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View Poll Results: How worried about the economy are you? Scale one to four.
One-- You mean, there's a recession? 12 14.63%
Two -- Looks like a recovery is coming. Relax 35 42.68%
Three -- I have a really bad feeling about the economy 32 39.02%
Four -- I am REALLY stressed about the economy 3 3.66%
Voters: 82. You may not vote on this poll

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Old 06-13-2009, 01:08 AM   #41
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Originally Posted by Oldbabe View Post
Tadpole, that is a brilliant assessment and exactly my thoughts as well with the addition of the plant CEO who decides that since the plant is still producing widgets decides to ask the VP of finance to put a positive spin on things so that the company can continue to finance as much debt as possible (to the Chinese) so they can continue selling widgets and making money until the plant blows up, hopefully after working hours so nobody gets hurt.
Yes, short term thinking on the part of all parties, government/politicians, industry, and US citizens alike is the shadow in the room that no one wants to address. Sigh, I don't see anyone wanting to go back to the good old days so I guess we just will have to win and lose until risk management or something catches up with out of control desire. Embedded in many of the problems we see today was a failure of accurate assessment of long term consequences. So I use the process control analogy to suggest short term re-examination of the variables. Shocks will still occur but maybe they can be reduced in both intensity and frequency.

So, now in crisis, we thrash in the dark, still seeking those short term wins and waiting to see what happens. Brave new world or reversion to a global mean?

Part of what I wonder is whether the investment in building tomorrow's markets out of today's third world countries using a model where those economies sell back to the US backassward. Should this investment be geared to sell more outside the US to those markets? Then I realize how US centric I tend to be and hope my views are wrong/clouded.

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Old 06-30-2009, 12:31 AM   #42
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I voted 2.5 also.

I feel like the biggest problem with our economy and everything is our whole political system with private donations for running for office. WAY too much conflict of interest and unwillingness to do the right things because you have to keep your 'base/people forking over the money' happy and so all the politicians consistently make suboptimal decisions to please different masters. The politician's master shouldn't be their donors, but the citizens in their district.

Also, the people who don't want to beg for money from all their friends, family, etc and sell their soul to be elected would probably be decent politicians.

Give everyone who wants to run for all offices state level and higher X thousand/million dollars in some graduated method depending on how far in the election process we are and ban private monetary donations....

Otherwise, he who makes the biggest believable promises wins...

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Old 07-01-2009, 05:34 AM   #43
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I would have voted 3, but it's closed. Until a few days ago I would have voted 2. Once cap and trade passed in the House and Franken took his Senate seat my out look took a dramatic down turn, but I don't stress over much. The wife is unable to continue working in her job, and most likely won't be able to find another one in the near future. Before cap and trade, we had the savings to take us into my next pay raise which would just cover everything. If my energy bills go up as high as expected, I can pretty much guarantee my savings won't won't last longer than a few months. I will walk from my house before I'm flat broke and start renting.
You don't want to work. You want to live like a king, but the big bad world don't owe you a thing. Get over it--The Eagles
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Old 07-10-2009, 09:05 PM   #44
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4 or 5 years ago I was a 4, but am only a 3 now. What amazes me is how close we came to meltdown (Oct 2008), have not changed anything, yet everybody in the States and Europe thinks throwing money (inflating assets) is going to do anything but postpone the day of reckoning till Dec 21,2012 (if the Mayans got it right).
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Old 07-11-2009, 11:32 AM   #45
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Here's the Economist forecast:

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