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  4. US beats UK and Germany by a mile!!!

US beats UK and Germany by a mile!!!

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  • O Oakman

    John Carson wrote:

    It is not as bad as your think. 6.1% is the annualized rate

    Arrrg. I thought since they were comparing it to the last quarter of the year. . .never mind. It was a dumb mistake. I should've known better. :-O Interesting that Germany annualizes its 2.5% quarterly drop to an annualized rate of 6.5%, eh?

    John Carson wrote:

    because the Federal government is throwing money at the problem in a series of fiscal stimulus packages --- as all countries should be.

    Of course they should! - otherwise the countries that are printing money will discover that their bond rates are being driven steadily north and its citizens will find out that they can't buy as much as they used to. But if all countries will do it, maybe no-one will notice the difference - except when they have to exchange wheelbarrows for wallets ;) By the way, our bond rates topped 3% today - how are yours doing?

    Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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    Brady Kelly
    wrote on last edited by
    #12

    Just an aside, what is meant by the term 'bond rates'?

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    • B Brady Kelly

      I feel quite OK living in such a dangerous country as I do. :)

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      Oakman
      wrote on last edited by
      #13

      Brady Kelly wrote:

      feel quite OK living in such a dangerous country as I do

      I could feel quite OK with you living in such a dangerous country, too. Would you mind if I took out an insurance policy on you?

      Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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      • K kmg365

        catzarecute wrote:

        how F***ED are we ????????????

        • Mad Max roams the highway • Dogs sleeping with cats • End world as we know it • Plague and famine • The dead are reanimated hungry for the flesh of the living • Skynet takes over the world • The Matrix becomes reality • Susan Boyle becomes Miss Universe Oh, you were talking to Oakman.

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        Mike Gaskey
        wrote on last edited by
        #14

        there's been far fewer sightings of unicorns this year.

        Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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        • O Oakman

          Brady Kelly wrote:

          feel quite OK living in such a dangerous country as I do

          I could feel quite OK with you living in such a dangerous country, too. Would you mind if I took out an insurance policy on you?

          Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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          Brady Kelly
          wrote on last edited by
          #15

          Not in the least. In fact, just send me your account details for a debit order and $200 to cover admin and broker fees, and I'll set you up with one.

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          • J John Carson

            Oakman wrote:

            But the US posted a 6.1% drop for the quarter

            It is not as bad as you think. 6.1% is the annualized rate, i.e., basically they take the quarterly drop and multiply by 4. Still, an annual fall of around 6% is plenty bad enough. Australia, you will be pleased to know, is doing better than most other developed economies. GDP declined by just 0.5% in the December quarter (this is the actual decline, not an annualized measure). This is partly because our banks are solvent, and partly because the Federal government is throwing money at the problem in a series of fiscal stimulus packages --- as all countries should be.

            John Carson

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            Mike Gaskey
            wrote on last edited by
            #16

            John Carson wrote:

            It is not as bad as you think. 6.1% is the annualized rate

            but was predicted to be 5% to 5.5%

            Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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            • B Brady Kelly

              Just an aside, what is meant by the term 'bond rates'?

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              Oakman
              wrote on last edited by
              #17

              Brady Kelly wrote:

              Just an aside, what is meant by the term 'bond rates'?

              The interest rate that must be offered to entice people to buy them (i.e. loan you money). They're often set at auction ("I am prepared to let someone loan me ten million denari - who among you will charge me the least when I pay it back?") and, when no term is mentioned, ten years is assumed. Obviously the higher the rate, the less the "full faith and assurance" of the government offering the bonds is trusted.

              Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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              • B Brady Kelly

                kmg365 wrote:

                • Susan Boyle becomes Miss Universe

                :~

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                kmg365
                wrote on last edited by
                #18

                After the Phage she will be the most beautiful woman on the planet. (missed one)

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                • M Mike Gaskey

                  there's been far fewer sightings of unicorns this year.

                  Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                  kmg365
                  wrote on last edited by
                  #19

                  it's a good point!

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                  • K kmg365

                    After the Phage she will be the most beautiful woman on the planet. (missed one)

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                    Brady Kelly
                    wrote on last edited by
                    #20

                    Why is the rate of death for ugly people lower?

                    You really gotta try harder to keep up with everyone that's not on the short bus with you. - John Simmons / outlaw programmer.

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                    • O Oakman

                      catzarecute wrote:

                      you are one of the more intelligent, calm, and objective individuals here

                      My kids used to say something like that - do you want to borrow money, or keys to the car?

                      catzarecute wrote:

                      how F***ED are we ????????????

                      Short-term? We're not that bad off. What Obama's doing is likely to jumpstart the economy and I expect the unemployment numbers (the real measure of economic woe, imho) to start dropping, just in time for the 2010 elections. Long-term? We're fucked six ways from Sunday. Our money is worth less and less - by the time Obama gets through, I will be extremely surprised if a dollar can buy what 50 cents could in 2000. Our public debt to GDP ratio is moving steadily north and I expect the curve to steepen. We can no longer afford the military we need to defend ourselves in the case of attack and China is using the money we have shipped over there to build a modern army and navy second to none. They also own enough of our bonds to feel betrayed and extremely angry as we continue to inflate our currency supply to the point where their holdings become worthless. Wars have started over less provocation. Luckily, Australia and India are our allies and will write very strong letters to the Chinese Premiere if they invade our west coast. Domestically, the result of Obama's programs after putting some Americans back to work, will be to make the US even more inviting to Mexicans, while making our borders even more porous, and ultimately that will create more pressure for the creation of the nation of Aztlan. All we need is one major disaster (maybe the Swine flu, but there's no reason yet to yell 'the sky is falling') like the San Andreas Fault letting go, or a major hurricane slamming into Manhattan (both will happen, the only question is "when?") not only to be fucked, but dumped out of the car and told to walk home afterwards.

                      Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                      catzarecute
                      wrote on last edited by
                      #21

                      Ah, yes-- well it is indeed the Long Term I fear; the Short Term matters not and is important only for sufferers of ADD, MTV viewers, and politicians. So then husband & I shall just stock up on weapons, I guess. Cannot stock up on cash if it becomes worthless !!!!! :(( What currency should we purchase ? The Euro ? The Darsek ??? (http://memory-alpha.org/en/wiki/Darsek[^]

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                      • M Mike Gaskey

                        John Carson wrote:

                        It is not as bad as you think. 6.1% is the annualized rate

                        but was predicted to be 5% to 5.5%

                        Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                        John Carson
                        wrote on last edited by
                        #22

                        Mike Gaskey wrote:

                        but was predicted to be 5% to 5.5%

                        You seem to have a rather inflated view of the accuracy of economic forecasting. I'm not sure about the US, but in Australia even the data itself could be out by that much; data gets revised after it first comes out and the revisions can be significant. See here for an example: http://www.dtf.wa.gov.au/cms/uploadedFiles/sfdjune2008.pdf[^]

                        John Carson

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                        • M Mike Gaskey

                          John Carson wrote:

                          It is not as bad as you think. 6.1% is the annualized rate

                          but was predicted to be 5% to 5.5%

                          Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                          kmg365
                          wrote on last edited by
                          #23

                          Didn't Turbo Gietner say just a few days ago the economy wasn't going to crap as fast as it was (I'm paraphrasing), of course he did not give any quantitative analysis.

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                          • M Mike Gaskey

                            there's been far fewer sightings of unicorns this year.

                            Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                            Oakman
                            wrote on last edited by
                            #24

                            Mike Gaskey wrote:

                            there's been far fewer sightings of unicorns this year.

                            That's because there are fewer and fewer virgins to ride 'em.

                            Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                            • C catzarecute

                              Ah, yes-- well it is indeed the Long Term I fear; the Short Term matters not and is important only for sufferers of ADD, MTV viewers, and politicians. So then husband & I shall just stock up on weapons, I guess. Cannot stock up on cash if it becomes worthless !!!!! :(( What currency should we purchase ? The Euro ? The Darsek ??? (http://memory-alpha.org/en/wiki/Darsek[^]

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                              Oakman
                              wrote on last edited by
                              #25

                              catzarecute wrote:

                              What currency should we purchase ?

                              Buy gold coins. Buy a money belt designed to hold them. When the inflation rate goes over 15% - wear the belt at all times.

                              Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                              • O Oakman

                                Mike Gaskey wrote:

                                there's been far fewer sightings of unicorns this year.

                                That's because there are fewer and fewer virgins to ride 'em.

                                Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                                Mike Gaskey
                                wrote on last edited by
                                #26

                                Oakman wrote:

                                That's because there are fewer and fewer virgins to ride 'em.

                                I've been far more successful than even I had thought!

                                Mike - typical white guy. The USA does have universal healthcare, but you have to pay for it. D'oh. Thomas Mann - "Tolerance becomes a crime when applied to evil." The NYT - my leftist brochure. Calling an illegal alien an “undocumented immigrant” is like calling a drug dealer an “unlicensed pharmacist”. God doesn't believe in atheists, therefore they don't exist.

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                                • O Oakman

                                  catzarecute wrote:

                                  What currency should we purchase ?

                                  Buy gold coins. Buy a money belt designed to hold them. When the inflation rate goes over 15% - wear the belt at all times.

                                  Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                                  MidwestLimey
                                  wrote on last edited by
                                  #27

                                  I see a subtle, yet fundemental problem with the Gold Belt. If said belt was loaded with sufficient coinage to afford one's requirements, one would become ungodly slow due to the extreme hip-mounted weight. Thus although one could afford to buy the necessities, the inevitable impoverished mobs would rush the sitting gold belted duck. And when you're carrying that much gold, there's only so much ammo you can muster.

                                  10110011001111101010101000001000001101001010001010100000100000101000001000111100010110001011001011

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                                  • M MidwestLimey

                                    I see a subtle, yet fundemental problem with the Gold Belt. If said belt was loaded with sufficient coinage to afford one's requirements, one would become ungodly slow due to the extreme hip-mounted weight. Thus although one could afford to buy the necessities, the inevitable impoverished mobs would rush the sitting gold belted duck. And when you're carrying that much gold, there's only so much ammo you can muster.

                                    10110011001111101010101000001000001101001010001010100000100000101000001000111100010110001011001011

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                                    Oakman
                                    wrote on last edited by
                                    #28

                                    MidwestLimey wrote:

                                    And when you're carrying that much gold, there's only so much ammo you can muster.

                                    Today 6.6 lbs gold = roughly 33,000 loaves of bread. I have no idea what kind of exchange rate there might be afterwards. But you're right, anyone who can't handle a belt weighing, say ten lbs, shouldn't listen to me. Won't matter anyway, they won't survive. ;)

                                    Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                                    • O Oakman

                                      Unfortunately, I'm talking about the decline in the first quarter's GDP. England posted its biggest drop in 30 years: 1.9%. Prediction of the end of the Empire abound. Germany was forced to up its predictions of total GDP shrinking for the year from 2.5% to 6.5% based on its 1st quarter results. Predictions for the fall of Merkle's government abound. But the US posted a 6.1% drop for the quarter Far worse than even the most pessimistic of economic quacks analysts had expected. This rate is almost as bad as the last quarter of the previous year and is the third quarter in a row of GDP shrinkage. Presumably the response to this dismal news -- and it is dismal -- from the White House will be to talk about its plans to spend more money on welfare, print more money to prop up dinosaurs; save money by spending less defending our southern border from invasion, or how the brand new Health & Human Services Secretary is already gaining the upper hand in their noble and courageous battle against the swine flu - by spending a billion and a half dollars.

                                      Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                                      Christian Graus
                                      wrote on last edited by
                                      #29

                                      Oakman wrote:

                                      Prediction of the end of the Empire abound.

                                      ROTFL - do they think they still have one ? It's been dead for 60 odd years now.

                                      Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )

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                                      • O Oakman

                                        John Carson wrote:

                                        It is not as bad as your think. 6.1% is the annualized rate

                                        Arrrg. I thought since they were comparing it to the last quarter of the year. . .never mind. It was a dumb mistake. I should've known better. :-O Interesting that Germany annualizes its 2.5% quarterly drop to an annualized rate of 6.5%, eh?

                                        John Carson wrote:

                                        because the Federal government is throwing money at the problem in a series of fiscal stimulus packages --- as all countries should be.

                                        Of course they should! - otherwise the countries that are printing money will discover that their bond rates are being driven steadily north and its citizens will find out that they can't buy as much as they used to. But if all countries will do it, maybe no-one will notice the difference - except when they have to exchange wheelbarrows for wallets ;) By the way, our bond rates topped 3% today - how are yours doing?

                                        Jon Smith & Wesson: The original point and click interface Both democrats and republicans are playing for the same team and it's not us. - Chris Austin

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                                        Christian Graus
                                        wrote on last edited by
                                        #30

                                        The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.

                                        Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )

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                                        • C Christian Graus

                                          The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.

                                          Christian Graus Driven to the arms of OSX by Vista. "I am new to programming world. I have been learning c# for about past four weeks. I am quite acquainted with the fundamentals of c#. Now I have to work on a project which converts given flat files to XML using the XML serialization method" - SK64 ( but the forums have stuff like this posted every day )

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                                          Lost User
                                          wrote on last edited by
                                          #31

                                          Christian Graus wrote:

                                          The funny thing is, people are getting stimulus money and buying big TVs. So, the money is all going to China. I deplore it, I think it's all insane.

                                          Yep, seems $900 is the going price of a vote in the next federal election

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