Mat wrote:there you go thinking I am attempting to debate vs just giving my opinion. I know everything must be confrontational to you so enjoy.
TreatRothschild wrote:Mat wrote:there you go thinking I am attempting to debate vs just giving my opinion. I know everything must be confrontational to you so enjoy.
I don't think Glau is being purposely obtuse, Mat. This is a debate topic so, expressing an opinion will garner answers.
Jenny1919 wrote:I will give you a bold prediction.. Stock Market bubble will burst
Glaucon wrote:But you mean... this year? 2014?
Glaucon wrote:My guess is: not this year. Economic indicators are positive in the USA, corporate profits rising. Sure, stock prices are high, so they may take a dive at some point, but I don't think it will be one of those free-fall 'everyone panic' ones.
Twitter for example.. Lost 65million dollars.. Last quarter Alone yet their stock price rose..
Others are still cutting employment.. Heck the unemployment rate is still well over 15-20% You cannot say the 7% or whatever is being published. That is people still 'looking' yet unemployed.. This number does not account for the millions that simply gave up looking and arent looking anymore..
Retail Sales are down over 3.1% from the previous year... Housing mortgage applications are at a 13 year low.. I dont see how its possible the stock market is up 143% since 2008..
If corportate profits are up why is unemployment not drastically improving is taken forever to get the fake number down to 7.8% or whatever its at..
Glaucon wrote:Company A (as in Apple) makes phones. They design a nifty new phone. And order all the parts from China, on the cheap, where they are made in factories that have nets hanging below the upper windows and roof, to stop employees from killing themselves. Profit (and shares) up, but no jobs at home.
Company B is really innovative. It creates a really good online shop where people can shop for shoes. All of that is done from one facility in the country. It's profits go up, as department stores and specialist shoe-shops around the country lay people off and close doors.
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