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Valued Member
Canada
470 Posts |
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...despite all the QE by central banks, where is the inflation at? - the fed is purchasing inflation; 85 billion per month ..... lol where's the inflation - |
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Pillar of the Community
United States
3789 Posts |
It is amazing how many people have no idea what the purpose of QE was, and the amount of negative debbie downers.
First of all, the economy has greatly improved and continues to get better. The expansion is real and more people are getting to work, more products are being made, are being shipped by rail and truck or by marine/ocean traffic. It is interesting how those who have commented here have omitted these facts. You cannot deny this real recovery when you have the truckers have a great year and future looking forward. Not to mention the strength of railroads. ...
Second of all, the purpose of QE was to inflate. Guess what... QE was just right, it did not cause runaway inflation.
I hate to say this, but to me the gold and silver bugs sound like they are negative individuals who on PURPOSE want to see things crash so that they can feel good about having gold and silver go higher.
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Pillar of the Community
United States
561 Posts |
Now you are getting into my area of expertise yup7676. Why is it that you believe the transportation sector is booming?
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Bedrock of the Community
13014 Posts |
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You cannot deny this real recovery Actually yes you can, its stabilized nothing more. Unemployements down because people stopped getting counted, job growth is pathetic and thats cooking the numbers for the most favorite they can get away with that always get adjusted months later. Wall streets doing great thats about it. Everything else just stabilized, which is an improvement but far from a real recovery, more like just going where the current is taking you. That said PMs arent an answer and wouldnt solve anyones economic issues. |
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Valued Member
United States
410 Posts |
There is a big difference between economic recovery and unemployment. It is very possible to see the economy recover and still have a lot of people without jobs. Many of the jobs lost in the recession are not going to come back. Businesses found ways to function without those people and they aren't going to rehire them just to be nice. I've seen this with my own company. More business, more money, but fewer workers due to increased automation. We are hiring engineers and technicians not factory workers.
The USA middle class and working poor are getting squeezed. They have not seen the recovery that the upper class and business have seen. This is simply a fact of life and a continuation of a long term trend. Labor has been getting a smaller piece of the pie for a long time. Workers wages have not kept up with inflation since the 70's. So it is easy for these workers to feel like the economy has recovered if their life hasn't improved or they haven't found an equivalent job to the one they lost in the recession. That doesn't mean that they economy hasn't recovered. It is also important to remember that the recovery hasn't been uniform across all countries, states, and industries.
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Pillar of the Community
 Canada
1723 Posts |
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I hate to say this, but to me the gold and silver bugs sound like they are negative individuals who on PURPOSE want to see things crash so that they can feel good about having gold and silver go higher. Be careful when making accusations about someone intentions. This can easily be taken as a personal attack.  Me being a silver bug still DOES NOT mean I WISH for ANYTHING bad upon anyone! It has everything to do with trying to be better prepared for the future IF anything happened. History is a constant repeat so its safe to say that things will go sour again and gold and silver will rise again. Agreed that silver may not be as good to hold as gold but I there are many reasons to still hold it. Agreed there are other things to invest in. Agreed that it is important buy as low as possible so when the day comes you need to cash in on silver you maximize your investment and regain your purchasing power. You need to be smart about it, watch ask, and learn. That's where a lot of your advice you have put out there YUP is great... understanding where and when and why to be in and to be out. When there is doubt in the system...people still turn to gold and silver. Timeline = who knows, but I firmly believe that it is something that you should own. Not all in , but own Quote:
Inflation has been much less volatile since we moved off the gold standard. It should be more under control.... that was the point of coming off the system, but it is still there and always will be. Edited by samsnate
12/20/2013 2:01 pm
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Pillar of the Community
Canada
1723 Posts |
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The only problem with your statement is that silver has a very poor long term track record as a stable store of value Agreed... these number don't lie. But there ARE Tops and its at these tops or near where your store of value is regained. That's the point of a long term stacker. Play the game throughout and cash out when you're up. Quote:
Yet, I ask you, despite all the QE by central banks,,, where is the inflation at? There is always inflation. Always has and always will be. Regardless if you recognize it or not. When and where we see it is also a guessing game. Quote:
Second of all, the purpose of QE was to inflate. Guess what... QE was just right, it did not cause runaway inflation. Agreed they did it just right. It is doing what it needs to do for the short term but where is the guarantee that all the QE isn't going to bite us in the butt down the road based on the way the current system works? You guaranteeing it? Quote:
First of all, the economy has greatly improved and continues to get better It appears to have recovered greatly because everything isn't still going to S&%T. Like previously stated... it basically sideways with a few sectors that are up. Hey look Christmas is coming and stores are ordering stock to prepare... how do we get the product here? Hey, lets get a truck to bring it... Wow the trucking sector is up! RECOVERY! Next thing we know there are going to be cheers that retail is way up so everything must be just peachy..... Thanks Christmas for skewing those numbers. Not saying the transportation industry isn't slowly climbing, just saying that reports are hints of where we stand and are incomplete and do not take everything into consideration. Quote:
The USA middle class and working poor are getting squeezed. They have not seen the recovery that the upper class and business have seen. This is simply a fact of life and a continuation of a long term trend. Labor has been getting a smaller piece of the pie for a long time.......... It is also important to remember that the recovery hasn't been uniform across all countries, states, and industries.  Edited by samsnate
12/20/2013 1:44 pm
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Bedrock of the Community
13014 Posts |
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The USA middle class and working poor are getting squeezed. They have not seen the recovery that the upper class and business have seen. Which is what I personally use to judge how things are really going. The poor have the safety nets and the rich are so rich it just doesn't matter to them, but the middle class are a good measurement of how things are doing. They prosper or do well in good financial times, and are the first to suffer in bad ones. Obviously ideally you would like to see the poor moving out of the safety net class and moving up the class structure, but thats a whole different conversation. I get some jobs were fat being trimmed and others have been lost to robots and completely agree the days of unskilled labor being a career are over for us. But my issue is saying weve recovered, were certainly better than a couple years ago, but by no means are we back to a flourishing economy by measures other than the stock market. Dont get me wrong I'm all for the stock market doing well, but its strength compared to everything else is currently very misleading. The other measure I think is more of a true indicator of the economy is the employment rates for the age group getting out of school. In good times they can find jobs, right now though their unemployment rates are miserable. Theyre having to compete against people with 10-15 years experience for a job because the that group needs work too. In good times you dont see that. Its not about to collapse, and its better than it was but that really was a low bar to get over from what it got down too. Recovered is too strong of a word for right now, being nursed back to health is more how I would describe it. |
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Pillar of the Community
United States
3789 Posts |
The economy has improved, is getting strong and things are better.
From my perch, I been seeing all this for months and months now. It will continue to get stronger.
I LOVE seeing all the pessimism here. Just tells me this recovery is going to be grand. The Naysayers will either get quiet or grumble behind the scenes about how things are better but wont publicly acknowledge it lol
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Valued Member
United States
380 Posts |
Pessimism is completely different than stating the truth. Baseball is right, the Economy is still limping. From my perch in the real world, most people I know are struggling to get by.
In fact in my town in Colorado, there is no recovery as of yet. Wall Street is completely disconnected from these peoples lives.
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Pillar of the Community
Canada
1723 Posts |
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Pessimism is completely different than stating the truth. Baseball is right, the Economy is still limping. From my perch in the real world, most people I know are struggling to get by.
In fact in my town in Colorado, there is no recovery as of yet. Wall Street is completely disconnected from these peoples lives. Same thing here where I am... not much better. I've gone from being able to get by, save and not have too many worries to just getting by..... the reason... very little work in the construction sector. We've gone from turning down work to being lucky to get 10 months of work and that's how it has been. I've been laid off for a few months now. I got lucky because my wife works in the health industry and we had a baby at the beginning of the year so she went back to work and I'm at home with the wee one. Over the past 4 years not much has changed around here. Very hit and miss If I'm going to have work. So forgive me if I don't share your optimistic views that things are getting better yet. |
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Pillar of the Community
United States
561 Posts |
The transportation industry is the same way. I run a expedited fright company and know many other people in the industry as well. New regulations have artificially constricted supply which is helping to boost the revenues of the bigger companies but the real indicator of the health of the economy is freight volumes and I can tell you that there really isn't any more freight moving today than there was last year. I have read many forecasts that 2014 will see an uptick but I read those same reports leading up to 2013.
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Pillar of the Community
United Kingdom
616 Posts |
It is interesting listening to people because living in the DFW area I see tons of cranes in the sky and lots of help wanted ads in windows. So things here make it seem like the economy is good but I realize it is different in other areas of the country and for workers without high demand skills.
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Valued Member
Canada
470 Posts |
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Pillar of the Community
United States
5837 Posts |
Is true for few industries that has over abundance of work while other part still suffer, I work in the financial printing industry and are amazed at some of the information it gets printed.
The market will correct itself repeatedly, and hopefully we can talk about history again.
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Posted 12/20/2013 09:15 am
