Market as Economy Guage

I see the economy currently being measured by the market. Specifically, we judge our economic recovery by the market.

I think we all agree, Small Businesses are the major employer in this nation. Most true SB are not publicly traded so are not represented in the market. If we are counting on these true SB to be the vehicle to drives the road to our recovery, shouldn't we have a different measuring stick? What in your view should that stick be?

 

The economy is judged by a variety of indicators, not just the stock market. Gross domestic output, durable goods, trade deficeit, unemployment rates, etc.

I think it's time to bring back the "misery index". That let's us track how much misery people are experiencing.

peace to you:praying:

 

Well then we should not worry if the major car makers and the go under. Neither should we be concerned that Freddie and Fannie tank. You know since only small business counts and the major companies have so little effect.

Or maybe we can remember that wall street and the average American are one and the same. Libbies work hard to create a false disconnect between the two. That way they have something to demonize when it is convenient and ignore for the same reason.

 

I agree... I never heard of the "misery index" but it'd be ringing off the chart for at least 8.1% of American's.

 

I'm not implying big business doesn't matter at all, I just don't feel the market includes the indicator we are hoping will save our economy, the SB. Everyone is touting how SB creates jobs then turn to the market to say how bad things are going.

I think there is wall street and there is main street. If we only count the market we are only looking at wall street. Main street has skin in the game also.n Explain how you feel wall street and the average American are one in the same?

 

And that is your mistake. Wall street and main street are one and the same.

 

Small Businesses do not drive a real economy, manufacturing both large and small builds economies. We have been gutted as per a master plan; there is no hope of a turn around. We are on the edge of total economic disintegration and nothing WILL (I did not put CAN here because in theory things could get better under the right conditions) stop it from happening.

 

I already explained this to you. Almost every average American is invested in the stock market, in terms of mutual funds, pensions, 401ks, etc. When Wall Street tanks, we all suffer. When Wall Street does well, we all benefit.

Why are you so adamant on economics if you don't know these basic things?

 

The misery index was coined by Jimmy Carter and is the sum of the national unemployment rate, interest rates, and inflation.

With the Obama program we are about to see the Carter years on steroids.

Under Carter the misery index went through the roof.

 

Obama knew what he was doing when he targeted small business owners with the lion's share of his tax increase.

He intends to either bring them under the heel of government or crush them.

 

After all, equal misery for all is the goal of every socialist.

Obama is proving the truth of that statement.

 

Unless you bought gold six years ago and because you saw this mess coming........:applause:

 

There are two economies: one for the people who borrow money and one for the people who lend money. One for people who work for wages and one for those who sell assets to get spending money. The downturn hurts working and wannabe rich people, the new rich. The old money rich people are not hurt.

For example, the two richest people in the world in hard assets are Queens Elizabeth and Betrix. Anyone thing the coming depression will hurt them?

 

I think the GNP is the best indicator of the economy not the stock market.

 

Should the government make sure those "old money rich people" get hurt as well?

peace to you:praying:

 

You think raising their taxes from 38% to 39.5% will hurt the rich? How about bring their charitable contribution deduction closer to ours, is that going to hurt them? It seems we're all feeling some pain, why should they be excluded?

 

So why then are we using the market is the sole economic indicator? Seems like we're looking in the rear view mirror which driving forward based on what you said.

 

Because 401K's don't pay the rent? We have people struggling today but worried about money meant for the future.

 

That started under Ford, it only continued under Carter.

 

Not so fast, only 2% of small businesses make more than $250K. Are you saying he targeted small businesses because 2% got a tax increase?