What happened to all of the doom and gloom economic threads?

[bra_man69]

The United States Bullion Depository holds 4,577 metric tons of gold bullion. This is roughly 2.5% of all the gold ever refined throughout human history.



Me too.

Still not going to tell us about monetary policy

I seen in another thread you said people run and hide who's doing the running bitch

 

[trysail]

...our national debt was about $9 trillion when President Obama took office and it is fast approaching $15 trillion. Four years from now it may be $20 trillion unless fiscal policy changes. The pain associated with the debt (it’s called interest) doesn’t seem so burdensome in a world where 90-day Treasuries cost nothing and 10-year debt costs only 1.7%. But in a normal world where short term debt might cost 3% and long term debt might cost 6%, within a decade, debt service alone could be $1 trillion per year or more. When the interest burden becomes unsustainable, no one wants to invest in your debt any longer. Greece and Portugal are over the threshold already and Spain is approaching it quickly. I don’t want to get sidetracked but as long as the US is paying such low interest, our day of reckoning is coming...

 

[koalabear]

Even though he's on Iggy I can hear Chief SwinehumpsDownSouth's cloven hoofs trotting in to squeal and take a dump, with Savage Panties, and the ruptured chihuahua doing close order drill to his fucking cadence.

Lucky guess!

 

[Wrong Element]

Please do not tell me he thinks keynesian economics is good.

You know who else thinks Keynesianism is good?

Guess who said this recently:

"...if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression." Pure undistilled Keynes.

 

[bra_man69]

You know who else thinks Keynesianism is good?

Guess who said this recently:

"...if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression." Pure undistilled Keynes.

Ronald McDonald

 

[richard_daily]

...our national debt was about $9 trillion when President Obama took office and it is fast approaching $15 trillion. Four years from now it may be $20 trillion unless fiscal policy changes. The pain associated with the debt (it’s called interest) doesn’t seem so burdensome in a world where 90-day Treasuries cost nothing and 10-year debt costs only 1.7%. But in a normal world where short term debt might cost 3% and long term debt might cost 6%, within a decade, debt service alone could be $1 trillion per year or more. When the interest burden becomes unsustainable, no one wants to invest in your debt any longer. Greece and Portugal are over the threshold already and Spain is approaching it quickly. I don’t want to get sidetracked but as long as the US is paying such low interest, our day of reckoning is coming...

So you agree that the bush tax cuts should be allowed to expire, since those will balloon to be the majority of the deficit... right?

 

[RobDownSouth]

Thousands of entrepreneurs and millionaires have been driven from the state. Unemployment is at 11% in our Democrat state.

Debunking the "millionaires leaving due to high taxes" myth

Yet another urban legend promulgated by the Vettebirther, shot down by the cold hard glare of reality.

 

[4est_4est_Gump]

I realize that re-writing history is a very important tenant of the right-wing's agenda, but that doesn't make what you believe any more true.


Proof is here:
http://forum.literotica.com/showpost.php?p=40954559&postcount=33

From the 1880's on, Germany was a Socialist Welfare state, there was no such thing as a right-wing as you know and hate it other than the monarchists. Hitler was the leader of a Socialist Party and once defeated, this proved highly embarrassing for the remaining cause of Socialism world-wide so they jumped through hoops to prove he wasn't a Socialist, but most of the vehicles they used were specious and fallacious.

He took money from big business!

THEY ALL DO.

It's called protection money. Again, I direct you to his 25 points.

The problem with Socialism is that it is a polity of emotion and altruism and each and every Socialist holds a unique view on what exactly are things such as human rights, equality and fairness and eventually finds that to create a Socialist consensus, that they have to accept some differing precepts that they assume will change once they have taken the power of government. Alas, this state never materializes and as Hayek brilliantly points out, this mechanism of consensus, as power is gathered, leads to a strong man f or having once tasted power, people are terrified of making a decision that might awkwardly put them outside of the consensus until that one guy comes around who not only wants the heat of making the decisions, but desires it above all else.

In short, I know that thread, I know the arguments, and they prove nothing but they make the proto-Socialist feel better about what will happen this time, when his special little niche of Socialist thought finally comes to the fore.

The answer was no; it [that their drug use was currently considered an illegal act by their own 'democratic' government] didn't bother them. It doesn't really bother anyone who accepts mob rule as a desirable form of social organization. The reason is that democrats never regard existing democracy as their preferred political system — they regard it only as a transitory state to a democratic utopia in which the elected leaders will agree totally with their own values and social-political views. Mises has observed that "the critics of the capitalistic order always seem to believe that the socialistic system of their dreams will do precisely what they think correct." Hence, when people talk about the importance of democracy, it is never democracy as it has ever actually functioned, with the politicians that have actually been elected, and the policies that have actually been implemented. It is always democracy as people imagine it will operate once they succeed in electing "the right people" — by which they mean, people who agree almost completely with their own views, and who are consistent and incorruptible in their implementation of the resulting policies. This is what allows an intelligent group of people to espouse mob rule as a desirable principle, even as they simultaneously commit acts that brand them as criminals worthy of imprisonment under the very social system they maintain.
Ben O'Neill
http://mises.org/daily/5879/Worship-of-the-Mob

 

[4est_4est_Gump]

You know who else thinks Keynesianism is good?

Guess who said this recently:

"...if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression." Pure undistilled Keynes.

When was the last time you read Keynes book?

 

[4est_4est_Gump]

Culture Still Matters
By Victor Davis Hanson, NRO
May 31, 2012 12:00 A.M.

Rudesheim, Germany — This week I am leading a military-history tour on the Rhine River from Basel, Switzerland, to Amsterdam. You can learn a lot about Europe’s current economic crises by ignoring the sophisticated barrage of news analysis and instead just watching, listening, and talking to people as you go down river.

Switzerland, by modern standards, should be poor. Like Bolivia, it is landlocked. Like Italy, it has no real gas or oil wealth. Like Afghanistan, its northern climate and mountainous terrain limit agricultural productivity to upland plains. And like Turkey, it is not a part of the European Union.

Unlike Americans, the Swiss are among the most homogeneous people in the world, without much diversity, and they make it nearly impossible to immigrate to their country.

So Switzerland supposedly has everything going against it, and yet it is one of the wealthiest nations in the world. Why and how?

To answer that is also to learn why roughly 82 million Germans produce almost as much national wealth as do 130 million Greeks, Portuguese, Italians, and Spaniards. Yet the climate of Germany is also somewhat harsh; it too has no oil or gas. By 1945, German cities lay in ruins, while Detroit and Cleveland were booming. The Roman historian Tacitus remarked that pre-civilized Germany was a bleak land of cold weather, with little natural wealth and inhabited by tribal savages.

Race does not explain present-day national wealth. From 500 B.C. to A.D. 1300, Switzerland and Germany were considered brutal and backward in comparison to classical Greece and Rome, and later, to Renaissance Venice and Florence.

Instead, culture explains far more — a seemingly taboo topic when economists nonchalantly suggest that contemporary export-minded Germans simply need to spend and relax like laid-back southern Mediterraneans, and that the latter borrowers should save and produce like workaholic Germans to even the playing field of the European Union.

But government-driven efforts to change national behavior often ignore stubborn cultural differences that reflect centuries of complex history as well as ancient habits and adaptations to geography and climate. Greeks can no more easily give up siestas than the Swiss can mandate two-hour afternoon naps. If tax cheating is a national pastime in Palermo, by comparison it is difficult along the Rhine.

The Democrats desire Greece.

American culture has always desired exceptionalism.

“I believe in American exceptionalism, just as I suspect that the Brits believe in British exceptionalism and the Greeks believe in Greek exceptionalism.”
Barack Hussein Obama
Strasbourg, France

 

[JohnnySavage]

Debunking the "millionaires leaving due to high taxes" myth

Yet another urban legend promulgated by the Vettebirther, shot down by the cold hard glare of reality.

It's a mixed message in Maryland, where a millionaire tax was in effect for a few years.

http://articles.baltimoresun.com/20...-millionaire-surcharge-million-dollar-incomes

Anecdotally, I know several high income people who bought a condo across the river and established residency in Virginia for the specific reason of lower taxes. But generally, the drop in high income tax fillers is hard to figure out because of the drop in the economy.

 

[4est_4est_Gump]

"She is absolutely right. Measuring the precise movements of the wealthy is difficult without data. It is even harder to measure the reasons for their movements. And that is why we should take all of these studies for what they are–political talking points with very little supporting data."

From Throb's source.

If anything it shows the Middle-Class fleeing, again, by the statistics presented.

Only the very extremely wealthy can survive.

We do see business flight from places like California though. I also note a common trend that when people flee to lower tax states, the claim is that it is, for places in the NE, the 'consensus' that it is mainly because of weather, but it is my understanding that Southern California has pretty good weather so it might also be the fallacy of Post hoc ergo propter hoc.

I do note that most of this argument seems to be taking place on blogs, which we know Throb hates when we use as a basis of argument, yet here he is, immersed in "blogisms."



We did witness a flight recently from France to England.

Think it's the weather?

 

[4est_4est_Gump]

The number of planned layoffs at U.S. firms rose to an eight-month high in May after computer maker Hewlett-Packard said it planned to cut about 8 percent of its workforce, a report on Thursday showed.

Employers announced 61,887 job cuts this month, a surge of 52.6 percent from 40,559 in April, according to the report from consultants Challenger, Gray & Christmas, Inc. It was the highest level since September.

Job cuts were up 66.7 percent from May 2011 when 37,135 reductions were announced. For 2012 so far, employers have announced 245,540 layoffs, up 20.1 percent from the first five months of 2011.

The computer industry saw the biggest losses with 27,754 planned cuts, 27,000 of which came from Hewlett-Packard Co . The announcement made last week pushed the computer sector into the top spot for layoffs this year, with 32,599 cuts so far.

"While consumers and businesses are spending more on technology, the spending appears to favor a handful of companies," John Challenger, chief executive officer of Challenger, Gray & Christmas, said in a statement.

Read more: http://www.foxbusiness.com/economy/2012/05/31/planned-job-cuts-jump-to-8-month-high/#ixzz1wRtMp9GU

 

[4est_4est_Gump]

We see money fleeing Greece...

Is it the weather?

It might not be taxes, per se, but high tax governments also usually engage in policies harmful to a business environment, so eventually, even if people do not move, they face less opportunity as we see in the flight of NYC's middle class.



Isn't that what the Democrats have been railing about?

General Republican Philosophy destroying the Middle Class?

How many of these $1M a year salaries are in business that makes things and how many are in finance and entertainment?

 

[busybody..]

Today's ADP Report....sucks


NIGGEROM ICKS

 

[4est_4est_Gump]

Today's ADP Report....sucks


NIGGEROM ICKS

No way. The experts have already presaged this:

"The look at the labor market comes a day ahead of the key U.S. jobs report, which is forecast to show hiring picked up in May with 150,000 new positions."

Read more: http://www.foxbusiness.com/economy/2012/05/31/planned-job-cuts-jump-to-8-month-high/#ixzz1wRvGka3P

 

[4est_4est_Gump]

Throb's fallacy in argument is this, the Left has decided to focus on salaries and not business and workers. The salaried are the rulers and the upper crust and have little or no incentive to leave as they also have power and even if their city/state is in decline, as long as they are in charge, they do not really care, until it is new late. They have the means to protect themselves and raise their income.

New wealth, however, flees to Singapore...



All one has to do is examine the census and the loss of Congressional districts to see that economics is causing population shifts, it's just not the weather because anyone who has lived in Texas knows, for a fact, that it can be hell there.

 

[4est_4est_Gump]

Those wascawwy "experts" and their models...

U.S. private employers created 133,000 jobs in May, fewer than expected, a report by a payrolls processor showed on Thursday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 148,000 jobs. April's figure was revised down slightly to an increase of 113,000 from the previously reported 119,000.

Read more: http://www.foxbusiness.com/economy/...-adds-fewer-jobs-than-expected/#ixzz1wRzXWQuI

But you know the unemployment rate will fall to 8%!

We were promised that it would never go that high and voilà! It only went that high because no one knew how bad it could get...

Guess it was a case of bad modeling.

 

[Radiohead]

All one has to do is examine the census and the loss of Congressional districts to see that economics is causing population shifts, it's just not the weather because anyone who has lived in Texas knows, for a fact, that it can be hell there.

Can be??????

 

[4est_4est_Gump]

If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman of Obama's White House Council of Economic Advisors

 

[4est_4est_Gump]

Can be??????

They don't call it Lago for nothin'!

 

[busybody..]

U.S. initial jobless claims rise to highest in five weeks, hitting 383,000 last week


I know

Lets talk


SWEATERS

HORSES

ROCKS

HAIRCUTS

 

[4est_4est_Gump]

U.S. initial jobless claims rise to highest in five weeks, hitting 383,000 last week


I know

Lets talk


SWEATERS

HORSES

ROCKS

HAIRCUTS

Dressage and Polygamy!

 

[busybody..]

Romneys forefathers havent been for a century or so

HO!BO's! father.....WAS!

 

[4est_4est_Gump]

Romneys forefathers havent been for a century or so

HO!BO's! father.....WAS!

Sure did stop KO dead in his tracks...




Where's Throb to scream RW LIES!