sheople

7 Signs of an Economic Bottom

Oh, yes. I do think you should add one more sign. It's of the continued job losses. If jobs are not there (all shipped overseas), how is the economy going to recover? Oh, we are going to all just sell Chinese goods to one another? Good idea. The bottom is here!

5 Indicators the Economy Is Recovering

The solution to climbing out of this massive quagmire is summed up with four little letters jobs. I don't know that the answer is everyone mopping floors and cooking french fries. Therefore, I find it hard to visualize a recovery anywhere.

Made in USA Is Alive and Well

Amen, Rob


On Feb 22 06:08 AM Rob Viglione wrote:

> It's a shame that such strong productivity in the American labor
> market is not capitalized the way it should. Rather, excessive regulatory,
> tax, and union burdens render our capabilities less competitive in
> the global marketplace. Something as simple as the Fair Tax could
> revolutionize American manufacturing, making us the country companies
> flock to to produce goods.

Financials Getting Slaughtered

When you own a home it does not matter how "nice" the house looks. If the foundation is crumbling, the house is doomed. The foundation of our economy was built on jobs, manufacturing to be specific. We shipped those jobs out of the country. Our foundation is shot. Mark Riddix is pointing out how bad our house is beginning to look. Nothing is being done to fix our problem. We just remodel and reface the house while it's foundation continues to erode.

Odds on a Two-Year Recession and a Three-Year Bear

24 months, huh? Well I've been telling my friends and writing the paper once in awhile for closer to 10 years. It wasn't much fun watching our manufacturing move outside the U.S. borders. It hasn't been much fun watching our border laws being ignored. With no manufacturing and an abundance of cheap labor, what could anyone possible think would happen? Until we begin to address our JOB problem (and not the government hiring everyone), nothing will be fixed whether it be two years or ten.

Forecast: Recovery, But Not Until Q3

Oh yeah, and by Q3 50% of our GDP will be manufacturing, too. Please pass me another toke.

A Financial History of the World

Mr. Niall Ferguson should stay out of the way of our inept leaders, they're on a mission.

Mortgage Subsidies: Arguably Useless, Likely Expensive

Don't discount manipulation. There's not much the fed reserve won't do.

$800 Billion: Too Much? Too Little? Yes.

By protecting the "surpluses" of Bill Clinton's regime, the inevitable might have been delayed, possibly. When a country ships it's manufacturing out of the country and imports cheap labor, the standard of living falls. It is inevitable. That's pretty simple. Cheer for whatever regime you want, for at least the last 20 years we have been headed down this road.

U.S. Debt Default, Dollar Collapse Altogether Likely

Rusky, Call it what you will. Default or hyperinflation, the results will essentially be the same. All of our govenment economists must be lost in the political climate.


On Feb 08 10:39 AM Russian Bull wrote:

> I must say, I just stumbled on this article and while it was short,
> it was very thought provoking as is the comment stream (though it
> is emotional to say the least).
>
> For me, it seems that the reduced tax revenues--at both the state
> and federal level--will become the next crux of the current US crisis.
> It will be interesting to see how that plays out in the next 12-18
> months.
>
> With regards to the passing of any storm....I do believe we are going
> into the backside of the storm so things will get worse before they
> get better and, again, the reduction in tax revenues will lag behind
> the market by some 'N' amount of time and its effects are still unknown
> (though California seems to be giving us a lead on that.)
>
> In terms of the USD....I can only hypothesize that due to the amount
> of forced liquidations, desire for people to sit on 'cash', and the
> current fear in the emerging markets (and their currencies), we are
> simply seeing an increased demand for USD.
>
> Which leads me to the top of this article and the question posed
> by a commenter: what if you had a printing press in your basement?
> Would you ever default or would you quietly keep paying the butcher,
> the baker and the bread maker with your Super Notes?

U.S. Debt Default, Dollar Collapse Altogether Likely

David, with due respect, I'm thinking you are wearing some kind of tinted glasses.


On Feb 03 10:20 AM David Roskoph wrote:

> This storm has already passed and the dollar has necessarily survived.
> When the world was reassembled in Bretton Woods (1944) the dollar
> was linked to gold, now it will replace gold. American capitalism
> has won the world and contracts or not, America will not fall as
> its leader. The consequences of our failure would cast the world
> backward 20 years. The world IS supporting the US dollar even though
> we solemly swear our presses will run round the clock; it's the value
> of the franchise. Gold is supported by a public frightened into thinking
> this will result in a complete meltdown (again). Markets are ever-more
> a fleecing ground, just like the good old pre SEC days. My guess
> is central banks are selling as gold is moving away from being a
> monetary instrument.
>
> ps. Nice methapors

This Is Just the Beginning

Dave, I might agree with you if we had money to burn, which we don't. Assuming that the dollar could recover, the taxpayer will be inundated with taxes, assuming that we are going to pay our debts. Realistically you are right only if the dollar is to fail and the monies will not have to be paid back. The stimulus to the economy is like kicking a dead person. The body will move from the kick.

On Feb 08 09:31 AM Dave Wrixon wrote:

> Well I think you have just about said it.
>
> I think, however, right as you are in rest of your argument, the
> stimulus is needed, not to bring about recovery, which it never could
> but simply to mitigate the level of disjoint from the immediacy of
> the pending shock. Its effect at best will be to serve like an air
> bag in a road accident.

Executive Pay Restrictions Will Deplete Wall Street's 'Elevator Assets'

Your statement, "President Obama’s move to impose further restrictions and rules is a step in the wrong direction.", could be right, but something had to be done. As one small dot on "Main Street", As far as these CEO's being "talent" or an "asset", it's debateable. They have been sucking off of Main Street for quite a few years. I would just as soon they went the same way as the manufacturing they helped move overseas.

Bail Out the Future, Not the Past

Jubilee, I'm thinking banks are not our only problem. A big problem is jobs. When 70% of an economy is based on "what we spend", a "bust" is inevitable. The big bankers (fed reserve not excluded) made money from sending our manufacturing off shore. If this is the banking problem you are talking about, I agree with you.


On Feb 02 12:46 PM Jubilee Year wrote:

> Brilliant! Indeed, thank you. The banks are the problem right now,
> and they are dragging down the real economy with them. We need nothing
> more than a radical reimagination of the way things can and should
> be done.

Rx for Correcting Global Imbalance

ag2009, I find your statement, "The problem is not Americans spending money to employ people from
other parts of the world. This spending employed people and helped other countries achieve their potential for productivity. Ratherthe problem is those countries taking that money and hoarding and lending it, rather than spending it to employ Americans."

These other countries did not move manufacturing out of their country, to the point of giving the manufacturing tax incentives to move. That is exactly what we did. Do you think these same Wall Street Bankers on the public doll now were not raking in profits moving these factories overseas? Now that the chickens have come home to roost, so to speak, these same bankers are receiving taxpayers money. Not a bad deal, if you can get it. We need to thank our politicians and the federal reserve. Also, we citizens sat back & let it happen.


On Jan 31 08:17 AM ag2009 wrote:

> I'm so glad people are starting to report on the difference between
> spending money and saving/investing/lendi... money.
>
> The problem is not Americans spending money to employ people from
> other parts of the world. This spending employed people and helped
> other countries achieve their potential for productivity. Rather
> the problem is those countries taking that money and hoarding and
> lending it, rather than spending it to employ Americans.
>