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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

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Do you think the American economy will ever improve?

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

#205
December 04, 2009, 09:34:55 AM

Jobs are up. Real estate is up. Sales from the big shopping day of the year last week was up. Online sales are up over 30%. Stocks are soaring upward.  :)

The only thing is for Mother Earth to do her thing and cleanse the planet. Now that will hurt the economy!  :(

Paul

the_big_m_in_ok

#206
December 04, 2009, 10:17:15 AM
Quote from: PaulLowrance on December 04, 2009, 09:34:55 AM
Jobs are up.
I think this is a double dip condition.  There are underlying problems in the economy not being addressed.
Quote
Real estate is up.
People are still borrowed, not seeing the past double dips of previous recessions.  Not good.  This is a mistake.
Quote
Sales from the big shopping day of the year last week was up. Online sales are up over 30%. Stocks are soaring upward.  :)
Borrowing and speculation.  Bubbles that were made by Obama's stimulus package(s).  These usually end badly when they deflate.  I live in Calif.(13% of the whole American GDP) and economic analysts here are scared.
Lots. Of. Gimmicky. Borrowing.
Quote
The only thing is for Mother Earth to do her thing and cleanse the planet. Now that will hurt the economy!  :(
People need to begin now, collectively on a grand scale, and they're not doing that.

--Lee

"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.

PaulLowrance

#207
December 04, 2009, 10:31:20 AM
The recent #'s don't lie. I'm glad the economy in *totality* is making a major turn toward the better, and all (in totality) is going well.  ;D   Just look out for Mother Earth though. She's pissed.  ;)

Azorus

#208
December 04, 2009, 10:32:33 AM
Agrees with big,

Some of the problems out there?

The remaining toxin mortgages that haven't been delt with.  some 76 billion dollars worth according to CNN, sorry no link.

The 1/3 of borrowers that are underwater.  Ya that is gonna drive up the housing market real quick...  also CNN

The all mighty deficit!  Look at it go up!

The underemployment problem where people have a job but not enough to pay for what they owe.

And the people who get taken off the Jobloss report because they no longer can receive unemployment benefits.

What did I leave out?

the_big_m_in_ok

#209
December 04, 2009, 11:01:51 AM
Quote from: PaulLowrance on December 04, 2009, 10:31:20 AM
The recent #'s don't lie.
Politicians can lie, so the numbers can lie.  "Appearances can be deceiving."  ;D   >:(   ::)
Quote
Just look out for Mother Earth though. She's pissed.  ;)
People made a problem or made a natural process worse, but you're right.  It's bad.

--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.
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