Ohio is already reporting "problems" (didn't say what kind) with almost 200k votes...provisional ballots will need to be provided so if the race is closer than the difference we will have to wait an additional 10 days for those votes to be counted (Nov. 17th) before we find out. Anyone wanna bet a large lunch at a drive up window we don't know who the next President will be by tomorrow morning???

not THAT cr#p again! Sure hope you`re wrong

I live in a College town and it is like a little blue oasis in sea of red.

I figured it would be an oasis of Chicago Maroon in a sea of burnt orange

even a clumsy candidate might have beaten Obama if not for a simple factor that could not be overcome: the GOP’s growing extremism. The Republican strategy of making the election a referendum on the president’s handling of the economy was perfectly sound. The problem was that the Republican Party couldn’t pass the credibility test itself. For many voters disenchanted with Obama, it still was not safe to vote for his opponent.

.we have a financial problem , Obama solves it by printing money and borrowing from China, BUT China is soon faced with the problem we had...and then....we are doomed


Världens största kreditbubbla?
7 november 2012 kl 9:09 | Permalänk | Kommentarer(14)

President Obama har knappt hunnit bli omvald innan blickarna börjar riktas mot USA:s utmaningar.
Hur problemen ser ut är inte direkt någon statshemlighet, men de är ganska stora om inget görs. Bara under Obamas segertal hann USA:s totala skuldbörda växa med sisådär 230 miljoner dollar. Allt enligt den klocka som finns på organisationen Comeback Americas sajt och som räknar in alla framtida åtaganden som den amerikanska staten har.
Just nu är siffran uppe i drygt 71 000 miljarder dollar.
Men om möjligt ännu viktigare för världsekonomin är hur det kommer att gå i Kina där det är dags för ledarskifte i den politiska toppen den här veckan.
(Höll på att skriva val, finansmarknaden har ibland en tendens att blunda för att det så kallade loket i världsekonomin är en hårdför kommunistisk enpartistat).
Kina, som sällan missar en chans att klaga på att USA lever över sina tillgångar, har sina egna ekonomiska problem att ta tag i.
Även här handlar det om skulder som skenar.
Bloggen Zerohedge noterar att Kina är det land som har världens mest hårdbelånade företagssektor, med skulder som motsvarar över 150 procent av BNP.
Det är resultatet av en vildsint kreditfinansierad investeringsboom som har lett till enorm överkapacitet i flera branscher.
Kina har länge haft en lånefest som skulle få många västländer att framstå som bankbokskramare.
Efter finanskrisen 2009 öppnades alla kranar.
Från början av detta år till i mitten av 2012 beviljades lån motsvarande 73 procent av BNP.
Penningmängden i Kina har trefaldigats bara sedan 2007.
Något som fått vissa bedömare att tala om Kina som alla tickande lånebombers moder.
Det har föga förvånande pumpat upp flera bubblor, inte minst på fastigheter. För att minska risken för en enorm bankkrasch har Kinas ledare på olika sätt försökt dämpa och kontrollera utlåningen.
Resultatet blev istället att Kina tog efter väst på ännu ett annat område, nämligen skuggbanker, något som både Internationella Valutafonden och tungviktare i Kina varnat för.
Skuggbankerna, en oreglerad finansektor utanför banksystemet, har i Kina handlat mycket om att sälja sparprodukter till allt rikare kineser. Fenomenet har växt explosionsartat och lån från denna dåligt genomlysta sektor utgör enligt IMF nu 40 procent av Kinas BNP mot 130 procent för traditionella banker.
Men sparprodukterna, som lovar höga räntor, har både kallats för pyramidspel och Kinas egen subprimebubbla.
Både Barack Obama och Kinas tippade nya ledare Xi Jinping har med andra ord händerna fulla.
För oss övriga är det bara att hålla tummarna.
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The world's largest credit bubble?
November 7, 2012 at 9:09 | Permalink | Comments (14)


President Obama has barely had time to get re-elected before the eyes begin to target the U.S.'s challenges.

The problem is not exactly a state secret, but is quite large if nothing is done. Only during Obama's victory speech could total U.S. debt grow with so-so $ 230 million. All according to the clock on the organization Comeback Americas site and anticipate any future commitments that the U.S. government has.

Right now the figure was up to just over 71 000 billion dollars.

But even more important for the world economy is how it will go in China where it is time for leadership change in the political top this week.

(, financial markets sometimes has a tendency to turn a blind eye to what is known as the locomotive of the world economy, is a harsh communist party state).

China, who rarely misses a chance to complain that the U.S. lives beyond its means, has its own financial problems to rein in.

Again, it's about debts rocketing.

The blog Zero Hedge notes that China is the country with the world's most hard-leveraged corporate sector, with debt equal to over 150 percent of GDP.

It is the result of a ferocious credit-financed investment boom that has led to huge overcapacity in many industries.

China has long had a loan celebration that would get many Western countries appear as bankbook huggers.

After the financial crisis of 2009 it opened all taps.

From the beginning of this year to mid-2012, loans equivalent to 73 percent of GDP.

Money supply in China has tripled just since 2007.

Something that led some commentators to speak of China as all the ticking debt bombs mother.

It is hardly surprising pumped up several bubbles, especially in real estate. To reduce the risk of a huge bank failure, China's leaders in different ways tried to suppress and control lending.

The result was rather that China imitated the west on yet another area, namely the shadow banks, something that both the IMF and the heavyweights in China warned.

Shadow Banks, an unregulated fine sector outside the banking system, has been in China a lot about selling savings products to increasingly affluent Chinese. The phenomenon has grown explosively and loans from this sector are poorly elucidated according to the IMF now 40 percent of China's GDP to 130 percent for traditional banks.

But saving products that promise high interest rates, have both called for the pyramid and China's own subprime bubble.

Both Barack Obama and China's tipped new leader Xi Jinping In other words, has their hands full.

For the rest of us are just keeping our fingers crossed.

interesting to note though.....as I have two Mexicans , one Philippino and two Blacks in my dept of 11 people (otherwise "whites", including one woman).
Nobody is happy with the outcome, esp the Black guys ,they are very disappointed....guess they arent the 'norm'

If the market could swing an election to the right it would have been down before the election, not riding the recent high.

The cliff has been there for awhile, the house and senate refused to address it, the house hoping for an executive win, the senate not accepting any house proposal.
Hopefully those two can figure out the general population want them to work together. The market sees a stalemate, hopefully the three branches get it figured out.

Personally, I think falling off the cliff would be the best thing to happen. Basically just like bankruptcy. But that will never happen, just like GM and the auto bailout. GM should have gone into full blown bankruptcy and not given a govt bailout money that will never be recovered. The same thing will now happen with this situation...

heard this on one of the conservative radio talk shows this morning "it's no longer the government, it's the GIVEernment"