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Dow Jones Index Value: 11,850.61
Thats a record people, the highest the US stock market has ever been in history. And the economy is in terrible shape, my foot.
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8 comments:
The economy IS in terrible shape. To keep up with inflation, unless you use government figures (which are a pack of lies), the stock market would have to be 30% higher to have KEPT UP with inflation, which is running at 4.5% if you use nice figures and 12% if you are a little on the extreme side. That coupled with staggering debt, record trade deficits, and a busting housing bubble makes for real trouble. It is only by the grace of God that we are still afloat. I know that I am going to get labeled as unpatriotic and as a ‘doom and gloomer’ for writing this but that is how I see it. One site that might interest you if you are at all interested in economics is www.kitco.com. Tell me what you think.
Daniel
As a side note, I also found your site in the World magazine and I enjoy it.
Daniel
Ok, Daniel, I went onto www.kitco.com but it was so distracting, everything popped up move back and forth...anyway, I didn't stay long enough to check it out.
Hey Daniel, thanks for dropping in.
If you don't use the government figures, then how do you measure the economy?
And if the government figures are wrong, might that mean they were wrong before?
Staggering debt: If we cease with the blasted federal spending, we will grow our way out of it. As it is, Bush has already increased the amount of money going twoards paying the debt off.
Trade Deficit: Welcome to the free market folks. They make stuff insanely cheap, so we buy it from them. We save money, they sell there product, everyone is happy. Aside from Oil, the trade deficit is not harmful.
Mercy, I agree with you on the site.
Mercy Now, I have to agree that. The site is kind of confusing, but I guess that I am interested in this kind of stuff so I stuck through it.
Palm Boy, you use unaltered figures and figures from privet economists as much as possible. Did you know that oil and food are not included in the data that is used to measure inflation?
And if the government figures are wrong, might that mean they were wrong before? I guess I don’t see what you mean by that.
I had not heard that Bush had allocated more money towards the debt, but I do know that he has been spending as much as ever. The Republicans are now as bad as the Democrats in this area. If you want a party that will try to get rid of the federal debt, you should check out the Constitution Party on their website at www.constitutionparty.com. I do hope that I’m wrong about this all, and if you could prove me wrong I would be most grateful. But our nation has turned its back on God and I believe that we will be judged. While China is fast catching up, we still have the most powerful and most technologically advanced military in the world. In light of that fact, I believe that we will be judged economically. After all, do we not have the blood of millions of aborted babies on our heads? Sin is rampant in our nation and is calling out for judgment. And all because the church has done nothing. Unless we get revival in the church very soon, I fear for the United States.
Daniel
Check out this clip from an article.
The general stock markets are setting-up for a peaking action and in some cases a blow-off top. Yahoo Finance reported, “The Dow’s flirtation with a new high made investors nervous, said Scott Merritt, a U.S. equity strategist for JP Morgan Asset Management. “It doesn’t make a difference from a fundamental standpoint; it’s psychology.” We agree as Dow 12,000 or 11,000 do not really matter. All the childish chatter on CNBC last week about a new Dow high is not even good entertainment. Technically from our point of view, the Dow has built a huge double top and is ready to sell hard. How far it goes down is up to the manipulations of the PPT (Plunge Protection Team). Ordinarily, we can calculate technical support prices but in this instance it’s a waste of our time. The PPT will keep it floundering above 10,000 for the election so why bother figuring the numbers. If the Dow Jones Industrial average were adjusted for inflation since 2000 it would be near 9350.
Daniel
"Palm Boy, you use unaltered figures and figures from privet economists as much as possible"
And private sources are unbiased? I don't think so.
I angry about the excessive federal spending, such as the farm bill, health care, and education system. But we are fighting a War, and this does take money.
The crys for a revival has been happening for decades, and I believe you just need to open your eyes and look around you.
I'll give it some thought. Anyway, I’ll probably not be able to comment on this article anymore because I’m in a big debate with that lady called beepbeep over the deity of Jesus Christ and things like that. I don’t know why I’m doing it because she’s not going to listen to any of my reasoning. Maybe someone else will come on and it will bring them to Christ. I don’t know.
Regardless, you really should check out the Constitution Party, especially in light of the upcoming elections. They’re everything that the Republicans used to be and more.
Daniel
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