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10/13/2006 05:07:13 PM · #1 |
October 2006
DOW: 11,947.70
Unemployment: 4.6
Home Ownership: 68.7
January 2000
DOW: 11,722.98
Unemployment: 4.2
Home Ownership: 67.5
Not so bad.... :) |
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10/13/2006 05:08:07 PM · #2 |
| So... in 6 years, we've gone nowhere? :) |
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10/13/2006 05:11:18 PM · #3 |
Actually thats good with all the obstacles that the US and her citizens have had to overcome within those six year.
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10/13/2006 05:14:35 PM · #4 |
| Check this out. Some mind-boggling stats. |
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10/13/2006 05:18:59 PM · #5 |
Originally posted by nfessel:
So... in 6 years, we've gone nowhere? :) |
Naw...we went down and back-up, and the dow has passed and is still moving upward.
Originally posted by Southern Gentleman:
Actually thats good with all the obstacles that the US and her citizens have had to overcome within those six year. |
True, if you consider 9-11, Katrina, the Florida hurricanes, etc.
Originally posted by nfessel:
Check this out. Some mind-boggling stats. |
Yup...that's the problem with deficit spending. You spend more then you have, you take what you have to pay the interest so you can borrow more. Then as the dollar weakens you need to borrow more and more.
There is one thing I will give President William J. Clinton for, his signing of the line-item veto. One of the greatest things in the recent history of the U.S. (Too bad the activist courts decided to do away with the best thing Congress did in 40 yrs.)
Another interesting link...
Message edited by author 2006-10-13 21:24:50. |
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10/13/2006 05:39:41 PM · #6 |
What a lot of people fail to include when they bring up the deficit is the large amounts of money the US gives other countries in loans. And the majority of them are forgiven and the country does not have to pay it back.
I'm not say that we couldn't do better because we could. And I'm not say that other countries don't do there fair share, because most do.
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10/13/2006 05:41:33 PM · #7 |
Then there is the man who drowned crossing a stream with an average depth of six inches. ~W.I.E. Gates
lol that's great |
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10/13/2006 05:57:10 PM · #8 |
Nasdaq remains 45% below its '00 high. The S&P500 is 15% lower. Only the DJIA30 has made new highs. (It's easiest to manipulate 30 stocks for political purposes. The public uses the Dow as a gauge of stock market performance.)
All of the previous high indices' comparisons do not take into consideration inflationary factors, so the stock market performance has been the worst place to be for several years. Hard and soft commodities have been the best place to be invested. Real Estate prices are in a boom/bust cycle, with the best part of the cycle immediately in the rear view mirror.
Suggest everyone listen to the Federal Reserve Governors, who are now suggesting the CPI and PPI numbers have been understating inflation during the Greenspan years. On that note of government fiddleing with the numbers, one might ask how many people are no longer being counted for purposes of employment/unemployment. The unemployment rate in the Bush administration is presented on the first Friday of the month for optimal political advantage.
Record trade imbalance with China. $60 crude oil has been institutionalized by the Bush administration. US jobs are routinely outsourced overseas.
A very poor economic scorecard for this administration. And, that's all I have to say about that. |
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10/13/2006 06:03:00 PM · #9 |
So economic growth has been stalled the last six years as the economy slows down. If the economy were in a growth phase, there would be more distance between those numbers. Hey look at me all gettin' down with the econ jargon.. maybe this macroeconomics course I'm taking is actually sinking in!
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10/13/2006 06:05:26 PM · #10 |
Originally posted by karmabreeze:
So economic growth has been stalled the last six years as the economy slows down. If the economy were in a growth phase, there would be more distance between those numbers. Hey look at me all gettin' down with the econ jargon.. maybe this macroeconomics course I'm taking is actually sinking in! |
Well, I think all that was said above is that the deviation between the numbers for 2000 and 2006 is small. Albeit, it was said in an eloquent manner. :)
Message edited by author 2006-10-13 22:06:08. |
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10/13/2006 06:43:53 PM · #11 |
Originally posted by hahn23:
Nasdaq remains 45% below its '00 high. The S&P500 is 15% lower. Only the DJIA30 has made new highs. (It's easiest to manipulate 30 stocks for political purposes. The public uses the Dow as a gauge of stock market performance.) |
But what you fail to see is that over 40% of NASDAQ drop happened in 2000, Approximately 15% drop in the S&P500 happened in 2000, and the Bush administration didn't take office till Jan. 2001.
I'm not saying all was bad or good but just looking at the numbers.
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10/13/2006 06:53:14 PM · #12 |
Economy is great unless you're out of work or don't want to work. As far as NASDAQ it was so over inflated it needed to crash to get back to reality. Look at statistics, when the Congress & Senate (Not the president) makes laws and legislation regarding what will happen to the economy, it usually takes at least two years and more ofter 4-6 years minimum to make any kind of impact either positive or negative.
Heck after 9-11 then two major conflicts, a social give away after Katrina it's amazing the ecomony didn't completely fail. Some kind of great policies are in place, the last few years are almost unpresidented. Do I have a great job .... not really but life is good. |
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10/13/2006 07:02:33 PM · #13 |
| A lot of the jobs that people are taking, though, have a much lower wage/salary than the jobs they had before. |
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