MicrostockGroup

I always laugh when they say that unemployment has leveled out or decreased. They don't ever take into account the millions of people who have drawn all their unemployment benefits and have none left, therefore they aren't drawing it any more!!

Sorry had to add this....a lot of companies hire part time employee to save money on taxes. These employee do not qualify for unemployment because they are part time or are paid as contract labor..

Yep.  And, as my wife said after I found her another job  , there are plenty of jobs out there ... "I have three of them."   

Yeah!... So true:)

Hmmm __ but statistically speaking women earn less than men. Have you heard the expression "A woman's work is never done"? That's why they get paid less.

I think that quote comes from at least my great grandmother's generation (1800's) - and refers to the the fact that no matter how well you wash up and clean stuff, you have to do it all again the next day - wash, rinse, repeat... until you die.

That's if you're the domestic type of course... in terms of household chores, I have a brother who is MUCH better at that stuff than I am. 

I guess this means it time to start stashing that cash!

In nineties we had a hyper inflation here. Government started to print banknotes with 11 zeros. The biggest one was 500 000 000 000 dinars, which is a world record for a banknote. And for that money you could maybe buy a hamburger...or maybe not, I can't remember. Anyway, stores were totally empty, so we had to make even bread at home.

Yes, if your savings are not in foreign currency, all your savings get wiped out. After hyperinflation nothing comes back. But if you save in foreign currency you can buy a lot for few ...Euros for example. In that time there was a German Mark. I remember when my father got his monthly salary once. He wanted to convert it to German Marks, and he should get around 10 Marks. So he rushed to the bank to exchange those dinars for German Marks. When he got to the bank, his salary already lost it's value and became only 2 German Marks. So, he just threw it in the trash can in the bank....

But I don't think it can happen to USA. States are too powerful.

lol, it sounds funny from this time...

Empires never last, they always crumble and fall...

What can you do than just laugh? I lost a lot since my bank (or their overpaid "managers") had the clever idea to invest in American hot air balloons like Lehman. I lost thousand past May by the temporary euro collapse as I'm involved in outsourcing. The Asian gang of exchange traders led the demented panic as they are 6 hrs ahead of the EU and 12 hrs of NYC.

Watching the local Asian news channels, they don't even know where Europe is! They don't look at fundamentals, they are like headless chicken. If foreign debt was the issue, why not tackle the Yen since Japan has the highest foreign debt/BNP and it's dying of old age? Why still pick on the Euro when Hungary had problems? Hungary is not part of the Eurozone, as if they know.

They are ignorant, but not too ignorant to walk away with giant bonuses. Of course it all subsided when the Germans promised to pay off the Greeks by working till 67 years old. But nothing changed, and yet the Euro went back to 1.30$. At least a mortal flaw of the euro was exposed: don't take in countries that have a different economic lifestyle or productivity. Greece should never have been taken in, and probably not Spain and Portugal too. There were rumors then that Germany and the Netherlands would return to the good old Mark, and put an end to the reckless expansion both of the EU and the euro zone. Those voices will get stronger when it happens again...

Live from Brussels, for a couple of months 

I guess I am at a loss.  How exactly is Wall Street the cause of our problems? 

People blame everyone but themselves.  We get ourselves into debt and buy homes we can't afford, then blame the government for not protecting us enough.  We insist on buying muscle cars and SUVs, then bitch about the price at the pump or better yet blame the Bush Administration and Big Oil for destroying our lives.  A few years from now people will be blaming Obama for a million things he had no control over either.  Personal responsibility is the only thing which can turn our current plight around.

And there is no Hindenburg Omen effect on the stock market.  It's horsesh*t, just like the January Effect, the Superbowl Predictor, Gann Theory, Elliot Waves, and all the other crap the financial media latches onto.  But most people believe this stuff.  Just like most people lose to the market averages, and most people buy and sell way more often than they should.