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where do you think today's US economy is going? email this discussion to a friend?

myLot reputation of 98/100. cartoon4umaniacs (624)   ranked 603 out of 5,716 in have discussion on day to day issues11 months ago

Some (a lot) of people have said to me that it is going to go south. I surely hope not. I miss those days where things didn't cost so much and we had more time to vacation. Now it seems we work more for less. And at the end we end up with nothing in our pocket. Prices of everything is going up. What is your take on this?

 
 
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tags:  us economy
 
1. myLot reputation of 96/100. moonbutters (990)   ranked 812 out of 5,716 in have discussion on day to day issues   11 months ago

I hate to say it but I honestly don't see things getting any better. Can you see the cost of gas going back down to $1.00 or a gallon of milk being $1.98 anymore? But yet minimum wage has barely moved in years. I remember when a pound of coffee was a real pound, now it's 14 oz and cost more. Same with sugar and most other dried goods. Sigh.

moonbutters


myLot reputation of 98/100. cartoon4umaniacs (624)   ranked 603 out of 5,716 in have discussion on day to day issues  11 months ago

Yup, sad economy. I want to be able to invent a time machine and go back to the past. Where life was safer and a little bit easier. Thanks for the post.

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2. myLot reputation of 86/100. ayou82 (3213)   ranked 2,368 out of 5,716 in have discussion on day to day issues   11 months ago

i think the US economy is going down i hope they cover up soon as time is ticking


myLot reputation of 98/100. cartoon4umaniacs (624)   ranked 603 out of 5,716 in have discussion on day to day issues  11 months ago

I don't know if we can recover that fast. Going down hill is easy and fast but climbing up it's slow. This is true for real life as to climbing a mountain and it's also true when it comes to economics.

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3. myLot reputation of 75/100. cherylal (6383)   ranked 769 out of 5,716 in have discussion on day to day issues   11 months ago

I think that every Country have a problem and it also include Philippines but US is better if you will compare a lot.........


myLot reputation of 98/100. cartoon4umaniacs (624)   ranked 603 out of 5,716 in have discussion on day to day issues  11 months ago

Thanks for the comment.

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4. myLot reputation of 94/100. Aurone (1764)   ranked 569 out of 5,716 in have discussion on day to day issues   11 months ago

I guess we will soon see where it is going. But the markers don't look good. The dollar is down. The stock market is down. Crude Oil reached over $100 a barrel which makes everything else more expensive and this Holiday shopping season is predicted to be the worst in 5 years.

I for one will be looking at the financial report on Monday to see how Black Friday went for retailers. Its a pretty good indication of how the market is, because the better off people are the more they have to spend on Christmas gifts and the Friday after Thanksgiving is one of the biggest shopping days of the year.


myLot reputation of 98/100. cartoon4umaniacs (624)   ranked 603 out of 5,716 in have discussion on day to day issues  11 months ago

Amazing but the sales are up. Everyone shopped like no one believes.


myLot reputation of 94/100. Aurone (1764)   ranked 569 out of 5,716 in have discussion on day to day issues  11 months ago

Interesting. I see that they were up 8% better than expected but the Dow Still went down 1.83%--not good. But maybe we are doing better than we think.


myLot reputation of 98/100. cartoon4umaniacs (624)   ranked 603 out of 5,716 in have discussion on day to day issues  11 months ago

maybe, and retailers are not pulling all stops. They are doing whatever it takes to get your money into their pockets. I mean did you hear about cyber monday? Shopping like crazy?

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