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May 01, 2008 – Comments (10)

I'm just going to post the links I wrote two blogs about and I'm not going to try the link button because it seems to be working to just write.

About 1/3rd of the increase in GDP went to heating fuel, which is up 14%. 

http://bigpicture.typepad.com/comments/2008/04/congratualtions.html

The graph shows home equity loans increased 5-fold over the past decade, from $100 billion to $500 billion.

http://www.safehaven.com/article-10136.htm

I had two way better posts before CAPS just threw them away... 

10 Comments – Post Your Own

#1) On May 01, 2008 at 1:05 AM, Tastylunch (29.29) wrote:

doh links didn't seem to take 

hmm there seems to be renovations going with CAPS. there's a new blogs page but yet ther's no easy link the blog list anymore.

 thanks for the neat links as usual dwot.

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#2) On May 01, 2008 at 1:07 AM, FleaBagger (28.92) wrote:

It's been May for 1hr, 6mins (by my clock) and you already have 5 blog posts! You are out of control, dwot!

 

 

... Way to go! 

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#3) On May 01, 2008 at 1:12 AM, dwot (47.53) wrote:

I am not out of control, I am showing how choked I am that CAPS is killing my posts.  It just did it again...  I had a write up on this one...

http://www.safehaven.com/article-10134.htm 

Am I the only one having posts killed here? 

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#4) On May 01, 2008 at 1:16 AM, Tastylunch (29.29) wrote:

I dunno dwot, but I couldn't log in to CAPS for about an hour due to some weird site glitch. I think it's safe to say work is being done under the hood.

I've had CAPS torpedo my blog posts before so now I take the precaution of copying my post to clipboard and to a text file before posting.... 

Caps won't let me post pics to my blog anymore, but it will let me post pics to comments. How weird is that? 

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#5) On May 01, 2008 at 1:31 AM, MakeItSeven (32.13) wrote:

Bush meets Bush:

Getting back to consumer expenditures, combined expenditures on durable and non-durable goods declined at an annual rate of 3.0% in the first quarter, the weakest performance since the fourth quarter of 1991 (see chart 3). On a year-to-year basis, expenditures on durables and non-durables rose only 0.4%, the smallest gain since the fourth quarter of 1991 when the economy was in a recession. 

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#6) On May 01, 2008 at 1:32 AM, dwot (47.53) wrote:

CAPS is in my bad books big time for killing my posts.

The link in the comment is about historical tax increases.  I've been predicting taxes are going to go up big time, although I don't think 8 times current rates for homes will happen, but double wouldn't surprise me.

This post about the government bringing back one year treasuries is a serious sign of problems raising money to pay for debt.

http://www.delmarvanow.com/apps/pbcs.dll/article?AID=/20080430/NEWS01/80430046/1002 

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#7) On May 01, 2008 at 3:09 AM, Atleus (< 20) wrote:

I read that a large part of the positive GDP growth was due to inventory buildup.  That spells bad news for next quarter, as there's only so much inventory you're going to create and accumulate before you lay off your staff...goods aren't moving.

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#8) On May 01, 2008 at 3:56 AM, TheGarcipian (42.84) wrote:

There's no doubt in my mind that taxes will be going up. They have to. There's too much debt and the deficit keeps growing. Better hold onto your paltry $300 checks, folks. It's gonna be a stormy summer...

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#9) On May 01, 2008 at 9:46 AM, dwot (47.53) wrote:

TheGarcipian, when Canada came to terms we had to do something about our debt the highest tax bracket went to 54.9% and that kicked in at an income of $80k.  It was brutal.  In Vancouver the average price for a home was about $300-350k at the time. 

I don't mind paying a fair share of taxes, but I was a child when that debt was created.  My parent's generation didn't pay their share.

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#10) On May 01, 2008 at 12:16 PM, FleaBagger (28.92) wrote:

If McCain gets elected, taxes (as such) won't go up, the deficit will. And that means inflation. Which is a tax in its own right.

By the way, dwot: I was A) kidding, and B) admiring your phrenetic pace of commentary, which is reflected plenty of places, if not in your first 5 posts in May.  ;)

(I don't smiley at very many people. You're special!)

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