Are you worried about the economy?

[titsrock]

Gas is starting to rise to near $4.00/gallon here in Cali. I've seen Diesel at $4, Premium at $3.75, Plus $3.65, Regular at $3.55...and we still have a L O N G time until Spring arrives????

This economy is nearing total collapse ever week. Someone tell Bernanke that rate cuts aren't doing shit. Stop them. Try something else.

When was the worst US economy in the last 40 years...was it 1981-1983? Is there any chance we can get rid of Bush/Cheney and install Obama in 1600 Pennsylvannia Ave NOW? I don't know if our country can stomach another 10 months og George Bush's dumbassery...

 

[negator]

it's time to revisit the stagflation dillemma: (a dollar short)
http://en.wikipedia.org/wiki/Stagflation#The_stagflation_dilemma

 

[AFA]

I see the Dow was down 355 before the close.

 

[Civickiller80]

In Canada I'm worried that the Canadian dollar keeps on rising as of right now $1 is worth $1.01447USD....thats not good, sure we get more buying power but we can and may lose manufacturing jobs to other Countries....also in Canada house price keep on raising in the past 10yrs the average price of a Canadian home increasing by substantial amounts.... http://torontosun.canoe.ca/Money/Columnists/Leatherdale_Linda/2008/02/22/4867293.html

The unemployment rate is low but is a false low due to many temp agency employment agencies, who hire employees for small amounts of time and the employees do not claim unemployment benefits thus bringing the unemployment numbers down...not enough consistent full-time jobs are being created, in Ontario many car/auto production plants are laying off employees....

 

[AFA]

The unemployment rate is low but is a false low due to many temp agency employment agencies, who hire employees for small amounts of time and the employees do not claim unemployment benefits thus bringing the unemployment numbers down...not enough consistent full-time jobs are being created, in Ontario many car/auto production plants are laying off employees....

Yes, I've been saying that for years the figures are falsely low. I know Alan Greenspan has made repeated statements about not lowering interest rates on TV interviews and in his book, and this is now some of the damage with currency rates moving sharply against the dollar. It was also brought out that past trade imbalances are owed to China and Japan of close to $2B. An author of a book I read made the point if they want to call that in, all hell will break lose.

An aut

 

[negator]

it's all false. the dollars, that is.
the accountants are keeping two books.
http://www.youtube.com/watch?v=0EZeNulOz9E

 

[negator]

dig it. then put some rocks on top.

"EUROPE
US depression prompts plunge

Mon, 03 Mar 2008

European stock markets closed sharply lower on Friday as weak US data and comments from the US central bank chief sparked fresh concerns that the world's biggest economy is falling into recession."

http://business.iafrica.com/markets/market_report/166158.htm

 

[negator]

next year, when some new (or old) yahoo is driving the train, what can we look forward too? the soviets would just slather more shiny paint on the rusting hull. are we there yet?

free-marketeers and libertarians, this is for you:

Presidents Can't Manage the Economy
"The candidates see the global economy as an arena in which countries compete against one another — an economic Olympiad with winners and losers. Politicians love to promise they will keep America No. 1, as if that matters in a worldwide marketplace. "
http://abcnews.go.com/2020/story?id=4316776&page=1

 

[titsrock]

One thing that may have to happen, in order to actually pump life into our economy, is for interest rates to be raised, in order to spark "global" interest in our economy.

If Bernanke the idiot actually started raising interest rates...Wall Street would drop a giant turd, but it would force Americans to "rein in their credit," save money, stop spending, tighten budgets, and attract foreigners (cough cough China)...to buy our TNotes until broad economic indicators (namely gas and housing) return to normal levels.

I get the feeling that Bernanke is just doing whatever he can to keep our Economy on life support until a new President gets elected, fires him, and hires someone else to steer our sinking ship....

 

[negator]

thought for food

"Many analysts expect consumers to keep paying more for food. Wholesale food prices, an indicator of where supermarket prices are headed, rose last month at the fastest rate since 2003, with egg prices jumping 60 percent from a year ago, pasta products 30 percent, and fruits and vegetables 20 percent, according to the Labor Department."

http://www.boston.com/business/pers...08/03/09/surging_costs_of_groceries_hit_home/

 

[Blink]

"Those who cannot remember the past are condemned to repeat it."

-- George Santayana

 

[AFA]

thought for food

"Many analysts expect consumers to keep paying more for food. Wholesale food prices, an indicator of where supermarket prices are headed, rose last month at the fastest rate since 2003, with egg prices jumping 60 percent from a year ago, pasta products 30 percent, and fruits and vegetables 20 percent, according to the Labor Department."

http://www.boston.com/business/pers...08/03/09/surging_costs_of_groceries_hit_home/

Well, I've been saying this and people make jokes. Maybe Mom buys them dinner and packs their lunchboxes and they don't care as long as video games don't go up by the same amount which they surely will. A jump in eggs, milk, bread or a 40% increase in the $1 price of a pound of pasta isn't so laughable or cheap sounding when you realize that your $400 monthly food bill just went up to $640 and you are paying twice for gas you did 5 years ago, while paying off a mortgage that will readjust on a house worth half what you paid.

 

[negator]

Well, I've been saying this and people make jokes. Maybe Mom buys them dinner and packs their lunchboxes and they don't care as long as video games don't go up by the same amount which they surely will. A jump in eggs, milk, bread or a 40% increase in the $1 price of a pound of pasta isn't so laughable or cheap sounding when you realize that your $400 monthly food bill just went up to $640 and you are paying twice for gas you did 5 years ago, while paying off a mortgage that will readjust on a house worth half what you paid.

well, stock up on canned goods if you can. just double-up if you can afford it, because it'll go up again next month.
of course it's the perishables that are rising fastest. raise your own food? community garden? chickens? all viable options (for some).
the really bloody, vexing pisser is: when the fed calculates inflation, they don't figure in food pricing. why not?
they are in need of an audit.

i could do it,

with about 50 bucks worth of gasoline.

 

[Facetious]

Gas is starting to rise to near $4.00/gallon here in Cali. I've seen Diesel at $4, Premium at $3.75, Plus $3.65, Regular at $3.55...and we still have a L O N G time until Spring arrives????

This economy is nearing total collapse ever week. Someone tell Bernanke that rate cuts aren't doing shit. Stop them. Try something else.

When was the worst US economy in the last 40 years...was it 1981-1983? Is there any chance we can get rid of Bush/Cheney and install Obama in 1600 Pennsylvannia Ave NOW? I don't know if our country can stomach another 10 months og George Bush's dumbassery...

So in the grand scheme of of things, everything is just fine, right ? Your political ends will, in all likelihood, be met . . . (in ten months).

:whatsamattaforyou?:

 

[negator]

:whatsamattaforyou?:

shirley, you're being facetious. didn't you know that tha prez is gonna fix that 'conomy?

"don't you realize that the tighter your grasp, the more that will slip through your fingers?"
-princess leia

c'mon bernanke, even carrie fisher knows that this boom-bust cycle just gets more wobbly every time you touch it. it's like adjusting a pendulum made out of snot, from the nose end.

:fuggettaboudditt:

 

[AFA]

I went outside to look for the space shuttle in a rare night launch 20 minutes ago, and the overseas market updates were on. Hang Seng was down 300 points, and there was a lot of other red I caught while waiting.

Dow was well below 12k yesterday.

 

[Dean Wormer]

Buying opportunities will be abounding soon in the markets if not already. These are the times when dollar cost averaging on a monthly basis (or weekly/bi-weekly if you are allowed to do that) works best. You will be rewarded in the months/years ahead.

 

[Facetious]

Re: Are you worried about the economy?

Yes, I am worried and for some reason, it all crystallized on Monday.
I'm now liquid and would like to ask which FDIC Money Market Fund it is you guys could recommend. It's been years since I'd deposited into a MM so I could certainly use a lead.

Would 4 - 4.5 % be too much to ask for at this time ?

Thanks ! :hatsoff:


Is everybody done with their tax returns . . . . yet ? :fight: :helpme:

I went outside to look for the space shuttle in a rare night launch 20 minutes ago

What did we see and for how long ?

About 10 - 12 years ago, I set my alarm for a 4 AM to witness a shuttle reentry and I have to tell you, I wouldn't miss one again if the timing was right. The bright "roadflare" was said to be 49 miles above my head that morning. Impressive !




lol:thumbsup:

 

[negator]

Stocks Shoot Higher on Fed Credit Plan

"The Fed's program is part of a worldwide effort to help struggling banks and mortgage providers. The Fed — acting in concert with the European Central Bank, the Bank of Canada and the Swiss National Bank — agreed to loan investment banks money in exchange for debt, including slumping mortgage-backed securities."

http://ap.google.com/article/ALeqM5gHs5OM3gFG_DytQQZFbWfgPT08MAD8VBF4E00

$200 billion.
are they printing this money?
what will it be worth by the time it reaches joe and jane citizen?

 

[Facetious]

Boy ! You have to admire this kind of optimism !! :1orglaugh :jester:

Bush hopes Cheney's Mideast visit will rein in oil prices


WASHINGTON: With oil soaring to a record $108 a barrel amid mounting signs of U.S. economic turbulence, President George W. Bush said Monday that he was sending Vice President Dick Cheney to the Middle East to raise concerns about oil prices and to press Israeli and Palestinian leaders to move toward peace.


http://www.iht.com/articles/2008/03/10/mideast/cheney.php


and on and on it goes . . .