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This doesn't really surprise me. - Double Dipper
[ In Reply To ..]My husband and I have talked about how we thought we weren't out of the woods yet. I'm also afraid that if these gas prices continue to go up and stay up...we could be looking at more than just a double dip recession.
the housing market says a lot too.... also, where I live - they are laying off more police..again.nm
[ In Reply To ..]nm
The sky is falling - Henny Penny
[ In Reply To ..]There are many reasons why, but at this time of year, the Wall Streeters and hedge fund guys like to manipulate the market so it falls in the late Spring/summer (i.e., "sell in May and go away"). So don't get all twisted up. They usually find some "reason" and they all run with it.
There is other news worth looking at: The jobs did tick up. The Corporations are still making money, (why are they not hiring in the US, though?--financial immorality if you ask me).
The big question is will the Republicans continue to hold the debt ceiling hostage. Even the Streeters are calling on the Pubs to call it off. A big game of chicken with everyone's livlihoods at risk so the Republicans can score a political point.
corps - anon
[ In Reply To ..]OK, I'll bite. What the heck is "financial immorality?" Share the wealth?
I don't know about these big corporations and why they make the decisions they make, but I know if I had a company, I would never expand or hire with this type of uncertainty. No way.
Financial Immorality - = Non-patriotic
[ In Reply To ..]"bite the hand that feeds you." Etc. You know, lay off U.S. MT's and hire ones from India and the Phillipines. Same deal.
why is it non-patriotic to keep money you earn legally? - anon
[ In Reply To ..]Are you going with social justice theme here?
Too young to remember "The American Dream"? - So sorry.
[ In Reply To ..]Whatever happened to taking care of your community and your neighbors? It is lawful to keep all your money to yourself, but it is something else to turn your back on your country and fellow citizens. I guess you just can't understand it which makes me very sad for you.
I would be happy to take care of them, but I am - now broke under Obama. nm
[ In Reply To ..]nm
"Do dont get all twisted up"? Hello! Reality check! - This is not a bad dream. Its real. You
[ In Reply To ..]cannot defend Obama forever. Well, you can, and you can continue to vote for him as the country stays in a black hole. I, for one, will NOT be making that mistake again. The country is more important than any party or president to me.
falling sky - anon
[ In Reply To ..]Do you really know what would REALLY happen if the debt ceiling wasn't raised?
That's how the liberals work and the majority of the country has figured it out. Ahhh!! Crisis!! We have to do it right now!! The entire world as we know it will totally collapse if we don't this immediately!! Children are dying! (heard that one during the ObamaCare debate from Pelosi). Scare tactics aren't working any more. Can you say stimulus? ROFL
Ha! One of you accuses me of wearing rose-colored glasses and the next of fear mongering - Henny Penny
[ In Reply To ..]Now why would there be a "saying" of "sell in May and go away". Could it be because it is often true? Perhaps you should do some serious stock market chart watching and see what the big indicator does almost every summer. So tonight's nightly news blames the present market drop on three things: 1) The European economic crisis. They have been trotting out this excuse about every 6 months or so whenever they want to drive the market down. (they make money if the market goes up or down--doesn't matter--as long as you go along for the ride). 2) The gas prices. Well, you know that is artificially inflated or deflated. The third factor blamed is the debt ceiling which the above poster discounts. I am not saying there is any validity to the big fear factor (that the Republicans are using to decimate Medicare), but nevertheless, they will use it to get what they want, and if they have to drive the market down further, they will. Be scared, or see it for what it is. Buy low, sell high.
Most of us know its NOT just about the stock market. - Housing crisis is another big indicator.
[ In Reply To ..]..and the stats show this worse than ever. Unemployment is not improving enough to help the crisis. This is not just about the stock market and speculators. This is everything combined. The country is in horrible shape. Face it. We need new leadership. Its pretty evident nothing the current administration is doing is improving anything. Actually, it may be delaying recovery.
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