New Numbers From The Stock Market! We Are Going Down Again!!!!

[Ernst]

Market Tumble Puts Investors on Alert for Correction


http://online.wsj.com/article/SB10001424052748704823004576192663218220574.html

Unemployment way up again. Jobs disappearing once again!

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Looks like China is now starting a economic down turn and in turn the world looks to wait and see.

 

[newatit2010]

It's no problem a few 401k the stock broker lost of some bodies retirement plans. I feel the double dip might be coming.

 

[Ernst]

The worry is it looks like China is going into recession.

We are tethered to China's economy.

 

[a mongo frog]

is it true that we give china all our scrap metal then they sell it back to us ?

 

[Ernst]

I think we import our steel for the most part but China isn't the only source. Australia has Blue Scope Steel and they own their own steel production, spread over the world, as well as sell finished products and steel for products but yes the USA lost it's steel for the most part including it's manufacturing ability.

 

[a mongo frog]

I think we import our steel for the most part but China isn't the only source. Australia has Blue Scope Steel and they own their own steel production, spread over the world, as well as sell finished products and steel for products but yes the USA lost it's steel for the most part including it's manufacturing ability.

thanks. but what do u mean by production ability? do u mean like melting and making new steel?

 

[Ernst]

thanks. but what do u mean by production ability? do u mean like melting and making new steel?

As far as I understand it's cheaper to import than to manufacture so I mean we have lost that ability to manufacture because of profit interests.

 

[a mongo frog]

some people are sayin that selling out our steel was a bad deal, cuz of layoffs and crap steel comming from china. what do u think?

 

[secretweapon]

lol china is the one that puts all the shit into walmart.

 

[Ernst]

some people are sayin that selling out our steel was a bad deal, cuz of layoffs and crap steel comming from china. what do u think?

The rule is that manufacturing goes to where it is most profitable.
Basically that means where people are willing to work real cheep.

Profit driven economics doesn't consider the nations it profits from.
The only way to make things fair is to establish a world wide minimum wage and benefit package.

I'd think nuclear weapons would be used first.

 

[a mongo frog]

oh i get it. nice explanation. make alot of sense to me.

 

[Rob Roy]

Rearden Steel is the answer. Who is John Galt?

 

[SCARHOLE]

It's no problem a few 401k the stock broker lost of some bodies retirement plans. I feel the double dip might be coming.

I believe that the USA is in a Depression that started after 9-11 -01.
An it will prolly get much worse.

 

[secretweapon]

400 people have more wealth than 150,000,000 Americans. The money exists its just in the pockets of the uber rich.

 

[newatit2010]

As far as I understand it's cheaper to import than to manufacture so I mean we have lost that ability to manufacture because of profit interests.

Yes it is cheaper to import when the unions need $$$$ to work compared to cents for labor overseas. But don't blame the unions you need them. LMFAO

 

[newatit2010]

400 people have more wealth than 150,000,000 Americans. The money exists its just in the pockets of the uber rich.

Well maybe it is not the unions just them rich bastards.

If you take every thing the rich have and spread it out you will get about $50 what the fuck do you think you can buy??? Or does it really mader as long as you take the riches money???