Ouch
The NASDAQ or S&P 500 doesn’t look any better – trust me. Manufacturing has slowed, as well as home sales. We’re out here on a ledge while Greenspan tells us this is normal and tries to talk us in.
A year and a half into this administration and they’re telling us that they need more government spending to fix it. More taxes for all working Americans and more debt. More regulation. More uncertainty.
Me? I’m still plowing my money into stocks – I’m buying cheap shares and it has has to recover sometime in the next 10 years. I hope.
Category: Barack Obama/Joe Biden, Economy
Yeah, I think that ten years is a little on the short side unless the electorate throws out everyone in the Democrat Party. I do not see that happening though.
If I had to buy what would you recommend? Stupid not to, right?
For all its current US Gubbment-caused troubles, BP might be good to look at. It’s still a solid company, good rep, good product. Anything I might be missing?
Two song titles immediately come to mind:
The Carpenters “We’ve only just begun”
Bachman Turner Overdrive “You ain’t seen nothing, yet”
I know; I’m old.
Since we saw the banner earlier: How’s that war economy treating you?
Stock Tip of the day:
Put your money in KERR and MASON, jars, n bury it in the woods.
Buy gold, it’s going to continue to go up.
I’ve invested in USAA PRECIOUS METALS & (USAGX) and it hasn’t disappointed me yet.
I can see a lot of baby boomers cashing in on their retirements though… so I’m not sure if the market will ever recover and be like it was. Go for dividends.
hahaha..Southern Class…Yeah, I got mason jars. And have food for six for 6 mos. So far.
“…Greenspan tells us this is normal and tries to talk us in.”
This made me wonder what would happen if our economy was an airplane coming in for a landing and the libs were the guy guiding it in. How close to the carrier would it get before it went in the ocean?
Well, for all you armchair economists who post on this site, REAL economists agree we need more gov’t spending or we’re in for an even bigger recession.
Here’s what one real economist says:
“Conventional wisdom (cutting gov’t spending)isn’t based on either evidence or careful analysis. Instead, it rests on what we might charitably call sheer speculation, and less charitably call figments of the policy elite’s imagination”
Yeah, because all that spending (I mean, union kickbacks) have worked SO well so far…
Economists are people who if you ask one question of three different economists, you get ten different answers.
JOE:
Your Kool-ade is rancid. You cannot spend yourself out of debt, I don’t care what the so-called economists, real or otherwise, declare.
Joe,
Real economists? They agree? I see you didn’t mention WHO… Actually, most economists think government spending is prolonging this recession…