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| The economy, is it good or bad. (Page 117/181) |
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84Bill
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JAN 02, 07:21 PM
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| quote | Originally posted by JazzMan:
They never, ever discuss the quality of these new jobs, do they? Are they McDonalds jobs that are dead ends with no meaningful future? Or good paying jobs with benefits like affordable health insurance/care? I'm sure some of them are good, but I suspect that the bad jobs are disproportionally more common when compared with the existing jobs, i.e. for every engineer laid off a new burgerflipper job is created.
I'd really like to see some unbiased numbers on job quality as opposed to just volume.
JazzMan |
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NEVER!
And a machine took the place of burger flippers about 5 years ago. Now you just slip the beef in the top and perfect pattied spit out the bottom.
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IEatRice
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JAN 02, 08:40 PM
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| quote | Originally posted by Formula88:
Asked and answered. |
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No you said you didn't think of it, I'm asking for the difference between the two.
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Formula88
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JAN 02, 08:41 PM
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| quote | Originally posted by IEatRice:
No you said you didn't think of it, I'm asking for the difference between the two. |
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And I said that wasn't my point. Now get off it. If you want to know, look it up yourself.
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ditch
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JAN 02, 09:59 PM
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| quote | Originally posted by IEatRice:
No you said you didn't think of it, I'm asking for the difference between the two. |
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I pulled in 10% on my P mutual fund which is about what he pulled in (9%). My 401k did about the same. These were in investments of moderate risk. Would anyone care to adjust that percentage for the decreased US dollar value during 2007? I say it's still a nice net profit. it's not some big catostrophy like many uninformed people would like to believe. I'd be happy to give some real numbers if necessary.
Ok, let's assume it is not a good profit. Lets also consider the nature of the investment. Is it short or long term? Mine is a long term investment. I don't plan on pulling this money out until I retire in about 30 years. Remember that the majority of people fall into this category of investment. It's not black and white[This message has been edited by ditch (edited 01-02-2008).]
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Red88FF
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JAN 03, 03:24 AM
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| quote | Originally posted by ditch:
I pulled in 10% on my P mutual fund which is about what he pulled in (9%). My 401k did about the same. These were in investments of moderate risk. Would anyone care to adjust that percentage for the decreased US dollar value during 2007? I say it's still a nice net profit. it's not some big catostrophy like many uninformed people would like to believe. I'd be happy to give some real numbers if necessary.
Ok, let's assume it is not a good profit. Lets also consider the nature of the investment. Is it short or long term? Mine is a long term investment. I don't plan on pulling this money out until I retire in about 30 years. Remember that the majority of people fall into this category of investment. It's not black and white
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They are crying about your 10% because they got nothing, that is what you too would have gotten if you didn't invest. The other question if wondering about the allmighty dollar equation, is just where and what would you invest in to avoid the decline cycle.
Other than oil, which granted IS a biggie it only really hurts when you are buying your imported crap.
Next they will be saying I have been foolish to save my money because it is worth less than it was.
Kudos for you for doing more than thinking about you future and taking action and having a plan. Long term is the ticket.
I like how 123 posts a decline in the durable goods manufacturing order numbers for (((1 MONTH))) when it followed 10 MONTHS of gains, he has been crying about this topic the whole time ALL the numbers have been up. After all the doom and gloom the liberal press has been spewing for the benefit of this election cycle it is no wonder the numbers are starting to drop. Most of us here have said that could happen being that our economy is almost solely confidence based.
Next they will be saying I have been foolish to save my money because it is worth less than it was. With the falling dollar I almost whish we owed more money on the house :-)
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84fiero123
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JAN 03, 07:27 AM
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| quote | Originally posted by Red88FF:
I like how 123 posts a decline in the durable goods manufacturing order numbers for (((1 MONTH))) when it followed 10 MONTHS of gains, he has been crying about this topic the whole time ALL the numbers have been up. After all the doom and gloom the liberal press has been spewing for the benefit of this election cycle it is no wonder the numbers are starting to drop. Most of us here have said that could happen being that our economy is almost solely confidence based.
Next they will be saying I have been foolish to save my money because it is worth less than it was. With the falling dollar I almost whish we owed more money on the house :-) |
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I like how all who are saying the economy is doing good because they are. Like you.
Funny thing is over the last 30 years working I have paid off every home that I have bought, EARLY. And not by selling them.
How about you?
My home is paid for, in full. 4 years early on a 15 year note. All the others were paid off early because I thought ahead.
I did not get an ARM or refinance to buy new cars, big screen TVs, and other toys.
Some will always be doing well, even if the economy goes into a depression.
Stop the crap all of you. We have been headed into a recession for a year and we are still headed into a recession of biblical proportion. It won’t happen in a day, week, or month but it will happen. Soon.
Keep telling yourselves we are fine.
Many here who are saying that the economy is fine own businesses. Are in recession proof jobs like Ace. Yet those who live from paycheck to paycheck are not in such good shape. And that number is growing daily, because of the economy, the price of oil/gas has a lot to do with that. How much did a 100 gallons of oil cost last year at this time? I just got 100 gallons of kerosene and it was 349 bucks, the hundred gallons of oil I just bought before that cost 319.
Funny thing about averages.
Lets take 100 people in any place. 2 make 1 million a year. The rest make 100K a year.
Now those who make 100K a year average 100K a year if you just average their income. But if you add those 2 that make 1 million now what is that average?
118,000 so those 2 people who are making that higher income has increased the average income by 18K. Does that make any of those people who are in the majority make any more?
The real problem is people don’t think beyond their own bubble.
Think what you want, I see beyond the people who know so much because I have seen what is going to happen. Without a degree in economics.
------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.[This message has been edited by 84fiero123 (edited 01-03-2008).]
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Pyrthian
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JAN 03, 08:31 AM
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| quote | Originally posted by JazzMan:
They never, ever discuss the quality of these new jobs, do they? Are they McDonalds jobs that are dead ends with no meaningful future? Or good paying jobs with benefits like affordable health insurance/care? I'm sure some of them are good, but I suspect that the bad jobs are disproportionally more common when compared with the existing jobs, i.e. for every engineer laid off a new burgerflipper job is created.
I'd really like to see some unbiased numbers on job quality as opposed to just volume.
JazzMan |
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while I am 100% in agreement with ya:
quality jobs create themselves - that is why they are quality jobs.
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Red88FF
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JAN 03, 10:43 AM
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| quote | Originally posted by 84fiero123:
Think what you want, I see beyond the people who know so much because I have seen what is going to happen. Without a degree in economics.
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Wow! heheheheh, no comment really needed.
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Phranc
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JAN 03, 10:45 AM
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| quote | | Think what you want, I see beyond the people who know so much because I have seen what is going to happen. Without a degree in economics. |
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Can you tell me the megamillions numbers for the next drawing?
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84fiero123
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JAN 03, 11:07 AM
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| quote | Originally posted by Red88FF:
Wow! heheheheh, no comment really needed. |
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Say that when we are all in agreament with the economy.------------------
Technology is great when it works,
and one big pain in the ass when it doesn't.
Detroit iron rules all the rest are just toys.
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