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Thread: update on 'state of the economy' wager ...

  1. #1
    Banned Melonie's Avatar
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    Default update on 'state of the economy' wager ...

    even though the Member Boards area is now closed, as far as I am concerned the 'state of the economy' wager is still open !

    remember ???


    At any rate, we are now about 3 months into the wager, with official data for the 4th quarter of 2008 now becoming available. Comparing the end of November to the end of February ...

    shadowstats consumer inflation is down (which is a + for Obama)
    shadowstats money supply growth is up (which is a - for Obama)
    shadowstats unemployment rate is up (which is a - for Obama)
    shadowstats gross domestic product is down (which is a - for Obama)
    shadowstats trade weighted dollar is down (which is a - for Obama)

    30 year 'prime' mortgage rate is 5.05% today versus 5.0%
    average price of gasoline is $1.91 today versus $1.96
    Russell 2000 Index is 389 today versus 443
    Comex Corn Futures is 359 today versus 355
    NYBOT US Dollar Index is 88.20 today versus 85.49
    average 1 year CD interest rate is 2.95% today versus 3.36%
    no official update available for Big Mac prices

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    God/dess britneyireland's Avatar
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    Default Re: update on 'state of the economy' wager ...

    We'll see 650 on the SPX this month
    Rebecca Avalon







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    Banned Melonie's Avatar
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    Default Re: update on 'state of the economy' wager ...

    ^^^ your SPX 650 is a lot kinder than some of the crystal ball gazers these days ...



    ... apparently they don't think much of today's gov't shenanigans to try and bail out CitiGroup et al for the umpteenth time !

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    God/dess Deogol's Avatar
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    Default Re: update on 'state of the economy' wager ...

    What they are doing just won't work. Outside our borders is a vast emptiness our money evaporates into.

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    Veteran Member person's Avatar
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    Default Re: update on 'state of the economy' wager ...

    Quote Originally Posted by britneyireland View Post
    We'll see 650 on the SPX this month
    I'll join that. Any sellers?
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Veteran Member StuartL's Avatar
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    Default Re: update on 'state of the economy' wager ...

    Quote Originally Posted by Deogol View Post
    What they are doing just won't work. Outside our borders is a vast emptiness our money evaporates into.
    I'm not sure that it hangs around much longer inside either!

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    God/dess britneyireland's Avatar
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    Default Re: update on 'state of the economy' wager ...

    A collection of my favorite trading sites:
    www.slopeofhope.com
    http://evilspeculator.com/ interesting daily interpretation of Elliot Wave Theory
    www.retracementlevels.com I bought the $24/mo membership. My account was up 9% in January and 46% in February using this system. Hence, it's worth the $24 to me
    www.eminiaddict.com I scalp 5 pts a day using his morning update
    Rebecca Avalon







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