The truth as to why the American Economy is Faultering. - Page 2 - GoFuckYourself.com

Mr. Deltoid · 01-22-2008, 11:14 PM

Quote:

Originally Posted by L-Pink

How much in fees do you think online trading companies have made in the last few weeks due to media hype?

If the media has motivated investors to trade at a higher rate, I imagine the brokers are profiting.

Frankly, I haven't been following the mass media lately.

warlock5 · 01-22-2008, 11:18 PM

most clueless thread on GFY of the day.

L-Pink · 01-22-2008, 11:24 PM

Quote:

Originally Posted by warlock5

most clueless thread on GFY of the day.

Warren Buffet fake nic

qxm · 01-22-2008, 11:27 PM

I guess this pic sums up the entire thread:

<thread>

</thread>

brandonstills · 01-23-2008, 12:54 AM

I think Americans have better and better opportunities as time goes on but the fact is most Americans can't understand nor see the new economy. They are all working on old models that no longer apply. So they think the economy is shit when the reality is they have 5x the opportunities their grandparents had.

teomaxxx · 01-23-2008, 03:57 PM

great post and here comes one great repost for those who still dont get it:

"Look at all the data you want: in the end you will find that while corporate earnings rose as much as 40% per year, wage increases for working Americans came to a pittance (see chart below, click to enlarge). Businesses "did not share" and this is a monumental mistake that corporate America is going to regret for decades to come.

This is not a morality issue, either. It's not about ethically "bad" corporations vs. "good" workers - though I bet that's how it will ultimately play out when the political pendulum swings to populism. Instead, it's all about competence: if top managers don't have the common sense to pay workers enough to comfortably afford their own goods and services a la Henry Ford, then they are immensely incompetent businessmen, plain and simple. If they face dumping from abroad, then they should be screaming bloody murder to Washington, instead of sending campaign contributions.

Furthermore, making up lost earned income in the form of increased asset wealth is a fool's errand: financial asset ownership is highly concentrated to the top 5-10% of the population and real estate, though more evenly distributed, is not liquid enough to substitute for income. In fact, borrowing against housing "wealth" while incomes stagnated was the proximate cause for the current mess.

Washington needs to wake up. This is not their daddy's ho-hum recession but a virulent grand-daddy come to visit from the late-19th century. The trifecta of high debt-low income, zero saving and asset deflation cannot be overcome with low interest rates and pocket change. The credit crunch shows us that borrowing is part of the problem, not the solution, and panicky tax rebate proposals are proof that it is income that is lacking, not lower taxes.

from:
http://suddendebt.blogspot.com/2008/...-to-water.html

Simply companies are profitable then ever, largely due globalization, but when they dont share it, who is going to buy their products?

tony286 · 01-23-2008, 04:04 PM

Quote:

Originally Posted by teomaxxx

great post and here comes one great repost for those who still dont get it:

"Look at all the data you want: in the end you will find that while corporate earnings rose as much as 40% per year, wage increases for working Americans came to a pittance (see chart below, click to enlarge). Businesses "did not share" and this is a monumental mistake that corporate America is going to regret for decades to come.

This is not a morality issue, either. It's not about ethically "bad" corporations vs. "good" workers - though I bet that's how it will ultimately play out when the political pendulum swings to populism. Instead, it's all about competence: if top managers don't have the common sense to pay workers enough to comfortably afford their own goods and services a la Henry Ford, then they are immensely incompetent businessmen, plain and simple. If they face dumping from abroad, then they should be screaming bloody murder to Washington, instead of sending campaign contributions.

Furthermore, making up lost earned income in the form of increased asset wealth is a fool's errand: financial asset ownership is highly concentrated to the top 5-10% of the population and real estate, though more evenly distributed, is not liquid enough to substitute for income. In fact, borrowing against housing "wealth" while incomes stagnated was the proximate cause for the current mess.

Washington needs to wake up. This is not their daddy's ho-hum recession but a virulent grand-daddy come to visit from the late-19th century. The trifecta of high debt-low income, zero saving and asset deflation cannot be overcome with low interest rates and pocket change. The credit crunch shows us that borrowing is part of the problem, not the solution, and panicky tax rebate proposals are proof that it is income that is lacking, not lower taxes.

from:
http://suddendebt.blogspot.com/2008/...-to-water.html

Simply companies are profitable then ever, largely due globalization, but when they dont share it, who is going to buy their products?

excellent post

01-22-2008, 11:27 PM	#54
qxm Confirmed User Join Date: Jul 2006 Location: NoHo Posts: 5,970	I guess this pic sums up the entire thread: <thread> </thread> __________________ ICQ: 266990876

01-23-2008, 12:54 AM	#55
brandonstills Confirmed User Join Date: Dec 2007 Location: Chatsworth, CA Posts: 1,964	I think Americans have better and better opportunities as time goes on but the fact is most Americans can't understand nor see the new economy. They are all working on old models that no longer apply. So they think the economy is shit when the reality is they have 5x the opportunities their grandparents had. __________________ Brandon Stills Industry and programming veteran [email protected] \| skype: brandonstills \| ICQ #495-171-318

01-22-2008, 11:18 PM	#52
warlock5 Confirmed User Join Date: Jan 2004 Location: Uranus Posts: 2,808	most clueless thread on GFY of the day.

01-23-2008, 03:57 PM	#56
teomaxxx Confirmed User Join Date: May 2003 Posts: 2,734	great post and here comes one great repost for those who still dont get it: "Look at all the data you want: in the end you will find that while corporate earnings rose as much as 40% per year, wage increases for working Americans came to a pittance (see chart below, click to enlarge). Businesses "did not share" and this is a monumental mistake that corporate America is going to regret for decades to come. This is not a morality issue, either. It's not about ethically "bad" corporations vs. "good" workers - though I bet that's how it will ultimately play out when the political pendulum swings to populism. Instead, it's all about competence: if top managers don't have the common sense to pay workers enough to comfortably afford their own goods and services a la Henry Ford, then they are immensely incompetent businessmen, plain and simple. If they face dumping from abroad, then they should be screaming bloody murder to Washington, instead of sending campaign contributions. Furthermore, making up lost earned income in the form of increased asset wealth is a fool's errand: financial asset ownership is highly concentrated to the top 5-10% of the population and real estate, though more evenly distributed, is not liquid enough to substitute for income. In fact, borrowing against housing "wealth" while incomes stagnated was the proximate cause for the current mess. Washington needs to wake up. This is not their daddy's ho-hum recession but a virulent grand-daddy come to visit from the late-19th century. The trifecta of high debt-low income, zero saving and asset deflation cannot be overcome with low interest rates and pocket change. The credit crunch shows us that borrowing is part of the problem, not the solution, and panicky tax rebate proposals are proof that it is income that is lacking, not lower taxes. from: http://suddendebt.blogspot.com/2008/...-to-water.html Simply companies are profitable then ever, largely due globalization, but when they dont share it, who is going to buy their products?