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It's the economy, stupid
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It's the economy, stupid

  #1 (permalink)
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It's the economy, stupid

Just a general thread and a poll that is meant to be very subjective. Is the economy improving, yes or no. Please vote and discuss.

Is the economy improving?

Total votes: 446
 


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  #3 (permalink)
Market Wizard
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Depends on your timeframe. It has been (slowly) improving for years, since the financial crisis. It's slipping a little bit now, which may be a trend or may be a blip.

Is it where anyone wants it to be? I would say no. But I did vote "Yes" in the poll, because slow improvement is still improvement. It really is a matter of perspective, one way or the other.

Bob.

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  #4 (permalink)
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my vote : yes

but that opinion is for the US
for EU the economy is not improving
for Israel it is also not improving.

question should have been more specific maybe, curious to read what others think..

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Trading Apprentice
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I agree with rleplae, the question has to be more specific. If we think globally, no... Europe, China and the emerging markets aren't doing well at all...

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The question was purposely vague and subjective.

Mike

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  #7 (permalink)
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I don't know about the economy (which is highly subjective and probably impossible to define) but my economy is definitely improving. I'm not some kind of millionaire or anything but it's getting better every year. This is because I'm self employed, work hard, provide good service to my customers and try to stay ahead of the competition. This is what I can control. I can't control what the central banks do, and don't care either.

I never believed the recent recession was all that bad. Parking lots at shopping malls and restaurants never stopped being full. People still bought crap they didn't need and watched bullshit tv shows. The economy is what you make it.

Someday, and that day may never come, I'll call upon you to do a service for me.
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I view money management (personal, not trade) as a vehicle's performance is measured: power to weight ratio.

A Yamaha R1 might only have 180 horsepower, like a Honda Civic does, but it weighs only 450 pounds, vs the Civic's 3000 pounds. So the superbike is considerably faster on the same horsepower. R1 power to weight @ 0.4, Civic @ 0.06.

The horsepower is the income, the weight is the expenditure.

When people were making money, their expenditures went way up. Before pay increase, say their income/expenditure was at 50,000/45,000 per year, so 1.11. Then their pay went way up, and their expenditures to match; 100,000/95,000, so now 1.05.

Even after the increase, their balance was still $5,000.

Then the economy tanked, and their income dropped back to 50,000, with expenses locked in at 95,000, so 0.53.

That's like having a modern heavy Civic with 80 horsepower.

So with that said, people are still stupid, and operate independently of the economy to the downside.

-Jimmy
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I voted yes and very surprised that after about 100 votes its 3:1 No.

US economy is in the best place it's been for over a decade. Every where I look, the economy seems to be doing great. Restaurants and Shops are overflowing. Number of luxury cars on the road is startling. Seems like everybody is walking around with a $700 phone. Definitely not signs of a bad economy.

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Yes the economy is getting better.

Do Americans think it's getting better? Probably not. I have friends who are still unemployed from job cuts in 2008, who are still unable to get jobs. Luckily most turned to freelancing or started their own firms (like I did).

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