Greatest Economy in USA History thanks to President Bush
Harry Dope
Nospam
> Never been better folks................
The same they been said in 1928 too.
-------------------
Video61 just posted today a link:
http://www.startribune.com/562/story/1124682.html
From where
"""
Over at Wal-Mart, the employer that increasingly sets the labor
standards for millions of our compatriots, wage caps have been set for
certain jobs, and many longtime employees are now required to work
weekends and nights in the hope that they'll quit. A memo prepared by
a Wal-Mart executive in 2005 for the company's board noted that "the
cost of an associate with 7 years of tenure is almost 55 percent more
than the cost of an associate with 1 year of tenure, yet there is no
difference in his or her productivity." (That, of course, is because
Wal-Mart does nothing to raise its employees' skills lest it have to
raise their wages.)
Coincidentally, in the same week that Circuit City axed its clerks, an
analysis of Internal Revenue Service data from 2005 that became
available showed that the bottom 90 percent of Americans made less
money that year than they had in 2004. According to a study by
economists Emmanuel Saez of the University of California at Berkeley
and Thomas Piketty of the Paris School of Economics, total reported
income in the United States increased by 9 percent in 2005 over 2004.
All of that increase, however, went to the wealthiest 10 percent of
Americans, and the wealthiest 1 percent experienced an increase of 14
percent. Among the remaining 90 percent, income actually decreased by
0.6 percent.
"""
What does it mean all this? From the economic output a larger share went to
rich capital owners and a smaller share to labor.
The rich guys already are able to afford to consume whatever they need so
the increase into thir share is unlikely to substantially increase the
demand for goods but they got more money to bet on stock market. An
increase of demand onto the stock market drive prices up.
In the same time, the poor spend most of their income on goods get a smaller
share. For now, the poor kept using home equity and card debt to compensate
for smaller income but this is not going to last forever, if you take from
a bag more than you put in, it will eventually become empty.
However, the investors that put money into the stock eventually will expect
a return of investment. However, once the credit bag reach the bottom, the
demand for the goods will drop. As of that moment the investors will be
disappointed and the market is going to crash.
Bottom line: The growth we see right now it is just a new stock bubble in
the making. A bubble that will pop due to a lack of consumer disposable
income, may trigger a depression not only a recession.
Brace up for the unavoidable disaster generated as result of the idiotical
"supply side" aka "RIP & RUN" economics.
Mani Deli
>Harry Dope wrote:
>
>> Never been better folks................
>
>The same they been said in 1928 too.
>
It was better in 1928.
Stanley F. Nelson
on *debt* by individuals, families, towns and cities, states, and most of
all our Federal government, which weakens and diminishes the value of our
currency with every passing day. Republican control of Congress and Bush in
the White House gave us the most enormous Federal budgets in our history,
with our biggest national debts, worst balance-of-payment deficits, and a
weaker and weaker dollar in international trade.
These conditions cannot continue very much longer, or we will no longer own
our country. It will have been given away by Bush and his other
internationalist cohorts.
Stanley F. Nelson
Dallas.
ccr
"Harry Dope" <ILuvC...@aol.com> wrote in message
news:4626a627$0$9937$4c36...@roadrunner.com...
> Never been better folks................
Never been bigger, or more dangerous.
--
"If Tyranny and Oppression come to this land, it will be in the guise of
fighting a foreign enemy." James Madison
h...@nospam.com
wrote:
> Never been better folks................
>
what? Are you on drugs?
Chas.Chan
"Nospam" <nos...@example.com> wrote in message
news:9344803.o...@example.com...
> Harry Dope wrote:
>
> > Never been better folks................
>
> The same they been said in 1928 too.
>
This isn't 1928.
cla...@comcast.net
> Harry Dope wrote:
> > Never been better folks................
>
> The same they been said in 1928 too.
>
> -------------------
> What does it mean all this? From the economic output a larger share went to
> rich capital owners and a smaller share to labor.
>
> The rich guys already are able to afford to consume whatever they need so
> the increase into their share is unlikely to substantially increase the
> demand for goods but they got more money to bet on stock market. An
> increase of demand onto the stock market drive prices up.
>
> In the same time, the poor spend most of their income on goods get a smaller
> share. For now, the poor kept using home equity and card debt to compensate
> for smaller income but this is not going to last forever, if you take from
> a bag more than you put in, it will eventually become empty.
>
> However, the investors that put money into the stock eventually will expect
> a return of investment. However, once the credit bag reach the bottom, the
> demand for the goods will drop. As of that moment the investors will be
> disappointed and the market is going to crash.
>
> Bottom line: The growth we see right now it is just a new stock bubble in
> the making. A bubble that will pop due to a lack of consumer disposable
> income, may trigger a depression not only a recession.
>
> Brace up for the unavoidable disaster generated as result of the idiotic
> "supply side" aka "RIP & RUN" economics.
Not necessarily. If people sell bonds and use the proceeds to buy
stocks the stock markets may rise substantially. On the other hand if
the federal government, bankers, and their tools panic the public,
there may be a repeat of the 2000 crashes. Put it all together using
links below.
http://en.wikipedia.org/wiki/Stock_market_index
http://en.wikipedia.org/wiki/Dow_Jones_Industrial_Average
Budget of the United States Government, FY 2008
http://www.whitehouse.gov/omb/budget/fy2008/
http://www.federalreserve.gov/releases/h15/data/Monthly/H15_FF_O.txt
TYX Stock Quote - CBOE 30-Year Treasury Yield Index Stock Quote - TYX
Quote - TYX Stock Price
http://www.marketwatch.com/quotes/?sid=11421
Prime Rate - Rate, Definition & Historical Graph
http://www.moneycafe.com/library/prime.htm
http://www.brillig.com/debt_clock/
WorldNetDaily: True deficit: $3.5 <i>trillion</i>
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53366
On Oct 28 1997 I was upset by the stock market DJIA crash of 1997
http://members.aol.com/Mallard/crashes.html
that I posted a protesting note on the internet giving what I
suspected was the cause :
http://groups.google.com/group/misc.invest.marketplace/browse_thread/thread/50077ec9c833dd60/e8c4f625d1a41052?lnk=st&q=tc5526%40aol.com&rnum=11&hl=en#e8c4f625d1a41052
Oct 31 I followed up with suggestions for a solution :
http://groups.google.com/group/misc.invest.marketplace/browse_thread/thread/e557bb977e028a7d/e037243d0460eb76?lnk=st&q=tc5526%40aol.com&rnum=10&hl=en#e037243d0460eb76
Nov 1 Followed up on that with a discussion of the global financial
market crises and bankers :
http://groups.google.com/group/misc.invest.marketplace/browse_thread/thread/a8cc2b919a44d563/9c148f262bb8ac3c?lnk=st&q=tc5526%40aol.com&rnum=9&hl=en#9c148f262bb8ac3c
About this time I started suffering from sleep deprivation psychosis
and later trollish posts can be found by doing a search in
misc.invest.marketplace on tc5...@aol.com
I already posted some comments regarding the situation on another
newsgroup :
http://groups.google.com/group/rec.arts.sf.written/browse_thread/thread/9267baa484bf72e7/a29c56bc0f85a218?hl=en#a29c56bc0f85a218
>From rec.arts.sf.written I repost it here, having already struck a
match, I maybe light a fire!
On Apr 19, 3:19 am, Sound of Trumpet <sound_of_trum...@warpmail.net>
wrote:
> It hasn't turned out that way, of course. First, the modern obsession
> with conquering human suffering has made Western man pathologically
> soft and sensitive, discombobulated by daily irritants our
> grandfathers would have simply ignored. Second -- confirming the
> Christian hypothesis of original sin -- the expansion of man's power
> over nature has meant (as others observed) the expansion of some men's
> power over other men. Given today's malignant public administration,
> economic interdependency and mass media, almost no one now pretends to
> be the master of his own house.
master of his own house. ? see
http://www.lneilsmith.org/
http://www.mazepath.com/uncleal/
Genius is not knowing everything. Genius is knowing where to find it.
- Uncle Al.
At this point in time and to the extent that my income is limited to a
VA disability pension, I am master of this computer keyboard and a
bedroom in my brother's house. Is that good enough ?
On the other hand you have a point, baby boomers are less masters of
our own houses than our parents, and trends suggest that generations
after ours may be even less masters under the burden of oppressive
government. See
http://en.wikipedia.org/wiki/G.I._Generation
http://en.wikipedia.org/wiki/Generation_Jones
The population of older people will steadily increase as a percentage
of the total (barring catastrophe).
http://www.un.org/esa/socdev/ageing/agewpop1.htm
> the expansion of man's power
> over nature has meant (as others observed) the expansion of some men's
> power over other men.
The rich are getting richer, the poor are increasing as a percentage
of population, and big government has grown huge see :
http://www.whitehouse.gov/omb/budget/fy2008/
http://en.wikipedia.org/wiki/Distribution_of_wealth
http://www.lcurve.org/
http://www.cooperativeindividualism.org/wealth_distribution1999.html
http://www.urban.org/economy/income.cfm
http://sociology.ucsc.edu/whorulesamerica/power/wealth.html
My thoughts in 1997 on what to do about it, see
http://groups.google.com/group/misc.invest.marketplace/browse_thread/...
That is playing with fire!
Lonnie Courtney Clay
P.S.
I just got up from 12 hours sleep, so I do not have the excuse of SDP
for my conspiracy theory. I think it is economics in action, a symptom
of the insatiable appetite of the US federal government for money. As
I said in 1997, the federal government faces bankruptcy and will have
no choice but to monetize or repudiate the federal debt once people
realize that bonds are not a good investment.
Lonnie Courtney Clay
Chas.Chan
"ccr" <c...@nowhere.net> wrote in message
news:5EQVh.11880$Kd3....@newssvr27.news.prodigy.net...
>
> "Chas.Chan" <e...@charlies.com> wrote in message
> news:132f90a...@corp.supernews.com...
>
Eat me! Dick head.
ccr
And this isn't the "greatest economy" either, jackass.