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| The economy, is it good or bad. (Page 74/181) |
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84Bill
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OCT 19, 07:09 AM
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Pyrthian
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OCT 19, 09:22 AM
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yes, I am sure US stocks will crap even more, as investors move their investments to the money making foriegn stocks, because their return keeps getting better & better as the US dollar falls. you see this happening already in mutuals funds.
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fierobear
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OCT 19, 02:07 PM
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To the folks who are perpetuating the "gloom and doom"...you *do* realize that a lot of what happens in the economy is due to the "self fulfilling prophecy"? To keep repeating how bad things are, your perception gets worse, you *act* on that perception, and...things get worse, just like you said.
People *can* and do talk and scare themselves into recession.
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Phranc
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OCT 19, 02:14 PM
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I love the economy. The jobs keep flowing in, my portfolio is up 4% on the year so far and over 200% from its lowest point after the .com burst. When I sell my house it'll be all profit. Man the world is great and its getting better. For me at least but then again I have a clue.
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Pyrthian
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OCT 19, 02:18 PM
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| quote | Originally posted by fierobear:
To the folks who are perpetuating the "gloom and doom"...you *do* realize that a lot of what happens in the economy is due to the "self fulfilling prophecy"? To keep repeating how bad things are, your perception gets worse, you *act* on that perception, and...things get worse, just like you said.
People *can* and do talk and scare themselves into recession. |
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yes, just about everything to do with an economy is a viscous circle type of thing
I really dont see much wisdom in ignoring potential problems. and, seeing my foriegn investments are growing like mad, does make me belive that others will want that too. or am I thinking the wrong way? I don't think I am "doom & gloom". I know I will be fine. I just like it more when those around me are fine too.
overall - I would say once the dollar drops another 20% - all will be good. I dont see that as doom & gloom.
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84Bill
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OCT 19, 05:07 PM
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| quote | Originally posted by fierobear:
People *can* and do talk and scare themselves into recession. |
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Merrily merrily merrily life is but a dream...
It's a damn shame some people are out of touch with reality.... Such is the American way I spose.
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madcurl
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OCT 19, 05:57 PM
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Hmm. Black Friday (October 19th 1987) pasted and nobody leaped out of their windows.
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84fiero123
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OCT 19, 06:23 PM
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Funny most of those that are saying the economy is doing great are listed as company owners in their own profile.
Of course they think the economy is doing great, they own business.
But those who live prom paycheck to paycheck or not doing quite so well, now are they.
Ok now say we don’t have the brains to invest, no we don’t have the disposable income that those who own businesses have.
No we don’t have 401K’s why because the business owners are not paying us enough.
I think I heard it on the news the other day that $30,000 a years is poverty level for a family of 4.
That about $575 gross a week combined income for both parents. that’s about $14.52 an hour for a 40 hour week. 52 weeks a year.------------------
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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84fiero123
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OCT 19, 10:18 PM
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Living Paycheck to Paycheck Gets Harder
Friday October 19, 10:00 PM EDT
NEW YORK (AP) — The calculus of living paycheck to paycheck in America is getting harder. What used to last four days might last half that long now. Pay the gas bill, but skip breakfast. Eat less for lunch so the kids can have a healthy dinner.
Across the nation, Americans are increasingly unable to stretch their dollars to the next payday as they juggle higher rent, food and energy bills. It's starting to affect middle-income working families as well as the poor, and has reached the point of affecting day-to-day calculations of merchants like Wal-Mart Stores Inc., 7-Eleven Inc. and Family Dollar Stores Inc.
Food pantries, which distribute foodstuffs to the needy, are reporting severe shortages and reduced government funding at the very time that they are seeing a surge of new people seeking their help.
While economists debate whether the country is headed for a recession, some say the financial stress is already the worst since the last downturn at the start of this decade.
From Family Dollar to Wal-Mart, merchants have adjusted their product mix and pricing accordingly. Sales data show a marked and more prolonged drop in spending in the days before shoppers get their paychecks, when they buy only the barest essentials before splurging around payday.
"It's pretty pronounced," said Kiley Rawlins, a spokeswoman at Family Dollar. "It seems like to us, customers are running out of food products, paper towels sooner in the month."
Wal-Mart, the world's largest retailer, said the imbalance in spending before and after payday in July was the biggest it has ever seen, though the drop-off wasn't as steep in August.
http://money.excite.com/jsp...ews_id=ap-d8scm3i82&
ya we are doing great------------------
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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84Bill
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OCT 19, 10:25 PM
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| quote | Originally posted by madcurl:
Hmm. Black Friday (October 19th 1987) pasted and nobody leaped out of their windows. |
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Ya know why?
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