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rts551
Elite Nomad
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Facts: stock market hit a record; housing Prices have come back and the building industry has rebounded, unemployment % has come down, interest
rates at all time lows, ETC. What a crock some of you are espousing in this thread. You should be taking advantage of it, investing, getting a
job...not crying and whining.
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David K
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Unemployment is unchanged from 4 years ago.
The stock market will correct itself... with everywhere else in the economy, playing the stocks are the only way the 2%ers can make money. It's not
real and will come back down.
I have had a little work in my business, not enough (as you can tell by when I am here, lol), I have applied to work other places without success,
yet.
My hair J.P.? I get a buzz, #3, cost me $6 + a 33% tip. Who is Bo?
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J.P.
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| Quote: | Originally posted by David K
Unemployment is unchanged from 4 years ago.
The stock market will correct itself... with everywhere else in the economy, playing the stocks are the only way the 2%ers can make money. It's not
real and will come back down.
I have had a little work in my business, not enough (as you can tell by when I am here, lol), I have applied to work other places without success,
yet.
My hair J.P.? I get a buzz, #3, cost me $6 + a 33% tip. Who is Bo? |
The Obama Dog.
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rts551
Elite Nomad
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despite what the extremist radio and television talk shows say, there is a lot of good news out there....for example the stock market is not
correcting, it just doubled in value across the spectrum since the melt down of 2008. Doubled to an all time high. some one is making money...ie
the stocks represent business
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J.P.
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| Quote: | Originally posted by J.P.
| Quote: | Originally posted by David K
Unemployment is unchanged from 4 years ago
_______________________________________________
My step son lost his job and his house about 4 years ago. he's about your age. he's had 2 jobs since and is making more money than before. Things
were hard for him. He even sold his beloved Harley and used the money to retrain.
that's TOTAL B. S. that's Unemployment is unchanged. Theres work for those WILLING to work.
[Edited on 3-6-2013 by J.P.] |
[Edited on 3-6-2013 by J.P.] |
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Bajaboy
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Posts: 4375
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Location: Bahia Asuncion, BCS, Mexico
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| Quote: | Originally posted by rts551
despite what the extremist radio and television talk shows say, there is a lot of good news out there....for example the stock market is not
correcting, it just doubled in value across the spectrum since the melt down of 2008. Doubled to an all time high. some one is making money...ie
the stocks represent business |
I agree completely. I left my money in the market and in fact started investing in a Real Estate Portfolio fund....only made sense to me...real
estate was on sale big time...still is. So instead of whining and pointing fingers, I looked for opportunities.
Much of the whining I hear today reminds me of the 90s. I owned a few gourmet coffee stores and all I heard on the news was doom and gloom. Well
finally people started feeling more confident and things changed for the better.
A number of people here say we need to cut taxes but two seconds later complain that not enough people are paying taxes? Which is it? And I wonder
how many of those making noise here are actually paying Federal income taxes?
For those that want to whine, it's time to look in the mirror and accept some responsibility for your own destiny
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Ateo
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I agree with Bajaboy and rts551. Thanks for stating what I'm thinking. To those against, let's go eat a taco and relax. San Felipe sound good?
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Wally
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| Quote: | Originally posted by rts551
Facts: stock market hit a record; housing Prices have come back and the building industry has rebounded, unemployment % has come down, interest
rates at all time lows, ETC. What a crock some of you are espousing in this thread. You should be taking advantage of it, investing, getting a
job...not crying and whining. |
Facts do not lie:
On 10.11.2007 we had:
Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
USDJPY: Then 117; Now 93
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares
low information voter...
[Edited on 3-6-2013 by Wally]
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CortezBlue
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| Quote: | Originally posted by Bajaboy
| Quote: | Originally posted by CortezBlue
| Quote: | Originally posted by Bajaboy
| Quote: | Originally posted by CortezBlue
It's a scare tactic to get everyone up in arms. But regardless, with SENTRI, if my time in line doubles it will still only be, maybe, a 20 mintue
wait time |
Scare tactic? Please explain...especially if you came up with this idea all by yourself |
Well it is hard to have a battle of wits with an unarmed army!
So with that, I think you are correct, I would stay far away from the border, stay at home and read the Huffington Post and bathe yourself in the glow
of the warmth of the internet knowing the end is near. |
Actually, I just confirmed the reduction of hours with my friend who works border patrol at SY. Boo |
Like I said, I think you should stay home, it is obvious that you are not prepared for the government shut down and the mass devistation that will
happen! 
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Bajaboy
Ultra Nomad
Posts: 4375
Registered: 10-9-2003
Location: Bahia Asuncion, BCS, Mexico
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| Quote: | Originally posted by CortezBlue
| Quote: | Originally posted by Bajaboy
| Quote: | Originally posted by CortezBlue
| Quote: | Originally posted by Bajaboy
| Quote: | Originally posted by CortezBlue
It's a scare tactic to get everyone up in arms. But regardless, with SENTRI, if my time in line doubles it will still only be, maybe, a 20 mintue
wait time |
Scare tactic? Please explain...especially if you came up with this idea all by yourself |
Well it is hard to have a battle of wits with an unarmed army!
So with that, I think you are correct, I would stay far away from the border, stay at home and read the Huffington Post and bathe yourself in the glow
of the warmth of the internet knowing the end is near. |
Actually, I just confirmed the reduction of hours with my friend who works border patrol at SY. Boo |
Like I said, I think you should stay home, it is obvious that you are not prepared for the government shut down and the mass devistation that will
happen! |
Were you home-schooled?
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SFandH
Elite Nomad
Posts: 7084
Registered: 8-5-2011
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WASHINGTON, March 5, 2013 /PRNewswire-USNewswire/ --
"DHS has singled out Border Patrol agents to receive by far the largest financial penalty of any other group of federal workers. The plan DHS has
chosen for Border Patrol agents will mean a 35 percent decline in their paychecks for the rest of the fiscal year and beyond."
Link
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DENNIS
Platinum Nomad
Posts: 29510
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| Quote: | Originally posted by whistler
David,you are wrong!Obama did not stop White House tours altogether.Only if you don't have$500,000!! |
I wonder how much it costs to sleep in Lincolns bed since the movie?
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rts551
Elite Nomad
Posts: 6699
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| Quote: | Originally posted by ridge
| Quote: | Originally posted by rts551
Facts: stock market hit a record... |
Stock market didn't hit a record. You need to HONESTLY adjust
for inflation to arrive at the true number that is the equivalent today of the old record then. | Quote: | Originally posted by Wally...On 10.11.2007 we had:
Dow Jones Industrial Average: Then 14164.5; Now 14164.5
Regular Gas Price: Then $2.75; Now $3.73
GDP Growth: Then +2.5%; Now +1.6%
Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
Americans On Food Stamps: Then 26.9 million; Now 47.69 million
Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
US Deficit (LTM): Then $97 billion; Now $975.6 billion
Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
US Household Debt: Then $13.5 trillion; Now 12.87 trillion
Labor Force Particpation Rate: Then 65.8%; Now 63.6%
Consumer Confidence: Then 99.5; Now 69.6
S&P Rating of the US: Then AAA; Now AA+
VIX: Then 17.5%; Now 14%
10 Year Treasury Yield: Then 4.64%; Now 1.89%
USDJPY: Then 117; Now 93
EURUSD: Then 1.4145; Now 1.3050
Gold: Then $748; Now $1583
NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares... |
If you'd like to
take a stab at a DISHONEST adjustment, click here.
I suppose you could argue that the official US .gov number is real(as long as you don't eat or drive), or you might consider that it is crooked as a dog's hind leg.
Using the BLS official ~~1.5% inflation, I get DOW around 15,500 today.
What is the REAL number using Shadow Stats? |
You can cut it any way you like.
I am happy as are a lot of other people. Lot better than 5 years ago.
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MitchMan
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Dow not necessarily a good measure as to how US businesses are doing on things that contribute to the GDP. Much of the record profits comes from
multinational companies that get over 45% of their revenues overseas, low costs capital due to low interest rates, lower costs of labor due to high
unemployment and weak to non-existant collective bargaining, existing corp tax breaks, availability of more and more tax exempt state and local bonds
as a holding place for the exess cash held on hand by business, continually growing worker productivity, and taxing cap gains and dividends and other
passive income at half the tax rates of the wage earner all lead to higher profits and profit retention.
Big profits do not necessarily mean a booming economy at home, nor does it indicate that Main Street is doing all that well.
To me, a meagerly growing GDP (or even a robustly growing GDP) taken together with high corporate profits does not mean a "good" economy if it doesn't
coincide with working class compensation and wealth growing at the same or at least similar pace as the creation of wealth and increase in incomes for
the economy as a whole. To me a good economy is one where the gains by the economy are reflected more in the growth of compensation and growth of
wealth for the working class in much better proportions than they have been, especially lately.
An economy where working class incomes are stagnant and working class wealth has stagnated or deteriorated and where the vast majority of the
increases in incomes and wealth are primarily at the top few percentiles, to me, is not a healthy economy, and that's what we have.
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David K
Honored Nomad
Posts: 64760
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MitchMan, you seem very wise. Can you see a correction coming to the market? Is now the time to sell for anyone who had lost big time the past 6 years
as it is close to being back where it was before the dark times came to the economy here?
My in laws lost so much of their retirement with the market crash... it would be really terrible if they had an opportunity to change their stocks to
something else at this time, and waiting too long.
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Sandlefoot
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Registered: 10-31-2011
Location: La Paz
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| Quote: | Originally posted by MitchMan
Dow not necessarily a good measure as to how US businesses are doing on things that contribute to the GDP. Much of the record profits comes from
multinational companies that get over 45% of their revenues overseas, low costs capital due to low interest rates, lower costs of labor due to high
unemployment and weak to non-existant collective bargaining, existing corp tax breaks, availability of more and more tax exempt state and local bonds
as a holding place for the exess cash held on hand by business, continually growing worker productivity, and taxing cap gains and dividends and other
passive income at half the tax rates of the wage earner all lead to higher profits and profit retention.
Big profits do not necessarily mean a booming economy at home, nor does it indicate that Main Street is doing all that well.
To me, a meagerly growing GDP (or even a robustly growing GDP) taken together with high corporate profits does not mean a "good" economy if it doesn't
coincide with working class compensation and wealth growing at the same or at least similar pace as the creation of wealth and increase in incomes for
the economy as a whole. To me a good economy is one where the gains by the economy are reflected more in the growth of compensation and growth of
wealth for the working class in much better proportions than they have been, especially lately.
An economy where working class incomes are stagnant and working class wealth has stagnated or deteriorated and where the vast majority of the
increases in incomes and wealth are primarily at the top few percentiles, to me, is not a healthy economy, and that's what we have.
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It is sooooo refreshing to see some one that accually understands the influences of how our economy works!!!! There are so many things that are
"outside" influences that are not accredited, nor understood. Thank you for the clearity. Most complete assessment I have heard.
Happy Trails
[Edited on 3-6-2013 by Sandlefoot]
" Don't find fault, find a remedy; anyone can complain." Henry Ford
If you are not living on the edge...you are taking up to much space!
Just because it may not be a good idea does not mean it will not be fun!!!
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MitchMan
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Predicting when the market will do what in the short term is nearly impossible to predict. I think a person can make good
predictions of outcomes for estimated periods of time over the long term, but there could be so many market vacillations over that period that taking
current market investment actions is always very risky, especially at market all time highs.
I have dabbled in the equity and currency markets and studied market fundamentals and technicalities but it never became a sure thing...or even
anything close to a sure thing. I think it is easier to predict how the economy will do over time than what the market will do in the short term.
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Barry A.
Select Nomad
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Location: Redding, Northern CA
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Mood: optimistic
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| Quote: | Originally posted by MitchMan
Predicting when the market will do what in the short term is nearly impossible to predict. I think a person can make good
predictions of outcomes for estimated periods of time over the long term, but there could be so many market vacillations over that period that taking
current market investment actions is always very risky, especially at market all time highs.
I have dabbled in the equity and currency markets and studied market fundamentals and technicalities but it never became a sure thing...or even
anything close to a sure thing. I think it is easier to predict how the economy will do over time than what the market will do in the short term.
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All said here is reasonable, and understandable. But what is the alternative to being "in the Market" if you want to be exposed to historical gains
that are really quite good? (+7 to 10% annual) Long-term, Stocks have done quite well, historically, and I don't see anything else that has produced
more wealth than the Stock Market, other than illusive and niche Real Estate, which I will argue is even more difficult to predict than the Stock
Market.
Still, MitchMan does make good points, and is worth listening too.
Barry
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David K
Honored Nomad
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Thank you MitchMan!
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JoeJustJoe
Banned
Posts: 21045
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Mood: Mad as hell
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Does anybody have any new actual reports on the border delay?
I heard it was something like 4 or 5 hours by car, and 2 hours walking a few days ago along the US/Mexico border.
I guess there is a website and phone number I could call to get the information I need.
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