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  1. #1 Wholesale prices soar in June; sales are sluggish 
    Senior Member LogansPapa's Avatar
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    AP / Tuesday July 15, 10:32 am ET
    By Martin Crutsinger, AP Economics Writer

    Soaring energy, food push inflation up at fastest in 27 years;weak autos pressure retail sales


    WASHINGTON (AP) -- The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel.

    The Labor Department reported that soaring costs for gasoline and food pushed inflation at the wholesale level up by a bigger-than-expected 1.8 percent in June, leaving inflation rising over the past year at the fastest pace in more than a quarter-century.

    Over the past 12 months, wholesale prices are up 9.2 percent, the largest year-over-year surge since June 1981, another period when soaring energy costs were giving the country inflation pains.

    http://biz.yahoo.com/ap/080715/economy.html?.v=11
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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    Senior Member Zeus's Avatar
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    Depression Is In Our Minds, Not Economy
    The paradoxical thing about today's economy is its strength. No kidding. Consider all the hand grenades lobbed at it. Higher oil prices. The housing implosion. Large layoffs in affected industries: autos, airlines, construction, mortgage banking. The "credit squeeze" triggered by losses on "subprime" mortgages. Despite all that, the economy hasn't collapsed. It's merely weakened. Output in the first quarter of 2008 actually was 2.5% higher than a year earlier.
    The 21st century. The age of Smart phones and Stupid people.

    It is said that branches draw their life from the vine. Each is separate yet all are one as they share one life giving stem . The Bible tells us we are called to a similar union in life, our lives with the life of God. We are incorporated into him; made sharers in his life. Apart from this union we can do nothing.
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    Quote Originally Posted by Zeus View Post
    With the weak dollar, foreign auto makers like BMW will be increasing their production of autos built in the US. BMW will be laying off workers in Germany. People are driving less and fewer people are dying on the highways. Got to look at the bright side. Things are nowhere near as bad as during the early 80's. Food prices were soaring, interest rates soaring, mortgage rates at 18%, the oil embargo, hostage crisis, high unemployment, etc, etc. Today, there are plenty of jobs; interest rates are low, the economy is chugging along in positive territory and our unemployment rate (5,5%) is to die for compared to EU countries like Germany.
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    Senior Member LogansPapa's Avatar
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    Yep - things are really good………………..for some.


    Lining Up For Free Dental Care

    LOVELAND, Colo., July 23, 2008(CBS) Going to the dentist can be a painful experience. But for many, the real pain comes when trying to pay for it. More than 100 million Americans don't have dental insurance. That's more than one-third of Americans. What can they do? CBS News correspondent Seth Doane found one answer, as part of his continuing series on The Other America.

    http://www.cbsnews.com/stories/2008/...e4288413.shtml
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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    LTC Member Odysseus's Avatar
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    Quote Originally Posted by LogansPapa View Post
    Yep - things are really good………………..for some.
    Lining Up For Free Dental Care
    LOVELAND, Colo., July 23, 2008(CBS) Going to the dentist can be a painful experience. But for many, the real pain comes when trying to pay for it. More than 100 million Americans don't have dental insurance. That's more than one-third of Americans. What can they do? CBS News correspondent Seth Doane found one answer, as part of his continuing series on The Other America.
    http://www.cbsnews.com/stories/2008/...e4288413.shtml
    And because some are hurting, everyone is? Got it. The glass isn't two-thirds full, it's one-third empty, and the solution du jour, socialized medicine, will simply break the glass.
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    Senior Member LogansPapa's Avatar
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    Quote Originally Posted by Odysseus View Post
    And because some are hurting, everyone is? Got it. The glass isn't two-thirds full, it's one-third empty, and the solution du jour, socialized medicine, will simply break the glass.
    Never said a word about ‘socialised medicine’. Nice try though. And quite good reflexes on the knee of yours, especially when it gets examined by the base doctor, Major. My point in posting this, for the clueless, is that at least one-third of Americans are busting their ass and not able to take care of their teeth. That’s all. Make of that what you will.
    At Coretta Scott King's funeral in early 2006, Ethel Kennedy, the widow of Robert Kennedy, leaned over to him and whispered, "The torch is being passed to you." "A chill went up my spine," Obama told an aide. (Newsweek)
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    HR Corporate Scum patriot45's Avatar
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    Quote Originally Posted by LogansPapa View Post
    Yep - things are really good………………..for some.


    Lining Up For Free Dental Care

    LOVELAND, Colo., July 23, 2008(CBS) Going to the dentist can be a painful experience. But for many, the real pain comes when trying to pay for it. More than 100 million Americans don't have dental insurance. That's more than one-third of Americans. What can they do? CBS News correspondent Seth Doane found one answer, as part of his continuing series on The Other America.

    http://www.cbsnews.com/stories/2008/...e4288413.shtml
    This is a funny post! Dental was never as high on the medical care list until the vain.. now. Wnen I was growing up, going to the dentist was not that high on the priority list.
    But today - most of my cabinet business is putting cabinets in dentist offices. Next time you are in one, look how many cabinets they have!:D
    I am an indicator that they are doing just fine, mainly with cosmetics, not medical necessities.
    I'd rather have eye care.

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    Administrator SaintLouieWoman's Avatar
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    Quote Originally Posted by lacarnut View Post
    With the weak dollar, foreign auto makers like BMW will be increasing their production of autos built in the US. BMW will be laying off workers in Germany. People are driving less and fewer people are dying on the highways. Got to look at the bright side. Things are nowhere near as bad as during the early 80's. Food prices were soaring, interest rates soaring, mortgage rates at 18%, the oil embargo, hostage crisis, high unemployment, etc, etc. Today, there are plenty of jobs; interest rates are low, the economy is chugging along in positive territory and our unemployment rate (5,5%) is to die for compared to EU countries like Germany.
    You're right on all these. The doom and gloomers are doing their best to torpedo our economy----til after the election. Then maybe the magic one will take credit if things turn around.

    Lacarnut, you missed your calling. You should have been in sales. We have to always keep that glass half full attitude to just keep going. :D
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    Senior Member Molon Labe's Avatar
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    Quote Originally Posted by SaintLouieWoman View Post
    You're right on all these. The doom and gloomers are doing their best to torpedo our economy----til after the election. Then maybe the magic one will take credit if things turn around.

    With millions of "invisible hands" working daily in thousands of different markets world wide...do you actually believe that some frank talk about unhealthy monetary policy and pointing out that the people making policy decisions don't have a clue as to the causes of inflation is going to affect world markets? You're putting alot of emphasis on speculations. That's only a fraction of the issue.

    Keeping a positive outlook is very healthy in the face of a setback....that's absolutely true...., but if the one's in charge keep smiling about it and giving themselves daily affirmations as the solutions to irresponsibility by both parties, then this economy will continue to falter.

    Obama won't solve any of this...and don't count on McCain to either. They are economic retards. Why...McCain couldn't even answer an economic question during one of the debate correctly and it was about an economic committee one of his own political advisors is on. Obama is just as bad and talks in soundbites and sees every economic problem in classic leftist class warfare rhetoric.
    Gun Control: The theory that a woman found dead in an alley, raped and strangled with her panty hose, is somehow morally superior to a woman explaining to police how her attacker got that fatal bullet wound - Unknown


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  10. #10  
    Senior Member Zeus's Avatar
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    Quote Originally Posted by Molon Labe View Post
    With millions of "invisible hands" working daily in thousands of different markets world wide...do you actually believe that some frank talk about unhealthy monetary policy and pointing out that the people making policy decisions don't have a clue as to the causes of inflation is going to affect world markets? You're putting alot of emphasis on speculations. That's only a fraction of the issue.

    Keeping a positive outlook is very healthy in the face of a setback....that's absolutely true...., but if the one's in charge keep smiling about it and giving themselves daily affirmations as the solutions to irresponsibility by both parties, then this economy will continue to falter.

    Obama won't solve any of this...and don't count on McCain to either. They are economic retards. Why...McCain couldn't even answer an economic question during one of the debate correctly and it was about an economic committee one of his own political advisors is on. Obama is just as bad and talks in soundbites and sees every economic problem in classic leftist class warfare rhetoric.
    Perception is reality. Prophecies of economic doom & gloom left unchecked do become self fullfilling. The vast majority of the Market is Passive investors just along for the ride in hopes of collecting some of the largesse. When they are bombarded daily through the media that the economy is going to hell in a handbasket you think they are going to continue the ride in the hopes those supposedly in the know are looking out for them or you suppose they going to look for difference transportation ?
    The 21st century. The age of Smart phones and Stupid people.

    It is said that branches draw their life from the vine. Each is separate yet all are one as they share one life giving stem . The Bible tells us we are called to a similar union in life, our lives with the life of God. We are incorporated into him; made sharers in his life. Apart from this union we can do nothing.
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