What Recovery? Things just keep getting worse.

[uscitizen]

Best buy sure is a misnomer.

I bought a new dishwasher at Lowes, Best buy had exactly the same one for $110 more.

 

[uscitizen]

hmm more jobless but the recession is over?

Income tax refunds? Obama did make those larger for most.

 

[Neubarth]

Income tax refunds? Obama did make those larger for most.

Did he really? Who benefited from these refunds?

 

[Midnight Marauder]

What Recovery? Things just keep getting worse.

Don't be silly. Everything's lollipops, unicorns and moonbeams.

 

[Neubarth]

We went out to eat last night and had to wait 30 minutes for a table.

Looks like the recession's over.

Right at the height of the Depression late last year, I went out to a restaurant in San Diego and waited over an hour in line. In the last Depression, just like in this one, some businesses are very successful. Depression does not mean everybody fails, only too many do.

 

[Midnight Marauder]

We went out to eat last night and had to wait 30 minutes for a table.

Looks like the recession's over.

Right at the height of the Depression late last year

You are a good example of why the Obama menstruation has declared April "financial literacy month."

You don't understand sound economic basics. You're financially illiterate, that's why you believe the economy isn't booming like never before.

 

[Neubarth]

Best buy sure is a misnomer.

I bought a new dishwasher at Lowes, Best buy had exactly the same one for $110 more.

I have a son who was a manager at Best Buy. Even with his discount, Best Buy could not compete with Frys for electronics equipment here in San Diego.

 

[editec]

We went out to eat last night and had to wait 30 minutes for a table.

Looks like the recession's over.

Right at the height of the Depression late last year, I went out to a restaurant in San Diego and waited over an hour in line. In the last Depression, just like in this one, some businesses are very successful. Depression does not mean everybody fails, only too many do.

The same class of people who were going to restuarants are still going to them, I suspect.

While their portfolios might be in tatters, they're still fairly well off.

Where you are really seeing the effects of this economy is with those who were bearly making it to begin with.

Hence we see the marginally middle class falling into the lower classes.

Could be me, next year, folks. I can tell you precisely what month next year I run out of capital to sustain my lifestyle (which is fairly modest) if something doesn't change, actually.

I could easily have fallen from grace last October if I hadn't had a bit of unexpected good fortune, frankly.

And I have no debts except a modest mortgage, either.

All it would really take to crush this modest improvement that some of you are seeing is another dramatic increase in the cost of energy.

In fact, to a large extent, it was that last run-up in the cost of heating homes, keeping the lights on, and driving to work, I suspect tipped us into this economy.

People whose economies were stable, suddenly found that they could not keep paying more and more and more to stay in their homes.

Those of you wise enough to have made money playing the commodities markets in energy?

Enjoy your wealth knowing that you good fortune is being paid for, at least in good part, by the millions of formerly working Americans now suffering from the effect of that dramatic rise in the cost of living.

 

[SFC Ollie]

We went out to eat last night and had to wait 30 minutes for a table.

Looks like the recession's over.

Right at the height of the Depression late last year, I went out to a restaurant in San Diego and waited over an hour in line. In the last Depression, just like in this one, some businesses are very successful. Depression does not mean everybody fails, only too many do.

The same class of people who were going to restuarants are still going to them, I suspect.

While their portfolios might be in tatters, they're still fairly well off.

Where you are really seeing the effects of this economy is with those who were bearly making it to begin with.

Hence we see the marginally middle class falling into the lower classes.

Could be me, next year, folks. I can tell you precisely what month next year I run out of capital to sustain my lifestyle (which is fairly modest) if something doesn't change, actually.

I could easily have fallen from grace last October if I hadn't had a bit of unexpected good fortune, frankly.

And I have no debts except a modest mortgage, either.

All it would really take to crush this modest improvement that some of you are seeing is another dramatic increase in the cost of energy.

In fact, to a large extent, it was that last run-up in the cost of heating homes, keeping the lights on, and driving to work, I suspect tipped us into this economy.

People whose economies were stable, suddenly found that they could not keep paying more and more and more to stay in their homes.

Those of you wise enough to have made money playing the commodities markets in energy?

Enjoy your wealth knowing that you good fortune is being paid for, at least in good part, by the millions of formerly working Americans now suffering from the effect of that dramatic rise in the cost of living.

But Obama said there was no increase in the Cost Of Living. That's why Military retirees and those on Medicare didn't get a COLA raise this year. Someone lied?

 

[uscitizen]

Umm the COLA is based on last years figures. This years are yet to happen.

 

[Douger]

LOL
Retarded at First Class.
Someone needs to open you a church !

 

[Oddball]

I was thinking about this this morning. Companies are about to start reporting quarterly earnings. Usually, within the first 10 days of the quarter and the last few weeks of the previous quarter, companies pre-announce earnings if they think the quarter is going to be weaker than expected.

Thus far, I cannot remember a time when companies have been so quiet as they have been over the past four weeks. There have been virtually no negative pre-announcements. That probably means earnings are going to be good.

Or they're holding their cards, until after the upcoming Waxman inquisition of companies that dared to tell the truth that Obunglercare was going to cost them zillions of dollars.

 

[Neubarth]

Umm the COLA is based on last years figures. This years are yet to happen.

I don't have a military retirement so I am not certain about them, but I would expect that it is the same for SS and GS retirees in that they adjustment is made effective October First the beginning of the new Fiscal Year for the Government. The actual rate of inflation this year has been running about three percent, so, provided things do not change much the SS and GS people should see a three percent increase in their monthly check on 10/1.

Of course, taxes on the city, county, state and Federal Government are going to go up to pay for all these budget shortfalls so that 3 percent and an additional ten percent will probably disappear out of your effective spending ability. Gawd, life sucks in a socialist utopia..

 

[Midnight Marauder]

Neubarth is a denier.

 

[boedicca]

Or they're holding their cards, until after the upcoming Waxman inquisition of companies that dared to tell the truth that Obunglercare was going to cost them zillions of dollars.

There's also the aspect that Q1 last year was pretty danged bad. Even if the YOT earnings growth is decent, much of the improvement is the illusion of being compared to something was was truly a horror.

 

[Neubarth]

I was thinking about this this morning. Companies are about to start reporting quarterly earnings. Usually, within the first 10 days of the quarter and the last few weeks of the previous quarter, companies pre-announce earnings if they think the quarter is going to be weaker than expected.

Thus far, I cannot remember a time when companies have been so quiet as they have been over the past four weeks. There have been virtually no negative pre-announcements. That probably means earnings are going to be good.

Or they're holding their cards, until after the upcoming Waxman inquisition of companies that dared to tell the truth that Obunglercare was going to cost them zillions of dollars.

I hope that people saw the long line of companies headed by AT&T that decided to cut employee and retiree benefits. I am retired from AT&T. I have guaranteed medical and dental. What I don't have a guarantee on is the price of the "Guaranteed" medical and dental. In 2003 those scumbags raised my medical from $200 a month for the family plan to almost $600 a month for the same coverage. I call that unethical, but HELL, everybody is unethical now-a-days, especially the Big Banks. They are not just unethical. They are corrupt as hell.

 

[Gatekeeper]

Best buy sure is a misnomer.

I bought a new dishwasher at Lowes, Best buy had exactly the same one for $110 more.

I have a son who was a manager at Best Buy. Even with his discount, Best Buy could not compete with Frys for electronics equipment here in San Diego.

It's simple really, they start out just fine, pull the consumer in, then slowly make the changes back to 'ops normal' places like BB, in my opinion, use their names to suck in the customers making them "think" they are getting a deal, when, in my opinion, they are NOT.

Same with many of these 'Join us, become a member and SAVE" discount joints.I am trying one more time because the wife thinks she is saving by joining this nonsense. Okay, MAYBE, for a large family, they might 'save' a little but certainly in our case we have yet to save CHIT. In fact we shop for the most part at Wegman's, and save more than we ever did by being a member and paying these sleeze balls money for a Member card for so called 'discounts'. I for one would shred our cards in a heartbeat and the wife is now beginning to see the light.

It's all about smoke and mirrors, that's biz just about anywhere and let the buyer beware.
As far as the economy getting better, from what I see in this area many are losing their collective butts, in other words, increased costs of goods and services while the paycheck is staying at the same gross and the net is dwindling from more taxes and greedy corporations who could care less.

A few we know who own shopping centers and strip malls, most from NYC, are making ends meet by leaps and bounds in some areas, while others have 30- 70% of the stores in rent arrears and because of the "Good Economy".

Another smoke and mirror show comes right out of Washington D.C., they'll lie and mislead our butts off to try an overt a consumer backlash, making us feel everything is just hunky dory. Want to see the real state of the economy, in you area of course, just look around, read the local papers, monitor the legal sections for sheriff sales and other legal matters. The economy ISN'T what Washington says it is, for the majority of the citizens anyway.

I want a solid recovery for everyone, not just those, whose wealth, keeps us begging and making them wealthier.

 

[SFC Ollie]

Can't have a real recovery with such low trading volumes, even with the market up. If volume doesn't increase it won't last.

 

[Toro]

I was thinking about this this morning. Companies are about to start reporting quarterly earnings. Usually, within the first 10 days of the quarter and the last few weeks of the previous quarter, companies pre-announce earnings if they think the quarter is going to be weaker than expected.

Thus far, I cannot remember a time when companies have been so quiet as they have been over the past four weeks. There have been virtually no negative pre-announcements. That probably means earnings are going to be good.

Or they're holding their cards, until after the upcoming Waxman inquisition of companies that dared to tell the truth that Obunglercare was going to cost them zillions of dollars.

I don't think that's it. A number of companies have come out recently and said they would be taking very large charges because of Obamacare. I see no reason why they would do that but not pre-announce bad results.