More Great Economic News

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sandy said:
Our biggest problems are criminal aliens and evil muslim terrorists. Nothing else matters if they take over. :(
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Our biggest problem is our economy, and our government's habit of spending way too much. If that isn't reigned in, you can't combat criminal aliens or terrorists anyway.
 
ashura said:
Our biggest problem is our economy, and our government's habit of spending way too much. If that isn't reigned in, you can't combat criminal aliens or terrorists anyway.
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If we're dead/injured from evil muslim terrorists blowing us up, then nothing else matters.:eek:

If the criminal aliens take over the country, there will be no country left to worry about an economy. It will end up a third-world country. :(
 
If we can't pay to fight the terrorists, then they've already won. Remember, Osama bin Laden specifically said he wanted to bleed the US economically.

If the economy tanks, you can't do things like beef up anti-illegal-immigrant efforts or build walls on our borders.
 
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sandy said:
... It {USA} will end up a third-world country. :(
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Yes, or almost that bad, but not because a bunch of 15 century nuts or poor Mexican farm workers invaded the USA. We are doing it to ourselves. The mechanism explaining how is here:

http://www.sciforums.com/showpost.php?p=1502039&postcount=1

I.e. Stop rejoycing that the government is ignoring the inflation danger and wrecking the dollar by pumping out money again to start the final "6L cycle" which ends in deep deep depression, at least for US and EU. China's growth will probably slow to only twice the US's long term average. Brazil and other suppliers of raw material, food stocks, and energy will be come "economic colonies" of Asia. US will not become "THIRD WORLD" but more like today's Italy with weak currency and relatively little influence - hardly able to show its military as the oil price in collapsed dollars will be so high. (It already is only at all time high ONLY for the US trying to buy.)
 
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sandy said:
If we're dead/injured from evil muslim terrorists blowing us up, then nothing else matters.:eek:

If the criminal aliens take over the country, there will be no country left to worry about an economy. It will end up a third-world country. :(
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You already live in a thrid world country. Break a leg and see what happens...



You lose your fucking house! :rolleyes:
 
I have done you all a great diservice. I was daunted by the fact that this thread is 52 pages and avoided it. I promise you this wont happen again

Sandy i have made it perfectly clear this forum has NOTHING to do with how much you love bush, how much you hate "illegal alians" or how much you hate "terriousts"

KNOCK IT OFF!!!!
 
sandy said:
Wrong. You pray and be healed. You don't even have to go to the doctor. If you're a faithless crybaby you go to the doctor. Then you pay your deductible and he fixes it.
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Here I can almost agree with you. If you have faith / believe (I don't) then it is true that praying does help. -I put that down to the placebo effect and fact that the mind does have considerable influence on body and its functions, nothing to do with some God interviening. (As physicist, I don't believe in "miracles.")

As far as the doctor bit is concerned, I will just tell what my father said (he was an MD): "I'm in partnership with mother nature. She cures 'em and I send out the bills."
 
TruthSeeker said:
More Great Economic News!!!!

http://www.washingtonpost.com/wp-dy...1/31/ST2008013103949.html?sid=ST2008013103949
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The housing problem did not happen over night. The biggest problem that no one is talking about is the planning and forecasting of company budgets and capital projects. Having been involved in that in the past, it works like this...

The Canadian Lumber company plans 5 years out projecting the the volume it needs to support the U.S. housing growth. The Housing construction companies do the same for 3 years. No one thinks about how much business being outsourced or manufacturing getting moved overseas because that data is hard to come by. Besides, sales people are not paid for gloomy predictions. Even the U.S. Government does not know the truth from what the Companies forecast because, the companies forecast is always rosy. If that is not, then the stock will fall...

So, basically people make decisions in blind...so when jobs left the country, there was no one to pay for these houses....after unemployment ran out...it is a domino effect that can not be repaired easily....unless new and good quality jobs are created.

In California, average house price is $400,000. Even with no interest, it is almost $4000 per month mortgage. Your household income has to be $16,000 per month to afford one of these houses. What service jobs pay that?
 
sandy said:
Oil dropped below $89/barrel. I'm real interested to see what the market does after today's primaries.
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Stocks Fall on Service Sector Weakness- AP
Stocks slumped for the second straight session Tuesday, after an unexpected contraction in the service sector rekindled investors' worry that the economy is headed for recession. The Dow Jones industrial average fell more than 200 points, while bond prices surged.
 
Oil Revenues Help Other States
Minerals help Wyoming, New Mexico, Alaska
By Justin Ewers
Posted February 1, 2008

It may be the worst of times in many states, but it's the best of times in some. Sales and income tax revenue is drying up in California and Florida, but some mineral-rich states—New Mexico, Montana, and Wyoming, for example—are watching tax revenue grow from another income stream: oil.
Related News

In Alaska, where almost 90 percent of the state budget is fueled by taxes and royalties on oil and other minerals, the high price of oil has the state sitting on a roughly $3 billion surplus. Up north, the debate in the state Legislature isn't about what to cut but what to spend it on: A massive new hydroelectric dam near Anchorage is being discussed, as is an "energy rebate" that would hand out between $500 and $1,000 to every resident.

Texas, another oil-rich state, has built a $5.7 billion rainy-day fund over the past few years using gas and oil revenues, which usually account for only 3 percent of its total receipts. "Natural-resource-based states definitely did better in the last economic downturn," says Corina Eckl of the National Conference of State Legislatures. Those same states may stay high and dry this time around, too.
 
Immigrants are no problem to the economy. I'd say that they are over here to better themselves. As you did say before, your future depends on the choices you make.
 
MOD HAT: I know most of you are just responding to sandy but as i have pointed out again and again this is ECONOMICS not politics, please read the sticky at the top of this section
 
yea i found a neat trick that lets me delet whole pages if i need to without having to do it indervidually. As for closing the thread i will take that into concideration if this cant get back to economics only but for the sake of those like kmguru i have been leaving it open
 
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