Yemen will be first to fall in attack on Iraq - Page 4

hermit22 · 10-10-2002, 03:05 PM

And the stock market isn't part of the economy? What are you missing here? Look at unemployment. Every day there are notices of job cuts, but job creation remains at an all time low. Besides that, the level of unemployment is not representative of the whole issue. Household income fell 2.2% in 2001. So people may be working, but they're working crap jobs and not getting paid what they're used to (note the Fortune article that says members of Gen X have already hit their peak income rate). The stock market is on a downward spiral - at this rate, the Dow will be below 7000 by election day. A decreasing stock market naturally leads to a lower level of business investment confidence, and from there, it is a short jump to a decrease in consumer confidence. And then the economy isn't in the shitter; it's flushed down the drain. Even conservative pundits generally don't try to say the economy isn't going bad, they just try to ignore it, avoid it, or change the topic to invading Iraq.

Then again, maybe my understanding of economics is flawed. Maybe my real-life experiences of knowing that 70% of my college graduating class is still unemployed. It's been known to happen before.

Undertoad · 10-10-2002, 03:13 PM

Quote:

Then again, maybe my understanding of economics is flawed.

(Nodding wildly)

jaguar · 10-10-2002, 04:21 PM

I don't think you can ignore the state of the stock market, it'll keep interest rates very low and could lead to a market ripe for poachers. At the same time i don't thik you can say the economcy is in the shitter, but it's not exactly booming either.

Cam · 10-10-2002, 04:28 PM

And the fact that it isn't booming is what's causing the problem. And low intrest rates are fine with me, I hope they stay that way until I have a job and can afford the down payment on a house.

10-10-2002, 03:05 PM	#46
hermit22 sleep. Join Date: Jan 2002 Location: So Cal. Posts: 257	And the stock market isn't part of the economy? What are you missing here? Look at unemployment. Every day there are notices of job cuts, but job creation remains at an all time low. Besides that, the level of unemployment is not representative of the whole issue. Household income fell 2.2% in 2001. So people may be working, but they're working crap jobs and not getting paid what they're used to (note the Fortune article that says members of Gen X have already hit their peak income rate). The stock market is on a downward spiral - at this rate, the Dow will be below 7000 by election day. A decreasing stock market naturally leads to a lower level of business investment confidence, and from there, it is a short jump to a decrease in consumer confidence. And then the economy isn't in the shitter; it's flushed down the drain. Even conservative pundits generally don't try to say the economy isn't going bad, they just try to ignore it, avoid it, or change the topic to invading Iraq. Then again, maybe my understanding of economics is flawed. Maybe my real-life experiences of knowing that 70% of my college graduating class is still unemployed. It's been known to happen before. __________________ blippety blah bluh blah blah

10-10-2002, 04:21 PM	#48
jaguar whig Join Date: Apr 2001 Posts: 5,075	I don't think you can ignore the state of the stock market, it'll keep interest rates very low and could lead to a market ripe for poachers. At the same time i don't thik you can say the economcy is in the shitter, but it's not exactly booming either. __________________ Good friends, good books and a sleepy conscience: this is the ideal life. - Twain

10-10-2002, 04:28 PM	#49
Cam dripping with ignorance Join Date: Oct 2002 Location: Grand Forks ND Posts: 642	And the fact that it isn't booming is what's causing the problem. And low intrest rates are fine with me, I hope they stay that way until I have a job and can afford the down payment on a house. __________________ After the seventh beer I generally try and stay away from the keyboard, I apologize for what happens when I fail.

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