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so this is funny to me same news channel just got done talking about how lowest drop in american credit scores in last month than last 6 months combined, and still more forclosures in last month than last 6 months combined. SO on the home front bad bad for little people… yet the panel says stocks are up for major companies (cause of the stimulus) and this is a good sign and we will be out of the recession by years end. BIG smiles… Okay am I an alien or what to think these people are idiots….

To add the stocks that were up, were only up because of the money fed to them because of the stimulus, how does that show economic signs of improvement, am I missing something, when the solid facts are showing way worse… more homes lost lower credit scores… less spending…ummm hello
down to earth-smart comments

6 Thoughts on What do you think of this news of economic recovery?
  1. Reply
    Down to earth
    August 15, 2011 at 10:49 pm

    I know! Take them all with a grain of salt! No, things are not as bad as many portray and haven’t been. I remember when ARMs were over 20%! And unemployment was over 10. They tell you want they want you to hear in order to get you to do what they want. Stimulus package? Would it have passed if the predictions weren’t that the sky is falling? Probably not- especially with all the crazy stuff in there and in such a hurry , no one had a chance to read it. Unemployment is another interesting figure- winter has high unemployment due to seasonal businesses anyway- (construction, farming etc- all jobs with winter lay offs). So… we are manipulated by the slant on the news.

  2. Reply
    kickyoubutt
    August 15, 2011 at 11:28 pm

    It’s still bad now matter what the news says.

  3. Reply
    Stalin
    August 15, 2011 at 11:50 pm

    It could carry in the markets enough to have the numbers of trader we use to; at 1,680-1,830 using the 999 as a yardstick. I look forward to a little old school. It will hold the long term. Remember they tell single investors and individuals to get out at 2,500_or Dow 10,300.

  4. Reply
    jim s
    August 16, 2011 at 12:20 am

    Until and unless it recovers the 45% it lost, it’s only stabilized but still in the ICU.
    Could still “Code Blue” at any moment, and as far as the Hospital stay?
    Who knows.
    “Hey Doc, will I be able to play the piano when I get out of here?”
    “Sure, I don’t see why not.”
    “That’s funny, I never could before.”

  5. Reply
    You're Kidding... Right?
    August 16, 2011 at 12:54 am

    I don’t pay attention to the news. I watch it, but I know it’s propaganda. I especially don’t pay attention to the stock market. Want a tip? Wake up tomorrow, shower and get dressed, go to work, take a couple of breaks during the day to clear your mind, come home afterward and have dinner with your family, spend time with the people you love.

    No matter what happens this routine will keep you sane.

    There have been tons of recessions throughout history. There has been civil war. One thing remains constant: You don’t need to worry about things you don’t have influence over.

  6. Reply
    heartbeat
    August 16, 2011 at 1:24 am

    well i like the picture,” are you kidding” paints.personally i don’t want to turn a blind eye to world events especially when they are apt to greatly effect our ability and opportunity to do as,”are you kidding” visualizes.

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