Quote from EMRGLOBAL:
Once again, I will chime in.
I deal with the very wealthy in this country, most are private manufacture owners with net worths between 5million to 100 million plus.
I hear positive things as orders are ticking up, margins are good for them right now and profits are being made across the board.
However, I hear Zero plans on hiring new workers and possible layoff plans if the Tax rates increase, state, fed, insurance, etc.
Thus, once again, those who are weathering this storm are making money. We have had zero problem raising capital for our Private Placements which are in OIL. So far this year we have raised around 6 million. Those with money are being smart and taking calculate risk.
However, the middle class will suffer. Those who work for Typical Corporations and or business who are in debt, are at the mercy of their Axe.
Yet, Depressionary pressures are very small, oil is still above 70, Gold is still high and the dollar has rebound..not to mention China as its own currency floating, no longer tied to the GreenBack showing that China believes she is strong, and those who trade with her will reap the benifits.
The printing machine is gona crank up...and more and more money will flood the system.....never reaching the very people who voted for Obama and his Socialistic Ideas.
Bottom line, there is plenty of money being made, it is being made in key regions...like down in the South on commerical property, Oil and Gas, and corporations relocating for lower wages. As well as companies who are making more money, with less workers than ever before. This mentality will stick and few "bloated" payrolls will exist.
East and West coast are in the Depression now, many of the states will be bankrupt and many social programs will be cut. Very little Muni bond actual will bring about investment money, thus, leaving most of those two regions in the depression for years to come.
The growth is down in the souther'n belt. There is some sign of strength and as more and more money, people, jobs flow in to AL, TN, TX, OK, you will see more strength in those regions.
The set back in LA is gona hurt the state but more and more international shipping and commeric is leaving from the Gulf Ports, from AL to TX.
Those who live in states controlled by liberal dems are gona feel the pain, in a very harsh manner.
US equities market will be drained of key capital before the Capital Gains hike in 2011. I suspect a move towards 6000 if not 5000 from money flowing out of the US STOCK market into Hard Assets.
Once again, ALL S is not P......meaning there are ways to make serious money and build wealth right now. Most people will not...but many will come out of this stronger, wealther and happier.
If I were someone dealing with you, I'd have you drummed out, first of all. Even if English isn't your first language, which it quite evidently isn't, simply running your post through a spell checker first would have at least made it comprehensible enough not to have to read it like you were reading some manual for something made in Taiwan written in Taiwanese English.
This is laziness on your part, pure and simple. No one's asking you to be perfect, but you should at least be comprehensible.
That's number one.
Number two, it also shows the usual economic illiteracy, thinking that second-rate areas that get the transplants from the first-rate are ever going to amount to anything other than second-rate areas that get the transplants.
New companies, born of new ideas, have been made in the North and on the West Coast since forever, with a few notable exceptions. That will continue, for the simple reason that in order to have a first-rate economy, you have to be willing to spend on infrastructure and education.
In bad times, the second-rate benefit, because everyone is looking to save a buck.
In good times, everyone flocks to Silicon Valley, Boston, Wall Street, and so on, because in good times, when original things (Google, Amazon, Microsoft, etc.) happen, they happen in the first-rate places, not in the backwaters.
If you think differently, it's because either this is the first cycle you've ever seen, and therefore have the wisdom of the young, or because unlike Yogi Berra, you see nothing when you look.
Yes, the first-rate areas will suffer more than the second-rate. That's because they're where the big risks get taken, and for big risks to get taken, money has to be spent.
Sometimes, you suffer. It's part of the economic game.
That the second-rate suffer less in bad times just proves that they are, in fact, second-rate.
