Replies to post #6917 on In Zeev's Honor, Plan the Trade and Trade the Plan

[hap0206]

zab, well said -- kudos to you (what ever they are)

thanks

hap

[melsup]

I think it is a different economy. I also question where the money to buy cars, take vacations, buy TV's etc., is coming from.

College graduates are getting around 36k - 40k to start. That is hardly enough to pay rent, utilities, buy gas and shop at Food Lion (if you can find one) in No. VA.

It also seems to me that people are getting rehired after having been layed off for a while, but at a discount of maybe 15% from what they were making previously for the same job, while prices at the grocery store and the mall and the gas station have been going up.

So, are they draining their 401(k)'s or whatever equity they have in their homes? Credit cards? I have no idea. The cheap money helps (everyone that can has refinanced twice), but it's got to be more than that.

[fois gras]

Zab, I never said the economy was dead. What I am attempting to impart is..
the dollar is being debased as are other currencies. People get up and drive to their jobs...
but, employment is WAY down. Quality of life is going down the drain including trust, confidence. There is illusion and what is underneath the illusion is fraud & hype to cover up the devastation this nation is in. There is still much they cannot cover up.. as in Detroit after tax payer dollars & the Fed bailed GM out to the tune of how many billions...?

I refer you to John Williams --shadowstats

Charles Biderman--Trimtabs

Greg Williams --USA Watchdog.com

We believe what we choose to. These men are honorable I believe. They individually
work hard at looking under the proverbial hood.

At some point in the future I believe there will be industrial expansion.
And, I agree, take advantage of opportunity. For myself, I find reality serves me well.
I would like to believe I am ahead , only if I can see what lies ahead.

[roguedolphin]

<<"I booked an airline ticket the other day, its for three months out, and my choices were limited, but I secured my ticket because all of the other flights were filled.">>

Can you say "declining-standard-of-living"???

The number of airline flights are way down and prices are way up. Many families that could afford to travel just 4 or 5 years ago (and I know several personally) are out of the air travel game completely because the money just isn't their anymore to afford it.

How do you explain gasoline consumption collapsing to the lowest level since the early 1980's yet prices are at all time highs for gasoline??? Yeah keep printing Bernanke this is wonderful economy you are creating.


Can you say "declining-standard-of-living" Zab??????

[roguedolphin]

<<"I am truly sorry you think that this economy is as bad as you think it is. America is on track to post almost 3 % growth in the GDPfor this year, and thats after We have had 52 months of continued job growth, maybe you need to just start accepting whats happening out there. Ever since the third quarter of 2009, America's GDP has been growing, thats over 13 straight quarters of growth. Thats not smoke and mirrors, that my friend is a recovery, in simple mathematical terms that have been measured for decades.">>

INFLATION IS NOT GROWTH!!!

A real-world case in point:

I know an owner of a local restaurant that has been in business for 22 years. He just recently filed for bankruptcy. His sales have been increasing every year the last 4 years around 5 percent even though his customer counts are way way down. This is because he has been increasing his menu and drink prices every 6 months or so to cover his increased food cost (up 40% the last 4 years) and his increased liquor costs.


How is this "growth" when he is serving less food and drinks than ever (?) and less customers are in his business than ever (?) and he is now bankrupt even though his total sales are steadily up the last several years?

INFLATION IS NOT GROWTH!!!!