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

[toubab]

Japan is the suspect to keep an eye on. Soon enough theyll get their shit together and bitch-slap North Korea, then China.

Here's the players for World War 3: US vs Japan & Mexico....maybe Turkey.

On the off chance you were being serious, Japan is a threat to no one. They are in serious trouble due to an aging population and limited resources. They won't be bitch-slapping anybody, and neither will Mexico.

 

[IrezumiKiss]

Aside from comic relief, I've stuck to the issues...

One issue is how focused Michelle seems to be on wealth and status

No, she's not.

That's why you gotta say "seems" as opposed to "is." It gives you a limp-wristed, passive-aggro door out from every assumption you make in the name of blurting because you can't conclusively prove the shit you're drooling, but you have this make-believe power in just saying shit. Opinion doesn't make for good bullets in your gun, Quick Draw McGraw.

You're more cute when you do your faux-insider knowledge hipster sing-a-long snark than you are in trying to manufacture issues for the sake of needing something to say. Petey is winning these throwaway tennis matches against you, maybe you ought to switch to something more obscurely special, like jai alai.

 

[RightField]

No, she's not.

That's why you gotta say "seems" as opposed to "is." It gives you a limp-wristed, passive-aggro door out from every assumption you make in the name of blurting because you can't conclusively prove the shit you're drooling, but you have this make-believe power in just saying shit. Opinion doesn't make for good bullets in your gun, Quick Draw McGraw.

You're more cute when you do your faux-insider knowledge hipster sing-a-long snark than you are in trying to manufacture issues for the sake of needing something to say. Petey is winning these throwaway tennis matches against you, maybe you ought to switch to something more obscurely special, like jai alai.

On the off-chance that your argument isn't convincing, you could always jump up and down several times and shout "She is not!" simultaneously.

 

[IrezumiKiss]

On the off-chance that your argument isn't convincing, you could always jump up and down several times and shout "She is not!" simultaneously.

No need to convince anyone over an "argument" with the weight of helium. Michelle brushes the dirt off her shoulder on a daily basis and this green envy bullshit don't even qualify to stick on the sole of her shoes.

 

[cebalrai]

Hey, did ya see that Bush is pulling up even with Obama in the polls?

It's so stupid to compare polling of sitting vs non-sitting presidents.

 

[cebalrai]

What happened to Vetteman's prediction that the Dow was about to plummet to 5000?

 

[Ulaven_Demorte]

What happened to Vetteman's prediction that the Dow was about to plummet to 5000?

It went the same way the vast majority of Vetteman's predictions seem to, the opposite direction.

I don't think he could possibly be wrong more often.

 

[trysail]

U.S. Debt Clock:
http://www.usdebtclock.org/

 

[unregistered]

 

[trysail]

http://noir.bloomberg.com/apps/news?pid=20601095&sid=a7nP6lKyuVZI


Russian Reserves Reach Two-Year High as Euro Surges
By Emma O’Brien

Oct. 14 (Bloomberg) -- Russia’s international reserves rose to the highest in two years last week as the strengthening euro bolstered the world’s third-largest foreign currency stockpile.

Reserves jumped $6.7 billion to $501.1 billion, Russia’s central bank said in a statement on its web site today. It’s the first time the reserves have broken $500 billion since mid- October 2008, a month after the collapse of U.S. brokerage Lehman Brothers Holdings Inc. triggered the global credit crisis.

“This is only because the euro moved so much,” Alexey Moiseev, chief economist and head of research at VTB Capital, the investment banking arm of Russia’s second-largest bank, said by phone in Moscow today. “Russia will give up the 500 level as soon as the euro starts to pare back its gains.”

The euro climbed 1.1 percent against the dollar last week, its fourth straight week of gains, as investors shunned U.S. assets amid concern the economic recovery will slow and the Federal Reserve may ease monetary policy further. Euros account for 41 percent of Russia’s reserves, while dollars constitute 47 percent, British pounds 10 percent, Japanese yen 2 percent, along with a small amount of Swiss francs, First Deputy Chairman Alexei Ulyukayev said in June.

Russia is concerned about the “increased volatility” of reserve currencies as it could be a sign of increasing instability in the global financial system, Finance Minister Alexei Kudrin said in Moscow today. The U.S. is using monetary policy as a way of “solving structural problems” in its economy, he said.

‘Gradual Devaluation’
The U.S. benchmark interest rate is a record low 0.25 percent, spurring investors to shun the currency and seek out higher yielding assets elsewhere.

Russia reduced its reserves from a record $598.1 billion at the beginning of August 2008 to $376.1 billion in March 2009, the lowest since at least January 2008. The nation’s central bank buys and sells foreign currency to manage the ruble and prevent swings that hurt exporters and used the reserves to engineer a “gradual devaluation” of the currency between November 2008 and the end of January 2009, as the global economic crisis and credit crunch hit.

Bank Rossii hasn’t intervened to steer the ruble since mid- September so currency management is not a factor currently influencing reserves, Moiseev said.

Given the weakening dollar, Russia is “considering many options” for diversifying the stockpile, Bank Rossii’s Ulyukayev told reporters in Moscow yesterday. There are many currencies “with good potential” that are not fully convertible, which takes them out of consideration for reserves, Ulyukayev said. Russia wants a varied reserves make-up of liquid currencies because it decreases risk, he added.

Only China and Japan have larger reserves than Russia, data compiled by Bloomberg show.

 

[Slowlane]

http://noir.bloomberg.com/apps/news?pid=20601095&sid=a7nP6lKyuVZI


Russian Reserves Reach Two-Year High as Euro Surges
By Emma O’Brien

They seem to be bent on keeping their money. Hence the lay off of half a million government employees. Guessing, of course. Not about the lay off, it's real, but the why of it.

 

[mercury14]

Dow at 11,100 now. We just pulled the trigger on some investments today and banked over $26,000 in gains. Not bad considering Obama hates people who make money.

 

[mercury14]

When was that? Got a link?

Actually I remember this too. You cited a "highly respected" economist that said that the Dow was going to plummet to 5000 points. Then when people laughed at you, you defended the guy.

And then you were posed with the question as to why you'd support the privitization of social security if the economy was poised to drop to 5000 pts. The evaporization of the baby boomer generation's retirement savings would be a massive national crisis. But you still defended the idea.

You honestly don't remember that???? Fucking convenient, eh?

 

[Ulaven_Demorte]

Dow at 11,100 now. I just pulled the trigger on some investments today and banked over $26,000 in gains.

You will notice, as I have, that those that have been actively rooting for economic failure run silent and deep, or predict that the next crash is just around the corner (the good Cap'n has been claiming economic prescience of late.. inflation! deflation! double dip! ) when the Dow is holding steady or making gains.

It's brilliant really, when the market is down they blame Obama and the Democrats for bringing about the economic Armageddon that was actually caused by eight years of their economic policies, then when the market is up they blame the Democrats for manufacturing gains that will soon crash down around our ears.

Most of the "Right" here remind me of the old cartoon character of Marvin the Martian after Bugs Bunny (Obviously a Democratic Hare) diffused their (economic) Illudium Q-36 Explosive Space Modulator:

"Where's the kaboom? There was supposed to be an earth shattering kaboom!"

Meanwhile in "The Real World™": The Dow is slowly recovering from the economic disaster brought on by "Conservative" economic policies and massive deregulation of the banking industry championed by the right and the banking industry lobby.

 

[unregistered]

 

[Frisco_Slug_Esq]

You just haven't been around much, speaking of silent and deep in the face of the election...

We told you the DOW would rise at the end of the year and why a year ago. You might want to review.

Besides, you don;t pay attention to the DOW, just the LEIs. To Obama and the Democrat's credit, the economy IS growing. It's just growing so anemically that it cannot stop shedding jobs. Just note the low volume and volatility of the markets with swings each way. We've been at 11K before. Even during the Depression, there were "bright" spots. So just keep that in mind as you celebrate "victory" over the Right Wingtards. I mean, if you WANT me to bump this up every day with the unemployment numbers the way we saw the dead used in Iraq, I can.



Of course, had the Democrats actually done a budget, or addressed the issue of the Bush Tax cuts then the future would be more certain and business could plan around it. As it is, the only thing they are sure of is that tax rates and health care rates are going up, but if they will hire, Obama will give them about 2% of their hiring cost back because he LOVES small business...

So, at the supermarket, name brands are deflating their price at the same time the Fed is openly inflating the currency. Again, a sign of an economy in a Depression cycle as we hear that Obama just learned that there is no thing as a shovel-ready job while at the same time, he keeps planning on more stimulus spending even as every sane person in the world is arguing that spending must be curtailed which is why we see rioting over in Europe as the libs demand, "Don't you DARE cut our benefits..."

... in California Moonbeam promises the sanctuaried undocumented Democrats, "We will pay for your kid's education..."

And typically, while you are doing well, you celebrate and dance and declare victory while 10% of the nation cannot find employment.

These are indeed, the best of times, and the worst of times...
__________________
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."
Milton Friedman

The want of confidence in the public councils damps every useful undertaking, the success and profit of which may depend on a continuance of existing arrangements. What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful before they can be executed? What farmer or manufacturer will lay himself out for the encouragement given to any particular cultivation or establishment, when he can have no assurance that his preparatory labors and advances will not render him a victim to an inconstant government?
Madison, Federalist 62.

 

[Frisco_Slug_Esq]

And mercury/celebarai/whoever,




A year ago I told ya'll that I too would be taking profit at the end of this year along with businesses trying to get their profits in before the tax increases...


What a bunch of morons we get to deal with every day.

 

[Frisco_Slug_Esq]

The market is cycling up on a weak Dollar.

Fed's pumping money into the economy...




U_D screams "SHOW ME DA WHEELBARROW!!!!"


'Cause all I see is 10% unemployment and as EVERYONE knows, that's just a lagging indicator and the best reason I can think of to vote Democrat in 12 days...

 

[Frisco_Slug_Esq]

What happened to Vetteman's prediction that the Dow was about to plummet to 5000?

What happened to Obama's prediction of only 8% unemployment with the spending that occurred AFTER the end of the recession?

 

[unregistered]

 

[Frisco_Slug_Esq]

Note that Obama's buddies on Wall Street are back to business as usual including high pay and huge bonuses, meanwhile, all Main Street hears from U_D and the Obamanation is...

*chirp*

*chirp*

*chirp*

.
.
.

Nobody criticizes Our Obama!!!

 

[Saint Peter]

Nobody criticizes Our Obama!!!

Don't cut yourself short!

 

[Frisco_Slug_Esq]

Very Superstitious, Writing's on the wall...

Democrats in the United States must be wishing that their French brothers would pipe down, at least until after November 2, because American voters may notice that everything the Democrats want for America is what France already has.

Years of socialist legislation have shackled France’s economy and depressed growth. Between 1980 and 2000, only Greece and Germany grew more slowly (in Germany’s case, reunification took its toll). French law mandates a “livable” minimum wage, with the result that jobs are comfortable for those who have them but often unobtainable for those who don’t. Because the French also make it extremely difficult to fire people, employers are reluctant to hire. The unemployment rate hovers around 10 percent. But for the young, the rate is closer to 25 percent. And for African and Arab immigrants, 50 percent is the norm.

The French government has an active “industrial policy,” guiding “investment” in favored companies and industries. Employment is highly regulated. Until 2008, the government required that workers be asked to toil no more than 35 hours per week and guaranteed a month of paid vacation each year. The health-care delivery system is public. And taxes are high — a marginal rate of 50 percent — among the highest in the Organization for Economic Co-operation and Development.

But France is deeply in debt and faces an aging population. In order to maintain its AAA bond rating, the French government is frantic to find economies. Thirty-five years of uninterrupted deficits have driven France’s gross debt to 1.4 trillion euros, equivalent to about 86 percent of GDP, according to Bloomberg news. (We are not far behind, with debt equivalent to 67 percent of GDP.)

But all of those goodies distributed by the state — all those free lunches — have significantly corrupted France’s civic culture to the point where any cut in benefits, even a trifling change in the retirement age, is violently resisted. One protester, Reuters reports, carried a sign reading “To hell with the national debt! We’ll give them nothing and we don’t give a damn about their AAA.” These are socialism’s spoiled brats.

What Democrats have most to fear is that American voters will perceive that, indignant denials notwithstanding, Harry Reid, Nancy Pelosi, Barney Frank, Patty Murray, Joe Sestak, Barbara Boxer, Jerry Brown, and the Democratic party in general, are indistinguishable from the socialist parties of Europe — with this difference: Where the Europeans are struggling to reverse their leftward lurch, the Democrats are accelerating ours.

Mona Charen
NRO

 

[jeninflorida]

if obama is a leader....why do most CEO's dislike/distrust obama?

You will notice, as I have, that those that have been actively rooting for economic failure run silent and deep, or predict that the next crash is just around the corner (the good Cap'n has been claiming economic prescience of late.. inflation! deflation! double dip! ) when the Dow is holding steady or making gains.

It's brilliant really, when the market is down they blame Obama and the Democrats for bringing about the economic Armageddon that was actually caused by eight years of their economic policies, then when the market is up they blame the Democrats for manufacturing gains that will soon crash down around our ears.

Most of the "Right" here remind me of the old cartoon character of Marvin the Martian after Bugs Bunny (Obviously a Democratic Hare) diffused their (economic) Illudium Q-36 Explosive Space Modulator:

"Where's the kaboom? There was supposed to be an earth shattering kaboom!"

Meanwhile in "The Real World™": The Dow is slowly recovering from the economic disaster brought on by "Conservative" economic policies and massive deregulation of the banking industry championed by the right and the banking industry lobby.

 

[Ulaven_Demorte]

if obama is a leader....why do most CEO's dislike/distrust obama?

Says who?