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Joined: Sep 2002
Posts: 11,738
Campfire Outfitter
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Campfire Outfitter
Joined: Sep 2002
Posts: 11,738 |
I think a decent "spark" might come from the election.
Like I said, that sort of spark will happen regardless of who wins. The question is how fast will it happen. It has already started. Will it remain this relatively slow pace until after the election or will industry see the writing on the wall and start moving in, say, August? I'm starting to think the latter. Much as they would like to hold off until December, I don't think they have the guts, and will blink before the election. August, September, somewhere in there. But if not, Dec/January
Save an elk, shoot a cow.
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
I'm thinking we will see a pronounced and steady improvement in the economy over the next eight months.
Just today the Dow tested 13,000. This is a good time to be fully invested, notice I did not say "become fully invested". At these levels we are in dollar cost average territory.
There will be corrections before the markets top out at new all time highs. I would view any correction in the 8-10% range as a buying opportunity.
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Mar 2004
Posts: 7,126
Campfire Tracker
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Campfire Tracker
Joined: Mar 2004
Posts: 7,126 |
Like the British Empire and then the Soviet Union before - there will start to be a military exodus whereby troops will come home and foreign bases will be closed at an ever accelerating rate.
Defense will become less about the projection of influence around the world - and more about actually defending American soil from domestic threats..
Military spending will increase for special ops and drones - but we'll see far less in the way of foreign troop deployment.
If military spending goes from exceeding the next 17 countries combined, to perhaps only outspending the next two or three combined - economic prosperity will return.
Sometimes an outside perspective can be very accurate, being able to see all the develpments without the hope/denial. We already don't want to pay for our empire, but we still want to be partisan fans.
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
I do not subscribe to Federal Reserve conspiracy theories, as many here do.
In my opinion a strong central bank is essential to the economic well-being of any First World country.
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Jun 2002
Posts: 131,565
Campfire Sage
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Campfire Sage
Joined: Jun 2002
Posts: 131,565 |
I do not subscribe to Federal Reserve conspiracy theories, as many here do.
In my opinion a strong central bank is essential to the economic well-being of any First World country.
Then you fundamentally misunderstand the nature of free markets.
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Joined: Feb 2001
Posts: 24,239
Campfire Ranger
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Campfire Ranger
Joined: Feb 2001
Posts: 24,239 |
Short question,..
If America doesn't pull out of its spending/debt situation, what's the prognosis?
By that, I mean, what will happen, in your opinion?
I can see the crash coming,...and as far as the monetary situation is concerned, that's easy enough to envision.
But there's several scenarios which a person can interpolate upon concerning the post crash circumstances.
I'll tell ya straight up,...I have no idea.
I may or may not post again in this thread,..we'll see how it goes.
I just want to see what others have to say on the matter.
I'll be sitting here reading. The government will get bigger and more intrusive.And people will welcome it.
Never holler whoa or look back in a tight place
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Joined: Nov 2009
Posts: 10,364
Campfire Outfitter
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Campfire Outfitter
Joined: Nov 2009
Posts: 10,364 |
I do not subscribe to Federal Reserve conspiracy theories, as many here do.
In my opinion a strong central bank is essential to the economic well-being of any First World country.
Then you fundamentally misunderstand the nature of free markets. Then you fundamentally misunderstand the nature of free markets.
www.paracay.comIt's better to live rich than die rich. Live simply so that I may simply live large.
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Joined: Feb 2001
Posts: 24,239
Campfire Ranger
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Campfire Ranger
Joined: Feb 2001
Posts: 24,239 |
Nun chucks and neck gaiters........ Quite a pair!
Never holler whoa or look back in a tight place
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Joined: Feb 2004
Posts: 19,170
Campfire Ranger
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Campfire Ranger
Joined: Feb 2004
Posts: 19,170 |
How about this from MSNBC http://money.msn.com/family-money/americas-coming-homeless-surge-fiscaltimes.aspxThis will give you all a warm fuzzy feeling about our future. Consider the source and judge for yourself. kwg America's coming homeless surgeIn the current downturn, federal assistance has helped avert a spike in homelessness, but that tap is now running dry. .Get ready for the next big financial bubble: the growth of the U. S. homeless population. The biggest recent assistance for the homeless came in President Barack Obama's 2009 stimulus package. The measure provided $1.5 billion to the Homeless Prevention and Rapid Re-Housing Program, temporarily aiding homeless and near-homeless households. According to a report issued in January by the National Alliance to End Homelessness, the program has helped more than one million impoverished people find housing, but it is set to end this fall. "The resources provided by (the program) have run out in many communities . . . . Debt and deficit at the federal level have already begun to shrink assistance available to the most vulnerable," according to the report. "The failure to sustain this early recipe for success threatens to undermine progress now and in the future." . A separate report released in September by the same organization noted that the ranks of the nation's homeless could swell by 5% over the ensuing three years if no similar programs replace the program. The view from the street Veda Simpson, a former methadone addict, was homeless for 10 years, living in shelters, crack houses and what she dubbed "abandominiums" in public housing complexes. Then last year, thanks to a federal housing voucher, she moved into an apartment in the North Capitol area of Washington, D.C. "I used to go in the kitchen and fit my body up under the sink in the cabinet -- you have to adjust your body to get up under there -- and I used to have to sleep in there so security wouldn't find me," Simpson told the Fiscal Times. "I slept in there for about six months, and it was rough." Simpson, a vendor for StreetSense, a daily newspaper about the homeless, is one of thousands of people who have managed to get off the streets and into housing in recent years, despite one of the worst recessions in modern history, according to experts and homeless advocates. Now Simpson lives in subsidized housing with her eight cats, and she says she is two months away from earning certification as a veterinary technician through an online program. "It's really hard being homeless," she said. "I don't see nobody who wants to continue like that. They're trying to better themselves." Despite the tough times, there are glimmers of good news, though. The NAEH report found a slight decrease in the overall number of people living on the street from 2009 to 2011: The ranks of the nation's homeless fell by 1%, or about 7,000 people. Across the country, 636,017 people were identified as homeless in 2011, compared with 643,067 in 2009, according to the departments of Housing and Urban Development, Justice, Labor, Commerce and Health and Human Services. With the visibility of homeless people and panhandlers on street corners of downtown areas in many cities, it's hard to imagine that the problem of homelessness is actually waning. The NAEH study cautions that the plight of the homeless is likely to grow more acute because of low-paying jobs, high housing costs and the loss of emergency federal assistance
For liberals and anarchists, power and control is opium, selling envy is the fastest and easiest way to get it. TRR. American conservative. Never trust a white liberal. Malcom X Current NRA member.
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Joined: Oct 2002
Posts: 96,121
Campfire Oracle
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Campfire Oracle
Joined: Oct 2002
Posts: 96,121 |
"Dear Lord, save me from Your followers"
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Joined: Jan 2006
Posts: 19,813
Campfire Ranger
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Campfire Ranger
Joined: Jan 2006
Posts: 19,813 |
Far too little to care.
Not directed at anyone.
"Be sure you're right. Then go ahead." Fess Parker as Davy Crockett
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