A Pullback Would Be Healthy at This Point [View article]
That's right we got to be cautious at this point. A colleague made a comment that an old lady who kept her money under her bed are feeling more secure than others now. I guess he's right.
The phrase “A return to heavy spending would accelerate the recovery”, this is intriguing and I’m afraid that you might be right.
People will not bite at this point and yeah you may say lots have chickened out. I guess people have learned a lot and are now being conservative, cautious and wiser.
On Apr 09 11:47 PM Ray Hendon wrote:
> Cetin Hakimoglu: You are correct that homeowners cashing in (and > spending) the equity of their home was not the only contributor to > the spending bubble. My point is that spending was high for many > reasons, including those you point out, but it was the last straw > on an already supplied-constrained economy. It pushed prices much > higher and contributed greatly to manufacturing output. Furthermore, > this kind of bubble-associated spending will not return for a long > time--and its presence will be missed, because it means a lower level > of production and income for the nation. We will simply have to > adjust to a little less than we got used to. > > I'm not so sure I agree with you that spending will return to negative > territory, later this year. The great depression left a huge mark > on those who endured it. They saved more for all of the rest of > their lives. They worked hard and spent frugally. > > I am not saying that our current situation is near as traumatic as > the great depression, but it is of significant magnitude to cause > some permanent change. I think that Americans will be saving more > for a long time, even past the beginning of the recovery. Confidence > is shaken, and shaken citizens are more prone to pull back. I may > be entirely wrong, and I hope I am, because a return to heavy spending > would accelerate the recovery. > > Thanks for the comments. > > Best Wishes, > > Ray >
Data Not Supportive of Higher Stock Prices [View article]
I've been waiting for good news myself and hoping things will turn 360 degrees in a good way pretty soon. Wake me up if I'm just dreaming.
On Apr 10 12:01 AM User 392396 wrote:
> People are starting to look for alternative earnings, some are brave > enough to make risky move at this point, others refer to them as > "silly ones" that's their choices. > > I just want to hear some good news at this point. It's been flooding > bad news lately.
Data Not Supportive of Higher Stock Prices [View article]
People are starting to look for alternative earnings, some are brave enough to make risky move at this point, others refer to them as "silly ones" that's their choices.
I just want to hear some good news at this point. It's been flooding bad news lately.
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Latest | Highest ratedRolling Buy-Ins and Assorted Other Market Factors [View article]
A Pullback Would Be Healthy at This Point [View article]
Seeking Signs of Recovery [View article]
People will not bite at this point and yeah you may say lots have chickened out. I guess people have learned a lot and are now being conservative, cautious and wiser.
On Apr 09 11:47 PM Ray Hendon wrote:
> Cetin Hakimoglu: You are correct that homeowners cashing in (and
> spending) the equity of their home was not the only contributor to
> the spending bubble. My point is that spending was high for many
> reasons, including those you point out, but it was the last straw
> on an already supplied-constrained economy. It pushed prices much
> higher and contributed greatly to manufacturing output. Furthermore,
> this kind of bubble-associated spending will not return for a long
> time--and its presence will be missed, because it means a lower level
> of production and income for the nation. We will simply have to
> adjust to a little less than we got used to.
>
> I'm not so sure I agree with you that spending will return to negative
> territory, later this year. The great depression left a huge mark
> on those who endured it. They saved more for all of the rest of
> their lives. They worked hard and spent frugally.
>
> I am not saying that our current situation is near as traumatic as
> the great depression, but it is of significant magnitude to cause
> some permanent change. I think that Americans will be saving more
> for a long time, even past the beginning of the recovery. Confidence
> is shaken, and shaken citizens are more prone to pull back. I may
> be entirely wrong, and I hope I am, because a return to heavy spending
> would accelerate the recovery.
>
> Thanks for the comments.
>
> Best Wishes,
>
> Ray
>
Data Not Supportive of Higher Stock Prices [View article]
On Apr 10 12:01 AM User 392396 wrote:
> People are starting to look for alternative earnings, some are brave
> enough to make risky move at this point, others refer to them as
> "silly ones" that's their choices.
>
> I just want to hear some good news at this point. It's been flooding
> bad news lately.
Data Not Supportive of Higher Stock Prices [View article]
I just want to hear some good news at this point. It's been flooding bad news lately.