventually things will get better. The secret to investing is to sell when things look great and buy when the house is on fire.

[jobedied]

Hey it is now November 2009 and housing starts are jumping in New Jersey Toll Brothers is looking for farm land for more McMansions. Wall Street is close to breaking records heading toward 11,000 DOW. We are rolling in upward trend movement. If it falters lower the prime to below 0 as a way to give more stimulus money to Big Banks. Remeber we are a credit economy we are no longer based on real capital we are based on credit the more of us in debt the more we grow. This is what we are, sorry.

[timothykcct]

Its gonna be tough but I say screw alot of these people...if they are hungry come this time then they deserve to starve in the damn streets..Im not abdicating violence but I will damn sure not feed the idiots that voted the wrong ways and showed complete disreguard for others for the mere purpose of vanity and pride!! LET THEM STARVE and if they come to my door..dont even think about coming in for I did prepare fully..

[rickkluga]

I agree with you.....I think the S&%$t is going to hit the fan real soon!

I wouldn't believe anything that wall street puts out. They lie like HELL!

[mrrebel311]

I am hoping that America will wake up but more and more each day things get worse and look the other way. The time will come hopefully october hes right and people stand up. We are the majority, It is time for change, but for the better not for the worse.

[curiousEGM]

"It's not going to be long." We will probably hear people scream halfway across the globe. Unemployment alone will account for most of the hardship on the streets, people do not have room or patience for those who are jobless, as they are threatened with losses themselves. Gov't has limits, this point is ignored and benefits will dwindle.

[curiousEGM]

This video is good. Kittenkattan is close to the events that will eventually unfold and is discrete in passing the information to viewers. We won't get sick from H1N1, we will get sick listening to so many MSM lies, they're endless.

[behearsoon]

In case you did not catch this, you may want to google this headline:

"On Facebook, MySpace? Obama's got your e-mail "

It appears they are looking to contract an outside source to datamine our postings.

This is not expected by many of this.

[chena3]

Reported Chinese actions to unilaterally cancel OTC derivative loss debts held by state corporations whereby they purchased hedge contracts written by major American OTC derivative manufacturers and distributors is legally a unilateral novation. A novation declares an item to be invalid. Invalid means not valid. A contract which is not valid infers a form of a fraudulent contract. The banks that sold the Chinese these piles of junk were GS, Wells Fargo, Citi, JPMorgan

bad badgers

no parsnips

[DavidAKZ]

Does anyone have a link to foreclosure stats thanks?

[TruthCeeker333]

Interesting.

[rainmanp7]

Waht about this NEW Cash 4 Clunkers for Home Appliances now ?

Now that what filled that housing buble is actually lossing value. What is to be expected for all the materials+workers that supplied that Housing Buble ? That surpluss is going to be supper cheap. Great Video hehe. Your a very smart man.

[curiousEGM]

I listen to videos and read articles about the economy and it all sounds like it is about to happen but with a twist of things, reality always reads like an entertaining novel in America, this very day. Even visionary members on YT get sucked up by the contemptuous atmosphere we live in. Disdain has taken over the minds of the many who lead society, maybe into ruins I'm afraid.

[goedeck1]

KK mentioned getting information from sources overseas. I strongly urge everyone to get a shortwave radio. If the grid goes down or there is no telecom available shortwave will still be on the air. I can get Radio Australia here on the Pacific coast in the morning on 9580, 9590 and 5995 kHz with world news on the top of the hour.

[medievalman86]

Imagine what would happen, if masses of people at town halls in states with open carry laws, began showing up peaceably at town halls, with their arms????

Imagine what would happen if 100s should up armed in open carry states? or if they as a habit began walking around armed.... *please note, if you are not in an open carry state, do not take my advice... if you are, take my advice only so far as the laws of your state allow* :P

[PersianPaladin]

We are in this together.

If you must resist, then do so in a non-violent way. March in the streets and stop the traffic, and don't react violently against police. If enough mass-disruption takes place then it can foment a way for revolution.

A revolution is near.

[behearsoon]

G20 summit is 9/24/25.

The convenent of peace, which will be quickly broken. Isreal is going to be ambushed on this. The month of Sept is going to be incredible.

Do what you need to do to prepare yourself.

[behearsoon]

Yes of course they are predicting a "flatening" in the downturn, and that the job losses are the last to respond, so we should all somehow be gleeful.

This all such a sham, by the current administration.

Sept will be the most horrific month:

People will be blown away by what is about to happen.

You are correct...once it is below about .76 cents, it will tank straight down.

HOOK UP WITH A FEW PEOPLE IN YOUR COMMUNITY AND GET A FOOD/SUPPLIES/WATER PROGRAM IN PLACE NOW.

[Lynchian74]

Which potential contagion do you think will set it off? FDIC?

[behearsoon]

It could be any one of a number of things.

My general thought is there will be 2 or 3 things which may occur almost concurrently. I am pretty sure Obama will ambush Isreale at the G20 summit 9/24 &25. I beleive this will be the convent, spoken about in the Bible. I also beleive that this whole H1N1, is a false flag for something else.Everybody should keep their eyes on old VeriChip.they are so in bed with the implant and our gov, people would vomit if they realized what they are about to to.

[chena3]

Badger alert 101........

SAN FRANCISCO (MarketWatch) -- Investors want back about $5.5 billion in funds from Cerberus Capital Management's core hedge funds, The Wall Street Journal reported Friday on its Web site, citing unidentified sources close to the matter. The amount makes up about 71% of fund assets, according to the Journal.

bad badgers

no parsnips

[catdog262]

Most people think I am crazy when I talk to them about the economy . You can protest all you want just remember what happened at Kent State University.The powers that be will open fire on the protesters with live rounds.Mark my words people this wont end peaceful.

[mlong5151]

just found out today bank of america is taking over genima loans serviced by tbw.i guess thats gone out. the games continue

[Michigansnowpony]

I found the article -- not in video form, but written. It's on Reuter's. Supposedly, this severe form involves 15% of cases.

Hmmm. . . .

[Michigansnowpony]

Thanks -- I'm going to check that out right now. As I work in in a hospital, I try to stay on top of the Swine Flu "thing".

[joel1923]

I would like America to have a national health care program. These protests lack common sense. The goji berries and AR-15 crowd has hijacked a much needed healthcare debate and replaced it with ani-government anger. Where was their anger when GW Bush was bankrupting us with foreign invasions and occupations?

[Mahalalel3]

Yeah joel1923 and I would like that big fat guy to come down the chimney and give me a bunch of stuff that I didn't have to pay for but that's not how the world works. Forget about the left right paradigm. The people of America would have a health care they could afford if we had sound money, not monopoly money and endless war that the international bankers thrive on by funding both sides. Money is Power. They have the money to pull the strings on the marionettes End the Fed & throw the bums out

[joel1923]

Mah-Western Europe has socialized healthcare and it works. I have it in Asia-it works very well. People here live longer and healthier lives than Americans. The wars and occupations have doubled our national debt. It's too late now to save the situation.

[Mahalalel3]

joel so then we should eat drink and be merry for tomorrow we die? Looking at Canada's health care as a model, you can truly see the horror story of socialized health care. Pure water, non GMO & pesticide laden food, non growth hormone meat, additives to food, depleted soil along with air that isn't polluted by Chem Trails would do much to make the population healthier. That is truely not the goal for the population is being culled---Eugenics Is and that's a fact not an opinion. Ck it out.

[joel1923]

Mal-I really don't quite know how to respond to this statement. I suppose u should just continue making your tin foil hats to defeat those government brainwaves...

[Mahalalel3]

joel-Forget about the tinfoil hat. I'm not asking you to believe me. Check it out for yourself. It's a journey. Knowledge is power and if you put your head in the sand, there is nothing I can say. Ck Monsanto, ck hybrid seeds. Read the book or listen to the CD: The Creature From Jekyll Island by G. Edward Griffin This is a good start on the journey.

[theserf3]

Common sense dictates its hardly the time to reform our health care system.

And plenty of people were pist when George Bush was in office where have you been?

[joel1923]

They re-elected GWBush in 2004-along with a Republican controlled Congress. Where have u been? It's easy to be angry when everything's fallen apart...

[EVCarolina]

100% agree.  Thanks for your insight and taking time to do the research.

Peace.

[joel1923]

I started reading the British papers daily after 9/11. After the whitewash of Abu Ghraib in the American papers in 2004, I just didn't bother to read the American papers anymore.

[1scubaman]

1929 stock market crash 1930-1931 denial and optimism 1932-1933 reality set in and hope was gone. It still amazes me how many people really can not see what is coming, I did not even do to well in school but can remember SOME history and how it repeats itself if forgotten. Well guess what no one remembers so all we will be left with is hope and chains

[Michigansnowpony]

MySpaceSecrets had a video out not too long ago where he compared the stock market fluctuations following the 1929 crash with the fluctuations since last October's crash in a graph. The two were eerily similiar. Some of the highest rallies the Stock Market has ever had followed the '29 crash. But, as you say, people don't know history and/or have forgotten. We're still on the roller coaster and it's still going down.

[1scubaman]

Yep, Can you send methe link to that video

[Michigansnowpony]

Here ya go:

/watch?v=UKY9mWpXvQ&feature=re­lated

If the link doesn't work, it's MySpaceSecrets video from May 12, 09

[1scubaman]

Well you are right about the reality setting in for people coming very soon. I was just with one of my bankers yesterday who was very hopeful about things turning around. I have learned to keep my mouth shut around those people because they will not listen anyway. I agree that reality is coming for everyone including myself.

[maxinatlanta]

Kittenkattan , thanks a lot. Peace.

[hac5x3]

Cash for clunkers - corporate welfare. GM needs money! Good for the wealthy!!!

Health Care Reform - Middle class paying for the burden on the health care system on the uninsured. Good for the wealthy!!!

People losing their homes - devaluation. Cash rules. Good for the wealthy!!!

When are people going to wake up and realize there are KINGS. THE WHORES (a/k/a politicians) and then there is the rest of us.

What are they hearing? I thought you were a smart guy...

[chena3]

senators congressman and women

should be put on trial

for treasonous acts...

for serving their own self interests

before those of their constituents..

yep time for elected public officials

to remember who they serve ....

tick tock ...america... tick tock

[Rolands131]

We must not forget the senators and congressmen that ignored us just because they saw the light. All they saw was themselves not getting re-elected. Vote them out!

[mlong5151]

our senator canceled his town meetings saying they were to uncivilized the folks are furious, yes i emailed him fwiw

[demensha23]

Thanks for the report. News flash UAE seized a shipment of arms/munitions bound for Iran. Obama's new "peace" proposals goal will be to isolate Iran from the Arab world. Russia and China will remain allies. The Russian Federation, like the U.S.A. has a preemptive nuclear strike policy. How many and what kind of shipments made it to Iran unscathed? Wouldn't surprise me to hear reports of Iran possessing a WMD.

[FGsltw2009]

Toda KK!!!!

[Michigansnowpony]

Can you share a link to that?  I haven't been able to find anything on this!

[Raycheetah]

Google: WHO warns of severe form of swine flu

"Doctors are reporting a severe form of swine flu that goes straight to the lungs, causing severe illness in otherwise healthy young people and requiring expensive hospital treatment, the World Health Organization said on Friday." =@[.]@=

[brendandylanmaloney]

2012 will be the biggest tipping point !!!!!!! not that we wont see some wild stuff happening before 2012,we will .

[crasster1]

Violence is sometimes the answer, the Torah is full of violence. I would like to see key people tarred & feathered. It would send a great statement.

However, since I am a Christian, I see things unfolding as Revelation states. There is nothing I can do but avoid, run & keep my family alive. The things happening are inevitable, and I'm not to be part of the world.

[DavidAKZ]

I think you are projecting

[weseyedwalk]

"I think you are projecting" projecting for forecasting by means of deductive reasoning?

[DavidAKZ]

No, no - the psychological type. The comment about Divine Revelation above is more about the persons emotional state and group think than any basis of reality. Quite the opposite from reasoning IMHO

[Arginine88]

I agree violence is not the answer however, we need to show that we will speak louder and louder and we will use force if necessary. Intimidation does not mean you have to get violent, you just have to talk tough (unless they start pushing first). It would take only 20k to take down and rip apart DC! No one has to get hurt, maybe tied up but they'll live. What gets me is this flu vaccine deal, I mean what are they really planning? I bet my left hand that garlic would work 10x better than a shot!

[Michigansnowpony]

I agree. As for flu prevention -- I'll take my vitamin D, my elderberry syrup, and lots of hand washing!!

[vinayakaya]

Only thing I disagree with is violence... sometimes violence is the only answer. You couldn't stop Hitler with protest. People like Hilter don't care what you think. Hitler and his soldiers had to be fought with guns and bombs. When war comes, patriots have to be prepared to kill and or die to protect the constitution.

[6283125]

whats happening sept 15.. ?

[M0LONLABE]

Argentina ...

[stahrman]

Really appreciate your fine work. Thank you for your messages. Peace

[pinkfloydmoon]

I read somewhere that the " Green Shoots " were actually green weeds growing in abandoned mall parking lot asphalt cracks

[aw3212]

I still believe in what you are saying, but I just think the gov can stretch this out a bit longer. How many of us said the dollar would collapse in 30 days, or we have 30 days, etc. It seems like we've been saying that for months (myself included).

On a side note - do you think the webbot predictions were accurate about the 16th-22nd? Not being sarcastic; I just didn't see specific evidence and wondered if you did.

[toshibavoodoo]

AW3212,

I hope you get an answer, I also want to know about the Aug 22nd Webbot predictions. I am surprised about how much the government can sway a populace.

[Michigansnowpony]

I finally printed the last two @#$ webbot reports out and in reading them SLOWLY and several times over, my impression was the "event" that was to take place on or near 8/22 was not to be noticed by the poplace at the (this) time, but would be VERY significant in the months to come.

Was it the Senate seat left vacant by Kennedy's passing? Was it the ruling by the Judge in the Bloomberg case that the Feds had to divulge who got money? Was it the FDIC quarterly statement?

Who knows.

[aw3212]

I do find the report (I bought) interesting, but some of the claims are so far out there - like the space ones - its hard to believe. Also, I could pick any date range right now and say something negative will happen, etc. and fit them into the events that actually occur. In other words, I feel the predictions while date specific are to often to general and the very specific ones I haven't seen happen.

By 10/25(his date) a lot of his predictions will easily be proven/unproven - then what?

[chena3]

all right guys ....warning ....

watch out for leprechauns

those guys that live in hollow trees

over in Ireland ..

there economy is imploding ..

bad parsnips guys

very bad parsnips ..

badgers be damned ..

take care peoples ...

[slobomotion]

Parsnips.

[jocknomore]

The quickening is in the air

[Buckhead1959]

I talked with a friend over the week-end. He and his wife made around 200K. His FICO was 800. Now he's divorced..out of work and 3 months behind on his mortgage. He said his FICO score was 520 now.

[lyndonb]

You mean her mortgage.

[Buckhead1959]

No..he bought a house after the divorce...he's behind on it.

[imitator777]

great update

[Buckhead1959]

Heck...home sales are up...Bernanke say we have green shoots....too bad the green shoots are being sprayed with Roundup.

[slobomotion]

There are tremendous opportunities over here in France, lots of toughness and resilience. Don't give up, but yeah, keep your eyes open and of course be real, be realistic . . .

[fal2grace]

yep, I think the "reset" wave was supposed to be worse than the subprime wave of mortgage defaults. Also, just saw on Bloomberg's selling big chunk of US bonds. Great video!

[fal2grace]

...oops, meant to say Canada's selling US bonds.

[DavidAKZ]

have you got a link thanks ?

[fal2grace]

believe I saw it on bloomberg