the over capacity in the restaurant space is just insane gonna be alot of store closings
was only allowed to spread so far due to the housing ATM days
many times i'd go to panera and think to myself how can a family of 4 afford to eat here?
uno's pizza close to going under i read somewhere earlier today
still like SVU as a play (p/e of 10) here as more J6Ps head back to the grocery stores....near term they dealing with the food/fuel inflation and having to pass it along to the stingy consumer....but looks like commodities starting to tame......
was only allowed to spread so far due to the housing ATM days
many times i'd go to panera and think to myself how can a family of 4 afford to eat here?
uno's pizza close to going under i read somewhere earlier today
still like SVU as a play (p/e of 10) here as more J6Ps head back to the grocery stores....near term they dealing with the food/fuel inflation and having to pass it along to the stingy consumer....but looks like commodities starting to tame......
Bloomberg News reports that Uno Restaurant Holdings -- which operates Pizzeria Uno -- is the latest in a string of restaurants that can't stay afloat as consumers reverse splurge on their recession diets. It follows Bennigan's and Steak & Ale among those national restaurant chains that couldn't feed banks' hunger for loan repayment.
y the strong will survive artie.....recessions just a natural cleansing process...not sure why we fight them so much
y the strong will survive artie.....recessions just a natural cleansing process...not sure why we fight them so much
yeah i eat there when i'm out sometimes cause its convenient and i can afford it
i hate sit down restaurants waste of time if you ask me
but seeing people bring their entire family out to pay 8 bucks each to get soda, a half sandwich, and bowl of soup just blew my mind
all the tizgloom observations of unsustainability over the course of the past 3-4 years finally coming to fruition
i hate sit down restaurants waste of time if you ask me
but seeing people bring their entire family out to pay 8 bucks each to get soda, a half sandwich, and bowl of soup just blew my mind
all the tizgloom observations of unsustainability over the course of the past 3-4 years finally coming to fruition
speaking of pnra somehow back to 52 week highs crazy
bar traffic in my area have been slowing down for over a year now
last year when school was in session so freaking dead compared to years past
got busy right around the time the stimulus check came through this summer but tailing off of late again
might be somewhat flood related but some guy i know that lost his job due to flood at a bar/restaurant says he's applied at like 12 different places nobody is hiring
just doing odd job part time stuff for now and on UE for the time being
bar traffic in my area have been slowing down for over a year now
last year when school was in session so freaking dead compared to years past
got busy right around the time the stimulus check came through this summer but tailing off of late again
might be somewhat flood related but some guy i know that lost his job due to flood at a bar/restaurant says he's applied at like 12 different places nobody is hiring
just doing odd job part time stuff for now and on UE for the time being
probably a lagging indicator :nohead: :tongue2:
inventories starting to pile up based on the report today as businesses under predicting the slow down in consumption
xmas shopping should be super interesting this year....might be the time the markets really wake up
dems already talking about nother round of stimulus we'll see if they can get checks to us by xmas
listen to my link, I would not have posted it if it wasn't good
it's obvious I dd a poor job in explaining it right, although It seems clear to me.
The brokers are in on it. Hell, the SEC is in on it. It is a revolving door between WS and the Gov't. What do you think built those skyscrapers? Wasn't going long AAPL.
.
japan supposedly has a "mini" property bubble and some condo builder went 
up
property decline worldwide just starting
subprime in US was the 1st inning as far as worldwide property goes
--------------------------------
Aug. 14 (Bloomberg) -- Asian stocks fell, led by financial companies, after condominium builder Urban Corp. filed for bankruptcy and Merrill Lynch & Co. said the credit crisis isn't over. Commodity producers gained after oil and metal prices rose.
Tokyu Land Corp. plunged 5.3 percent after Japan's Urban said yesterday it filed for court protection with $2.35 billion in debt. Mitsubishi UFJ Financial Group Inc. dropped 2.3 percent after Merrill's chief strategist Richard Bernstein said investors are underestimating the size of the credit crisis. BHP Billiton Ltd., the world's largest mining company, surged 3.7 percent, pacing the biggest advance among Asian commodity producers since April 23.
``Japan's property market experienced its own mini-bubble,'' said Hideyuki Ookoshi, who helps oversee $365 million at Chiba- Gin Asset Management Co. ``But now the failures have started and there's still more bad news to come.''
upproperty decline worldwide just starting
subprime in US was the 1st inning as far as worldwide property goes
--------------------------------
Aug. 14 (Bloomberg) -- Asian stocks fell, led by financial companies, after condominium builder Urban Corp. filed for bankruptcy and Merrill Lynch & Co. said the credit crisis isn't over. Commodity producers gained after oil and metal prices rose.
Tokyu Land Corp. plunged 5.3 percent after Japan's Urban said yesterday it filed for court protection with $2.35 billion in debt. Mitsubishi UFJ Financial Group Inc. dropped 2.3 percent after Merrill's chief strategist Richard Bernstein said investors are underestimating the size of the credit crisis. BHP Billiton Ltd., the world's largest mining company, surged 3.7 percent, pacing the biggest advance among Asian commodity producers since April 23.
``Japan's property market experienced its own mini-bubble,'' said Hideyuki Ookoshi, who helps oversee $365 million at Chiba- Gin Asset Management Co. ``But now the failures have started and there's still more bad news to come.''
The only place I have any money of any worth other than sportsbooks is at Scottrade and when I looked up HGU they didn't have the Canadian equivalent available (HGU.to). I didn't want to by the generic stock so I skipped.
I put in small orders for SKF and GLD just to have some fun.
Thanks for the forum tip x.
People are saying this "cyclist" guy is the best they've ever seen. I'm going to read through the thread in the next couple weeks to see if that poster is really worthwhile. If so, I'll continue to read the thread.
Freudian slip.Quote:
<TABLE cellSpacing=0 cellPadding=6 width="100%" border=0><TBODY><TR><TD class=alt2 style="BORDER-RIGHT: 1px inset; BORDER-TOP: 1px inset; BORDER-LEFT: 1px inset; BORDER-BOTTOM: 1px inset">Originally Posted by joelatti
Xpanda...HUG is the symbol?? I cannot find it on the TSX
</TD></TR></TBODY></TABLE>
Oops. Typo. It's HGU.
Sorry about that.
<!-- / message -->
hno:dow and SPX back to butting up against the 50 DMA
just doesn't want to give up
y cpi numbers gonna be peaking now joe since gas prices were peaking in july
Nationwide, more than 272,000 homes received at least one foreclosure-related notice in July, up 55 percent from about 175,000 in the same month last year and up 8 percent from June, RealtyTrac Inc. said. That means one in every 464 U.S. households received a foreclosure filing last month.
initial claims still up there too 450k
just doesn't want to give up
y cpi numbers gonna be peaking now joe since gas prices were peaking in july
Nationwide, more than 272,000 homes received at least one foreclosure-related notice in July, up 55 percent from about 175,000 in the same month last year and up 8 percent from June, RealtyTrac Inc. said. That means one in every 464 U.S. households received a foreclosure filing last month.
initial claims still up there too 450k
y deflation coming down the road
as for markets they'll give up soon enough no worries.....
just don't see how they can rally much from here data gonna stay bad other than inflation numbers will tame....but what do i know
markets poked their nose above 50 DMA a few times back in december (still think action similar prior to the plunge) before giving up plus options expiration week might have something to do with the action as well
as for markets they'll give up soon enough no worries.....
just don't see how they can rally much from here data gonna stay bad other than inflation numbers will tame....but what do i know
markets poked their nose above 50 DMA a few times back in december (still think action similar prior to the plunge) before giving up plus options expiration week might have something to do with the action as well
cboe p/c at 0.77 now as well nother spike down
goes way beyond just us housing at this point the contagion spreading overseas as well
plus regardless of whenever you get banks back up and running
the super sheep who took on gobs of debt have ruined their credit for many years by walking away from debt so really doesn't solve the underlying problem
good rant from over at prudent bear
-------------------------------------------------
"Waves of US DWAs or ‘debt walkers' in calculating panic mode are walking away from their debt obligations as well they should since as of now ‘debt walking is not a criminal offense'.
As of yet, still not a criminal offense in the US, people are walking away from their homes autos, and credit card debts incurring only a short term lowered credit history - which will be erased in 7 years. DWAs need only incur a bad credit rating and not face criminal charges, not have to outlay expenses of criminal defense attorneys and no jail time, DWAs are walking away from debts and keeping what little they have left rather than continue their delusion and lose everything and face total financial ruin. DWAs are realizing it is a better option to become a ‘debt walker' than trying to stick it out for the next 5-20 years and wind up paying the creditor and becoming completely destitute and indigent along the way. This is happening in great numbers and we will not see these numbers reported in the newspapers or on CNN.
US is creating a new generation of DWAs DWA homes that were previously bought or refinanced in the past 4 years for $400,000 or more are now on the market for ½ their recent purchase price. Their [mortgage] payments may have gone from $500 for the first 2 years to $4,000 a month now. But they can rent a place for $1,700 cutting their housing payments in half. The only thing that can be done to them [for debt defaulting] is that their credit rating will be bad. As of yet DWAs can't be arrested; it is not yet a crime. This is happening in the hundreds of thousands.
DWA has become endemic in those parts of the US where house-price falls have been particularly steep (California, Las Vegas, Florida, Ohio, etc), and the pattern is appearing in auto and credit card debt. DWAs first move out their furniture, leave the house vacant, post the keys to the address of the last mortgage payment address (commonly called jingle mail). Next they drive the auto to a parking lot, and mail the keys and title to the lien holder and go buy a cheap vehicle, next they stop payment on their credit card accounts. They salvage what dignity they have left and cannot be hauled into jail to serve prison time.
DWA numbers are swelling and the DWA's are realizing they can creating their own defacto bankruptcy rules, no filings, no creditor workout hassles, no attorney fees to handle the bankruptcy court proceeding, just a bad credit report. And best of all no criminal record and no prison time. Much better to just WALK away from the debt.
What does this hold for the future?????????"
:
goes way beyond just us housing at this point the contagion spreading overseas as well
plus regardless of whenever you get banks back up and running
the super sheep who took on gobs of debt have ruined their credit for many years by walking away from debt so really doesn't solve the underlying problem
good rant from over at prudent bear
-------------------------------------------------
"Waves of US DWAs or ‘debt walkers' in calculating panic mode are walking away from their debt obligations as well they should since as of now ‘debt walking is not a criminal offense'.
As of yet, still not a criminal offense in the US, people are walking away from their homes autos, and credit card debts incurring only a short term lowered credit history - which will be erased in 7 years. DWAs need only incur a bad credit rating and not face criminal charges, not have to outlay expenses of criminal defense attorneys and no jail time, DWAs are walking away from debts and keeping what little they have left rather than continue their delusion and lose everything and face total financial ruin. DWAs are realizing it is a better option to become a ‘debt walker' than trying to stick it out for the next 5-20 years and wind up paying the creditor and becoming completely destitute and indigent along the way. This is happening in great numbers and we will not see these numbers reported in the newspapers or on CNN.
US is creating a new generation of DWAs DWA homes that were previously bought or refinanced in the past 4 years for $400,000 or more are now on the market for ½ their recent purchase price. Their [mortgage] payments may have gone from $500 for the first 2 years to $4,000 a month now. But they can rent a place for $1,700 cutting their housing payments in half. The only thing that can be done to them [for debt defaulting] is that their credit rating will be bad. As of yet DWAs can't be arrested; it is not yet a crime. This is happening in the hundreds of thousands.
DWA has become endemic in those parts of the US where house-price falls have been particularly steep (California, Las Vegas, Florida, Ohio, etc), and the pattern is appearing in auto and credit card debt. DWAs first move out their furniture, leave the house vacant, post the keys to the address of the last mortgage payment address (commonly called jingle mail). Next they drive the auto to a parking lot, and mail the keys and title to the lien holder and go buy a cheap vehicle, next they stop payment on their credit card accounts. They salvage what dignity they have left and cannot be hauled into jail to serve prison time.
DWA numbers are swelling and the DWA's are realizing they can creating their own defacto bankruptcy rules, no filings, no creditor workout hassles, no attorney fees to handle the bankruptcy court proceeding, just a bad credit report. And best of all no criminal record and no prison time. Much better to just WALK away from the debt.
What does this hold for the future?????????"
:
