Economy of US

Boyish-Tigerlilly · Post by **Boyish-Tigerlilly** » 2004-10-19 05:52pm

I don't get it. I keep getting different information from different sources. I saw on C-span and CNN that htey said the economy is doing well and it's in a "bull market." Wtf? This seems the opposite from toher sources. What is the real deal?

Stormbringer · Post by **Stormbringer** » 2004-10-19 06:02pm

Boyish-Tigerlilly wrote:I don't get it. I keep getting different information from different sources. I saw on C-span and CNN that htey said the economy is doing well and it's in a "bull market." Wtf? This seems the opposite from toher sources. What is the real deal?

A lot of it depends on what the spin is you want. The US economy is growing, but people are losing jobs too. There are jobs, but they're hard to find. Companies are making profits, but they're less than usual and aren't getting passed on. The Stock market is doing well, but it's a roller coaster.

In short the US is doing okay, but not as well as we might. And there are things looming that don't bode well.

Einhander Sn0m4n · Post by **Einhander Sn0m4n** » 2004-10-19 06:08pm

The best thing for our economy would be for comanies to pass their profits onto the employee payrolls instead of selfishly and destrucively hoarding it for themselves!

Stormbringer · Post by **Stormbringer** » 2004-10-19 06:13pm

Einhander Sn0m4n wrote:The best thing for our economy would be for comanies to pass their profits onto the employee payrolls instead of selfishly and destrucively hoarding it for themselves!

Part of that's going to paying off shareholders and for a lot that's getting reinvested. Despite the knee jerk the profits aren't vanishing into the Evil Old Boys Fund.

TrailerParkJawa · Post by **TrailerParkJawa** » 2004-10-19 11:51pm

If you are employeed and you bought your house 4+ years ago you are probably doing very well. Anyone who bought a place in the last 4 years and also is looking for a job is in trouble. Of course some regions are better than others. SF Bay Area is not the place to be. The paper today said we added something like 300 jobs to the South Bay. Whoopie Doo.
Thats better than a loss, but you get the point.

Post by **Alyrium Denryle** » 2004-10-20 12:26am

Einhander Sn0m4n wrote:The best thing for our economy would be for comanies to pass their profits onto the employee payrolls instead of selfishly and destrucively hoarding it for themselves!

Even when they put it in a bank account and "horde" it, the money will then be lent to small business owners and people looking to buy a house/refinance an existing house, or buy a new car etc etc etc... It will alwo be invested by the bank, thus boosting the economy in a wonderful little circle of wealth creation.

Bob the Gunslinger · Post by **Bob the Gunslinger** » 2004-10-20 05:08pm

TrailerParkJawa wrote:If you are employeed and you bought your house 4+ years ago you are probably doing very well. Anyone who bought a place in the last 4 years and also is looking for a job is in trouble. Of course some regions are better than others. SF Bay Area is not the place to be. The paper today said we added something like 300 jobs to the South Bay. Whoopie Doo.
Thats better than a loss, but you get the point.

I bet 290 of them are at La Burritas, mopping up regurgitated pollo asada.

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