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

[4est_4est_Gump]

Sorry chief, the damned search function won't let me search on the word "gold" and I've neither time nor inclination to wade through your tens of thousands of posts.

It was in a thread where I asked you to detail your investment portfolio to us, since you've been bragging since the day you arrived here how you always beat the market.

When I held your feet to the fire, that's when you started spluttering about being 100% invested in gold.

So now that you're NOT 100% invested in gold, why not give us a breakdown of exactly what mutual funds you're invested in and the percentage invested in each? That way we can compare your braggadocio to actual results at the end of this year!!

(Just kidding, we know you're too cowardly to do that)

Your memory fails you.

U_D tried to pull the same shit; the mantra that he was so fucking smart because he held onto all of his stocks while we stupid, stupid, stupid, and can we hear another stupid? panicked, sold all our stocks and bought gold, and boy will we have egg on our faces because we're, like you know stupid, otherwise, we'd be, uh, you know, fucking Democrats who know fucking everything, like a booming economy when they see one and while they never saw one while Bush was president, boy do they ever see one now, and boy are they sure full of themselves, why they're even going to let those evil Bush tax cuts expire so that they'll be rolling in the walking around money...

THEN WE'LL SEE WHO'S TRULY STUPID!

:nods:

“Under current law, on Jan. 1, 2013, there’s going to be a massive fiscal cliff of large spending cuts and tax increases,” Bernanke told the House Financial Services Committee. “I hope that Congress will look at that and figure out ways to achieve the same long-run fiscal improvement without having it all happen at one date.
“All those things are hitting on the same day, basically. It’s quite a big event.”

The tax hikes and spending cuts could knock GDP growth in 2013 down from 2.6 percent to 1 percent, according to Andrew Fieldhouse, a federal budget policy analyst with the liberal Economic Policy Institute .

“There is obviously a huge fiscal drag pending if Congress adheres to existing law,” he said.

Bernanke’s comments underline the stakes for this year’s post-election lame-duck session of Congress, when the fate of the tax rates and spending cuts are likely to be determined. Congress is also not expected to raise the debt ceiling until after Election Day, but is unlikely to be able to punt that decision beyond the lame-duck session.

The nation’s triple-A credit rating hangs in the balance, with agencies likely to decide on whether to downgrade the United States depending on what happens to the debt ceiling, tax rates and spending cuts. The fiscal triple whammy was set up by the failure of a supercommittee of lawmakers to agree on a deficit-cutting plan last year.

Bernanke, who has long advised policymakers to rein in the deficit, called again Wednesday for a “credible plan” to reassure markets that the nation is repairing its finances.

But Obama offers no credible plan, and TIMMAH! acknowledges that openly every time he goes to Congress to talk about a budget he and his boss know will not pass in the Democrat Senate....

You see, they know their voters are as fucking dumb economically as a bag of rocks and are focused on the miracle of Social Justice and the redistribution of wealth in the name of fairness which is these "good times" are doomed to gloomier days in the future.

So keep on lying, about what I said and to yourself about what is really going on because I'm enjoying looking stupid...

http://thehill.com/blogs/on-the-money/801-economy/213351-fed-boss-warns-of-massive-fiscal-cliff

 

[4est_4est_Gump]

That's why every analytics agency from JP Morgan Chase to the CBO uses multiple models and formulates a range of conclusions. JP Morgan Chase's assessment is that the stimulus raised the GDP at a critical time by 2.1%-2.7%; that range is because they use a range of models from bold to conservative.

What I'm doing is referring to a range of agency assessments, each of which use a range of models. But since Wall Street isn't backing your right wing narrative, you've resorted to this bizarre position of "economics really isn't possible". You look desperate as hell, not to mention completely dishonest.




Yes it does.




There was an 8k joke, 9k joke, 10k joke, 11k joke, and an 12k joke. Now at 13k you find it not so funny, eh?




A slip? Did the economy experience any one of the three double-dip recessions you predicted? Or the hyperinflation you predicted? Or the deflation you predicted? Or the stagflation you predicted?

The recession was deep and the recovery has been slowed by the foreclosure crisis and subsequent housing backlog, and by an economic crisis in Europe. But sitting here insisting we're not in a recovery keeps you from being a credible person.

I never predicted that. I provided doom and gloom material for entertainment purposes.

I predicted a lost decade and a depression.

So keep beating your drum, banging your gong and parading your expert analysis for all to see, for what actually happened was not what your team predicted and going back to analyze it and say, well, even though it failed, it really succeeded gives no one confidence going forward that any of your current ideas, or plans, like raising taxes by allowing the Bush-era rates to expire, are going to produce manna and honey any more that a trillion dollars of spending did.

And again, not one of them can produce a viable analysis of what would have happened without the magic of Lord Keynes and the economic divinations of the Socialists of the Chair...

Though somehow, you seem to think they can.

Mired in historical static analysis that pretends the future will somehow be like the past, but you know it never is, you know they never will (and the patches make the goodbye harder still)...

 

[mercury14]

I think it's my responsibility to work hard and do the best I can for my family, my friends at work, my country and my integrity. The group that bothers me is the one that wants to take more and more out of my pocket (and out of my kids mouths) in taxes to pay for more and more programs that seem to be designed only to "bribe" people into voting democrat.

It bothers me that they fund their friends through Solyndra, a dozen other energy programs, the stimulus that wasn't, Fannie Mae/Freddie Mac (Franklin Raines making $90M over 7 years running a quasi-government organization while "donating" millions to dem campaigns and costing taxpayers billions), and espousing programs like high-speed rail which seems to be nothing but a handoff to the unions with no practical benefit to the country (how many profitable train lines are there in the country....maybe 2 out of several hundred?) while adding astronomical amounts to our debt so that they not only impoverish me, the impoverish my grandkids (that aren't born yet).

I won't begrudge you your opinion, but I'm the one working 60-90 hours a week and paying almost 50% in taxes, what are you doing?

So you work up to 18 hours per day? Or 13 hours per day including Saturdays and Sundays? And you pay almost 50% in taxes? And you still have time to pore through the news and the conservative blogosphere? And after that you still have time to be a prolific GB poster?

Something isn't adding up here.

But I guess what you're getting at is that your line about taxes discouraging hard work was a total line of crap this whole time.

 

[4est_4est_Gump]

So you work up to 18 hours per day? Or 13 hours per day including Saturdays and Sundays? And you pay almost 50% in taxes? And you still have time to pore through the news and the conservative blogosphere? And after that you still have time to be a prolific GB poster?

Something isn't adding up here.

But I guess what you're getting at is that your line about taxes discouraging hard work was a total line of crap this whole time.

It adds up to the rest of us, it's you who began here with deceit that we don't believe most of the time.

Right Celabray?

 

[mercury14]

I never predicted that. I provided doom and gloom material for entertainment purposes.

Unbelieveable...

I predicted a lost decade and a depression.

You got that wrong too.

So keep beating your drum, banging your gong and parading your expert analysis for all to see, for what actually happened was not what your team predicted and going back to analyze it and say, well, even though it failed, it really succeeded gives no one confidence going forward that any of your current ideas, or plans, like raising taxes by allowing the Bush-era rates to expire, are going to produce manna and honey any more that a trillion dollars of spending did.

You just ascribed a position to me that I did not take. I would never say what you suggest I am saying. And who is "my team"?

And again, not one of them can produce a viable analysis of what would have happened without the magic of Lord Keynes and the economic divinations of the Socialists of the Chair...

Though somehow, you seem to think they can.

Mired in historical static analysis that pretends the future will somehow be like the past, but you know it never is, you know they never will (and the patches make the goodbye harder still)...

There you go fleeing to your position of "economics is rubbish" whenever objective analysis doesn't support the right wing narrative you want to hear. The truth is, analysis doesn't have to be 100% accurate to be meaningful. Any first-year econ student knows this.

And really, you sound awfully irrational and well, stupid when you try to confuse stimulus analysis with future projections. Analysis of the stimulus looks at the past couple years. In no way is your bemoaning the practice of predicting the future even applicable here.

 

[mercury14]

It adds up to the rest of us, it's you who began here with deceit that we don't believe most of the time.

Right Celabray?

Oh so you also withdraw your argument that taxes deter work?

Previous page... Why did you lie about selling out of the market to buy gold? Or are you lying now and looking foolish as the market added 6000+ points?

 

[mercury14]

The group that wants to "take money out of your pocket", and tax you more, is the group that wants to eliminate capitol gains taxes.

You're a walking, talking parrot.

He honestly believes that if corporations and the rich decrease their tax burden that he will not have to pick it up for them.

 

[4est_4est_Gump]

Oh so you also withdraw your argument that taxes deter work?

Previous page... Why did you lie about selling out of the market to buy gold? Or are you lying now and looking foolish as the market added 6000+ points?

Because you fucking idiot, I took my "free" stock money and moved it.

I did not touch the 401Ks...

Ass hat.

 

[4est_4est_Gump]

He honestly believes that if corporations and the rich decrease their tax burden that he will not have to pick it up for them.

I'm still waiting for a cogent explanation on how you can tax a corporation and, and the same time, prevent them from passing it on to the consumer...

And yet some of you people lament how the middle class is disappearing at the hands of the wealthy...

This is yet another reason for me to vote for Obama.

To give you your own "Dreams."

 

[mercury14]

Because you fucking idiot, I took my "free" stock money and moved it.

I did not touch the 401Ks...

Ass hat.

You said you moved your 401k money out of the market. What did you do with it?

Yeah, but many, like me moved our 401K money out of most of the market seeing the handwriting on the wall based on what Obama was telling us about his plans. I posted about it when I did it.

And you said you bought gold instead of putting it on the market.

I'm damned glad I bought gold way back when...

But my bad, I assumed you were talking about serious investing not a 401k plan.

 

[mercury14]

I'm still waiting for a cogent explanation on how you can tax a corporation and, and the same time, prevent them from passing it on to the consumer...

Simple.

A tax on profits isn't the same as an operating expense. The rest you should be able to figure out on your own.

(But drop the needless crap about preventing)

 

[RobDownSouth]

November 2009:

Yeah, but many, like me moved our 401K money out of most of the market seeing the handwriting on the wall based on what Obama was telling us about his plans. I posted about it when I did it.

March 2012

Because you fucking idiot, I took my "free" stock money and moved it.

I did not touch the 401Ks...

Ass hat.

Again, Chief, were ya lying then? Or are ya lying now?

 

[4est_4est_Gump]

Simple.

A tax on profits isn't the same as an operating expense. The rest you should be able to figure out on your own.

(But drop the needless crap about preventing)

Yes, it is. Every business has to maintain a certain profit margin.

November 2009:


March 2012


Again, Chief, were ya lying then? Or are ya lying now?

Yeah, we moved a lot of it into fixed accounts and they beat the market.

You lied about what I said. Shut up or prove your case.

Show us that I put everything into GOLD.

That was your big lie...

 

[RobDownSouth]

Yes, it is. Every business has to maintain a certain profit margin.



Yeah, we moved a lot of it into fixed accounts and they beat the market.

You lied about what I said. Shut up or prove your case.

Show us that I put everything into GOLD.

That was your big lie...

You're a lying sack of shit. You got caught and now you're trying to spin it so you don't have to accept responsibility for you lies.

You're always "in" the market after the fact and brag about your returns.
You're always "out" of the market before a turndown and brag about avoiding losses.

You've got no credibility.

Let's put you past deceitfulness behind you.

Tell us, right here, right now, what your investment portfolio breakdown is percentage wise this year.

Then we'll revisit at the end of the year and figure out if you're the great "market-timer" you continually brag about.

 

[4est_4est_Gump]

I call bullshit. She wasn't in Melbourne until last June.

I've studied at these places. One of them even threw a master's degree at me. Dr. Minerva's bioethics course was superb, though I found myself wishing it wasn't so focused on the Catholic perspective.

Some posts. In Eyer threads. Are not. Serious.

Ugh.

I didn't really pick up my life and move to Australia to study philosophy if you must know.

(as if you could pay me to study philosophy anywhere).

I'm dealing with a real honest crowd here...



Throb, search on Pacific Rim and see that I've actually been buying stock...

Fucking dumbass. Typical Liberal. If you can destroy the person, or their family, you don't have to defend your politics.

http://forum.literotica.com/showthread.php?t=745068

Just like you keep lying about your personal information being posted.

We know you and merc both love lying; this goes to the miles thread about gay slurs, most of you people are guilty of what you accuse everyone else of..

 

[richard_daily]

Unbelieveable...




You got that wrong too.




You just ascribed a position to me that I did not take. I would never say what you suggest I am saying. And who is "my team"?




There you go fleeing to your position of "economics is rubbish" whenever objective analysis doesn't support the right wing narrative you want to hear. The truth is, analysis doesn't have to be 100% accurate to be meaningful. Any first-year econ student knows this.

And really, you sound awfully irrational and well, stupid when you try to confuse stimulus analysis with future projections. Analysis of the stimulus looks at the past couple years. In no way is your bemoaning the practice of predicting the future even applicable here.

He also "forgot" to address that he said he took all his money out of the market, and then got caught in a lie about it.

 

[RobDownSouth]

I'm dealing with a real honest crowd here...



Throb, search on Pacific Rim and see that I've actually been buying stock...

Fucking dumbass. Typical Liberal. If you can destroy the person, or their family, you don't have to defend your politics.

http://forum.literotica.com/showthread.php?t=745068

Just like you keep lying about your personal information being posted.

We know you and merc both love lying; this goes to the miles thread about gay slurs, most of you people are guilty of what you accuse everyone else of..

Nut up for a change, AJ. You're talking elliptically, so that's a big red flag that you're lying.

So yes or no chief...are you 100% invested in Pacific Rim funds? If so, which one(s)?

 

[richard_daily]

November 2009:


March 2012


Again, Chief, were ya lying then? Or are ya lying now?

It's a trick question, he doesn't HAVE a 401k....

He's a sly one, that AJ.

 

[RobDownSouth]

It's a trick question, he doesn't HAVE a 401k....

He's a sly one, that AJ.

It's hard having a conversation with someone who defines words and numbers differently than the rest of us.

Ask him how one dollar, one quarter and one nickel equals 91 cents sometime.

 

[mercury14]

November 2009:


March 2012


Again, Chief, were ya lying then? Or are ya lying now?

Did he really just say that he cashed out his 401k for the safety of interest-bearing accounts - while also not touching his 401k?

 

[mercury14]

Fucking dumbass. Typical Liberal. If you can destroy the person, or their family, you don't have to defend your politics.

Hypocrisy of this magnitude actually hurts to read.

 

[phrodeau]

Hypocrisy of this magnitude actually hurts to read.

Please accept my apologies for bringing it to light.

There's no pleasing some people.

 

[RobDownSouth]

Did he really just say that he cashed out his 401k for the safety of interest-bearing accounts - while also not touching his 401k?

If he did, he missed out on one of the biggest stock market run-ups ever.

But "market timer AJ" always gets much better returns than the overall market so I don't see how that's possible. He's basically sold at the bottom of the market, right before the recovery, and fled to money markets.

 

[mercury14]

Proof positive that AJ sold his 401k. Of course he never mentioned doing so until long after the market bottomed out.

U_D would say that it's a clear sign of recovery, his 401K is so much better than us dummies who panicked and sold ours (lol) and his evil greedy employer's (who is raping his customers) orders are up 80% and us dummies just wish America would fail so they can win an election.

But this slightly conflicts with what he just said here:

Because you fucking idiot, I took my "free" stock money and moved it.

I did not touch the 401Ks...

 

[mercury14]

More proof.

Until the second shift is cut, the economy is jake by him.

Unlike "us dummy Republicans" he didn't cash in his 401K and it still looks good to him!

And the reason he cashed out his 401k was because Obama was a-commin' for it!

Don't sit still for a second and think he's not got his eye on that cash...

Your 401K too.

I just read on NRO that Bush and Obama have spent more on stimulus than on BOTH the Iraq and Afghanistan wars...