Our "Tanking" Economy...

[rcecale]

Kinda surprised I have seen much posted about this today.
Let's hear it from all you Bush-bashers....all together now... "It's Bush's Fault!!!"



Randy

[turbo6bar]

So if the market and economy tanks in 3rd quarter 06, we can blame Bush right? Just want to get the facts straight, ya know.

[andrew15]

Not too difficult to bash this one I'm afraid.

The idea that it's back to 11k means a holder of the index / diamonds basically made nothing over the last 5 yrs. I don't care if it's Clintons or Bushs fault, 0% return just isn't great.

In essence, if you bought the index this morning and held until close, you would have done better than someone holding it for the last 5 yrs straight. Performance indeed!

AM

[andrew15]

Trust me, it drives me nuts as I have some US stocks and I'm getting killed on the FX rate vs the Canadian dollar.
AM

[JeremyD]

2006 is going to be a big year for the market. Watch - Investors are getting a little jittery with RE - watch some of that money migrate to the market.

[turbo6bar]

andrew15, whatcha doin' in US stocks? Fidelity Canada has been kicking major arse the past 3 years, although it may be running out of steam???

Blue cab guy, I recently saw a graph of housing appreciation, and appreciation rates began skyrocketing in late 2000. Coincidence? I think not.

[JeremyD]

Originally posted by turbo6bar
Blue cab guy, I recently saw a graph of housing appreciation, and appreciation rates began skyrocketing in late 2000. Coincidence? I think not.

Not in a perception based economy. BTW - I'm the guy that looked over your car for you many moons ago.

[andrew15]

Canada's been roaring based on it's Oil / Energy resources in Alberta. Being in Calgary, I know all about it Why US? Well, you gotta diversify!

AM

[turbo6bar]

Originally posted by JeremyD
Not in a perception based economy. BTW - I'm the guy that looked over your car for you many moons ago.

Yep, remember ya. Is Arbisi giving his red targa a good time?

The white SC is still going strong. I have the urge for longhood, though. I can't seem to find a good buy at a not-so-stratospheric price. If the perfect hotrod longhood does not present, I may try a 964 for giggles.
regards,
jurgen

[rich]

Here's your Bush...

































A mulberry bush

[Mulhollanddose]

[dd74]

Originally posted by andrew15
Not too difficult to bash this one I'm afraid.

0% return just isn't great.

Better than a negative return.

[JeremyD]

Originally posted by turbo6bar
Yep, remember ya. Is Arbisi giving his red targa a good time?

The white SC is still going strong. I have the urge for longhood, though. I can't seem to find a good buy at a not-so-stratospheric price. If the perfect hotrod longhood does not present, I may try a 964 for giggles.
regards,
jurgen

He sold it - same money that he bought it for. He's now driving a minivan and a Ducati.

I'd backdate that Euro SC.

[competentone]

I'm neither a Bush-supporter nor a basher, but I will say that trying to put cause or blame on any one person for the status of the economy is to really not understand the economy.

Yes, an administration can have policies that generally help the economy -- for example, the lowered capital gains taxes have given the economy a tremendous boost -- but such policies cannot become law without the general support of citizens and their elected representatives.

Even when positive (or negative) economic laws are enacted, the massive complexity of the marketplace can mean that other, unrelated events, can offset the political action. A perfect example of this is the constant inflating of the money supply (negative factor) practiced by the Federal Reserve -- causing constant inflation -- being offset, in part, by advances in technology working to lesson the felt impact at the cash register.

The size and complexity of the economy means that no one person -- no matter how much public focus may be on him/her -- really has very much influence. It takes the concerted effort of many people to help or harm the economy.

[vash]

is there a graph illustrating the amount of money the US is borrowing from foreign investors?

[rich]

if we owe them enough money they won't mess with us for fear of default. Don't sweat the small stuff. There not going to come over and beat us up for it.


I like my bush.

[vash]

there is BETTER bush.

[legion]

Originally posted by rich
if we owe them enough money they won't mess with us for fear of default. Don't sweat the small stuff. There not going to come over and beat us up for it.

What's the saying?

If you owe $1,000 and can't pay, you have a problem.

If you owe $1,000,000 and can't pay, the bank has a problem.

It's kinda like the relationship between most state governments and the tobacco industry. The states sued and won. Now they have a vested interest in keeping the tobacco industry going to collect their money...