The economy, is it good or bad. (Page 72/181)
Red88FF OCT 16, 02:08 PM

quote
Originally posted by 84fiero123:

I did not start this thread only on the stock markets plunge but on the housing climbing bankruptcies.






quote
Originally posted by Red88FF:

123 started this thread using the then plunging stock market as one reason to think we were all going into the gutter, which is why we have been hashing out the market for 18 pages now, with almost daily updates of gloom and doom.




"as one" are the key words here!

And yes, most people that are in the housing crisis were/are idiots. Key word being "most"


Junk mortgages = subprime, key word,,,,, "junk" this whole load of crap is being used as a political tool. "tool" is the key word here and is exactly what the people are that signed these junk mortgages and the people that buy into the sky is falling doom and gloom which by design is undermining consumer confidence, that as said is what our entire investment economy is kept thriving by.

There have been and always will be people in the poor house, PERIOD! so waving these unfortunate people around to try and prove an inept point is laughable.

I am sure this was spelled out pages ago but here it is again anyway!

Record number of home owners,,,,,,,, record number of foreclosures! DUH!

Record number of jobs,,,,,,,,,, record number of losses! DUH

Anytime you have record highs in whatever you will have record percentages of whatever!
Red88FF OCT 16, 02:17 PM

quote
Originally posted by Pyrthian:

and, dont forget the bleeding hole in the USA's economy. $200,000 per minute. to rebuild Iraq. how many folk here would like that in one year? this is one minute.....



I certainly won't debate that that is a lot of moolah!. I would be interested to see other government expenses calculated by the minute. I think it must be thought of as an "investment" in the future. We shall have to just wait and see how it turns out.

I am quite sure that many of us feel that the "investment" in freeloaders is/has not paid off and we should get out of that one too.
Pyrthian OCT 16, 02:29 PM

quote
Originally posted by Red88FF:
I certainly won't debate that that is a lot of moolah!. I would be interested to see other government expenses calculated by the minute. I think it must be thought of as an "investment" in the future. We shall have to just wait and see how it turns out.

I am quite sure that many of us feel that the "investment" in freeloaders is/has not paid off and we should get out of that one too.



I would love to think of it as an investment - but this is JUST the rebuild - and them maniacs are blowing the crap up as quick as we build it.

anyways - another thing many are overlooking is that the "boom" was created by all the easy credit & easy loans that suddenly became available. everyone suddenly had money - or felt like they had money - and spent spent spent. this of course fuels for a boom. and now - we are in "the hangover", as everyone is reaching their limits - or learning to spend only yesterdays money - NOT tomarrow's.
Red88FF OCT 16, 02:49 PM

quote
Originally posted by Pyrthian:


anyways - another thing many are overlooking is that the "boom" was created by all the easy credit & easy loans that suddenly became available. everyone suddenly had money - or felt like they had money - and spent spent spent. this of course fuels for a boom. and now - we are in "the hangover", as everyone is reaching their limits - or learning to spend only yesterdays money - NOT tomarrow's.



Funny how it is accepted that people spending on credit and boosting the economy and production which creates jobs and increasing tax revenues is somehow not trickle down economics. Oh ya but that doesn't work, heh. People spending like this is/was foolish and much as it pisses people off I think they are/were idiots.

Yes a hangover from something like this is far worse than trickle down tax cuts because it obviously is not sustainable like tax cuts are because the credit eventually runs out and has to be absorbed or paid back. BUT BUT BUT this hangover is a correction, not the sky is falling.
Pyrthian OCT 16, 03:03 PM

quote
Originally posted by Red88FF:
....,
Yes a hangover from something like this is far worse than trickle down tax cuts because it obviously is not sustainable like tax cuts are because the credit eventually runs out and has to be absorbed or paid back. BUT BUT BUT this hangover is a correction, not the sky is falling.




exactly. it feels so bad because of all the fun we had while people were selling off their futures.
here in Michigan - the economy DOES SUCK. no doubt about it. people are hurting all over. but - yes - the sky is not falling. most of these folk barely got thru high school, and are 2nd gen UAW types. no ambition, no education. great combo. I myself am pretty damn lazy - but boy oh boy......

anyways - hopefully this massively devalued dollar makes "Made is USA" products a better value in the world market, and all of us can get a little.

and - the magical day I am waiting for - when the asians start demanding their fair share of all the work they are doing. 100 asians getting rich - 100,000 doing the work - that wont last. didnt last here - wont last there.
Red88FF OCT 16, 03:15 PM

quote
Originally posted by Pyrthian:


anyways - hopefully this massively devalued dollar makes "Made is USA" products a better value in the world market, and all of us can get a little.

and - the magical day I am waiting for - when the asians start demanding their fair share of all the work they are doing. 100 asians getting rich - 100,000 doing the work - that wont last. didnt last here - wont last there.



Yes the devalued dollar is going to help in a lot of ways, even though some are scared it will hurt other countries, I don't care, they too can have a correction! heh That is one advantage to nothing backing up the dollar other than confidence.

I don't know if China is ever going to get the chance to do what American workers have done, they are commies and do not enjoy the benefits of a free system of the people. But it would be great to see! not only for the boost for our manufacturing since our government won't support a "fair" trade ethic but I would like to see the average Chinese person prosper in their own right and not at the expense of Americans. I think their retirement plan is to die.
Pyrthian OCT 16, 03:50 PM
"commie" or communism is NOT actually an oppressive form of government. the root of it is "community", and when properly done - most citizens have a pretty decent way of life. unfortunately, greed of the leaders usually overwhelms - and you end up with a dictatorship, with several top layers, and one big fat layer of "workers" holding it up. thats what always bother me about any layout - that the people who actually do the work seem to be the least rewarded. it alwasy builds up, and always explodes.

I've always liked that aspect of the movie "Fight Club" - the lines about "we make your food, we make your cars, we clean up after you - dont fcuk with us". They are only on top because we let them.

anyways - maybe one day we will outgrow this concept of money. not sure what will replace it - not even close to a concept - but money certainly does not fit the bill anymore. the size/scales of larger corporations, where some peoples weekly pay is "normal" peoples yearly income for basicly equivalant work - something is amiss. and, things like the "entertainment industry". industry?? lol its people playing music, playing ball, pretending to be someone else, singing songs. but, whatever - I enjoy sports, movies & music - and we do have the best in the world.

its hard to ***** when ya got it so easy, eh? is it just jealousy? probably. at least they be making money, and hiring people, and making demands for the "high end" goods, which make for more jobs, and more services, which would never had been available. our type economy NEEDS high income people.
84Bill OCT 16, 05:13 PM
The consumer buying binge is over
It's been said many times, but now consumers are truly tapped out, says Fortune's Geoff Colvin.

"Here I go. I am about to walk into one of the biggest sucker's games in the whole world of economics: declaring that the U.S. consumer is tapped out, so desperately in hock and troubled about the future that he finally just can't spend like it's 1999 anymore. And to be clear, that is what I'm declaring. Unless I can talk myself out of it by the end of the column.

I must be nuts. One of the most reliable ways to look like a business dope over the past several years has been to announce that the consumer spending party is finally over. Every year, usually in the fourth quarter, assorted boffins prove beyond doubt that U.S. consumers cannot possibly keep spending as they have been. Consumers then ignore those reports and keep right on spending anyway. "
JazzMan OCT 16, 06:35 PM
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[This message has been edited by JazzMan (edited 12-04-2008).]

madcurl OCT 16, 06:43 PM
Hmm. If consumers are "tapped-out" of monies, then why do they still have a $100 a month cable bill?