George Will speaks out on the economy.

Dank ...

You are correct on the stocks. There are plenty of safe stocks that go up and down in cycles. I had some friends who used to make 20% consistantly on their money via investing/selling Continental Airlines. They would buy it at the low, sell it when it rose 20%, then wait for the low again. Kind of like a money machine.

Vi

Oh, the guys who bought & sold the Continental Airlines stock used to turn it over every few months, not years. I guess some stocks are very volitile like that. I'm not a stock investor, so I'm only relating what I've been told.

Vi

they go up, they go down, any genious can figure that out, and yes you should buy low and sell high, talking about it is easy, try doing it, put your money where your mouth is and get back to me in a couple a years! I'm sure I'm not the only dumb fuck who lost money in the market, those pros. are shrewd. Just when you think you should dump, the damn thing falls below your buying price over night. I dealt on the Nasdaq, A very volatile market. the risks are higher but so are the rewards if you hit it right. I never could project the future well enough to pick the winners! I don't think luck plays a very big part in it!

Even jackasses know that the stock market goes up and it comes down. The genius is in knowing WHEN.

Vi

medicinaluseonly, I lost a great deal in the stock market, I was following the trend as everyone else was by investing heavy in the Tech Sector, (too many eggs in one basket if you will) A lot of the rest of the market survived that crash. Now the same thing is going to happen because too many people are investing in energy stocks, and the bottom will drop out. The smart people would get out now.

But what I was saying as far as the Liquor stocks was that I made enough to seriously invest in the stock market in 2 years. I started out with $2,000 in Bud stock and then parlayed that over to Seagrams stock and back to Bud and back to Seagrams again. I made $14,000 from that, and in 14 months I had turned that into $125,000. When the stock market crashed, I lost $80,000 in one day and whatched the rest dwindle in 3 years.

If I had the money to invest right now, I'd do the Liquor Stocks again, it's a relitively safe bet as far as stocks go and it makes very good gains.

If my CHina thing ever jells, I,ll send you a PM and let you know the Symbol, you might want to keep a couple a grand lying around. I know the guys that invented the product and it is eventually going to go big, This a fact, it's just a matter of time.. It's in trials now and going very well, I don't know if I can get you in on the IPO but soon after for sure. If China Rolls with it, Mexico and most of S. America will follow suit, In the USA the big oil co.s have been fighting it so it might not be here for years, but eventually when the rest of the world gets on to it, it will be here also, through environmental pressure! Stay tuned!

ViRedd said:

Prosperity amid the gloom
By George Will

Recently Bill Clinton, at the British Labor Party's annual conference, delivered what the Times of London described as a "relaxed, almost rambling" and "easy anecdotal" speech to an enthralled audience of leftists eager for evidence of American disappointments. Never a connoisseur of understatement, Clinton said America is "now outsourcing college-education jobs to India."

But Clinton-as-Cassandra should not persuade college students to abandon their quest for diplomas: The unemployment rate among college graduates is 2 percent .

Clinton is always a leading indicator of "progressive" fashions in rhetoric. And every election year — meaning every other year — brings an epidemic of dubious economic analysis, as members of the party out of power discern lead linings on silver clouds.

"Worst economy since Herbert Hoover," John Kerry said in 2004, while that year's growth (3.9 percent) was adding to America's gross domestic product the equivalent of the GDP of Taiwan (the 19th-largest economy). Nancy Pelosi vows that if Democrats capture Congress they will "jump-start our economy." A "jump-start " is administered to a stalled vehicle. But since the Bush tax cuts went into effect in 2003, the economy's growth rate (3.5 percent) has been better than the average for the 1980s (3.1) and 1990s (3.3). Today's unemployment rate (4.6 percent) is lower than the average for the 1990s (5. — lower, in fact, than the average for the past 40 years (6.0). Some stall.

Economic hypochondria, a derangement associated with affluence, is a byproduct of the welfare state: An entitlement mentality gives Americans a low pain threshold — witness their recurring hysteria about nominal rather than real gasoline prices — and a sense of being entitled to economic dynamism without the frictions and "creative destruction" that must accompany dynamism. Economic hypochondria is also bred by news media that consider the phrase "good news" an oxymoron, even as the U.S. economy, which has performed better than any other major industrial economy since 2001, drives the Dow to record highs.

The Jack No. 2 well, in deep water 170 miles southwest of New Orleans, recently discovered a field with perhaps 15 billion barrels of oil — a 50 percent increase in proven U.S. reserves. This news triggered a gusher of journalistic gloom: More oil means more woe — a reprieve for that enemy of humanity, the internal combustion engine, and more global warming, more air pollution, more highway fatalities, more suburban sprawl. E SCRIPTION TO INFLUENTIAL NEWSLETTER



The recent 20 percent decline of the cost of a barrel of oil, from a nominal record of $78.40 (which, adjusting for inflation, was well below the 1980 peak of $92 in 2006 dollars), has produced an 81-cent decline in the average cost of a gallon of regular gasoline in 70 days. For consumers, that is akin to a tax cut of more than $81 billion.

President Bush's tax cuts were supposed to cause a cataract of red ink. In fiscal 2006, however, federal revenue as a share of GDP was 18.4 percent, slightly above the post-1962 average of 18.2. And the federal budget deficit was $247.7 billion, just 1.9 percent of the $13.1 trillion GDP. That is below the average for the 1970s (2.1), 1980s (3.0) and 1990s (2.2).

It is said that employee compensation has been stagnant. But to tickle that bad news from the statistics you must treat "compensation" as a synonym for wages and then ignore the effect of taxation on individuals' well-being.

Kevin Hassett and Aparna Mathur of the American Enterprise Institute, writing in National Review, say annual wage growth since 2000 has been 0.6 percent, but the annual increase in real hourly compensation, including benefits — and if you do not include them, why are they called benefits ? — has been 1.3 percent. And taxes — particularly those paid by middle-class families with children — have declined substantially.

Furthermore, as Hassett and Mathur write, consumers, by modifying their behavior, protect or enhance their well-being in ways not captured in economic statistics. For example, an American who, prompted by higher energy prices, traded in a Hummer for a Prius has served his or her standard of living. "If I ate 80 apples last year, and the price of apples increased this year to a million dollars, my welfare would not go way down; I would just switch to oranges," the authors write.
Finally, today's widening income disparities will be partly self-correcting. Granted, income statistics show the increasing disadvantages of persons with education deficits. But that is the market saying — shouting, really — "Stay in school!" Over time the voice of the market is rational, credible and therefore a potent instrument for changing behavior.

Click to expand...

George Will is so prophetic

You just replied to a SIX YEAR OLD THREAD!!!

What is with the stereotype that people who don't approve of Obama's job performance must be either rich or neo-con?
Is our country really that fucked up?