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Author Topic: Do you believe the economy is getting better? Back to Topics
101Speedster

Champion Author
Ventura

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Message Posted: Jun 7, 2013 11:46:07 AM

What do you base your opinion on? How long will it take?

[L=http://www.zerohedge.com/news/2013-04-05/>>Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."[/L]<<

The worst labor force participation rate since 1979.


[Edited by: 101Speedster at 6/7/2013 11:48:51 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Jul 24, 2014 1:03:13 PM

In response to all the doomsayers, who warn that a stock market correction is overdue and near, Why the S&P rally is nothing to get freaked out about, in one graph notes BTIG’s Dan Greenhaus.

"...they’ve argued blue in the face that the lack of a 10% pullback just doesn’t matter. Determined to push the point home, he notes there have been 10 rallies and nine declines since late 2011/early 2012. The current rally — about 9.5% — is the strongest since early 2013, but is trailing three rallies in percentage terms over the last two-and-a-half years. As for duration, in the summer of 2012, the 14.7% rally lasted 73 sessions, while this current one is right around 70."

Steady as she goes!
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I75at7AM
Champion Author Dayton

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Message Posted: Jul 22, 2014 11:14:24 AM

Haw about another doomsayer predicting a crash coming? After a Dow runup to 20,000, the going could get sticky.

Read the scenario:

>>>"The Dow Jones Industrial Average soars to 20,000. The cheers echo around Wall Street. As the economy recovers, unemployment tumbles. A wave of mergers sweeps Wall Street as big companies bet on a continuing economic boom. The bears and naysayers are routed, humiliated and consigned to oblivion. Mom-and-Pop investors, terrified of getting left behind, pour money into stocks.

And then, horrifyingly, it all starts to go sour, yet again. As the economy recovers, costs begin to rise. As unemployment tumbles, wages follow suit. The Fed begins hiking interest rates to stop inflation. Meanwhile companies have to slash prices to gain or keep market share against brutal competition. Earnings plunge. Stocks begin to slide. and then tumble into a terrifying smash, the third in a generation.

Far-fetched? Not necessarily."<<<

Okay, Sell at 20,000 !!!!! Don't be late getting out now, y'hear?
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Troller_Diesel
All-Star Author Denver

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Message Posted: Jul 18, 2014 8:26:36 PM

In the 1st Quarter, 2014, the economy shrank 2.9% Something that hasn't been trumpeted in the press...

By the traditional definition, if we lose ground in 2nd Quarter, we'll be in recession...

For those on the Left that demand "proof" and "links" but never provide any:

www dot forbes dot com/sites/samanthasharf/2014/06/25/text deleted/
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AC-302
Champion Author Los Angeles

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Message Posted: Jul 18, 2014 1:23:00 PM

As far as the job market, it is no better. We need to create like 250,000 jobs/month just to keep up with people graduating HS/college/grad school. And that doesn't even re-employ those that were laid off over the last 6 years or so. So, no. As far as jobs, we're still hurting. And Obama keeps dithering on things like Keystone (which would provide jobs), and shows more interest in social programs than getting the economy moving. So I think he's part of the problem, not part of the solution.
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I75at7AM
Champion Author Dayton

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Message Posted: Jul 18, 2014 12:53:11 PM

News:
These 18,000 people don't think the economy is getting any better.........
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I75at7AM
Champion Author Dayton

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Message Posted: Jul 2, 2014 3:17:07 PM

Topic: Do you believe the economy is getting better?

To quote Donald Trump: Americans should prepare for financial ruin.

"According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”" (Trump is a little behind, it's over 17 Tril now)

"Ballooning debt and a credit downgrade aren’t Trump’s only worries for this country. He says that the official unemployment rate of 8.2 percent “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent.

“Right now, frankly, the country isn’t doing well,” Trump added, “Recession may be a nice word.”

"While bleak,... they are hardly as alarming as the scenario laid out by another economist."
Robert Wiedemer
"Wiedemer’s outlook for the U.S. economy today makes Trump’s observations seem almost optimistic.

"Where Trump sees ballooning debt and a credit downgrade, Wiedemer sees much more widespread economic destruction."

"In a recent interview for his newest book Aftershock, Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation....."

It seems that Mr. Wiedemer is rather pessimistic about the economic future of the USA. (He wants you to buy his book)


[Edited by: I75at7AM at 7/2/2014 3:18:09 PM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Jun 27, 2014 5:05:32 PM

More analysis of the huge Q1 drop:

0bama's Incredible Shrinking Economy
"Leading the way, personal consumption dropped from 3.1% in the second estimate to a dismal 1% in the most recent revision. No surprise. People spent their money on taxes and higher health insurance premiums instead of televisions and cars."

What about the prospect for much stronger Q2?
"Orders for long-lasting U.S. manufactured goods unexpectedly fell in May,..."
"The Commerce Department said on Wednesday durable goods orders declined 1.0 percent as demand for transportation, machinery, computers and electronic products, electrical equipment, appliances and components, and defense capital goods fell."

How we lookin' ?
Not too good.
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I75at7AM
Champion Author Dayton

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Message Posted: Jun 25, 2014 12:21:56 PM

News:
This happens after every quarter. We get the revised numbers. I am surprised they did not give this the late-Friday-afternoon scrub:

Bad to worse: US economy shrank more than expected in Q1 (opens in video)
Economy shrank 2.9% in 1Q, worst drop since '09
U.S. Economy Shrinks by Most in Five Years - Final Revision for First-Quarter GDP Shows 2.9% Contraction
Holy guacamole. (WaPo)

Definitely not good news, not for workers, not for investors, not for pundits ha got it wrong, not for the 0bama Administration. Oh, wait, maybe this is still George Bush's fault......
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jeskibuff
Champion Author Tampa

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Message Posted: Jun 20, 2014 5:34:02 PM

BuzzLOL said: "Yes, I can see clearly now."

Yes...that looks like a giant turd to me too!
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BuzzLOL
Champion Author Toledo

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Message Posted: Jun 20, 2014 3:14:03 PM

. < BuzzLOL said: "may take 100 years or more to repair all the damage Jr. did to us..." "

. Yes, I can see clearly now...
_______________________________________________________________________

++++++++++ RELIGION ERADICATION SPECIALIST ++++++++++++++
.
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jeskibuff
Champion Author Tampa

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Message Posted: Jun 19, 2014 7:30:33 AM

BuzzLOL said: " Economy has recovered greatly since EvilBushJr. left"

Hey Buzz,

I've got to give you kudos on having the gumption (not to mention extreme flexibility) to be able to perform your own colonoscopies. I'm sure it saves you a chunk of change, but isn't it rather dark and smelly up there?
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jdhelm
Champion Author Iowa

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Message Posted: Jun 19, 2014 7:13:33 AM

Business Insider , July 19, 2014 - where is obama -or where is his support - latest poll
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jdhelm
Champion Author Iowa

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Message Posted: Jun 19, 2014 7:10:17 AM

Although some states keep touting how great the business climate is in their state, most of that is hype. The unemployed figures continue to be staged and do NOT show those who gave up looking for a job.

obama is NOT the potus to lead this economy back to health.
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MarkJames
Champion Author Albany

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Message Posted: Jun 19, 2014 5:57:24 AM

Regarding inflation, we've spent much of the last several months shopping for new suppliers, firing existing suppliers, shopping for lower prices, different products and have eliminated many middlemen due to inflation.

Since we can't raise many prices without losing customers, volume, referrals etc, we're cutting workers, hours, perks and demanding higher performance from existing workers.My personal spending is WAY DOWN due to inflation.

I've stopped doing business at literally dozens of local businesses that have raised prices substantially.This year the majority of my personal purchases were either second hand or online purchases.


[Edited by: MarkJames at 6/19/2014 5:57:43 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Jun 18, 2014 3:22:40 PM

Good and bad news:
Food Stamp Use Is Falling From Its Peak
"Food-stamp use is finally moving away from the peak. At 46.1 million people, total food-stamp usage is down about 4% from its high in December 2012 of 47.8 million. Only eight states in March (the latest data available) were up from the same month of 2013."

Americans are getting into debt — just to get by (see previous post about inflation)

[Edited by: I75at7AM at 6/18/2014 3:24:42 PM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Jun 18, 2014 1:39:39 PM

The economy is beginning to realize a wave of inflation.

Price Index for Meats, Poultry, Fish & Eggs Rockets to All-Time High
"(CNSNews.com) – The seasonally-adjusted price index for meats, poultry, fish, and eggs hit an all-time high in May,.."
"A decade ago, in May 2004, a pound of fresh chicken cost $1.04. Since then, the price has gone up 50%."

Price of Electricity Hit Record for May
"(CNSNews.com) - The electricity price index and the average price for a kilowatthour (KWH) of electricity both hit records for May, according to data released today by the Bureau of Labor Statistics."

Gasoline at U.S. Pumps Set to Hit Six-Year Seasonal High

I guess the fundamental transformation of the nation is well under way.

How do you like it?

[Edited by: I75at7AM at 6/18/2014 1:41:11 PM EST]
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PopcornPirate
Champion Author New Jersey

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Message Posted: Jun 13, 2014 9:32:09 AM

It is still not back to 2009 levels for my business.
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BuzzLOL
Champion Author Toledo

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Message Posted: Jun 12, 2014 3:25:36 PM

. Economy has recovered greatly since EvilBushJr. left... but still has a long ways to go... may take 100 years or more to repair all the damage he did to us...
______________________________________________________________________

++++++++++++ RELIGION ERADICATION SPECIALIST +++++++++
.
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MarkJames
Champion Author Albany

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Message Posted: Jun 10, 2014 8:50:58 AM

One of the worst things we're seeing among our workers, relatives, tenants and job applicants is Voluntary Part Time Work.

To add insult to injury, many of these part-time workers are only able/willing to work very limited part-time hours, often 20 hours or less.

Since my last post another one of our commercial customers has closed their business and another is in the process of closing.

May problems with the economy are structural in nature, so those waiting for things to turn around shouldn't hold their breath too long.
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101Speedster
Champion Author Ventura

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Message Posted: Jun 7, 2014 12:49:36 PM

>>The worst labor force participation rate since 1979.<<

Enough said.
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MarkJames
Champion Author Albany

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Message Posted: May 7, 2014 8:41:42 AM

The other day I couldn't believe how many empty restaurants, commercial buildings and shopping plazas I saw as I drove down an incredibly busy major road.

We have so many commercial no pays, slow pays and bankruptcies that we'll only work for many commercial customers on a COD basis.

Many of our commercial customers are losing money, or barely breaking even hoping things will change for the better by peak tourist season.

--One of my friends, another large scale landlord is currently performing the most evictions for non payment of rent in his 15 year history.

Another friend and commercial tenant of mine is repossessing the most private financed vehicles ever, plus has the most customers ever turning in their vehicles since they can't afford them.

One of my customers, a tire dealer says their sales dropped off a cliff. Many people are running their tires down to the steel belts, having them plugged/patched, buying used tires, only replacing 1 or 2 tires etc.

Many call, or stop by for quotes, but don't buy anything.

--I had a warehouse full of used tires that I sold for about 2X what I expected since demand is so high.

You can tell how poor the economy in many regions is due to the lack of used stuff for sale, plus the big bucks sellers are getting for used/abused junk.

[Edited by: MarkJames at 5/7/2014 8:42:53 AM EST]
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jdhelm
Champion Author Iowa

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Message Posted: May 1, 2014 7:42:46 PM

in a word - no
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jeskibuff
Champion Author Tampa

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Message Posted: May 1, 2014 7:21:24 PM

Well, it's still kicking, isn't it?
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urban_dweller
Champion Author Orlando

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Message Posted: May 1, 2014 11:01:57 AM

I75 and maryanne, you're welcome. From I75's link: " When people ask me what they can do to prepare, there is usually one tip that I give above everything else. It is not very “sexy”, but it is absolutely foundational.

During the last recession, millions of people lost their jobs, and because a lot of them had no financial cushion, many of them also lost their homes.

For the next couple of years, my number one tip is to build up an emergency fund. If you are a prepper and you are living month to month, then you are in a very vulnerable position."

Now, compare the above advice with these items from my link:
#11 According to one recent study, 40 percent of all Americans could not come up with $2000 right now even if there was a major emergency.

#12 Less than one out of every four Americans has enough money put away to cover six months of expenses if there was a job loss or major emergency.
.
And some people think things are better now than say, five or six years ago?

[Edited by: urban_dweller at 5/1/2014 11:03:46 AM EST]
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XJohnnyVx
Sophomore Author Chicago

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Message Posted: May 1, 2014 10:52:24 AM

I75 Nice link with great advice. hopefully some will take note
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maryanneusa
Champion Author Missouri

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Message Posted: May 1, 2014 9:15:37 AM

urban, great link/list.

thank you
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I75at7AM
Champion Author Dayton

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Message Posted: May 1, 2014 8:41:41 AM

Thanks for posting that article, urban. Every one of those points is sobering in its own right. Reading the list is chilling indeed. And it makes me want to continue on this list.
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nstrdnvstr
Champion Author Twin Cities

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Message Posted: May 1, 2014 7:39:45 AM

So this won't be the "Recovery Summer" that we have been promised for for over 5 years?
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urban_dweller
Champion Author Orlando

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Message Posted: May 1, 2014 6:17:43 AM

17 Facts To Show To Anyone That Still Believes That The U.S. Economy Is Just Fine
.
No, the economy is most definitely not "recovering". Despite what you may hear from the politicians and from the mainstream media (shrugging off today's terrible GDP print), the truth is that the U.S. economy is in far worse shape than it was prior to the last recession. ...... But things are definitely not getting better, and there are a whole host of signs that this bubble of false stability will soon come to an end and that our economic decline will accelerate once again. The following are 17 facts to show to anyone that believes that the U.S. economy is just fine...
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reb4
Champion Author Chicago

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Message Posted: Apr 30, 2014 3:23:35 PM

on bus this morning heard two people talking about all the workers they know looking for jobs, they were indicating how much better it was from last year... Sad...
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Apr 30, 2014 12:52:23 PM

Is someone nuts?
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I75at7AM
Champion Author Dayton

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Message Posted: Apr 30, 2014 12:40:24 PM

Somewhere, an economy is getting stronger. Or at least Larger.

World's Largest Economy this year.....
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MarkJames
Champion Author Albany

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Message Posted: Apr 25, 2014 8:43:55 AM

Like Family Dollar which is closing many stores, many of our commercial customers are doing poorly this year.

They're not "cheap enough" in a time when many are not buying, not spending as much, trading down to lower priced alternatives, shopping online etc.

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MarkJames
Champion Author Albany

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Message Posted: Apr 24, 2014 7:59:10 AM

Several of our relatives worked at stores located within sight of, or a short distance from Walmart.

--When Walmart moved several miles down the road business at their stores dropped substantially immediately after they opened the new store.

Due to the drop in business, many had their hours cut substantially, so they had to find other jobs.


Some stores are now relocating, or looking to relocate closer to Walmart.

Business and traffic in the neighboring town where Walmart relocated is substantially higher.



[Edited by: MarkJames at 4/24/2014 7:59:24 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Apr 23, 2014 3:11:35 PM

Contrary to what some posters here want to believe, the economy gets better
when WalMart builds a SuperCenter in a community.

"Walmart Supercenters in California benefit communities by supporting additional job creation, small business growth and more robust sales tax revenues, according to a new economic impact report."

"The research revealed that on average California communities with Walmart Supercenters experience positive gains in taxable retail sales and an increase in the average number of retail business permits. What’s more, similar-sized communities in both northern and southern California without Walmart Supercenters either experienced a decline in average taxable retails sales or fell short when compared to a similar-sized community with a Walmart Supercenter."

Walmart Supercenters are a Win for California Communities

So, contrary to the poplar misconception that the building of a SuperCenter drives small "mom and pop" stores out of business, the exact opposite is true, that the business base of an entire community grows after a SuperCenter opens.

It even helps the tax base. I wonder if a city, oh, let's take San Bernardino for example (where local zoning officials pointed out with delight that they had blocked WalMart from building stores in their fair city), had been blessed with some of these large vibrant stores, the city's economic health might be better and they would not have gone bankrupt. And the people could buy groceries for less, leaving them more money in their pockets to spend at other businesses.

Nah, can't allow any of that!
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MarkJames
Champion Author Albany

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Message Posted: Mar 30, 2014 8:39:44 AM

Locally we had one of the coldest winters ever, so the costs of natural gas, propane, heating oil, kerosene, electric, boiler/furnace repair/replacement, frozen/burst water/boiler piping repair/replacement and water damage repair has eaten up savings, income and credit.

The cold weather and late spring has eliminated, or delayed much work as well.
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MarkJames
Champion Author Albany

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Message Posted: Mar 30, 2014 8:13:54 AM

<<Forbes reports just how poor US shoppers are.>>

The financial situation of many individuals and households is so bad that Walmart is too expensive.

Many locals are doing more and more shopping at deep discount stores - Aldis, Dollar General, Save-A-Lot, Dollar Tree etc, plus buying less, trading down, opting out, shopping online.

Inflation has hurt much of our own sales.
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wbacon
Champion Author Philadelphia

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Message Posted: Mar 30, 2014 5:06:29 AM

no, when we have a conservative congress, 61 conservative senators and a conservative majority in the House of reprsentitves and a conservative president

[Edited by: wbacon at 3/30/2014 5:07:09 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Mar 30, 2014 1:57:59 AM

Forbes reports just how poor US shoppers are.

I left out one detail, about how they reached that assessment.
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101Speedster
Champion Author Ventura

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Message Posted: Feb 10, 2014 2:39:12 PM

Obama thinks so.

Just look how the unemployment rate keeps dropping. LOL
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MarkJames
Champion Author Albany

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Message Posted: Feb 3, 2014 10:00:22 AM

<<mj: "We're making crazy money in the heating business due to fuel usage and all the emergency service and emergency installations due to equipment working overtime, plus frozen, burst pipe and water damage. "Careful, some of our posters on the left here may start accusing you of profiting from "climate change", since that term now includes any weather they choose to lump into it in an effort to forward their scam.>.

We have many customers that accuse of of price gouging due to sub zero temperatures and emergencies although our prices for same day service, emergency service and emergency installations are roughly the same regardless of temperatures and demand.
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MarkJames
Champion Author Albany

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Message Posted: Feb 3, 2014 9:56:01 AM

When the economy gets better we should see much higher numbers of employees quitting due to better job opportunities, plus much fewer well qualified job applicants.

Currently we have the lowest turnover ever and the most well qualified and overqualified job applicants ever.

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mudtoe
Champion Author Cincinnati

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Message Posted: Feb 1, 2014 10:38:46 AM

mj: "We're making crazy money in the heating business due to fuel usage and all the emergency service and emergency installations due to equipment working overtime, plus frozen, burst pipe and water damage. "


Careful, some of our posters on the left here may start accusing you of profiting from "climate change", since that term now includes any weather they choose to lump into it in an effort to forward their scam.


mudtoe
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Feb 1, 2014 10:07:36 AM

NO!!!
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MarkJames
Champion Author Albany

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Message Posted: Feb 1, 2014 8:18:31 AM

We're making crazy money in the heating business due to fuel usage and all the emergency service and emergency installations due to equipment working overtime, plus frozen, burst pipe and water damage.
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I75at7AM
Champion Author Dayton

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Message Posted: Jan 31, 2014 4:27:59 PM

This might help.

Walmart announces $10 million fund to spur innovation and support U.S. manufacturing

"Last year Walmart announced that it will buy an additional $50 billion in American products. That's $50 billion more than it does today 10 years from now. Walmart estimates that its $50 billion pledge, in the 10th year, will result in Walmart buying an additional $250 billion cumulatively over the next 10 years. This pledge is in an effort to grow U.S. manufacturing and encourage the creation of U.S. jobs."

"Walmart and the Walmart Foundation will fund the five-year program and work in collaboration with the U.S. Conference of Mayors to launch it in March. The fund will provide grants to innovators in the manufacturing sector and seeks to create new processes, ideas, and jobs that support America's growing manufacturing footprint.

"If we want to grow manufacturing and help rebuild America's middle class, we need the brightest minds in our universities, in our think tanks, and in our towns to tackle obstacles to U.S. manufacturing," said Simon."

" Additional supplier information:
72 percent of Walmart suppliers believe that manufacturing in the U.S. will be cost favorable within four years or less.
40 different departments at Walmart are in active discussions with suppliers to manufacture here."

For additional information about Walmart's commitment to U.S. manufacturing, visit: U.S. Manufacturing
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MarkJames
Champion Author Albany

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Message Posted: Jan 25, 2014 10:11:06 AM

In 2103 I had record numbers of tenant evictions for non payment of rent, most due to lower incomes - reduction in hours, loss of jobs etc.

-

--I took back 5 privately financed properties as well due to the same issues.

---I performed 9 evictions of holdover tenants in foreclosure and tax seizure properties as well.


[Edited by: MarkJames at 1/25/2014 10:10:31 AM EST]
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MarkJames
Champion Author Albany

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Message Posted: Jan 25, 2014 10:02:00 AM

I have long waiting lists for most of my rentals - apartments and homes.

Many can't afford down payments, mortgage payments, property taxes, heat, heating oil, propane, maintenance, repairs etc.

More and more want to remain mobile due to poor job security as well.

Cash buyer/investor/landlords like myself snap up most of the bargains.
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jeskibuff
Champion Author Tampa

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Message Posted: Jan 25, 2014 9:32:18 AM

The housing market isn't doing too bad, except for the fact that owning a house is now more unaffordable ever for many people.

A house in my neighborhood got snatched up soon after it came on the market. I thought that was a good sign that things may be improving. The "pending sale" sign went down, soon to be replaced by a "for lease" sign.

Investors are the ones buying the homes and renting them out to people whose credit has been decimated or whose (lack of) savings have prevented them from being able to purchase.

This article talks about first-time home buyers getting the brunt of the raw deal.

So, the Dumbocrats tweaked the CRA to make it so that everyone who wanted a home could buy a home, right? They screwed up the finance system so that banks would be forced to issue loans to people who couldn't qualify for them. As more and more people found the easy money too hard to resist, demand for housing went up as did the housing prices. Then when the loan defaults started to flood the system the market collapsed, causing housing prices to plummet, credit scores damaged severely, the ripple effect of jobs lost and the recession. With interest rates kept artificially low by the Fed, investors put a lot their cash into the housing rental sector, as people STILL needed homes in which to live. So, the final outcome of the (perhaps well-intentioned) effort by Dumbocrats to make home affordability universal ended up helping the rich get richer and the poor to get poorer.

Seems like an oft-repeated pattern, doesn't it?
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MarkJames
Champion Author Albany

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Message Posted: Jan 24, 2014 1:26:16 PM

We're seeing something very bad happening to many of our employees, relatives, customers and tenants.

They can't afford rents, homes, heating costs, property taxes, maintenance, repairs etc, so they're moving in with relatives, friends etc.

When this happens the incomes of all household members disqualifies them from receiving numerous welfare benefits.
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