US economic growth up on spending

Discussion in 'The Dungeon' started by H8R, Oct 27, 2011.

  1. H8R

    H8R Bansgivings in process

    Well this can't be all bad news. I'm sure you guys will fined a way to say it's BS and actually bad for the US, and Obama's fault.

    Couple this with the recent Greece deal and it could mean things are getting better.

    Ahhhh who am I kidding. You guys only like bad news. :D

    http://www.bbc.co.uk/news/business-15480471
     
  2. In Your Corner

    In Your Corner Dungeonesque Crab

    Pardon me, where was the good news?

    New job loss four times the number of new jobs?
    And that doesn't factor in the number of workers trying to enter the job market, which exceeds the number of new jobs.
    A pitiful increase in spending?

    That's like saying things are looking up because I found a quarter on the sidewalk as I left the grocery store where I just spent $350.
     
  3. H8R

    H8R Bansgivings in process

    We have a winner!
     
  4. sheepofblue

    sheepofblue Banned

    It's great news if not adjusted down later. The government has been cooking the books hard for the last year or so in an attempt to keep consumer confidence higher IMO.
     
  5. Clay

    Clay Well-Known Member

    I'm not trying to be pessimistic on purpose H8R... but how is the Greece deal good for anyone or anything beyond the short term? Do you think Greece is going to pay back its debts? What about Spain, Italy? Personally, I prefer to look at the bigger picture, and the longer outlook. It's not that great. I don't like bad news, personally, I'm pretty scared about the future for myself, but especially my kids. It's not that it's gloomy, but just that it's so unbelievably uncertain. For someone that aligns himself with the left, I can't believe you're so happy about the millionaires getting richer and the little man getting poorer.
     
  6. DesmoStretta

    DesmoStretta Well-Known Member

    They are not millionaires, they are called "Job Creators." Get yo facts straight son
     
  7. H8R

    H8R Bansgivings in process

    I would find that believable.


    Of course I'm not happy. I saw Shell and Exxon's profits which were driven by higher prices. That sure doesn't seem helpful to the economy or to the people of this great nation. Yes the oil companies have huge downsides, and they risk a lot. No doubt supply and demand is working for them. But I stop coming in here because it's so damn depressing ...unless of course Darren is getting pummeled by his baby factory. :D
     
  8. Clay

    Clay Well-Known Member

    I read everything these days with a grain of salt. I'm not living my life paranoid, but I'm also keeping my ear to the ground. I'm neither optimistic nor pessimistic. What happens will happen. I'm trying to be prepared with a basic plan should all hell break loose and I do believe, at some point, it will. History tells us this. Will it be in our life time? Heck if I know. I hope things will change, but I honestly believe this country is beyond saving. That's not going to change the way I live though. I'm enjoying what I have while I have it, with one eye still on the future. I tell my wife all the time that I'm a realist. Bad crap will happen, there's no avoiding it. Good stuff will also happen, enjoy it while you have it. So, while some good is happening, a lot of bad is also happening. It doesn't take much to see the writing on the wall. Europe is in big trouble and so are we. It could be helped, but in the end greed caused it on the part of everyone and greed will continue to run the world whether by politician, banker, or the lowly garbage man. The reaper will come calling one day. ;)
     
  9. Orvis

    Orvis Well-Known Member


    Hell no. I love it. My super duper portfolio will jump a bit from this. ♪♫Happy days are here again♪♫

    :)
     
  10. Orvis

    Orvis Well-Known Member

    Well, just damn! I guess my earlier exuberance was wasted. Now I'm depressed. Screw all of ya. I'm gonna have another 8 or 9 beers. :(
     
  11. jrsamples

    jrsamples Banned

    I tend to have a pessimistic outlook when I consider the shape of the electorate (and the cheaters too).

    I'm not sure what you mean by the greed thing. If you mean the desire for the individual to do better than their father and to give their children a chance at a better life, then I'm for greed. Capitalism works and capitalism works for charity too. I don't think greed caused the Greece problem. I think the problems they have are the same ones that we have---governments trying to be everything for everybody.

    H8R brings up a good point, though. Economic trends tend to go in cycles and I am wondering if this is a hint of better days to come. One thing that is for sure is that Obama just needs a little nudge. Maybe a 1% decrease in the massaged unemployment numbers and the nut swingers will reelect him by a landslide. Save your worry until then.
     
  12. R Acree

    R Acree Banned

    I am personally spending more. Mostly on gas, but it is more.
     
  13. In Your Corner

    In Your Corner Dungeonesque Crab

    I'm investing solely in hookers and blow.
    People always have money for life's essentials.
     
  14. sheepofblue

    sheepofblue Banned

    :crackup: the answer is simple quit, waiting for the government to cure things (they won't). Times are hard for some hard working people also but do you notice the people out of work have things in common? They were overpaid before maybe? They are unwilling to change fields? They will not take some jobs? They are unwilling to relocate? Just a thought.

    The people willing to adapt seem to be keeping above water.
     
  15. panthercity

    panthercity Thread Killa

    Tough to relocate when you are underwater on your home, they've repossessed your Escalade with the 22s while your metalflake bass boat was still hitched to it and they payday loan place won't even let you in the door...
     

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