things are looking up

Discussion in 'Economy' started by Truthmatters, Jan 27, 2011.

  1. Truthmatters
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    Truthmatters BANNED

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    AP Survey: Outlook for 2011 Economy Brightening - CBS News


    The AP survey collected the views of 42 private, corporate and academic economists on a range of indicators. Among their forecasts:

    - The economy will grow 3.2 percent this year, compared with the 2.7 percent they forecast in October. That would top last year's estimated growth of less than 3 percent.

    - Employers will create a net total of 2.2 million jobs. Three months ago, the economists predicted 1.6 million jobs would be added in 2011. Last year, employers added roughly 1.1 million.

    - Consumers will spend 3.2 percent more this year than last year. That's stronger than the 2.5 percent growth the economists had forecast in October. And it's nearly double the spending growth that's estimated for 2010.
     
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    Last edited: Jan 27, 2011
  2. Neubarth
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    Neubarth At the Ballpark July 30th

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    Massive deception by the government does not mean that we are not in a Depression.
     
  3. B. Kidd
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    B. Kidd Gold Member

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    TM looks up, a flock of pigeons fly overhead. (Is that haiku?)
     
  4. Mr. H.
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    Mr. H. Diamond Member

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    Jim Morrison couldn't have said it better.


    Or did he?
     
  5. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    Jim Morrison was a drunk.

    And he smelled bad.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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    Frankly, Shirley... I don't give a damn.
     
  7. Jackson
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    Jackson Gold Member Supporting Member

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    Things are looking up? Those are people looking at the birds come dropping down...dead. A sign of things to come. {{sigh}} Excellent try, though.
     
  8. Terral
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    Terral Terral Corp CEO

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    Hi Truth:

    The real economy will shrink this year like last year and the year before that, as the real consumer/tax base continues to erode away right before your eyes. The growth numbers are misleading, because they include the largest banks taking zero-percent Fed money for high-frequency trading in the markets (story), which drives up the prices to create an artificial profit that is based upon inflating the worthless currency.

    Bullony! The real unemployment rate is just under 23 percent (story) and climbing fast. Fewer than half of working-age Americans have full time jobs (story) and the long-term unemployed number is now going parabolic (chart). The real economy lost about 8 million jobs in the current recession/depression as of July 2010 (story) and most of those are never coming back. The FED expects between 4 and 5 million home foreclosures in the next two years (story), with some estimates claiming 7.5 million foreclosures in the coming years (story), which flies in the face of your rosy report above.

    That is easy to predict when the dollar is collapsing in value and more dollars will be required to buy oil, gas, food, health care (hospital) and everything else as prices soar through the roof! The Govt can create rosy 'spending' reports amid rising costs of everything, when in reality people are paying more for the same goods and services.

    This is what I know for a fact: The masonry company (once 350 + employees) where a member of my family has worked since 1964 is closed like our two biggest competitors once having hundreds of employees each. Those jobs went away and they are likely not to return anytime soon. Most of those people have exhausted their unemployment benefits to be dropped from the roles and no longer considered unemployed, which makes the Govt numbers appear much better than reality. You cannot raise the taxes on people when illegal aliens have our jobs, or the jobs were shipped overseas by outsourcing or NAFTA offshoring of the manufacturing base.

    The USA simply does not have the jobs to support any real recovery, which means the consumer/tax base will continue to shrink and home prices will continue to slide into the toilet.

    GL,

    Terral
     
    Last edited: Jan 28, 2011
  9. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    [youtube]V2sKH8yjVsM[/youtube]
     
  10. iamwhatiseem
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