Community Forums

pagosajoe · 08-24-2015, 09:18 AM

Quote:

Originally Posted by ga traveler

We never really had a recovery. The news people love this president and have covered for him. There are more people unemployed in this country than ever in history. The jobs that are being filled are low level, low paying jobs. The worst is yet to come.

Looks like we had a pretty good recovery, actually:

When "this president" took office on Jan. 20, 2009, the Dow Jones was at 7,949.09.

As to jobs, here's a reference for you:

http://www.factcheck.org/2015/01/oba...y-2015-update/

The economy has now gained nearly five times more jobs under "this president" than it did during the presidency of George W. Bush, and the unemployment rate has dropped to just below the historical average.

Certainly there are areas where improvement are needed, but it isn't as cataclysmic as may be suggested. As a journalism major and editor-in-chief of the university paper, I'm guessing it depends as to where you get your news that influences opinions.

flaggship1 · 08-24-2015, 09:24 AM

Quote:

Originally Posted by ga traveler

We never really had a recovery. The news people love this president and have covered for him. There are more people unemployed in this country than ever in history. The jobs that are being filled are low level, low paying jobs. The worst is yet to come.

This is what no recovery looks like. Fortunes have been made during this administration. Like it or not.

JMonroe · 08-24-2015, 10:23 AM

Let's steer away from politics please.

Thank you

raineman · 08-24-2015, 11:42 AM

Isn't this an RV site? Flag an Pago, your facts are accurate, however people, or should I say puppets, no longer care about facts. Let's get back to talking about RVs and why we love them.

pagosajoe · 08-24-2015, 12:25 PM

Quote:

Originally Posted by raineman

Let's get back to talking about RVs and why we love them.

Which is not the subject of this thread...

arcaidy · 08-24-2015, 02:03 PM

I'm not putting much thought in to it at this point and plan on riding it out. I'll continue my normal investing and hope I'm buying as much at the bottom as possible.
The fed is out of bullets and the national debt doubled in 6 years. Something had to give. It'll fix itself or crash to ground. A fix works out in my favor if I hold and buy, a crash screws us all.

abarkl · 08-24-2015, 02:16 PM

We need another war.

NOT!

TLGPE · 08-24-2015, 02:45 PM

"on the verge of collapse?"

Of course it is! It always is; it's just a matter of timing................

Tom

Ray,IN · 08-24-2015, 07:37 PM

Don't worry, be happy! Remember that? It fits this weeks financial news, since there is absolutely nothing you can do to rectify the situation.

slickest1 · 08-24-2015, 08:34 PM

With the Canadian Dollar dropping like it is it makes it harder to cross the border. That is how it affects this Rver!!

Trwolff · 08-24-2015, 08:45 PM

Being retired, I follow all this way too closely! When all is said and done, we were overdue for a market correction. Stocks had recovered way too quickly (20.1% average per year) and were a bit overpriced. However, if you look at charts over the past several decades, you'll see ups and downs, but the overall trend has been up. Keep in mind you haven't lost a dime until you sell and lock in your loss!

mycoolbeans · 08-24-2015, 08:55 PM

This might be a clue. I have attended approximately 8 FMCA international conferences. I know that at some of these there were upwards of 4500 to 5500 coaches in attendance and many vendors selling various accessories for motorhomes. At the recent FMCA International in Madison, Wisconsin only 1300 coaches showed up. Plus, the selection of vendors dealing with motorhome equipment, accessories was way down. Camping World, a usual vendor that was often located right in the middle of all the exhibitors wasn't there. It certainly didn't feel like the good ole days.

Skeetobite · 08-25-2015, 05:00 AM

I own an employment website. Over the past 16 years the site has been a reasonably accurate indicator of what lies about 6 months ahead for the economy based on hiring practices nationwide. We are down approximately 20% year to date. Even with adjusting for seasonal fluctuations, we haven't seen numbers like these since 2008 - 2009. In fact, it's about 3% more unfavorable compared to that period.

Hoping it is wrong, but a review of the past performance compared to the economy at any given time over the past 16 years demonstrates reasonably accurate forecasts.

Now, if I could just prove the concept and sell those metrics 6 months in advance, we would all make a fortune - ha ha.

baraff · 08-25-2015, 06:21 AM

Personally, I'd like to see the love affair with all things China come to an end. Maybe some good will come out of this. CHINA IS NOT OUR FRIEND! There is way too much dependence on global economies these days. Wall Street needs to scale it back.
China has a lot of growing up to do before it can be a true player IMO.