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| The economy, is it good or bad. (Page 92/181) |
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84Bill
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NOV 28, 08:09 PM
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| quote | Originally posted by jstricker:
If your mind is made up that we're heading for a recession, then why did you ask for opinions? Or did you just want opinions of those that agree with you?
John Stricker
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I'm sure he didnt post to argue with people but rather discuss his topic.
You on the other hand.....
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84Bill
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NOV 28, 08:13 PM
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John... how do you feel about the Citigroup-Abu Dhabi deal?
Does the idea of a Bank which holds title to 7.5 billion dollars worth of America's soil trouble you any?
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jstricker
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NOV 28, 08:49 PM
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Not really, since they don't have a controlling interest. If they had purchased a controlling interest in it, then I'd have a lot more problems with the transactiong, but they really can't do that since the banking system in the US is regulated such that they can't. We live in a global economy Bill, get used to it, it's not going away.
John Stricker
| quote | Originally posted by 84Bill:
John... how do you feel about the Citigroup-Abu Dhabi deal?
Does the idea of a Bank which holds title to 7.5 billion dollars worth of America's soil trouble you any? |
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jstricker
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NOV 28, 08:50 PM
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Who am I arguing with, Bill? I posted what the markets did and my opinion on them. You know, like you've been doing for months..........
John Stricker
| quote | Originally posted by 84Bill:
I'm sure he didnt post to argue with people but rather discuss his topic.
You on the other hand..... |
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84Bill
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NOV 28, 08:55 PM
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| quote | Originally posted by jstricker:
We live in a global economy Bill, get used to it, it's not going away.
John Stricker
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I asked for an opinion, not coaching.. but thanks for not being concerned about trivial matters such as hocking America to the highest bidder.
By the looks of things this is the start of a new chapter in American... :clears throat: Sorry John.. I forgot America doesn't exist anymore, I mean global economics.
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84fiero123
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NOV 28, 09:36 PM
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The state made the investment in August at the recommendation of brokers at Merrill-Lynch, Channel 13 reported.
Just to clarity.
I wanted opinions, yes from both sides but not harassment from the likes of Aceman and others. I by no means think of any of your posts as harassment John.
I value alls opinions unless they try to degrade me for my opinion.------------------
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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jstricker
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NOV 28, 09:43 PM
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| quote | Originally posted by 84fiero123:
The state made the investment in August at the recommendation of brokers at Merrill-Lynch, Channel 13 reported.
Just to clarity.
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That's pretty much what happened with the State of KS KPERS fund several years ago. However, if you look hard enough (and don't think the papers will tell you who this is) you'll find the state had SOMEONE under the treasurer responsible for those investments. I don't blame the brokers at Merrill, I blame a very poor money manager that didn't do the proper research and followed their advice.
In KS, the individual and his staff were fired and a complete overhaul of the system went into place. I'd wager the same thing will happen in Maine in the very near future. I do have to wonder, though, except for retirement, what is a STATE doing with $20 million to invest? IMHO, that means the collected at least $20 Million too much in taxes.........
John Stricker
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84Bill
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NOV 29, 07:25 AM
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Middle class feels the squeeze
Rising costs of health care, housing, and education are forcing middle-class families to work harder and longer, says a new report.
NEW YORK (CNNMoney.com) -- Middle-class households in America have to work harder than ever to maintain their standard of living, according to a report released Wednesday.
Sixty nine percent of middle-class households are at risk of losing their standard of living in the long term, says Demos, an advocacy group for lower and middle-class Americans.
And the rising costs of health care, housing, and education are forcing middle-class families to work harder to maintain that standard, said Jennifer Wheary, the report's co-author in an interview with CNNMoney.com.
"The way that they have stayed secure is by tightening belts," said Wheary. "People now have to work more hours to be at that same level."
Demos defined middle-class households as those whose income is approximately between $40,000 and $129,000 (based on a family of four), whose head of household is between the ages of 25 and 64, and excludes those who held more than $500,000 in net financial assets (the top one percent).
The Demos report is designed to measure the financial health of the American middle class by measuring certain key variables.
If their main source of income dries up, only 13 percent of middle class households can live off their assets for nine months, after reducing basic living expenses by one quarter, estimates Demos.
52 percent have no net financial assets at all after debt (excluding home equity), and live paycheck to paycheck.
The average middle-class family is carrying $8,328 in personal debt, which includes credit card debt, student loans, vehicle loans, and medical debt, according to the report. The cost of essential living expenses like health care, housing costs and educational expenses is rising higher than both the rate of inflation and the incomes of most families.
"All these things add up to higher bars that people need to climb over," said Wheary.
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Phranc
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NOV 29, 10:47 AM
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| quote | | NEW YORK (CNNMoney.com) -- Middle-class households in America have to work harder than ever to maintain their standard of living, according to a report released Wednesday. |
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Oh noes !!! They can't buy flat screen TVs. They may have to forgo luxuries to pay down debt from buying luxuries they couldn't afford to begin with. Woe is them, woe is them. No more new Lexus. Maybe if they lived with in their means they wouldn't be feeling the "squeeze".
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Sixty nine percent of middle-class households are at risk of losing their standard of living in the long term, says Demos, an advocacy group for lower and middle-class Americans. |
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And those other 30% have made sure they can survive by planning and living with in their means.
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Pyrthian
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NOV 29, 10:59 AM
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so, rising prices & not rising wages their fault??
hmpf, never woulda thunk it. you could say "get a better job". but, now - is there really room in the workforce for 60% of the population to "get a better job"?
maybe you should just step back, and stick with "it dont affect me none" and shut up. fine, we get it - your impervious.
so, what is the secret to getting gas & electricity at lower rates? can you please enlighten the rest of us, who have to buy it at market price?
as far as I can tell, the only answer is to use less.
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