Is the economy better?

Lee Stewart · 10-27-2009, 09:36 AM

Is the economy better?

Sure! The Dow is above 10,000. That's all that counts right?

Cygnus · 10-27-2009, 10:40 AM

I was listening to the news today. They mentioned that mid-sized banks are struggling with nearly weekly closes. Meanwhile large banks are getting bigger…will these become “too large to fail” in the future? There was recent news about the huge bonuses being paid to the execs of bailed out banks. Yes, the economy is doing great…

**PFC5** · 10-27-2009, 11:19 AM

I think the "too big to fail" term will eventually be replaced the with new term "too big to save" at some point in the future.

We have yet to feel the fallout of all the new money being printed and what we will have is inflation along with higher unemployment we have now and still expected to grow.

What a look into the future? Just look at how the USD has fallen over the last couple of years against the Euro & other currencies.

hatt · 10-27-2009, 01:37 PM

"Too big to fail" means that those companies campaign contributions were too big to lose. This is pretty clear. The companies could have failed just fine and we would have been much better off since solid companies would take up the slack.

Cygnus · 10-27-2009, 04:30 PM

We have seen that in the last few weeks with the rising price of gas. I was out the other day and noticed some stations sold regular unleaded for $3 per gallon. Gas is supposed to be cheaper this time of the year.

DerFish · 10-27-2009, 06:24 PM

Quote:

Originally Posted by hatt

"Too big to fail" means that those companies campaign contributions were too big to lose. This is pretty clear. The companies could have failed just fine and we would have been much better off since solid companies would take up the slack.

The best congress money can buy.

Cygnus · 10-28-2009, 01:19 PM

How could this be "unexpected"?

http://www.msnbc.msn.com/id/33490296...ks_and_economy
Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen.

The Consumer Confidence Index, released by The Conference Board, sank unexpectedly to 47.7 in October — its second-lowest reading since May.

1955 · 11-01-2009, 01:19 AM

Quote:

Originally Posted by derfish

the best our money can buy.

fixed.

**PFC5** · 11-01-2009, 01:35 AM

I like Derfish's sentence better since Congress is bought and paid for by special interest groups. That is WHY ALL people in Congress need to be voted out of office since they will not vote term limits on themselves. I truly believe the longer they are there in office the more corrupt they become so why not remove them by vote BEFORE they get too corrupt?

hatt · 11-01-2009, 08:26 AM

Quote:

Originally Posted by PFC5

I like Derfish's sentence better since Congress is bought and paid for by special interest groups. That is WHY ALL people in Congress need to be voted out of office since they will not vote term limits on themselves. I truly believe the longer they are there in office the more corrupt they become so why not remove them by vote BEFORE they get too corrupt?

That is definitely the case. If not "corrupt" maybe "ingrained" in the political culture. The '94 Reps showed this. They were real good for a few years and then slowly got back to the old DC ways.

Lee Stewart · 11-01-2009, 01:36 PM

Is the economy better?

Nope - the Dow is below 10,000 again.

oblioman · 11-01-2009, 07:56 PM

Quote:

Originally Posted by hatt

That is definitely the case. If not "corrupt" maybe "ingrained" in the political culture. The '94 Reps showed this. They were real good for a few years and then slowly got back to the old DC ways.

'94,,,,about the same time Rove and Ashcroft started spreading their "wings" on the national scene. What a coincidence.

hatt · 11-01-2009, 10:59 PM

Quote:

Originally Posted by oblioman

'94,,,,about the same time Rove and Ashcroft started spreading their "wings" on the national scene. What a coincidence.

Yep. Obama was still shaking down city councilmen back then.

Richard4890 · 11-03-2009, 01:43 PM

I suppose it is better for some and worse for others. I think we have settled out some and are not spiraling downward as much, but that does not mean it is going to get a ton better anytime soon.

1955 · 11-03-2009, 06:25 PM

Quote:

Originally Posted by PFC5

I like Derfish's sentence better since Congress is bought and paid for by special interest groups. That is WHY ALL people in Congress need to be voted out of office since they will not vote term limits on themselves. I truly believe the longer they are there in office the more corrupt they become so why not remove them by vote BEFORE they get too corrupt?

Bought and paid for by special interest groups...yes, but they spend OUR money.

10-27-2009, 10:40 AM	#47
Cygnus The Bringer of Balance Join Date: Dec 2004 Posts: 6,835	I was listening to the news today. They mentioned that mid-sized banks are struggling with nearly weekly closes. Meanwhile large banks are getting bigger…will these become “too large to fail” in the future? There was recent news about the huge bonuses being paid to the execs of bailed out banks. Yes, the economy is doing great… __________________ Toshiba 57H81 Kenwood VR-616 Comcast DCT6412 III XBox 360 GamerTag Sec0nd2N0n3

10-27-2009, 11:19 AM	#48
PFC5 Super Moderator Join Date: May 2005 Posts: 28,392	I think the "too big to fail" term will eventually be replaced the with new term "too big to save" at some point in the future. We have yet to feel the fallout of all the new money being printed and what we will have is inflation along with higher unemployment we have now and still expected to grow. What a look into the future? Just look at how the USD has fallen over the last couple of years against the Euro & other currencies. __________________ Denon AVR-887 Klipsch RP-5 Pwred Towers (mains) (525 watts peak each 12"Subs) All Klipsch RC-25(ctr),(2)SS1(surr),(2)SS1(rearSurr) Toshiba (2)HD-A20,PS3,BD35 For SACD/DVD-A Samsung HD-841 Panny 50pz80u plasma SETTINGS RCA HD50LPW162 50"DLP w/HD2+ SA 3250HD 47" LCD+Yamaha5790+HD-A1(bedroom) Harmony 680 + (2) 670s (amazing remote/support) Game room with Onkyo receiver & B&W Speakers The_Cable_Game Take the high ground and be happier

10-27-2009, 04:30 PM	#50
Cygnus The Bringer of Balance Join Date: Dec 2004 Posts: 6,835	We have seen that in the last few weeks with the rising price of gas. I was out the other day and noticed some stations sold regular unleaded for $3 per gallon. Gas is supposed to be cheaper this time of the year. __________________ Toshiba 57H81 Kenwood VR-616 Comcast DCT6412 III XBox 360 GamerTag Sec0nd2N0n3

10-28-2009, 01:19 PM	#52
Cygnus The Bringer of Balance Join Date: Dec 2004 Posts: 6,835	How could this be "unexpected"? http://www.msnbc.msn.com/id/33490296...ks_and_economy Americans' confidence about the U.S. economy fell unexpectedly in October as job prospects remained bleak, a private research group said Tuesday, fueling speculation that an already gloomy holiday shopping forecast could worsen. The Consumer Confidence Index, released by The Conference Board, sank unexpectedly to 47.7 in October — its second-lowest reading since May. __________________ Toshiba 57H81 Kenwood VR-616 Comcast DCT6412 III XBox 360 GamerTag Sec0nd2N0n3

11-01-2009, 01:35 AM	#54
PFC5 Super Moderator Join Date: May 2005 Posts: 28,392	I like Derfish's sentence better since Congress is bought and paid for by special interest groups. That is WHY ALL people in Congress need to be voted out of office since they will not vote term limits on themselves. I truly believe the longer they are there in office the more corrupt they become so why not remove them by vote BEFORE they get too corrupt? __________________ Denon AVR-887 Klipsch RP-5 Pwred Towers (mains) (525 watts peak each 12"Subs) All Klipsch RC-25(ctr),(2)SS1(surr),(2)SS1(rearSurr) Toshiba (2)HD-A20,PS3,BD35 For SACD/DVD-A Samsung HD-841 Panny 50pz80u plasma SETTINGS RCA HD50LPW162 50"DLP w/HD2+ SA 3250HD 47" LCD+Yamaha5790+HD-A1(bedroom) Harmony 680 + (2) 670s (amazing remote/support) Game room with Onkyo receiver & B&W Speakers The_Cable_Game Take the high ground and be happier

10-27-2009, 09:36 AM	#46
Lee Stewart Behold - the future! Join Date: Jan 2007 Location: Albuquerque, NM Age: 58 Posts: 25,193	Is the economy better? Sure! The Dow is above 10,000. That's all that counts right?

10-27-2009, 01:37 PM	#49
hatt HD Elitist Join Date: Jan 2008 Location: FL Age: 34 Posts: 4,922	"Too big to fail" means that those companies campaign contributions were too big to lose. This is pretty clear. The companies could have failed just fine and we would have been much better off since solid companies would take up the slack.

11-01-2009, 01:36 PM	#56
Lee Stewart Behold - the future! Join Date: Jan 2007 Location: Albuquerque, NM Age: 58 Posts: 25,193	Is the economy better? Nope - the Dow is below 10,000 again.

11-03-2009, 01:43 PM	#59
Richard4890 How can anyone watch standard def? Join Date: Sep 2009 Posts: 22	I suppose it is better for some and worse for others. I think we have settled out some and are not spiraling downward as much, but that does not mean it is going to get a ton better anytime soon. __________________ OUI Laws Maine

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