2004 Economy off to a great Start
- Thread starter tnitsuj
- Start date
More of the Roaring Economy:
The roaring economy lifted every market index.
I can't help saying that business looks great. Every sector is expanding at a rapid rate. The leading indicators for jobs have also turned smartly up, says the Economic Cycle Research Institute, meaning that "overall job growth is about to increase notably," despite its softness now. Our recovery is pulling the world along, with Asia booming, Japan improving and Europe edging up.
What's more, contrary to conventional thinking, consumers aren't drowning in debt.
Debt has actually gotten a bit easier to carry. Over the past two years, financial obligations (debt service, auto leases, homeowner's insurance, property taxes and rent) dropped a bit, relative to income. Debt delinquencies are down. All told, voters should feel just dandy on Nov. 2.
The market LOOKS good now, but give it 2.5 months. I predict by the end of March you'll see an obvious "turnaround".
A whole 1,000 people nation wide last month found one. Thats only 129,000 short of the wallstreet forecast.
What I've been hearing lately is: The American economy is attributable to the consumer alone.
That appears to be what Bush was doing by the TAX refund.
Money in the hands of the people get's spent.
Over spent. The average family holds $11,000 to $19,000 in credit card debt from what I've heard lately,
and our government is doing the same. Spending has never exceeded income in our past history like it is with Bush.
Now I hear of a man on the Moon project from Bush, we've been there & done that.
I hope Bush is paying for it out of his own pocket.
Also, a man on Mars is the talk, which is rediculas & extreemly expensive also.
They are looking for a long term goal for NASA to give it direction.
NASA is a tool, if you arn't using the tool you put it down.
You don't look around for a reason to use the tool.
Polititions should not make decisions for NASA, in the past when they've done that, the shuttle blew up.
Scientists should make the decisions about the space missions, not polititions,
and scientists have plenty of requests & experiments to do.
It's just government doesn't listen because it's not a big political booster to learn how bugs have sex in space,
or how to make huge spun glass lenses using the zero gravity of space.
Or other tech advancements.
That appears to be what Bush was doing by the TAX refund.
Money in the hands of the people get's spent.
Over spent. The average family holds $11,000 to $19,000 in credit card debt from what I've heard lately,
and our government is doing the same. Spending has never exceeded income in our past history like it is with Bush.
Now I hear of a man on the Moon project from Bush, we've been there & done that.
I hope Bush is paying for it out of his own pocket.
Also, a man on Mars is the talk, which is rediculas & extreemly expensive also.
They are looking for a long term goal for NASA to give it direction.
NASA is a tool, if you arn't using the tool you put it down.
You don't look around for a reason to use the tool.
Polititions should not make decisions for NASA, in the past when they've done that, the shuttle blew up.
Scientists should make the decisions about the space missions, not polititions,
and scientists have plenty of requests & experiments to do.
It's just government doesn't listen because it's not a big political booster to learn how bugs have sex in space,
or how to make huge spun glass lenses using the zero gravity of space.
Or other tech advancements.
Bitdog:
One of our friends just filed bankruptcy. The husband and wife had $103,000 in CREDIT CARD DEBT alone.
They just came back from a two week vacation in Cancun. I guess this means they'll lose their Hummer.
Maybe if the government didn't spend like a drunken sailor our citizenry would learn the "value" of prudent spending habits.
-Robert
One of our friends just filed bankruptcy. The husband and wife had $103,000 in CREDIT CARD DEBT alone.
They just came back from a two week vacation in Cancun. I guess this means they'll lose their Hummer.
Maybe if the government didn't spend like a drunken sailor our citizenry would learn the "value" of prudent spending habits.
-Robert
They already make a decision, oh, sorry not they, but Bush. Bush says "we should give money to xxx", where xxx is a big project and everybody says "wow! it's cool!" it's really fun to look at this party... if my mind doesn't lie me, there are two huge projects in USA to give money for, ... just for 3 last month. First - new generation of cars h2o, second - new NASA project. But why dollar is in process on falling? And what should be happen with USA in case of 1,5$=1euro? Maybe it's time to think about nation economic not for tomorrow but for today.
One big reason is low interest rates. Foreign nations are finding higher rates in places outside the US. So when they don't buy our bonds, the price falls. When the price falls, everyone else complains. They complain because many nations have built their economies on exporting products to the US. When the dollar is weak, exporting to the US becomes less profitable. When the dollar is weak it is more advantageous for us to manufacture our own goods again and export. I know alot of people say that a weak dollar policy is bad, but it will actually help bring jobs back. Look at the manufacturing sector lately. Domestic orders have been up and they are starting to hire once again.
dirtboy
The oil will rise in price, cause counties which export oil will not sell it for same price. This is the way for rise in price for everything connected with oil use. I think it gonna affect very big part of market. Can it strike on national economic?
Ok, lets look at simple situation 1$=1,5Euro (it's possibly, very possibly).
The oil will rise in price, cause counties which export oil will not sell it for same price. This is the way for rise in price for everything connected with oil use. I think it gonna affect very big part of market. Can it strike on national economic?
We just took money out, I've got no complaints. Why? You tell me what makes our schools so much different that other school in other contries.
Starting later this year or early next year we will probably enter into a 4-6 year bearish type market.
Possibly as early as this summer.
Possibly as early as this summer.
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
Bitdog,
There are lots of contractors involved with the NASA endeavors. They do keep middle class Americans employed. With the multiplier affect on the $ spent funding these operations the net cost to the tax payer is break even at worst - IMO. I think NASA is a fine public service project if we can also offset the expense by technological advances that create further employment opportunities here in America. If NASA starts to use India for technicians then all bets are off or if the funding is actually a quid pro quo for either side political $ payback.
I'd like to see some mass transit investment. Maglev trains for instance, that not only employ Americans but, also can be geared to have a reasonable pay back period.
One of the functions of Government is to create jobs in a prudent manner. This could be such an activity. The important part of that statement is 'could'.
There are lots of contractors involved with the NASA endeavors. They do keep middle class Americans employed. With the multiplier affect on the $ spent funding these operations the net cost to the tax payer is break even at worst - IMO. I think NASA is a fine public service project if we can also offset the expense by technological advances that create further employment opportunities here in America. If NASA starts to use India for technicians then all bets are off or if the funding is actually a quid pro quo for either side political $ payback.
I'd like to see some mass transit investment. Maglev trains for instance, that not only employ Americans but, also can be geared to have a reasonable pay back period.
One of the functions of Government is to create jobs in a prudent manner. This could be such an activity. The important part of that statement is 'could'.
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
See... another example of Government generated work for the nation. So long as we consume, in some manner, the production we'll have steady employment in that sector. The steel industry is happy.. although they prefer the larger air dropped big bullets.. but, not many opportunities for Uncle to create a demand there... but, he's trying. Just needs the willing and the unwilling to comply.
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
See... more bad numbers... there are some 9,000,000 looking - or so... and 1,000 net found work.. well... starbucks and walmart are doing the best they can.
Read this AM that no one understands the jobs issue.. the Economists just can't come to grips with the dynamics of this phenomena. They need talking to the Finance types.. It's called a move From an American labor intensive economy To a retail and service economy. Just drop the manufacturing to foreign nations and the puzzle is solved. We import our labor intensive product needs.. apparently.
But, I'm pretty dumb.. so who knows... certainly not me.
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