wages are down

was just listening to they hype. I had never researched the actual numbers.
At least no one called me a liar ;)

but I do know that the debt has grown astronomically under Bush.
 
uscitizen said:
you are slippin :D
But as I edited in, it grew by leaps and bounds under republican control.
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Even with the greatest economy in our history behind them, the Rep Congress and Clinton Admin still managed to add $1.6 trillion to the nations debt. As did the Dem Congress and Reagan Admin. Bush Sr with a Dem Congress managed to add $1.4 trillion in just four years. But you are correct
Bush Jr and the Rep Congress have managed to top them all.... and the current Dem Congress is in no hurry to stop it.
 
I bet damo, chap, superskitsofreak, and myself are about to make some huge money in the stock market.:clink:
 
Why not I am :)

But that does not diminish how you always ridiculed me for saying predicting the subprime meltdown.
Perhaps I am right on the rest of my economic predictions as well.
 
Perhaps we'll get taken over by Canada too?
You were right about housing and too much credit, you were totally off on the broader economy.
Just another industry to stay away from in Housing. Now I have 3.
 
Topspin said:
Perhaps we'll get taken over by Canada too?
You were right about housing and too much credit, you were totally off on the broader economy.
Just another industry to stay away from in Housing. Now I have 3.
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It is just not the broader economys turn yet.
umm everything does not tend to drop at the same time and the economic results only come out ever quarter or so....
You are just premature in saying I am wrong.
 
Here's your and Desh's fatal flaw.
You scour the internet for negative economic news and use that to predict doom and gloom.
SO FAR, for two years you both have been very wrong on the big picture while being very right on a catastrophe of some sort.
I now retail sales are still going up. I know the majority of great companies have more cash on their balance sheets than anytime in history. I know the second qtr GDP was 3.4% growth and is getting revised up. The third qtr will be at least 2% and hopefully stability is back by year end and we have a great xmas.
You should be more positive, go out and buy your grandkids an Iphone :pke:
HAVE A GREAT TIME ON YOUR TRIP, YOU EARNED IT.
Hope you find the love of your life, or the love of the next couple weeks.:shock:
 
Umm I predict Christmas will at best be very marginally better in sales than last year.
Lets just wait and see who is right. Can't wait for you to tell me in Jan that .1% or somesuch rise is fantastic :)

Nope not spoiling the grandkids want them to grow up with a sense of value.

Not looking for love, why are you fixated on that ? You are looking for love therefore everyone is ?
But thanks for the have a great trip wish.
 
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I have never done such before, your very disengenuous.
If we have a recession we have it.
We average one every seven years so we're due. Stay out of the game each year cause one will be down is naive.
Eventually you'll be right, and I'll investors will still average 11% yr in and yr out.
 
ahh changing your tune to we are about due.....

I am not stayingg out of the market, just limiting my risk factor on most fo my money, I keep about 50K in my play money fund and make very good gains on it.
I can live well on the gains from the rest of my conservative investments.
But if the market plumb fails I can still make it in retirement.
 
I'm not changing anything I'm not predicting I'm saying on average it happens every so often. I'm a long term investor and don't jump in and out.
Unlike most retirees I will manage my own money and continue to own a majority of stocks and grow the balance instead of shrinking it.
 
I use a friend for the details and advise, but I pretty much manage my own money too. many retirees in 401K plans are going to be hurt bad when the market does a big slump.
My balance is growing as well should be back up to 1 mill, in investments and cash again by the end of the year.
am already there if you figure my net worth.
 
Naah , only about 200k in land / house, and another 100k in eauipment, stock and such.
Mostly cash and investments.
and NO debts. well I did buy sis a new dishwasher this week and bought on credit card. will pay bill when it comes in. Or correction My house sitting friend will pay it for me.
 
uscitizen said:
Umm I predict Christmas will at best be very marginally better in sales than last year.
Lets just wait and see who is right. Can't wait for you to tell me in Jan that .1% or somesuch rise is fantastic :)

Nope not spoiling the grandkids want them to grow up with a sense of value.

Not looking for love, why are you fixated on that ? You are looking for love therefore everyone is ?
But thanks for the have a great trip wish.
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I predict that there will be toy shortages because of Matell recalls.
 
Superfreak said:
1) you really shouldn't comment on economics... you are too ignorant on the subject

2) It says the average income is less than the PEAK... wow what a shock... you mean wages don't just go up each and every year indefinitely? There are peaks and troughs in wages? NO WAY!

Idiot.
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super duper denying trouble is ahead in the economy
 
Superfreak said:
This is why you are a retard... you cannot understand anything.

1) Walmart sales are slipping because of the foreclosures and the fact that they don't always go up.

2) Medical insurance is too expensive because idiots like you chant Universal Healthcare rather than looking first to see WHY the costs are rising so rapidly and then DOING something about the higher costs. Instead you want the inept government to mismanage yet ANOTHER aspect of our lives, despite their failures with SS, Medicare, Medicaid, Education etc....

3) Foreclosures/bankruptcies are up primarily due to two reasons... one is that the government tried to intervene and pushed for more people to be able to buy homes. The mortgage companies took advantage. The second reason is far too many people in this country bought more home than they could afford. If in the lowest interest rate environment in 40 years you could not afford to get a 15 or 30 year fixed... then you had NO business buying the home with an ARM or interest only loan. Interest rates only had one direction to go..... UP.... and only a complete retard doesn't understand that higher interest rates equates to having to pay more. Unfortunately... a lot of people are retarded.
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super not even thinking this is a real problem and giving NO thought to why the banks GAVE out these loans if they were a bad risk.
 
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