The next two weeks will show how the US economy is going to grow for the next quarter and year.
25 replies, posted
[QUOTE](Reuters) - A long hoped for improvement in the economy appears to be manifesting itself in second-quarter U.S. earnings, but the next two weeks could be the real test.
Companies such as General Electric Co (GE.N) and Intel Corp (INTC.O) have reported solid results. In addition, GE believes now is a ripe moment to spin off its private label credit card division in the hopes growing consumer demand will make it more attractive.
Intel declared that personal computer sales have stabilized, while it forecast third-quarter revenue above Wall Street's expectations.
Profit growth for the second quarter is now estimated at 6.7 percent - excluding results from Citigroup Inc (C.N), which was hit by a big adjustment from a mortgage settlement - better than where they stood at the end of June.
In addition, 68 percent of S&P 500 companies so far are beating analysts' profit expectations, above the 63 percent long-term average, according to Thomson Reuters data. A similarly high percentage of companies are beating revenue forecasts.
"Analysts may be underestimating the level of prospective improvement in the second quarter," wrote Carmine Grigoli, chief investment strategist at Mizuho Securities in New York.
The latest profit estimate is up from a July 1 forecast of 6.2 percent, while revenue growth, now 3.2 percent, is on track to be the highest since the third quarter.[/QUOTE]
[url]http://www.reuters.com/article/2014/07/20/us-usa-earnings-recovery-analysis-idUSKBN0FP02C20140720[/url]
[img]http://puu.sh/ajm0Q/1d77908da7.png[/img]
[img]http://fi.somethingawful.com/images/smilies/negativeman-55f.png[/img]
Luckily for me, I sold my shares a few months back.
[editline]20th July 2014[/editline]
Lets see how my luck goes with NASDAQ:CSIQ.
Pleaaaase continue to grow, economy. The better you're doing the less reliant employers are on applicants having formal work experience, and that means I can finally get some.
No, US economy must shrink so us master race Brits with our superior British Pound Sterling can laugh at your pitiful US Dollar.
[QUOTE=AcidGravy;45446142]No, US economy must shrink so us master race Brits with our superior British Pound Sterling can laugh at your pitiful US Dollar.[/QUOTE]
1 dollar is currently worth .59 pounds.
[QUOTE=TestECull;45445300]Pleaaaase continue to grow, economy. The better you're doing the less reliant employers are on applicants having formal work experience, and that means I can finally get some.[/QUOTE]
And hopefully more hours for those who already found a job. Tired of only 20 hours a week out of two jobs.
[QUOTE=TestECull;45445300]Pleaaaase continue to grow, economy. The better you're doing the less reliant employers are on applicants having formal work experience, and that means I can finally get some.[/QUOTE]
how about working at McDonald's until you have experience to do something else... start somewhere.
I do not know a single person with a professional job that believes the economy will get better in the future
[QUOTE=Martele;45446438]how about working at McDonald's until you have experience to do something else... start somewhere.[/QUOTE]
A lot of fast food places do the same thing. They hire people with fast food experience over those without, even when it really makes no difference to the work. It's how I got my second job.
The best bet in getting work experience is trying for retail in the next two months for seasonal hiring. Not only do you get 3-4 months experience, you may even get kept (like I was) if you work harder than all the other seasonal people.
[QUOTE=Martele;45446438]how about working at McDonald's until you have experience to do something else... start somewhere.[/QUOTE]
On the contrary, working full time means you barely have any time left to train yourself in a better paid profession.
Exhibit A:
You get employed now at a fast food, you earn 15k/year. You work for 7 years and earn a total of 105k$
Exhibit B:
You prepare yourself for 3 years to become a highly paid professional.
In year 4 you earn 35k $, year 5 the same, year 6; 40k $, year 7; 60k $
In total you earned more money that way, 170k $ to be exact
You earned 65k$ more than your alternative universe persona working in fast food.65k$ means 4.3 years of working in fast food worth of wages. Not bad eh? And the more time goes by the more you earn comparative to grinding though fast food jobs; because you're not getting offered a different job other than that, if your experience is in fast food. :eng101:
[editline]20th July 2014[/editline]
[QUOTE=Banhfunbags;45446604]I do not know a single person with a professional job that believes the economy will get better in the future[/QUOTE]
Ask bankers; as long as commercial banking is legally allowed to be linked with investment banking in the same entity, they'll be swimming in dough.
[QUOTE=godfatherk;45447707]On the contrary, working full time means you barely have any time left to train yourself in a better paid profession.
Exhibit A:
You get employed now at a fast food, you earn 15k/year. You work for 7 years and earn a total of 105k$
Exhibit B:
You prepare yourself for 3 years to become a highly paid professional.
In year 4 you earn 35k $, year 5 the same, year 6; 40k $, year 7; 60k $
In total you earned more money that way, 170k $ to be exact
You earned 65k$ more than your alternative universe persona working in fast food.65k$ means 4.3 years of working in fast food worth of wages. Not bad eh? And the more time goes by the more you earn comparative to grinding though fast food jobs; because you're not getting offered a different job other than that, if your experience is in fast food. :eng101:[/QUOTE]
fucking hell you're right
I'm sure if all those people working in fast food to earn a living knew they could just drop it and train, earning fuck all, for three years, the world would be a better place
[QUOTE=Cloak Raider;45447751]fucking hell you're right
I'm sure if all those people working in fast food to earn a living knew they could just drop it and train, earning fuck all, for three years, the world would be a better place[/QUOTE]
He and you forget that school costs money, many of which those working in fast food don't have. Many also have others depending on them for money and they can't just up and quit for the sake of going to school when they have children or other relatives to take care of. It's a helluva lot more complicated than that.
[QUOTE=Emperor Scorpious II;45448457]He and you forget that school costs money, many of which those working in fast food don't have. Many also have others depending on them for money and they can't just up and quit for the sake of going to school when they have children or other relatives to take care of. It's a helluva lot more complicated than that.[/QUOTE]
he was joking
on topic I'd like to add that more people are going to college so it's harder to get into some careers without contacts
It was a personal recomandation for TestEcull.
Training can come in free via apprenticeships/internships/ MOOCs and so on.
I supposed he was young and he was living with his parents.Might not be the case...so yeah if you're in a desperate situation fast food might work for a while.
Just do it in Switzerland or Norway where you net in ~30$/hr.
[QUOTE=godfatherk;45447707]On the contrary, working full time means you barely have any time left to train yourself in a better paid profession.
Exhibit A:
You get employed now at a fast food, you earn 15k/year. You work for 7 years and earn a total of 105k$
Exhibit B:
You prepare yourself for 3 years to become a highly paid professional.
In year 4 you earn 35k $, year 5 the same, year 6; 40k $, year 7; 60k $
In total you earned more money that way, 170k $ to be exact
You earned 65k$ more than your alternative universe persona working in fast food.65k$ means 4.3 years of working in fast food worth of wages. Not bad eh? And the more time goes by the more you earn comparative to grinding though fast food jobs; because you're not getting offered a different job other than that, if your experience is in fast food. :eng101:
[editline]20th July 2014[/editline]
Ask bankers; as long as commercial banking is legally allowed to be linked with investment banking in the same entity, they'll be swimming in dough.[/QUOTE]
Uh, you know that was a recommendation to TestECull, right? I'm not saying to work fast food forever. Jesus Christ. Nobody's going to hire someone without experience. That's stupid. Why would they hire a person with no formal work experience if they can hire people who have worked before? Sorry, but nobody is going to hire without experience. I started in fast food to pay for college... now I'm working IT.
[QUOTE=godfatherk;45447707]On the contrary, working full time means you barely have any time left to train yourself in a better paid profession.
Exhibit A:
You get employed now at a fast food, you earn 15k/year. You work for 7 years and earn a total of 105k$
Exhibit B:
You prepare yourself for 3 years to become a highly paid professional.
In year 4 you earn 35k $, year 5 the same, year 6; 40k $, year 7; 60k $
In total you earned more money that way, 170k $ to be exact
You earned 65k$ more than your alternative universe persona working in fast food.65k$ means 4.3 years of working in fast food worth of wages. Not bad eh? And the more time goes by the more you earn comparative to grinding though fast food jobs; because you're not getting offered a different job other than that, if your experience is in fast food. :eng101:
[editline]20th July 2014[/editline]
Ask bankers; as long as commercial banking is legally allowed to be linked with investment banking in the same entity, they'll be swimming in dough.[/QUOTE]
Replace those 3 years of school you could have been working and you are at $160k
Then subtract tuition for those 3 years you did fuck all work and $170k becomes $160k on the best possible outcome.
But uni is fuck all expensive nowadays and around ~30k for a full go through which means less nowadays from when your parents were there evaluate everyone goes to uni now.
If Citigroup is doing so well, I guess this means they can start paying back that bailout money, huh?
All this experience bullshit should be regulated. Make it so that they can't demand experience unless it's for a important position.
[QUOTE=LVL FACTORY;45455305]All this experience bullshit should be regulated. Make it so that they can't demand experience unless it's for a important position.[/QUOTE]
I agree but that is very unlikely :( I was in college to be an RN for 2 years and struggling to get a health care related job I stopped going and focusing on my resume for nursing. And now am taking the long road which is LNA -LPN -RN. Hopefully can just move up the ranks instead of relying on luck.
Where in the US were you struggling to get a healthcare job? Healthcare is one of the best professions for job availability.
[QUOTE=Angus725;45445286][img]http://puu.sh/ajm0Q/1d77908da7.png[/img]
[img]http://fi.somethingawful.com/images/smilies/negativeman-55f.png[/img]
Luckily for me, I sold my shares a few months back.
[editline]20th July 2014[/editline]
Lets see how my luck goes with NASDAQ:CSIQ.[/QUOTE]
Unluckily for me I bought my shares three days before, gg wp AMD
[QUOTE=A_Pigeon;45453991]Replace those 3 years of school you could have been working and you are at $160k
Then subtract tuition for those 3 years you did fuck all work and $170k becomes $160k on the best possible outcome.
But uni is fuck all expensive nowadays and around ~30k for a full go through which means less nowadays from when your parents were there evaluate everyone goes to uni now.[/QUOTE]
30k? Where do you go to school? It's 14k for me a year, anf you don't live at home you might as well throw another 10k on there.
[QUOTE=sloppy_joes;45456235]30k? Where do you go to school? It's 14k for me a year, and if you live out of home you might as well throw another 10k on there.[/QUOTE]
All depends on where you go. I paid ~6.5k a year at a state school and could have paid even less if I had started at a community college.
[QUOTE=Angus725;45445286][img]http://puu.sh/ajm0Q/1d77908da7.png[/img]
[img]http://fi.somethingawful.com/images/smilies/negativeman-55f.png[/img]
Luckily for me, I sold my shares a few months back.
[editline]20th July 2014[/editline]
Lets see how my luck goes with NASDAQ:CSIQ.[/QUOTE]
I really hope they come back and give Intel some proper competition, but I know deep down that it will never happen.
[QUOTE=sloppy_joes;45456235]30k? Where do you go to school? It's 14k for me a year, anf you don't live at home you might as well throw another 10k on there.[/QUOTE]
10k was meant to be a bargain basement uni estimate. SMU around here is 10K a year but also a shit uni
Do not worry, just print more money
Sorry, you need to Log In to post a reply to this thread.