decoy409
Junior Associate
Joined: Dec 27, 2010 11:17:19 GMT -5
Posts: 7,582
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Post by decoy409 on Aug 8, 2011 16:00:09 GMT -5
Recession? Depression? Republican? Democrat? Bull? Bear?
You have no idea. But you will as all of those above stand for individual mass amounts of people in each one. Seperated/Divided,each from one another yet of the same.
Don't worry champ,best is yet to come.
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Sept 22, 2011 15:24:41 GMT -5
FTI and others have talked about how great things are. Companies are flush in cash. Doing plenty of business! The truth is the market came back because of a massive Fed and treasury $$$ input. The problem is the Ponzi scheme. Markets and banks all over the world are sucking money out faster than it is being put into the markets. Wall st. was given billions while main st. was told go to hell. It all has come home to roost. Without jobs and money consumer spending is getting pummeled. The price of gas alone has killed the economy. Make no mistake this is going to be worse than a "Depression".
Decoy and VL are correct the house of cards is beginning to show many stress fractures. I believe a complete collapse is at hand. Greece my butt, they better start worrying about 45 states. This thread may have retired to the shadows but it never went totally away.
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usaone
Senior Member
Joined: Dec 21, 2010 9:10:23 GMT -5
Posts: 3,429
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Post by usaone on Sept 23, 2011 9:49:05 GMT -5
FTI and others have NOT said everything's great.
We say we are in a slow recovery.
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
Posts: 12,758
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Post by Aman A.K.A. Ahamburger on Sept 23, 2011 22:56:10 GMT -5
That's right usaone. It's called the swoosh..  I would like to point out that I have been saying for over 6 months now, look out for 2013!!  |
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Sept 24, 2011 9:50:45 GMT -5
Slow recovery? Unemployment in Atlanta just went to10.4%. Atlanta is not recovering! Things are getting worse!
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
Posts: 12,758
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Post by Aman A.K.A. Ahamburger on Sept 24, 2011 22:51:46 GMT -5
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Post by neoh on Sept 25, 2011 12:15:18 GMT -5
Slow recovery? Unemployment in Atlanta just went to10.4%. Atlanta is not recovering! Things are getting worse! Hi bga. I've been thinking of you when I read the rail reports. I was hoping the recent uptick in logs and lumber was due to an increase in demand for flooring and other building materials in the US. It seems that it's more due to an increase in imports to Asia according to some of the Pacific ports reports. The lack of demand for lumber in the US has resulted in prices softening stateside so the loggers and mills are selling to Asia. Even so, rail shipments for that commodity are well below 2008 and earlier so they aren't doing that well. We've been getting by in the boiler sales and service business in NE Ohio. Industrial steam boiler opportunities are few and far between. High efficiency hot water boilers for commercial use in local, state, and federal facilities have been brisk but most of those are due to federal subsidy. Eventually, imo, much of that money won't be available. |
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Post by neoh on Sept 25, 2011 13:04:13 GMT -5
Geez ahamburger, You're a bigger perma bull than I thought. The population of the entire state of North Dakota is around 642k over an area of 70,704 sq miles. A population of a medium size city, about 9 people per square mile. Cuyahoga county has a population of 2X the entire state of North Dakota and is only 458 sq miles. When I was out of work during the early eighties recession, I took a temporary job in Oklahoma City (state population ~6x N Dakota) installing fences and barb wire. Oklahoma's unemployment rate was also low because of the drilling boom. The type of jobs available were mostly lower paying ones because it was nearly impossible to get a drilling job unless you were experienced in that trade or KNEW SOMEONE. The last thing sparsely populated North Dakota needs is swarms of unemployed overwhelming their limited infrastructure. The 3% unemployment rate for North Dakota is not entirely accurate. It does not include their poorest population of native Americans that suffer from multi generational unemployment. This current boom may help many of them with breaking that cycle. The reason why I took the fencing job in Oklahoma City in 1982 was because GM built a plant there about the same time and many ne Ohioans transferred to that plant. An auto worker friend of mine who had moved there provided me with the lead for the job. He landed up marrying a local native American girl which was considered to be pretty much taboo among many of that Caucasian population. Small local businesses also became more inclined to hire Native Americans due to the labor shortage. Many many (but not all) were able to escape that multi generational poverty because of those circumstances. I hope North Dakota experiences something similar. |
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
Posts: 12,758
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Post by Aman A.K.A. Ahamburger on Sept 25, 2011 15:03:41 GMT -5
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tyfighter3
Well-Known Member
Joined: Dec 20, 2010 13:01:17 GMT -5
Posts: 1,806
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Post by tyfighter3 on Sept 25, 2011 15:27:20 GMT -5
I think the message is (Why should we hinder the things that are working but embrace them because they support many other types of Business that support them meaning new jobs all around.) And What does that gives us but a Recovering Economy. JMO
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Post by neoh on Sept 25, 2011 15:57:30 GMT -5
"No neoh, you obviously need to read more of my posts, I have been warning about 2013 for over 6 months now."
Hi there friend from The Great White North.
Actually I do read many of your links. Thanks. While I'm glad that the US developing some of our oil resources, I'm not naive that this will provide much long term relief for our cost for domestic consumption. Contrary to popular belief, this resource does not belong to the American people. It gets sold to the highest bidder.
Your 2013 is not very different than my 2014 but I'll admit that mine was just a wag on the old msn board. It wasn't even an ewag but if it turns out to be right then I will say I arrived at that conclusion after serious study and deliberation.
In reality, nobody can say they know what the future will bring. Those that claim such are trying to deceive us at best or have succeeded in deceiving themselves at worst. We can, however, look in the rearview mirror and see what has happened prior to this point in time.
Since 1980, the US has embarked on a disastrous economic policy of exporting its manufacturing might. The entire country was complicit from manufacturers chasing cheap labor to consumers not supporting products that were made here. We substituted real wealth, the output of our collective labor, with ponzi economics. Credit made us feel wealthy but it made us poorer. Housing booms made us think our homes were an exponentially increasing asset but it was an illusion. Stock bubbles, busts, bubbles, bust fooled retirees that thought they would spend their later years rich. Instead of a generation of engineers we landed up with a generation of MBA's that couldn't change their own tire in most cases without injuring themselves.
I have great hope and expectations for my country but I am a realist. We will become great but the process won't start until we acknowledge the folly of our policies. When we do acknowledge it, the process will require decades to rebuild what we so flippantly threw away.
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usaone
Senior Member
Joined: Dec 21, 2010 9:10:23 GMT -5
Posts: 3,429
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Post by usaone on Sept 25, 2011 16:26:05 GMT -5
Decades to rebuild? Hardly. Technology Technology Technology. The Rail reports and the Baltic Dry Index are not even showing a coming Recession, and you guys are talking about a depression? Crazy talk. Is everything great? Of course not! If everything was great the recovery would be over. |
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Aman A.K.A. Ahamburger
Senior Associate
Viva La Revolucion!
Joined: Dec 20, 2010 22:22:04 GMT -5
Posts: 12,758
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Post by Aman A.K.A. Ahamburger on Sept 26, 2011 0:47:06 GMT -5
No doubt usawon, if it were all peachy it wouldn't be a recovery. I think the message is (Why should we hinder the things that are working but embrace them because they support many other types of Business that support them meaning new jobs all around.) And What does that gives us but a Recovering Economy. JMO That's exactly it, like in Fort Mac AB. They want to open another Tim Hortons, but they already pay $24 an hour and have a hard time finding people for the three that are there. The story of ND is the story of Alberta as well. It's fine if you want to believe that the natural resources won't be used domestically neoh, everyone has an opinion, if you want to ignore that Shell is push NG for vehicular use, that's fine as well. The Billions that CHK is spending on developing NG use for domestic uses, again, ignore away. It's one thing to think your right. It's another to have a hypothesis and then have a firm from Boston come out and say that yes, wages are going to rise up, big time, and eliminate the cheap labour in China. If you read my threads, then you should know how that is working out. Also when the Chinese govt does exactly what your saying and is spreading the wealth around, more so than the world bank! Then it's more than just a thought. The reality is that we don't need all the manufacturing jobs back, there is a huge gap in workers coming up. The medical field will continue to expand because of the aging population, and there are lots and lots of jobs in the farming industry. Plus all these jobs have offshoots, and there is also the housing market that at some point will become an economic producer as well. I'm saying watch out for 2013, that's it. I'm not saying there is a huge crisis there. I said it months before Dr. Doom came out and said that 2013 is a perfect storm, because of research, and because FTI isn't wrong about Greece and the PIIGS, it has just dragged on and on, check out the int banking thread for more on that. Yes the reinvention of America is going to take a long time, but stronger it will be because of it, that is the reality. |
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bga4444
Established Member
Joined: Dec 22, 2010 17:33:41 GMT -5
Posts: 335
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Post by bga4444 on Oct 4, 2011 9:05:09 GMT -5
Who in their right mind would buy Greece bonds? The idiots that own their bonds to begin with, thats who! Why do the tax payers of America have to underight that risk to those who were idiots to begin with! What a freaking joke!!
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