Is The Economy Doing Good Or Bad? You Tell Me.
Posted 16 April 2012 - 12:20 AM
Posted 16 April 2012 - 12:31 AM
My immediate circles seem to have adjusted to the economy moreso than the economy has improved.
Posted 16 April 2012 - 07:38 AM
Posted 16 April 2012 - 08:54 AM
I think that as long as we don't do anything foolish to get instant gratification economically, we are going to be in for a long stable period since we managed to save ourselves this time. Need to get more money into the treasury to pay for the recovery costs - even though debt is relatively cheap to service at this point, that will slowly start to change.
Posted 16 April 2012 - 10:53 AM
Posted 16 April 2012 - 11:06 AM
Yea, there may be a few more jobs availble now than there were in 2009, but most of them are low paying jobs, and the people who landed those jobs are still trying to feed their kids at the poverty level.
There are also mitigating factors that will ultimately collapse our economy soon. The 1% know this, and that is why they sent all of our jobs overseas so that they could pay their workers pennies on the dollar compared to the wages that they have to pay in the United States.
Also, we are quickly running out of oil, but our congress and president are so far up the oil companies ass, that they will never spend a dime to try and find a solution to our rising energy costs. Our economy will never be able to survive $7.00 or $8.00 a gallon gas prices, but those times are coming very soon, probably in the next 3 or 4 years. (estimated to be $10.00 a gallon by 2020... 7 1/2 years from now.)
They knew this energy crisis was coming 35 years ago when we had our wake-up call in the 1970s..., but because of greed, they failed to do anything about it, and now we will all suffer for it.
Posted 16 April 2012 - 05:47 PM
Posted 16 April 2012 - 06:15 PM
"Because of speculation, today’s oil prices of about $100 a barrel have become disconnected from the costs of extraction, which average $11 a barrel worldwide. Pure speculators account for as much as 40 percent of that high price..."