American economy in the crapper.
- Thread starter MonsterMark
- Start date
barry2952 said:
And, as you usually, you're wrong.
And you also fail to recognize the RECESSION, the terrorist attacks, the wars, and the massive amounts of economic negativity and lies fed to the public nightly by the press.
I'll elaborate.
This isn't the only sign the economy has improved. However, NOW the market is at this high, but it's not based on the completely overinflated, unsustainable tech boom.
And all the other economic indicators do show long term growth.
So, honestly, you should understand the whole situation before you just try to contradict Bryan.
MonsterMark
Dedicated LVC Member
barry2952 said:
LOL. Need some advice.
Hint...
Mining Equipment
Energy - Wind & Solar
Oil
Precious metals
Retail, especially home improvement dealing with Katrina
There are so many opportunities out there right now.
Get a new advisor.
Right now, I would short oil. Going down to $40 in the next 8 months.
Cash out your business. Reinvest that money.
Heck, Silver made 5% yesterday alone.
Disclaimer....Do NOT follow my advice. I am not a professional investor. My comments are mine alone. For conversation purposes only.
MonsterMark
Dedicated LVC Member
Calabrio said:
Um, they never do. Flash and distract.
MonsterMark
Dedicated LVC Member
If the economy was really as weak as the media wants us to believe, the spikes in gas prices would have long ago sent us into a recession or at least given a huge bump to inflation.
From the White House....so you know it is all lies. Let's get that out of the way right away. Everything this administration says is a lie.
Economic Growth Continues
More Than 5.1 Million Jobs Created Since August 2003
On April 7, 2006, The Government Released New Jobs Figures - 211,000 Jobs Created In March. The economy created 211,000 jobs in March and has created about 2.1 million jobs over the past 12 months - and more than 5.1 million since August 2003. The unemployment rate is 4.7 percent - lower than the average of the 1960s, 1970s, 1980s, and 1990s.
The Economy Is Strong And Continues To Grow
GDP Growth Is Strong. Real GDP increased 3.5 percent in 2005. The economy has been growing for 17 straight quarters, and the composite index of leading indicators has risen the past 6 months, indicating continued growth.
The Conference Board Index Of Consumer Confidence Rose To 107.2 In March - The Highest Level In Nearly Four Years.
Inflation Remains Contained. The core Consumer Price Index (CPI) rose just 0.1 percent in February. Core CPI has increased a moderate 2.1 percent over the past 12 months, indicating core inflation remains contained.
Over The Past Year, Employment Has Increased In 48 States.
Real Disposable Incomes Have Risen 2.2 Percent Over The Past 12 Months. Since January 2001, real after-tax income per person has risen 8.3 percent. Real household net worth is at an all-time high of $52.1 trillion, and the median net worth of American households rose 1.5 percent between 2001 and 2004.
Consumer Spending Is Strong. Real consumer spending has increased 3.2 percent over the past year, and nominal retail sales are up 6.7 percent over the past 12 months.
College Graduates Face The Best Job Market In Five Years According To Employment Consulting Firm Challenger, Gray & Christmas.
Manufacturing Expansion Continues. The Institute for Supply Management (ISM), a private research group, reports manufacturing activity grew for the 34th consecutive month in March, and its reading of 55.2 indicates continued sector expansion. According to the Federal Reserve, over the past 12 months total industrial production rose 3.3 percent, including a 0.7 percent increase in February, and manufacturing industrial production rose 4.2 percent.
New Orders For Durable Goods Surpassed Expectations And Rose 2.6 Percent In February.
Construction Spending Is At An All-Time High, Rising 0.8 Percent In February To Reach A Seasonally Adjusted Annual Rate Of $1.185 Trillion.
Service Sector Grows. The ISM reports non-manufacturing business activity grew for the 36th consecutive month in March. The ISM's business activity index reading of 60.5 indicates continued sector growth.
Productivity Growth Continues. During the past four quarters, productivity has increased 2.5 percent. Productivity has grown at a 3.4 percent annual rate since the business-cycle peak in the first quarter of 2001. America has the most productive workers of any major economy in the world.
From the White House....so you know it is all lies. Let's get that out of the way right away. Everything this administration says is a lie.
Economic Growth Continues
More Than 5.1 Million Jobs Created Since August 2003
On April 7, 2006, The Government Released New Jobs Figures - 211,000 Jobs Created In March. The economy created 211,000 jobs in March and has created about 2.1 million jobs over the past 12 months - and more than 5.1 million since August 2003. The unemployment rate is 4.7 percent - lower than the average of the 1960s, 1970s, 1980s, and 1990s.
The Economy Is Strong And Continues To Grow
GDP Growth Is Strong. Real GDP increased 3.5 percent in 2005. The economy has been growing for 17 straight quarters, and the composite index of leading indicators has risen the past 6 months, indicating continued growth.
The Conference Board Index Of Consumer Confidence Rose To 107.2 In March - The Highest Level In Nearly Four Years.
Inflation Remains Contained. The core Consumer Price Index (CPI) rose just 0.1 percent in February. Core CPI has increased a moderate 2.1 percent over the past 12 months, indicating core inflation remains contained.
Over The Past Year, Employment Has Increased In 48 States.
Real Disposable Incomes Have Risen 2.2 Percent Over The Past 12 Months. Since January 2001, real after-tax income per person has risen 8.3 percent. Real household net worth is at an all-time high of $52.1 trillion, and the median net worth of American households rose 1.5 percent between 2001 and 2004.
Consumer Spending Is Strong. Real consumer spending has increased 3.2 percent over the past year, and nominal retail sales are up 6.7 percent over the past 12 months.
College Graduates Face The Best Job Market In Five Years According To Employment Consulting Firm Challenger, Gray & Christmas.
Manufacturing Expansion Continues. The Institute for Supply Management (ISM), a private research group, reports manufacturing activity grew for the 34th consecutive month in March, and its reading of 55.2 indicates continued sector expansion. According to the Federal Reserve, over the past 12 months total industrial production rose 3.3 percent, including a 0.7 percent increase in February, and manufacturing industrial production rose 4.2 percent.
New Orders For Durable Goods Surpassed Expectations And Rose 2.6 Percent In February.
Construction Spending Is At An All-Time High, Rising 0.8 Percent In February To Reach A Seasonally Adjusted Annual Rate Of $1.185 Trillion.
Service Sector Grows. The ISM reports non-manufacturing business activity grew for the 36th consecutive month in March. The ISM's business activity index reading of 60.5 indicates continued sector growth.
Productivity Growth Continues. During the past four quarters, productivity has increased 2.5 percent. Productivity has grown at a 3.4 percent annual rate since the business-cycle peak in the first quarter of 2001. America has the most productive workers of any major economy in the world.
fossten
Dedicated LVC Member
barry2952 said:
Waaaah! Waaaah! It's all about me!
Boo-hoo. Go hire another fund manager and stop casting aspersions on everybody else because of your own problems.
fossten
Dedicated LVC Member
barry2952 said:
Waaaah! Waaaah! It's all about me!
Boo-hoo. Go hire another fund manager and stop casting aspersions on everybody else because of your own problems.
MonsterMark
Dedicated LVC Member
Calabrio said:
It is a feeling I get when I see a run-up on things. There is always a pull-back before a long surge ahead. I can see oil at $100 in 2 years. But i think there is going to be a lull before the storm, so to speak. Nigeria is not helping right now, nor the Iranian situation. I would look at the Iranian situation to see if it is going to resolve itself. There was alot of shorting going on yesterday. People think the price has been driving up by bidding wars, not demand. Something to watch closely. Point is, there is money to be made whether the market goes up or down. You just have to make sure your on the right side. If I knew how to do that repeatedly, I guess I would be in a different business.
Here is a great site that makes for some good reading. Hope it helps.
http://www.energybulletin.net/
fossten
Dedicated LVC Member
barry2952 said:
Wrong. The only thing back to where we were 5 years ago is the Dow. The economy has grown past that point as well, and so has net job creation.
*owned*
MonsterMark
Dedicated LVC Member
So really what's your point Barry? Most of us were wiped out when the bubble burst back in 2000. And then the recession came. Then came 9/11. Then a war or two. Now oil has gone thru the roof. And we are still standing.barry2952 said:
So what's your point? Can't be happy and can't be satisfied that things are moving in the right direction? Feel sorry for ya bud.
Like I said, get a new advisor or at the very least pull half your business away from the guy that has it now. Get some fresh blood. Get a new perspective. You would have made a killing in any of the sectors I mentioned above. Some are not very glamorous, like digging rocks, but boy-oh-boy, some killer returns.
How 'bout bio-fuel? The guys that make stainless-steel tanks for ethanol are going bonkers right now. Dive in.
MonsterMark
Dedicated LVC Member
Calabrio said:
http://www.breitbart.com/news/2006/04/23/D8H62V8O0.html
I'm telling you. It's 'short' time.