Recovery?

I have missed this,what does the "Barry" refer to? Goldwater?

"Barry" was Barack's school name in Hawaii.
 
Four Suns said:
I actually really enjoyed Joe Wilson's comment... not because he was rude... but because it PISSED OFF Nancy... her look was awesome!
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some may think he was rude, some not. The point is... he was RIGHT, and he called him out on it. The Democrats voted down a bill stating that anyone who is filing for health care HAS to prove that they are a legal citizen. So if you don't have to prove that you are legal... how are you not supplying health care to illegal citizens? Everything this man says "sounds" great, but its such BS. He is counting on ignorance. He is counting on the fact that most people don't do their homework as they should.

OK... rant over!
 
here are a few slides my boss sent to me regarding the economy


macroe1.jpg

macroe2.jpg
 
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gnealon said:
some may think he was rude, some not. The point is... he was RIGHT, and he called him out on it. The Democrats voted down a bill stating that anyone who is filing for health care HAS to prove that they are a legal citizen. So if you don't have to prove that you are legal... how are you not supplying health care to illegal citizens? Everything this man says "sounds" great, but its such BS. He is counting on ignorance. He is counting on the fact that most people don't do their homework as they should.

OK... rant over!
Click to expand...

It was actually two separate amendments - not a single bill that were voted down. Proponents argued that the "citizenship proofs" were necessary so the illegals would not receive health care benefits. Opponents of the amendments argued they were redundant and not needed since the bill includes specific language prohibiting illegal aliens from receiving health care the benefits. Some feared the amendments would create the requirement for everyone to carry "National Identification or Citizenship Cards" in order to prove citizenship. The bottom line is that the bill still requires the agency to restrict coverage to U.S. Citizens.
 
We need much more of this much, much more, all over the country

Much more of this

Thousands pack D.C. to protest spending, taxes

Fiscal conservatives converge for 'March on Washington'

"...People were chanting "enough, enough" and "We the People." Others yelled "You lie, you lie!" and "Pelosi has to go," referring to California congresswoman Nancy Pelosi.
Others are waving U.S. flags and holding signs reading "Go Green Recycle Congress" and "I'm Not Your ATM." Some men are dressed in colonial costumes. Police on motorcycles and horses watched as the marchers passed..."
Click to expand...
 
Reviving an old thread...I admit I dont understand alot about the markets and what drives them...but last week when unemployment news came out with a rate above 10% and I think the market was up a little that day.
 
I'll put in my $0.02 here.

I believe the current market level is on a "sugar high" due to the stimulus. Once that burns off, rising mortgage foreclosures (half of the mortgages that are in arrears have not yet reached the foreclosure stage) will stall the rebound, and send the market way back down. There is also another spike in mortgages that are due to reset their rates coming, which will push even more consumers into default. Add in an adverse geopolitical event like Iran, and things could drop in hurry.

Hope I'm wrong, but that's what I see.
 
Bottom Line said:
Reviving an old thread...I admit I dont understand alot about the markets and what drives them...but last week when unemployment news came out with a rate above 10% and I think the market was up a little that day.
Click to expand...


Of that 10% only about half actually want to work. Years ago there were 3 or 4 factors that went into generating that number. Now it is just an extension of a welfare program that has gone astray and the number simply reflects the number of people collecting a check. There is a huge difference between the two. So hopefully the bogusness of the unemployement number will (as it should) have less and less of an effect on the stock market.

Someday "The Stock Market" will return to its past glory of being a ligitimate vehicle in which to invest money and to profit from those investments. Until then we are gambling on a game that has far more downside potential than upside.
 
The market looks 12 months or more out into the future. Today's numbers don't drive current performance. Employment is a lagging indicator and is the last number to improve in a typical business cyle. During the Carter recession it was on the way up. Once tax cuts kicked in under Reagan the number eventually stopped going up and the market really took off. The difference between then and now is our current number is still going up instead of down. Reagan was successful in getting better fiscal and tax policy enactments. The market is still currently overvalued so we will likely see another correction or spotty performance at best. One of the better places to be in the equity market now is Asia (China not Japan).
 
Just recently changed companies so maybe I should roll my 401K into an IRA...
 
As I understand it, the financials of many companies (incl. the ones that make up the DJIA) are looking pretty good- considering...
Problem is that much, if not most, of that profitability is attributed to serious cost cutting (read-jobs) and sales of hard assets to raise cash.
That has now mostly run it's course (you can only cut and sell so much), so I think the reality will be hitting home shortly.
 
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