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12-16-2014, 04:01 AM
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#1
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Just another Facist
Join Date: Mar 2002
Location: Now in Houston
Posts: 52,793
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Its a bad week for greenies...and electric cars
http://hosted.ap.org/dynamic/stories...12-15-15-01-37
Between oil dropping etc, and now this?
Chevy Volts are being used as door stops in some places
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12-16-2014, 09:51 AM
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#2
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Registered User
Join Date: Apr 2006
Posts: 3,630
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my local grocery store has the closest four spots to the door not for handicapped spots but for electric car plug ins. The other day three of the four spots were in use by massive SUV's LOL
I asked the kid outside pushing carts in how often people actually go there and plug in and he said maybe 2 cars a day use the the four spots.
__________________
Check out my daily horse racing podcast The BARN at www.betamerica.com/barn
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12-16-2014, 10:26 AM
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#3
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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We Know Where the Bubble Was
It is worse week for anybody connected in any way with oil. Russia, Brazil, Canada and the Arabs are going to be hurting. So are Alaska, North Dakota, and the Gulf states. Texas and Louisiana are going to be hit very bad. The question is how bad is it going to be for the banks and how much it is going to cost us to bail them out. I expect over 15% unemployment in La and Tx. The recovery is over. Any talk of raising interest rates will end shortly. The Dow will see 10k before it sees 20k.
A side note. The US dollar has now replaced Gold as the place to be if things are not going well in your home country.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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12-16-2014, 10:50 AM
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#4
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Registered User
Join Date: Feb 2005
Posts: 1,144
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Quote:
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Originally Posted by Robert Goren
It is worse week for anybody connected in any way with oil. Russia, Brazil, Canada and the Arabs are going to be hurting. So are Alaska, North Dakota, and the Gulf states. Texas and Louisiana are going to be hit very bad. The question is how bad is it going to be for the banks and how much it is going to cost us to bail them out. I expect over 15% unemployment in La and Tx. The recovery is over. Any talk of raising interest rates will end shortly. The Dow will see 10k before it sees 20k.
A side note. The US dollar has now replaced Gold as the place to be if things are not going well in your home country.
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Look at the whole equation.....JINGLE, JINGLE, AND MORE JINGLE.
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12-16-2014, 11:04 AM
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#5
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by incoming
Look at the whole equation.....JINGLE, JINGLE, AND MORE JINGLE.
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That jingle will be about as real as it was in 2009 when oil was under $50 a barrel. We are going into recession again thanks this time to the oil spectators. You are like the guy who was looking to buy a house in 2009 and thought that cheaper home prices was going to be a good thing right before he lost his job.
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Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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12-16-2014, 11:09 AM
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#6
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Registered User
Join Date: Feb 2005
Posts: 1,144
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Quote:
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Originally Posted by Robert Goren
That jingle will be about as real as it was in 2009 when oil was under $50 a barrel. We are going into recession again thanks this time to the oil spectators. You are like the guy who was looking to buy a house in 2009 and thought that cheaper home prices was going to be a good thing right before he lost his job.
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RG, you are AMAZING!! 
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12-16-2014, 11:09 AM
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#7
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Registered User
Join Date: May 2011
Posts: 22,648
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Quote:
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Originally Posted by Robert Goren
It is worse week for anybody connected in any way with oil. Russia, Brazil, Canada and the Arabs are going to be hurting. So are Alaska, North Dakota, and the Gulf states. Texas and Louisiana are going to be hit very bad. The question is how bad is it going to be for the banks and how much it is going to cost us to bail them out. I expect over 15% unemployment in La and Tx. The recovery is over. Any talk of raising interest rates will end shortly. The Dow will see 10k before it sees 20k.
A side note. The US dollar has now replaced Gold as the place to be if things are not going well in your home country.
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Only for extraction from the ground. The transportation, refining, and end sales continue to get their margins.
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12-16-2014, 01:13 PM
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#8
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Racing Form Detective
Join Date: Jul 2007
Location: Lincoln, Ne but my heart is at Santa Anita
Posts: 16,316
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Quote:
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Originally Posted by davew
Only for extraction from the ground. The transportation, refining, and end sales continue to get their margins.
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Maybe, but the people who lent money to the extractors are going to be hurting too. The question is how many fancy ways did the bankers figure out to spread hurt around. I have faith that they came up with quite a few. The only question is this going to be the dot com bust or the 2008 melt down. It is going to bad. It not going be just a few wildcatters going bust.
__________________
Some day in the not too distant future, horse players will betting on computer generated races over the net. Race tracks will become casinos and shopping centers. And some crooner will be belting out "there used to be a race track here".
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12-16-2014, 04:35 PM
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#9
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Veteran
Join Date: Feb 2013
Location: Washoe County, Nevada
Posts: 2,253
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Quote:
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Originally Posted by Robert Goren
It is worse week for anybody connected in any way with oil. Russia, Brazil, Canada and the Arabs are going to be hurting. So are Alaska, North Dakota, and the Gulf states. Texas and Louisiana are going to be hit very bad. The question is how bad is it going to be for the banks and how much it is going to cost us to bail them out. I expect over 15% unemployment in La and Tx. The recovery is over. Any talk of raising interest rates will end shortly. The Dow will see 10k before it sees 20k.
A side note. The US dollar has now replaced Gold as the place to be if things are not going well in your home country.
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You made some specific predictions here. I'll take the other side.
Unemployment in Texas and Louisiana will not touch 10% in the next year. We will see growth as measured by GDP in 2015. The Fed will remove "considerable time" from its statement on the timing of its rate hike this week.
I should be giving you odds on all of these but your apparent certainty on some very unlikely propositions makes me greedy.
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12-16-2014, 04:58 PM
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#10
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Registered User
Join Date: Mar 2005
Location: Queens, NY
Posts: 20,612
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__________________
"Unlearning is the highest form of learning"
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12-16-2014, 05:43 PM
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#11
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Registered User
Join Date: Jul 2007
Location: MILWAUKEE
Posts: 5,285
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Good Article! Thanks for the link.
__________________
Never tell your problems to anyone because 20% flat don't care and 80% are glad they are yours.
No Balls.......No baby!
Have you ever noticed that those who do not have a pot to piss in nor a window to throw it out of always seem to know how to handle the money of those who do.
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