Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Sub prime hurt bad, but non financial cops suffered too, as they were easy prey due to inefficiency. Notice when they cut 8 million josb corps did not stop functioning, which demonstrated most of those jobs should never have been created. How many trillions over how many years were lost due to over-staffing?
It's an example to show you that, no matter how "safe" you think you are, you ultimately are not.
Let's take a trip back to 1959:
We arrive in the land of malts, drive in theaters, and suburbs. Reigning supreme is General Motors. Like a mighty king it rules the land as the largest corporation in the world and it is supported by its cohorts International Harvester and AT&T.
We arrive back in 2007:
GM is a husk of what it used to be. Years of pension obligations and competition from Japan have left it hemorrhaging money and near collapse. International Harvester was broken apart decades ago and AT&T was absorbed by its former piece.
These companies go through life cycles. On a larger scale the market itself experiences the same thing. If you break the market into ~17 year cycles you will notice secular patterns. 1947-1964 was a secular bull, 1965-1982 was a secular bear, 1982-2000 was a secular bull, 2000-(I say 2017) is a secular bear. This bull market is merely cyclical. The valuations are too high for this to be a secular bull and it is far too soon.
Last edited by Glenn Miller; 02-09-2015 at 10:32 PM..
Approximately five million job openings as of December. The rate was 3.6, up from 2.7 in January 2014. That's a 29.6% increase, the best on available record.
Series Id: JTS00000000JOR
Hires rate at 3.7.
Series Id: JTS00000000HIR
Quits rate at 1.9
Series Id: JTS00000000QUR
We've been hearing it for years, how the economy is in shambles because of this great President. The GOP candidate in the last presidential election made this a focal point of his campaign to sucker in support. He criticized President Obama and predicted doom. Well, President Obama is right and the economy is doing great. Time for Republicans to change their strategy, because like everything else they do, it doesn't work. Can you Republicans admit that you were wrong?
And here I thought I was going to thank the House because the so called obstructionism that stopped some of the President's plans was responsible for things looking better.
Two years ago, the struggling economy was all on Obama. Now that it's improving rapidly, Congress gets the credit? How shameless are you people? Then you have right-wingers who insist the economy is still in the crapper:
You guys are all over the place.
Why shouldn't a bunch of individuals have different opinions
Quote:
Let's find a middle ground, Ok? The economy is turning around, and the GOP had absolutely nothing to do with.
...
These companies go through life cycles. On a larger scale the market itself experiences the same thing. If you break the market into ~17 year cycles you will notice secular patterns. 1947-1964 was a secular bull, 1965-1982 was a secular bear, 1982-2000 was a secular bull, 2000-(I say 2017) is a secular bear. This bull market is merely cyclical. The valuations are too high for this to be a secular bull and it is far too soon.
My pick is 1/2 oz of gold to buy the DOW in 2017. Take your pick on how you get there gold way up or the DOW way down or somewhere in between.
We've been hearing it for years, how the economy is in shambles because of this great President. The GOP candidate in the last presidential election made this a focal point of his campaign to sucker in support. He criticized President Obama and predicted doom. Well, President Obama is right and the economy is doing great. Time for Republicans to change their strategy, because like everything else they do, it doesn't work. Can you Republicans admit that you were wrong?
Glenn Miller, The US today is making more cars here than ever before. I'm delighted the oligopoly (GM/Ford?Chrysler) fell, as we buy better cars than ever, and auto corps are now run far better than ever. No more worrying about buying cars made by Hung Over D3 bums on Monday ,while still drunk. No more $73 wage/bene levels for sweeping the floor.
Today those who compete well in auto mfg win. As I wish it had been 50 years ago.
Except you seem to be forgetting that income mostly rose for the 1% and the majority of jobs added were low wage jobs.
And the majority of jobs went to "immigrants" not Americans.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
