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

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SaintPeter said:
Dig up those Mason jars. Ride into town and buy some stock.

You know you want to.
Click to expand...

Not quite yet my good man. Gold is still going up. In the fall, there might be a surge as profits are taken because I'm actually hoping to unload some stock at the top to buy back into January's lows...
 
MICHAEL BARONE: Why Aren’t Businesses Hiring? “This is as pungent and concise an indictment of the Obama Democrats’ vast expansion of the size and reach of government as I’ve seen anywhere. I just didn’t expect to see it on Nate Silver’s blog.”

UPDATE: Five Unemployed Workers For Every Available Job?
 
It's surprisingly easy to follow the news, politics, and the markets and know when to get in and out...




;) ;)

We knew when Obama started all his big talk, how the people he was talking about, all your rich white dudes Petey, were going to react; they went into full CYA mode...
 
busybody said:
MICHAEL BARONE: Why Aren’t Businesses Hiring? “This is as pungent and concise an indictment of the Obama Democrats’ vast expansion of the size and reach of government as I’ve seen anywhere. I just didn’t expect to see it on Nate Silver’s blog.”

UPDATE: Five Unemployed Workers For Every Available Job?
Click to expand...

__________________
"I guess a small-town mayor is sort of like a community organizer, except that you have actual responsibilities."
Sarah Palin

"Mr. Obama, you are a newcomer (to politics). Wait until your sweat dries and get some experience. Be careful not to read just any paper put in front of you or repeat any statement recommended."
Iranian President Mahmoud Ahmadinejad

In a characteristic display of his now famous modesty, President Obama reacted to the hostility of the Tax Day tea parties by saying, “You would think they should be saying ‘thank you’” — for all he’s done for them. Right now, the fellows saying “thank you” are the mullahs, the Politburo, Tsar Putin, and others hostile to U.S. interests who’ve figured out they now have the run of the planet.
Mark Steyn
 
Frisco_Slug_Esq said:
Bullshit.

We love America! We want Obama to succeed and he WILL!

He's going to make progressive/socialist/marxist/pragmatic-centrist economics work because the smartest people are finally involved.

http://www.cnbc.com/id/38092759

Today, the Dow SURGES to 10,000!
__________________
"The more communal enterprise extends, the more attention is drawn to the bad business results of nationalized and municipalized undertakings. It is impossible to miss the cause of the difficulty: a child could see where something was lacking. So that it cannot be said that this problem has not been tackled. But the way in which it has been tackled has been deplorably inadequate. Its organic connection with the essential nature of socialist enterprise has been regarded as merely a question of better selection of persons. It has not been realized that even exceptionally gifted men of high character cannot solve the problems created by socialist control of industry."
Ludwig Heinrich Edler von Mises

The US economy for a long period of time was the engine of world economic growth. We were sucking in imports from all across the world financed by huge amounts of consumer debt. Because of the financial crisis, but also because that debt was fundamentally unsustainable, the United States is not going to be able to serve in that same capacity to that same extent.
Barack Hussein Obama

We left corporate America, which is a lot of what we're asking young people to do. Don't go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse. Those are the careers that we need, and we're encouraging our young people to do that.
Michelle Obama
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So it's technocrat-thugocracy, eh?
 
This really sums up the economic policy.
Did you hear about McDonalds new Obama value meal?
Order it,and the guy behind you pays for it.
 
Ulaven_Demorte said:
Just a ray of sunshine. :rolleyes:

Keep hoping for failure, it's your only chance.
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What is wrong with you?? There was never enough focus on jobs, from day one, thats pretty obvious. Now the chickens come home to roost....I am sorry to say. I don't why this is such a shock to everyone, Obama had an agenda and it didnt matter who suffered for him to get it. Every politican running in 2010 and beyone should hammer this home. Personally, I think the Jewish vote is up for grabs but thats a different discussion.
 
vetteman said:
UD, your communism seems to be failing:



New Loan Delinquencies on the Rise Again


By: Diana Olick
CNBC Real Estate Reporter


Just when you thought things might be turning around, the mortgage crisis takes yet another little dip to the downside.

Lender Processing Services just put out its May "Mortgage Monitor," and some promising trends aren't so promising anymore, specifically new delinquencies and cure rates.

While the total delinquency rate rose 2.3 percent, which is not surprising given how much is in the pipeline, the 30-day delinquent bucket jumped 10 percent. That is surprising because the that number had been coming down of late. The LPS data report says that's because the "seasonal improvement period has expired," but I'm not sure normal seasonal patterns really apply to this market anymore.

More likely is that home prices are not rebounding at the expected/hoped for pace, prompting more borrowers who are underwater on their loans to choose not to pay. And while the job market isn't bleeding so much anymore, it's not adding jobs back at the rate we need, nor is it re-instituting those full time jobs that were slashed to part-time, leaving many borrowers still "underemployed." So the delinquency rate nationwide now stands at 9.2 percent from this particular data set, and with the rise in new delinquencies, it won't be coming down any time soon.

How do I know this?

Because the report also finds that the "cure rate," which is the rate at which bad loans actually get better, i.e. the borrowers start to pay again, is getting worse.

After a two-month decline, deterioration ratios increased, with 2.5 loans rolling to a "worse" status for every one that has improved. The number of delinquent loans that "cured" to a current status declined for every stage of delinquency, except in the "greater than six months delinquent" category. This improvement was likely the result of trial modifications made through the Home Affordable Modification Program (HAMP) that transitioned into permanent status.

Oh good, so the HAMP program is helping "cure" those 6 month+ delinquencies. No, they're just delaying them yet again, since we know that the re-default rate on HAMP is only rising. Forget cure and think remission.

http://www.cnbc.com/id/38110678
Click to expand...

Can't pay da mortgage if you don'ts haves a jobs.....bama
 
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