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A Closer Look at Income Tax and the Rich
Three Stocks To Be Held To Infinity and Beyond
Osiris Therapeutics: Bone Regeneration = Big Bucks
U.S. Economy Is Expanding, Not Receding
And those of you claiming that the employment rate is climbing are out of your heads. How can employment be rising when thousands each week are being laid off? just the past 2 months saw 3 major airlines go out of business, placing thousands out of work there, major retailers are now beginning to file for bankruptcy placing even more out of work. retail is supposed to be or saving grace as it employs thousands more workers than manufacturing(which is nearly no existent in America any more) .
You all read those unemployment numbers and think its great, less unemployed this week, when in fact there are those who have run out of claims(exhausted their benefits) so they are no longer included in the unemployed even though they still don't have jobs.
Let the government continue to miss lead you into a false sense of America is just fine. Look at Asia(particularly the Philippines) they depend on our strong dollar and our accepting their exports. Our weak dollar is even tearing their economy down,as we don't import have what we did last year and our weak dollar translates to a decreased spending power for them.
With all the extra cash floating around(excess printing of fiat currency) will keep our dollar weak and continue to feed the soaring commodity prices which will keep our economy from recovering.
And the stimulus checks , half are already spent with no signs of real improvement in the economy, so you think the small amount that is yet to be spent will life us out of this stagflation we are in? dream on .
Only when our government first quits lying to us about the present condition (never gonna happen) and when they quit printing all this cash,will we have any chance of a meaningful recovery.Until then, your job just may be at risk as companies one by one file for banckruptcy.
As far as Disney and a few other companies who normally would be expected to be slow in a recession, that can be explained when you look at the fact that our weak dollar makes things here look cheap to foreigners(so they are coming here to vacation ) in record numbers.So certain areas which might normally be slow have had a slight boost because of the weak dollar , but don't place too much stock in their lofty numbers, as it isn't about to propel us out of recession just because a couple little areas are doing well right now.
US GDP Grew in Q1: Where is That Recession?
You look at things from a federal stand point. Again, the Governemnt lies you know this as well as anybody. So, you put all this stock in their numbers? you cannot exclude housing,oil and commodities and get an accurate fix on GDP or inflation. These numbers count too much into our growth to exclude those. Second, you take a look at all those people who are loosing their homes due to the sub prime mess and ask yourself ,where is this expected growth in the second have of 08 coming from? Also,with the slowdown in the economy, many people out of work won't have the cash to pay their normal expenses let alone, any extras.Those who are still employed, many(like myself) are under employed(meaning we get fewer than 40 hours) so there is a lack of cash to do anything, or go shopping, so again, I ask, where is this second half growth coming from?
Our inflation is now affecting Europe, and you think their spending won't slow too? Which will eventually hurt our exports ,again hurting the only thing that might be doing well right now. Come on, take your heads out your asses and see the light of day. Buffett is right, this recession will be worse than most even expected. And you don't need negative GDP growth to experience recession in the first place.
U.S. Unemployment: Short and Rare
This isn't just hitting individuals either. Its hitting businesses as well. We have more businesses filing for bankruptcy that we have seen in 5 years. Our people have used up every available cent in the past 10 years. Using multiple credit cards to the max, using the equity in their homes till they owe more than 3 times what the home is worth.No one has any money and you can't have a thriving economy ,if no one has money to spend.
Those out of work cannot afford new cars or houses(cannot pay their credit card bills or their electric bills, or much of anything for that matter,. with the economy already slowed down, you think this won't slow things even more? Causing others to be out of work? And what about those who are still employed (but on reduced hours) how much buying do you suppose they will be doing in the next 4 to 8 months? They too will contribute to a further slowing of the economy.
Now add to that which i have already talked about , the fact that the older citizens (the ones who held all the wealth until now) ,their homes are worth less today than just 1 year ago,giving them less spending power, and they had the bulk of their cash in the stock market (which is down at least 16% from a year ago. Again taking away much of their spending power).
This is a spiraling situation. We have not only the sub prime homes on our hands, but people who could actually afford to keep paying on their homes, are now walking away because the value of their homes have dropped to the point, they just say hell with it, and walk off.
Come on , be real for once. This thing is not going away in a few short months. Its now affecting many other countries.
Here is one nobody seems to talk about. The Philippines. They have low pay . They get jobs in places like America and send money home to help support their poor families, but with the dollar sinking in the mud, those dollars are buying less and less in the Philippines. Consequently, The Philippines economy is sinking along with ours.
This is not a sector slowdown in any sense of the word , so get educated or shut the hell up.
Food prices on the rise has already begun to affect other nations. And guess what? Its coming home to bite us in the ass ,cause now we have butter shortage in certain areas in America. And that won't be the only shortage to hit either you can count on that.
Talk of Recession is Just Talk
when you see 20 places closing a day(businesses ) due to the economy,i'd say yeah thats recession .and its predicted that hundreds of malls will be mostly empty during the next 12 to 24 months . but no thats not due to any recession is it Sullivan???
what a Moron this guy is .
Talk of Recession is Just Talk
so are we in a recession? i would say when you hear about this company laid off 300 people today, and tomorrow another company says they laid off or will be laying off 1600 employees and a few days later, the same thing from another employer, you have a pretty good clue your in a recession.
when food costs and rent and home mortgage payments and gas and electric are all going up at double our earnings on a year to year basis, i would say you have a more than good chance we are in a recession.
when your next door neighbor is laid off and then your sister and cousin are laid off in the same week, you can pretty well bet , we're in a recession.
When more than 50 % of people say i won't be going on vacation this year cause i can't afford the plane ticket or they arn't sure they will have their job when they come back so they stay home instead,to save money. its a pretty good bet your in a recession.
When many of us are sticking with the same old cloths to save a few bucks instead of buying that new pair of pants we know we really need this year, or when you see people wearing shoes, that are literally falling off their feet, cause they can't afford to spend the extra cash right now, for new shoes, i'd say yeah , we're in a recession. Get off your A_s and get out into the real world Sullivan, see for your self what a real recession is all about before you go writing your nonsense blog.
Why I Don't Own Commodities
the population on this planet is growing, the population with spendable money is growing. most of those with the cash now, have never had the things we take for granted every day.but now that they can afford them, they want them. and this drives demand , demand for items that are in less and less supply .oil, you all seem to think it grows on trees and any time we need it , we can just go outside and pluck it from a tree and we are set. come on. open your eyes to reality.china has been on a quiet little buying spree for at least the past 10 years. and guess what they have been buying up?
oil. oil cause they were smart enough to understand back then, that supply took millions of years to develop and in less than 100 years, we have used up more than 3/4 of that supply. its dwindling , and they want it . as much as they can get their hands on. why do you think we are in Iraq right now? its not because sadam posed such a threat to Americans . its not because of some terrorists who supposedly invaded America(never happened ) its because bush and his clan know the value (and scarcity of oil) and they want to control and profit from it.commodities will fluctuate somewhat, but your never gonna lose all your money being invested in this area.
ok, you feel its over priced? then wait for your pull back and get in . but don't wait for a huge pull back , cause i don't believe that will happen for a long time to come.perhaps never. small drops i can see.
Fed Rate Cut: What Happens When We Get to Zero?
Fed Rate Cut: What Happens When We Get to Zero?
Tax Burdens Around the World: U.S. Near the Middle
also , why not discuss their current social security system. how it works compared to americans and how is their social security system fairing( is it well funded? or is it going bankrupt like ours?)
Strange but True... Stock Prices Have a Memory