Collapse of the United States: Running thread

Oh. Thanks. I try not to pay much attention, but I didn't feel like living here if there was a bust. That would be mayhem.

 

Look the US has had a pretty good run. What, 200-something years? I'm not good with math.

But my point is why does everyone expect the US to stick around and be such a great country forever. Things fluctuate. 200-something years of being No. 1 have been great. Maybe now it's time to step aside.

Countries rise and fall. That's the history of the world. Deal with it.

 

A thousand of those jobs Chrysler cut are at a plant in my little part of the Toronto 'burbs.

 

By LAUREN VILLAGRAN, AP Business Writer 1 hour, 30 minutes ago

NEW YORK - U.S. manufacturing grew in October at the weakest pace since March, suggesting that ongoing troubles in the housing and credit markets have seeped into the industrial sector.
"It's clear that manufacturers are taking their foot off the accelerator," said Ryan Sweet, economist with Moody's Economy.com. "That reflects the growing uncertainty around the U.S. economy, frail business confidence and soft domestic demand."



By MARTIN CRUTSINGER, AP Economics Writer 2 hours, 51 minutes ago

WASHINGTON - Consumers, battered by a steep downturn in housing and a severe credit crunch, slowed their spending growth in September while a key gauge of factory activity flashed its weakest reading in seven months in October.

The Commerce Department reported Thursday that consumer spending rose by 0.3 percent in September, the smallest rise in three months and lower than the 0.4 percent increase that analysts had been expecting. Incomes grew by 0.4 percent, matching the August gain, and in line with analysts' forecasts.

 

230+ years is the run of the show, but we've only been a hit from 1943-2001

 

"Damn you! Damn you all to hell!"

 

Regarding your 401k money and mutual funds, etc., this is no time to speculate. Get that money in proven, solid performers (yes, they are still around).

Exxon, on average, made a PROFIT of $4.262 MILLION for every HOUR of the third quarter. Every time I go to the pump I feel like I should bend over and say, "Yessir, may I have another?"

 

Thank god we have people like Dinesh D'Souza to tell us DON'T WORRY! THE MEGARICH ARE DOING FINE WHICH IS GOOD FOR ALL OF US! Otherwise I'd be worried about my debts and future, but at now I can breathe easy because a billoinaire can afford a nicer private jet! YAY

 

Exxon fell 2.3% today. Missed it's quarterly mark.

 

Wonder how many newspapers will trim staff in response to that.

 

Um, I think you're confused. Oil's not struggling, the rest of the American economy is. High oil prices are good for them and bad for everyone else--its why the economic fortunes of oil regions usually an follow inverse relationship to the rest of America. I'd think the Texas oilmen are doing their yee haw dance at current price levels.

 

If you like the price of Oil now wait until we bomb Iran. This time next year $96 a barrel will seem like a bargain.