More Great Economic News

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When large corporations make money...stocks go up. Shareholders make money. So what is the problem?

Well, money can be made two ways. You can have a manufacturing plant in USA and pay the usual union wages and make money - or - you can move your plant to China (or contract work) and make 3 times the money. So, profit is high and stocks are up....everybody is happy...

Everybody except the poor bastards who lost their job.

If only a few company do that, it would not make a dent in the $12 Trillion economy. Few thousand companies, there will be a tipping point to disaster.

In the meantime, making money through healthcare ($2.4 Trillion) and wars is an expense, not real growth.

I would say, the tipping point is 2010.
 
I would imagine there is a direct link between large corporate profits and nice US jobs reports lately.
 
kmguru said:
Sign of times - when people are out of work....[/URL]
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The increasing crime rate has nothing to do with employment. We are at full employment despite 20 million illegal aliens here and working.
The biggest jump in crime is from these illegal aliens. Most of them are like wild animals. They don't speak English. They don't obey laws. And they don't fit in here. They steal, kill, maim, attack, and suck our social services dry.
 
Baron Max said:
Just watch the stock market relative to the news reports, TS, you'll see how it goes up and down with the sensationalist bullshit that the media puts out ....which is mostly anchornews hype and bullshit.

Then watch how the market rebounds when some of that bullshit news doesn't pan out in the following days. All hype, all sensationalist bullsht, ....and people believe it!

Baron Max
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HAHAHA Why do you suppose that is Baron? Because pyramid schemes are all dependent on everyone believing in them. The stock market is a scheme that is based on some REAL value yes, labour and goods and services, however, much like the banks inflate the REAL wealth they have(which normal joe's foolishly give them to lend). Guess what, it can't go on forever and like any good pyramid scheme the best thing you can do is get out before it collapses.
 
Baron Max said:
Just watch the stock market relative to the news reports, TS, you'll see how it goes up and down with the sensationalist bullshit that the media puts out ....which is mostly anchornews hype and bullshit.

Then watch how the market rebounds when some of that bullshit news doesn't pan out in the following days. All hype, all sensationalist bullsht, ....and people believe it!

Baron Max
Click to expand...
The hype is the story that is not true.
 
Media has become a form of entertainment.... :rolleyes:

And brainwashing weapon used by the elite, of course.... :rolleyes:
 
kmguru said:
When large corporations make money...stocks go up. Shareholders make money. So what is the problem?
Click to expand...

They are making money at the expense of the environment? Well, not all of them, of course, but a great majority is. Also, sometimes people get hurt. Every time a corporation downsizes, shareholders profit from it. But isit ethical to make money by laying off workers?

Also, corporations can artificially inflate the value of their stocks to make money. They can use options, for example. In the US, they can also play tricks by retiring and reselling shares....

Well, money can be made two ways. You can have a manufacturing plant in USA and pay the usual union wages and make money - or - you can move your plant to China (or contract work) and make 3 times the money. So, profit is high and stocks are up....everybody is happy...
Click to expand...
Including the unprotected chinese workers?

Everybody except the poor bastards who lost their job.
Click to expand...
Then it's not everybody.

[quoteI would say, the tipping point is 2010.[/QUOTE]
Yes. I would say between 2010 and 2015
 
sandy said:
The increasing crime rate has nothing to do with employment. We are at full employment despite 20 million illegal aliens here and working.
The biggest jump in crime is from these illegal aliens. Most of them are like wild animals. They don't speak English. They don't obey laws. And they don't fit in here. They steal, kill, maim, attack, and suck our social services dry.
Click to expand...
Scapegoating...:rolleyes:
 
sandy said:
The increasing crime rate has nothing to do with employment. We are at full employment despite 20 million illegal aliens here and working.
The biggest jump in crime is from these illegal aliens. Most of them are like wild animals. They don't speak English. They don't obey laws. And they don't fit in here. They steal, kill, maim, attack, and suck our social services dry.
Click to expand...

There are only 12 million, and please stop your racist comments. Mexicans are not "wild animals".
 
No, she doesn't believe they are wild animals. She believes they are pure crap or something worse then just wild animals. :bugeye:
 
Top central bankers wary of economic shock

Fed Chairman Ben Bernanke tells panel that we won't necessarily always have 'current benign conditions.'
June 5 2007: 1:45 PM EDT


CAPE TOWN (Reuters) -- Investors should prepare for the risk of a serious shock in case current favorable conditions in the world economy go into reverse, top central bankers said on Tuesday.

In a joint panel discussion, central bank chiefs for the world's three largest economies, the United States, the euro zone and Japan, said investors should guard against complacency.

Chinese markets take investors on a wild ride. CNN's Jaime Florcruz reports.
Play video


"It's not necessarily the case that the current benign conditions will continue forever," Federal Reserve Chairman Ben Bernanke told the International Monetary Conference here, via satellite link.

In other words by 2010, we are screwed.
 
The russians are coming! The russians are coming!!!


Just kidding... :D

Whatever. The US will probably go down by itself...
 
If you read the financial press, you can learn facts, but most do prefer to remain dumb and happy. For example here is a little documentation about fact the “smart money” is getting out of dollars, as I stated in post 9:

“…in April 2007, U.S. equity funds and ETFs received a pathetic $750 million, while global equity funds and ETFs raked in $22.6 billion. …”

From:
http://www.forbes.com/2007/06/04/li...rimtabs_inl.html?partner=investing_newsletter

Title of that Forbes article states most of the money moving out of US is NOT going to Europe.* As I have repeatedly stated, EU is similar to US, but with much better infrastructure to cope with high priced energy (Better public transport, small cars, lacking US's "suburban sprawl," etc.) but both will be badly hurt when run against the dollar begins. It is only a slow slide down now, not the quick collapse China can trigger anytime it wants to take some loss on its 1.2 trillion dollar reserves in exchange for US not being able to buy oil in competition with it. China has already started to reduce that loss by getting out of Treasury bonds and into hard assets, but must proceed slowly to avoid prematurely killing US economy. (For a few years more, China needs the debt ridden US consumer, but China's non-US exports are rapidly growing as is the domestic demand. The workers in China are no long receiving only "low wages" and soon will know what credit cards are. etc.)
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*Most is going to South America, according to Forbes. My local paper yesterday stated that more than half SA's FDI is going to Brazil. (Again I as stated earlier in post 9, this main reason why in dollars my ADR sbs, is up 800% and dollar has lost 55% of its value against the Real in about 4 years.)
 
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