Quote:
Originally Posted by Snake Doctor
teomaxxx
This message is hidden because teomaxxx is on your ignore list.
Thanks for quoting that guy....reading the piece that you quoted reminds me of why I have him on ignore.
He really thinks the entire US economy is going to implode any day now, and any numbers you give to prove him wrong don't matter because "the government just makes up whatever numbers it wants in order to keep our current leaders in power".
I see any temporary weakness in the S&P 500 level 1450 or lower as a buying opportunity. This is based on sound fundamentals.
Obviously if you agree with guys like teomaxxx you wouldn't buy the US stock market at any price, you're hoarding gold and wearing a tin foil hat.
So whatever....
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you really need to help yourself by stating false facts. I have never wrote here that entire US economy is going to implode any day now and to the contrary I do invest mainly in the US stocks, despite your lies.
I really dont get it, how someone cant see simply facts:
"The only two exceptions of a housing recession not leading to economy-wide ones were those during the Korean War and the Vietnam war when a massive fiscal stimulus rescued the economy. What we spent ? or waste ? on Iraq is not sufficient to get that fiscal stimulus; we would need another equivalent of $200 billion fiscal stimulus to do the job."
Why it should be different this time?
By the way, war with Iran would put whole world immediately into the recession as oil would go to the 150-200 range.
The current inflation in the US for this year is 3.57, if you belive at it, then its your problem. I am the one doing money with my gold/oil investments.
And of course, on the statistics, people don?t understand the way government statistics work . And most people will concede that politicians lie. They lie to get elected ? everybody knows that ? they say what they have to say, so I don?t know why people assume that once they get elected they stop lying. I mean that?s all they do. Once you get elected your job is to stay in office. And the way politicians stay in office, is to present a rosy scenario. And so what these guys do is they
constantly change the way that economic statistics are calculated so that they can give a better result; so the politicians can point up to these dumbed up statistics as evidence that things have gotten better while they have been in office.
from:
http://www.financialsense.com/transc...2007/0310.html
yes Lenny 2, politics dont lie
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Why they constatly need to change way of counting statistics then?