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[SPOOKYTOOTH]

....the Dollar Going down, down, DOWN!! Cost of Electric and Propane Increasing, Drought growing worse in the Southeast, Growing unemployment,Foreclosures Forever, the Housing Market Blues, Increasing Inflation,  and the Stock Market in roller coaster overdrive.....what does it all mean for America and ...You.   

[christfollower]

....the Dollar Going down, down, DOWN!! Cost of Electric and Propane Increasing, Drought growing worse in the Southeast, Growing unemployment,Foreclosures Forever, the Housing Market Blues, Increasing Inflation,  and the Stock Market in roller coaster overdrive.....what does it all mean for America and ...You.   

I dont really know what it means for all of America, but as for me being a car salesman it sure means there is going to be some hard times ahead. Chrysler is laying off a buch of people to. I think were in trouble for a while.

[SPOOKYTOOTH]

I dont really know what it means for all of America, but as for me being a car salesman it sure means there is going to be some hard times ahead. Chrysler is laying off a buch of people to. I think were in trouble for a while.

......a "while" could be an open ended statement....depending upon one's insight.

[Theguy4321]

The greenback is losing value because it's now cheaper to borrow.  That's what happens when you lower interest rates.
It's actually quite simple to understand; reduce the "cost" of borrowing money and you'll reduce the "value" of the money.

Gold is a finite resource, so when there are more dollars in existence, it takes more to trade it for an ounce of gold.
Oil is similar; but it's different based on the risks involved as well as demand... but that's a whole 'nother topic.

I don't think doomsday is upon us, just yet..

[Chips]

The greenback is losing value because it's now cheaper to borrow.  That's what happens when you lower interest rates.
It's actually quite simple to understand; reduce the "cost" of borrowing money and you'll reduce the "value" of the money.

Gold is a finite resource, so when there are more dollars in existence, it takes more to trade it for an ounce of gold.
Oil is similar; but it's different based on the risks involved as well as demand... but that's a whole 'nother topic.

I don't think doomsday is upon us, just yet..

I hope you are right, but another 6 months will tell.

[pdog]

Oil is going up because oil prices are pegged to the dollar you do not see gas at the pump going up because supply is adequate at least for now. The dollar weakening is not a bad thing as long as inflation is in check. The housing and credit markets have not yet affected the general economy.

[Prophet of Doom]

the worst is yet to come. Just wait until the oct forcloseure numbers are announced. banks are close to failing at an almost record pace. the Fed keeps pumping money into the market to stop the appearance of bank failures from panicking the average americian. Michigan is already close to a depression, and the rest of the us is sliding towards recession at a very rapid pace.
 Yeah, it's not going to get any better in the near future.

[Flanders]

Reality Check.. the sky is not falling

Payrolls Grow by Strong 166,000 in Oct. By JEANNINE AVERSA 11.02.07, 11:25 AM ET


WASHINGTON - Employers boosted payrolls by a surprisingly strong 166,000 in October, the most in five months, an encouraging sign that the nation's employment climate is holding up relatively well against the strains of a housing collapse and credit crunch.

The Labor Department's report, released Friday, also showed that the unemployment rate held steady at 4.7 percent for the second month in a row. It's a figure that is considered low by historical standards.

Job gains were logged for professional and business services, education and health care, leisure and hospitality, and for the government. Those employment increases more than offset jobs losses in manufacturing, construction and retail - casualties of the problems plaguing the housing market.

The latest report on employment conditions around the country was better than economists were anticipating. Economists were forecasting payrolls to grow in October by about half the pace seen - around 80,000. They did correctly predict the unemployment rate would be unchanged.

"Businesses have not clammed up on the hiring scene as some feared," said Ken Mayland, president of ClearView Economics. "The wheels aren't coming off the economy."

[lordfly]

October is the beginning of the holiday season. Most of those jobs will be shed come January.

[Flanders]

Associated Press
Payrolls in October Grew by 166,000
By JEANNINE AVERSA

WASHINGTON -
Employers added twice as many new jobs to their ranks than expected in October, an encouraging sign that the nation's employment climate is not cracking under the stress of a deepening housing slump.

The Labor Department reported Friday that the nation's payrolls grew by a net 166,000, the most in five months. The unemployment rate didn't budge at 4.7 percent, a figure considered low by historical standards.

Job gains were logged at schools, hospitals, bars and restaurants, hotels and motels, temporary-help firms, legal services, accounting and bookkeeping companies, the government and other places.

Those hiring increases more than offset jobs losses at factories, construction companies and mortgage businesses - casualties of the meltdowns in the housing and credit markets. Retailers and trucking companies also shed jobs.

"Businesses have not clammed up on the hiring scene as some feared," said Ken Mayland, president of ClearView Economics. "The wheels aren't coming off the economy.

Like I said.... Reality Check. The increases of seasonal help will not show up until next report.  Check the facts before running around screaming how bad things are.

[Brian Beneteau]

Gold at $800 per ounce (actual close at $808.50) is in response to the weak US Dollar. The Euro closed at an all time high, at $1.4527, compared to the dollar.

 "The metal's powerful surge is reflective of growing apprehensions that something, somewhere in the global financial system might go awry, despite interest rate maneuvers designed to keep things going," said Jon Nadler, an analyst at Kitco Bullion Traders. 

Gold is nearing an all time high close of $825.50 back in 1980, although the record high set on the same day was $875.00. Indications and analysts are predicting $1000.00 gold by years end. What will our dollar be worth if that happens? How long will it be before the US Dollar is gone and we are using the Euro?

[pdog]

Associated Press
Payrolls in October Grew by 166,000
By JEANNINE AVERSA

WASHINGTON -
Employers added twice as many new jobs to their ranks than expected in October, an encouraging sign that the nation's employment climate is not cracking under the stress of a deepening housing slump.

The Labor Department reported Friday that the nation's payrolls grew by a net 166,000, the most in five months. The unemployment rate didn't budge at 4.7 percent, a figure considered low by historical standards.

Job gains were logged at schools, hospitals, bars and restaurants, hotels and motels, temporary-help firms, legal services, accounting and bookkeeping companies, the government and other places.

Those hiring increases more than offset jobs losses at factories, construction companies and mortgage businesses - casualties of the meltdowns in the housing and credit markets. Retailers and trucking companies also shed jobs.

"Businesses have not clammed up on the hiring scene as some feared," said Ken Mayland, president of ClearView Economics. "The wheels aren't coming off the economy.

Like I said.... Reality Check. The increases of seasonal help will not show up until next report.  Check the facts before running around screaming how bad things are.

Payroll #s are often adjusted up to 6 months out so the October #s will not be accurate till April 08. That is why stock markets and businesses do not react to labor stats as much as inflation CPI and GDP. If GDP goes down two Qrtrs in a row we are officially in arecession that is why you saw a big jump after GDP was 4.6% for 3rd qtr.

[SMASH]

Gold at $800 per ounce (actual close at $808.50) is in response to the weak US Dollar. The Euro closed at an all time high, at $1.4527, compared to the dollar.

 "The metal's powerful surge is reflective of growing apprehensions that something, somewhere in the global financial system might go awry, despite interest rate maneuvers designed to keep things going," said Jon Nadler, an analyst at Kitco Bullion Traders. 

Gold is nearing an all time high close of $825.50 back in 1980, although the record high set on the same day was $875.00. Indications and analysts are predicting $1000.00 gold by years end. What will our dollar be worth if that happens? How long will it be before the US Dollar is gone and we are using the Euro?

We won't use the Euro, we'll be using the Amero, once the NAU is firmly in place.
The collapse of the dollar could precipitate a quicker move to finalize the NAU?

The 1913 US Dollar is today only worth $.04 cents.

[pdog]

We should go back to the gold standard and throw all the crooks on their heads!!!!

[stevens_monroe]

working  as a U.A.W.memeber i have been laid off more then work this year.With Ford closing here in monroe then its gonna be the fast food worker,the health care worker(not everyone has health care)no health care no dr vist.