More Great Economic News

Discussion in 'Business & Economics' started by sandy, Jun 2, 2007.

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  1. S.A.M. uniquely dreadful Valued Senior Member

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    Too many economies depend on US consumption, as well as the stability of the dollar. A lot of economies will flounder if and when the dollar plummets.
     
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  3. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    India and Brazil will do reasonably well, for slightly different reasons, when the dollar collapse causes "global" depression.

    BTW, in last week of so, both the Brazilian and Indian stock exchanges passed thru the total capitalization level of 1 trillion dollars! In Brazil our manufacturers are hurting as the flux of dollars (FDI and bank deposits) has made the Real so strong, they can not profitably export. Fortunately, the local population is getting richer and domestic sales are up. I bet in India it is nearly the same story, but perhaps more extreme in Brazil as we have the highest real interest rates in the world, so some "hot money" is "parked" until it is used.

    I would appreciate your comments on the economics of India that you see when you go shopping, hear people expressing concern about, and especially anything related to India's sugar/alcohol industry.
     
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  5. S.A.M. uniquely dreadful Valued Senior Member

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    My own ideas about economics are based on common sense, I have no training or ability to comprehend economics.

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  7. sandy Banned Banned

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    Consumers brushed off rising gasoline prices and slumping home sales to storm the malls in May, pushing retail sales up by the largest amount in 16 months.

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    The Commerce Department reported that retail sales surged by 1.4 percent last month, compared to April, double the increase that analysts had been expecting.

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    Gotta love this economy and the USA!:bravo:

    http://apnews.myway.com/article/20070613/D8PO1EJG1.html
     
  8. Odin'Izm Procrastinator Registered Senior Member

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    I have even better news, the Forum in St.Petersburg predicts that by 2020, the US economy will double, while Russia's increases up to twenty times if all is good. Soon we can be brothers

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  9. kmguru Staff Member

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    YUP!

    From 2000 to 2006 the foreign-born workforce grew by 5.3 million, or 31 percent. Over the same period the number of U.S.-born workers rose by 3.9 million, or 3.3 percent. So some 57 of every 100 jobs created during the first six Bush years went to an immigrant.

    This is a great country for the immigrants....Gotta love this country....
     
  10. kmguru Staff Member

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  11. Mr. G reality.sys Valued Senior Member

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  12. kmguru Staff Member

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    GDP of EU is $15.7 Trillion
     
  13. S.A.M. uniquely dreadful Valued Senior Member

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  14. TruthSeeker Fancy Virtual Reality Monkey Valued Senior Member

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    Man... you are a retard.

    I'm sure you think the money from your credit card is actually god-given...

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    It's free, eh...?

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  15. TruthSeeker Fancy Virtual Reality Monkey Valued Senior Member

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  16. TruthSeeker Fancy Virtual Reality Monkey Valued Senior Member

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    Without, obviously. GDP doesn't take that into account. Nor a few other things...
     
  17. TruthSeeker Fancy Virtual Reality Monkey Valued Senior Member

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    The US is an economic blackhole.........

    Thank you for that insight, Mr G...

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  18. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    lack of "more good economic news" seems to be why this thread is off thread.

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  19. sandy Banned Banned

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    The economy is fine thank you. :bravo:

    Unemployment is at 4.5% ("zero unemployment") DESPITE 50 criminal aliens here stealing American's jobs.

    The housing market is still good in most parts of the country. The areas that had the frenzied highs of the past 7 years are stabilizing.

    The DOW is at 13,408-- near the record-high. It's up 7.6% YTD.

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    You can get 5.75% return on a savings/checking account.

    Interest rates are still at near-lows.

    We're fine, thank you. The only miserable people around here are the liberals who would not be happy no matter what.

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  20. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Many have stopped looking for work. - They are not considered "unemployed." Also the average real wage is going down as factory jobs close and workers are forced into "MacJobs." Part of why US savings is negative and becoming more so each year. (Retiring baby boomers are a larger part of why the negative rate of saving is negative and become every more negative while US debts increase.)

    As for the new highs of the DOW they are in nominal dollars. See thread "Dow is not at new high - Dollar is dropping" to try to understand what is the real condition - why I have more than a year ago predicted the Dow will be "near 1500 by end of 2007 or early 2008" but actual the real wealth of owing all stocks in the Dow is dropping.

    As for housing I will just quote from recent Bloomberg article that show the US problem is spreading into Europe now. It is also caused some private equity firms to collapse or others to be bailed out at losses to their owners.(I will try to get ref and edit to give evidence of this soon).

    It is no longer just the US where home prices are headed South. (almost everywhere in US true if inflation corrected or “purchasing power dollars” instead of nominal dollars are used.) Only in China and India are housing prices rapidly rising in real terms. – That should tell you something about where the real growth per capita is, if you can think. To quote from recent Bloomberg paper:

    “...With a strong euro, a steadily recovering economy, and no looming threat from inflation, you might think that Europe's property market was largely immune from the decline in U.S. home values.

    Think again. Cracks are starting to appear in the real- estate markets of Ireland, Spain and France -- the three euro- area countries where property prices have soared in recent years.

    That isn't about to blow over. The housing markets in these countries may be on the verge of a sustained period of stagnation -- and maybe even a full-blown collapse.

    Why? House prices surged because interest rates were set too low for those nations for several years in a row. Now they are likely to be too high.
    Europeans who thought investing in property was a sure bet are being forced to reconsider. ..."

    From:
    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aHuTdNpPbDmc

    PS not trying to disturb you. - Keep your head in the sand as long as you can. Think pleasant thoughts etc. Ignore the facts and trends. Keep your OPINIONS, do not trouble yourself with trying to understand superficial facts or references to them. Just quote us the DOW and you can be ignorantly happy for a few years more.
     
    Last edited by a moderator: Jun 30, 2007
  21. sandy Banned Banned

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    You see the glass as half-empty.

    I see it as half-full.

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  22. Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    Perhaps, but your fail to see that it was full* and the level is rapidly dropping now.
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    *I.e. a decade ago, dollar was sound, US was strong, respected world wide, people with money were not looking for ways to get out of dollars as the Mid East sellers of oil and China are doing now. I saw all this coming 5 years ago and have profited from it by getting out of dollars before the crowd.
     
    Last edited by a moderator: Jun 30, 2007
  23. kmguru Staff Member

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    Here is what I am wondering...there are people who would say that the economy is great and that the war in Iraq is doing great, we are killing as many people as possible and that they are our enemies. The otherside would say just the opposite.

    Once upon a time, Argentina was at the top of economic ladder. Now there are 60% poor. But if you ask how is Argentina economy, most who can speak English would say, it is great.

    Why is that? Is that we all believe in fairy tales or that something is wrong in the culture that refuses to accept the trend? Or, is that, we can not do anything about it so accept and feel good syndrome? Just like the war in Iraq where number of humans have died are a lot more than the Sadam's killings!

    Or is there a sinister motive where we say everything is great because we profit from other's misery? So what if there are 60% poor in Argentina, the other one percent are rich providing services to the poor.

    A Coffee company in Africa sells their high quality Arabica to France for $1.14 per Kg. We told them to sell their coffee at $30 to $40 per kg in America. When they said that to their buyers in France that they are going to visit USA, the buyer quickly threw a party and said, there is no reason to go to USA, their economy is going to collapse anyday now and that Americans are difficult to do business and a whole list of reasons why they will fail if they come to America.

    Is the economic prediction, global warming, Poor in Africa, Healthcare in America etc follow a similar thought process?
     
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