What's in Store for the U.S. Economy in 2010? [View article]
I'm concerned things get a lot worse in 2010.
Higher taxes across the board, fed., state, local, for rich and for poor.
Higher gas prices if the dollar keeps falling.
Much higher utility bills if crap and trade passes.
Higher health care costs for anyone who earns money in some way. If you refuse to work or you're an illegal alien, you get free health care.
People are barely getting by now. They cannot afford Barak Obama.
Change you can believe in is a double dip recession with 15% unemployment and constant kicks to the ass for anyone who contributes to the economy in any way so that we can give free stuff to people who don't want to work.
S&P 500 drops to 666 again, then 550. Maybe worse. Hard to say. We've never had this level of insanity before.
I heard Larry Kudlow make the same comment last night- "Stocks have gone NOWHERE in the last 8 years".
Has everyone forgotten that stocks FLUCUATE?
They did indeed go somewhere. They went down alot from 2000-2003. Then they went up hard in 2003. Sort of flat 2004-2005 or so. Then nice long rally up to October of 2007. Then another long decline until the bottom fell out in fall 2008 and spring 2009. Then a rally of major proportions from March 2009 until now.
I'd say that is what you call "going somewhere" instead of going nowhere. You just need to know when to be in and when to take some off the table. If you have the time to visit websites like this one then you should have the time to keep an eye on your stocks and take necessary action as needed.
I'll go ahead and tell you what to do next for free. Get bearish in 2010 until Obama gets booted out of office in the next election. I can't imagine any sort of good scenario for stocks with high taxes, high inflation, and high gas prices. Maybe some gun stocks and Dollar General might be ok. Otherwise, we're screwed.
Richard Russell: Downturn Will Be 'Vicious' [View article]
"As a person who has made their living SOLELY from allocating capital and writes a successful "- blah, blah, blah- whatever.
You're probably a retiree netting $50 on a good month with your E-trade account.
Can you just post a comment without bragging about your massive multi-trillion dollar hedge fund successes?
On Dec 09 11:20 PM bobbybutte wrote:
> As a eprson who has made their living SOLELY from allocating capital > and writes a successful newsletter for newsmax let me add a few things > > > Buffett the man who has made 158 billion investing says the financial > crisis has passed > > 10,000 academia nuts who have not made 158 dollars investing have > predicted doom and gloom > > Gee who you going to believe?
The Economy Can't Be That Bad if Thousands Can Pay $100 for a Ballgame [View article]
I can't comment on baseball games, but I do watch Nascar and I've noticed as many as half the seats empty at many races lately. They cleverly try to keep the cameras off the stands but once in a while you can see just how empty they are. Nascar fans are some of the most dedicated out there, so if they aren't going to the races you know they are hurting.
The Coming Economic Collapse, Part 3 [View article]
If you stacked up all the articles since 1985 warning that the U.S. has too much debt and is doomed, the stack would reach to Jupiter. Seems like it should be a problem to me too. The rest of the world doesn't seem to really give a hoot though because they continue to buy our debt.
I'm sure Obama will come up with something to fix this. He will pull a rabbit out of his hat with some new Change We Can Believe In.
Or maybe we'll all be sitting around 20 years from now reading new articles about the U.S. debt and how it can't possibly go on like that any longer.
When I saw "Obama" and "brilliant" in the title of your post I thought you were being sarcastic. I'm not used to seeing those two words in the same sentence.
IF unemployment is beginning to improve, it's happening IN SPITE OF Obama being in office rather than BECAUSE he's in office.
If he passes the health care and cap and trade fiascos, say hello to great depression #2.
What's in Store for the U.S. Economy in 2010? [View article]
OK, Bush was not the smartest president we've ever had. I'll give you that one.
But I blame lots of people for getting us in this mess- Bush, Barney Frank, Bill Clinton, greedy mortgage investors, etc. Anyone who played a part in giving people with sh*tty credit home loans. They are all to blame for that ridiculous fiasco.
Now, Obama promised us during the election that he could fix this mess so it's his baby now and I expect him to fix it and do it without raising my taxes ONE PENNY because I make less than $250,000/yr.
But that's not gonna happen because he lied to all his gullible followers didn't he?
Instead of fixing things, he is going to stomp the hell out of the delicate green shoots with all his taxes and liberal agenda.
CHANGE WE CAN BELIEVE IN.
On Dec 22 09:33 AM Mike from NYC wrote:
> The USA couldn't afford Bush!!!!! The first president ever who lowered > taxes while starting 2 wars. > > What did Bush tell Americans shortly after 9/11 when planes still > weren't allowed to fly? GO SHOPPING!!!!!!!!!! > > While some of Obama's policies have been questionable the idea that > he caused the mess we will see in 2010 is a joke. What we have been > witnessing for past 1.5 years are as a result of failed policies > going back to the mid 70s and continued unabated since then. > > The first major shoe to fall was the failure of 'Big Steel' in the > late 70s and our downward spiral has continued since that time and > now we have a joke of an economy or what purports to be an economy. > Economic growth in the USA has been as a result of ever increasing > debt - both public and private - since the 80s, inflation and basically > nothing else. USA exports have declined and our trade deficits exploded. > The only thing American companies seem to export anymore is jobs > for the most part. > > It's a very painful admission to make but unfortunately it is the > truth.
Important Economic Indicators Suggest the Worst Has Passed [View article]
The worst WOULD be behind us, but it's not, because of what comes next:
1. Obama jacks up our taxes. Not just the rich- all of us. 2. State and local tax hikes. 3. The health care fiasco passes. 4. Cap and trade passes. 5. Gas goes up to $4-5 or more on the falling dollar, green incentives, etc.
If people are barely getting by this year, next year will really get ugly.
Sort by:
Latest comments | Highest ratedIf It Looks Like a Bull, Walks Like a Bull, Acts Like a Bull… [View article]
40 Things to Expect in 2010 [View article]
If you make 40 predictions, you are bound to be right about something.
It's hard for me to make predictions when we have such unpredictable behavior in Washington.
I believe the economy is trying to improve and Obama is trying to kill it. I predict that continues in 2010.
What's in Store for the U.S. Economy in 2010? [View article]
Higher taxes across the board, fed., state, local, for rich and for poor.
Higher gas prices if the dollar keeps falling.
Much higher utility bills if crap and trade passes.
Higher health care costs for anyone who earns money in some way. If you refuse to work or you're an illegal alien, you get free health care.
People are barely getting by now. They cannot afford Barak Obama.
Change you can believe in is a double dip recession with 15% unemployment and constant kicks to the ass for anyone who contributes to the economy in any way so that we can give free stuff to people who don't want to work.
S&P 500 drops to 666 again, then 550. Maybe worse. Hard to say. We've never had this level of insanity before.
How Today’s 2.46% Dividend Yield Could Destroy Your Wealth [View article]
Obama doesn't like throwing away money on dividends to shareholders when it can be given away to someone who won't work or has bad credit instead.
Gone Nowhere in 8 Years [View article]
Has everyone forgotten that stocks FLUCUATE?
They did indeed go somewhere. They went down alot from 2000-2003. Then they went up hard in 2003. Sort of flat 2004-2005 or so. Then nice long rally up to October of 2007. Then another long decline until the bottom fell out in fall 2008 and spring 2009. Then a rally of major proportions from March 2009 until now.
I'd say that is what you call "going somewhere" instead of going nowhere. You just need to know when to be in and when to take some off the table. If you have the time to visit websites like this one then you should have the time to keep an eye on your stocks and take necessary action as needed.
I'll go ahead and tell you what to do next for free. Get bearish in 2010 until Obama gets booted out of office in the next election. I can't imagine any sort of good scenario for stocks with high taxes, high inflation, and high gas prices. Maybe some gun stocks and Dollar General might be ok. Otherwise, we're screwed.
Jim Rogers Shares His Thoughts on the Market [View article]
Gas Tax: Will Thomas Friedman Silver Bullet Work? [View article]
Richard Russell: Downturn Will Be 'Vicious' [View article]
You're probably a retiree netting $50 on a good month with your
E-trade account.
Can you just post a comment without bragging about your massive multi-trillion dollar hedge fund successes?
On Dec 09 11:20 PM bobbybutte wrote:
> As a eprson who has made their living SOLELY from allocating capital
> and writes a successful newsletter for newsmax let me add a few things
>
>
> Buffett the man who has made 158 billion investing says the financial
> crisis has passed
>
> 10,000 academia nuts who have not made 158 dollars investing have
> predicted doom and gloom
>
> Gee who you going to believe?
The Economy Can't Be That Bad if Thousands Can Pay $100 for a Ballgame [View article]
The Coming Economic Collapse, Part 3 [View article]
I'm sure Obama will come up with something to fix this. He will pull a rabbit out of his hat with some new Change We Can Believe In.
Or maybe we'll all be sitting around 20 years from now reading new articles about the U.S. debt and how it can't possibly go on like that any longer.
Matt Taibbi: Obama's Big Sellout [View article]
On Dec 13 04:51 PM woodsey wrote:
> Did we vote against .... BUSH because he was for WAR? !!! Why did
> we vote for OBAMA?
Obama's Brilliant 'Jobs Summit' Move [View article]
IF unemployment is beginning to improve, it's happening IN SPITE OF Obama being in office rather than BECAUSE he's in office.
If he passes the health care and cap and trade fiascos, say hello to great depression #2.
Can We Please Do Something About Rising Oil Prices? [View article]
You're concerned about the price of gas going up so you want to add a tax to it to make things better???
Nice.
You probably ride a bike to your job one block away from your house. If you even work.
What's in Store for the U.S. Economy in 2010? [View article]
But I blame lots of people for getting us in this mess- Bush, Barney Frank, Bill Clinton, greedy mortgage investors, etc. Anyone who played a part in giving people with sh*tty credit home loans. They are all to blame for that ridiculous fiasco.
Now, Obama promised us during the election that he could fix this mess so it's his baby now and I expect him to fix it and do it without raising my taxes ONE PENNY because I make less than $250,000/yr.
But that's not gonna happen because he lied to all his gullible followers didn't he?
Instead of fixing things, he is going to stomp the hell out of the delicate green shoots with all his taxes and liberal agenda.
CHANGE WE CAN BELIEVE IN.
On Dec 22 09:33 AM Mike from NYC wrote:
> The USA couldn't afford Bush!!!!! The first president ever who lowered
> taxes while starting 2 wars.
>
> What did Bush tell Americans shortly after 9/11 when planes still
> weren't allowed to fly? GO SHOPPING!!!!!!!!!!
>
> While some of Obama's policies have been questionable the idea that
> he caused the mess we will see in 2010 is a joke. What we have been
> witnessing for past 1.5 years are as a result of failed policies
> going back to the mid 70s and continued unabated since then.
>
> The first major shoe to fall was the failure of 'Big Steel' in the
> late 70s and our downward spiral has continued since that time and
> now we have a joke of an economy or what purports to be an economy.
> Economic growth in the USA has been as a result of ever increasing
> debt - both public and private - since the 80s, inflation and basically
> nothing else. USA exports have declined and our trade deficits exploded.
> The only thing American companies seem to export anymore is jobs
> for the most part.
>
> It's a very painful admission to make but unfortunately it is the
> truth.
Important Economic Indicators Suggest the Worst Has Passed [View article]
1. Obama jacks up our taxes. Not just the rich- all of us.
2. State and local tax hikes.
3. The health care fiasco passes.
4. Cap and trade passes.
5. Gas goes up to $4-5 or more on the falling dollar, green incentives, etc.
If people are barely getting by this year, next year will really get ugly.