Think the economy is going to bounce back.......

[Doug Rice]

Obamanomics! if it ends soon we might have a chance. I heard someone on fox call what is happening the end of the western world as we have known it.

 

[Art Kelley]

In about 6 or 7 years.

This is as good a guess as any. The economy goes in cycles; it booms and busts. People can point fingers and lay blame on whoever they chose, but it won't change anything. We are fortunate to be in a business that can thrive in a down or up enviroment. Just focus on running your company as best as you can.

 

[randy]

It's tough out there for sure, but there is still tons of opportunity for those that can spot it. Don't look at what the government can do to change things (they only make it worse) spend your time thinking about what you can do to improve things in your business or other businesses you can get into.

It will be 5 years before you see measurable improvement in the economy. America's embracing of socialistic ideas with the election of Obama will have to play out. Hopefully he will be back in Chicago soon and a true capitalist like Hermen Cain will be sitting in the White House. The 9-9-9 plan would get our economy moving fast.

My big concern is really what is happening in Europe. Our treasury secretary and the head of the Fed is over there promoting a bail out of Europe by the Fed and YOU (the American Tax payer).

Time to end Social security, medicare, medicaid, welfare,food stamp. student loans. government grants, pensions for elected officials and all FOREIGN AID.

America needs to take care of itself first and our government needs to stop being so "generous" with your money.

 

[Steve in Omaha]

I see a lot of people on this thread who don't understand life and people like steve who doesn't understand people with a low debt load and how interest rates hurt the common american..Not the poor ACE like you

Duuuuude,

I have no debt and a boatload of cash that is earning next to nothing. However, I am preserving principal, as people all around the world have joined me buying US T-bills. Safest place on the planet to park cash. Geeeze Greg, just buy some Brazilian or Colombian cash if you want double digit interest income.

namaste

 

[ACE]

Speaking of bounce….. I have been playing the market buying and selling utility stocks. I had been doing well buying low on bad economic news and selling after they recover a bit. Here lately there is just no end to the bad news. I’m going to have to start settling for smaller gains. I could easily make 5-8% every week.

 

[rick imby]

The US Government as a household--take off 8 zeros

Income $21,700
Money Spent $38,200
Outstanding debt $142,710

The great battles over budget cuts saved $385.


A household or business in this situation is already in bankruptcy.

In the last year they spent 1.6 Trillion more than they took in. You would think with that much money spent they could have bought enough votes to kill the Republicans in the next election.

Now another half a trillion dollar Jobs bill?

The federal money in this area is putting in curbs and sidewalks on side streets. How will that improve the economy in the future or even right now?

The end of democracy comes when elected officials come to believe they can buy their way back into office with deficit spending.

 

[hogjowl]

While we have our problems, what with the over-riding political partisanship we see blocking any positive movement in Washington, we are in great shape relative to Europe. Imagine what will happen when Greece defaults. According to David Wessel in an article he wrote in the Wall Street Journal today, our current situation is quite similar to what we faced in the 20's, and he sees three potential scenarios:

1) Europe gets its act together and the pace of the world growth quickens, igniting demand for U.S. exports. American politicians agree to a credible compromise that gives the economy a fiscal boost NOW and restrains deficits later. The housing market turns up. Relieved businesses hire and relieved consumers spend.

2) Europe becomes the epicenter of a financial earthquake on the scale of the crash of 29 or Lehman Brothers 2008.

3) Europe muddles through but the U.S. stagnates for another five years mired in slow growth, high unemployment and ugly politics.

According to Wessel, "no one would intentionally choose the second or third, yet policy makers look more likely to stumble into one of those holes than find a path to the happier ending."

If we can't have number one, then I will take number three, and hopefully number 2 is not in our future.