full economic recovery!

[Didacus]

You sound like you've spent some time there?

I got myself banned from there a little while back... lol

Yes they are doom and gloom; and that is the FIRST indicatiion that something is fundamentally wrong with thier thinking. Anyone who brings a problem to you without suggesting some solution other than doom should be heavily scrutinized. This is usually a person who argues not for the good sense of the argument but for the sole purpose of convincing you of something (regardless of if that something is right or wrong).

I found that most of those imbeciles (oops did I say that?) are envrionmentalists of very doubtful intentions.

Nonetheless, they argue some points to which I cannot reply and thus I believe there is cause for concern (not panic, but concern).

For example; I am trying to clear my debts as much as possible. Wether or not the economy goes to the crapper, that's a good thing anyways - right? That's what I mean when it comes to 'concern'. Everyone should have a bit saved up (ideally) just in case hard times hit; as they very well might.

Edited January 10, 2006 by Didacus

[1337 k4th0l1x0r]

Clearing debts is always a good thing. If the economy hits bottom, it's not going to do it overnight and you're more likely to get smacked by the banks if you owe them a lot. It's like when you need a favor urgently, you go to those who owe you first.

Some of these guys are off their rocker and believe that the 'every man for himself' moment is fast approaching so debt doesn't matter. I'm sure there are some who have purchased all the land and equipment for their compounds and can pay for it for 5 years. Watch them get their land taken by the bank when they can't pay and the banks are all still around. It'll be real funny when the next week the economy crashes like they had been predicting.

[Didacus]

I know.

I read threads where these people have gotten into heated arguments with their families and sold off big tickets items and moved to near no-popultion environments out of fear. They are letting fear take them; sad really.

Anyhow, if we venture back to the topic at hand; I don't believe the economy will be as great as it seems in the coming years, and i would personally warn for caution in your short term and medium term investments, regardless of what the Dow Jones (who the hell is Jones anyways?) says.

back to you Bob...

[Didacus]

[url="http://today.reuters.com/news/newsarticle.aspx?type=businessNews&storyid=2006-01-20T214024Z_01_N19318707_RTRUKOC_0_US-MARKETS-STOCKS.xml&rpc=23"]http://today.reuters.com/news/newsarticle....OCKS.xml&rpc=23[/url]




[quote]U.S. stocks suffer biggest loss in nearly 3 years

By Jennifer Coogan

NEW YORK (Reuters) - U.S. stocks suffered their biggest loss in nearly three years on Friday, plummeting on disappointing earnings from blue chips Citigroup Inc. and General Electric Co. and a spike in oil caused by geopolitical tensions.

The Dow Jones industrial average and Standard & Poor's 500 stock index posted their biggest declines since March 24, 2003, soon after the war in Iraq began. The Dow erased its gains for 2006.

Citigroup and GE joined a growing list of companies, including chip maker Intel Corp. and Internet media firm Yahoo Inc., whose quarterly results have disappointed investors.

A surge in oil prices above $68 also battered stocks. Crude climbed on concern about potential supply disruptions stemming from Iran's nuclear plans, the targeting of oil companies by militants in Nigeria and Osama bin Laden's threat of attacks against the United States.

"The market's been watching the earnings reports very closely. We got off on the wrong foot with Citibank and GE," said Evan Olsen, head of equity trading at Stephens Inc. "You've also had oil lifting higher with bin Laden acting up and Iran acting strange which is concerning going into a weekend, so people are taking profits."

The Dow Jones industrial average was down 213.32 points, or 1.96 percent, at 10,667.39. The Standard & Poor's 500 Index was down 23.55 points, or 1.83 percent, at 1,261.49. The Nasdaq Composite Index was down 54.11 points, or 2.35 percent, at 2,247.70.

The major stock indexes suffered their first weekly loss of the new year. For the week, the Dow shed 2.7 percent, the S&P lost 2.0 percent and Nasdaq ended 3 percent lower.
[/quote]


Comments? I mean, comments other than "Didacus, carp and *slap to the head* you where right!".

The dow jones is crashing all the sudden, but I bet the biggest players got their fair share of profits before it did.

[Lounge Daddy]

[quote name='Didacus' date='Jan 23 2006, 07:35 AM'][url="http://today.reuters.com/news/newsarticle.aspx?type=businessNews&storyid=2006-01-20T214024Z_01_N19318707_RTRUKOC_0_US-MARKETS-STOCKS.xml&rpc=23"]http://today.reuters.com/news/newsarticle....OCKS.xml&rpc=23[/url]

Comments?  I mean, comments other than "Didacus, carp and *slap to the head* you where right!". 

The dow jones is crashing all the sudden, but I bet the biggest players got their fair share of profits before it did.
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[/quote]
of course - its the beginning of the new year and new is shaky so the market is shaky
we are entering an uneasy year, and the market will relect that

what gets me is that entering President Clintons 2nd term a huge fuss was made about the new Clinton term and the market breaking 10,000 ... WOW!
and it WAS a big deal and great news

so now a year into Bush's 2nd term - the market breaking 11,000 !!!
and during war, and after hurricanes that placed a city under water, and after high gas prices, etc
we still broke 11,000
and full employnment numbers on top of that!
our economy rocks
the US economy rocks that kasbah!
and it doesnt get nearly enough credit from a press that feads on negative drama to sell its papers

ill say it again...
our economy is off the hook!

[Didacus]

[quote name='Lounge Daddy' date='Jan 24 2006, 02:01 AM'][snip]

ill say it again...
our economy is off the hook! 
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[/quote]

Any plans for that national debt of yours? How much is it; a few trillion dollars now?

short term plans?
medium term?

And yes, I bet you'll probably get to long term as well.

[Lounge Daddy]

[quote name='Didacus' date='Jan 24 2006, 06:30 AM']Any plans for that national debt of yours?  How much is it; a few trillion dollars now?

short term plans?
medium term?

And yes, I bet you'll probably get to long term as well.
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[/quote]
Actually, the deficit is shrinking due to the great economy … tax roles have gone up, the deficit shrinks.


[url="http://www.heritage.org/Research/Taxes/wm182.cfm"]Amazing[/url] how lowering taxes so that people have more money to spend – so more businesses make more money – so more business need to hire more people - so that more people have more money to spend – so the economy expands – so the government ends up [url="http://www.nytimes.com/2005/07/13/business/13deficit.html?ex=1278907200&en=a410f8c74d4700a5&ei=5090"]gaining more tax revenue[/url]
WOW!

Now… if only the politicians – Republican and Democrat both – would stop spending money on bridges to nowhere and other such idiotic nonsense; the deficit would shrink up even more.

[Didacus]

hmmm

but isn't the deficit the amount of money being borrowed to get through the year. If the deficit is not zero, that means your debt is still increasing - yes?

So what you're telling me here is that 'Its ok, we aren't borrowing as much as we have in the past. We haven't started paying back our debt though but any time now."

Hmmm... seems you're playing with fire.




And could you talk to your buddies out there about freeing up that softwood lumber tax that was unfair to us and closed down dozens of mills in the northern part of Canada? I'd personally appreciate it.