so sad that many people are unprepared....and that my friends is a big problem.
The Economy to Fail, Recovery is a Scam! , page 1
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Topic started on 20-10-2009 @ 01:54 PM by liveandletlive
Have you noticed how news about the U.S. economy is presented? Here are a few examples of the U.S. recovery .
"The disappointing housing data overshadowed strong earnings reports from Apple Inc., Caterpillar Inc., health insurer UnitedHealth Group Inc. and drugmaker Pfizer Inc."
finance.yahoo.com...
So going by the headline you would think housing is down but the good news is that other sectors of the economy are doing well. But you have to look a little deeper!
Apple- Investors are anticipating more growth for the iPhone as the company is due to start to selling the product in China on October 30.
uk.news.yahoo.com...
Caterpillar- Caterpillar reports 53 pct decline in 3rd-qtr profit on slumping sales, lifts profit outlook. Caterpillar has responded by dramatically cutting production and laying off thousands of workers. Since spotting signs of a recession last year, the company has cut 16 percent of its work force, which now stands at just above 94,000.
Analysts say renewed demand from developing countries such as China and Brazil, a weaker dollar that makes the company's products less expensive in overseas markets and rising commodity prices could brighten Caterpillar's prospects next year.
finance.yahoo.com...
Drugmaker Pfizer's 3Q profit jumps 26 percent on cost cuts; more expected with Wyeth deal done. The $68 billion acquisition of Wyeth last Thursday cements Pfizer's position atop the industry, and the combined company is expected to eliminate nearly 20,000 jobs by the time integration is complete.
finance.yahoo.com...
These companies are not increasing sales in the U.S. They are improving their companies by laying off U.S. workers and expanding their market shares overseas! Lets look at some other companies in the U.S.
Troubled domestic automakers see downsizing as main answer to sagging sales.
"By the end of this decade, the goal is three profitable companies. But they would be "smaller companies," McAlinden predicted, "much smaller."
www.automedia.com...#
MILWAUKEE (AP) --Coca-Cola said unit case volume for soda fell 5 percent in North America in the quarter, while volume of still beverages, including teas and juices, was even.
Sales rose in emerging markets including India, China and Brazil. Total international case volume rose 4 percent, which includes 37 percent growth in India and 15 percent in China, where the company has announced a $2 billion investment, along with its bottlers, in the next three years.
finance.yahoo.com...
Home Depot Inc. reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the results disappointing in comparison with those of smaller rival Lowe's Cos. Inc.
www.financialpost.com...
Retailers are faring particularly poorly. As a group, retailers are down 1.6%.
October 14, 2009 7:57 AM EDT
CKE Restaurants, Inc. (NYSE: CKR) announced September same-store sales. September same-sales were down 3.3% compared to a 2008 increase of 1.2%. Same-store sales were also down 3.1% year-to-date (YTD)
October 9, 2009 4:06 PM EDT
Tuesday Morning Corporation (Nasdaq: TUES) reports Q1 sales of $165.9 million, down 4.3% from the $173.4 million reported in the same quarter last year. Same store sales came in at down 5.8%, comprised of a 1.7% decrease in traffic and a 4.1% decrease in average ticket.
October 8, 2009 8:18 AM EDT
Dillard's, Inc. (NYSE: DDS) reports total sales for the month of September were $519.26 million, down 9% from the same period last year. Same store sales fell 6%.
October 8, 2009 8:07 AM EDT
Gap Inc. (NYSE: GPS) reports total sales for the month of September were $1.33 billion, down 1% from the sameBL period last year. Same store sales fell 1%.
October 8, 2009 7:45 AM EDT
Stein Mart, Inc. (Nasdaq: SMRT) reported for the five weeks ended in September 2009 a decrease of 9% in total sales, and 5.4% decrease in comparable store sales. The third quarter ended September 2009 saw a 10.5% decrease in total sales, and 6.9% decrease in comparable store sales.
October 8, 2009 7:41 AM EDT
American Apparel, Inc. (AMEX: APP) announced that September 2009 comparable store sales decreased 15%. Q3 store sales ended September 2009 also decreased 16% compared to the same quarter 2008.
Some Sectors are on the increase. Is that good news or bad news?
Retail gasoline prices moved higher for the seventh straight day.
Applications for home building permits, a gauge of future construction, fell in September by the largest amount in five months. -- a discouraging sign for the housing industry.
[size=4] So we are a consumer society who's economy is based on consumption. If we are at record unemployment and it is set to get higher with more layoffs planned and companies looking to overseas markets to improve their bottom line, who is going to be doing the consuming, government workers? [/size]
finance.yahoo.com...
"Wake Up Washington! China Is Already Dumping the Dollar, Niall Ferguson Says"
"The Dollar Is Dying a Slow Death, Says Niall 'Ascent of Money' Ferguson"
"Niall Ferguson: U.S. Empire in Decline, on Collision Course with China"
[edit on 20-10-2009 by liveandletlive]
[edit on 20-10-2009 by liveandletlive]
"The disappointing housing data overshadowed strong earnings reports from Apple Inc., Caterpillar Inc., health insurer UnitedHealth Group Inc. and drugmaker Pfizer Inc."
finance.yahoo.com...
So going by the headline you would think housing is down but the good news is that other sectors of the economy are doing well. But you have to look a little deeper!
Apple- Investors are anticipating more growth for the iPhone as the company is due to start to selling the product in China on October 30.
uk.news.yahoo.com...
Caterpillar- Caterpillar reports 53 pct decline in 3rd-qtr profit on slumping sales, lifts profit outlook. Caterpillar has responded by dramatically cutting production and laying off thousands of workers. Since spotting signs of a recession last year, the company has cut 16 percent of its work force, which now stands at just above 94,000.
Analysts say renewed demand from developing countries such as China and Brazil, a weaker dollar that makes the company's products less expensive in overseas markets and rising commodity prices could brighten Caterpillar's prospects next year.
finance.yahoo.com...
Drugmaker Pfizer's 3Q profit jumps 26 percent on cost cuts; more expected with Wyeth deal done. The $68 billion acquisition of Wyeth last Thursday cements Pfizer's position atop the industry, and the combined company is expected to eliminate nearly 20,000 jobs by the time integration is complete.
finance.yahoo.com...
These companies are not increasing sales in the U.S. They are improving their companies by laying off U.S. workers and expanding their market shares overseas! Lets look at some other companies in the U.S.
Troubled domestic automakers see downsizing as main answer to sagging sales.
"By the end of this decade, the goal is three profitable companies. But they would be "smaller companies," McAlinden predicted, "much smaller."
www.automedia.com...#
MILWAUKEE (AP) --Coca-Cola said unit case volume for soda fell 5 percent in North America in the quarter, while volume of still beverages, including teas and juices, was even.
Sales rose in emerging markets including India, China and Brazil. Total international case volume rose 4 percent, which includes 37 percent growth in India and 15 percent in China, where the company has announced a $2 billion investment, along with its bottlers, in the next three years.
finance.yahoo.com...
Home Depot Inc. reported higher-than-expected quarterly earnings as massive cost cuts offset weak sales, but its shares fell as investors found the results disappointing in comparison with those of smaller rival Lowe's Cos. Inc.
www.financialpost.com...
Retailers are faring particularly poorly. As a group, retailers are down 1.6%.
October 14, 2009 7:57 AM EDT
CKE Restaurants, Inc. (NYSE: CKR) announced September same-store sales. September same-sales were down 3.3% compared to a 2008 increase of 1.2%. Same-store sales were also down 3.1% year-to-date (YTD)
October 9, 2009 4:06 PM EDT
Tuesday Morning Corporation (Nasdaq: TUES) reports Q1 sales of $165.9 million, down 4.3% from the $173.4 million reported in the same quarter last year. Same store sales came in at down 5.8%, comprised of a 1.7% decrease in traffic and a 4.1% decrease in average ticket.
October 8, 2009 8:18 AM EDT
Dillard's, Inc. (NYSE: DDS) reports total sales for the month of September were $519.26 million, down 9% from the same period last year. Same store sales fell 6%.
October 8, 2009 8:07 AM EDT
Gap Inc. (NYSE: GPS) reports total sales for the month of September were $1.33 billion, down 1% from the sameBL period last year. Same store sales fell 1%.
October 8, 2009 7:45 AM EDT
Stein Mart, Inc. (Nasdaq: SMRT) reported for the five weeks ended in September 2009 a decrease of 9% in total sales, and 5.4% decrease in comparable store sales. The third quarter ended September 2009 saw a 10.5% decrease in total sales, and 6.9% decrease in comparable store sales.
October 8, 2009 7:41 AM EDT
American Apparel, Inc. (AMEX: APP) announced that September 2009 comparable store sales decreased 15%. Q3 store sales ended September 2009 also decreased 16% compared to the same quarter 2008.
Some Sectors are on the increase. Is that good news or bad news?
Retail gasoline prices moved higher for the seventh straight day.
Applications for home building permits, a gauge of future construction, fell in September by the largest amount in five months. -- a discouraging sign for the housing industry.
[size=4] So we are a consumer society who's economy is based on consumption. If we are at record unemployment and it is set to get higher with more layoffs planned and companies looking to overseas markets to improve their bottom line, who is going to be doing the consuming, government workers? [/size]
finance.yahoo.com...
"Wake Up Washington! China Is Already Dumping the Dollar, Niall Ferguson Says"
"The Dollar Is Dying a Slow Death, Says Niall 'Ascent of Money' Ferguson"
"Niall Ferguson: U.S. Empire in Decline, on Collision Course with China"
[edit on 20-10-2009 by liveandletlive]
[edit on 20-10-2009 by liveandletlive]
reply posted on 20-10-2009 @ 02:15 PM by poedxsoldiervet
reply to post by liveandletlive
OP thanks for pointing this out, earlier in the month I made a point to mention that things diddnt look kosher and that normally our cycles go like this, Unemployment high, no jobs, stock market down, economy bad... But this time it looks different and its confusing and scary.
OP thanks for pointing this out, earlier in the month I made a point to mention that things diddnt look kosher and that normally our cycles go like this, Unemployment high, no jobs, stock market down, economy bad... But this time it looks different and its confusing and scary.
reply posted on 20-10-2009 @ 02:20 PM by marg6043
reply to post by liveandletlive
In the US is no laws regulating how profits are to be posted by companies in the US, they can use numbers of their over sea investments as part of their overall gains.
This is very deceiving and gives a false sense of economic recovery in the US when in actuality their profits are oversea.
In the US is no laws regulating how profits are to be posted by companies in the US, they can use numbers of their over sea investments as part of their overall gains.
This is very deceiving and gives a false sense of economic recovery in the US when in actuality their profits are oversea.
reply posted on 20-10-2009 @ 02:26 PM by liveandletlive
reply to post by marg6043
Exactly, and thats what they are doing in combination with "cutting costs". You can increase profits quickly by lowering overhead, ie your employees and associated costs related to employees. Its a big shot in the arm if your numbers are down! You lower workers comp, general liability, health care, employee related taxes ect.
Exactly, and thats what they are doing in combination with "cutting costs". You can increase profits quickly by lowering overhead, ie your employees and associated costs related to employees. Its a big shot in the arm if your numbers are down! You lower workers comp, general liability, health care, employee related taxes ect.
reply posted on 20-10-2009 @ 03:13 PM by marg6043
reply to post by St Udio
You are right, but with the increasing unemployment and the masses losing their economic support from credit and loans more and more of the masses are finding their hands with nothing to do anymore, their big screen TVs are getting repossessed, truts me they are going to find somebody to blame.
[edit on 20-10-2009 by marg6043]
You are right, but with the increasing unemployment and the masses losing their economic support from credit and loans more and more of the masses are finding their hands with nothing to do anymore, their big screen TVs are getting repossessed, truts me they are going to find somebody to blame.
[edit on 20-10-2009 by marg6043]
reply posted on 20-10-2009 @ 03:35 PM by liveandletlive
reply to post by St Udio
It seems to me they are robbing this country blind. The banks that is. If you notice, most if not all large companies are investing in China. Guess that tells us what they are expecting.
It seems to me they are robbing this country blind. The banks that is. If you notice, most if not all large companies are investing in China. Guess that tells us what they are expecting.
reply posted on 20-10-2009 @ 03:41 PM by liveandletlive
reply to post by skepticantiseptic
I would need to find the source that I read from not to long ago. You remember that recently there was a report about the money managers selling their personal investment shares. I agree that there are some short term moves. But i expect this will draw in investors who dont realize these guys will pull out just as quick as they got in! Besides, If someone is buying, whos selling?
I would need to find the source that I read from not to long ago. You remember that recently there was a report about the money managers selling their personal investment shares. I agree that there are some short term moves. But i expect this will draw in investors who dont realize these guys will pull out just as quick as they got in! Besides, If someone is buying, whos selling?
reply posted on 20-10-2009 @ 04:07 PM by liveandletlive
reply to post by SaturnFX
I used to think that the economy could only go up and down. I believed that the U.S. was "too big to fail". Im sure most average people think the same way. The problem is history!
www.kwaves.com...
Its the fact that no fiat system has ever suvived coupled with the fact that it would be the U.S. dollar that would fail that scares me. Other currencies would keep going and the world wouldnt "end". Just our world! The U.S. has had a nice run. A lot of people in this country are to young to remember that we are capable of suffering. Just because we havent done it lately doesnt mean we wont.
[edit on 20-10-2009 by liveandletlive]
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[edit on 20/10/09 by DontTreadOnMe]
I used to think that the economy could only go up and down. I believed that the U.S. was "too big to fail". Im sure most average people think the same way. The problem is history!
In a fiat monetary system, there is no restrain on the amount of money that can be created. This allows unlimited credit creation. Initially, a rapid growth in the availability of credit is often mistaken for economic growth, as spending and business profits grow and frequently there is a rapid growth in equity prices. In the long run, however, the economy tends to suffer much more by the following contraction than it gained from the expansion in credit. This expansion in credit can be seen in the Debt/GDP ratio.
In most cases, a fiat monetary system comes into existence as a result of excessive public debt. When the government is unable to repay all its debt in gold or silver, the temptation to remove physical backing rather than to default becomes irresistible. This was the case in 18th century France during the Law scheme, as well as in the 70s in the US, when Nixon removed the last link between the dollar and gold which is still in effect today.
Hyper-inflation is the terminal stage of any fiat currency. In hyper-inflation, money looses most of its value practically overnight. Hyper-inflation is often the result of increasing regular inflation to the point where all confidence in money is lost. In a fiat monetary system, the value of money is based on confidence, and once that confidence is gone, money irreversibly becomes worthless, regardless of its scarcity. Gold has replaced every fiat currency for the past 3000 years.
www.kwaves.com...
Its the fact that no fiat system has ever suvived coupled with the fact that it would be the U.S. dollar that would fail that scares me. Other currencies would keep going and the world wouldnt "end". Just our world! The U.S. has had a nice run. A lot of people in this country are to young to remember that we are capable of suffering. Just because we havent done it lately doesnt mean we wont.
[edit on 20-10-2009 by liveandletlive]
Mod Edit: to apply external quote code, please review this link
Mod Edit: Posting work written by others, please review this link
[edit on 20/10/09 by DontTreadOnMe]
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