No threads on the economy?

cincybearcat

Gob wrote:

Maybe it's time to dump technology and all the crap and stress that comes along with it and start living the simple life, small communities of people helping each other out. No jobs being exported overseas.



It's sad when our economy is based on speculation. We have nothing to fear, but fear itself.

Can we also go back to the time with no sanitary system? If people would just die as young as they use to, we wouldn't even need SS.

polaris_x

the question is when is this facade going to end!? ... how much longer do we continue to allow these evil bastards the free will to manipulate the system for maximum gain while we "trade" on virtual / trumped up assets ...

take your money and learn to grow your own food and bake your own bread ... the house is gonna come crumbling down - it's a matter of time ...

edit:

signed - resident treehugger

ps ... welcome back to the OP

pandora

CH156378 wrote:

i'm buying gold, firewood, ammo, and canned goods.

great ... made me laugh

inlet13

know1 wrote:

This is the biggest mistake you can make, unless you're going to retire in the next few years.

For those with longer to go, this is the perfect time to "buy cheap" and have it grow until retirement.

It's the perfect time to buy cheap if you think the market won't FALL. If it's going to FALL, you're dead wrong. If it falls, it's best to get into something safe, wait it out and jump back in when it's cheaper

know1 wrote:

You shouldn't even look at the dollar value of your 401K. You should think about how you had "X" number of shares yesterday and you still have "X" number today. Plus, the ones you buy today will be cheaper and you always want to buy cheap as opposed to selling cheap.

So, instead of saving what you could have lost, you've just probably lost more in future returns.

Nah, if this continues to fall I will be able to jump back in when it hits bottom and make a crap load more money than someone who just "buys and holds". And I don't even need to know the bottom. I just need to wait it out. See when it begins to turn up again for a sustained period and jump back in. Granted everything I'm saying is based on the market falling more.... and I admittedly could be 100% wrong about that.

To me "buy and hold" is a thing of the past since the most recent recession. "Buy and hold" assumes recessions are small, and corrections in the market mean small dips... not 50% drops like we've seen recently (and may see again). To put it bluntly, most 401Ks are well diversified. The Dow, for instance, is also diversified. If the Dow plummets by 50%, a 401K holder who's heavily vested in equities, will end up with roughly 50% lower value in their 401K (less the new contributions that went in, which always fools people into believing that their 401K is doing better than it actually is). Sure, if you chose the right funds, you may be 40% lower. But, you'll be lower. My argument is to not sit around and see your money tank. You want to buy cheap? You can buy into something safe waiting to get back in at the bottom when it's "cheaper". So, sit on the sidelines, watch the market tank, then hop back in when the value is better.

You're basically saying that staying with a stock that's valued at $50 a share, when it's sinking to $25 a share is smart because you can buy more stocks at $25 a share, and the value will eventually go back up to $50 a share later. My point is get out when it's falling... put your money elsewhere and getting back in at $25 a share is smarter. That way, you have more money to use, to buy more shares, cheaper. Then you can watch it rise back up to $50 a share. (I should say however, if the market doesn't fall... you're approach is obviously wiser because you'll "make" money, while I'll be sitting on the sidelines.)

The days of regurgitating financial advisor info is over. They are clueless when it comes to the economy and macro drivers. This market is ruled by the macro drivers, not by company fundamentals. Getting out and waiting for a bottom to get back in is the smart approach.

inlet13

Caveat... semi-positive unemployment data today, let's see what this does for the Dow.

Jeanwah

I just find the economy so depressing that there's not much a need to keep talking about it.

Like Polaris mentioned, I'm focused on growing my own food instead.

ed243421

FiveB247x wrote:

We should all hope it comes crashing down. The fallacy that private, for profit industries should be the backbone of America's citizens stability and well-being (banking, healthcare,social security, energy, etc) is so far out of whack. Wall Street is nothing more than greed, and the rich getting richer nowadays. Let it all come crashing down and in the long term, our nation and population would be far better off for it.

five

i know you are from new york and all, but i have to give you credit

i agree with just about every post you make

and this is another where you are exactly correct

keep on postin'

change will come

SPEEDY MCCREADY

Jeanwah wrote:

I just find the economy so depressing that there's not much a need to keep talking about it.

Like Polaris mentioned, I'm focused on growing my own food instead.

What ya growing???

Go Beavers

inlet13 wrote:

Caveat... semi-positive unemployment data today, let's see what this does for the Dow.

Payrolls rose 154,000 in the private sector in July. Sad-happy--happy--sad.

Jeanwah

SPEEDY MCCREADY wrote:

Jeanwah wrote:

I just find the economy so depressing that there's not much a need to keep talking about it.

Like Polaris mentioned, I'm focused on growing my own food instead.

What ya growing???

The question is more like... What is not dying? Veggies are flourishing, that's about it! I definitely don't have a green thumb.

gimmesometruth27

i think the american confidence is shattered. i can not recall people having a more pessimistic outlook than they do now.

i think the final nail in the coffin for most of us to reach "i don't give a fuck anymore" point was this most recent piece of shit debt ceiling bill, and all of the fighting it took to get to the outcome that the deficit will only be reduced by about a trillion over 10 years...

Jeanwah

gimmesometruth27 wrote:

i think the american confidence is shattered. i can not recall people having a more pessimistic outlook than they do now.

i think the final nail in the coffin for most of us to reach "i don't give a fuck anymore" point was this most recent piece of shit debt ceiling bill, and all of the fighting it took to get to the outcome that the deficit will only be reduced by about a trillion over 10 years...

Ya know, and I know this is depressing, but last night while watching what's going on in Somalia because they have no govt and are being run by terrorists with mass malnutrition there, I got this feeling that if things don't turn around with the US govt incessantly fighting and the economy failing, that is the ultimate of where we're generally heading.

fife

just to give a little bright light. jobs hiring was higher than expected for July.

http://money.cnn.com/2011/08/05/news/ec ... ?hpt=hp_t1

inlet13

fife wrote:

just to give a little bright light. jobs hiring was higher than expected for July.

http://money.cnn.com/2011/08/05/news/ec ... ?hpt=hp_t1

Agreed, the data beat expectations. But, if we're being honest, expectations were very, very low.

As of now, unfortunately, markets don't seem to care about that small bright spot...

http://www.google.com/finance?q=INDEXDJX%3A.DJI&hl=en

RFTC

gimmesometruth27 wrote:

i think the american confidence is shattered. i can not recall people having a more pessimistic outlook than they do now.

i think the final nail in the coffin for most of us to reach "i don't give a fuck anymore" point was this most recent piece of shit debt ceiling bill, and all of the fighting it took to get to the outcome that the deficit will only be reduced by about a trillion over 10 years...

in financial speak, it's called capitulation aka blood on the streets. we are not there yet in action but psychologically, we are getting close.

my advice to all w/jobs, do it well and if your not the boss, make sure your boss knows the bottom line results you are providing.

last advice, let's all have a killer time at pj20 in 4 weeks, no wall street, DC partisan BS talk, all PJ and fellowship. Can't wait!

Godfather.

http://www.foxnews.com/politics/2011/08 ... -sell-off/

if you think it's bad now I have a feeling that when the Military spending cuts kick in it will get worse for everybody including wall street.

Godfather.

FiveB247x

Thanks for the kind words.

And unfortunately, I have zero faith in anything changing for the better. The people don't force change and have become far too polar and ignorant, the government is in bed with big business, so that will remain in place and is ever growing. Things just continually break down little by little..and it's deserved. We're far too busy showing a false sense of morality and sympathy in the after math of problems compared to preventing them.

ed243421 wrote:

FiveB247x wrote:

We should all hope it comes crashing down. The fallacy that private, for profit industries should be the backbone of America's citizens stability and well-being (banking, healthcare,social security, energy, etc) is so far out of whack. Wall Street is nothing more than greed, and the rich getting richer nowadays. Let it all come crashing down and in the long term, our nation and population would be far better off for it.

five

i know you are from new york and all, but i have to give you credit

i agree with just about every post you make

and this is another where you are exactly correct

keep on postin'

change will come

UpSideDown

I ignore it because everything in here points to gloom and doom, and then the headline on MSN right now reads Positive News on US Jobs.

Nobody knows what the F they are talking about. It is all just speculation, always. I'm just gonna grind out paycheck after paycheck and not worry about it. I'm doing alright.

Jason P

Jeanwah wrote:

The question is more like... What is not dying? Veggies are flourishing, that's about it! I definitely don't have a green thumb.

I tried starting my first garden this year .... I give myself a D+ rating so far ... and that's only because I got my strawberry harvest early :oops:

I learned lot of lessons though. The most important one ... Preen! My veggie garden turned into a weed garden. :(

FiveB247x

Perhaps that is correct, but with that said, just about every "news channel" on American tv is mere sensationalism and not journalism. 24 hr networks invent news and items to discuss and debate, not report on them.

UpSideDown wrote:

I ignore it because everything in here points to gloom and doom, and then the headline on MSN right now reads Positive News on US Jobs.

Nobody knows what the F they are talking about. It is all just speculation, always. I'm just gonna grind out paycheck after paycheck and not worry about it. I'm doing alright.