How is the economy going, what factors do we need to foucs on, what change if any ...

[actsnoblemartin]

need to be made...

your thoughts?

 

[manu1959]

need to be made...

your thoughts?

my company is having its best year in 15

 

[red states rule]

Another record close on Wall St last week - the economy is doing very well

 

[Delbert]

the dollar index has fallen to 80.36, m3 increasing at more than 10% annually.

crude oil has reaced $74/barrel, gas is $3.23/gal

trade deficit is at record levels.

budget deficit $8,882,773,122,381 nearly $30,000 per person.

The big 3's share of the u.s. market has fallen below 50%

Forclosures are rampant, the real estate market is in collapse.

Reublicans=democrats=liberals

Vote for Ron Paul

 

[Vintij]

The defecit is growing and not slowing not.

Real estate is slowing down significantly

The value of the dollar is down

Crude oil is up.

We are importing more than we are exporting.

But.....people are spending so those things dont look so bad. Wall street is having another record year. Sept, you have to invest to feel the effects of that. Nobody is going to lower costs, just because they are making more money in the stock market. The rich get richer when we spend, nothing universally benefitial about that. Aside from collecting taxes on those rich, which needs to be raised significantly. If you have the money, you can afford to pay more taxes than the middle class.

 

[Paulie]

the dollar index has fallen to 80.36, m3 increasing at more than 10% annually.

crude oil has reaced $74/barrel, gas is $3.23/gal

trade deficit is at record levels.

budget deficit $8,882,773,122,381 nearly $30,000 per person.

The big 3's share of the u.s. market has fallen below 50%

Forclosures are rampant, the real estate market is in collapse.

Reublicans=democrats=liberals

Vote for Ron Paul

Couldn't have said it better myself.

But Wall St. is doing great! So the economy must be doing great as well!

I mean, as long as the upper class stock traders are fairing well...

Iran wants Japan to start buying oil from them in Yen:

http://www.bloomberg.com/apps/news?pid=20670001&refer=worldwide&sid=aLaColVYu5LA

July 13 (Bloomberg) -- Iran asked Japanese refiners to switch to the yen to pay for all crude oil purchases, after Iran's central bank said it is reducing holdings of the U.S. dollar.

...

Yen Advances

The yen advanced to 122.07 per dollar at 2:30 p.m. in New York, from 122.42 late yesterday.

Iran is cutting its U.S. dollar reserves to less than 20 percent of total foreign currency holdings, and will buy more euros and yen as tensions with the U.S. increase, Central Bank Governor Ebrahim Sheibany said on March 27.

The United Nations Security Council is preparing for another round of sanctions against Iran because of the nation's nuclear research.

I guess all the bullying toward Iran is just because they are supposedly "seeking nuclear weapons".

 

[BaronVonBigmeat]

The stock market is only setting records if you look at it in dollar terms. Compare it to other currencies, or just about any commodity, and it's either flat or declining. (Check out Zimbabwe's stock market--it's the highest gaining stock market you can find. That's what rampant inflation does, only when it's in stocks we don't call it inflation for some reason) We're in, or at least entering, a stagflationary recession. At least if you use statistical methods that haven't been heavily massaged that is. I'm afraid we're going to see a repeat of the 70's, only worse.

 

[red states rule]

The defecit is growing and not slowing not.

Real estate is slowing down significantly

The value of the dollar is down

Crude oil is up.

We are importing more than we are exporting.

But.....people are spending so those things dont look so bad. Wall street is having another record year. Sept, you have to invest to feel the effects of that. Nobody is going to lower costs, just because they are making more money in the stock market. The rich get richer when we spend, nothing universally benefitial about that. Aside from collecting taxes on those rich, which needs to be raised significantly. If you have the money, you can afford to pay more taxes than the middle class.

The annual bufget deficit has been cut by more then half

Inflation and interest rates are low

Unemployemnt is about 4.5%

wages and productivity are are up

the stock market hit another record high

home ownership is at record highs

libs are still sulking how tax cuts have more then paid for themselves

The top earners (the top 1%) are still paying 34% of all federal income taxes - even after the Bush tax cuts

 

[JeffWartman]

The annual bufget deficit has been cut by more then half

Inflation and interest rates are low

Unemployemnt is about 4.5%

wages and productivity are are up

the stock market hit another record high

home ownership is at record highs

libs are still sulking how tax cuts have more then paid for themselves

The top earners (the top 1%) are still paying 34% of all federal income taxes - even after the Bush tax cuts

Do you understand that the spending for the Iraq War, now at 12 billion dollars a month, is off the budget, so your numbers on the deficit really are NOT true?

 

[red states rule]

Do you understand that the spending for the Iraq War, now at 12 billion dollars a month, is off the budget, so your numbers on the deficit really are NOT true?

Bush predicts U.S. budget deficit will shrink

WASHINGTON (Reuters) - President George W. Bush predicted on Wednesday that strong tax receipts would cause the U.S. budget deficit to shrink to $205 billion this year, marking the third straight annual decline.

But Democrats said the improvement in the annual deficit did not change the fact that Bush, who inherited a budget surplus when he came into office in 2001, has seen a sharp rise in accumulated debt on his watch.

The deficit hit an all-time high in 2004, in the middle of Bush's term, of $413 billion.

"A growing economy has led to growing tax revenues. Because people are making more money, they are also paying more taxes. The pie is growing," Bush told reporters at the White House.

But Senate Budget Committee Chairman Kent Conrad, a North Dakota Democrat, accused Bush of having a "failed fiscal record."

"He has increased spending by nearly 50 percent since taking office, while at the same time repeatedly cutting taxes primarily on the wealthiest," Conrad said. "Debt has exploded on his watch -- rising from $5.8 trillion in 2001 to approximately $9 trillion by the end of this year."

The deficit forecast for fiscal year 2007, released in the administration's mid-year report on the budget, would mark an 18 percent decrease from last year's $248 billion.

The report revised the 2007 forecast downward from the $244 billion estimate given in Bush's budget proposal in February.
http://news.yahoo.com/s/nm/20070711/pl_nm/bush_budget_forecast_dc_9



Sadly, the Dems are sulking, whining about the tax cuts (which has brought in record revenues to Washington) and the overall giid health of the economy

(and Dems whine about Bush's spending while they are spending record amounts?)

 

[Toro]

The stock market is only setting records if you look at it in dollar terms. Compare it to other currencies, or just about any commodity, and it's either flat or declining. (Check out Zimbabwe's stock market--it's the highest gaining stock market you can find. That's what rampant inflation does, only when it's in stocks we don't call it inflation for some reason) We're in, or at least entering, a stagflationary recession. At least if you use statistical methods that haven't been heavily massaged that is. I'm afraid we're going to see a repeat of the 70's, only worse.

In gold terms, stocks are only about half their value from seven years ago.

 

[MassageGirl]

Very simple. The economy is in trouble because most people in the US believe in charity, but the wrong kind of charity. People will donate thousands of dollars to charitys that are not so much NEEDED as WANTED. Why donate so much money to the kids make a wish foundation (great organization) and then NOT help your next door neighbor pay off one of his credit cards?
Come on!
The answer lies in helping where you are needed and THEN helping in other ways.
Hell, if a KID is getting a 5,000 dollar shopping spree to some mall, could it be that their parents cards are all maxed out due to staying at a lot of hotels far from home whilst their kiddo is having a hospital stay? Sure theres Ronald Mc Donald house, which also gets a lot of donations, too, but they get filled up pretty fast, too, and they still have to charge people to stay there.

So what if, since you usually give 400 dollars a year to the feral cat foundation, because thats something you care deeply about (lol) then next year, give a hundred towards your neighbors credit problem. Make sure your neighbor (if they really do have a problem with spending, which is usually the bigger fish to fry) cuts up their card, at least one of them.

The thing that really irks me, is when people donate 15 or 20 dollars EVERY month to those "feed the children" shows, where those poor hungry children live thousands of miles away in another country, and yet, you might see a poor child sitting at the bus stop with raggedy shoes and a piss poor coat, and they dont even spend the 15 dollars to help keep that child WARM. I mean, its great to feed the foreign kids, but if youre going to make a real change, think globally and act locally, too.

That could be what makes EVERYTHING wrong with our country, right.

It takes a village...

So instead of us treating a local child like garbage, why not treat him to dinner?

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