I find it...laughable (kind of...) when some people are brainwashed by the very recent media propaganda that "things are getting better and it's better than 2008" these last 2 months. The obvious question of course is: What are your arguments? And...here are my arguments that it's getting worse with every single day:
1. The good gold (good old gold...):
As it's no secret that gold hits all time records high and it may continue...and it's no secret that this means that people like to "invest in gold", which translates to: "Put our money on secure place for years and we don't care of any business - just wait until the storm stops". Which in case you still don't get it, means: Sluggish economy.
2. The unemployment is 9.6%.
Who says/said that??? The government who counts numbers of unemployed people from unenmployment offices - but what about all others who aren't registered? This would easily mean that the real number can be as high as 20% or even 25% - which translates to every 5th or every 4th doesn't have a job.
3. The dollar hits 15 years record low:
See point 1. - you might find some connection
.
4. People invest in China and not in US/Europe:
Now that's a problem too...the obvious problem is that people in China would arguably become richer but the situation in US and Europe will become even worse - which means that only God knows what can lead this to (probably a WW3 in the next decade if it continues this way...).
5. INX, DJIA, FTSE, DAX, etc. are getting better?
Says who? Or more likely: What kind of idiot will say such thing?
Yes, they're better than the crashes in the late 2008 - but they aren't recovering - my ass might recover...but they will won't in the near term.
I can say much more..but it suffices given that it's friday night and i should probably find something much better to do...other than bitching against the economy - but it's really shockingly bad. I won't be that concerned even if CNN reports that a giant asteroid is approaching earth and it will hit us in...1 month - provided I was a millionaire and have 1 nice month to spent
.
10x
1. The good gold (good old gold...):
As it's no secret that gold hits all time records high and it may continue...and it's no secret that this means that people like to "invest in gold", which translates to: "Put our money on secure place for years and we don't care of any business - just wait until the storm stops". Which in case you still don't get it, means: Sluggish economy.
2. The unemployment is 9.6%.
Who says/said that??? The government who counts numbers of unemployed people from unenmployment offices - but what about all others who aren't registered? This would easily mean that the real number can be as high as 20% or even 25% - which translates to every 5th or every 4th doesn't have a job.
3. The dollar hits 15 years record low:
See point 1. - you might find some connection
.4. People invest in China and not in US/Europe:
Now that's a problem too...the obvious problem is that people in China would arguably become richer but the situation in US and Europe will become even worse - which means that only God knows what can lead this to (probably a WW3 in the next decade if it continues this way...).
5. INX, DJIA, FTSE, DAX, etc. are getting better?
Says who? Or more likely: What kind of idiot will say such thing?
Yes, they're better than the crashes in the late 2008 - but they aren't recovering - my ass might recover...but they will won't in the near term.
I can say much more..but it suffices given that it's friday night and i should probably find something much better to do...other than bitching against the economy - but it's really shockingly bad. I won't be that concerned even if CNN reports that a giant asteroid is approaching earth and it will hit us in...1 month - provided I was a millionaire and have 1 nice month to spent
.10x