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pstall

Is The Economy Doing Good Or Bad? You Tell Me.

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Depends. Doing better, I think. Good? I think we are not at "Good" yet overall, but I would say we are "Good" compared to where we have been in the recent past. I do not think things are bad overall (though they are very bad for some).

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I'm not sure if the economy is "better" or if the populace has finally adjusted to the economy. I blew threw several years' worth of savings before I finally made the necessary adjustments. I'm still not where I need to be financially but I'm better off now than I was a year ago.

My immediate circles seem to have adjusted to the economy moreso than the economy has improved.

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Every time the economy seems to get a toe hold, oil prices shoot up and shoot us in the foot.

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All the indicators tell us that things are "better" - but I think because of the real estate thing its going to be a slow continuing upward trend for several more years. We had built up our economy on too much credit and inflated real estate prices, fooling ourselves that we were better off then we were.

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.

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good or bad, compared to what, is the question.

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It "feels" good depending on where you work. If gas could go down 30 cents consumer confidence would go thru the roof.

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Get rid of oil speculators and the prices will drop dramatically.

"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..."

http://www.nytimes.com/2012/04/11/opinion/ban-pure-speculators-of-oil-futures.html?_r=2&hp

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I agree on oil specs. I'm surprised there isn't better margin requirements. The leverage is out of wack on oil trading.

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