The economy, is it good or bad. (Page 26/181)
84Bill AUG 11, 08:19 PM

quote
Originally posted by Toddster:
Economics...THAT'S rocket science Bill. And clearly you're no rocket scientist.



Economics for some is rocket science in the fact that in order to steal the peoples money legally there needs to be crafty deceptions and alot of smoe and mirrors.

Economics is nothing more than the premmice that if you have money you spend it, if you dont have money you cant.

The smoke and mirrors "rocket science" part of all this is credit.. which is spending money that one does not have.. It begs the question.. If one has no money then how can one spend money

This can be dummed down as well... You cant really do that forver and without some limits so if you do, you had better be able to BACK IT UP which we will all soon find out the dollar is completely worthless.
84fiero123 AUG 11, 08:42 PM

quote
Originally posted by Toddster:
Well you sure did put me in my place. How silly of me to think you are a troll.



Ya I’m a troll in the thread I started looking for opinions.

Todd you put people down to intimidate them into not posting.

You are the troll.

Forgive me for being able to see threw you.

------------------
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 08-11-2007).]

NEPTUNE AUG 12, 12:40 PM
Everything's fine. Stay the course.
Oops!

 
quote

Lowe's axes 205 workers in Osceola [county]
Real-estate woes in Central Florida and across the nation hit the home-improvement retailer hard.

Mark Chediak and Daphne Sashin | Sentinel Staff Writers
August 11, 2007

The slumping housing market claimed more victims Friday, as 205 Lowe's workers lost their jobs because of slowing sales at the nation's second-largest home-improvement retailer.

Employees who showed up for work Thursday night at the massive Lowe's distribution center in Osceola County were told not to clock in. Some started to cry, and others were simply stunned by the news. Several said their hours had been reduced in recent weeks, but they had no idea they would be without jobs -- and health benefits.

"I'm tired, and I feel very bad," said Maria Medina, 57, who was sitting with others from her department Friday afternoon outside the Kissimmee Civic Center, where laid-off employees were collecting severance information and getting job-placement counseling.

Though the housing bust hit home in a personal way for the Lowe's workers, its effects are being felt across the nation. The subprime-mortgage meltdown and concern about a credit crunch forced the Federal Reserve on Friday to inject billions of dollars into the banking system to calm the markets, which have been reeling for weeks.
Home-improvement retailers have been particularly hard-hit by the housing turmoil. Lowe's, the nation's second-largest home-supply retailer behind Home Depot, reported a same-store sales and profit decline for its latest quarter, despite earning $47 billion in annual sales in fiscal year 2006.

Three years ago, when Lowe's opened the 1.4 million-square-foot distribution center in the Poinciana Office and Industrial Park, the economic picture was far different. The region's hot housing market and the 2004 and 2005 hurricane seasons boosted business at home-improvement suppliers. As a result, Lowe's distribution center nearly doubled its work force to about 1,000 employees by the spring of 2006.

However, during the past few months, employees had been asked to reduce their hours or take voluntary time off because of slackening demand.
Lowe's had received a $1.8 million job-incentives package to open its Osceola County distribution center, which supplies 96 retail stores in Florida and southern Georgia. The incentive deal required the distribution center to create 600 jobs by the end of 2007, which the company is on track to meet, Ahearn said.

However, that's little consolation for those workers without a job Friday.

Israel Cruz, 55, said he was on vacation when he got the call to show up at the Kissimmee Civic Center to pick up his severance papers.

'It's coming just like that," said Cruz, of Poinciana, who worked in the receiving department. "The mortgage is too high. I don't know what I'm going to do now."
http://www.orlandosentinel....ug11,0,3349916.story
[QUOTE]

To the best of my knowledge, Israel Cruz isn't an investor or a speculator. Just an average citizen who THOUGHT he had a good steady job with a good company. So he bought a house.
More homes and jobs are disappearing. Every day I see more homes with "For Sale- Bank Forclosure" signs in the yard.
The President is keeping an eye on things, though.
Just like he kept an eye on New Orleans during and after Hurricane Katrina....
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Thank you for the forum, Cliff.

[This message has been edited by NEPTUNE (edited 08-12-2007).]

84Bill AUG 12, 04:43 PM
[QUOTE]Originally posted by NEPTUNE:
Everything's fine. Stay the course.


Oh come on!!
For crying out loud, it's just a small overdue "market adjustment." Everyone knows that... Even Todd.

Now get back in lockstep.
aceman AUG 12, 08:18 PM

quote
Originally posted by 84fiero123:


So you really are stupid!

You can’t give a good answer to those legitimate questions and your non answer proves your not quite as smart as you think you are. Of course no one could be as smart as you think you are.




Oooooooh, Steve. You really got him there. Knock him out with your killer argument move.... Ask him to describe how to do something on fixing a car or welding or construction. You know, the stumpers that don't remotely have anything to do with the thread you ask when YOU'RE OVER YOUR HEAD IN AN INTELLIGENT DISCUSSION AND YOU DON'T UNDERSTAND ANYTHING BEING SAID!

So, let me get this straight........

You start a thread asking for opinions of the economy. I would assume because you're not quite sure what to make of everything. Like others, you'd like to get a bunch of different views from those that are educated or familiar or are authorities in the topic you ask about. Then you start arguments with those that are trying to educate you or familiarize you better with the topic?

If you think someone is not quite right, then please, post something more educated and refined and versed rather than starting a drunken bar type argument that a couple of cavemen would start. Even if it is a thread YOU started.

Instead of posting an article and saying "What about this?", post a link and give us your opinion or knowledge and why you think the article holds water or why it doesn't.

If you think the economy stinks right off the bat, create a thread: "The Economy Stinks!" and then back up your opinion.
84Bill AUG 12, 08:31 PM

quote
Originally posted by aceman: the



[This message has been edited by 84Bill (edited 08-12-2007).]

84fiero123 AUG 12, 09:16 PM

quote
Originally posted by aceman:


Oooooooh, Steve. You really got him there. Knock him out with your killer argument move.... Ask him to describe how to do something on fixing a car or welding or construction. You know, the stumpers that don't remotely have anything to do with the thread you ask when YOU'RE OVER YOUR HEAD IN AN INTELLIGENT DISCUSSION AND YOU DON'T UNDERSTAND ANYTHING BEING SAID!

So, let me get this straight........

You start a thread asking for opinions of the economy. I would assume because you're not quite sure what to make of everything. Like others, you'd like to get a bunch of different views from those that are educated or familiar or are authorities in the topic you ask about. Then you start arguments with those that are trying to educate you or familiarize you better with the topic?

If you think someone is not quite right, then please, post something more educated and refined and versed rather than starting a drunken bar type argument that a couple of cavemen would start. Even if it is a thread YOU started.

Instead of posting an article and saying "What about this?", post a link and give us your opinion or knowledge and why you think the article holds water or why it doesn't.

If you think the economy stinks right off the bat, create a thread: "The Economy Stinks!" and then back up your opinion.



Check my first post on this page ace. It has all the things you wanted yet the Turd didn’t even try to say I was wrong or give a reason why he didn’t answer it.

------------------
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 08-12-2007).]

aceman AUG 12, 09:36 PM
GLOBAL Economy, 94fiero123. GLOBAL Economy. We can't stay as isolationists. You've got to now look at the big world for our entire economy. Steve, I'm not trying to insult you or argue with you, but I constantly see that you want to stay in the day that there wasn't the big picture to look at. We can't look at things like that anymore. If we kept looking at the little picture of just the USA, we'd be or will be like Iran, Ethiopia, Tanzania, Kurdistan and other 3rd world countries.

You referenced that we're hurting our economy by outsourcing to Toyota and Honda even though the manufacture here and take all those profits beck to Asia. That may be, but the Americans employed by Toyota and Honda are spending their paychecks here and making the economy move. And to reciprocate things, Levi Strauss is having jeans made in say Mexico, the Mexicans are spending their paycheck in Mexico, but the profits from that move are flowing right back into the U.S. and the shareholders are getting dividends from the profits and making our U.S. economy move.

Give and take and move and adapt with the changes.
84fiero123 AUG 12, 09:44 PM

quote
Originally posted by aceman:

GLOBAL Economy, 94fiero123. GLOBAL Economy. We can't stay as isolationists. You've got to now look at the big world for our entire economy. Steve, I'm not trying to insult you or argue with you, but I constantly see that you want to stay in the day that there wasn't the big picture to look at. We can't look at things like that anymore. If we kept looking at the little picture of just the USA, we'd be or will be like Iran, Ethiopia, Tanzania, Kurdistan and other 3rd world countries.

You referenced that we're hurting our economy by outsourcing to Toyota and Honda even though the manufacture here and take all those profits beck to Asia. That may be, but the Americans employed by Toyota and Honda are spending their paychecks here and making the economy move. And to reciprocate things, Levi Strauss is having jeans made in say Mexico, the Mexicans are spending their paycheck in Mexico, but the profits from that move are flowing right back into the U.S. and the shareholders are getting dividends from the profits and making our U.S. economy move.

Give and take and move and adapt with the changes.



Ya the global economy is doing just great because of what is happening here to, right?

The shareholders are not sending these jobs overseas, the executives right here in this country are sending the jobs elsewhere.

http://money.excite.com/jsp...ews_id=ap-d8qvksk80&

Read, learn, get a clue.

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

84Bill AUG 12, 09:45 PM

quote
Originally posted by aceman:
Toyota and Honda are spending their paychecks here and making the economy move. And to reciprocate things, Levi Strauss is having jeans made in say Mexico, the Mexicans are spending their paycheck in Mexico, but the profits from that move are flowing right back into the U.S. and the shareholders are getting dividends from the profits and making our U.S. economy move.

Give and take and move and adapt with the changes.



I dont mean to interrupt the bruhaha but that monie that is being spent here goes to China, Mexico.. etc... etc.. and the rest goes to the upper echeschlongs. Banks mainly.