The DOW managed to pass the 14000 mark recently. This is supposed to mean that the US economy is doing incredibly well.
There is work in education in California, which could be a sign of trickling down or not, I don't know.
My parents are doing fairly well. My brother and his wife are doing very well.
The LA Times says "Foreclosures in state hit record high". That's not good. The article goes on to predict recession.
I know quite a lot of people in the 30-40 year range living with their parents.
In Jan 2006 Exxon Mobil posted a record profit. How come I'm not seeing a huge increase in jobs in the oil industry?
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Originally posted by AThousandYoungThe record performance of the DOW and corporations like Exxon can be largely attributed to productivity gains and this is why you don't see the huge increase in jobs. Automation = gain in productivity which means you need less people to do the job. To get ahead in this economy you better make sure you are highly skilled. This may also explain the opportunities in education that you referred to.
The DOW managed to pass the 14000 mark recently. This is supposed to mean that the US economy is doing incredibly well.
There is work in education in California, which could be a sign of trickling down or not, I don't know.
My parents are doing fairly well. My brother and his wife are doing very well.
The LA Times says "Foreclosures in stat sted a record profit. How come I'm not seeing a huge increase in jobs in the oil industry?
The rise in foreclosures is simply due to people buying property at a price that is well over the value of that property and they've been doing so with Adjustable Rate Mortgages. Now when they try to refinance, to stave off the coming interest rate increase, they are finding that the bank won't refinance them because they're upside down as a result of having overpaid 3 years ago. I bet a lot of these people are the ones that end up in mom and dad's basement and it serves them right for trying to bite off more than they can chew.
Originally posted by UllrBetter be highly skilled or if you're going to be unskilled be an illegal Mexican 😕
The record performance of the DOW and corporations like Exxon can be largely attributed to productivity gains and this is why you don't see the huge increase in jobs. Automation = gain in productivity which means you need less people to do the job. To get ahead in this economy you better make sure you are highly skilled. This may also explain the opportuniti and dad's basement and it serves them right for trying to bite off more than they can chew.
I suppose that rent will become cheaper soon then? That would be nice.
Originally posted by PalynkaReally? I always wondered where those numbers came from.
The DOW reflects a (weighted) current and future (expected) performance of the 30 biggest companies in the US stock market.
If the economy is doing well then usually the 30 biggest companies are doing well (in average), but the opposite is not always true.
Housing market is vulnerable to a collapse due to people getting way to in debt with low initial interest rates which are now larger.
This risks consumer spending dropping as people lose their homes or struggle to make payments.
This causes recessionary influences. If oil goes higher it makes products more expensive causing even less consumer and commercial spending.
US stock markets are high due to bull market sentiments. If that sentiment ever changes...watch out!
Originally posted by PalynkaThank you. I just saw this thread and was getting ready to go off on using the stock market as the measuring stick for macroeconomic performance.
The DOW reflects a (weighted) current and future (expected) performance of the 30 biggest companies in the US stock market.
If the economy is doing well then usually the 30 biggest companies are doing well (in average), but the opposite is not always true.
Originally posted by PalynkaI like to dabble is just about everything, but right now my concern is just to maintain full time work anywhere I can get it. Since opportunity's in teaching and my education is in biochemistry I doubt I'll be doing much in economics except internet discussions and the occasional class or book maybe.
Why not? You seem to like talking about economics. Ever thought of getting more serious about it?
I play fantasy stocks too on http://www.wallstreetpros.com. I can't find when I started, but since I started I've lost a tiny percent. I started with 100k but now
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