nah deflation still the name of the game
rest of the world has issues too dollar will hold up okay as people with jobs continue to save more money
part of the reason the dollar went down for so long is because americans didn't save and took on gobs of debt and our trade deficit got way outta wack
that trend is slowly reversing
our trade deficit will slowly shrink over time as we will still will have an export market and we still produce alot of stuff the world wants regardless of how crappy the global economy gets and our consumption of cheap chinese gadgets and shit we don't need that we import from abroad will go down
rest of the world has issues too dollar will hold up okay as people with jobs continue to save more money
part of the reason the dollar went down for so long is because americans didn't save and took on gobs of debt and our trade deficit got way outta wack
that trend is slowly reversing
our trade deficit will slowly shrink over time as we will still will have an export market and we still produce alot of stuff the world wants regardless of how crappy the global economy gets and our consumption of cheap chinese gadgets and shit we don't need that we import from abroad will go down
Yup...GW ruined it for everyone.
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there are more than two teams gas man and both teams are in the wrong
barney is right in that under a federal reserve system that can manipulate the credit markets allowing banksters and crooks run wild with no regulation is a bad idea
but at the same time the right is right in that things like ACORN and FNM and government getting involved in the marketplace and artificially creating demand in certain markets leads to bubbles that will eventually burst
until more people say fuck both the left and right nothing will change and the circus show of raping us the average joe's will continue as the right and left followers of these crooks continue to blame each other for the problems....
barney is right in that under a federal reserve system that can manipulate the credit markets allowing banksters and crooks run wild with no regulation is a bad idea
but at the same time the right is right in that things like ACORN and FNM and government getting involved in the marketplace and artificially creating demand in certain markets leads to bubbles that will eventually burst
until more people say fuck both the left and right nothing will change and the circus show of raping us the average joe's will continue as the right and left followers of these crooks continue to blame each other for the problems....
Understood Tiz...and agreed. There were a lot of rich real estate companines, insurance companies, lawyers, landowners, develepoers, construction companies and so on that benefited greatly when the houses were being sold. Many folks also got rich flipping condos, homes, etc during the boom..
Now that the note has come due, there are fingers being pointed everywhere. What makes me sick is the gaul of Frank and company who blatantly deny ANY responsibility for the crisis. Their were attempts as early as 2001 to put in motion an oversight committe for FM and FM, but met resistance along the way by politicians on both sides who had their hands out from the beneficiaries named above. When it came to nut cutting time, and the bubble loomed HUGE, the Conservatives tried (including McCain) to address the issue in 2006 (probably too late) and were bascially called traitors for trying to regulate government, even from people within their own party.
Good discussion but regardless, the blame lies squarely on the dems. Why werent they calling for regulation? Look no further that the bonuses paid out to FM, FM, Countrywide and so on....shit, how much exactly did Barney Frank make?
well americans should point their fingers to two directions although most won't.....
the federal reserve and pretty much every member of congress minus guys like a ron paul
and secondly american's need to look in the mirror and point to themselves and take responsibility for their own actions regardless of how they were "manipulated" to get in the bad situation they got into
the federal reserve and pretty much every member of congress minus guys like a ron paul
and secondly american's need to look in the mirror and point to themselves and take responsibility for their own actions regardless of how they were "manipulated" to get in the bad situation they got into
http://www.doctorhousingbubble.com/...from-the-great-depression-part-x-data-mining/
May 30th, 2008
The Sham of our Current Unemployment Rate Numbers: Lessons from the Great Depression: Part X. Data Mining.
When you look at the current unemployment rate of 5 percent, you would think that our economy would be humming along. Yet the way that they calculate the official unemployment rate is such a joke, you are almost left guessing how many people are really out of work. Are you looking for work and simply can’t find a job and gave up? Consider yourself not counted in the numbers. Are you working part-time although you want full-time employment? Guess what? You are not counted either! It is patently absurd and frustrating to see what kind of gimmicks the government uses to massage the unemployment data.
Mish over at Global Economic Trend analysis on a monthly basis has to dig into the data to point out the stupidity of the unemployment numbers:
unemployment
It is such an utter disturbance that people are quoting 5 percent as the unemployment rate when 9.2 percent of our population is either underemployed, working part-time, or flat out given up and not working. Also, what about all the people in finance, construction, lending, or any fields associated to the credit bubble that are now receiving a lot less simply because they are commissioned based or depend on their being easy credit? These people are still hanging on by a thread with a massively reduced income yet they are still counted as fully employed. That is the issue with our current unemployment rate. So if our current rate is closer to 10 percent, wouldn’t that change the perception of our current economy?
May 30th, 2008
The Sham of our Current Unemployment Rate Numbers: Lessons from the Great Depression: Part X. Data Mining.
When you look at the current unemployment rate of 5 percent, you would think that our economy would be humming along. Yet the way that they calculate the official unemployment rate is such a joke, you are almost left guessing how many people are really out of work. Are you looking for work and simply can’t find a job and gave up? Consider yourself not counted in the numbers. Are you working part-time although you want full-time employment? Guess what? You are not counted either! It is patently absurd and frustrating to see what kind of gimmicks the government uses to massage the unemployment data.
Mish over at Global Economic Trend analysis on a monthly basis has to dig into the data to point out the stupidity of the unemployment numbers:
unemployment
It is such an utter disturbance that people are quoting 5 percent as the unemployment rate when 9.2 percent of our population is either underemployed, working part-time, or flat out given up and not working. Also, what about all the people in finance, construction, lending, or any fields associated to the credit bubble that are now receiving a lot less simply because they are commissioned based or depend on their being easy credit? These people are still hanging on by a thread with a massively reduced income yet they are still counted as fully employed. That is the issue with our current unemployment rate. So if our current rate is closer to 10 percent, wouldn’t that change the perception of our current economy?
why is gas down like 50% from the peak than donkey?
plus you are seeing prices continue to fall in housing and amongst the retail sector in things you don't need like 50 dollar shirts in the mall that cost 2 bucks to make, flat screen tvs, laptops etc.....etc....
food prices will be the last to fall if they ever do but they won't be going up anymore anytime soon IMO
cpi and ppi will be turning negative in the months ahead
plus you are seeing prices continue to fall in housing and amongst the retail sector in things you don't need like 50 dollar shirts in the mall that cost 2 bucks to make, flat screen tvs, laptops etc.....etc....
food prices will be the last to fall if they ever do but they won't be going up anymore anytime soon IMO
cpi and ppi will be turning negative in the months ahead
well food always a sticky issue in that arena they tend to raise prices and never again lower them
since people still need to eat regardless of how bad the economy gets.....
what i find funny is everybody always bitching about the oil companies and such
when they have done a much better job keeping prices down when you look at the long haul like last 50 years......than in many other sectors like milk and such
yeah we had some near term spikes in gas along the way but alot of that has to do with an unsustainable economic structure with a foundation based on lots of debt
will milk prices fall soon i dunno maybe not but that's a tiny part of the overall equation of the inflation/deflation argument
since people still need to eat regardless of how bad the economy gets.....
what i find funny is everybody always bitching about the oil companies and such
when they have done a much better job keeping prices down when you look at the long haul like last 50 years......than in many other sectors like milk and such
yeah we had some near term spikes in gas along the way but alot of that has to do with an unsustainable economic structure with a foundation based on lots of debt
will milk prices fall soon i dunno maybe not but that's a tiny part of the overall equation of the inflation/deflation argument
Consumers have stopped spending. Gas consumption has fallen greatly so the markets corrected somewhat with all the supply. However, OPEC wants to produce less oil to raise the price again. Afterall, why only get $100 for two barrels when you can get $100 for one barrel. This stradegy might work in the short term as their is always a nation or two that cheats.
The retail industry is taking a big hit lately. Lots of closings and it's only the beginning. More layoffs to happen and more unemployment. It's the perfect financial storm our nation/world has ever faced. And don't forget about the next wave of foreclosures that are about to happen. It'll be worse than the first wave.
The world depended on us and our economy but because of that, they are about to fail too. You never hear about foreclosures over in Europe because they are way more savy with thier money than we are. Problem is the banks over there invested in U.S securities and because our financial institutions are going bankrupt, the European banks will fail as well now.
Make no mistake about it, the worse is yet to come. This is real and it's not a game. Unfortunately we are going to have to go through hell to shake off the fleas and it's going to take awhile.
The fed has to raise interest rates, they have no choice but it is the first step in the right direction. This is going to be bad, and I mean real bad.
The retail industry is taking a big hit lately. Lots of closings and it's only the beginning. More layoffs to happen and more unemployment. It's the perfect financial storm our nation/world has ever faced. And don't forget about the next wave of foreclosures that are about to happen. It'll be worse than the first wave.
The world depended on us and our economy but because of that, they are about to fail too. You never hear about foreclosures over in Europe because they are way more savy with thier money than we are. Problem is the banks over there invested in U.S securities and because our financial institutions are going bankrupt, the European banks will fail as well now.
Make no mistake about it, the worse is yet to come. This is real and it's not a game. Unfortunately we are going to have to go through hell to shake off the fleas and it's going to take awhile.
The fed has to raise interest rates, they have no choice but it is the first step in the right direction. This is going to be bad, and I mean real bad.
