Recession?

This recession is awesome. I've bought some really good stock on the plummet and stand to make some pretty good money when it's "over."

my business is booming, and the wife STARTED a new business in Jan. that is doing well, too. Costs are way too high, but people are still spending money, so far.

quote:

Originally posted by gracieadeline:
my business is booming, and the wife STARTED a new business in Jan. that is doing well, too. Costs are way too high, but people are still spending money, so far.

gracieadeline, I'm glad to know that your wife's business is doing well. I don't like to see anybody fall, go broke, or lose their home. But many have. I think what is keeping most people going is for years now they have been working two and three jobs, speaking of the husband and the wife, so they can afford that home, car, and vacation. But I think, eventually, it's going to hit without any warning. Your business is doing great because people are working and you better hope they continue to work. You better hope their job doesn't decide to move to China or Mexico. The same thing happened in the Great Depression. The prices slowly went up and up until all hell broke loose. This generation and generations before this generation has not suffered the hard times that the people did in the Great Depression. I've been watching it and I see it coming. You soon will too.

The Great Depression would have been the great recession if congress and Hoover hadn't passed the Smoot-Hawley Tariff Act in 1930. Placing high taxes on 220,000 imports as a protectionist act, most countries followed suit and shut down world trade.

JJP,
For all our troubles, I would not trade them for any other countries.

China – 200 million people living in a middle class to upper class existence; 100 million working amongst the 200 million, less well off, but doing better than they've ever done in their lives; 800 million people for whom the live style of a 1925 Alabama sharecropper would be a significant step up. About 50 million males can’t find a wife. China has vast amounts of land, too bad most of it isn't arable. China has three of the four largest banks in the world. But, if you think our banks assets holdings are risky …?

Russia – cleaning up in the oil market establishing wealth the czars dreamt of. Vast amounts of land, rich in natural resources. Populated by only 141 million persons. A population that will decline by 32 million in the next 40 years, almost a 25 percent drop. Alcoholism, murder, and suicide are major causes of death. Males average life span is 58 years. The only sector of the population growing in the south central Asia area populated by poor muslims. And, oh yes, China claims a third of Asia Russia is actually Chinese territory

quote:

Originally posted by Phoenix Rising:
Well the numbers are in for first quarter growth and GDP rose slightly so the recession we have been told we were in for several months doesn't seem to exist. A recession requires 2 consecutive quarters of growth OR a upcoming presidential election with a republican incumbent.

I predict three days of silence and then the recession stories will pick back up.

what I find troubling is that the data is obviously skewed, and I mean all economic data coming from the government. I just don't trust it....

quote:

Originally posted by Howard Roark:
China – 200 million people living in a middle class to upper class existence; 100 million working amongst the 200 million, less well off, but doing better than they've ever done in their lives; 800 million people for whom the live style of a 1925 Alabama sharecropper would be a significant step up. About 50 million males can’t find a wife. China has vast amounts of land, too bad most of it isn't arable. China has three of the four largest banks in the world. But, if you think our banks assets holdings are risky …?

Is the population of China ever expected to decrease because of the lack of wives/women there?

quote:

Originally posted by Howard Roark:
JJP,
For all our troubles, I would not trade them for any other countries.

China – 200 million people living in a middle class to upper class existence; 100 million working amongst the 200 million, less well off, but doing better than they've ever done in their lives; 800 million people for whom the live style of a 1925 Alabama sharecropper would be a significant step up. About 50 million males can’t find a wife. China has vast amounts of land, too bad most of it isn't arable. China has three of the four largest banks in the world. But, if you think our banks assets holdings are risky …?

Russia – cleaning up in the oil market establishing wealth the czars dreamt of. Vast amounts of land, rich in natural resources. Populated by only 141 million persons. A population that will decline by 32 million in the next 40 years, almost a 25 percent drop. Alcoholism, murder, and suicide are major causes of death. Males average life span is 58 years. The only sector of the population growing in the south central Asia area populated by poor muslims. And, oh yes, China claims a third of Asia Russia is actually Chinese territory

Sounds like Russians need a little sunshine and a vacation.

China Faces Elderly Dilemma

China, the world's most populous country, is now crowned with another title: one of the world's most rapidly aging nations.

According to statistics from the National Population and Family Planning Commission (NPFPC), the country's top population policy-maker, residents who are 65 or older already accounted for 7.1 percent of the overall population at the end of 2001.

This figure is projected to shoot up dramatically in the decades immediately ahead.

The commission's own predictions indicate the proportion of the population 65 or older will surge to 24 percent by 2050.

If translated into absolute numbers, that means China will boast a staggering 400 million elders over 65 by around 2050.

Meanwhile, China's median age is set to advance substantially from about 30 in 2000 to around 39 by 2025, which will be higher than that in the United States, according to United Nations Population Division projections.

The on-going tempo of aging in China is far faster than what was witnessed in more developed regions during the past three decades.

Declining fertility rates, partly the result of national family planning policies, and prolonged life expectancies are the two main factors behind the aging crisis.

http://www.china.org.cn/english/Life/104685.htm

Wait a minute!The media tells me this is the worst economy ever!The media wouldn`t lie to me would they?Not only the media but the dems are saying it too.The gov`t must be lying again.

JJ-

Our businesses will never move to Mexico and anywhere else, we are both self employed. We are putting it all on the line and we're not scared. I take that back, if people with your "doom and gloom, hate and blame American first" attitude ever become the norm, I might have to move my businesses somewhere else.

JJ, I know one thing for sure; I'm glad I have a positive attitude and faith in God and this country. What a shame it must be to live each day as miserable as you sound. I'm glad you have this forum so you can get it out of your system, to a degree.

I will pray that you will find hapiness.



No inexperienced, leftist Obama with questionable associations for this wise family.

quote:

Originally posted by geddon97:
Wait a minute!The media tells me this is the worst economy ever!The media wouldn`t lie to me would they?Not only the media but the dems are saying it too.The gov`t must be lying again.

Hey! You know who else is saying it??? The men and women standing in line for jobs. Oh yeah and there is that big line for food stamps. Oh Oh yeah and those people that cant see a doctor because they dont have money or insurance. How about the elderly that just lost their homes after paying on them for 20 + yrs?

Oh you know their all lying too............

John Williams and his team, among others, are still compiling good data, especially on M3(money supply)

Some current audio. Scroll down to April 12th and look at the second hour to play.

A short interview.

Walter J. "John" Williams was born in 1949. He received an A.B. in Economics, cum laude, from Dartmouth College in 1971, and was awarded a M.B.A. from Dartmouth's Amos Tuck School of Business Administration in 1972, where he was named an Edward Tuck Scholar. During his career as a consulting economist, John has worked with individuals as well as Fortune 500 companies.

quote:

Originally posted by SO TIRED OF IGNORANCE:

quote:

Originally posted by geddon97:
Wait a minute!The media tells me this is the worst economy ever!The media wouldn`t lie to me would they?Not only the media but the dems are saying it too.The gov`t must be lying again.

Hey! You know who else is saying it??? The men and women standing in line for jobs. Oh yeah and there is that big line for food stamps. Oh Oh yeah and those people that cant see a doctor because they dont have money or insurance. How about the elderly that just lost their homes after paying on them for 20 + yrs?

Oh you know their all lying too............

Yeah, I drove by the unemployment office today and there was a line all the way around the front of the building...wait!!!! That was Logan's Roadhouse..

The national unemployment average went down a tenth of a percent in April. Five percent unemployment...BLS stats

I have to agree with Sassy, until the unemployment office moves to either Logan's Roadhouse or Walmart SuperCenter they are never going to be able to service all the "poor and indigents" who are having a difficult time.
I also do not see a huge line of people waiting to see a doctor who will not see them because they have no money...geesh. The closer we get to the election the more doom and gloom the Democratic party tries to force down our throats.
A large portion of people out there who are defaulting on loans are those who bought on speculation (house flippers) or those who never paid attention to the fine print and took ARMs in order to save a few dollars on a mortgage. There is a reason why people should be aware of what they are signing when they make a big purchase. Relaxed policies at lending institutions were put in place by the government to get more people into homes, but those practices have created a mess now that those people have bitten off more than they can chew. I do want to see some assistance to these folks, but not to the people who have bought homes to flip in a violatile market. If we do that we might as well bail out all of those who have made bad stock choices, or purchased "a collector's item" off of Ebay.

Go to any restaruant tonite in Florence at 530 and try to get in, most everyone of them will be full of people. The economy is not as bad as we are being led to beleive. I too am concerned about the rising cost of gasoline, but I do not see any fix for that in the immediate future, no matter who gets into office. however, go into office and try to "tax us" into prosperity and you will see a completely different picture.

quote:

Originally posted by Sassy Kims:

quote:

Originally posted by SO TIRED OF IGNORANCE:

quote:

Originally posted by geddon97:
Wait a minute!The media tells me this is the worst economy ever!The media wouldn`t lie to me would they?Not only the media but the dems are saying it too.The gov`t must be lying again.

Hey! You know who else is saying it??? The men and women standing in line for jobs. Oh yeah and there is that big line for food stamps. Oh Oh yeah and those people that cant see a doctor because they dont have money or insurance. How about the elderly that just lost their homes after paying on them for 20 + yrs?

Oh you know their all lying too............

Yeah, I drove by the unemployment office today and there was a line all the way around the front of the building...wait!!!! That was Logan's Roadhouse..

The national unemployment average went down a tenth of a percent in April. Five percent unemployment...BLS stats

Yeah, I was in that line. I love their steaks. Anyway -

A tenth of a percent. Now thats progress! The national average household income is simply not keeping up with the inflation of prices. So whoever that 1/10 of a percent that went to work just joined the other pitiful souls working to support a family on 8 bucks an hour and no insurance. Yea.

OK, I'm glad some of you are doing so well and believe that this Bush economy is just rosy. Here is a little of it from my perspective .
I have some stock from a place where I used to work. For about 20 years it did go up from time to time and would split every so often . After Clinton balanced the national budget, it started going up fast. It would double and split every 2 years. Dividends became enough to make a difference every quarter.
After Bush decided to piss away the surplus, and put our nation into debt to China, that stock made no more upward move. It now has fallen to 1/3 the value it was at the start of Bush's rule of madness, and the last quarter dividend was half of what it used to be, and next quarter it will be about 1/2 of that.
Don't try to tell me that all is just fine, this is a very large stable company, and reflects what's going on in the economy as a whole.

quote:

Originally posted by SO TIRED OF IGNORANCE:

quote:

Originally posted by Sassy Kims:

quote:

Originally posted by SO TIRED OF IGNORANCE:

quote:

Originally posted by geddon97:
Wait a minute!The media tells me this is the worst economy ever!The media wouldn`t lie to me would they?Not only the media but the dems are saying it too.The gov`t must be lying again.

Hey! You know who else is saying it??? The men and women standing in line for jobs. Oh yeah and there is that big line for food stamps. Oh Oh yeah and those people that cant see a doctor because they dont have money or insurance. How about the elderly that just lost their homes after paying on them for 20 + yrs?

Oh you know their all lying too............

Yeah, I drove by the unemployment office today and there was a line all the way around the front of the building...wait!!!! That was Logan's Roadhouse..

The national unemployment average went down a tenth of a percent in April. Five percent unemployment...BLS stats

Yeah, I was in that line. I love their steaks. Anyway -

A tenth of a percent. Now thats progress! The national average household income is simply not keeping up with the inflation of prices. So whoever that 1/10 of a percent that went to work just joined the other pitiful souls working to support a family on 8 bucks an hour and no insurance. Yea.

You rushed right past the point and jumped on the socialist bandwagon. Unemployment has been at around 5 percent or less for several years. Jobs are out there. There are no "lines for foodstamps" or "lines for jobs", at least not in the sense of 1930's soup lines. Nobody's put out any signs saying, "unemployed keep moving. No jobs available".

And anybody that can't afford insurance will still receive emergency medical care. Don't think so, go to your local emergency room with an injury or illness and tell them you don't have insurance. You will still be treated.

It's sort of amazing how, when the prime rate has gone down, adjustable rate mortgages continue to be adjusted upwards.