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Finance & Stock Groups Forum Index » Stock Investments » Please Explain .. "No Jobs Recovery"
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| -=DirtBagİ |
 Posted: Thu Jul 30, 2009 6:21 am |
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Is that an oxymoron? or what would a jobless recovery be like?
What do Mr. and Mrs. Middle America do for work and who would feed the
vultures on Wall St. in a jobless recovery? Would the government keep
giving it all away?
Empty Houses? ( I think they ought to give all the vacant houses away
in a big lottery where you buy a ticket for $1000 or nothing if your
poor.. and if your number gets picked you have a new house.. Make it so
anyone can get in on this lottery..
Even the rich get a shot at it and what the hell donate the house and
get a huge right off on their taxes..
WE have to Get this train on the tracks and fired up again before it is
too late. Housing market needs for us to get rid of the overhang
inventory and get this thing moving.. OH JOBS..
Hum Yea I forgot... We need Jobs.. Don't we.. OR do we? I hear about
this jobless recovery and I wonder who steering this ship.. and what
have they been smoking... |
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| phil scott |
| Posted: Thu Jul 30, 2009 6:21 am |
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On Jul 29, 7:21 pm, -=DirtBagİ <D...@ymail.net> wrote:
Quote: Is that an oxymoron? or what would a jobless recovery be like?
What do Mr. and Mrs. Middle America do for work and who would feed the
vultures on Wall St. in a jobless recovery? Would the government keep
giving it all away?
Empty Houses? ( I think they ought to give all the vacant houses away
in a big lottery where you buy a ticket for $1000 or nothing if your
poor.. and if your number gets picked you have a new house.. Make it so
anyone can get in on this lottery..
there is an issue with property even its free property...and that is
property
taxes and insurance etc...but ppty taxes for sure. In calif that can
be easily 3 to 500 dollars
a month or more... many people dont even have half that in disposable
income
per month... and all this as california for instance is estimated to
90billion in the hole by christmass
and as the tax base is nose diving at 3 to 5 percent per month.
the states ONLY source of
addubg significant revenue will be higher sales and ppty taxes..... as
it gets impossible for many
to find jobs...
this mess imho is hitting the fan at warp speed... with not just no
new jobs...but nationally still loosing
jobs at 500,000 to 600,000 per month..
Quote:
Even the rich get a shot at it and what the hell donate the house and
get a huge right off on their taxes..
WE have to Get this train on the tracks and fired up again before it is
too late. Housing market needs for us to get rid of the overhang
inventory and get this thing moving.. OH JOBS..
Jobs wont happen unfortunately until the US is competitive in world
markets with the
third world, china and india primarilty.... but that wont happen as
long as the real tax rate is well
over 70% on the middle class..say earning only 50k... sounds high with
state tax at only 10% and federal at 15%
....thats only 25%,,, right. Now add 8% SS contribution, 10 pct sales
tax,,,that takes you to 40 to 45% (food has no'
sales tax) ...now add gas tax, property tax,bridge tolls, and
depending on what your income is that adds another 20 to 30%..
for instance say yer house in Marin is a shack and is appraised at
only 500k... thats 5 to 8k a year in ppty tax...and if your gross
income is say
50k (many gross in the negative these days, but lets say you gross
50k) that 5 to 8k ppty tax is another 10 to 15% !!
it gets over 70% fast.... history shows a net tax rate over 37%
marks the turning point of a cultures viability...they collapse after
that.
so.... one might say...why havent sweden and norway etc collapsed with
a tax rate in the 80% range? they give much of money back to
the citizens in for form of free health care, and good pensions for
every one., 3 months to a year off (paid) to take care of newborns,
and no
borrowing or printing funny money to pay for bogus wars.
In the US, aside from this nasty ass real tax rate, there are hidden
taxes... such as the USD devaluing at warp speed despite state side
spiin to
the contrary...Opec has devalued our dollar by 200% to 300% over the
last 4 years by means of demanding more funny money in exchange for
oil etc.
that devaluation is added to the real tax rate. Our real tax rate,
given the fact of our national debt going out the roof (a net tax on
the citizens) may well be over 90%...even over 100% if you consider
the trillions each year the US in going into debt...
Quote: Hum Yea I forgot... We need Jobs.. Don't we.. OR do we? I hear about
this jobless recovery and I wonder who steering this ship.. and what
have they been smoking...
Unfortunately Obama has little choice but to keep it floating on the
same sea of crap
he inherited..... historically thats not recoverable.... if anyone
wants a projection on any of this and
how long the boat floats, and what happens next...history provides
many examples.
its a very short fuse at this stage.... offsetting history you might
say, is the nations actually spectacular
build up infrastructure, automated farming, ability to reduce foreign
oil purchase to zero almost instantly
by moving to natural gas to fuel cars and trucks.... so even if we
crashed to 'zero' it would look a bit like
a gold rush by 1930's depression standards.......... thats real hope
imo.
but it will still be nasty, a lot of currently well off folks wont
be...and a lot of middle class folks will
be eating a lot beans. The days of 2 SUV' in every dopers
driveway........ are over.
imo
Phil scott |
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| Uncle_vito |
| Posted: Thu Jul 30, 2009 7:27 am |
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Some folks think the consumer is needed to bring about recovery. They look
at 'consumer confidence' reports. This is bunk. Very low CC correlation
with stocks.
If you believe the American Consumer is needed then buy large caps and
emerging market stocks. European, Chinese, Brazilian folks are not as
fickle as Americans are. They are free spenders. Buy emerging market and
skip US small caps for this reason. US large caps sell heavily overseas.
They will be money makers.
US companies are lean and mean from layoffs. They will wait to the very
last minute before hiring. They will put their employees on triple overtime
before they hire new.
Bottom line: US Consumer is NOT needed for a recovery. Of course, the
recovery will NOT include consumer goods such as houses and cars but SO
WHAT!
Some folks think inflation will be out of control. Watch the CPI numbers
that come out every month. Look for inflation. If you see it then go into
commodities. Copper, Oil, Gold, Silver. I perfer copper, oil, silver
because they have industrial uses.
Recovery with no jobs.
Vito
"-=DirtBagİ" <Dirt@ymail.net> wrote in message
news:4a7103c9$0$1596$742ec2ed@news.sonic.net...
Quote: Is that an oxymoron? or what would a jobless recovery be like?
What do Mr. and Mrs. Middle America do for work and who would feed the
vultures on Wall St. in a jobless recovery? Would the government keep
giving it all away?
Empty Houses? ( I think they ought to give all the vacant houses away in
a big lottery where you buy a ticket for $1000 or nothing if your poor..
and if your number gets picked you have a new house.. Make it so anyone
can get in on this lottery..
Even the rich get a shot at it and what the hell donate the house and get
a huge right off on their taxes..
WE have to Get this train on the tracks and fired up again before it is
too late. Housing market needs for us to get rid of the overhang
inventory and get this thing moving.. OH JOBS..
Hum Yea I forgot... We need Jobs.. Don't we.. OR do we? I hear about this
jobless recovery and I wonder who steering this ship.. and what have they
been smoking... |
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| Tony |
| Posted: Thu Jul 30, 2009 7:45 am |
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Guest
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Up in CanaDUH the bank of CanaDUH pronounced that the rescession is over. I
figure it will actually end in 2013 and the recession in America will end
in 2012.
-=DirtBagİ wrote:
Quote: Is that an oxymoron? or what would a jobless recovery be like?
What do Mr. and Mrs. Middle America do for work and who would feed the
vultures on Wall St. in a jobless recovery? Would the government keep
giving it all away?
Empty Houses? ( I think they ought to give all the vacant houses away
in a big lottery where you buy a ticket for $1000 or nothing if your
poor.. and if your number gets picked you have a new house.. Make it so
anyone can get in on this lottery..
Even the rich get a shot at it and what the hell donate the house and
get a huge right off on their taxes..
WE have to Get this train on the tracks and fired up again before it is
too late. Housing market needs for us to get rid of the overhang
inventory and get this thing moving.. OH JOBS..
Hum Yea I forgot... We need Jobs.. Don't we.. OR do we? I hear about
this jobless recovery and I wonder who steering this ship.. and what
have they been smoking...
--
The Grandmaster of the CyberFROG
Come get your ticket to CyberFROG city
Nay, Art thou decideth playeth ye simpleton games. *Some* of us know proper
manners
Very few. I used to take calls from *rank* noobs,
Hamster isn't a newsreader it's a mistake!
El-Gonzo Jackson FROGS both me and Chuckcar
Master Juba was a black man imitating a white man imitating a black man
Using my technical prowess and computer abilities to answer questions
beyond the realm of understandability
Regards Tony... Making usenet better for everyone everyday |
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