PeakOil is You
Short's no more depression thread
Re: Short's no more depression thread
by shortonsense » Sun 30 May 2010, 10:24:06
$this->bbcode_second_pass_quote('jbrovon', ' ') The current economic downturn never ended.
Not according to the normal terms of measure. See Oily's thread on the topic if you missed the obvious.
$this->bbcode_second_pass_quote('jbrovont', '
')Even on a superficial level judged by market levels, we're far below where we were at the 15k level of the DOW - in fact we're now calling it the 'lost decade' and that's not considering inflation - even at the official numbers which are probably 3x below actual inflation. Unemployment wise, we are no where near recovery, and liquidity wise... well you can look up the FDIC numbers to see where most of America is there. Average savings...average income...median hours worked...median wages...
Most of those measures were generated during a BUBBLE. You do know what a bubble is, don't you? It hardly is reasonable to compare non bubble metrics to a bubble and declare, "Look! Things aren't back to a bubble yet!". Good. The bubble, and people's expectation of using their home as an ATM rather than actually EARNING their money for a living rather than speculating, is the normal way things are supposed to happen.
And using the market as a judge of recovery? Please. The time to make money in the market is when its goes down, not when its bubble driven. Everyone knows that, the Rothschilds have had it figured out for centuries.
$this->bbcode_second_pass_quote('jbrovont', '
')Perhapse your job was unaffected by the rest of America's downturn? Possibly you have no real basis in our reality?
My job wasn't effected in the least. I'm not a mortgage broker, bank lender, credit card expansion specialist, I've never refi'd a house, I don't sell or speculate on real estate, I don't sell financial instruments designed to fail, or create them, I don't depend on idiots to treat their homes like ATMs to spend their money at a business I own. Unemployment in my area runs around 6%, housing values are down around 15% and nobody cares because nobody is flipping them, everyone owns their home so they can LIVE in them. I live in the America the way it should have been if it weren't for the crazies in Las Vegas, Florida and California pretending that their "too good to be true" lifestyle was the reality.
$this->bbcode_second_pass_quote('jbrovont', '
')Who writes your paycheck SOS?
Which one? My regular day job? My consulting work? Or my retirement income? Diversification in all things J.
$this->bbcode_second_pass_quote('jbrovont', '
')And your agenda? Based on your posts I can only conclude that you have no understanding nor concern for the tribulation of the 'average American.'
I live in an entire family of average Americans. My sister and brother in law haven't lost their jobs either, catering and HVAC repair. My mom and dad haven't either. General handyman and retired (tutoring on the side). My brother in law and his wife are fine. Repairman in Glacier Park and manager of an outfitting company. My brother in law and her sister are fine too. Bridge inspector and eye care worker. I got an aunt works in editing. I got an uncle who runs hobby farms in Massachusetts. Another brother in law and his wife are fine to. Dry wall business and greenhouse worker. Not a single lost job in the bunch. Of course, none of them work in the categories I mentioned previously.
I'm related to plenty of average Americans. Stop pretending that average Americans are only the idiots who fell for the get rich quick schemes, or depended on said idiots.
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