The Economy

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    Things were so bad the last four years, that any improvement is actually still not good. But a little good news is still good news. I've noticed my retirement funds are growing and I'm happy about that. I hope things continue to improve, although there's still bad news out there, and if your broke and need a job times are hard.

    Small business confidence rises to 3-year high - Business - Small business - msnbc.com



    After years on sidelines, some find work again - Business - Eye on the Economy - msnbc.com

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  2. 780 Comments...

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    there are strong indicators that support economic growth.
    yet 'we' still should be cautious...but also, hopeful.
    i don't care what the naysayers say.

    leslie
    herring_RN, Tweety, and aknottedyarn like this.
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    Everything is cyclical and things will improve. I'll take any good news, no matter how small.
    herring_RN and Tweety like this.
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    The US have spent so much the last 2 years trying to improve the economy that we can no longer even pay the interest rates of borrowed money. The stock market is not an indicator that the economy is doing good...all the stock market means is that wall street is improving. I have only received 1 raise in 3 years which was hospital wide at 2%. The price of living continues to go up. Gas is rising because the dollar is losing value. The dollar is the world reserve currency, and all oil is bought in the US dollar. The US dollar is losing buying power because the Federal Reserve has printed up trillions of bogus money to buy T-Bonds and banks were given money that we the tax payers will one day have to pay back. Since the dollar is losing buying power, oil prices are rising; also why silver and gold took a spike. The housing market is still in decline. Just about every state government in the US is broke and searching for ways to make ends meet. So, I would have to disagree that the US economy is improving. Yes, the bankers economy may be improving, but as a nation, it's collapsing.
    pinkishlimegreen and VickyRN like this.
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    Agree to disagree with you dhammo1.....when you look at the big picture there are indications that things are improving on several fronts not just the stock market. Like I said "improvement" is relative. That is with the caviet I put in my original post.........things are so bad that any improvement still leaves things in pretty bad shape and there's plenty of bad news.

    It does seem that for each improvement, there's another slap in the face like oil prices, food prices rising, and as state, local and national governments lay off workers to cut spending and lower taxes unemployment is going to continue to be the thorn in our side.

    I liken it like a dessert where there used to be an ocean, but there are a few drops of rain starting where there hasn't been rain in three years. At least you say there there are drops of rain.
    herring_RN and azhiker96 like this.
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    I met with my financial planner a couple of months ago and he suggested rebalancing my 403(b). I've noticed it's doing much better over the last few months, but I keep telling myself "Long-term...think long-term."

    I don't count on anything lasting. I try not to get too excited if the market had a particularly good day, because badness is sure to follow. I get a little more concerned when I see major events taking place in the news, because my first thought is, "How will this effect our economy?"
  8. 0
    Quote from OCNRN63
    I met with my financial planner a couple of months ago and he suggested rebalancing my 403(b). I've noticed it's doing much better over the last few months, but I keep telling myself "Long-term...think long-term."

    I don't count on anything lasting. I try not to get too excited if the market had a particularly good day, because badness is sure to follow. I get a little more concerned when I see major events taking place in the news, because my first thought is, "How will this effect our economy?"


    I agree. Looking at the ups and downs can be frustrating and thinking long-term can be hard when it takes a dive and what goes up, always comes down. I practically panicked during those times when I was loosing about $1000 a day and it plummeted about 40% of it's value and I almost got out altogether because I didn't want to loose it all. I did rebalance to an "age appropriate" mix, which changes as I age to safer and safer investments, but with the idea that I have 20 more years to retirement.

    I'm glad I stayed in because I'm enjoying the benefits now (I only wish I bought stock in Ford that is up 1000%). Of course there's no guarantees the next 20 years will be stable.

    It's good that you have a financial planner. If I went to one she would say "you're broke and keep healthy because you're going to work until you drop". LOL
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    IMF discusses plan to replace dollar as reserve currency - Feb. 10, 2011

    Posted a link that was on CNN, explaining how there is/has been a move to get away from the dollar on world reserve currency. This would be devastating for us who live in the US. All the money we have saved in our bank account will be worthless.
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    Quote from dhammo01
    All the money we have saved in our bank account will be worthless.
    I'm not understanding this. How would our money become "worthless". Our economy is too huge in the worldwide scheme of things for money the dollar to be devalued to worthless.

    I'm asking because I'm not really knowledgable about these things, but I can't grasp "worthless". Devalued, less powerful, more equitable alongside other monies.
    Not_A_Hat_Person and azhiker96 like this.
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    Quote from Tweety
    I'm not understanding this. How would our money become "worthless". Our economy is too huge in the worldwide scheme of things for money the dollar to be devalued to worthless.

    I'm asking because I'm not really knowledgable about these things, but I can't grasp "worthless". Devalued, less powerful, more equitable alongside other monies.
    The reason why the dollar is still alive today is because it is the world reserve currency...meaning, everything is bought in US dollars. The biggest commodity is oil, so every nation in the world right now buys oil with US currency. Well, as of late of last year, China, Russia, and I think even Brazil is getting away from the US currency for trade. One thing that is keeping our economy afloat is the fact that the dollar is the world reserve currency...so that means the US..aka the Federal Reserve...prints out money out of thin air that has no value, and circulates it into the US economy...buys up treasury bonds from the government...puts money in the stock market...but this money is worthless money, you can almost look at it as counterfeit money...the reason for the US dollar losing value. Well, sense everything is bought in US dollars around the world, the US will keep printing out money from thin air. Well, in this article, the IMF (a huge banking cartel) wants to do away with the US dollar from being the world reserve currency, which they tried in 1969 but failed. They want to replace the dollar with a digital currency called SDR. That would devastate our nation. The dollar used to be backed by gold until I believe Nixon did away with that, and replaced it with fiat money. The money that we hold in our wallets, mean absolutely nothing, and it's all backed on the dollar being the world reserve.

    The bankers are the ones to blame for this collapse in the economy...it was the invention of derivatives...basically banks bought insurance policy on homes they sold...meaning...the banks made more money from the insurance they received on someone defaulting on a loan than if the buyer paid the house off...the banks made money off of the american people by setting them up for failure...well, when the insurance companies like AIG collapsed in 2008...then the tax payers bailed out the banks....

    It's all a scam...and why has no one ever been tried for treason, I am clueless...except for the fact that the banks run our government...


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