You think the US Economy is Recovering ?!

[Gonad the Barbarian]

in the long run, all countries engaged in free trade always end up better off than without.

If an action results in one person gaining $100,000 while 99 others lose $1000, that's "better off" economically.

 

[Craig234]

If an action results in one person gaining $100,000 while 99 others lose $1000, that's "better off" economically.

What a nice phrse for a lot of what's happening.

If you cut the middle class's wages and wealth in half tmorrow, many economic charts show good news.

 

[DanDaManJC]

You forgot the biggie..

$800 billion to $2 trillion+ in less than a year. We're rich!

So the next question is... is this a NWO, global conspiracy setup by the ruling class? Or is this part of the natural ebb and flow of world economics?

 

[wwswimming]

So the next question is... is this a NWO, global conspiracy setup by the ruling class? Or is this part of the natural ebb and flow of world economics?

the way the question is worded, it implies that the 2 are separate, that's it an either or.

could be, "both" - the Deion Sanders answer.

 

[spidey07]

No, I don't. This is based on my experience consulting fortune 100/500 companies on capital investment as well as my own "consumer confidence". Employees are scared and they have been tightening up spending preparing for possible job loss. Business are doing the same to tighten capital spending by cuts never before seen. Basically if you can't prove your capital spending will get a return within a year you won't get it. And the main reason given is "this current president"

It's not from a lack of capital or lending, nor a return. It's the uncertainty of this administration's constant attack on business. Business views this administration as the enemy and they are digging in for the battle. Government controlling pay was the first shot over their bow and that started it. Washington is the enemy of our growth and business. Talk to anybody that has a hand in hiring/firing and "business conditions and washington policy forces our moves."

What this administration is doing is on fucking purpose.

 

[cwjerome]

I will only reveal that I am in a business that is recession proof.

I missed the dot.com bubble and burst. I missed the mortgage bubble and burst.

I have a hard time believing you'll be unscathed in the future government bubble and burst. The collapse of the dollar will crush you along with everyone else unless 50% of your assets are in gold and/or natural resources. And even then it'll be tough going.

 

[Jaskalas]

He posted useful information. You didn't and attacked him.

I thanked him for this information, to contradict the President's lies on the matter.

It's over he says, we're recovering. Yet it is far from over.

 

[Avvocato Effetti]

I have a hard time believing you'll be unscathed in the future government bubble and burst. The collapse of the dollar will crush you along with everyone else unless 50% of your assets are in gold and/or natural resources. And even then it'll be tough going.

Ding Ding Ding Ding! We have a winner ladies and gentlemen!

A good portion of my net worth is held in gold (physical in my possession). It is the fool that hold his assets in stock alone. Agree?

 

[BoberFett]

Ding Ding Ding Ding! We have a winner ladies and gentlemen!

A good portion of my net worth is held in gold (physical in my possession). It is the fool that hold his assets in stock alone. Agree?

If the US economy truly goes south, your gold will be worthless. If your wealth is in a form that you can't eat, wear, or shoot nobody will want it. Gold is the same thing as currency, and without global trade will be as worthless as currency.

 

[TruePaige]

If the US economy truly goes south, your gold will be worthless. If your wealth is in a form that you can't eat, wear, or shoot nobody will want it. Gold is the same thing as currency, and without global trade will be as worthless as currency.

This. People who think gold has a magic ability to sustain value for no reason are idiots..

 

[BoberFett]

This. People who think gold has a magic ability to sustain value for no reason are idiots..

Mostly right. If economic failure was localized, those people would be correct. The difference between gold and any national currency is that gold is universal. If any given currency tanked and the rest of the world didn't notice, anybody who had previously turned that currency into gold would be able to pick up and go elsewhere with a stronger currency and economy. That said, if the dollar goes down, the whole world is going to feel the pain and there will be no place to run to with any gold.

 

[Mike Gayner]

If the US economy truly goes south, your gold will be worthless. If your wealth is in a form that you can't eat, wear, or shoot nobody will want it. Gold is the same thing as currency, and without global trade will be as worthless as currency.

This is only true if your country collapses into total anarchy, which is incredibly unlikely. Believe it or not, USA is not the only buyer of gold and other metals/resources.

 

[Zebo]

If the US economy truly goes south, your gold will be worthless. If your wealth is in a form that you can't eat, wear, or shoot nobody will want it. Gold is the same thing as currency, and without global trade will be as worthless as currency.

What will happen is a bank holiday, new currency issued, gold seized etc.

And USA won't collapse like totally. We still have assets galore, land, tools, etc to make an economy and enforce ROL.

Money itself is just a construct you can't take the wealth away.

 

[TruePaige]

This is only true if your country collapses into total anarchy, which is incredibly unlikely. Believe it or not, USA is not the only buyer of gold and other metals/resources.

If the dollar went down to a large enough extent the large scale liquidation of gold assets would drive the price on the markets low enough that it wouldn't be of very much use as a way to protect your investment as many people think.

 

[Zebo]

I think Denninger provides a clear, concise and convincing state of affairs.

Shows:

Those who claim that the stock market predicts the economy on a forward basis are pie-eyed idiots. They are cherry-picking their claims, using only those times when the market was in front of the economy, and ignoring those times when the market was in fact dead wrong about forward economic prospects.

-All real indicators are in the toilet and getting worser - sales, employment, debt etc and thinks it's just a matter of time till dollar collapses.
http://market-ticker.org/archives/1835-A-Macro-Level-Look-At-The-Economy.html


Happy New Year!

 

[Northern Lawn]

http://www.youtube.com/profile?user=TheYoungTurks#p/u/10/MYvUSw51QKg

 

[Zebo]

http://www.youtube.com/profile?user=TheYoungTurks#p/u/10/MYvUSw51QKg

" I went to xyz conference and overall sentiment by the economists was pessimistic"

Well maybe we'll be alright then.

 

[ebaycj]

in the long run, all countries engaged in free trade always end up better off than without.

If "the long run" is longer than my lifetime, why should I care?

 

[ebaycj]

I have a hard time believing you'll be unscathed in the future government bubble and burst. The collapse of the dollar will crush you along with everyone else unless 50% of your assets are in gold and/or natural resources. And even then it'll be tough going.

Or Euros.

Plus, if you have your money in Euros, in a Euro bank, at least you have somewhere to go when the USA turns in to Thunderdome.

 

[StageLeft]

I will only reveal that I am in a business that is recession proof.

I missed the dot.com bubble and burst. I missed the mortgage bubble and burst.

I stayed away from swaps, options and all the other paper invented by JP Morgan. BTW, they are the only ones who knew how to do it right.

The way to prosperity is through daily contribution to the market in a quality way.

That is life.

Agressive opportunism will always lead to death.

Have you written a book? It sounds like you could teach us all an awful lot.

Denninger is depressing, per above, and he's certainly wrong a lot of the time. His point about stock market not being a forward predictor is of course extremely accurate.

I am lighter in equities than somebody my age normally would be, but so much of that conventional advice is from people who are like chickens with their heads cut off, and I'm really no better so a great deal of where you think things is going is based on subjective gut. The problem is you can have two experts looking at the same data and coming away with different impressions. In the end, we're all along for the ride.

BTW my local mall was FREAKING PACKED this weekend, both days, as if it was Black Friday, honestly, packed to the hilt. And I'm not going based on crowds but a more measurable parking spaces, it was really full. I was in Bestbuy for about 25 minutes in the laptop isle before one of the 3-4 salesmen were finally freed up to talk to me and I grabbed one before somebody else standing around grabbed one. But as we know consumers are not so predictive, either.

 

[Jhhnn]

"Recovery" relative to which segment of the population? The top 1% or less, or families at the 50th percentile of income?

Where's the "down" in trickledown economics, anyway?

There isn't any, never was. Only the massive acquisition of debt at every level has concealed that.

 

[BoberFett]

This is only true if your country collapses into total anarchy, which is incredibly unlikely. Believe it or not, USA is not the only buyer of gold and other metals/resources.

As I stated in my follow-up post, the value of gold depends on how localized the collapse is, and how entangled various economies are. If the US dollar goes down, so does the world. Local economies would spring back, but global trade would be decimated for some time.

I imagine New Zealand would probably be mostly unaffected. Nobody really trades with you anyway.

 

[BoberFett]

What will happen is a bank holiday, new currency issued, gold seized etc.

And USA won't collapse like totally. We still have assets galore, land, tools, etc to make an economy and enforce ROL.

Money itself is just a construct you can't take the wealth away.

Yes we have assets, but even a brief interruption in global trade due to the destruction of the USD would create chaos. How long would it take to set up a new currency? It wouldn't take much of an interruption in oil flow to bring all of our local assets to a screeching halt. Hell, you'd need martial law just to keep the shelves stocked at the grocery store.

 

[BoberFett]

Where's the "down" in trickledown economics, anyway?

Good question, remind me again, which trickle down are we talking about?

Tax breaks for the wealthy which is supposed to then trickle down to the lower income brackets, but really just stays in the hands of the wealthy capitalists?

or

Tax increases on the wealthy which is supposed to then trickle down the lower income brackets, but really just stays in the hands of the wealthy politicians?

 

[BoberFett]

Or Euros.

Plus, if you have your money in Euros, in a Euro bank, at least you have somewhere to go when the USA turns in to Thunderdome.

If the dollar truly tanks, the Euro won't be far behind. There has been some unwinding since things started falling apart, but the economies of all major nations are very entangled.