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February 01, 2010 – Comments (6)

Mish has a post showing the cuts governments are now making because of the dire budgets.  These cuts should have started last year instead of the fool stimulus programs that have simply resulted in greater debt and greater cuts now.

So, lots of people in "secure" jobs are going to be looking. 

It will be very interesting to see how the market does the next year.  I do not see any foundation for what the market has done, and eventually it catches up with itself...

6 Comments – Post Your Own

#1) On February 01, 2010 at 10:13 AM, Tacomatight (73.46) wrote:

It doesn't suprise me that you do not see any "foundation." You didn't see that stocks were gutted to generational lows last year either. I thought you retired. Does this mean that you and the others that were so wrong for so long are coming back with your end of the world predictions? I'm sure Alstry will be happy...it's gotten quite lonely for him.

But yeah you are right about the debt, this is getting ridiculous. Bush and Obama really rogered things up. Hope we get a new infastructure out of all of this at least.

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#2) On February 01, 2010 at 11:40 AM, FleaBagger (28.92) wrote:

I like how Tacomatight (58.87) thinks you're an idiot. "For so long" apparently means "for ten months."

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#3) On February 01, 2010 at 11:40 AM, OneLegged (< 20) wrote:

Tacoma, what do you see an emerging industry to put a floor under all this?

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#4) On February 01, 2010 at 12:05 PM, devoish (98.26) wrote:

Wow.

And here I was considering you as a possible Feste nominee when tacomatight comes a-bashing.

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#5) On February 02, 2010 at 2:02 AM, Tastylunch (29.29) wrote:

I have to admit Dwot, given the title, I thought you were going to talk about the iPad. :)

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#6) On February 03, 2010 at 5:26 AM, gman444 (28.71) wrote:

Dwot is my Feste nominee--sour missives like that from tacomatight only reflect poorly on him/her.

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