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Good gravy, that was long. Have to read it later.
It's neither. The economy was just worse off than most in the investing sector realized.
Good gravy, that was long. Have to read it later.
http://public.wsu.edu/~brians/errors/who's.html
WHO’S/WHOSE
This is one of those cases where it is important to remember that possessive pronouns never take apostrophes, even though possessive nouns do (see it’s/its). “Who’s” always and forever means only “who is,” as in “Who’s that guy with the droopy mustache?” or “who has,” as in “Who’s been eating my porridge?” “Whose” is the possessive form of “who” and is used as follows: “Whose dirty socks are these on the breakfast table?”
Your welcome.
Yeah, I did that on purpose.
well at least the jobs numbers helped a bit
When gold finally takes an equally huge dump, I will be laughing long and hard.
Meh. Depends on your situation. Rookie investors with long time horizons who will be investing in monthly incriments don't really need to worry about trying to time the market here. If you're a trader, yeah, might want to stay on the sidelines for a little while longer.
Well, for about half an hour..............
job numbers aren't even enough to keep up with population growth, which requires about 150K new jobs/month just to break even. The job numbers, for Human-Americans, suck.
and 3/4 of those new jobs are $15/hour or less, aka, the working poor that you right-wingers want to force to pay income taxes so they have some skin in the UCA game.
Last edited by boutons_deux; 08-05-2011 at 09:31 AM.
Jobs need to be 200,000 and even more from what I've heard and it will still take years to recover.
I'm interested in the quality of these "jobs". Are they jobs like from McDonald's hiring binge or are they salaried wage jobs with benefits?
75% of the 1.8 M jobs added after 8M jobs were lost in the Banksters' Pearl Harbor
Attack were $15/hour or less. iow, no benefits, no sick days, the working poor. Let's tax the out of the lazy, cheating bas s
We simply will have no foreseeable job recovery until something is done to help bring exported jobs back to our shores. Higher taxes will just export even more jobs.
Now the stock market is a different thing. It can survive and grow, but few people directly have market holdings outside of retirement accounts.
http://public.wsu.edu/~brians/errors/who's.html
WHO’S/WHOSE
This is one of those cases where it is important to remember that possessive pronouns never take apostrophes, even though possessive nouns do (see it’s/its). “Who’s” always and forever means only “who is,” as in “Who’s that guy with the droopy mustache?” or “who has,” as in “Who’s been eating my porridge?” “Whose” is the possessive form of “who” and is used as follows: “Whose dirty socks are these on the breakfast table?”
Your welcome.
Yeah, I did that on purpose.
Decoded message from RG: "Yeah, I did that on purpose."
You might as well have included instructions on your/you're while you were at it.
Given the general fear in the market right now and the excess liquidity, when do you think that will be? Or do those factors matter at all?
A job is a job. Salaried people are no better.
Manufacturing job in the USA I fear are gone for good. Companies simply cannot compete with the cheaper labor costs overseas. Some have tried but with higher wages, benefits, etc., it makes it almost impossible.
It turned pretty much when I posted that.
Not all jobs are equal........are they?
I'm thinking DMX7 was talking about something above minimum wage. Micky D's jobs generally don't qualify unless you're in management.
When I think of a salaried position, I think of a job around 26k+ with benefits.
You jinxed it!It turned pretty much when I posted that.
[QUOTE=Agloco;5368167
Given the general fear in the market right now and the excess liquidity, when do you think that will be? Or do those factors matter at all?[/QUOTE]
Much of gold's run up has come from the entry of a lot of new artificial demand (read: speculative, not from say, industry or the like) from new ETFs and other derivatives. Commodities that have seen this kind of new money are generally considered to have vastly increased volatility as a result.
Gold, as a hedge against inflation, is generally seen as a safe haven asset that retains value.
A government credit downgrade will force interest rates up, and may cause some inflation even without economic growth. We may very well see this, and it will support gold prices in the short term.
What will really slam gold is an actual slowdown in the Chinese/Indian economies, or a significant recession in the US or Europe.
Given the fiscal crisis has forced austerity measures on EU/US governments, there is a very good possibility of a recession in one, if not both. Remember that the way GDP is measured includes all government spending. Cut that significantly, and unless private industry immediately takes up the slack, and you WILL have an economic slowdown.
Once demand in China's main export markets levels off or even drops, that will raise DE-flationary pressures, as Chinese inflation has been driving inflation in the rest of the world as well. (read up on commodities)
The problem with the current crisis in Europe is that the en ies that have been backing up private financial ins utions, i.e. governments, are themselves starting to come under pressure.
I think it will come to a head within a couple of years. Given the nature of the run-up in gold prices, the decline will be breathtakingly fast when it does happen. I think China is in for a shock at about the same time period.
Caveat:
My opinion. These are large changes, and although I am fairly confident in them, I would say they are in no way 100% certain.
scott, our resident PhD in economics may have some additional perspective.
A job is a job, when you are putting food on the table. I don't think he meant that one person is better/worse because of their job than anyone else.
When you are measuring the economy though, there is a difference between getting 200,000 people into a $9/hr job, and getting 200,000 into a $19/hr job.
Obviously, we all benefit more from the second than the first.
Stop blaming Barack Obama, or John Boehner! The state of the US economy is my fault!You jinxed it!
Well gold is already displaying some strange behavior.
http://finance.yahoo.com/blogs/break...&asset=&ccode=
http://public.wsu.edu/~brians/errors/who's.html
WHO’S/WHOSE
This is one of those cases where it is important to remember that possessive pronouns never take apostrophes, even though possessive nouns do (see it’s/its). “Who’s” always and forever means only “who is,” as in “Who’s that guy with the droopy mustache?” or “who has,” as in “Who’s been eating my porridge?” “Whose” is the possessive form of “who” and is used as follows: “Whose dirty socks are these on the breakfast table?”
Your welcome.
Damn iPhone autocorrect
Yeah, I did that on purpose.[/QUOTE]
your boss gave you permission to get an iphone?
Yes, my wife said it was ok.
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