#5 Biggest bank in the country disappears for pennies. The Fed doing some more juggling. What say you? Any words of wisdom today, like "putting food on your Family":shrug:
Anybody have any good economy statistics for me still?
- Thread starter shamrock
- Start date
didn't you hear what bush told us today? no problems at all. everything is fine :shrug:
--on good economy stats
to date:Employment-interest rates-inflation to name a few
Which directly influence everyones ability to put food on table--
--and just out on food prices--
By MARTIN CRUTSINGER, AP Economics Writer
1 minute ago
WASHINGTON - Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months.
--and how do you perceive your example effects their putting food on table?
What say you?
Jack I don't think you could interpret his speech--as no prob at all when he opened with--
"One thing is for certain, we're in challenging times," the president said after meeting with Treasury Secretary Henry Paulson and other senior economic advisers. "But another thing is for certain: We've taken strong, decisive action."
will side with you though on some ridiculous comments that followed--
Bush said "our financial institutions are strong" and "our capital markets are functioning efficiently and effectively."
There is a very scarey balancing act going on right now--you can lower rates-pump money in to solve short term--but at what point does in make foreign investors look for better return and dump investments here--
IMO they are counting on countries staying with us on premise of whats bad for U.S. will be bad for them--ie ripple effect on world economy.
Last edited:
That's probably because the liberal media probably has to buy gas, pay for their energy bills and yes, put food on their family. They probably see the real world more than the Presidential speechwriters who have to come up with something remotely positive for the redneck to talk about during his infrequent press briefers.
Using your quote, Wayne:
"Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months."
So, the only thing that came down in February was food prices? Everything else that we pay for went up either heftily, or at the fastest pace in 15 months - which is saying a heckuva lot considering where prices have gone in 15 months?
That's some fine spinnin', even for you, my friend.
"Wholesale prices rose again in February as another hefty increase in energy costs offset falling food prices. Outside of food and energy, prices shot up at the fastest pace in 15 months."
So, the only thing that came down in February was food prices? Everything else that we pay for went up either heftily, or at the fastest pace in 15 months - which is saying a heckuva lot considering where prices have gone in 15 months?
That's some fine spinnin', even for you, my friend.
- Feb 12, 2000
- 10,652
- 39
- 48
- 51
Remember, folks. Buy low, sell high.
We are going through a rough patch, but we have to remember that the economy is cyclical. We will recover.
And, in defense of Bush (something that I know is very dangerous around here), most of what he said yesterday was pretty spot on, imo.
If you think we are heading into a depression, then start preparing. But we are not. No way. No how. (is that how that phrase goes? -- writing it makes very little sense
)
So, in regards to the request, I don't have stats to post, but I feel we are positioned well for the mid-term (2-5 years).
We are going through a rough patch, but we have to remember that the economy is cyclical. We will recover.
And, in defense of Bush (something that I know is very dangerous around here), most of what he said yesterday was pretty spot on, imo.
If you think we are heading into a depression, then start preparing. But we are not. No way. No how. (is that how that phrase goes? -- writing it makes very little sense
)So, in regards to the request, I don't have stats to post, but I feel we are positioned well for the mid-term (2-5 years).
Not too late to move all your assets into commodities, gold and oil and to short the dollar.
Economy is just starting to get crappy; within in a year or two this time will look like paradise.
The U.S. is heading for the nastiest recession (have already been in one for 4 months) since the Great Depression; and if you think the Fed Gov't is done bailing out banks, you really haven't been paying too much attention to the situation....
Economy is just starting to get crappy; within in a year or two this time will look like paradise.
The U.S. is heading for the nastiest recession (have already been in one for 4 months) since the Great Depression; and if you think the Fed Gov't is done bailing out banks, you really haven't been paying too much attention to the situation....
Let's just make sure this is kept on the record when we start examining the new President, especially if he/she is a democrat, and how the economy is going. Supporters of the Bush economy are repeatedly talking about the recession Bush2 supposedly took over from the Clinton regime upon taking office - so I guess we'll see how it goes.
- Feb 12, 2000
- 10,652
- 39
- 48
- 51
What if the statement isn't all that true, though? It's a difference of opinion that redsfann and I have. No biggie. One of us will be proven wrong because we are on very opposite ends of opinion on this.
If you had to do it over again, would you be putting money in or taking money out of the market on January 1, 2000? Remember, on January 1, 2000 most people were getting high as a kite on the crack rock known as the stock market. EVERYBODY you met had a stock tip. Now everyone's stock tip is to get out fast.
My opinion is that we are in a timeframe now where we will look back and say, "Damn, I should have been buying US equities/US dollar!"
I'm not trying to call a bottom, but I think we are more in a buying time than a selling one on the US economy.
The statement is definitely arguable, I agree. The situation we are in now - and were in then - can be interpreted different ways, no doubt. Of course I have a more negative outlook on where we are than some who support Bush and his economic policies and political/policy decisions for the past few years. I'm far from an unbiased person.
I personally feel like the war in Iraq is a huge drain on our economy, and was elective by this administration. Therefore, if you are going to blame our current problems on 9-11, Katrina and two ongoing wars, then you have to take the responsibility for it, as well. [This is not directed at you, dawgball...it's just a pre-emptive strike against who I know will throw that up soon.]
I think if one looks at our current situation - record debt, trade imbalance, value of the dollar, emergency measures to bail out banks (who would have gladly sucked up all the money they could if the current situation had not happened, and this administration helped with policy positions) and an ongoing funneling of money to fight the elective war in Iraq...high prices for energy and gas...food prices, etc., you can't think it to be a positive situation. Personally, if you have enough money to invest or put money in certain inflation-fighting places, you can do ok. If you can't you won't. At least that's my opinion, FWIW.
I personally feel like the war in Iraq is a huge drain on our economy, and was elective by this administration. Therefore, if you are going to blame our current problems on 9-11, Katrina and two ongoing wars, then you have to take the responsibility for it, as well. [This is not directed at you, dawgball...it's just a pre-emptive strike against who I know will throw that up soon.]
I think if one looks at our current situation - record debt, trade imbalance, value of the dollar, emergency measures to bail out banks (who would have gladly sucked up all the money they could if the current situation had not happened, and this administration helped with policy positions) and an ongoing funneling of money to fight the elective war in Iraq...high prices for energy and gas...food prices, etc., you can't think it to be a positive situation. Personally, if you have enough money to invest or put money in certain inflation-fighting places, you can do ok. If you can't you won't. At least that's my opinion, FWIW.
By the way, to answer your question, I had moved a lot of my fluid investment money into gold and mining stocks before the market crashed, because the levels it was at just didn't make sense to me. Not because I was - or am - a visionary or a smart investor, it was more because I was happy with what had happened for my investments during the runup, and just thought it prudent to not think it would go on forever.
We need to lower corporate tax rates. Currently they are around 40% (per KPMG Corp. Tax rate survey), just behind Japan.
I would also be in favor of enacting the fair tax, though I'm not sure I'll see that in my lifetime.
I would also be in favor of enacting the fair tax, though I'm not sure I'll see that in my lifetime.
Last edited:
Spin Iwas just acknowledging intial post--on food banter:shrug:
#5 Biggest bank in the country disappears for pennies. The Fed doing some more juggling. What say you? Any words of wisdom today, like "putting food on your Family"
__________________
Your just getting back from hawaii--I'm headed to tunica for golf trip next week--don't think economy is hurting everyone too bad
Your just getting back from hawaii--I'm headed to tunica for golf trip next week--don't think economy is hurting everyone too bad
:mj07: :mj07:
Your just getting back from hawaii--I'm headed to tunica for golf trip next week--don't think economy is hurting everyone too bad
Well, it sure isn't currently helping me right now...the trip was far more expensive than it would have been a few short years ago - plane tickets really expensive due to fuel costs, gas prices upwards of $4 per gallon there, food costs plenty high, which can't currently all be blamed on local Hawaii costs.
And, I hardly think that you and I are exemplary measures of EVERYONE, now are we? If I had not chosen to live in a small town and aggressively pay down debt, then I would not be doing nearly as well as I am now. The economy certainly is not helpful to me right now, especially considering how much I have to drive every business day.
And you...you are probably just spinning off some of your oil company shareholder profits for your trip...:tongue
Despite my jabs...I hope you have a wonderful trip. Sounds like a good time.
Furthermore, the economy is DEFINITELY hurting the businesses and clients our company succeeds from. Some big advertisers are drastically cutting back - and dropping entirely - and many dependent on travel and outdoors stuff are hurting badly right now. REALLY badly. All of that could directly impact my situation in the near and long term.
:clap:
on a down note
(no help to Shammy)
Saw my accountant today, he said I did more total sales than last year. He also said things overall are going to get worse before they get better. According to him, too many people in too much debt.
Then he raised my future quarterly estimates.
