How's the economy?

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Originally Posted by Pythonic

I'd say that 90% of all publically traded companies do and that is a shit load of companies. So actually it is most.

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There are about 13 million companies in the US, but only about 7,000 publicly traded ones.

Regardless, supposedly about 85% of US companies with 20 employees or more offer "some form" of tuition reimbursement, but a lot of them (probably most?) don't even come close to covering the cost of getting a degree/certificate in any reasonable time-frame because of annual maximums, etc. Not to mention, for a lot of people in lower paying jobs, putting out the cash up-front for reimbursement later is often beyond their means.

Well I wasn't talking about all the gas stations and ma and pa shops out there. I never said you could get a degree super fast but it can be achieved. Mine was 85% covered by my work and that's pretty damn good I suppose.

They all have those online degrees now where you can get it even faster.

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Originally Posted by frosst

My point about foreigners investing, heavily, in american assets is that obviously they don't see our economy being in huge trouble. otherwise, why wouldn't they put their money in assets in their country, or another one?

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I said earlier that the smart investors are putting their money in their own country. The reason everyone isn't doing it is because everyone isn't smart. The dollar is historically low so people see that as a purchasing opportunity. What they don't look at is the fact that your government is still printing money like crazy, so there is absolutely no chance that the dollar will make a comeback. Anyone who wants to buy something in the US should wait a few years.

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Originally Posted by frosst

btw that last post isn't an invitation on how investing for valuation is bad investing. It was just an example I was using to illustrate a point.........like the one about foreigners investing in our assets during a recession. Obv you guys see my point when you mentioned about buying distressed properties right now knowing it'll pay for itself later on. THAT WAS MY POINT. If things are about to be "OMG ITS DAPREZZION" they wouldn't be doing it. Do you think they made all that money by being stupid? oh and the banks aren't in trouble. money is their business. foreclosures have always been around. they knew those people were high risk. basically they purchased real estate on free money. the consumer bought it and paid 100% interest to the bank, got foreclosed on and now the bank owns the property, which it'll just resell.

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The problem is that houses are still way overvalued. There are no buyers at todays price. The housing bubble was blown up for years and the prizes will fall for years as well. the banks are in horrible shape and you haven't seen nothing of it yet. This will spread to the US consumer which in turn will affect the entire service sector.

The National Debt is the biggest problem our economy faces in the long run... and its not even close

sort of related..

Bush Tours America To Survey Damage Caused By His Presidency
http://www.youtube.com/watch?v=_aEURwsrUSQ

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Originally Posted by BankItDrew

sort of related..

Bush Tours America To Survey Damage Caused By His Presidency
http://www.youtube.com/watch?v=_aEURwsrUSQ

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ty, LOL