thought the expected was more towards 130k-150k either way they were way off… good day to be in the bond market
Cannot have equity recovery that sticks without money moving from bonds into stocks. And guess what we haven’t seen from what I can tell…Bond outflow. This doesn’t even touch on employment being a requirement…that goes without saying.
JMHO
Can not have equity recovery with…
Jobs since 2008: Manufacturing -14.8%, Construction -26.0%, retail trade-6.7%, healthcare +7.1%, Educational services +7.9%, etc. (WSJ 7-6-2011)
No construction and no manufacturing = no equity building.
you can look further back than that we really havent created any jobs since 1990 kinda sad actually… i still dont think we have seen the bottom things are only gonna get worse before they get better
and all the states are broke, they dont have the money to pay state construction workers at least not right now. They are gonna have to start taking away from the unions pensions inorder to save some money
The only viable solution IMO is to take back from the elite wealthy what they took from the majority, but we all know that isn’t going to happen.
They (politicians on bankers strings) keep trying to steal from the middle class, pushing more and more of us into poverty. Middle class is indeed shrinking and the change is not sustainable on many levels. Keynesian economists may not agree but rest assured…there will be hell to pay! All the crash books written that people have bashed because predictions haven’t come to fruition yet…tick tick tick, that’s the sound of your life running out.
We haven’t been allowed to feel poor yet because we are debt rich. A $14+ Trillion dollar national debt load says we are indeed poor. Every taxpayer owes $130k if you divide this out.
http://www.usdebtclock.org/
http://www.usdebtclock.org/state-debt-clocks/state-of-new-york-debt-clock.html
This one’s a new link to me. Nice debt/revenue ratio. LOL
I didn’t check the math but I heard even if we tax the elite/wealthy 100% there would not be even close to enough money. It seems like yesterday when a billion was a lot of money, now they have burned up trillions in an instant. We are fucked no matter how you slice it. Prep for SHTF.
This gonna get moved to Politisuck too? lol
Why? We are discussing things that make the market move.
Yeah but the debt thing is a very heavily politicized issue. A lot of people see it as something that shouldn’t be done no matter what, others see it as a necessary evil. I can just see it taking a turn for the worse. lol
I remember this time in our history when our budget was DOUBLE our GDP. 10 years later, anarchy. Er, I mean, we were a world superpower.
Granted that was for WWII and this is for “I want a lot of stuff and a lot of social programs and I don’t want to pay for it”, but I’m just saying armageddon might not be coming.
That was such a different era with a different cost of living, American wage etc…
The economy is an exponential beast and there is no room for proper recession/deflation. At some point there will be pain…inflation masked as “growth” can’t be sustained forever. I feel sorry for my generation and the next 1 or 2. We will be/are slaves to the baby boomers debt lifestyle.
Yeah but there won’t be rooting in the streets. More like how there is still debate over when the Roman republic ended. Funny that it’s usually attributed to Julius Caesar being named perpetual ruler. * coughFDR cough*
you know how to cut the roman empire in half don’t you?
with a pair of ceasars!
everyone getting F’ed right now? how much is due to the italy debt crisis BS
I’m liquid for the most part and waiting for another leg of recession/depression. Good chance it won’t happen till post elections because we all know the games they play.
Debt ceiling theme song…“raise the roof”! LOL
im taking a bath on a few. i heard so much good stuff about SemiLEDs and BPZ resources…verdict, i need a little lipstick so at least i look good as i get F’d
so are u saying your mostly in cash right now? why not put it into treasuries and just wait for everything to collapse and make money off of it? wouldnt they be the safest investment at the moment?
honestly, im really scared right now. my dad has been saying for a few years now its going to get really bad… i have a secure job and we do buildings for the healthcare/education markets, but everything else is what makes me worry. ive been wanting to move out so i dont have to keep paying rent to live at home but it almost seems like a bad idea with the economy. i owe like 900 bucks on my car loan and about 1500 on a cc…im thinking just pay em off now and pull my stocks out of the market, maybe go to a goldsmith and see how much gold i can get.
^^^^f gold, if it gets REALLY bad just invest in some gasoline and bullets B-)
If people did their own homework or insisted on a financial advisor that wasn’t just in it for the commission they could have a long term cost basis of near 0 if not better.
If covered calls and other option strategies were used people could be sitting risk free and actually making money on their stocks time value.
Owning stocks and not using option strategies is like owning a multi unit building and not renting any out.
IMO metals aren’t the answer and bonds aren’t either as cash has yet to flow out of the bonds into equities which has kept bond yields super low. JMHO there though. 