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.
Ken..your opinion on where we are going is all fine and good. But that's your opinion and you've held steady for over a year on that.
Please respect other's opinions on where we think this is going.
You can feel free to think where this is going - but when you mis-represent the FACTS to try and claim that the statistics are unchanged in a year then I'm going to call you on it. Yes - some of the numbers are the same as they were a YEAR ago - but that DOESN'T mean nothing has changed over that time. The fact is, the unemployment rate PEAKED in October (both the U-3 AND the U-6) and has dropped since then. Like in all recoveries there will be temporary reversals of some of the numbers, but the TREND is now towards IMPROVEMENT in those numbers.
Wall Street does not necessarily equate to Main Street.
Plenty of these multinationals are making very good profits from their foreign sales. I'm in the market for trading purposes, not long term investment.
But a good day on Wall Street does not mean all is well on Main Street.
You sound like a socialist. Whatever happened to trickle down economics a.k.a Reaganomics....you know....the mantra that what's good for Wall Street is good for Main street?
DUH!
That's the kind of thing that happens in a RECESSION.
Did ANYONE here say we didn't have a RECESSION?
I got news for you, we dropped into recession in December of 2007.
Ken
Enough Ken. You called bottom in March 2009...and I think you were wrong..ok ? I don't see a bottom yet..not with commercial RE in trouble and sovereign nations in trouble.
We hit bottom when all the cards are on the table and we know where we stand.
One monthly BLS report just doesn't cut it for me.
You sound like a socialist. Whatever happened to trickle down economics a.k.a Reaganomics....you know....the mantra that what's good for Wall Street is good for Main street?
Not when the profits are made from foreign sales. Don't you read the annual reports of the companies you buy ?
US sales are NOT driving profits. There's nothing socialist about that.
The trickle down is leaving the shores in case you haven't noticed.
Wall Street does not necessarily equate to Main Street.
Plenty of these multinationals are making very good profits from their foreign sales. I'm in the market for trading purposes, not long term investment.
But a good day on Wall Street does not mean all is well on Main Street.
Main Street is looking up too.
"U.S. corporate borrowers amassed the most cash relative to debt on record through the fourth quarter and will likely preserve cash levels this year, supporting corporate bonds, Morgan Stanley said on Friday.
...
Morgan Stanley's report was based on fourth quarter results from over 200 nonfinancial, investment-grade U.S. companies."
News Headlines (http://www.cnbc.com/id/35729994 - broken link)
You can feel free to think where this is going - but when you mis-represent the FACTS to try and claim that the statistics are unchanged in a year then I'm going to call you on it. Yes - some of the numbers are the same as they were a YEAR ago - but that DOESN'T mean nothing has changed over that time. The fact is, the unemployment rate PEAKED in October (both the U-3 AND the U-6) and has dropped since then. Like in all recoveries there will be temporary reversals of some of the numbers, but the TREND is now towards IMPROVEMENT in those numbers.
Ken
I didn't misrepresent any facts..they were cut and pasted from the report itself. We have almost 6 million on extended unemployment that everyone seems to forget about.
An alternative definition of recession is when the economy is growing lower than the population growth and productivity growth added together. By that definition we haven't recovered from the 2001 recession yet. You will see the unemployment rate hold steady for a long time. The reason is that they seasonally adjusted out a lot of unemployment. So what you have adjusted out has to be adjusted back in before you can drop the numbers.
An alternative definition of recession is when the economy is growing lower than the population growth and productivity growth added together. By that definition we haven't recovered from the 2001 recession yet. .
So by your alternative definition, an alternative fix to recession is to kill off as many people as we can, that way population growth is slowed.
Are you opposed to trade with other countries? If so, you must be a socialist. That's not according to me. That's according to the Republican party.
No matter what I post "I must be a socialist".
No sorry..not a socialist and not a Republican either.
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.
