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venom

25 Questions to Ask Anyone Delusional Enough to Believe Economic Recovery is Real

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If you want to know if we are just watch and see what the trucking and Cargo airlines are doing.

Not just trucking and air.

Recovery rides on the rails

According to data produced by the American Association of Railroads (in its monthly Rail Time Indicators report), U.S. carloads jumped almost 16% from the year-ago level and hit their highest number since November 2008. Likewise, Canada was quite strong - carloads jumped almost 27% annually and ended up at a level not seen since October 2008.

Now, it is true that the year-ago level was abysmal, so the year-over-year comparison was easier. But progress is progress, and the fact that every major cargo category was positive for April strikes me as good news.

Keep An Eye On Coal

There is no denying the fact that coal is a huge component of North American rail traffic, as it comprises a huge percentage of all railroad traffic. It is, after all, the primary source of power in this country, and whatever environmental battles may be afoot, that statistic is not likely to change.

Simply put, when the economy is growing, there is more demand for power and more demand for coal. When the economy contracts, coal stockpiles build up. As major coal companies like Peabody Energy (NYSE: BTU) have told us, utilities built exceptionally large stockpiles throughout 2009. Some of this may have been due to advantageous contracts and a desire to hedge against future price shocks, but the bottom line seems to be this - coal is on the move again, and that suggests to me that the economic recovery is on reasonably sound footing

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The economic indicators are showing signs of life and that's a very, very good thing. We could all certainly use some good news, no matter which party brings it, right?

Will the economy collapse? No. Could we see another catastrophic collapse soon? Possibly. We just can't guarantee any kind of prediction and when the crap hits the fan, we usually only see the cause of it with hindsight.

But 25 questions? Look, who has time to try and answer all of those? Not the people working to better their lives.

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I always mention this. Baltic Dry Index. Pay attention to that.

You HAVE to look at the info behind the info. Just the basic stats that is provided from a site or a news channel is not an indicator but a RESULT. That's a big distinction.

For example, on Yahoo.com yest there was an article about people quitting their jobs.

To the casual viewer that seems interesting but not related to the economy. Oh but it is.

The reason they are quitting is because they feel MORE comfortable to jump ship and go for another job.

Stuff like that, info behind the info is an indicator of what is to come. Sure we have a long way to "recovery" but info like that to me is key to what is truly going on and has not be formulated to a stat to show up on CNN or a website yet.

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But let's take the bait and pick up where PFNY left off with his excellent post.

11. Which report would that be? The Weekly World News releases reports all the time, but I don't believe that Batboy is really behind the oil spill clean-up efforts.

12. The oil gushing into the Gulf is truly a catastrophe and will take a long time to clean up. However, tourism and fishing in the Gulf is a very small part of the national economy, although it is of dire importance to the states along the Gulf Coast. My thoughts and prayers go out to the people affected by this. Tourism will pick up in a year or two (but may be offset actually by the clean-up jobs that will be created). Fishing will be devastated, but it will recover in time. I'll miss my wild caught shrimp.

13. The list of failing banks growing is probably a good thing. Hard to take if you work for one, but it means that some of the sickly or poorly run banks are getting out of the game. That means that consumers won't be drawn into these poorly run institutions, putting their savings and investments at risk.

14. I like the fact that the FDIC has become more pro-active recently rather than reactive. The marginal banks are seeing the FDIC come in and find stronger banks to buy them up, protecting the depositors, cutting away the rot and allowing the FDIC coffers to refill for future emergencies.

15. Home sales will come back. My father owned a real estate firm during the 1980s. Interest rates were at an astronomical 17-18 percent and the job market was flat for much of the decade. Somehow, houses still sold, people still lived their lives. The housing market is a part of the national economy, but isn't the entire thing. It was in danger of becoming the entire thing, creating the recent bubble and burst, and we may just be seeing it return to its more accurate place in our economy. It sucks if you are sitting on an unsold housing development, but if you are just selling your house it will still move if you have realistic expectations.

16. They are NOT black holes. They are long-term investments that bring huge amounts of money in. What almost killed Fannie Mae and Freddie Mac was the constant churning of the mortgage market due to quick sales and massive refinancing -- it destroyed the long-term gains of mortgages. Add to that unscrupulous mortgage creation and a federal mandate to not reject those mortgages from the two groups purchases and you see the situation coming to a head. And lets not even get into the segment of high finance that was attempting to rape AIG using failing mortgages or the AIG execs that only looked at the volume of their policies and not the realities of those policies.

17. Looks like we are working on that healthcare/accident portion of your statement. Most Americans who are low on retirement savings can attribute it to two things: lack of foresight or carrying massive personal debt. On a side note, that money they should have been saving is out there circulating in the economy right now. Remember, merchants don't make a dime on the money you don't spend. This will be serious, but we should all be looking at this as a wakeup call. It does not mean the economy is collapsing, though. It may mean the economy may be partly funded by poor decisions by consumers, though.

18. Detroit, through the unions, pretty much killed the golden goose when it comes to the auto industry. But look further into Detroit and you'll see that this place has been degrading for two generations or more. Perhaps the city has touched bottom and can now set its feet on solid ground. I hope they can. Time to grow new industry there. They have the skills, they have the available land and access to infrastructure and resources.

19. Underemployment is kind of subjective isn't it? Anyone here overpaid, overemployed? Seriously, though, any employment is better than unemployment. Indications are showing that the blood loss has slowed and may be stopping. Permanent jobs won't pick up until the recovery gets a long a bit further. Patience and hope.

20. Depends on the poll and how the question was asked. But heck if you are leaving a dark room, you're still in the dark room until you get all the way out the door, technically. We are still in the recession and according to economists we won't realize we're out of it until its been over for about 3-6 months.

21. No, and that's not just Obama's saying, but has been a saw that's been around for a long time. In truth, what is good for Main Street is what is good for Wall Street. For too long Wall Street has been the tail that has wagged the dog. The stock market is a reflection of the economy, not the source of it. We, as a people, have got to get that straight. A stock's real value is based on the success of the company it represents and a company's success is dependent on the quality of goods and services it delivers. For too long companies have based their business goals on sexying up the bottom line to impress stockholders that may only hold the stock for 30 days or 30 minutes.

22. I don't have the foggiest idea of who this guy is and honestly, I could care less. There are too many "experts" who make a living off of adding heat but no light to the American discourse. He should be telling people this... "Find something to do that other people will find valuable. Watch your money and use it prudently; invest some, save some, enjoy some. Take care of your place in life and you'll succeed." The author was willing to take his time and effort to publish a book in an effort to make a living rather than trying to sell everything he owns and head to the wilds of Idaho, right? Chicken Little for profit's sake, panic sells.

23. Have you not driven through urban areas over the last 10 years and not seen how much overproduction of apartments there has been??? I mean, shiiiiiiit, didn't anyone notice that with mortgages so low more people were moving into houses rather than apartments? And we've already covered that kettle of fish.

24. Fresh fruit and vegetable prices always soar in March. It's caused by shifting seasons in the import market. Sources south of the equator are ending their growing seasons and those north of the equator are just into their planting season. Also, marketable stores of onions, potatoes, apples and other hardy foodstuffs is running low as it always does at the exact same time each year. March is also difficult because the number of in-season fruits and vegetables is very small. You're looking at the natural flow of the food market and making a judgement on it based in absolutely no sense of context.

25. The bankruptcy rates are going to be hurtful. They should be, they are a result of the economic sickness our nation has embraced over the last 30 years. We have confused wealth with credit-worthiness. We have looked at short term gain rather than long term stability. Over the last decade and a half, baby boomers tried desperately to make up for their lack of savings by investing huge amounts into the stock market creating a supply and demand situation that doesn't reflect real value. And everything did blow up. Now, we rebuild, hopefully wiser, but it will take hard work. We should know now better what real prosperity is, let's hope we're wise enough to take on the task.

There...

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I kinda agree with the original take on the FDIC. The leverage is NOT good for them.

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optimism would go a long way to aid recovery.

When you wish upon a star

Makes no difference who you are

Anything your heart desires

Will come to you

If your heart is in your dreams

No request is to extreme

When you wish upon a star

As dreamers do

Fate is kind

She brings to those who love

As sweet fullfillment of their secret drowns

Like a boat out of the blue

Fate steps in and see's you through

Moma when you wished upon a star

Your dreams come true

(instrumental break)

Fate is kind

She brings to those who love

As sweet fullfillment of their secret drowns

Like a boat out of the blue

Fate steps in and see's you through

Baby when you wish upon a star

Your dreams come true

When you wished upon a star

Makes no difference who you are

Your dreams come true

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music to watch porn by

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Wait, have we bottomed out yet?

Apparently so. Time to buy up all the stock you can....:D

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If you want to know if we are just watch and see what the trucking and Cargo airlines are doing.

The trucking industry is taking a beating because of CARB regulations passed here in CA. They make pushes in one area to "progress" and kill any chance of business for smaller companies and independents. Look for it to hit other states. I hate Henry Wax man,

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Venom stop making tags and defend your thread.

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He can't. Alex Jones hasn't finished writing out the talking points in crayon yet.

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you guys are cute

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