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Get READY for a "BIG TRAIN WRECK"??
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<blockquote data-quote="uscangus" data-source="post: 759566" data-attributes="member: 13261"><p>i would agree with you that the second year will be depressed. from agriculture side--if the current administration will not back or subsidize the ethanol, the feed price(corn) will be depress and make the beef prices escalate. the current views of the people do not want to subsize this program worth billions and billions because the cost of ethanol does not justify the return and products.</p><p></p><p>also, since the first half of the economy was based of the government stimulus by paying local states of their state expenses such as cost of running local government. now, there are at least 40 states are in the red and want more stimulus from our future generation to pay their costs. the new one is to pay their city and state pensions workers. heck, no one gave me a stimulus on my pensions or the average persons who did not work for the city.</p><p></p><p>with state and local government, first time buyers of homes of $8,000, clunker and caulker deal, auto industries, TARP money, Wall street(hedge funds mistake of hedging), and bankers, these stimulus have temporarily post-pone the problem of job creation of private sectors. the new jobs were just local, state, and federal government jobs. but without the second demand of second stimulus for local and state expenses, the first stimulus will be worthless. since we have lost 9 million jobs from private sectors from the mortgage, housing, and credit crunches, there are very, very little jobs have created in private sectors. hence, no one paying into tax base (by working), sale tax (buying goods), capital gains (from housing and equities from the stock markets-by selling-since houses and stocks have been depressed), and consumers are inactive in buying big good services. our economy was driven by 2/3 of consumers. since middle class has been eroded, we are in deep ****.</p><p></p><p>i am worried about the european countries (PIIGS--portugal, ireland, italy, greece, and spain). since we saw what happen to Greece in our stock market and we ended up paying into the 1 trillion dollars to save Greece. the next one to tumble is Spain which is two to three times as Greece. After that, the next one is Portugal. there is talk that Germany will leave the euro.</p><p></p><p>this problem will be worst than mortgages problems since we are inter-related with International Monetary Funds and soveriegn funds.</p></blockquote><p></p>
[QUOTE="uscangus, post: 759566, member: 13261"] i would agree with you that the second year will be depressed. from agriculture side--if the current administration will not back or subsidize the ethanol, the feed price(corn) will be depress and make the beef prices escalate. the current views of the people do not want to subsize this program worth billions and billions because the cost of ethanol does not justify the return and products. also, since the first half of the economy was based of the government stimulus by paying local states of their state expenses such as cost of running local government. now, there are at least 40 states are in the red and want more stimulus from our future generation to pay their costs. the new one is to pay their city and state pensions workers. heck, no one gave me a stimulus on my pensions or the average persons who did not work for the city. with state and local government, first time buyers of homes of $8,000, clunker and caulker deal, auto industries, TARP money, Wall street(hedge funds mistake of hedging), and bankers, these stimulus have temporarily post-pone the problem of job creation of private sectors. the new jobs were just local, state, and federal government jobs. but without the second demand of second stimulus for local and state expenses, the first stimulus will be worthless. since we have lost 9 million jobs from private sectors from the mortgage, housing, and credit crunches, there are very, very little jobs have created in private sectors. hence, no one paying into tax base (by working), sale tax (buying goods), capital gains (from housing and equities from the stock markets-by selling-since houses and stocks have been depressed), and consumers are inactive in buying big good services. our economy was driven by 2/3 of consumers. since middle class has been eroded, we are in deep ****. i am worried about the european countries (PIIGS--portugal, ireland, italy, greece, and spain). since we saw what happen to Greece in our stock market and we ended up paying into the 1 trillion dollars to save Greece. the next one to tumble is Spain which is two to three times as Greece. After that, the next one is Portugal. there is talk that Germany will leave the euro. this problem will be worst than mortgages problems since we are inter-related with International Monetary Funds and soveriegn funds. [/QUOTE]
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