U.S. to crash?

[Glen48]

There is a couple of bucks due in the student loans disaster were money was thrown at school's etc to educate any one who could walk into class and teach them how to hold down a job that didn't exist unless they went over seas to work for some USA firm.

 

[Eager]

Unemployment in the US has fallen to 8.3%, the lowest in 3 years, and Wall St is off to its best start in 15 years:

http://www.news.com.au/breaking-new...-dont-muck-it-up/story-e6frfku0-1226262510683

 

[Glen48]

hhttp://www.realecontv.com/page/9233.html
Dr Doom has a different idea.

 

[Eager]

Dr Doom has a different idea.

Well of course he has - that's his business!

 

[Bill M]

www.realecontv.com/page/9233.html
Dr Doom has a different idea.

Did you actually listen to that interview? He says something like, the best thing anyone can do is diversify and that buying a house in the country and some gold might be a good idea. But he also warns that the government might take away your gold sometime in the future. He said he would avoid government bonds and that holding cash was only useful for brief periods of time.

 

[young-gun]

Unemployment in the US has fallen to 8.3%, the lowest in 3 years, and Wall St is off to its best start in 15 years:

http://www.news.com.au/breaking-new...-dont-muck-it-up/story-e6frfku0-1226262510683

yep, the stimulus is working nicely, and is just about to peak. im curious as to whether unemployment actually fell, or the US simply changed the way the calculate employment to lower the figure...

 

[explod]

yep, the stimulus is working nicely, and is just about to peak. im curious as to whether unemployment actually fell, or the US simply changed the way the calculate employment to lower the figure...

One of the tricks is re massaging the previous figures down.

And dontcha just love the common term now of "...better than expected".

Anyway, will be good for some of the stocks I am in this week.

 

[Garpal Gumnut]

The US is a free country with a good work ethic, low wages and a population not weighed down by too much lefty claptrap.

Even Obama couldn't change the DNA of the greatest democracy on earth.

There is little chance of the US crashing, it's on the way back.

gg

 

[explod]

The US is a free country with a good work ethic, low wages and a population not weighed down by too much lefty claptrap.

Even Obama couldn't change the DNA of the greatest democracy on earth.

There is little chance of the US crashing, it's on the way back.

gg

The totalitarian right wing will ensure that. And the 90% left(ies) out can just fight over the food stamps.

One in four children in the US rely on food stamps already. Great place.

 

[Garpal Gumnut]

The totalitarian right wing will ensure that. And the 90% left(ies) out can just fight over the food stamps.

One in four children in the US rely on food stamps already. Great place.

Fertile single mothers, absent fathers and children who only have half brothers and sisters is a situation that always always leads to poverty.

At least they have food stamps.

It doesn't happen in the developing world.

gg

 

[explod]

Fertile single mothers, absent fathers and children who only have half brothers and sisters is a situation that always always leads to poverty.

At least they have food stamps.

It doesn't happen in the developing world.

gg

He he, but the're the commo's

 

[IFocus]

Until the US clears some of its debt which in itself brings major problems its not going any where far.

Along with the current political dead lock and partisan self interested blocks it starting to look like the US will wait for the bond market to force the issue.

Then it gets really ugly.

At best I see a roller coaster ride for some time.................hope I am wrong

 

[wayneL]

The totalitarian right wing will ensure that. And the 90% left(ies) out can just fight over the food stamps.

One in four children in the US rely on food stamps already. Great place.

Welfare - food stamps... same thing.

How many in Oz rely on welfare, my ideologically un-objective friend?

 

[Glen48]

Read some where a few million un-employed dropped off the list because they couldn't be bothered registering.
So the figures went down.

 

[explod]

Read some where a few million un-employed dropped off the list because they couldn't be bothered registering.
So the figures went down.

And after 12 months they are dropped off the list anyway. Estimates of real unemployment are suggested to be about 23%

 

[Smurf1976]

Estimates of real unemployment are suggested to be about 23%

30 or 40 years ago I think government stats were generally pretty accurate but these days I don't trust any of them.

Here in Australia I am constantly hearing about job losses and yet unemployment supposedly remains roughly unchanged. I have trouble believing that...

 

[prawn_86]

30 or 40 years ago I think government stats were generally pretty accurate but these days I don't trust any of them.

Here in Australia I am constantly hearing about job losses and yet unemployment supposedly remains roughly unchanged. I have trouble believing that...

An hour (or maybe 2) of paid work a week and you are considered as employed for the official statistics...

There is a better stat, i think it is 'real hours worked' or somehting like that. The underemployemnt figures are also a better representation

 

[Eager]

It seems that the falling unemployment in the US that I mentioned has been met with nothing but cynicism from most of you lot.

I wonder if your attitudes would be the same if the Republicans were in over there?

 

[prawn_86]

I wonder if your attitudes would be the same if the Republicans were in over there?

I actually don't know what party is what. If you asked me before this post i wouldn't have been able to tell you if Obama was Republican or Democrat, and i still dont know who is left or right.

All major political parties are virtually the same, and all hamstrung by the convoluted political process. That is why nothing gets done either way

 

[Glen48]

Un-employment in the 30's depression got to 25% in some states, it is there now in some and the thing is still getting under way.