During the past several months, business scribes and broadcasters have largely pretended that all is well, constructing and maintaining a Potemkin-like facade of a prosperous economy, even as the vast majority of hard-number economic indicators turned in performances ranging from middling to awful. To prop up their false image, they concentrated most of the commerce-related news they delivered to low-information voters and low-awareness news consumers on the job market, the economy’s one supposedly strong area, and positive consumer and corporate sentiment surveys.
Yes folks, what O-dumber can’t do.
The deal with Iran should be great…
OMG. I so need a strong drink. )-:
It’s certainly not rocket science. When interest rates are close to zero and the economy remains stalled, even the sunshine being pumped up the consumers ass does not compensate for the lack of money in the consumers bank account. Costs continue to rise along with part time employment. Job security is a thing of the past. Credit card debt is at a all time high. Utility costs continue to escalate in the name of going green to solve a non existing problem, with guarantees of higher cost in the future. Even the best leader in Canada (Harper) can not compensate for the incompetence of the worst leader in USA history when environmentalists dictate the direction of economic policies as with Keystone and and the mind numbing,job destroying policies of the EPA.
http://www.usdebtclock.org/index.html
Even math challenged citizens should be able to understand that the numbers can not be sustained and that these can be considered the last of the good years. The SS economic Titanic is sinking and there will not be enough life rafts to go around. There is no if. It’s just a matter of when. I’m pretty sure I’m preaching to the choir here, on this site, but I’m always amazed at how many people believe in hope coming out of socialist policies that have failed throughout history, or green initiatives that only see 50 years into the future while the very foundation they stand on is being destroyed by their flawed thinking. Enjoy it while it’s still here . We didn’t really lose it. We threw it away. Obama because he was black. Hillary because she’s a woman. What else could possibly go wrong ?
I have been doing a lot of day trading for 6 years and have been watching many dozens of different stocks, and I watch new ones regularly.
Most and – I mean MOST – stocks have been going down in value for years while the popular indexes such as the Dow Jones or S&P500 have been going up to record highs every few months.
Also when there is bad news the popular indexes often go up anyway as if everything was fine.
Ain’t that strange?………………..
“What else could possibly go wrong ?”
WWIII will be nuclear.
And back home in Alberta, the PC government is following the winning strategy of higher spending and more debt. It’s working in the US and Ontario, why not in Alberta? After all, our children will be in a much better position to pay the debt than we are.
a) regulations preventing the start of new businesses have not changed
b) taxes hobbling investment and the start-up of new businesses have not improved
c) lending practices which give mortgages to sub-prime borrowers have not changed
d) illegals flooding the country and taking taxpayer citizen jobs has not abated
e) international investment confidence in the U.S. has not increased
f) consumer confidence in the economy and purchase of durable goods has stagnated or declined
g) war and instability in Asia and the Middle East is ongoing
None of the indicators/causes of the recession have been properly identified and remedied.
There never was any recovery.
The thing that made people have hope that the economy was recovering was just the Obama administration fiddling employment numbers all along and they couldn’t have gotten away with it if the Legacy Media had been doing it’s job instead of carrying Progressive water and embargoing the truth.
Tax and spend has to end.
Cut government, cut government agencies and their regulations, cut taxes, end Public Sector Unions and the contracts that resulted from their collective bargaining.
Enact a moratorium on immigration and uphold laws on illegal immigration.
Fight wars to win and end them in victory.
The USD has been losing an average of 9% of its value annually since 1971. Since then the S&P 500 has been gaining 7% annually. Investors have lost 2% a year, before taxes are factored in!
But this was accomplished by pumping equity markets with decreasing interest rates and then QE up the ying yang. When stocks finally deflate, investors will be left holding assets worth next to nothing in purchasing power.
And that’s the magic of Keynesian economics.
Debt in Canada and globally is at all time highs. Central banks around the world are creating more money in a desperate attempt to devalue their currency against the USA$. Governments have/are losing the ability to control the situation. Once confidence is lost it will take decades to rebuild a system which depends on trust and the ability to pay.
Economic news and forecast should always be considered with respect to the perspective of those providing the info. There are many businesses that have no option but to go along with fading hopes that growth can be reactivated. News of share buy backs is treated as a positive but many view it as a financial twist to boost EPS numbers.
and now we have the liberals making a deal with quebec to bankrupt both provinces with the moronic cap and trade, screw the people out of more money, before they tar and feather us or before the really smart people catch on. right, like there are any really smart people left.
And now just announced that China’s export sales shrank 15 per cent in March which means the U.S. economy is not doing well.