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

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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: Oct 24, 2014 1:40:21 PM

Uh oh. A high flyer continues it's slo-mo crash and burn:

Amazon shares drop 13 percent on missed estimates
"Amazon reported a third-quarter loss and revenue that missed analysts' expectations on Thursday. The online retailer also projected weaker-than-expected sales for the important holiday quarter.

The company posted a loss of 95 cents per share, compared to a loss of 9 cents per share in the year-earlier period."

A loss of 95¢ is HUGE !!!

Amazon's loss makes holidays a question mark
"Investors are increasingly irked by Amazon's strategy of investing heavily in new products and services to spur revenue growth while reporting quarter after quarter of losses or thin profit."

"Chief Financial Officer Thomas Szkutak said the company had to be "selective" in taking on new projects. For years, Amazon's strategy has been spending the money it makes to grow and expand into new areas."

Meanwhile, down on Main Street...... Study: Americans Afraid to Take Vacation Days
"A new study of the US business sector indicates American workers are shying from taking earned vacation time for fear that they will look like an unnecessary employee."

"The study found that American workers gave up $52.4 billion in time-off benefits last year and took fewer vacation days than at any time in the last 40 years."

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hooky
Champion Author Michigan

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Message Posted: Oct 23, 2014 10:56:23 AM

NO!!
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reb4
Champion Author Chicago

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Message Posted: Oct 23, 2014 10:15:31 AM

did you mean stink hole????
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maryanneusa
Champion Author Missouri

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Message Posted: Oct 11, 2014 10:09:27 AM

POTUS/WH = sink hole
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mweyant
Champion Author Maryland

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Message Posted: Oct 11, 2014 6:22:00 AM

EPA's Rules On CO2 Emissions Will Kill The Economy

10-9-14

editorial

"Environmental Protection Agency's new "Clean Power Plan" to reduce carbon emissions from electric power plants. These rules are estimated by the Heritage Foundation to cost the national economy some $2 trillion in lost GDP and 600,000 jobs through the next decade.

But a new study shows that some states are much bigger losers than others. Just eight — Texas, Florida, Louisiana, Pennsylvania, Alabama, Arkansas, Georgia and Oklahoma — will absorb almost as much of the carbon-reduction requirements as the other 42 states combined. Texas and Florida are responsible for one-quarter of the plan's costs.

What's curious is that all these are red states with Republican governors, and many are wondering why they get clobbered by the Obama regulatory hammer."

"Residents of Texas, Florida, Georgia and other heavily impacted states might be willing to pay those costs if there were offsetting environmental benefits. But these rules are expected to reduce world CO2 output by all of 0.018% and reduce global temperatures by 0.01 degree C. In other words, all pain with no gain."

" But a Manhattan Institute study indicates that these renewable energy standards have raised electric power costs and slowed growth and employment in such states."

No, I don't think it is getting better, and I feel that a lot of initiatives being conducted are thwarting any efforts of the economy to be healthy and thrive. Hits on full-time employees and small businesses keep money from going back into the economy.
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PopcornPirate
Champion Author New Jersey

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Message Posted: Oct 2, 2014 9:56:35 AM

Liberals NEVER let Facts get in the way of bashing a Conservative.
You should know that by now JB
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MarkJames
Champion Author Albany

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Message Posted: Oct 2, 2014 7:27:06 AM

After I collect rent from tenants and payments from our heating oil, kerosene and propane customers many don't have much money left to stimulate the economy.

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jeskibuff
Champion Author Tampa

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Message Posted: Oct 1, 2014 8:25:08 PM

BuzzLOL said: "The economy quickly collapsed and ended with a bang during the 8 years of EvilBushJr."

You conveniently left out a few key words, like...

"...due to the turmoil Dumbocrats caused by pushing subprime loans and making it way too easy for people to borrow more than they can repay."

But knowing how dishonest you are, I can understand why you chose to discard those "inconvenient facts".
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johnnyg1200
Champion Author St. Louis

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Message Posted: Oct 1, 2014 7:07:40 PM

Don't get me wrong I think the economy is in the toilet. But bacon is a bad example. There is a virus going around that is killing about 8 of ten piglets in parts of the nation. We are getting hit hard by it in Missouri. I agree with the rest of your post though.
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jdhelm
Champion Author Iowa

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Message Posted: Sep 29, 2014 8:39:40 AM

"I'm not here for the photo ops" - the choom guy says it is, but just like isis, it's his jv economy
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MarkJames
Champion Author Albany

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Message Posted: Sep 29, 2014 8:01:04 AM

Speaking of bacon, we used to sell 4 different brands, sales were good and margins were decent.

Currently we only sell one brand and pretty much sell it near cost as a service to customers. Even so it doesn't move like it used to due to the high price.

Eliminating bacon and other low margin, no margin and slow moving products freed up cooler space for high margin hot sellers - beer, soda, sports drinks, energy drinks, bottled water etc.

Our canned soup sales have decreased and our margins are lower due to skyrocketing prices as well.

More and more customers buy carts full of Ramen Noodles at the discount stores.
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101Speedster
Champion Author Ventura

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Message Posted: Sep 27, 2014 6:35:13 PM

Obama says, yes.
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BuzzLOL
Champion Author Toledo

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Message Posted: Sep 27, 2014 4:07:00 PM

.
. How much food costs can vary wildly depending on where you shop...

. Bacon costs "$5.15/lb." somewhere? Around here it's about $3 - $4.50 depending on which store... I've stopped buying bacon, it makes no sense, it's overpriced for what it is which is 50% - 99% FAT anyways... I can get ham as low as 77c/lb. around here... so just buy ham and if I want bacon, I just take a sharp knife and slice off a few thin slices and fry them up... instant lean bacon... much healthier and tastes better...

. The economy quickly collapsed and ended with a bang during the 8 years of EvilBushJr... it's now slowly recovering... but incentives for shipping jobs out of the country need to be eliminated... recovery can't happen without jobs...
.
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johnnyg1200
Champion Author St. Louis

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Message Posted: Sep 27, 2014 1:10:02 PM

The government likes to look at the inflation numbers as a gauge of the economy. Well that gauge leaves out two of the most important things to most families. The first one is energy. Gas cost is the heart and sole of Gasbuddy so I wont go into that other than to say we also need to look at the other two primary sources of energy used in America, electricity and natural gas. Electricity is going up fast but the cost of natural gas is a little more regional.

The other item left out of the inflation index is food. If you haven't been to the grocery store lately, and I don't know anyone who hasn't, prices are going up at an incredible rate.
Here are some examples

Tomato suop
2000 $.55 a can
2014 $1.09 a can I paid $1.79 last night.

GRAPEFRUIT
4-yr. change: +22%
1-yr. change: +6%
Current price: $1.02 per lb.

CHICKEN
4-yr. change: +22%
1-yr. change: +5%
Current price: $1.54 per lb

TURKEY
4-yr. change: +24%
1-yr. change: +9%
Current price: $1.73 per lb.

MARGARINE
4-yr. change: +30%
1-yr. change: -1%
Current price: $2.11 per lb.

PEANUT BUTTER
4-yr. change: +30%
1-yr. change: -2%
Current price: $2.71 per lb.

COFFEE
4-yr. change: +31%
1-yr. change: -17%
Current price: $5.00 per lb.

ORANGES
4-yr. change: +35%
1-yr. change: +23%
Current price: $1.21 per lb.

GROUND BEEF
4-yr. change: +35%
1-yr. change: +8%
Current price: $4.13 per lb.

One of my favorites BACON
4-yr. change: +53%
1-yr. change: +13%
Current price: $5.55 per lb.

These two things are what the people in America will buy before they even think about the cost of a movie ticket or a new pair of jeans. These two things, food and energy, are what suck up more of the low income families income than anything else and what they can't do without. The idea that there is no or low inflation is nothing more than a political lie. The reason that other things aren't going up in price is because after heating the house, putting gas in the tank and feeding the kids people cant afford much more. Retailers are keeping prices down to compete for the scraps that are left in the wallets of middle class America.

The press has finally stated to talk about it.
The 10 fastest-rising food prices at the grocery
Rising food prices pinching consumers
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wbacon
Champion Author Philadelphia

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Message Posted: Sep 27, 2014 4:45:40 AM

no
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 27, 2014 12:33:57 AM

Another take on today's "adjustment" to 4.6%
(following what reb4 posted)
This figure is meaningless to most people in my neck of the woods, and across large swaths of the Midwest. "It's no accident that a majority of Americans believe the country is still in a recession. Since most people view the economy through the lens of their own personal financial situation, the sense that things are still bad in many places prevails."

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SAVMOR
Champion Author Idaho

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Message Posted: Sep 26, 2014 5:01:16 PM

If anyone thinks our economy is getting better than they are really confused. The government likes to paint a rosy picture, but house sales are still falling, durable goods are rising in price, utilities are on the rise, etc.
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reb4
Champion Author Chicago

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Message Posted: Sep 26, 2014 3:32:57 PM

Yea, the numbers will all come out rolling in a great rosey economic picture...
No more bad news from the government...
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reb4
Champion Author Chicago

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Message Posted: Sep 26, 2014 3:31:16 PM

Most Americans Believe We're Still In A Recession




"Americans aren't happy with the economy, despite continuous signs of improvement. In fact, 72% of Americans "believe that the recession is still on," according to the 2014 American Values Survey.

Only 7% of American believe that they are in "excellent financial health themselves," and approximately one-third surveyed said that "they or someone else in their household had to cut back on food in the last year to save money."

Additionally, almost half of respondents said that they once believed in the American dream, but not anymore."



[Edited by: reb4 at 9/26/2014 3:31:26 PM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 26, 2014 1:59:20 PM

Well, maybe the third time is a charm.

Q2 GDP revised up to 4.6 percent

Wow! Revised upward from the original 4.0%, then to 4.2%, and now they take the final measurement of Q2 at 4.6%
Of course, this is the last quarterly number that will come out before the November Congressional election. The Commerce Dept. has outdone itself this time!

Read comments following the article for more elucidation.
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SemiSteve
Champion Author Tampa

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Message Posted: Sep 18, 2014 1:58:55 PM

Of course the economy is getting better!

-for the 1%.
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 18, 2014 12:53:52 PM

Housing starts tumble in August, signal shaky recovery

"WASHINGTON (MarketWatch) — Construction started on new U.S. homes tumbled last month, pulling back after a recent surge, signaling some shakiness in the housing market’s recovery, according to government data released Thursday.

The annual rate of housing starts fell 14.4% to 956,000 in August from 1.12 million in July, which was the fastest pace since late 2007, the U.S. Commerce Department reported."

Housing construction is such a basic industry that it is considered a bellwether benchmark of the economy. It has been volatile lately. Can't blame the weather this summer!
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 4, 2014 2:37:42 PM

New Fed pres joins the hawks:
WASHINGTON (MarketWatch)— New Cleveland Federal Reserve President Loretta Mester sided Thursday with hawks on the central bank on a key issue: whether to scrap the forward guidance at the Fed meeting later this month.

Okay, besides the story, is it just me, or does Loretta Mester look like a morph of 1980s Hollywood brat-packer Ally Sheedy and Rachel Maddow?

It seems that certain of the Fed banks are tiring of the "free money machine" and think the Fed needs to tighten up monetary policy, and soon. What will that do to our economy?
Probably less than they would like it to do....since QE has done less than they wanted it to.......
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I75at7AM
Champion Author Dayton

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Message Posted: Sep 3, 2014 3:52:35 PM

More "Not News" :Fed: US consumers have decided to 'hoard money'

The St. Louis Fed bank comes up with this assessment.

"The St. Louis Federal Reserve thinks it has the answer: A paper the central bank branch published this week blames the low level of money movement in large part on consumers and their "willingness to hoard money." The paper also cites the Fed's own policies as a reason for consumers' unwillingness to spend."

" That has happened despite nearly six years of a zero interest rate policy and as the Fed has pushed its balance sheet to nearly $4.5 trillion.

Much of that liquidity, however, has sat fallow. Banks have put away close to $2.8 trillion in reserves, and households are sitting on $2.15 trillion in savings—about a 50 percent increase over the past five years."

So, much (most) of the money the Fed has pumped into the economy with repeated doses of QE (quantitative easing) has gone straight into holdings, by banks and by consumers.
Don't forget that corporations and businesses are sitting on a 2 trillion dollar pile of cash also.

Why?
People, corporations, and businesses have no faith in the direction of this economy with the present regime's "leadership". They are waiting for the other shoe to drop.
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I75at7AM
Champion Author Dayton

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Message Posted: Aug 25, 2014 10:01:06 AM

Enough with 'Free Trade' Already!

"In the name of “free trade,” we have lost millions of middle-class manufacturing jobs. Our economy is dying, and for many of us, our standard of living is in free-fall.

What people have been calling free trade is not free trade."

"Only Ross Perot warned us of that “Giant Sucking Sound” that would be our jobs rushing out of the country.
Ross Perot was ridiculed then. Now, we can all see that he was right.
As to our “service economy,” many of the higher-paying service jobs were services to manufacturers. When manufacturing left, those jobs left, too."

Who among our leaders has the wisdom to see the reality and the courage to lead us on a better path to a stronger economy?
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MarkJames
Champion Author Albany

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Message Posted: Aug 22, 2014 8:35:29 AM

Our revenues from food stamp, HEAP, Emergency HEAP and furnace/boiler maintenance/repair/replacement customers continues to increase.

Repossessions of vehicles, equipment and propane tanks/hardware is up as well.

I've had more and more tenants move since they couldn't afford rents, more and more evictions, plus record numbers of tenants that have applied for emergency assistance to pay back, current and/or future rents.

I'm currently in the process of taking back 5 private financed homes, 1 private financed business and private financed equipment at 2 other businesses.

We have more and more bad checks, no pays and slow pays and walk-away service calls as well. A walk-away is when a customer calls for service/repairs, but can't afford repairs/replacement.

We're performing more and more COD work and/or requiring much larger downpayments before delivering products and services, or starting jobs.

We have so many customers looking for the lowest bidder that we'll only ballpark many jobs over the phone and/or tell customers we won't be the lowest bidder.

Business at 2 stores has dropped substantially, however mostly due to bad weather. August is generally one of our best months.

We're generally swamped with scheduled heating work this time of year since many call to schedule annual heating service and/or repairs, upgrades or replacement, however the phones are quiet.

We had to let 9 workers go recently since we don't have enough productive work and billable hours for them.

We've moved many workers from full-time, to part-time and on-call status as well since we're over-staffed due to stagnant, declining or cyclic workloads.

Real inflation is hiiting us hard as well. We can't pass costs to customers without losing customers, repeat customers, referrals, volume etc.
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I75at7AM
Champion Author Dayton

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Message Posted: Aug 20, 2014 2:54:04 PM

Telling statistic (2012, latest figures available):The 35.4 Percent: 109,631,000 on Welfare

"109,631,000 Americans lived in households that received benefits from one or more federally funded "means-tested programs" — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau."

The Census Bureau has not yet reported how many were on welfare in 2013 or the first two quarters of 2014."

Maybe Mitt Romney's "47%" comment wasn't far off.......
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I75at7AM
Champion Author Dayton

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Message Posted: Jul 28, 2014 4:22:28 PM

Another Doomsayer makes a prediction:
Stock trader who called three crashes sees 20% collapse

"Cook predicts that within 12 months, the market will suffer a 20% or greater pullback. Says Cook: “It may take months and months for the correction to develop."
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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
Champion 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

Posts:73,931
Points:3,045,070
Joined:Feb 2006
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

Posts:5,548
Points:1,526,815
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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

Posts:5,024
Points:57,965
Joined:Apr 2011
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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Points:44,900
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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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