YOU REMEMBER HIM, ALLEN GREENSPAN WHO THE OTHER DAY, WARNED OF A POSSIBLE "RECESSION." I want to know what he was smoking when he made that statement.
He sent the EEEE-MMMOTIONAL stock market down 400 points. It is time for Mr.Greenspan to enjoy retirement. Here is how I see the economy. The numbers support a "military economy" look at Smith & Wesson for example, they are making bullets and our soldiers are using them up, there stock has been up and down too. Look at the employment levels of dedicated Defense Contractors(Should we call them Defense Contractors), there employment is UP,Up,Up!, no lay-offs there, Look at GM, they make the Hummer, and are retrofitting the Hummer to withstand IED's, larger dollars for GM, their stock is doing better.
Once we begin to downsize our involvement in the Middle East, there will be a financial adjsutment period and a round of layoffs at many defense industries, but I don't believe America will fall into a recession. I believe we need to cut spending and eliminate all government subsidies in all industries.
CHECK OUT: http://www.blogsvertise.com/
GO PHILLIES
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment