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

[jeninflorida]

omg, how can a government do that? if anything we need more spending

Britain and Germany cutting spending

http://www.latimes.com/news/nationworld/world/la-fg-britain-cameron-20100608,0,5322342.story

 

[IrezumiKiss]

omg, how can a government do that? if anything we need more spending

http://www.myepicwin.com/thumbs/DZJ7DCO4JRM2/Z2PK0TXJRTTQ/Darth-Vader-Woman-Make-Me-a-Sandwich.jpg

 

[Beco]

http://www.myepicwin.com/thumbs/DZJ7DCO4JRM2/Z2PK0TXJRTTQ/Darth-Vader-Woman-Make-Me-a-Sandwich.jpg

great post, as always....

 

[Sean Renaud]

Uh, fellow libs maybe as the doom and gloom returns in force and the double dip begins we shouldn't be bumping this thread quite so much?

 

[IrezumiKiss]

great post, as always....

Knew you'd love it, Faneros....

 

[mercury14]

Uh, fellow libs maybe as the doom and gloom returns in force and the double dip begins we shouldn't be bumping this thread quite so much?

I think Bernanke said that there wont be a double-dip recession and that this is just a market correction. When Greece/Europe start to get back on track the markets will shoot back up.

There are some great bargains out there for investors right now. Today's mini-rally snatched some of the great deals off the table I was looking at. I snooze I lose.

 

[cebalrai]

The Dow surges 2.8% today as Europe shows signs of stabilizing its debt crisis. Both the US trade deficit and monthly deficit turned out to be better-than-expected.

 

[cebalrai]

I think Bernanke said that there wont be a double-dip recession and that this is just a market correction. When Greece/Europe start to get back on track the markets will shoot back up.

There are some great bargains out there for investors right now. Today's mini-rally snatched some of the great deals off the table I was looking at. I snooze I lose.

Should have bought BP. Their stock was up 13% at one point today.

 

[firespin]

I think Bernanke said that there wont be a double-dip recession and that this is just a market correction. When Greece/Europe start to get back on track the markets will shoot back up.

There are some great bargains out there for investors right now. Today's mini-rally snatched some of the great deals off the table I was looking at. I snooze I lose.

Bernanke the great seer tells all?

"July 2007

BERNANKE: The pace of home sales seems likely to remain sluggish for a time, partly as a result of some tightening in lending standards, and the recent increase in mortgage interest rates. Sales should ultimately be supported by growth in income and employment, as well as by mortgage rates that, despite the recent increase, remain fairly low relative to historical norms. However, even if demand stabilizes as we expect, the pace of construction will probably fall somewhat further, as builders work down the stocks of unsold new homes. Thus, declines in residential construction will likely continue to weigh on economic growth in coming quarters, although the magnitude of the drag on growth should diminish over time. The global economy continues to be strong, supported by solid economic growth abroad. U.S. exports should expand further in coming quarters. Overall, the U.S. economy seems likely to expand at a moderate pace over the second half of 2007, with growth then strengthening a bit in 2008 to a rate close to the economy's underlying trend. "

oops.

http://www.freerepublic.com/focus/news/2306834/posts

 

[mercury14]

Bernanke the great seer tells all?

"July 2007

BERNANKE: The pace of home sales seems likely to remain sluggish for a time, partly as a result of some tightening in lending standards, and the recent increase in mortgage interest rates. Sales should ultimately be supported by growth in income and employment, as well as by mortgage rates that, despite the recent increase, remain fairly low relative to historical norms. However, even if demand stabilizes as we expect, the pace of construction will probably fall somewhat further, as builders work down the stocks of unsold new homes. Thus, declines in residential construction will likely continue to weigh on economic growth in coming quarters, although the magnitude of the drag on growth should diminish over time. The global economy continues to be strong, supported by solid economic growth abroad. U.S. exports should expand further in coming quarters. Overall, the U.S. economy seems likely to expand at a moderate pace over the second half of 2007, with growth then strengthening a bit in 2008 to a rate close to the economy's underlying trend. "

oops.

http://www.freerepublic.com/focus/news/2306834/posts

Key word "likely"?

 

[rosco rathbone]

"....to anticipate mob psychology rather than the real trend of
events, and to ape unreason proleptically."


The function of the stock-market speculator, according to Keynes.

 

[busybody..]

Key word "likely"?

I only showed uo here cause I saw YOU were the last post and wanted to see what IDIOCY you posted

You dont disappoint

GEEZ, WHAT A DUMMY

 

[firespin]

Key word "likely"?

So what did he say about the double-dip?

"Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.

"My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said"

http://www.huffingtonpost.com/2010/06/07/bernanke-no-double-dip_n_603882.html

It would be easier and more accurate for him to say he has no idea what's going to happen.

 

[Beco]

So what did he say about the double-dip?

"Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.

"My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said"

http://www.huffingtonpost.com/2010/06/07/bernanke-no-double-dip_n_603882.html

It would be easier and more accurate for him to say he has no idea what's going to happen.

The dope just put it out there. Double dip, here we come...

 

[busybody..]

WASHINGTON (Reuters) - Sales at retailers unexpectedly fell in May for the first time since September following a record slump in purchases of building materials, adding to fears the economic recovery was losing some steam.

The Commerce Department said total retail sales dropped 1.2 percent, the largest decline since September, after rising by an upwardly revised 0.6 percent in April. Sales in April were previously reported to have increased 0.4 percent.

Analysts polled by Reuters had forecast retail sales rising 0.2 percent last month.

Retail sales, which had risen for seven straight months, were up 6.9 percent compared to May last year.

U.S. stock index futures fell on the report, while Treasury debt prices rose. The U.S. dollar fell broadly.

"There's no getting around the fact you saw some consumer retrenchment in the month of May. The number is going to call into question the strength of consumer spending for the second quarter," said Kevin Flanagan, chief fixed income strategist at Morgan Stanley Smith Barney in Purchase, New York.

The decline in sales follows a report last week showing private businesses unexpectedly held back on hiring in May after expanding payrolls for two months, a trend which could undermine recovery from the worst recession since the 1930s.

 

[Frisco_Slug_Esq]

So what did he say about the double-dip?

"Federal Reserve Chairman Ben Bernanke said Monday he is hopeful the economy will gain traction and not fall back into a "double dip" recession.

"My best guess is we will have a continued recovery, but it won't feel terrific," Bernanke said"

http://www.huffingtonpost.com/2010/06/07/bernanke-no-double-dip_n_603882.html

It would be easier and more accurate for him to say he has no idea what's going to happen.

I just don't get the spike in gold prices he tells us...

What a Laffer!

http://online.wsj.com/article/SB100...5264513748386610.html?mod=WSJ_latestheadlines

 

[busybody..]

I just don't get the spike in gold prices he tells us...

What a Laffer!

http://online.wsj.com/article/SB100...5264513748386610.html?mod=WSJ_latestheadlines

no one will get this

 

[Frisco_Slug_Esq]

no one will get this

Firespin might thanks to rosco's "rebuttal"

 

[Frisco_Slug_Esq]

New JPIIGS: The Economic Picture





http://forum.literotica.com/showthread.php?t=713120
__________________
I'm Hungary for some €PIIGS!
A_J, the Incredulous

 

[Frisco_Slug_Esq]

...

On Capitol Hill, a staffer for Sen. Charles Grassley, ranking Republican on the Senate Finance Committee, was poring through the Federal Register and spotted the note. Then he went to the Department of Labor Web site, where he found a number of announcements like these:

** U.S. Department of Labor Announces $100 Million in Green Jobs Training through Recovery Act

** U.S. Department of Labor Announces $150 Million in "Pathways Out of Poverty" Training Grants for Green Jobs

** U.S. Department of Labor Announces Nearly $190 Million in State Energy Sector Partnership and Training Grants for Green Jobs

In the staffer's mind, two and two came together. The Labor Department is shoving money out the door for "green jobs," yet at the same time is admitting it doesn't know what a "green job" is.

Cue Grassley, a longtime watchdog of funny business in the federal bureaucracy. In a June 2 letter to Labor Secretary Hilda Solis, Grassley noted that there was an enormous amount of money in the $862 billion stimulus bill for those still-undefined green jobs.

"According to the administration, the Recovery Act contains more than $80 billion in clean energy funding to promote economic recovery and develop clean energy jobs," Grassley wrote. "However, it has come to my attention that the [Labor Department] is just now attempting to define what a 'green job' is. Interestingly, this comes more than a year after the Recovery Act was signed into law and after millions of dollars in funding have already been distributed for green jobs."

Since the Labor Department is looking for a definition after spending hundreds of millions of taxpayer dollars on green jobs, Grassley asked, then what definition of green jobs did it use when it spent the money?

The question applies beyond the Labor Department. What about all the other government agencies that are spending zillions on green jobs? They don't have a widely accepted definition either.

Grassley voted against the stimulus. But since it passed, he wants to hold the administration accountable for the money. "This inquiry is a measure of oversight to make sure the money is spent the way supporters of the legislation said it would be spent," he says. "I'm asking how the administration is distributing the money for what it said would go to clean energy jobs. If the criteria were too broad or poorly defined, the money might be going for other kinds of spending."

So far, the Labor Department has not yet responded to Grassley, and a spokesman did not respond to a request for comment.

Meanwhile, even as it searches for the definition of a green job, the Labor Department is assuring Congress that everything is going gangbusters on the green job front. "The demand for green job training opportunities is enormous," Solis told a Senate committee in March, adding that the Labor Department had by that time already spent $500 million on green jobs, with more to come. "The department has been unable to keep pace with the record number of applications for grants."

Last year, Republicans complained that the Obama administration planned to spend billions on an ill-defined concept of green jobs. Now, billions have been spent, and many more will be spent, and the administration still can't tell you what a green job is. Just look at the Federal Register.

President Obama says he values accountability. How about accounting for those green job billions?

Byron York
http://www.washingtonexaminer.com/p...green-jobs__-whatever-they-area-96098934.html


Read more at the Washington Examiner: http://www.washingtonexaminer.com/p...hatever-they-area-96098934.html#ixzz0qYXZOoO1

 

[Ulaven_Demorte]

Almost 8 months since this thread started and the economy still hasn't collapsed.

I can almost see the disappointment on the faces of the usual suspects.

 

[unregistered]

 

[koalabear]

Almost 8 months since this thread started and the economy still hasn't collapsed.

I can almost see the disappointment on the faces of the usual suspects.

A look you are no doubt familiar with each time you visit your mother.

 

[Ulaven_Demorte]

And your bubbling optimism has yet to be vindicated.

Actually, things are going pretty well considering the shape things were in at the beginning of 2009. Business at my company is BOOMING, has been for quite some time now, and conventions really just don't happen when business is poor.

A look you are no doubt familiar with each time you visit your mother.

Poor little bear, projecting your mommy issues onto me? Don't worry, I'm sure you can pay someone to give you a hug and tell you that it's all going to be alright.

You cashed that Social Security check right? I don't think they'll extend condolences on credit.

 

[unregistered]