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All eyes are now on the 'fiscal cliff' which has been avoided by all people in elected office.
January is quickly approaching.
Yep, that's the big thing. Even EU considers the US automatic cuts etc aka "fiscal cliff" the biggest threat to global economy at this time. I hope the Congress and WH can come to an agreement for once.
Not that the stock market is ever rational, but shouldn't the hypothetical/imaginary future where Obama takes everyone's guns away be BAD for gun companies' estimated growth & futures?
well, obama isnt going to be serving a 3rd term. maybe he will be thinking he can make more EO's to outlaw certain types of firearms.
Neither Republicans nor Democrats (most of them anyway) have any interest in reducing debt. The reason so much money is spent on elections is because the returns are so high. What is a few billion dollars when trillions are at stake. Representatives are there to bring home the goods to their benefactors, which they do at our cost. The more money available, the more money to dish out to the chosen few. The reason the Ron Paul and Bernie Sanders are marginalized is because they really do want to put in policies that will reduce the deficits.
Obama never had a budget. His idea of bankrupting the country is his priority . To Obama , white men have profited too long around the world.His anti-colonial beliefs born in the core of his ideology and his spread the wealth around is to bring this country down economically to the point of no return. I give him credit. He is accomplishing his goal. Smart man and very powerful with winning for four more years. His help is from an evil entity that will shield his real agenda from the masses.
So you can't answer. Somehow that doesn't surprise me.
Answered and demonstrated. If you can't understand or won't, then that's on you and your failings. Doesn't surprise me in the least that you will continue to blame others for your failings and short comings.
The DOW, the S&P, NASDAQ relate to the relative health of the "corporate" economy who can no longer continue the mantra that they can't move forward b/c of uncertain points in the future.
It climbed during the great depression, showing that the "investor class" who were the ultra rich at that time made the most money. Unlike now, most American's during the great depression were NOT invested into the market. Making comparisons between then and now moot.
Consumer confidence is up 92%. And that does represent the economy, even as a lagging indicator.
Well you may want to prepare yourself based on CEO confidence, which is on the decline:
CEOs’ assessment of current economic conditions has grown more pessimistic, with just 9 percent stating conditions have improved compared to six months ago, down from 17 percent last quarter. Chief executives are also more negative in assessing their own industries. Now, just 14 percent of business leaders say conditions have improved, compared with 22 percent in the second quarter.
CEOs’ optimism about the short-term outlook has also declined. Currently, less than 12 percent of business leaders expect economic conditions to improve over the next six months, down from 20 percent last quarter. Expectations for their own industries are also more pessimistic, with just 15 percent of CEOs anticipating an improvement in conditions in the months ahead, down from 25 percent in the second quarter.
Nearly one-third of chief executives report scaling back on their companies’ capital spending plans since January of this year, while less than 10 percent have increased spending, based on a supplementary question asked each year in the third quarter. Last year, 22 percent of respondents had increased their capital spending plans and 23 percent had made cuts. A decline in sales volume is a major reason for cutting back on spending plans.
Certainly doesn't look like there is going to be much job growth/creation in the near future.
We the tax payer now own the debt that is buying up toxic assets through QE3.
We the tax payer own GM who has a huge loss in the stock market. We the tax payer are loaded with assets that are losses. Is this prosperity as we the tax payer hold the bag for every loss including Obama's pet projects in green energy? Obama is bankrupting you, your kids and generations to come. Four more years of grief and debt.
And we are paying the interest on that debt to the holders to the tune of what around 400 billion a year or some insane amount. The raping of America's wealth marches on.
Yep, that's the big thing. Even EU considers the US automatic cuts etc aka "fiscal cliff" the biggest threat to global economy at this time. I hope the Congress and WH can come to an agreement for once.
That fiscal cliff came into being because they couldn't come to an agreement.
And since that came into being they've done nothing about it.
But they've got about 50 days to get everything all fixed up.
No, I don't think they will fix it. I think they will come up with something else to put this off for another day.
Our government has become very good at kicking the can down the road and then forgetting it exists.
well, obama isnt going to be serving a 3rd term. maybe he will be thinking he can make more EO's to outlaw certain types of firearms.
But is that what everyone who's buying up gun stocks today is really thinking? It's just so odd, to the point of being amusing!
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