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

[koalabear]

Now Bloomberg, Forbes, and the Wall Street Journal are just liberal rags, huh? When did this start? The only "real" business news comes from your friend. Wait, is this your world-famous psychologist friend?

Look! The MORON has nothing to say yet again.

 

[busybody..]

Look! The MORON has nothing to say yet again.

someone outa tell him

about the

ONCE YOU OPEN YOUR MOUFF

EVERYONE KNOWS YOU ARE A DUMMY

TILL THEN, THEY JUST SUSPECT IT

 

[mercury14]

Why didn't your TV pundits and "papers" prepare you for this?

I have been telling you for two years what was going to happen, not because I hate Obama, but because I have been studying the underpinnings of Liberty since 9-11.

I even predicted the sell-off telling Jen after the last time we crossed over 12K that we were due a 10% correction.

When are you and U_D going to admit that we, the evil rw, were correct?

Who's focusing on the DOW as the indicator, we've been focusing on reality, and it is in times like this that the DOW becomes a lens that focuses reality for those who don't pay attention, or are locked into a purely partisan economic model, one which fails every single time it is tried.

Are you even reading what you're typing? You predicted 2 years ago that we were going to have a 10% correction, you just said when it would be. That way if it came, you'd boast about your wisdom... And if it did not come to be, well that's just because it's around the next corner. Or the next corner. Or the one after that.

You're also on record on this thread from ages ago predicting hyperinflation and deflation. You just won't say when. Your predictions are just as useful as someone predicting that a meteor will hit the earth in either the near, moderate, or distant future.

 

[richard_daily]

Are you even reading what you're typing? You predicted 2 years ago that we were going to have a 10% correction, you just said when it would be. That way if it came, you'd boast about your wisdom... And if it did not come to be, well that's just because it's around the next corner. Or the next corner. Or the one after that.

You're also on record on this thread from ages ago predicting hyperinflation and deflation. You just won't say when. Your predictions are just as useful as someone predicting that a meteor will hit the earth in either the near, moderate, or distant future.

Mark my words... Interest rates are going to rise!

 

[mercury14]

All of these wingnuts are on ignore... can someone let me know if they're talking about today's favorable jobs report?

Something tells me that they're not, but I was just curious.

The economy was supposed to put on 50k-80k jobs and ended up with +117k. Unemployment ticked down .1%. AJ pulled his usual "good news is bad news" dumbshittery". Like always, the righties blame Obama whenever the tiniest bit of negative news comes out. But they fail to "blame" him for good news.

Really, +117k is remarkable news considering it happened during the month of the debt ceiling debacle. One has to wonder what the figure would be without it. Makes you wonder if we'll add a nice amount of jobs in August due to companies doing extra hiring that they didn't want to do in July. Of course then if there's a nice amount of job growth in August, these morons will just discredit it as being artificially boosted by the previous month.

 

[mercury14]

Mark my words... Interest rates are going to rise!

Someone want to tell AJ that a 10% correction really isn't *that* big of a deal - certainly not important enough to predict two years in advance?

And that the Dow was only down 7% for the week?

 

[mercury14]

Which is why every time I ask if you are in favor of raising the capital gains tax and sharing in the sacrifice, all I get is *crickets*...




You sound EXACTLY like the people Obama is always talking about, people with money they do not need.

That's because you don't listen. Yes I am in favor of returning the capital gains tax to the Clinton-Era levels for at least the wealthy. I've said this many times.

 

[mercury14]

For three years we've had a war waged by the democrats against the Rich.

As evidenced by Obama extending the Bush tax cuts on the rich and bailing out Wall Street? You know, your "analysis" accidentally forgot to include these things. Why is that?

 

[richard_daily]

The economy was supposed to put on 50k-80k jobs and ended up with +117k. Unemployment ticked down .1%. AJ pulled his usual "good news is bad news" dumbshittery". Like always, the righties blame Obama whenever the tiniest bit of negative news comes out. But they fail to "blame" him for good news.

Really, +117k is remarkable news considering it happened during the month of the debt ceiling debacle. One has to wonder what the figure would be without it. Makes you wonder if we'll add a nice amount of jobs in August due to companies doing extra hiring that they didn't want to do in July. Of course then if there's a nice amount of job growth in August, these morons will just discredit it as being artificially boosted by the previous month.

It was actually +150k private sector jobs, and the government sector shed some jobs (mainly in MN)... bringing us to the total. This should have wingnuts clamoring in approval... Where are they???

 

[busybody..]

The economy was supposed to put on 50k-80k jobs and ended up with +117k. Unemployment ticked down .1%. AJ pulled his usual "good news is bad news" dumbshittery". Like always, the righties blame Obama whenever the tiniest bit of negative news comes out. But they fail to "blame" him for good news.

Really, +117k is remarkable news considering it happened during the month of the debt ceiling debacle. One has to wonder what the figure would be without it. Makes you wonder if we'll add a nice amount of jobs in August due to companies doing extra hiring that they didn't want to do in July. Of course then if there's a nice amount of job growth in August, these morons will just discredit it as being artificially boosted by the previous month.

this is utter BS

teh number expected was 70-110

the number that dropped out was 125K

the revised numbers past 3 months all showed WORSE revisions

for you to use the word remarkable..........makes you a bigger asshole then you usually are

 

[unregistered]

 

[richard_daily]

I believe a good term might be "distended" asshole.

You like talking about assholes and dicks a lot... have you ever noticed that?

 

[mercury14]

I believe a good term might be "distended" asshole.

What's up with your obsession with cocks and assholes lately?

 

[mercury14]

It was actually +150k private sector jobs, and the government sector shed some jobs (mainly in MN)... bringing us to the total. This should have wingnuts clamoring in approval... Where are they???

They're either hiding, or trying to portray good news as actually bad news. The fact that they do this discredits their point of view tremendously.

 

[unregistered]

 

[unregistered]

 

[coastal-boy]

Bond rating downgraded, thanks to Obamumism.

this is actually a good thing...if I have to explain that, then you shouldn't have money in the market.

 

[unregistered]

 

[eyer]

Flashback to 4/19/11:

OOPS!

"There is no chance that the U.S. will lose its top credit rating, Geithner said, forcefully disputing the notion that S&P or other ratings services might downgrade U.S. bonds from their current AAA rating.

"No risk of that, no risk," Geithner said on the Fox Business Network. "

"The administration trotted Geithner out on Tuesday after the S&P report rattled markets on Monday and drove Republican criticism of the White House over the Obama administration's deficit-reduction plans."

OOPS! #2 in the same appearance:

"Geithner said a key step toward reducing uncertainty over U.S. debt would be to authorize an increase in the debt ceiling..."

http://thehill.com/blogs/on-the-mon...r-no-risk-that-us-loses-its-top-credit-rating

The largest debt ceiling increase mankind has ever known and the market still ain't buying...

 

[unregistered]

 

[koalabear]

You must give Obama credit, it's the first time in history the US credit has been downgraded.

 

[Frisco_Slug_Esq]

They're either hiding, or trying to portray good news as actually bad news. The fact that they do this discredits their point of view tremendously.

Yeah, it was a day chock full of good news...

The kind of good news that you are continually letting us know is just the tip of the iceberg, that the stimulus worked, and the economy is not all doom and gloom because not a single one of our predictions have come true (on a specific date).

And you read all the best news too.

Fucking Amazing.

*cherries*

 

[Frisco_Slug_Esq]

Bond rating downgraded, thanks to Obamumism.

this is actually a good thing...if I have to explain that, then you shouldn't have money in the market.

Then you had better grab, U_D, L_T, and the rest of the Obamanomics and explain to them that the sky is not falling...

 

[Frisco_Slug_Esq]

I have a book written by a former financial reporter about his demise into a degenerate stock trader who ended up losing everything if you're interested merc...

 

[Frisco_Slug_Esq]

Scenes of the fall of 2008 were evident yesterday. And the sell-off was not just reserved for equities -- oil and gold, which normally act as a storage of wealth, also fell as worried investors put all their money in cash. The market rebounded following a strong jobs report this morning.

All this cash is being dumped into custodial banks in the U.S. This led the Bank of New York Mellon (BK), the largest custodial bank, to start charging its institutional clients a fee for depositing what they consider an "extraordinarily high" amount of cash -- it has no place to invest it either, and higher cash levels mean higher FDIC fees.

You know it's bad when even the banks don't want your money. So how did this all happen? The farcical debate on the debt ceiling temporarily distracted traders from the slow-motion sovereign debt crisis in Europe. There are stark differences between the debt dilemmas in the U.S. and Europe. In general, the current U.S. debt crisis is largely a self imposed one. Investors still want to buy U.S. debt. Conversely, in Europe, investors are hesitant to buy the debt of the peripheral nations of the eurozone, forcing bond yields to skyrocket. Yields on Italian and Spanish debt passed 6% this week, hitting a record differential to German government bonds.

In response, the European Central Bank announced on Thursday that it would restart a controversial program of buying up the sovereign debt of member nations. The move would ostensibly place the obligations of the peripheral euro member states on to its balance sheet. But this confidence building measure seems to have backfired. Investors fear that the ECB could be biting off way more than it can chew by initiating this second round of bond buying, leading to a false sense of security.

http://finance.fortune.cnn.com/2011...eed:+rss/magazines_fortune+(Fortune+Magazine)

Q€

Now merc will tell us about the positive financial news of the day:

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

About how he supports higher capital gains taxes:

Q: You favor an increase in the capital gains tax, saying, “I certainly would not go above what existed under Bill Clinton, which was 28%.” It’s now 15%. That’s almost a doubling if you went to 28%. Bill Clinton dropped the capital gains tax to 20%, then George Bush has taken it down to 15%. And in each instance, when the rate dropped, revenues from the tax increased. And in the 1980s, when the tax was increased to 28%, the revenues went down.
A: What I’ve said is that I would look at raising the capital gains tax for purposes of fairness. The top 50 hedge fund managers made $29 billion last year--$29 billion for 50 individuals. Those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That’s not fair.
Q: But history shows that when you drop the capital gains tax, the revenues go up.
A: Well, that might happen or it might not. It depends on what’s happening on Wall Street and how business is going.
Source: 2008 Philadelphia primary debate, on eve of PA primary Apr 16, 2008

Maybe he'll tell us about Obama's great leadership, I'm sure it's somewhere in the financial rags to riches he reads (redneck translation: watches on TV):

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.
Senator Barack Hussein Obama, 2006

Maybe he can fill in for costal-boy and tell us why a AA-rating is good news:

A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director