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


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#16 Khyber53

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Posted 27 May 2010 - 09:56 AM

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...

#17 pstall

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Posted 27 May 2010 - 10:00 AM

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

#18 Porn Shop Clerk

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Posted 27 May 2010 - 12:08 PM

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

#19 cookinwithgas

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Posted 27 May 2010 - 12:18 PM

music to watch porn by

#20 PanthaSan

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Posted 27 May 2010 - 12:32 PM

Wait, have we bottomed out yet?


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

#21 ChucktownK

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Posted 27 May 2010 - 02:08 PM

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,

#22 PanthersFanNY

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Posted 27 May 2010 - 03:14 PM

Venom stop making tags and defend your thread.

#23 Khyber53

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Posted 27 May 2010 - 06:47 PM

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

#24 venom

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Posted 27 May 2010 - 08:14 PM

you guys are cute

#25 pstall

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Posted 27 May 2010 - 08:19 PM

venom, all i ask is you go outside of world news or alex jones for this topic. Studying the market is my porn. I'm not anywhere close to the homework rat I once was after two kids but I dig so far into trends and human behavior that I see things in different angles and ahead of what the sources you are checking come up with.
Like I mentioned early, a stat is the RESULT of all the indicators coming to fruition. That's where you know what's going to happen months and maybe even years in advance.
China today grabbing Euro's didn't show up in Alex Jones reports. Because now he will have to wait for someone to get on his show and explain why. Then when they do something else went down.

#26 PanthersFanNY

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Posted 27 May 2010 - 08:26 PM

you guys are cute


At least you come back after your beatings.

You're one step above Awesomeness.


Seriously though are you going to even try to defend the article you posted? Where is that good old "sheeple" talk and why aren't you dismissing everything we say as propaganda?

#27 venom

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Posted 27 May 2010 - 08:35 PM

venom, all i ask is you go outside of world news or alex jones for this topic. Studying the market is my porn. I'm not anywhere close to the homework rat I once was after two kids but I dig so far into trends and human behavior that I see things in different angles and ahead of what the sources you are checking come up with.
Like I mentioned early, a stat is the RESULT of all the indicators coming to fruition. That's where you know what's going to happen months and maybe even years in advance.
China today grabbing Euro's didn't show up in Alex Jones reports. Because now he will have to wait for someone to get on his show and explain why. Then when they do something else went down.


i have a good handful of sources i consider to be credible, but you are right, there is always room additional views/factors to help make sense of it all. so many factors to be considered it can be overwhelming at times. considering your methods on trends and human behavior, what are your thoughts on gerald celente and his predictions/analysis?

#28 venom

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Posted 27 May 2010 - 08:42 PM

At least you come back after your beatings.

You're one step above Awesomeness.


Seriously though are you going to even try to defend the article you posted? Where is that good old "sheeple" talk and why aren't you dismissing everything we say as propaganda?


hahaha i was thinking the same about awesomeness, however i wouldnt say i had received a beating :)

nah, not really planning on defending the article. i'll talk about it with people who are open-minded towards non-mainstream political ideas, but frankly im tired of arguing about it with some of you guys, and view it as a waste of time.

#29 cookinwithgas

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Posted 27 May 2010 - 09:02 PM

headed 4 a bullshit based economy


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