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Doom and Gloom?
Of course bad news get attention and many citizen journalist and politically motivated activist know that well. But there is a danger of causing problems in world financial markets because of politically motivated economical propaganda. Of course the politically funded media knows that well, plus a few financial guru’s of whom know how to make money on failing markets.
The American’s caused the recession in 2008 it started because of a property scam, house and property prices where driven up to ridiculous levels and many properties where used to secure loans. Of course when the bubble burst the domino.s clinked out in seemingly never ending streams across the globe. The factor that America had a Hugh debt in its trading balance with China, placed a big complication in their economic stew.
But the worst factor was caused because the mortgage companies where not bailed out, of which would of stopped the recession flat. It was the only stimulus needed and because the Bush administration seemingly stuck the head in the sand, the first domino’s fell.
The political motivated media had a hay day they milked the problem and hyped it to its highest level, then repeated over and over again. Investors lost confidence, US securities abroad became total worthless.
Then governments see the need to be seen doing something, economist found media platforms to issue there normal stupid advice and gave further fuel to the doom and gloom hype. It was a very sad comedy that led to the British Prime Minister a leading economist within his time, mouthing the words "stimulus" and "we will use our tax money to prop up the banks". Yes if you need to blame anyone for the damn stimulus and global plan its Gordon Brown, and not the two US stooges that sat in the White house chair whilst the domino's fell.
The recession hit its all time low in March 2009 a new president and a new political administration had taken over the reigns of power in the USA. The Democratic Party stands for social care had an opposition that stands for capital elitism.
What we are seeing now is the republican party at war with the democrats it is a no hold barred political struggle that uses politically control media to issue propaganda and some times maybe the truth. This political war spills over on the Internet where Blogs, Community’s and forums have become the tools of propaganda and political argument.
What’s nice about the internet one can find the truth and provide it to a fairly large audience to stave of political propaganda? What’s bad about the internet the truth you find could be propaganda, it often is.
However in the case of the present situation concerning the American caused global recession when the doom and gloom merchants publish articles concerning the recession and calling a depression. Where as the stock markets are recovering well and all this doom and gloom especially issued from the political media just causes small troughs within the peak of recovery.
Good news, very, very good news does not sell however and the truth never gets recommended when it’s the obvious truth like the proof at the link below.
http://forbestadvice.com/Money/Investing/Graphs/WorldMarkets.html
I am completely against political propaganda of any form and political indoctrination; in my opinion all politicians are corrupt elitist. I hate lies and deceit and when it disrupts and causes me financial stress and I lose money because of politically motivated hype I get very annoyed. There are those that wish to fob me off as being an optimist about the world economy but that is not so, once you have studied the stock market charts over the past year or so you can see the real trend. That trend sees a slowly recovering market place at this present time and date.
It’s nothing to do with stimulus its all to do with people wanting to make money gambling on the stock markets and their confidence to do so. The investors, this of course does not create jobs, jobs get created after a recovery and that takes time and has done so historically.
The real fix is to have a well balanced GDP and that can only be done by countries being more efficient in manufacturing their own goods and not out sourcing to cheap labor sources. Of course a well honed eye is needed to ensure the property market remains stable and prices do not rocket to ridicules highs
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Most RecentMost Recommended Comments (13)
at 16:49 on October 30th, 2009
No horror stories from me to day, not in the mood to mix a boiling broth of magical expectations. However my expectations are pretty firm today that people whom read my article today will see much of the truth that this is not a time of doom and gloom.
- reply
djermanoat 17:20 on October 30th, 2009
Ah Bob..you can not have company stocks being bought from Wall Street, when no one has jobs to work at them.
http://my.nowpublic.com/world/nowpublic-writers-meet-your-new-boss-2505240.html...
Bob the economy can not recover until the Bad guys change.... Yeah the bad guys who control everything... They can use the banks from the bailout money! But you me? Forget it. To many strings....and you have to tie your string to them and do their bidding to get any money. It is not getting better Bob.... Better to you means the Republicans are advancing and opening up by trading their worthless stock? The trend of Stock is going up? So is the pile of garbage out side....
Things will not get better until they get out of the Occupation Business and killing people...to sell stories and by supporting their bought off Media empire.
The Rev.
at 18:08 on October 30th, 2009
The companies that have people working for them are seemingly recovering well. The bad guys do control every thing and that's why they themselves start to invest to get the ball rolling. seemingly looking at all the global stock markets things are rolling to a recovery world wide. This is not just about Wall Street its much much broader.
Its the investors money that make this world tick and yes some of the bad boys are mainline investors. I think most of the worthless stock is dead thats why business went bust and others down sized their worthless ventures.
at 17:43 on October 30th, 2009
Thanks for your opinion piece. A;ways a good read from you.
at 18:10 on October 30th, 2009
Your welcome and lets hope I am right that there is light at the end of the tunnel
at 18:56 on October 30th, 2009
American Taxpayers have about 12000000000000 reasons to be gloomy right now; and more added in every day!
at 19:40 on October 30th, 2009
Tax in UK is much more crippling than yours our fuel cost twice as much as yours and the food prices is completely another matter. There are still people in USA living the American dream sucking on lolly pops and spreading debt across their credit cards.
But hey all you suckers in the west, I escaped to drink cool ones on paradise island beaches. Yep I do feel sorry for a nation that for a moment brought the world to its knees. Yep and now you all have to bail your self's out and tighten the belt before eating donuts, (tongue in cheek), its got that bad the roof is falling in.
Hey you want to see poverty come and visit my neighbors house where 6 people live on 2 dollars a day. The plight that many Filipino's have every day to put food on their tables.
Gloom you do not know what gloom really is believe me and the cheery news is the recession is defiantly recovering, so dig out the Micky mouse hat and celebrate, lol
On a serious non comedy note, life is not so bad in the good old US of A, so cheer up.
at 00:16 on October 31st, 2009
BF please be realistic and don't look solely at yr charts but take at heart what djermo tells you above. You create false hope, the math doesn't add up anymore. Stocks prices are very, very high... which means that the collective anxiety of investors is very, very low. Authorities in charge don't mind that a rising stock market is adding trillions of dollars to the asset side of the balance sheets. Because that's good news. But the worrisome part is that a falling stock market could erase those trillions from the ledger just as quickly as they first appeared. And as you correctly point out you see rising share prices, this one day will coincide with falling investor anxiety, which usually adds up to a big, fat stock market selloff... Be careful not loosing more than you already did. This is not a doom sayers' warning but a very realistic one to take note from.
at 14:35 on October 31st, 2009
Look at you, I provide actual proof that the recession is in a recover stage and you try to fob it off. The reality is there for all to see its nothing to do with over valid stock, lol
The recession will be over mid year next year and when it is I will remind you of your remarks and opinions in one hell of an article. I only look at reality and the reality is the stock markets are on the upward slope and looking good. GDP in the states 3.5 last quarter is also a great sign.
This is not otimism its fact abd there is proof of the pudding.
at 01:06 on October 31st, 2009
which usually adds up to a big, fat stock market selloff...
it doesn't matter that the stock market is overvalued, or that a new mini bubble has been created. It only matters that politicians and investors can use it as a sign to say the economy is improving.
When the investors decide to sell off their stock (because they know it is overvalued), or a new set of statistics says the economy still stinks, of some circumstance gives them the jitters, the market will drop - to what point is anyone's guess. That will depend on what causes the drop, and how high it gets before it drops.
at 14:49 on October 31st, 2009
Mini Bubble to hell, lol
Look at the damn charts and to tell the truth stocks are under valued due to the damn hype. I no guys that are making money at this very moment, yep its sickning but true. The new statistics are saying the last quarter was better than expect, political far right opinion is saying it stinks.
Come on you guys of got eyes, this isn't about some guy walking on water 2000 years ago and no living witnesses, its facts and charts that give complete witness to a recovery taking place.
The stock exchange is the place where investers place their money the money is then used to expand company business this is actual money and it really does not matter if some of the stock is over valued that opinion is a load of bullshit. Money makes money and the investers are now making money. The fat cats are useful for something when they make good money the wheels are oiled and so is the economy. Investment eventually will make jobs history shows that's a fact. The elitist have to make money oh yes they are very corrupt but as they have most of the money only they can get USA out of the crap.
at 16:18 on October 31st, 2009
Good article.
Strange pictures.
at 17:05 on October 31st, 2009
Thanks
I think they suited the theme of Halloween and my articles title, lol