Market crash: are we there yet ?

[Rickm505]

I can't believe it. Sailaway is using the word "recession' in this thread? Talk about flipping sides of an issue..... What happened to the 14000 DOW you told everyone we were going to get back in August? What happened to "no problem'? or " solid economy"??

Finally, the lightweights are catching up to whats happening in whats left of America's real economy.

Now that you understand the problem, Start a new thread on how to begin fixing things.

I suggest beginning with FREE TRADE and how right Pat Buchanan and Ross Perot were right 15 years ago.

Then move onto how to obtain accurate "politics free" information from government departments concerning our economy numbers. Minor things like inflation, real income growth, CPI, GDP and unemployment numbers.

If we had real numbers to begin with, no one would have let this travesty go on for so long.

[sailhog]

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[Valiente]

Originally Posted by retclt

If he were the CEO of a Corporation in China . . . . . . . . well . . . . . . . I wouldn't want to be him.

At least the Chinese know how to extract value from people.

[sailingdog]

So, Sailhog, do you think the Federal Reserve should put a hit out on Rick???

Originally Posted by sailhog

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[sailaway21]

I continue to view the fundamentals of the American economy as sound.

[sailhog]

Sailingdog,
I've instructed my wife to buy the index funds when Rick appears, and to sell when he disappears -- just trying to buy low and sell high...

[hellosailor]

The fundamentals of Communism were sound too. Or socialism, as with the creches in Israeli kibbutzes. However, states founded on those principles just never quite made it. There may be some inherent flaws in our own system that are, after 225 years, finally taking it down the tubes. (I'm not saying they are--another hundred years will tell.)

[Rickm505]

I took a long vacation (smile).

I've said it again and again. The DOW is not our real economy. What's new is that all of the pundants Sailaway and company have been quoting are now all saying there's a major slowdown in our economy. Amazingly all of them were 100% wrong last year. And while I'm just a working stiff, these people are supposed to be experts.

Our economy is sound??? A decent meal in Italy (Rome) was $200 in December and forget about Hotel rooms.

The Chinese refuse to float their currency and if we misbehave have a war chest of USD to use against us. Wages are down, unemployment and inflation are up which means even the BLS can't hide this stuff any longer. All of this makes it unlikely all those unsold homes will be sold or that people will buy lots of new cars any time soon either. The only significant retail store to show same store gains during Christmas was Walmart and all of that came from increased grocery sales.

Apparently this new global economy is not only hurting the USA, but is impacting just how much control the Federal Reserve Bank actually has these days.

This is an economy Sailaway says is sound???

I think I need some of that kool-aid he's drinking because I just don't see it.

[Tumblehome32]

The world's changing pretty quickly, moreso now than ever, and there are inevitable bumps and ripples along the way. 10 years from now most of us will be wealthier but the world's economy will look much different than it is today.

Just my $0.02.

[hellosailor]

Rick?
"The Chinese refuse to float their currency and if we misbehave have a war chest of USD to use against us."
Maybe you can explain that to me, because I've never understood the assumption behind that logic.
Let's suppose the Chinese have a million billion US dollars. OK. What's a dollar? Where can it be used? Aside from "auslanders" in China or the EU deciding to arbitrarily do things with Dollars, what can you really do with a dollar?
Well, it is a US Government scrip. All you really can do with it--legally--is demand the the US Government, or a US company or citizen, honor it. That's all, right? The only thing you can do with a dollar, under the US Code and other regulations, is use it as currency "good for all" whatever, here in the United States.
Which means that if the Chinese have a million billion of them, the only REAL thing they can do with them, is SPEND THEM HERE IN THE US.

Any other use, in any other place, is really incidental. Convenient maybe, but incidental. If the Chinese want to spend those bankrolled dollars--they've got to BUY SOMETHING FROM THE US in order to get those dollars "taken back" by the US.

International exchange rates? Dinner in Italy? That's all just currency speculation and gambling, isn't it?

So how is it a bad thing, that they have lots of dollars that no one can use except (ultimately) here? And shouldn't that ultimately make us "rich", since we have lots of stuff that someone will need to buy--or, lots of paper money that someone will have to throw away, unredeemed?

I just don't understand the assumptions of supposed Economists. If they really knew what they were doing, I can't believe The Economy would constantly be in such trouble. The basic premises are not always logical, much less proven valid.