Quote:
Originally Posted by stonegossard
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.
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So, in your world, the economy being worse than it was last year or even 5 years ago equals a bad economy?
NO PERSPECTIVE.