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Question: If the price of everything comes down, is that good for the economy?
In today's news;
Wholesale prices in record plunge
"NEW YORK (CNNMoney.com) -- Wholesale prices fell by a record amount in October as energy costs continued to decline, government figures showed Tuesday.
The Labor Department's Producer Price Index (PPI) decreased 2.8% in October, after easing 0.4% in September. It was the sharpest one-month decline on record and much more than the 1.8% decline that economists surveyed by Briefing.com had expected."
It is so easy for us to look at everything through our own eyes and say "Of course this is good!"...but the fact is, it's not good for the economy ESPECIALLY if it continues.
As the price of everything comes down, so do earnings and profits. With reduced earnings and profits come layoffs and crashing stock market and most of all, as the price of everything comes down, so too does the GDP.
As you all know, this is the potential deflation scenario we are facing. If it happens, it's not good. If you need proof just consider that the last time it happened in the US we were in the middle of a DEPRESSION.
Last edited by PatriotsReign; 11-18-2008 at 09:22 AM..
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Re: Question: If the price of everything comes down, is that good for the economy?
If the price of oil keeps going down it could work in favor of OPEC. Americans will not see the need to develop energy alternatives and thus keep them in control of our future. The American people need to realize we are transferring our wealth to our enemies. You have China/Wal-Mart on one side and the OPEC Nations including Russia on the other.
Re: Question: If the price of everything comes down, is that good for the economy?
Quote:
Originally Posted by Born_a_Patriot
If the price of oil keeps going down it could work in favor of OPEC. Americans will not see the need to develop energy alternatives and thus keep them in control of our future. The American people need to realize we are transferring our wealth to our enemies. You have China/Wal-Mart on one side and the OPEC Nations including Russia on the other.
Keep our fingers crossed....I think Obama and his advisors see the importance or re-building our infrastructure. You're right, we have to stop dollars from pouring out of this country and the only way to do that is to become a nation of producers once again.
With our technological advantages, we have the tools. We just need a leadership that stays focused on the target and never, ever loses sight of it.
Just think about all the technology we have from our weapons manufacturers and space exploration sciences. It boggles my mind that this stuff hasn't leaked over to the private sector more than it has.
Re: Question: If the price of everything comes down, is that good for the economy?
Quote:
Originally Posted by PatriotsReign
Keep our fingers crossed....I think Obama and his advisors see the importance or re-building our infrastructure. You're right, we have to stop dollars from pouring out of this country and the only way to do that is to become a nation of producers once again.
With our technological advantages, we have the tools. We just need a leadership that stays focused on the target and never, ever loses sight of it.
Just think about all the technology we have from our weapons manufacturers and space exploration sciences. It boggles my mind that this stuff hasn't leaked over to the private sector more than it has.
It was announce last night that China has hundreds of front companies in the U.S. to steal Aerospace Technology.
Quote:
China is still after U.S. missile and rocket technology, federal law-enforcement officials said, whether it's from NASA or new fledgling commercial aerospace companies, because the technology can be adapted for military uses.
Quote:
"We have had so many Chinese space and military technology cases, it's crazy," said Dean Boyd, spokesman for the Justice Department's National Security Division. "Space is part of China's military modernization plans, so we have had collection efforts targeted at space, aerospace and military technology."
Re: Question: If the price of everything comes down, is that good for the economy?
Quote:
Originally Posted by Born_a_Patriot
...The American people need to realize we are transferring our wealth to our enemies...
That's ok, they mostly transfer it all back anyway. Saudi Arabia has three things, oil, sand and really angry people. They have to buy almost everything else from some other country.
There's something to be said about just screaming through every drop of oil on the planet until its all gone. When that happens two things will result. 1)America will move on, and 2) the oil producing countries of the world will go back to using sand for toilet paper.
Re: Question: If the price of everything comes down, is that good for the economy?
Quote:
Originally Posted by sdaniels7114
That's ok, they mostly transfer it all back anyway. Saudi Arabia has three things, oil, sand and really angry people. They have to buy almost everything else from some other country.
There's something to be said about just screaming through every drop of oil on the planet until its all gone. When that happens two things will result. 1)America will move on, and 2) the oil producing countries of the world will go back to using sand for toilet paper.
I think you are severely underestimating them. And their motivations
Question: If the price of everything comes down, is that good for the economy?
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