It's possibly the end of easy credit. No one wants to take on debt. Buyouts and stock buybacks have kept the market up. But if companies can't raise debt on favorable terms, banks will have to take the hit on buyouts like Cerberus, and less companies will raise debt to buyback stocks.

The subprime problem is spreading to prime customers, housing inventories are up.

The economy is growing well, and the rest of the world is doing well. That could help, but no one knows for sure what will happen.

Bush's rich buddies here in the U.S. ain't hurting though. They've already pulled out their money and are all selling and buying foreign stocks.

I wouldn't blame anyone for buying and selling foreign securities. The dollar is shit. Also global markets, especially emerging markets, are doing well. Of course, it is risky to invest in emerging markets, but hey, no pain no glory.

Some correction is good for the market. Prosperity is ahead. When you see some properties in Michigan getting hot again, you'll know that it has come. Will take a while, but coming.

The next President will sit over a peaceful and prosperous time.

The economy is growing well, and the rest of the world is doing well. That could help, but no one knows for sure what will happen.

You have to be a fool to believe governments' reports on their management of their economies. It's a liars club.

Reckless excess of credit, Ponzi Schemes, too much leverage, naked shorts, competitive devaluations. Even if it recovers from the recent downdraft, it's an accident waiting to happen.

Great news. Democrats take over the House and Senate and the stock market plunges and gas soars in price. If Hillary or Osama Obama gets into office will we be seeing locusts and rivers of blood?

I wouldn't blame anyone for buying and selling foreign securities. The dollar is shit.

Posted by member2586

This economy is the worst we have had since the great depression. Our country is sliding into the shitter. No one can find work. The sky is falling!

What a batch of shit!!

.....aside from their other failings......this administration has put America in a precarious position financially.......

.......racked up a debt that will haunt us for generations, with treasury bonds held by countries we should not even have trade relations with........

........the slide of the dollar and the low stock values on American exchanges is just the beginning.........our standard of living has dropped during the past decade and it will continue to slide.........

........a weird news item indicative of the trend, this week five Mexican migrants not only crossed into the US but kept going to the Canadian border and crossed over that....the border agents caught three and are afraid that the other two might fall prey to grizzlies in the Alberta badlands......

Don't look now but the debt is about half of what it was 3 years ago.

How does the slide of the dollar affect you?

They are not mexican imgrants, they are illegals. Don't look now but there arn't any grizzlies in the 'Alberta Badlands' because the bears are in the mountains of BC and I don't know of any 'badlands' in Alberta. Most of Alberta is farmland with lots of deer and antelope.

Do you know where Canada is?

I'm not too worried about this week's downturn. I've got quite a few years left before retirement. Besides, we've had many such episodes before where the market lost a few percentage points. By and large, the market will recover and those who remain invested will be just fine.

"Don't look now but the debt is about half of what it was 3 years ago"

You're joking, right? Where do you get off making up bullshit statements like that? The debt is hundreds of billions of dollars higher than it was 3 years ago.

Uh oh, Danforth is using the "fuzzy math" card again

Danforth's fuzzy math, Califchris' Bush conspiracy theories...no wonder no one takes libs seriously. The worst week in 5 years? Big deal! The Dow hit 14000 just a week or so ago, and is still well over 13000...if we're crying about that, we should count our blessings.

"Don't look now but the debt is about half of what it was 3 years ago"

You mean the deficit, right? But those deficit numbers are misleading because they don't include Social Security, and of course, off-budget war stuff.

"You have to be a fool to believe governments' reports on their management of their economies. It's a liars club."

True, govts lie. Even so, company after company is reporting earnings and the common theme among many reports is that earnings are growing faster outside the U.S. than in the U.S.

In the long term you are right, the Federal Reverse and IMF system is bad for the world economy.

(No, it's no typo, it's the Federal Reverse, not Reserve).

Why is it that the sky is always falling? The Dow had its worst week right after it hits 1400. As for the national Debt, lets stop spending everyone's tax money on people that won't work or spend it on taking care of people who jump on welfare and keep popping out kids. Seriously, why is it that the government has to tax me to pay someone for loosing their job. How about you tell that person to get some responsibility and save for that event.
A large part of the reason that other countries are doing so well is because they are developing and have room to grow! Their governments are also actively trying to attract business to their contries. However the US wants to tax them and restrict them. Can't drill here because it might hurt a fish. Meanwhile Cuba is planning on drilling right of our coast. Lets tax the oil companies. That way they will move their corporate offices overseas.
The libs want to blame the president but the real people you should look at is congress! They spend like crazy. The replublicans (not conservatives because most of them aren't) spend just as bad and the dems.
As for the war spending... please someone stop beating that stick. As if I would get a refund if the war ended. Listed to the debates people!! The dems are already spending the same money on other projects!! They don't want to be in the middle of a civil war yet they don't mind sending troops into Africa to break up fights. They complain about how much the war costs and yet they are ready to blow my taxes on free medical coverage for people who don't want to pay for it themselves!
Honestly when did we all become so crippled that the government had to do everything for us?? What's next the government going to pick and put me in a job?

Why is it that the sky is always falling? The Dow had its worst week right after it hits 1400. As for the national Debt, lets stop spending everyone's tax money on people that won't work or spend it on taking care of people who jump on welfare and keep popping out kids. Seriously, why is it that the government has to tax me to pay someone for loosing their job. How about you tell that person to get some responsibility and save for that event.
A large part of the reason that other countries are doing so well is because they are developing and have room to grow! Their governments are also actively trying to attract business to their contries. However the US wants to tax them and restrict them. Can't drill here because it might hurt a fish. Meanwhile Cuba is planning on drilling right of our coast. Lets tax the oil companies. That way they will move their corporate offices overseas.
The libs want to blame the president but the real people you should look at is congress! They spend like crazy. The replublicans (not conservatives because most of them aren't) spend just as bad and the dems.
As for the war spending... please someone stop beating that stick. As if I would get a refund if the war ended. Listed to the debates people!! The dems are already spending the same money on other projects!! They don't want to be in the middle of a civil war yet they don't mind sending troops into Africa to break up fights. They complain about how much the war costs and yet they are ready to blow my taxes on free medical coverage for people who don't want to pay for it themselves!
Honestly when did we all become so crippled that the government had to do everything for us?? What's next the government going to pick and put me in a job?

Sniper,

"How does the slide of the dollar affect you?"

Gee, have you noticed the price of oil and gas goes up when the dollar goes down? It has a huge effect short and long term. Short term is the cost of competition for world wide ressources. One long term effect playing out now is how foreign investers will pump money into the housing market over inflating it since currency wise it looks such a great deal. UK was a big contributor to condo bust in Florida.

And all that cheap shit from China etc will cost more in the long term as well. Bush and his bimbo Condi are pushing China to stop pegging the Yuan against the $. If they do that then shit sold from China will be much more expensive to schmucks like you.

And finally if the world thinks Chimpy will devalue the $ more then they dump their $ reserves into the open market plummeting its value. Guess what happens Sniper? Big time inflation in the US. You do know what inflation means?

Come on Sniper! You Repubs like to present yourself as so brilliant in economics. Can't you understand the simple impact of devaluing a currency in a global market?

Leper,

You are really clueless.

If the US finally helps provide healthcare for all then this increases US productivity as currently uninsured workers could get preventive care. Its beneficial to capitalism you ass. Billions are lost annually due to people not getting medical care in the US. Your perspective is you think anyone beneath you economically is a loser and should be treated as such.

Einstein, the US contributes billions of $ in aid around the world to developing countries not out of mercy but to give US companies more places to do business and trade with. Shit you don't have a problem with upgrades and tax credits for ports, roads, police, fire improvements since they directly help business but you get a bug up your ass when the government directly helps its citizens because you are TOO STUPID to see the help this gives to the US economy and businesses.

You Libertarians are the most stupid people I have ever met in my life.

Lighten up Danforth. My username is based on Dubya's first bankrupted business and my post was meant to mock a phrase he used in a debate years ago.

If the US finally helps provide healthcare for all then this increases US productivity as currently uninsured workers could get preventive care. Its beneficial to capitalism you ass.

Well that explains why it is so popular in socialist countries.

If the US finally helps provide healthcare for all then this increases US productivity as currently uninsured workers could get preventive care. Its beneficial to capitalism you ass.

How does universal healthcare improve productivity.....specifically? Seriously, if you can convince me of this then I will get behind it 100%.

The greatest threat that faces this nation is the financial collapse of the world economy. Debt has ballooned to levels never before seen in the past. Judging by the dearth of interest on this subject, Americanas-boobus won't know what hit them.

If you think the government is going to run health care any better than it does anything else you are living in a dream world.

Ray you are correct in the fact that our debt has grown. We give way too damn much away to anyone that asks. We are the biggest suckers in the world because we think we can buy friends.

We are the biggest suckers in the world because we think we can buy friends.

Posted by Sniper at 2007-07-29 11:03 AM | Reply |


Except in the Middle east where we are spending a trillion dollars to buy enemies.

Which sucks more?

Ray,

Yeah and in Europe everyone of them pay far less in % of GDP than the US for care. Most of the horrible "socialist" countries in europe are much more economically stable than the US as well.

What's better to let a few people get super rich or maintain a certain stability level for all?

Wouldn't your life be better with 6 weeks vacation, nice public transportation, no concerns about providing health care or schooling for your children?

Eberly,

People without insurance do not take advantage of preventive care due to the expense.

Preventive medicine provided by health care can diagnos cancer, heart disease, diabetes, arthritis, etc, etc at early treatable stages. It is much cheaper to deal with a health issue in the first stages than much later on. Insurance companies love their members to go for regualr checkups. Let chrnoic illness set in then emergency care kicks in and huge expenses are incurred and the worker is taken out of the workforce possibly permanently. Then social security has to start paying out, even more if the worker has a family. This is much more critical for children as simple untreated problems can lead to a complete loss of productivity for a lifetime.

Also with the baby boomers retiring there is a need to keep as many people employed as long as possible.

I am not advocating the government controls health care but to subsidize the insurance for anyone who can't get it themselves.

now wait just a god damned minute here...

when the market hit the highest IN FOREVER most of you didnt say ONE FUCKIN WORD ABOUT IT and there wasnt a post on it until later IF AT ALL.....
and now it goes down like it always will after record highs......NOW YOU BITCH......and because of that we really dont give a shit what you have to say about the drop if you are too goddamned partisan to say anything positive about it when it was a record high.......

you folks are just to damned predictable

and when I get to the golf course today the first thing I will tell one buddy is that I was right last week when I read about the market taking a loss that monday there would be liberal bullshit on this site..........and once again...I hit it on the nose........

and look at the headline..

worse week in five years.

did we read last week...

highest in HISTORY.....not here we didnt....

and after shooting my lowest score ever what happens the next time? even lower.....no of course not......right after record high anything will come something lower almost every time unless you are talking about bullshit levels from the left........

Eberly,

People without insurance do not take advantage of preventive care due to the expense.

Preventive medicine provided by health care can diagnos cancer, heart disease, diabetes, arthritis, etc, etc at early treatable stages. It is much cheaper to deal with a health issue in the first stages than much later on. Insurance companies love their members to go for regualr checkups. Let chrnoic illness set in then emergency care kicks in and huge expenses are incurred and the worker is taken out of the workforce possibly permanently. Then social security has to start paying out, even more if the worker has a family. This is much more critical for children as simple untreated problems can lead to a complete loss of productivity for a lifetime.

Also with the baby boomers retiring there is a need to keep as many people employed as long as possible.

I am not advocating the government controls health care but to subsidize the insurance for anyone who can't get it themselves.

Posted by furio

I understand all of that, however, I asked about how it would "increase productivity".