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

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Ulaven_Demorte said:
With the Dow climbing near 10,000 again what's happened to all of the dire, end of the world ravings of our resident "conservative" economists?

Where is all of this inflation we were warned about? According to reports the Consumer Price Index is down 1.5% overall from last year. Despite Augusts increase in prices, gasoline is still down 30% from the high a year ago.

Despite the dire warnings of some of Lit's resident math wizards the Chinese are still very much interested in buying US Treasury securities.

I guess the sky isn't falling after all. :cool:
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They crashed. :D
 
Byron In Exile said:
:rolleyes:

You don't even know what a dimwit you are, do you?

Take your own advice.
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Awwwww. Don't be beastly to me, Mr. Exile. Did I fuck up your little spacecraft solo circle jerk here, guy? Was there a message you were trying to import to the audience with all those images, or were you killing time until your girlfriends who're so impressed with your Latin ability come online?

Do you want me to say I'm sorry? Okey-doke. I'm so sowwy, Bywon. Pwease fwogive me. *wipes tear of shame*

Don't worry 'bout me, baby paw. I'm just killing time watching GameCast until the Yankees ride the Jays and put 'em away wet. Then I'm out to enjoy life a little bit. You can come back to your space shuttle masturbation session then, I won't spoil your evening. Pinky promise.

http://cache.gawker.com/assets/images/comment/39/2010/09/dec16931db94c2cc517c8477260cf768/original.gif
 
IrezumiKiss said:
Awwwww. Don't be beastly to me, Mr. Exile. Did I fuck up your little spacecraft solo circle jerk here, guy?
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No. If that was your intent, you failed.

Was there a message you were trying to import to the audience with all those images, or were you killing time until your girlfriends who're so impressed with your Latin ability come online?
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It was the latter, I admit.

Do you want me to say I'm sorry? Okey-doke. I'm so sowwy, Bywon. Pwease fwogive me. *wipes tear of shame*
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*snerk*

Don't worry 'bout me, baby paw. I'm just killing time watching GameCast until the Yankees ride the Jays and put 'em away wet. Then I'm out to enjoy life a little bit. You can come back to your space shuttle masturbation session then, I won't spoil your evening. Pinky promise.
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How fun that sounds! (Not really.)

You and Wholly Drivel should team up.
 
Ulaven_Demorte said:
Meanwhile the DOW is climbing toward 11K, Factory jobs are on the rise, Home prices are climbing, the Manufacturing ISM report on business shows new orders, production and employment growing, and here the usual suspects are still hoping against hope for failure.

I found it exceedingly funny that the Cap'n claimed to have predicted the end of the recession while constantly harping that the second dip was coming any day now. :cool:
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I never claimed to have predicted the end of the recession.

Let me point out that when this thread began, you were all over the fact that the market was climbing and all the LEIs were up (but when the DOW fell, you paid no attention to the daily ups and downs, a meaningless indicator). This is what? the third, or the fourth time that that has happened?
 
9-17-09




That was over a YEAR ago...

Congressional Budget Office Director Doug Elmendorf testified before the Senate Budget Committee today on long-term effects from extending the Bush tax cuts. The headline claim in his testimony is that an extension, whether full or partial, will reduce national income in 2020. While lower tax rates grow the economy, increased government borrowing shrinks it; in CBO’s estimation, the latter will more than offset the former.

Less noticed, though, is a key implication of this presentation. In the CBO’s strong labor response model, a full extension of the tax cuts knocks 0.6 percentage points off of GNP, whereas a partial extension as proposed by President Obama (which would raise earned and unearned income tax rates on most filers making over $250,000 per year) would cost 1.2 points of GNP. That is, a partial tax cut extension is worse for the economy than a full extension, even though the full extension grows the national debt by more.
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http://www.nationalreview.com/agend...ing-taxes-rich-will-shrink-economy-josh-barro

Yeah, we're headed in the right direction...

;) ;)
 
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