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The economy is not doing any better than it was in early 2009. All leading indicators point to stagnation and further erosion of the work force. In my opinion, the markets will go into another tail-spin this summer & fall...just my own opinion.
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Any links? Not that I don't believe you, just trying to blunt any of the naysayers for you
I'm not a real economy buff, but my understanding from different reading and such is pretty similar. Most people I've heard with knowledge seem to indicate the same and essentially say the current gains are inflated and unduly influence with the recent massive cash pumped into the system, which of course is not sustainable.
Any links? Not that I don't believe you, just trying to blunt any of the naysayers for you
I'm not a real economy buff, but my understanding from different reading and such is pretty similar. Most people I've heard with knowledge seem to indicate the same and essentially say the current gains are inflated and unduly influence with the recent massive cash pumped into the system, which of course is not sustainable.
I think that's a fair analysis PINY! I didn't post any links because, as I stated, it's just my opinion.
But if you look at the number of car dealerships closing and the most recent news that home values have declined another 20% all we're left with is the news that consumer confidence is up. That won't be sustainable.
I told my kids to move their 401K's into Gold & SIlver. The dorrar is aobut to be devalued as the printing presses at the fed get ramped up.
As I said BEFORE the election this administration will be the Carter administration on steroids. What a mess.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
but weren't the gains during the housing bubble and insurers also INFLATED? Without the bubble, we could have no burst.
Having the ability to read indications on this being slightly inflated is way better than having potential treasury secretaries telling us that we are "a nation of whiners" and almost all finaincial analysts telling me to invest in bear stearns etc?
Stimulating the economy has the effect of creating a false advance, but thats also th epoint of a stimulous. To inject currency, and free credit up....isn't it?
January 2nd(first trading day of year) it was at 9,034.
February 2nd it was at 7,936.
March 6th(the lowest) it was at 6,547.
April 1st it was at 7,761.
May 1st it was at 8,212.
Today as of 3:56 PM it is roughly at 8,451.
It's down for the year so far and really down from a year before(when it was an all time high). It's rising but it's not really gaining much.
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"As long as we have Belichick, I always think that we're going to be just fine."...Tom Brady, in reference to his coach.
“It is what it is, but it ain’t what you think.”...Brandon Spikes
but weren't the gains during the housing bubble and insurers also INFLATED? Without the bubble, we could have no burst.
Having the ability to read indications on this being slightly inflated is way better than having potential treasury secretaries telling us that we are "a nation of whiners" and almost all finaincial analysts telling me to invest in bear stearns etc?
Stimulating the economy has the effect of creating a false advance, but thats also th epoint of a stimulous. To inject currency, and free credit up....isn't it?
Governemnt 'stimilus' spending removes money from the private sector and inhibits growth over the long term. Short term gain long term pain. THe massive increase in spending we have seen (and we aren't even talking about the massive energy tax and the nationalized health care) will be brutal for the economy. Inflation will go way up and capital for job formation will be non existant since the gov will be borrownig everything that is out there....
Recipie for disaster.
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"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
Governemnt 'stimilus' spending removes money from the private sector and inhibits growth over the long term. Short term gain long term pain. THe massive increase in spending we have seen (and we aren't even talking about the massive energy tax and the nationalized health care) will be brutal for the economy. Inflation will go way up and capital for job formation will be non existant since the gov will be borrownig everything that is out there....
Recipie for disaster.
well, thats not at all what I'm asking, but thanks Nostradamus!
What I'm asking is if its better to be blindsided by the illusion of a strong financial system, or to understand that its inflated because of an injection by the government?
either way, I understand peeps like PF13 and myself will b!tch....
Last edited by Holy Diver; 05-26-2009 at 03:20 PM..
well, thats not at all what I'm asking, but thanks Nostradamus!
What I'm asking is if its better to be blindsided by the illusion of a strong financial system, or to understand that its inflated because of an injection by the government?
either way, I understand peeps like PF13 and myself will b!tch....
The illusion is only as good as the confidence of the buyers...if things are looking good things will be fine in the economy.
Things went downhill fast in 2001 with the fraud based companies going under...the market rebounded and was higher than ever before the housing funded financial companies started to go under. Once bad news turns into consistent good news things will begin to get better.
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"As long as we have Belichick, I always think that we're going to be just fine."...Tom Brady, in reference to his coach.
“It is what it is, but it ain’t what you think.”...Brandon Spikes
I'm with PR. The employment data is extremely scary.
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
Don't be fooled by the stock market advances!
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