4 new cryptocurrency launches to invest before 2023: orbeon (orbn Best
coins to buy today 29 october
-
If you are looking for d2t crypto news you've came to the right page. We
have 35 d2t crypto news like Best crypto to buy today 24 november, Daftar
coin b...
Thursday, November 4, 2010
Good News: Gridlock. Bad News: Gridlock
From CNN Money.
"Several financial experts said it's highly likely that federal spending geared toward getting the job market and housing market (the two biggest laggards in the economy) back on track will be a lot lower than the past two years.
That may mean the economy remains stagnant throughout next year because of a lack of stimulus and a focus on deficit cutting.
"Now is the time to face the music. There may be little growth without government intervention," said John Lekas, principal with Leader Capital Corp., an investment firm in Portland, Ore.
That doesn't sound very delightful. But one could argue that the midterm results are a sign that more Americans are willing to suffer through another tough year or two if it means that government gets smaller and the federal debt load and budget deficit come down."
...
"Lekas took it a step further. He thinks the best medicine for the economy is for the government to completely butt out and let the private sector sort out the mess.
"Free markets are absolutely necessary and healthy," he said. "It's not good for the economy in the short-term but we need to get through the foreclosures and find a bottom in the housing market before the economy and job market can truly improve."
Well--two more years of this crap and worse. Got enough supplies? Too late to get them now. Now we frugalites sit back and let the spendthrifts go crazy like last-minute grasshoppers scurrying around trying to get something together for this winter (both seasonal and economic). The buying time has come to an end and will return in about another 10-30 years.
Unless Obama gets re-elected in 2012, look for growth to start building from then on--time to start investing in earnest to make up for the losses from previous years, and to prepare for the next 20-30 years and/or retirement. Save, save, save while the saving is good and the buying will be bad. Let the grasshoppers spend!
Subscribe to:
Post Comments (Atom)
-
-
Ford Mustang Owners Association - A non-profit organization dedicated to the preservation, care, history and enjoyment of ALL model year Mustang, Shelby, Boss, Saleen, Roush, SVT Cobra, Mus...
-
Transformasi Drastis Kontestan Miss England - Mike Hussey is to miss Australia's tour of England and Ireland due to the premature birth of his fourth child. Miss England Semi Finalist Simran Gill is on...
-
adBrite CrunchBase - adbrite is the largest independent advertising exchange, focusing on display and video. adbrite first started taking advertising for external sites in 2003...
-
Scott Walker Scores Judicial Appointment for Out-of-State Political Supporter - As Wisconsin leads the nation in job loss, having shed jobs every month since his draconian budget was signed into law, Scott Walker is working hard to mak...
-
Earn Mentari Shared Ambition - Evening sky began to dim replaced during the night ends with all the decorations in space illuminate the earth Pieces of memories of the past of a failure ...
-
Last Word To Childhood - Ice-cold fear has slowly decreasedAs my bones have grown, my height increased.Though I shiver in snow of dreams, I shall neverFreeze again in a noonday ter...
-
Tahereh Saffarzadeh - Tahereh Saffarzadeh (Persian: طاهره صفارزاده , 1936 in Sirjan, Kerman Province, Iran – October 25, 2008 in Tehran, Iran) was an Iranian poet, writer, trans...
-
Islam in the Soviet Union - The Soviet Union was a state comprising fifteen communist republics which existed from 1922 until its dissolution into a series of separate nation states i...
0 comments:
Post a Comment