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Originally posted by St Udio
i suspect the market will react negativly to the GDP lack of growth report just released...
can only spell a triple digit loss on the DOW today [typical reactionary impulses] my guess at closing is ~10,358.86 (or even lower)
Final calls and real-time rankings are posted each trading date at 1:00pm ET.
Originally posted by xxshadowfaxx
Everyone is still talking about doom n gloom here?! I haven't been on ATS in a week so I haven't heard anything. But, I was able to live my life without any fear and didn't even think about the economy. I don't think its going to crash anytime soon. Work for people here (in canada) is getting busier and busier, especially in construction. Everything has improved dramatically in the last couple of years, so I'm gonna have to say the economy is on the rebound. I don't get where all this doom and gloom is coming from.
Work for people here (in canada) is getting busier and busier, especially in construction
Work for people here (in canada) is getting busier and busier
Everything has improved dramatically in the last couple of years
I don't think its going to crash anytime soon.
Companies that outsource critical components are more likely to fail, according to a new study conducted by Lyda Bigelow, business-strategy professor in the University of Utah’s David Eccles School of Business.
More often than not, in a rush to bolster their bottom line, companies neglect to take into account the costs associated with poor quality, delivery delays and price increases by suppliers and instead focus solely on production costs.
TER: How long does a hyperinflation environment typically last?
JW: I guess it depends on how comfortable people can be in the environment. It went on for a couple of years in Zimbabwe, but they were able to function. Here, in a system that can't function well with it, it's not going to last too long. You won't have a usable currency. It's likely a barter system would evolve, and if it became stable and functioned well, it could last for a while. People don't want to starve. If that's a real risk, they will take action to protect themselves. We may have rioting in the streets. The government might declare martial law. If people can live comfortably with hyperinflation it would tend to linger. The more difficult things are, the faster people will move to remedy it.
TER: Well on that note is there anything that we can do as voting citizens to turn this around? Or minimize the impact?
JW: If things break slowly enough that people can see what's coming and respond, tremendous change may result from what comes out of elections. Incumbents are going to have a rough time. The circumstance is open for the development of a major third party that could knock out either the Republicans or the Democrats as a second party. Over time, pocketbook issues tend to dominate elections. If things are going well, if people are prosperous, they ignore the corruption in political circles as being just part of the system. But when they're hurting, they turn out the bastards and look to put in some change. We sure need change. I can tell you that. It's not just one party. Both major parties have an equal share of guilt in what's unfolding. . .whichever one is in power keeps making it worse.
TER: Not very happy thoughts, John, but we appreciate your insights and look forward to talking with you again as we move through these trying times.
Walter J. "John" Williams, is a Baby Boomer who has been a private consulting economist and a specialist in government economic reporting for more than 25 years, working with individuals and Fortune 500 companies alike.
Originally posted by Rockpuck
reply to post by Vitchilo
I had thought Clinton had a year of Surplus in there? Anyways..