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How Do you Feel About Todays Economy? I feel it's only gonna get worse.At the end of the year over one million people will lose unemployment benefits.
People will cut back more than ever,meaning less spending in stores,meaning more layoffs,meaning more families with less money to spend,etc. | |
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Taxes are too high, and they are biased against the very entities that create the jobs. Will Bush lower/flatten them? I don't have a great deal of faith...
But the biggest threat, deflation, which is what caused the recession in the first place thanks to Alan Greenspan, in nearly over. Gold is now above $320 (from a low of $250--YIKES!)...it probably needs to get up to $350 for parity, beyond which we'll be looking at inflation again. Of course I may get attacked for using gold to measure the money supply. But basically we're having an "ok" recovery and I don't expect it will end unless something catastrophic happens. Wrong forum, btw.  Fear is the mind-killer. | |
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There's gonna be a lot of people jumping out of windows, if you know what I mean.
. [This message was edited Sat Dec 7 12:05:42 PST 2002 by SweeTea] "Use this tool to control the masses w/guaranteed success: Divide/Conquer =>No Communication cuz we are Divided =>Misunderstanding cuz we don't Communicate =>We can't Agree we only Misunderstand =>Chaos cuz we can't Agree. Chaos-an evil tool indeed!" | |
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i don't think taxes r 2 high, but i agree with Alan Greenspan beeing responible 4 deflation, he tried 2 ease the pain, but all he did was lenghten the suffering. "It's better 2 B hated 4 what U R than 2 B loved 4 what U R not."
My IQ is 139, what's yours? | |
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SpcMs said: i don't think taxes r 2 high, but i agree with Alan Greenspan beeing responible 4 deflation, he tried 2 ease the pain, but all he did was lenghten the suffering. Yes...there is some debate in supply-side circles about whether he should have added so much liquidity so soon, when the natural business process of washing out the bad investments needed to go ahead and get over with. But the deflationary threat is greater I think--stable money is a requirement for prosperity, whether you're capitalist or socialist.Fear is the mind-killer. | |
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i'm concerned about it...because what happens here in the usa, effects the world market and world economy...and the economy in brazil is not good anyways...  and that's my new home...and so many people are suffering there already, i hate for it to get worse and worse... | |
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My point is that I don't actually 'feel' anything about an economy. | |
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It's bad and it will get worse before it gets better but it will get better. *************************************************
"Did you mention sneakers?" | |
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Friend said: It's bad and it will get worse before it gets better but it will get better. No, no...it's done getting worse...we've seen the "double dip." It's up from here...
I cannot forecast perfectly, but I really think this is a firm bottom here, around the middle of October: http://finance.yahoo.com/...on&z=m&q=l Btw...the stock market IS the real economy. It's a leading indicator. Fear is the mind-killer. | |
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