Global Economy Bursting?

[Restrain]

Dept of Labor released unemployment data showing a decline in jobless claims. However, actual data showed a surge of almost 90,000 above the reported "seasonally adjusted" figures, showing an actual increase of claims. Figures lie and liars figure.

 

[Meandering]

Happened before, taxes raised during "the depression".
Just means we will sink again, then rise again.
Good time to buy stocks and such if you happen to have money for more than beans &/or ammo to get the beans.
Oh, wait, after tax rise during great depression, we came back because we went to war.
Well, there are handy hot spots all over the globe.
What does anyone think, will this be called The Greater Depression, The Worldwide Mood Disorder, or.......... ?
/

The Worldwide Mood Disorder has my vote.

The problem with going to war is that WE don't go to war anymore.

Only the young unemployeed, mostly lower income kids go to war. Everyone else watches it on TV.

Could you ever foresee the country in the same position as it was in 1940 with factories opening up to build bombs and ammo and the women working in them while the men of the country went off to fight the war?

More like a few geeks surf the internet for global ammo suppliers and the rest of us go about what we do every day, not concerned.

.


.

 

[Austin]

SHOCK: STOCKS '50% LOWER' WITHOUT FED PUMPING...
http://www.cnbc.com/id/48165921
I thought some of you stock jockeys might enjoy this. These cards are marked!!

You are playing a rigged game just like the Libor deal.

 

[Couch Potato]

SHOCK: STOCKS '50% LOWER' WITHOUT FED PUMPING...
http://www.cnbc.com/id/48165921
I thought some of you stock jockeys might enjoy this. These cards are marked!!

You are playing a rigged game just like the Libor deal.

Stocks are like betting on WWE matches. :new_all_coholic:

If you study the patterns, you can do quite well. If "they" are out to make you lose, there is nothing you can do about it.

 

[Terrel L. Shields]

With folks saying the Fed will have to do QEIII, the market is manipulating the Fed. Some say they will hold off after the election. Some blame Greenspan for Bill Clinton defeating Bush I, saying the raising of the interest rate just before the election slowed the economy...made Clinton's claim of "It's the Economy, Stupid" work. Perhaps. I voted Perot...so what did I know?

Greenspan supposedly vowed never to be in a position where an interest rate change or action of the Fed would affect the outcome of an election. Bernanke seems mindful of that. QE III will pop the market for about 4 hours, then it will plunge...my guess. Rather than think the economy is being helped, the traders realize that they can price in QE III BEFORE it actually occurs, then the question is, HOW BAD IS the economy??? when the Fed needs to act? Ultimately I don't think their actions can help the president and likely not hurt him either. They are becoming less relevant as each day passes. They have failed at stimulating jobs or keeping the economy on an even keel. They have no bullets left in their arsenal because they basically shot them all in 2008. The most positive thing would be for congress to call for Bernanke to step down and/or overhaul the Fed significantly....neither ever will happen for fear of turmoil in the "market" and "banks" whom are considered far more important than us gentiles.
I am no fan of Carville, but he and a friend have written a book about "it's the middle class, stupid"... and he is right. The middle class is the one taking it in the shorts. For all the tax the rich sentiment out there, remember for every Billionaire in America, There are 1000 people who make $1,000,000 a year or more (about 300,000 people). And for every million dollar employee, there are 1100 people making less....

So who pays more to the government? 1,100 taxpayers paying taxes on $46,000? or 1 "average" million dollar earner? The middle class supports most of the government. They always have. They always will. Take half a million from 300,000 millionaires (50% tax rate) and you don't have enough to bailout GM... (150 billion if i figured in my head right.) And that's something under 10% of what the middle class would pay.

 

[Couch Potato]

Here is a nice little trick question:

Who pays a higher federal tax rate on their "next dollar" an appraiser who already earned $75,000 or one who already earned $750,000?


Here is a little help:
25% + 2.9% + 10.4% = 38.3%
35% + 2.9% = 37.9%

 

[Restrain]

In an aside about GM (Government Motors). GM has reported a record year in sales. However, when you look inside the numbers, 79% of the sales have been to the U. S. Government (gotta have those Volts and black Suburbans).

 

[Big ole Boy]

youtube video for the newcomer to this thread

Housing Market Malaise: How Long Will Real Estate Remain Sick? - YouTube

What yells out from this video clip is the fact that our economy is not ours -its the elites

guys in tennis shoes talking about real estate while on target - have no influence in this devolving economic system.

Free markets are just no longer part of our Maoists/Marxists/Socialist/Fascists system - an inverted totalitarianism.

 

[Randolph Kinney]

New Report Predicts Widespread American Job Losses

http://www.marketwatch.com/story/ne...ad-american-job-losses-2012-07-17?siteid=nbkh

A new economic impact analysis concludes that 2.14 million American jobs could be lost if the Budget Control Act's sequestration mandate takes effect on January 2, 2013. That is the date that budget cuts of $1.2 trillion start throughout government unless Congress and the administration agree on a solution.

"The results are bleak but clear-cut," said Fuller. "The unemployment rate will climb above 9 percent, pushing the economy toward recession and reducing projected growth in 2013 by two-thirds."

 

[Randolph Kinney]

Bernanke signals Federal Reserve ready to take steps in face of weakening economic outlook

http://www.marketwatch.com/story/be...s-ready-to-act-2012-07-17-1091012?siteid=bnbh

Federal Reserve Board Chairman Ben Bernanke on Tuesday sketched out for members of Congress the weaker economic outlook, and stressed that the central bank is prepared to take further action to try to give the recovery a jolt.

Bernanke urged Congress to move right away to address the looming fiscal cliff, saying it threatened the recovery. He said that the European debt crisis was also a significant threat.