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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 5 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

PaulLowrance

Is this a voting thread? Yes I believe the US economy will get better. Wait a minute, that's not much of a prediction because todays news already said that. The past several days the news stations, especially the business channel said for 1st month the entire US unemployement took a turn toward the positive. And the results from yesterdays busiest shopping day of the year was up from last year and online sales were up 30%!

But ... the global earth changes will eventually destroy world economies.  :(

Paul

onthecuttingedge2005

Slap the dust off and try to get back on your horse, if it throws you off again then remount till you get it right.

I am sure you don't want to be chasing your horse when you could be riding off into the sunset!

Doug1

Unemployment in the US does not account for those who's insurance has run out. Those people are removed from the count even though they have not returned to work. It is a BS method of accounting. It does not include those who did not work long enough to collect once layed off or did not qualify under their state unemployment insurance rules.
The depth of banking deception or in some peoples eyes are good business practices by banks has yet to be fully known.
Example if you move millions of defaulted mortgages into another column before a pending recession and call them something ells then you look better on paper to your stock holders. If on the other hand you take tarp funds and the gov asks to see your books after you take the money post recession then you would need a diaper change and you would want to give back that money pronto to avoid someone spilling the beans on your in house scam that would surely destroy any public confidence in the banking system.
  This economy reminds me of the skit from Monty Pythons Flying circus where the guy comes in with the dead parrot and the store owner tells him it's not dead it;s just sleeping.

Cap-Z-ro

" Unemployment in the US does not account
for those who's insurance has run out. Those people are removed from the count even though they have not returned to work. It is a BS method of accounting. "

Those figures were arrived at by crack scientific team of US Climate Control experts, considered to be the vanguard of 'number crunchers'.

I have great confidence in their integrity and their findings.

Regards...


PaulLowrance


"I Hope Obama Fails. Somebody's gotta say it." Rush Limbaugh

LOL, rush limbaugh is going insane on the radio lately. The recent economy numbers must be eating a hole in his stomach, that the stocks are soaring upward, the unemployment makes a turn for the better, black friday busiest shopping day of the year is actually up from last year, online sales up 30%, and real estate is picking up! Yehaw! And I thought it would take Obama ~ 4 years to turn the economy, thanks to the nightmare of G.W.Bush. Now it's upwards from here.

The real estate is unfortunate for me since over the past year I've been looking to eventually buy some rural land. Darn it, it's going up!  :( ;D ;D

Regards,
Paul