Housing & Economic Collapse - In Progress - #2

jdmartin

Completely off-topic, I suppose, but this thread lasted 400 pages total in "Current Energy News". Any reason to move it over here now?
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After fueling up their cars, Twyman says they bowed their heads and asked God for cheaper gas.There was no immediate answer, but he says other motorists joined in and the service station owner didn't run them off.

emersonbiggins

When "Depletion Economics" became just "Economics" and now "Economics & Finance," the move actually makes a lot of sense. To be frank, much of what would be considered 'economics' is littered all over the board. This limits that obfuscation, in theory.
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"It's called the American Dream because you'd have to be asleep to believe it."

George Carlin

smallpoxgirl · Moderator Joined: Nov 08, 2004 Posts: 5648

We changed some of the forums around. "Peak Oil Economics" just became "Economics & Finance". This thread, being about general economic holocaust, didn't fit in "Peak Oil Economics", but does fit in "Economics & Finance".
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"So while you sit and whistle Dixie with your money and your power.
I can hear the flowers a-growin in the rubble of the towers.
I hear leaders quit their lying
I hear babies quit their crying.
I hear soldiers quit their dying, one and all." - OCMS

Eli

Thats fine, it makes sense.

I hope people find it, I have found it to be one of the better threads.

Lots of good stuff in this thing.

some_guy282 · Intermediate Crude Joined: Jul 18, 2004 Posts: 691

Here is a slideshow of pictures taken outside a IndyMac bank in California.

Lots of depositors wanting to get their money out for some odd reason. Looks like the bank failed for some odd reason. Don't worry though. This is just a fluke occurrence. It couldn't happen again. Not in America!

IndyMac bank run
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In individuals, insanity is rare; but in groups, parties, nations, and epochs it is the rule. – Nietzsche

Time makes more converts than reason. – Thomas Paine

History is a set of lies agreed upon. – Napoleon Bonaparte

culicomorpha

Well it had to end sometime. Smile

Jotapay · Heavy Crude Joined: Jun 21, 2008 Posts: 341

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1333

FDIC halts Indymac's foreclosures.

Irresponsible house speculators rewarded with taxpayer-funded free house.

http://s.wsj.net/public/resources/images/HC-GK157_Bair_2007061018

eXpat · Intermediate Crude Joined: Jun 08, 2006 Posts: 960

Bernanke opens his mouth, indexes tumble 2 % link

Forney2008

Time!!!!

shortonoil · Fission Joined: Dec 02, 2004 Posts: 2684 Location: VA USA

The NYSE fell 136 points to below 10,983, a key resistance point for many technical traders. At one point this morning the NYSE hit 10,917

New highs 10
New lows 515

which must be a record for 10:30 in the morning.

Expect a wide triggering of program trading sell orders later today and tomorrow. The next major resistance point is 7,400.

Oil fell to $136 a few minutes ago and that may give the market a brief reprieve. If pup55 is right and we have another decline in crude inventories this week, that reprieve may be very brief.

To the moderators: could you, in the future, post a message as to where you move a thread to in the old thread link space.

Shannymara · Master Joined: Oct 04, 2004 Posts: 5393 Location: Oklahoma

Specop_007 · Expert Joined: Aug 12, 2004 Posts: 6221

Wednesday or 5 I just may grab a piece of the action on Washington Mutual.

I should have jumped in afterhours yesterday but you guys were selling the fear and I bought it instead of WM. Razz

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"Battle not with monsters, lest ye become a monster, and if you gaze into the
Abyss, the Abyss gazes also into you."

Ammo at a gunfight is like bubblegum in grade school: If you havent brought enough for everyone, you're in trouble

كا&#

roccman

Oil down ...dollar down...odd...or maybe not.

When I shot my dog last week - even after he stopped breathing he twitched a bit.

So it goes.
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"There must be a bogeyman; there always is, and it cannot be something as esoteric as "resource depletion." You can't go to war with that." Emersonbiggins

"... hope is a rotten-thighed whore" Niko Kazantzakis

We are going back to roccland - me

Twilight · Expert Joined: Mar 02, 2007 Posts: 2971 Location: UK

This is a great time to look back on the past 12 months.

Cash and Treasuries may be boring, but better be 5% up than 25% down, no?
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"The American people are watching the numbers climb higher and higher at the pump and they're waiting to see what the Congress will do." - George W Bush