Stock market down big today
08-04-2011 | 04:19 PM
#16
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From: san francisco
Car Info: 2008 Forester XT 5spd
I stopped my 401K about 4.5 years ago and decided to use the "extra" money to kill all credit cards, pay off my car, and kill wife's student loans. I figured it'd be better to significantly lessen my debts as the economy was steadily declining. Besides if the economy wasn't gonna manage my money well, I thought I'd take a stab. So glad I did this.
Last edited by adizon; 08-04-2011 at 04:54 PM.
08-04-2011 | 04:23 PM
#18
General Pimpin'
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From: Knee deep in beer. subabrew crew, ca.
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So was silver.
I liked this quote I jsut read...
Corporate America is sitting on record amounts of cash but is refusing to make new investments with so little end demand for its products. Consumers and corporations are hoarding cash, and the economy appears to be seizing.
corporate america is taking all it can get right now, at the pumps, in the store, cell phones, cable, etc. Record profits during a recession. Yet they're getting and expecting to continue to get tax breaks.
And as for consumers... I don't know anyone that's cash hording. More like not having the cash to spend because it's in the gas tanks and the refrigerator. I just spent $200 on groceries and didn't really get to much. Silly.
Don't understand how these big companies think it's o.k. to continue to raise prices and increase profits all while farming more and more jobs out to other countries and receiving tax breaks on the state and federal level. And they have the states bent over because if the state wants to increase taxes they can just pick up and leave... taking 20,30, 100,000 jobs with it.
I liked this quote I jsut read...
Corporate America is sitting on record amounts of cash but is refusing to make new investments with so little end demand for its products. Consumers and corporations are hoarding cash, and the economy appears to be seizing.
corporate america is taking all it can get right now, at the pumps, in the store, cell phones, cable, etc. Record profits during a recession. Yet they're getting and expecting to continue to get tax breaks.
And as for consumers... I don't know anyone that's cash hording. More like not having the cash to spend because it's in the gas tanks and the refrigerator. I just spent $200 on groceries and didn't really get to much. Silly.
Don't understand how these big companies think it's o.k. to continue to raise prices and increase profits all while farming more and more jobs out to other countries and receiving tax breaks on the state and federal level. And they have the states bent over because if the state wants to increase taxes they can just pick up and leave... taking 20,30, 100,000 jobs with it.
08-04-2011 | 04:33 PM
#19
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From: 631 Railroad Ave. Fairfield, CA
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Don't understand how these big companies think it's o.k. to continue to raise prices and increase profits all while farming more and more jobs out to other countries and receiving tax breaks on the state and federal level. And they have the states bent over because if the state wants to increase taxes they can just pick up and leave... taking 20,30, 100,000 jobs with it.
-- Ed
08-04-2011 | 04:44 PM
#22
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From: 631 Railroad Ave. Fairfield, CA
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-- Ed
08-04-2011 | 05:11 PM
#24
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From: Knee deep in beer. subabrew crew, ca.
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And yes I understand why businesses do what they do. That is why you go in to business. Why would you start a business not to make money. I'm not completely retarded.
It's an interesting topic for me because I'm anti-government control but I'm also anti price gouging in industries of necessity. So it puts me in an odd position where I want regulation but then again I don't.
It's just disgusting to me that companies for necessities are paying their ceo's $35m a year and guys on wallst. are making 100's of millions, profits are through the roof and individuals are suffering for it.
08-04-2011 | 05:14 PM
#25
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From: Knee deep in beer. subabrew crew, ca.
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Agreed.
But untaxed overinflated artificial profits are bad. I just made that up... but it sounds good in my head.
I'm all for businesses making a profit. Within reason. If you were one day to say... **** it, I'm gonna charge $200 an hour and mark all my prices up 25% you would loose ALL of your business. Why... there are choices. Gas, Oil, Utilities...etc. You don't really have that choice. They can all work together to drive prices up to increase profits... not true market value.
That's where I get annoyed. No choice.
But untaxed overinflated artificial profits are bad. I just made that up... but it sounds good in my head.
I'm all for businesses making a profit. Within reason. If you were one day to say... **** it, I'm gonna charge $200 an hour and mark all my prices up 25% you would loose ALL of your business. Why... there are choices. Gas, Oil, Utilities...etc. You don't really have that choice. They can all work together to drive prices up to increase profits... not true market value.
That's where I get annoyed. No choice.
08-04-2011 | 06:31 PM
#27
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Honest profit is certainly good in business, but I don't believe health care should be a for-profit business in the first place. There should be no reason for anyone to profit at the expense of the general public's health and well-being. Do you disagree?
-- Ed
-- Ed
08-04-2011 | 06:34 PM
#28
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True. My wife works in healthcare for a major player. They are always pushing this "for patient satisfaction" thing and all it really means is to save money. Everything is about how close they can safely cut a corner and how many people they can pack into an office without putting anyone in O.T. There are doctors there that get paid per patient (Stupid) and they double book slots. So you are set up for a 20 minute apt. which is double booked so now you have a 20 minute apt that you have to be 15 minutes early for and is most likely behind schedule so now you're sitting around waiting, then you get roomed and have to sit around some more. By the time you actually get seen by a DOCTOR you get 5-7 minutes tops. Your insurance gets billed crazy amounts and you're out $15 plus whatever you pay for insurance.
-- Ed
08-04-2011 | 06:46 PM
#29
would you go to the discount doc working out of a shed? i don't think so. providers know people will pay whatever amount (whether they can afford it or not) to get as close to the best care as possible. however, hospitals are always strapped for cash due to the insurance companies. that's my gripe.