The economy, is it good or bad. (Page 145/181)
84fiero123 JAN 11, 10:55 AM

quote
Originally posted by Uaana:




You want to fix that so that it is not a quote of me. And that we can understand what is your post and what is mine.

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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.

84fiero123 JAN 11, 12:47 PM
What difference does it make if China has a 262 billion dollar trade surplus or 300 billion it is a huge surplus and we have an even bigger deficit.

Caused in part by Cheap, defective, dangerous, toxic Chinese products.

------------------
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.

Uaana JAN 11, 12:54 PM

quote
Originally posted by 84fiero123:

What difference does it make if China has a 262 billion dollar trade surplus or 300 billion it is a huge surplus and we have an even bigger deficit.

Caused in part by Cheap, defective, dangerous, toxic Chinese products.




You're the one that posted the original link/e-mail you tell me.. You put up to copy/pastes of e-mails you got that supported your belief that the economy is going to hell in a handbasket.. I just pointed out the sloppy reporting, sensationalism, and lack of facts in them.

You posted elsewhere to question authority.. I say question everything.

From what I've seen posted and bandied back and forth for the last couple pages.. It would save everyone a lot of time and energy if the "media/press" would report factually instead of using sensationalism to sell whatever.

Bottom line.. from the past few pages... The economy is growing, but at a slower pace than last year. Some people have concerns about rising energy costs, and depreciating home values.
While not great, not exactly doom and gloom either.
84fiero123 JAN 11, 01:13 PM
Like I have said before it ain’t over till it’s over.

Besides it is going down and has been since I started this thread.

Does that look even remotely good?

------------------
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.

Red88FF JAN 11, 01:47 PM

quote
Originally posted by Uaana:


From what I've seen posted and bandied back and forth for the last couple pages.. It would save everyone a lot of time and energy if the "media/press" would report factually instead of using sensationalism to sell whatever.

Bottom line.. from the past few pages... The economy is growing, but at a slower pace than last year. Some people have concerns about rising energy costs, and depreciating home values.
While not great, not exactly doom and gloom either.



Nicely put.

Unfortunately I think there is a political twist in the reporting of the economy, but yes, sensationalism is alive and well and surely plays a part in it.
Uaana JAN 11, 04:16 PM

quote
Originally posted by 84fiero123:

Like I have said before it ain’t over till it’s over.

Besides it is going down and has been since I started this thread.

Does that look even remotely good?




Actually it was pretty easy to take a historical look at this since you did give us a starting point.
Using just the DJIA as a guide it has been higher than where it was when you started, and is currently lower.
But we're talking about the economy as a whole, and if you're looking for trends look up the same DJIA and switch to a 5yr view.
You will see a nice steady growth pattern.

edit.. couldn't get link to work correctly. But a google search of DJIA should get you to the charts.

[This message has been edited by Uaana (edited 01-11-2008).]

Red88FF JAN 11, 04:34 PM
Though that is a wonderful example, and I recently said just that. We have been posting examples showing growth for 36 pages. Unfortunately there are a lot of panic types out there that don't understand how things work that are the driving force in recent declines. Now before Steve wets himself, that is a decline in growth which I know is hard for some to understand but it is still growth.
I no longer expect either of them to get it.

The worst economy in 50 years! it's the economy stupid! bla bal bla some old horse sh!t

Fuel prices are primarily driven by speculation too, so think about these a holes spreading the fear and making millions in futures. Yes fuel is a problem but we will get through it.
84Bill JAN 11, 05:38 PM
Ohhh.... Say it isnt so!! OUCH!

12,606.30 -246.79 / -1.92%

Stocks get pummeled
Wall Street suffers big selloff after AmEx profit warning, possible Merrill Lynch writedowns revive recession fears.

NEW YORK (CNNMoney.com) -- Stocks tanked Friday, extending the miserable start to 2008, after American Express's profit warning and Merrill Lynch's potential $15 billion writedown revived fears that the economy is heading into recession.

The acute economic fears have investors clamoring for more Federal Reserve action and they're betting that the central bank will cut rates by at least a half-percentage point at the end of its two-day meeting scheduled for Jan. 30.

The Dow Jones industrial average (INDU) lost around 247 points, after dropping more than 300 points earlier in the afternoon. Yet statistically, the point drop wasn't notable in that the Dow posted a bigger one-day decline only a week ago, reflecting the volatile nature of trading in the current environment.
Uaana JAN 11, 09:09 PM

quote
Originally posted by 84Bill:

The world is ending!!!! .



Again.. look at the 1, 3, 5 yr trends

Someone once said about investing.. you can make money in a bull market, you can make money in a bear market.. but pigs always get slaughtered.

Bill is looking at day to day trends and drive by media (what's the gloom of the day) and completely ignoring where we are in historical context.

Yes a 200 point drop off in 1932 would have been catastrophic, in todays market of 13+k it's an adjustment blip. Your boy Soros knows this as do any real investment broker or hell any semi serious follower of the market.
Only reporters who know nothing of markets and or economics would even submit this kinda junk as news..
But then the media buyers who have to have their daily fix of "it's all going to hell" to justify their lot in life eat any and all negative news as proof that the US is going in the crapper unless we give them more money and gov't cheese.
Uaana JAN 11, 09:15 PM
Or to make things simple for Bill.

the market would have to take a 1000+ point drop to even come close to what was experienced on black Tue.

And even then might not even start a panic.
A. the DJIA is not the only market anymore even if it's at over 13,000
B. Investors have learned to spread along not just the dow but nikki, nasdaq, and other foreign / alternate markets.

I understand that living in your cave and waiting for your next hand out this might confuse or worry you.. but don't worry.. long term the economy is doing fine. (not great.. but fine would cover how things are going) real and or disciplined investors don't panic on blips.