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Originally Posted by justindew
Again, perspective.
Look a at chart of the Dow for the last 5 years. Or the last 10. Or the last 15.
So, the fact that restaurant owners are struggling means the overall economy is bad? Interesting.
Also, we feed the world, in case you didn't know. When food prices go up worldwide, we win.
Interesting logic regarding the housing market. Since a small percentage of people who bought homes that they can't afford are having to become renters (which they should have been all along) instead of owners, the overall economy is bad?
Take an Econ 101 class.
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I'll take an econ class when you take your head out of your A##. Yes over a ten year period the dow has gone up genius. What does that have to do with the economy in 2008. You do know there have been periods over the last 10 yrs when it has gone down within that 10 yr period. The restaurant example was ONE thing. I can give you a ton more. All the retailers are reporting horrible results. CPI/PPI are coming in very high (Your beloved dow is down 190 points today based on disappointment from Home Depot and a hot PPI number...oil now past 129). Take a look at recession proof businesses like Las Vegas/Casinos...they are reporting the worst numbers in years. Their businesses are getting hammered because the economy is not in good shape.
We feed the world? LOL....nice try. Please explain to me how the cost of a weekly trip to the supermarket for the average family has gone up 60%. How is this good ? Here is an article form a month ago...when oil was 15 bucks a barrel cheeper/commodities were cheaper than today.....things have gotten much worse since
http://www.nypost.com/seven/04162008...ock_106752.htm
Do you think the current housing situation is good for the economy? Would love to hear that explanation Einstein. I suppose the whole CDO debacle was great for the big investment banks also?
Go back to making posts about horses you think who are a lock but really cant win.