The economy, is it good or bad. (Page 90/181)
Phranc NOV 22, 09:52 AM

quote
Originally posted by 84fiero123:
The point about Karen Kerrigan was that she thinks illegal workers are good for this country. Sooo she really knows what she is talking about then, right boys.



Can you quote that? I mean a quote of her saying that not what your misinterpreting and reading into?
84fiero123 NOV 22, 10:34 AM

quote
Originally posted by Phranc:

Can you quote that? I mean a quote of her saying that not what your misinterpreting and reading into?



“In the end, small businesses, their employees and the economy will suffer,” says Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council.

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

Phranc NOV 22, 10:45 AM

quote
Originally posted by 84fiero123:


“In the end, small businesses, their employees and the economy will suffer,” says Karen Kerrigan, president and CEO of the Small Business & Entrepreneurship Council.




Some how that doesn't add up to:


quote
illegal workers are good for this country



Maybe my english to english translation is broken or something.

In fact all she is doing is admitting that the economy will take a hit when you implement a measure that would add time and use of resource to check legal status. And it will take a small bump. Very small and it will go away after time as the costs are absorbed in to the day to day. She doesn't even quantify how much suffering there will be. No where does she say it shouldn't be done. Or that she wants illegals to stay or that they are good for this country.

I asked "Can you quote that? I mean a quote of her saying that not what your misinterpreting and reading into?" and apparently you can't.
aceman NOV 22, 11:05 AM
Steve, so if a majority of the country's people are struggling and the economy isn't growing but a segment of the country is doing well......It's in the toilet and we're in a recession. CORRECT?

THEREFORE:

If a majority of the country's people are doing okay to very well and a SEGEMENT OF THE COUNTRY IS NOT DOING GREAT and the economy is growing (Be it only .5%), then we ARE NOT in a recession and the economy is doing just fine. CORRECT!

Simple logic that you used and I used right back at you.

If you can't agree with your own logic, Steve..........
Get out of the deep end of the pool. You're drowning.
Either agree with the logical statement I posted or stop trying to post an argument.

_______________________________________________________

BTW, Steve, I hope you and your family have a wonderful Thanksgiving.
84Bill NOV 22, 02:46 PM
[flame] Ace and Phranc are always right [/flame]
84Bill NOV 22, 02:52 PM
The batteries in my crystal ball are dead but heres a prediction based on current trends.... I wonder if the average small business man can absorb the losses as the following article predicts

Black Friday halo dims as '08 jitters erupt
While deep discounts will get retailers through a mediocre holiday season, the bigger worry is how merchants will manage a post-holiday sales slump.

NEW YORK (CNNMoney.com) -- While millions of bargain-hungry Americans count down to Black Friday, experts are already looking beyond what's expected to be a mediocre holiday season to how retailers do damage control in 2008.

"The holiday season is what it is. In the mind of a retail person, the holiday season is over," said Tim Finley, former CEO of men's specialty chain Jos. A Bank (Charts). "If I were still the CEO of a major retail chain I would already be planning for damage control post holidays."

The day after Thanksgiving is dubbed "Black Friday" because it traditionally marked the day when retailers finally move out of the red, indicating losses, and into the black, representing profits.

Special Report: Holiday Money 2007
Toys still tainted with lead: Groups
Nov 20: Research groups find that toys on store shelves still contain illegal amounts of toxic substance. (more)
Energy costs to hurt holiday spending
Nov 19: Consumers are likely to spend less this season due to the rising costs of gasoline and heating oil, a survey shows. (more)
Wal-Mart's Black Friday deals
Nov 13: Retailer's planned discounts for day after Thanksgiving center on consumer electronics such as a Philips 50-inch HDTV and an Xbox 360. (more)
Weaker holiday gift card sales
Nov 13: Even though more than half of shoppers will buy gift cards, sales will fall this season, according to a survey. (more)
Wal-Mart cautious on holiday earnings
Nov 13: Largest retailer tops third-quarter earnings forecasts, but says fourth-quarter earnings may fall below estimates because of flat sales. (more)
Recalls scare parents away from hot toys
Nov 9: Parents are trying to avoid trendy toys by considering alternatives like books and music. (more)
Target's Black Friday deals leaked
Nov 8: Retailer's hot Black Friday discounts reportedly include a 37-inch LCD HDTV for $549 and a $60 free gift card with purchase of Xbox 360 and Halo 3 game. (more)
Price tag for holiday fraud: $3.7 billion
Nov 7: Retailers are reporting a higher incidence of product returns with either fraudulent or stolen receipts and returns of used merchandise. (more)
Holiday must-haves at Toys 'R' Us
Nov 6: The CEO of the toy retailer talks to Fortune's Matthew Boyle about this year's hot toys and the hard line the company is taking on safety. (more)
Big holiday deals unwrapped early
Nov 5: Wal-Mart's early price-cutting has ignited a wave of deep discounts that could rival Black Friday's blockbuster deals. (more)
Malls stalking dollar-rich tourists
Nov 2: Weak dollar spurs malls to go all out for shoppers from overseas - offering discounted hotel fares and free limo rides with Champagne. (more)
Wal-Mart sets holiday deals this week
Oct 31: World's largest retailer, anxious to capture holiday sales early on, plans to offer a $348 laptop computer and a 50-inch plasma HDTV for $998. (more)
Why a Fed cut won't save Christmas
Oct 30: The central bank cut interest rates on Wednesday, but 2 cuts in 2 months may not be enough to boost holiday sales. (more)
Sam's Club CEO: 'We have personality'
Oct 29: Despite parent company Wal-Mart's warning about tapped out consumers, Doug McMillon says he's not afraid to pitch a $347K diamond ring. (more)
Wal-Mart CEO excited about holidays
Oct 25: Lee Scott to analysts: 'In the U.S., I feel we are properly positioned for Christmas.' (more)
Black Friday gimmicks start rolling in
Oct 19: First out of the gate is Sam's Club, which is offering free breakfast in all of its stores nationwide to shoppers who come for its early-bird specials. (more)
Wal-Mart: Stop leaking Black Friday deals
Oct 18: Retailer is threatening legal action if Web sites leak its highly-popular Black Friday circular before Nov. 19. (more)
Wal-Mart chops prices again
Oct 18: Discounter cuts prices on 15,000 more products this week, including toys and kitchen appliances. (more)
Splurges will be scarce this holiday season
Oct 16: Industry survey shows Americans plan to spend a total of about $924 on gifts and other holiday purchases, up just 3.7% from last year. (more)
5 tips for smarter holiday shopping
Oct 10: Experts offer secrets to scoring special sale items, buying safe products and making money while you shop. (more)
Holiday retail: Bah, Humbug!
Oct 5: CNNMoney.com survey finds that lackluster merchandise, wary consumers could drag down critical year-end shopping season. (more)
Buy! Buy! 2007 'Hot Dozen' holiday toys
Oct 2: Toy Wishes magazine picks Barbie Girls MP3 player, Fisher-Price's Smart Cycle and Rubik's Revolution among toys of the year. (more)
Wal-Mart chops toy prices extra early
Oct 1: World's largest retailer ignites holiday price war in October by announcing deep discounts on some holiday toys. (more)

[This message has been edited by 84Bill (edited 11-22-2007).]

Phranc NOV 23, 12:42 PM
Dow closes up on a short day of trading today. DOOM AND GLOOM !!!!!!

1295.66 up 157.62 up 1.23%

YTD up 335.89 up 2.7%

Up means bad right?
84Bill NOV 27, 05:48 PM
Sorry spacedouche... I forgot all about posting yesterdays market adjustment. Not that bad though.. just about a 2% loss. No biggie.

Dow Jones Industrial Average
12,743.44 -237.44 / -1.83%

The market is still down a few tenths of a percent over fridays horn tooting and yesterdays ass chomping. Ghod I love to be a day trader!

'Ho, Ho, Ho' may be 'Oh, No' for economy
When the bills come due, the holiday consumer spending spree could be a 'last hurrah' for the nation's economic growth.
NEW YORK (CNNMoney.com) -- Santa Claus may leave a recession under the tree this year, as economists worry that tighter credit standards will put the brakes on consumer spending in the new year.

Consumers flashing credit cards have gotten the holiday shopping period off to a relatively good start since they pushed away from the Thanksgiving dinner table last Thursday.

ShopperTrak RCT Corp., which monitors sales at 50,000 retailers, estimates that total sales rose 8.3 percent to about $10.3 billion on Black Friday, the day after Thanksgiving. And online retailers are believed to have broken one-day records for traffic and sales on so-called Cyber Monday, as they logged in for more than $700 million in purchases.

But when their credit card bills start coming due early next year, consumers could face problems they haven't had to address in years, as the credit crunch puts a squeeze on additional spending going forward.


$100 oil and the 'S' word
Is it growing demand and tight supply, or merely rampant speculation that has pushed crude to record highs?
NEW YORK (CNNMoney.com) -- Greed is driving oil prices to $100 a barrel.

That's a common feeling among the general public, which sees record profits for investment banks that bet on oil prices - making wealthy oil companies even wealthier - while drivers shell out $3 and more for a gallon of gas.

Greed.. greed Who and where have I heard that word mentioned before. Hummm....

Oh and citi got a 7 billion bailout from a foreign country... nice huh? SELL SELL AMERICA SELLL!!!!

Citigroup-Abu Dhabi deal: A sign of the times
Sovereign wealth funds are looking to park more of their $2 trillion with U.S. companies.
NEW YORK (CNNMoney.com) -- Citigroup's newfound $7.5 billion cash infusion from Abu Dhabi's state investment fund may not cure all that ails the embattled bank, but it heralds the growing influence of sovereign wealth funds.

With similar government-owned funds swimming in cash, more iconic U.S. firms like Citigroup may find themselves owned, at least in part, by foreign governments.

Sovereign wealth funds, which act as a country's investment arm, have long been investing money gained through exports or from the sale of commodities such as oil.

But because of their rapidly expanding size, these funds have become harder to ignore.

Located both in the oil-rich Middle East, as well as other nations such as Russia and Singapore, the funds' combined assets under management are expected in the next three years to quadruple in size to $7.9 trillion from $1.9 trillion, according to Merrill Lynch.

While government debt like U.S. Treasuries have long been their investment vehicle of choice, the funds' appetites have grown more complex as they have searched for greater returns, said Jay Bryson, global economist at Wachovia Corp.
Phranc NOV 27, 06:32 PM
I like how you posted yesterdays loss but not todays gains.

12958.44

+215.00

+1.69%

YTD
+497.73

+3.99%
84Bill NOV 27, 06:35 PM

quote
Originally posted by Phranc:

I like how you posted yesterdays loss but not todays gains.

12958.44

+215.00

+1.69%

YTD
+497.73

+3.99%




Dont push your job off onto me you slacker, get off your ass and contribute something but dont expect me to do what you should be doing. Pullo your weighto Phranco