Yes, I had the same brain flash; with your referenced example.
But the economy and the stock market price levels are clearly two different animals, in the same zoo.
Earnings based on revenue and actual sales nos. will be a much better indicator of the economic health of any country. Cost cutting, creative accounting, and the mirage of a mirror, etc., really aren't accurate gauges.
Here's one for all my Econ majors out there: When folks are earning money, they spend money. And when those who are earning money have access to addition credit, they spend even more. Their ability to pay back such credit much be sustained, by being gainfully employed and with cost of living wage increases at or above the gov. stated rate of inflation. AND the rate of inflation at the supermarket, and housing costs.
Your statement: "
1 out of 4 kids in this country go to bed hungry, the REAL poverty level is around 24%."
I do believe that is a ballpark correct number.
I know how very fortunate I am. I'm surprised at the cavalier attitude of many; what they take for granted, and expect to continue. Best to avoid a rude awakening by being prepared, objective, and always grateful.
Real Business. Your words, and I agree. I'm unemployed, as is my younger bro. We aren't unskilled, nor inefficient, nor lacking in social graces.
He has a BA/BS or whatever. I don't.
When 2 mid to upper 40 year old folks aren't hired, and can't find even a $11 per hour job; there is something very wrong in this eCONomy.
With a name like that, one must be accountable.
Garbage in or magic numbers equals garbage out.
I'm sure those folks have a handle on it, and every thing is IRS savvy.
and Tyler was wearing his "Cover Short" black rimmed eyeglasses. As if some didn't catch those tells, at these highs.
way less than my 281,000 call.
Dow, S&P Add 1%: Stocks Jump After Strong Jobs Report
Good news was finally good news for the stock market on Friday. Stocks jumped after the Labor Department said U.S. employers added 203,000 jobs last month, greater than the 180,000 economists had forecast.
No mystery to me; I've stated a few times that new ATH's appears to be the goal; not because things are peachy, but when perception is billed as reality, many take the bait.
I'm thinking 281,000 so that the test drive of taper talk can be shoved into overdrive. Of course, the number will be revised downward, with the ever handy excuse of blaming the weather, etc.
I'm delighted that you could be so generous with your children. I don't have the same ability to share, and even if I did, I might not have chosen the same route to owernship for my children.
We all have our lines in the sand, and our expectations.
The very best to you and yours, in this Holiday Season.
I'm interested in hearing Xt's side of your q also. I like CMG food also, but haven't been there for probably at least 18 mos., because I don't see them often in my travels, and I tend to eat at home, for a variety of reasons.
I don't think I've shopped at a Wegman's but I will when I see one, as I've had a few of their store line products before, and they were good.
That practice has been around in the House of Morgan since at least 1913.
Markets are self pricing and self sustaining.
I have a batch of homemade Chocolate Cookies that might impress you. They cost me X in ingredients, my time, my utilities, and my fantastic recipe. So, If I choose to give them to as a gift, you are one Fortunate Soul.
If I sold them on the open market, what price point would another determine they were worthy of paying for; based on their own wants/needs/desires/, and willing to pay at the checkout counter.
Example: I love a really good Fruitcake, as do a few of my siblings. It's one of those things that folks either really enjoy, or can't stand. Kinda like liver. That's a pass, for me.
To make my Grammy's recipe or my Mom's would be about $30 in ingredients for the 2 2lb. loaves they would make, and it was so good. And I might be underestimating the cost of just the ingredients.
There is a co. who makes what I'd call a rival to my Grammy and Mom's recipes.
My local grocer was selling that brand for $3.99 for a one lb. loaf just yesterday.
If both that co., and that grocer can make a profit on that item, at that price; I'd wanna own it.
Do you think there is any correlation between the doom and gloom on the retail sales, and the Possible taper?
If the jobs number tomorrow were acceptable to good; even newly employed folks would be out buying a present or 2, if only for themselves.
Ya can't have it both ways.
I had pretty much the same thoughts flash thru my brain today.
One can't eat gold, but it is that age old commodity that is barter worthy, and the money of kings; so to speak.
Let's review: I saw a report that US auto sales of the big 3 will do $370 Billion in sales in 2013. I don't believe that number or anything close to it; especially with 47 Million plus folks on food stamps and Millions of others who are unemployed and underemployed.
Very few can afford to purchase a new ride on $15 per hour wages, especially when that's a PT job, and even fewer who are earning $12 per hour or less can.
Housing prices are another sham; If I recall correctly, my folks bought their first house in 1965 for about $9,000 USD. Today, that same tiny old house is assessed at $160,300.
Did wages really leapfrog that much? To justify such an upward move in housing prices?
I don't think so.
Especially with the still near record low interest rates we have.
Are you watching BarbaraElla in the Excessive Machine scene, and feeling envious?
S&P is maybe a whole 20 pts. off ATH. Hardly a selloff, and it's been spread out over several days. Wake me up when it drops 200 pts in less than a week.
I almost choked on my coffee when I saw Rick cheerleading that number.
What a nasty reply. . Why not crawl back into that hole you seem to
I have a decent voice for backup singing; most never hear it. Sometimes I can do lead.
I love to laugh. Thanks much.
Detroit has been BK for years; only this year did the press and others finally throw in the towel; so to speak.
Papa Murphy's sent a card with an invite to a get together, but one should have $285k net worth or something like that to participate.
It's a great product, but why doesn't that co. take the risk on someone who can operate a company shop?
Business must be good, and folks with cash must find that chain to be profitable.
I've made an excellent pizza sauce on the stove 2 days ago, and also today.
Good pizza at an affordable price is difficult to produce; especially at home.
In some places, one can buy a fine steak for the same price as a large pizza.