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Old 03-06-2013, 08:35 PM
 
10,494 posts, read 24,494,514 times
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This is the title the newest headline on CNBC. I do not believe it for a minute, but now I am starting to feel like I live in 2 alternate universes. Can't the main stream media make up their mind? One day sequestration is going to cause a recession, then it happens, and now this.....

Finally! Economic Recovery Is Starting to Pick Up Steam

I can't take it anymore.
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Old 03-06-2013, 09:10 PM
 
Location: US
22,492 posts, read 21,346,113 times
Reputation: 17607
That's why I never let these "distractions" stop me from my investments.
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Old 03-06-2013, 09:13 PM
 
4,130 posts, read 4,091,239 times
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The media is not a single voice. It's a number of people with differing opinions.

One person being unable to cope with the fact that people have different opinions, and have the freedom to express them, that's not the fault of everyone else in the world. The world is a complex place that requires knowledge and critical thinking to deal with. Lacking that causes a problem when there is more then one opinion floating around.
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Old 03-06-2013, 09:15 PM
 
19,346 posts, read 17,024,390 times
Reputation: 7519
Quote:
Originally Posted by las vegas drunk View Post
This is the title the newest headline on CNBC. I do not believe it for a minute, but now I am starting to feel like I live in 2 alternate universes. Can't the main stream media make up their mind? One day sequestration is going to cause a recession, then it happens, and now this.....

Finally! Economic Recovery Is Starting to Pick Up Steam

I can't take it anymore.
The economy has recovered as a whole but with a large redistribution. Its like Rome where some 25% of the citizens sold themselves into slavery. The remaining citizens report their wealth has increased and that slaves are plentiful.
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Old 03-06-2013, 09:34 PM
 
Location: Metro Detroit, Michigan
18,194 posts, read 16,634,525 times
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Those that earn the bulk of their income from investment vehicles saw a massive recovery. The rest saw their pay stagnate/sink, and employment opportunities are looking rather shallow. There's your wealth redistribution
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Old 03-06-2013, 09:35 PM
 
48,508 posts, read 88,808,984 times
Reputation: 18192
Some things are like markets but its driven by cut in lbor they have made and on FED liquidity. Of course hosuing has pciked upo since rates are dso low and investors are buying up many foreclosed homes because they can make more money that other investemnts.But look at last week when market interpreted the FED minutes as possible raly end to QE feedig the markets cheap money;it dropped immediarely.The econmy is still on life support with very slow growth and really not near enough jobs created to support the new people enterig the job market each eayr.The at about 40% of workig age adults droppi g out of lokig for jobs for vasious reasons it agian shows a real problem in people just giving up looking.Whe FED quits stimulatig the markets by letting rates seek their won level the we will see things chnage if no fundamental have changed.
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Old 03-06-2013, 10:23 PM
 
5,507 posts, read 9,708,355 times
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Quote:
Originally Posted by andywire View Post
Those that earn the bulk of their income from investment vehicles saw a massive recovery. The rest saw their pay stagnate/sink, and employment opportunities are looking rather shallow. There's your wealth redistribution
Anyone who kept their investments and didn't sell have seen a very nice recovery percentage wise no matter how much money you had invested.
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Old 03-07-2013, 12:46 AM
 
Location: NJ
18,668 posts, read 18,165,264 times
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Quote:
Originally Posted by gwynedd1 View Post
The economy has recovered as a whole but with a large redistribution.


It is no longer 2008. Things are much better. It is rough on most of the 8 million fired during the Great Recession, as those jobs, 90% plus of them, are simply never coming back. But corp revenue, profits, bonuses, are mostly higher than before the Great Recession.
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Old 03-07-2013, 03:21 AM
 
5,617 posts, read 14,362,432 times
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Quote:
Originally Posted by andywire View Post
Those that earn the bulk of their income from investment vehicles saw a massive recovery. The rest saw their pay stagnate/sink, and employment opportunities are looking rather shallow. There's your wealth redistribution
your right.
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Old 03-07-2013, 05:06 AM
 
4,661 posts, read 3,253,384 times
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Don't forget about the $556 Billion that retail investors have pulled from the markets since October 2007. $32 Billion flowed back in in January. If that continues we may be in for a good year. Looking out any further than that is fruitless.
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