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Where is the US economy headed?

 
 
realjohnboy
 
  1  
Reply Mon 8 Oct, 2007 04:44 pm
xingu wrote:


Whenever I read one of these stories, I am struck by the fact that there is rarely any mention of the fathers involved. Does the system assume that these guys aren't worth looking for to force them to make a contribution to the welfare of the child they created?
0 Replies
 
Ramafuchs
 
  1  
Reply Mon 8 Oct, 2007 05:16 pm
Bad-news bulls

Oct 4th 2007
From The Economist print edition
Stockmarkets are breaking records again as if the credit crisis were ancient history. If only it were


There is the potential for turmoil in the currency markets, either because Europe takes a stand against the rising euro at the Group of Seven finance ministers' meeting on October 19th, or because international investors, who have to finance the American trade deficit, become alarmed by the weakness of the dollar.
Stockmarkets might be able to rise above the problems of the credit markets. But whether they could gain ground in the face of foreign-exchange market turmoil as well seems a lot more doubtful
http://www.economist.com/finance/displaystory.cfm?story_id=9912520
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Miller
 
  1  
Reply Tue 9 Oct, 2007 07:20 am
realjohnboy wrote:
xingu wrote:


Whenever I read one of these stories, I am struck by the fact that there is rarely any mention of the fathers involved. Does the system assume that these guys aren't worth looking for to force them to make a contribution to the welfare of the child they created?


Multiple children in many of these cases is the result of multiple "relationships" and rarely is the consequence of multiple marriages.
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Miller
 
  1  
Reply Tue 9 Oct, 2007 07:25 am
xingu wrote:
Quote:


Has she by any chance considered having a tubal ligation?

http://ap.google.com/article/ALeqM5gY6rxUZncBuMDJhKBpxcA385AI0gD8S4GF680
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Walter Hinteler
 
  1  
Reply Tue 9 Oct, 2007 07:29 am
Miller wrote:

Multiple children in many of these cases is the result of multiple "relationships" and rarely is the consequence of multiple marriages.


Your source for that?
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OGIONIK
 
  1  
Reply Tue 9 Oct, 2007 08:02 am
jesus christ 1400 a month and shes homeless? dear god, thats more than what i make. Why is the world SOOOOOOOOO damn intent on informing and re-informing me that i am dirt poor?

i checked what the poverty level was at, i thought i would be sorta high up there ,but not mega rich, turns out im still ******* below it.
0 Replies
 
hamburger
 
  1  
Reply Tue 9 Oct, 2007 09:58 am
ogionik wrote :

Quote:
jesus christ 1400 a month and shes homeless?


Quote:
...rents for a three-bedroom apartment in the greater Springfield area range from about $800 to $1,300 without utilities...


let's stay at the low end of $800 and even say it includes utilities .
that leaves $600 a months for 5 people , food , clothing , some basic municipal transportation - if any is available . $20 a day for a family of five doesn't sound like much money to me .
of course , one might ask why she has 4 children and where the father(s) is/are .
from what i understand , birthcontrol is not widely promoted in the U.S. - and it costs money too .
fathers do seem to be able to vanish from the face of the earth , and even if found seem to be able to avoid/delay making payments for their children .
if the father has started a new family , the old family will likely not get anything from him unless he has a large income .
a pretty sad situation in our society , but that's the way it is .
btw putting the children into a home would probably be much more costly than paying the mother to look after them .
what one needs to be concerned about also : what's going to happen when the children grow up ?
will the environment in which they grew up , rob them of any chance to escape the poverty treadmill ?

preaching about it , condemning it will not likely have any affect on it . better education about "the facts of life" and decent jobs might help reduce those problems eventually , but it would likely not offer any short-term solution .
hbg
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okie
 
  1  
Reply Tue 9 Oct, 2007 10:00 am
OGIONIK wrote:
jesus christ 1400 a month and shes homeless? dear god, thats more than what i make. Why is the world SOOOOOOOOO damn intent on informing and re-informing me that i am dirt poor?

i checked what the poverty level was at, i thought i would be sorta high up there ,but not mega rich, turns out im still **** below it.

The Democrats would like to convince you to be miserable, OGIONIK.
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Ramafuchs
 
  1  
Reply Tue 9 Oct, 2007 04:31 pm
forget about usa politics and the economy.
Iam fed up with corporate culture.
Germany where i live follows suit of this nonsense.
India where i was born is no better.
death is is not inevitable.
I will die as a diehard communist with 'Gandhi's( unknown to many) views.
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okie
 
  1  
Reply Tue 9 Oct, 2007 07:49 pm
realjohnboy wrote:

Whenever I read one of these stories, I am struck by the fact that there is rarely any mention of the fathers involved. Does the system assume that these guys aren't worth looking for to force them to make a contribution to the welfare of the child they created?


According to liberals, the state is now everybody's father, rjb.
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realjohnboy
 
  1  
Reply Thu 18 Oct, 2007 06:14 pm
I read an essay today in one of our local papers. I will try to condense it if anyone is interested. The link is readthehook.com and then look for the essay in the10/18 issue entitled "Secret Wealth."
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Captain Irrelevant
 
  1  
Reply Thu 18 Oct, 2007 08:55 pm
I think I saw it take a left down 31st.
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cicerone imposter
 
  1  
Reply Thu 18 Oct, 2007 10:54 pm
Rama, I just returned from two weeks in Tunisia, but this was the first thread I'm visiting before I call it a day. Your articles/posts show us how most investors have short memories and no idea about macro-economics. The DOW is still close to 14,000; a level that assumes our economy is hunky-dory.

The latest report on factory output that shows a four percent increase was the big news while ignoring how the sub-prime and regular fixed rate 30-year mortgages are shuffled under the table as if they don't exist. Many of the investors and mortgage companies are just beginning to reveal the problems inherent in increasing interest rates and decreasing home values. The picture is going to get very ugly; it's only a matter of time.
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Thomas
 
  1  
Reply Fri 19 Oct, 2007 02:55 am
cicerone imposter wrote:
The DOW is still close to 14,000; a level that assumes our economy is hunky-dory.

... or that the Fed will cut interest rates soon, which it would if it saw a possible recession in the future. That's why the stock market is an unreliable indicator of how the economy is doing.
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Roxxxanne
 
  1  
Reply Fri 19 Oct, 2007 06:07 am
The economy used to be a good indicator of where the economy was heading, moving forward. At least in the sense of the investor's perceptions and assuming there is wisdom in crowds. Of course, anyone who has read Extraordinary Popular Delusions and the Madness of Crowds knows not to depend on the wisdom of crowds. Besides the fact that US businesses now benefit so much on the booming world economy and that is what we are seeing now. But it is being financed by the Chinese and others. Running up these unprecedented deficits is madness and the quails will be coming home to roost.
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cicerone imposter
 
  1  
Reply Fri 19 Oct, 2007 07:16 am
Thomas wrote:
cicerone imposter wrote:
The DOW is still close to 14,000; a level that assumes our economy is hunky-dory.

... or that the Fed will cut interest rates soon, which it would if it saw a possible recession in the future. That's why the stock market is an unreliable indicator of how the economy is doing.


Agree!
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cicerone imposter
 
  1  
Reply Fri 19 Oct, 2007 08:38 am
Some communities around the San Francisco Bay Area are finding home sales dropping by over fifty (50) percent compared to a year ago.

Watch out! It's beginning to show leaks in the dam.
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cicerone imposter
 
  1  
Reply Fri 19 Oct, 2007 09:19 am
It's going to be a very interesting stock market day. It's already down over 200 points.
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au1929
 
  1  
Reply Fri 19 Oct, 2007 01:35 pm
Dow is now down 331.91 !
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okie
 
  1  
Reply Fri 19 Oct, 2007 04:27 pm
cicerone imposter wrote:
Some communities around the San Francisco Bay Area are finding home sales dropping by over fifty (50) percent compared to a year ago.

Watch out! It's beginning to show leaks in the dam.

People are wising up and don't want to live there. Overpriced markets will especially suffer the most and that is one of them.
0 Replies
 
 

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