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jasonraymondson
Fission
Joined: Jul 04, 2007
Posts: 2234
Location: The U.S.S.A
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 Posted: Fri Oct 10, 2008 6:49 am Post subject: CNN Government Cheerleader freaking out |
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http://money.cnn.com/
Watch the video news on there right now, not sure who the bald guy is, but every time I have ever seen him before over the last month has been a guy who was always positive and now he is freaking out. |
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Roy
Intermediate Crude
Joined: Jun 18, 2004
Posts: 800
Location: Western North Carolina
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| Posted: Fri Oct 10, 2008 7:06 am Post subject: Re: CNN Government Cheerleader freaking out |
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asd
Last edited by Roy on Sun Oct 12, 2008 7:52 am; edited 1 time in total |
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Heineken
Expert
Joined: Sep 14, 2004
Posts: 6547
Location: Rural Virginia
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| Posted: Fri Oct 10, 2008 7:07 am Post subject: Re: CNN Government Cheerleader freaking out |
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Despite the blaring headlines, the news media clearly does not know how to cope with this. It doesn't fit their brain engrams or policies.
CBS, NBC, and ABC (the only channels I can get on TV) continue to fill large amounts of news airtime with irrelevant reports. The world is blowing up and they're still wasting huge amounts of airtime on fluff stuff like "Person of the Week."
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"Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
---Me and my brother |
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dinopello
Fusion
Joined: May 13, 2005
Posts: 3030
Location: The Urban Village
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| Posted: Fri Oct 10, 2008 7:13 am Post subject: Re: CNN Government Cheerleader freaking out |
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Some hottie on MSNBC just said something that made me and my roomate burst into laughter. Let's see if I can get close to a quote -
"The good news, analysts say is that along with the previous declines, the latest 20% drop over the last few days means that the market is beginning to move toward the bottom".
Really, though - everyone I think pay way too much attention to the stock market. Why not just reset it to zero ? I'd lose a bundle but it's just numbers. |
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Duende
Heavy Crude
Joined: Nov 27, 2004
Posts: 235
Location: The District
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| Posted: Fri Oct 10, 2008 9:47 am Post subject: Re: CNN Government Cheerleader freaking out |
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| dinopello wrote: | | "The good news, analysts say is that along with the previous declines, the latest 20% drop over the last few days means that the market is beginning to move toward the bottom". |
That's like being stabbed in the neck and saying "it's really starting to gush now, death is imminent. Let's get this over with already!"
Wow. The level of desperation to pretend nothing's wrong is incredible. DENIAL. And as for Ali Velshi: he's the biggest cheerleader CNN has to offer. So optimistic in the face of doom it is kinda sad.
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What fortune has made yours is not your own. -Seneca |
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Arsenal
Heavy Crude
Joined: Mar 18, 2008
Posts: 393
Location: Upstate New York
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| Posted: Fri Oct 10, 2008 9:48 am Post subject: Re: CNN Government Cheerleader freaking out |
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The only thing and they keep saying on Fox News is that the bright spot is lower gas prices. Over and over again. It sounds like they are trying to get the sheeple's mind off the market.
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Arsenal
The tragedy of modern war is that the young men die fighting each other - instead of their real enemies back home in the capitals. - Edward Abbey
A man is no less a slave because he is allowed to choose a new master once in a term of years. |
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Madpaddy
Expert
Joined: Jun 25, 2004
Posts: 2128
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| Posted: Fri Oct 10, 2008 9:57 am Post subject: Re: CNN Government Cheerleader freaking out |
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Most people are in denial. I work with some large building contractors. Their line is - "it's not too bad we have work until Christmas."
Normally, their books would be filled till July 2009 by now but maybe Santa will drop a large contract for a new port and beach facilities at the North Pole in their laps just in time for Christmas day.
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Madpaddy
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Joined: Jun 25, 2004
Posts: 2128
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| Posted: Fri Oct 10, 2008 9:58 am Post subject: Re: CNN Government Cheerleader freaking out |
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| Arsenal wrote: | | The only thing and they keep saying on Fox News is that the bright spot is lower gas prices. Over and over again. It sounds like they are trying to get the sheeple's mind off the market. |
A war would also do nicely about now. I would hate to be in Iran.
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eastbay
Moderator
Joined: Dec 18, 2004
Posts: 4886
Location: One Mile From the Columbia River
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| Posted: Fri Oct 10, 2008 10:06 am Post subject: Re: CNN Government Cheerleader freaking out |
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| Madpaddy wrote: | | Most people are in denial. I work with some large building contractors. Their line is - "it's not too bad we have work until Christmas." Normally, their books would be filled till July 2009 by now but maybe Santa will drop a large contract for a new port and beach facilities at the North Pole in their laps just in time for Christmas day. |
Close relatives of mine run a larger masonry company in the Northwest. After January they have nothing. Nothing. Family of mine... at risk of losing their homes. My wife and I will be delivering food boxes to them. Maybe paying some of their bills. But not forever.
I mentioned this elsewhere but, the local car dealers are laying off all but essential staff. One part-time lot boy instead of three. Half the sales staff. No sales in two weeks. If nothing sells he loses his house. This will be harsh on many. 
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Everything is Impermanent. Shakyamuni Buddha |
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Heineken
Expert
Joined: Sep 14, 2004
Posts: 6547
Location: Rural Virginia
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| Posted: Fri Oct 10, 2008 11:14 am Post subject: Re: CNN Government Cheerleader freaking out |
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My companion is at risk of losing his job, which was previously considered quite secure. He works in education for the state, which just announced big cutbacks in funding. People are already being laid off in other departments than his.
A huge wave of unemployment will lead to a huge new wave in house foreclosures. Nobody's talking about that.
_________________
"Actually, humans died out long ago."
---Abused, abandoned hunting dog
"Things have entered a stage where the only change that is possible is for things to get worse."
---Me and my brother |
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emeraldg40
Heavy Crude
Joined: May 24, 2008
Posts: 196
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| Posted: Fri Oct 10, 2008 2:50 pm Post subject: Re: CNN Government Cheerleader freaking out |
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| Heineken wrote: | My companion is at risk of losing his job, which was previously considered quite secure. He works in education for the state, which just announced big cutbacks in funding. People are already being laid off in other departments than his.
A huge wave of unemployment will lead to a huge new wave in house foreclosures. Nobody's talking about that. |
Wow. I've got 3 words for them. Get into healthcare. Anywhere, janitor etc. Man. This is bad. |
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Starvid
Fission
Joined: Feb 20, 2005
Posts: 2880
Location: Uppsala, Sweden
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| Posted: Fri Oct 10, 2008 3:46 pm Post subject: Re: CNN Government Cheerleader freaking out |
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| emeraldg40 wrote: | | Heineken wrote: | My companion is at risk of losing his job, which was previously considered quite secure. He works in education for the state, which just announced big cutbacks in funding. People are already being laid off in other departments than his.
A huge wave of unemployment will lead to a huge new wave in house foreclosures. Nobody's talking about that. |
Wow. I've got 3 words for them. Get into healthcare. Anywhere, janitor etc. Man. This is bad. |
Healthcare?
Come on.
Get into the oil industry! Backlogs stretching years and years and years ahead! 
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Peak oil is not an energy crisis. It is a liquid fuel crisis. |
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Denny
Light Sweet Crude
Joined: Jul 10, 2004
Posts: 1696
Location: Canada
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| Posted: Fri Oct 10, 2008 4:59 pm Post subject: Re: CNN Government Cheerleader freaking out |
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| jasonraymondson wrote: | | CNN Watch the video news on there right now, not sure who the bald guy is, but every time I have ever seen him before over the last month has been a guy who was always positive and now he is freaking out. |
I am guessing Ali has a serious chunk of his own money in the market. Maybe he has reached his personal breaking point. |
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TreebeardsUncle
Intermediate Crude
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Joined: Jun 15, 2006
Posts: 600
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| Posted: Fri Oct 10, 2008 7:02 pm Post subject: Re: CNN Government Cheerleader freaking out |
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Well, that dip to 7800 this morning could have been the bottom.
The federal government is going to back up some of the banks and guarantee interbank loans, right? That should help shore things up.
g |
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Zardoz
Expert
Joined: Dec 02, 2005
Posts: 6684
Location: Oil-addicted Southern Californucopia
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| Posted: Fri Oct 10, 2008 7:17 pm Post subject: Re: CNN Government Cheerleader freaking out |
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| Arsenal wrote: | | The only thing and they keep saying on Fox News is that the bright spot is lower gas prices. Over and over again. It sounds like they are trying to get the sheeple's mind off the market. |
Of course. They're the media arm of the Republican party. The financial /economic/market catastrophe is the worst possible thing that could happen, at the worst possible time, to any party that is in power. Fox News wouldn't mention it all if they could get away with it.
The timing is impossibly bad for the GOP, and incredibly good for the Democrats. McCain has no chance now. All further campaigning is a waste of time and money.
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"Thank you for attending the oil age. We're going to scrape what we can out of these tar pits in Alberta and then shut down the machines and turn out the lights. Goodnight." - seldom_seen |
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