Based on the fact that we owe so much money, yet we're still creating money out of thin air and expanding government programs like crazy. Will the economy ever get better?
If yes, when do you think it will happen?
If not, what should we all be doing to prepare for the worst?
just a little food for thought, discuss.
My guess is that it will not be a quick recovery.
Where will growth come from? The consumer is already loaded to the max with debt, his income is not rising, and he's possibly underwater on his house. Furthermore, for the first time in many years, it seems that folks are realizing that it might be a good idea to save a bit of their income rather than spending every penny they get.
...
if the trillion plus 'healthcare' and trillions and trillions 'cap and trade' bills pass, the economy will NEVER recover as businesses will be crippled, consumers will have less to spend, and more jobs will go overseas.
With people beginning to come to their senses, discovering the fact that these trillion-dollar programs are NOT coming from "the government", but from their own taxes, the real "stimulus" may well be a tax revolt. Taxpayers have become aware that their votes are being purchased with their own money. Obama is just the figurehead, the real culprits are in the House and Senate who are enriching ...
Quote:
Originally Posted by Lil4X
With people beginning to come to their senses, discovering the fact that these trillion-dollar programs are NOT coming from "the government", but from their own taxes, the real "stimulus" may well be a tax revolt. Taxpayers have become aware that their votes are being purchased with their own money. ...
Warren Buffet invested $34B yesterday into Burlington Northern Santa Fe. Actions speak louder than words, Warren Buffet is putting $ where his mouth is.
Buffett's Burlington Northern railway deal an 'all-in wager' on the U.S. economy
I happen to believe him because of his tract records, last time he bet big was investing into GS in the depth of financial crisis. GS responded by ...
Quote:
Originally Posted by TunedRX300
Warren Buffet invested $34B yesterday into Burlington Northern Santa Fe. Actions speak louder than words, Warren Buffet is putting $ where his mouth is.
Buffett's Burlington Northern railway deal an 'all-in wager' on the U.S. economy
I happen to believe him because of his tract ...
If this administration "succeeds", it can't recover. Every action and plan being put in place right now is almost purposely destructive to the success of America. Anyone with an ounce of economic smarts would never devise a set of policies we're now seeing.
Hopefully the 2010 elections will put an end to this insanity. I just hope it's not too late. Some things just can't be reversed.
buffet is getting rid of his inflating dollars and buying hard assets. If you check out what industries this railroad serves its raw materials transportation. Hard assets will mean a lot more in the future, not the currency. If our dollars were worth anything he'd hold onto them like he has before.
It must bug you to no end that Warren Buffet invested $5B in preferred stocks into Goldman Sachs at the depth of financial crisis, which is a strong validation of the premier investment bank in the middle of a financial collaqse.
BTW, he also invested into Wells Fargo, American Express, Soloman, all of them financial service firms and banks that based their entire business on the future of ...
Quote: Originally Posted by Big Mack You are trying to create a moving target. First, you said the US gallon was less, then you said it's negligible because it's only 20% more efficient when compared with gas, but it's a wash because it takes more energy to get diesel (which is not true). The 20% difference is significant when you consider the TDDI is NOT one of the old school polluter diesels. Red my original post more...
Quote: Originally Posted by Och Yes but you're also forgetting the fuel economy is determined differently in Europe than USA. I believe petrol powered Focus is rated at over 40mpg, so 50 mpg diesel is roughly 20% more efficient. Also there are a couple other things to keep in mind. Europe does not actually have strict diesel restrictions for passenger cars like most US states do, so most diesels in Europe are traditional, non clean,...
Quote: Originally Posted by Och 1) Carbon dioxide emissions are really a non issue. Diesel emissions contain far worse pollutants than CO2. Diesel emissions used to have carcinogens (cancer-causing substances), but that is now petty much a thing of the past with the new TDI, Bluetec, and Common-Rail diesels with the urea injection and latest diesel technology. Today's, diesels start, run, and pollute pretty much the same as gas engines...
people are waking up in europe that despite the EUs gigantic bureaucracy and loss of sovereignty it actually got worse. Not to mention the hordes of unelected officials passing new laws that the people have absolutely no say in them with no way to vote them out
Correct, however technical hurdles need to continue to be worked through before it can be marketed at competitive prices. Best scenario, cellulosic ethanol would become commercialized and contributing to the alternative fuels pool, supplying 30% (about 70 billion gallons per year) of the nation's gasoline by the year 2030.
Quote: Originally Posted by Big Mack We are trying to be leaders - something that we have always done, even to our own detriment. And if we truly want energy to be less expensive, it's time to look at nuclear power. The Frogs have been doing it for years, and they are much better for it. It's too bad our representatives are too swayed by oil money and environmentalists who refuse to be informed about anything other than their...
Quote: Originally Posted by 4TehNguyen you really think hes trying to help america, hes helping himself first, by getting away from the dollar. But he can spin it as helping America. He can invest however he wants, but hes not investing in the American dollar otherwise he wouldve bought US Treasuries or sat on the dollars. LOL, he invested railroad in USD, the preferred dividend he receives it is in USD, when he sells stocks, common or...
Quote: Originally Posted by Lil4X With people beginning to come to their senses, discovering the fact that these trillion-dollar programs are NOT coming from "the government", but from their own taxes, the real "stimulus" may well be a tax revolt. Taxpayers have become aware that their votes are being purchased with their own money. Obama is just the figurehead, the real culprits are in the House and Senate...
U.S. needs to reduce government spending and start to give incentives to bring back businesses and manufacturing from overseas. If they follow this simple formula, we won't recover overnight but it will be worth it in the long run. As for energy, I also strongly believe in use of Nuclear power plants. We should be tapping into our own oil reservers and stop our dependency on foreign oil.
With people beginning to come to their senses, discovering the fact that these trillion-dollar programs are NOT coming from "the government", but from their own taxes, the real "stimulus" may well be a tax revolt. Taxpayers have become aware that their votes are being purchased with their own money. Obama is just the figurehead, the real culprits are in the House and Senate who are enriching themselves at...
5000/1 ! A HUGE Loss for all. No one will ever recover... 5000/1 ! A HUGE Loss for all. No one will ever recover from that. Many who
have been averaging down and many that have bought and just held got
Royally screwed Big Time. We will Never Ever Recover any real money. Junk
Company who Just stole all the money
Good morning world ! "No I'm never ever ever ever... Good morning world ! "No I'm never ever ever ever ever ever gonna be the.... same..." Time of my life people, how will I ever recover? about 7 hours ago from TweetDeck
Will Google ever recover from its permanent BETA... Will Google ever recover from its permanent BETA Syndrome? Will Google release a Mac version of the Chrome? Can we live peacefully together?
10:38 AM September 10, 2008
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