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

[4est_4est_Gump]

It will never cease to amaze me how the RWCJ idiots flip-flop on whether the DOW matters or it doesn't.

I think you have that wrong.

We're just reacting to post #1.

Today, what you're going to learn is that the market is not a good measure of where the economy is headed, but it's not going to be right-wingers saying it, because just two weeks ago, I was telling the celebrators that the market was not a good economic indicator and that now might be a good time to put their gains into a more secure vehicle...

But, I was ignored.

Alas.

Better you than me!

 

[4est_4est_Gump]

As the chart shows, America's debt is currently $15.1 trillion, while the Eurozone (which includes France, Germany, Greece, Italy, Spain, the U.K., and others) has a combined debt of $12.7 trillion. (All dollar amounts are in U.S. dollars, and the data refers to closing 2011 numbers.)

The Eurozone is larger than the United States, so America's debt per capita also exceeds the Eurozone's. According to the Census Bureau, the U.S. has a population of 313 million, whereas the Eurozone has a population in excess of 331 million.

Republican presidential candidate Mitt Romney frequently warns that the United States should not become like Greece. "We need to rein in government and unleash the extraordinary vitality and creativity of the American people," Romney wrote in a December op-ed. "We must not wait to suffer a crisis like Greece's or Portugal's to right the ship of state."

But with charts like this, that formulation might already be out of date, considering the enormity of America's debt burden.

http://www.weeklystandard.com/blogs...e-eurozones-and-uks-combined-debt_636847.html

 

[4est_4est_Gump]

We're due for an adjustment. I'm buying at around 12,400.

You know, I went back to find out if you had said that before, but all I found was you bashing me for talking about a bubble...

 

[4est_4est_Gump]

Frankly, I don't see myself putting into any new money into the market until at least the end of June...

 

[RobDownSouth]

Frankly, I don't see myself putting into any new money into the market until at least the end of June...

^^Got his credit card statement yesterday. Spent more in Branson last month then anticipated. The front row seats for Yakov Smirnoff were worth it, though.

 

[Beco]

Frankly, I don't see myself putting into any new money into the market until at least the end of June...

They say, Dow 10,000, minor correction

 

[4est_4est_Gump]

They say, Dow 10,000, minor correction

I say you have a SCOTUS ruling, a debt-ceiling fight, and an election to get through before small business will even begin to think about serious hiring and gambling on expansion.





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.

 

[richard_daily]

Frankly, I don't see myself putting into any new money into the market until at least the end of June...

What will happen by june that will make you want to put new money into the market?

Please be precise.

 

[Disgustipated]

I think you have that wrong.

We're just reacting to post #1.

Today, what you're going to learn is that the market is not a good measure of where the economy is headed, but it's not going to be right-wingers saying it, because just two weeks ago, I was telling the celebrators that the market was not a good economic indicator and that now might be a good time to put their gains into a more secure vehicle...

But, I was ignored.

Alas.

Better you than me!

Admitting you're a right-wing idiot is a good first step.

Better you than me!

 

[mercury14]

You know, I went back to find out if you had said that before, but all I found was you bashing me for talking about a bubble...

Wait, you think a little correction and a market bubble are the same thing?

 

[4est_4est_Gump]

What will happen by june that will make you want to put new money into the market?

Please be precise.

The Fate of 1/6th of the economy. Ring a bell?

I don't tend to invest in uncertainty, like the upcoming fight this fall over raising the debt ceiling again, or the reelection of Obama, the retaking of the House; the kinds of things any small business owner who grosses a million dollars annually looks at as he contemplates whether he should expand or simply protect that which he still has...

 

[4est_4est_Gump]

Wait, you think a little correction and a market bubble are the same thing?

No, I still think it's a bubble, but that fact that you never said anything about a correction until a fall in prices tells me that you were caught up in optimism, that which generally fuels bubbles.

 

[unregistered]

 

[4est_4est_Gump]

Hmmmm, jobless claims are up this week 380,000 as opposed to 355,000 predicted.

Everyone knows that in the heat of recovery, the numbers start looking worse in the beginning.



:nods:

 

[RobDownSouth]

Hmmmm, jobless claims are up this week 380,000 as opposed to 355,000 predicted.

Obviously this single anecdotal data point negates the steady stream of economic good news we've had this year. A recession...no, DEPRESSION is right around the corner and it's all the Negro President's fault, right Vetty?

 

[mercury14]

The Fate of 1/6th of the economy. Ring a bell?

I don't tend to invest in uncertainty, like the upcoming fight this fall over raising the debt ceiling again, or the reelection of Obama, the retaking of the House; the kinds of things any small business owner who grosses a million dollars annually looks at as he contemplates whether he should expand or simply protect that which he still has...

1/6 of the economy? Oh I get it, you're taking all healthcare spending and saying it's being taken over by the government. Even though that's not what's happening at all.

But let's put aside the fact that you're flat-out lying.

How come it's not a problem that government controls a large chunk of the economy in Medicare and Medicaid? Those programs are far larger than Obamacare subsidies. Double standard?

 

[RobDownSouth]

1/6 of the economy? Let's put aside that you're lying for a moment.

How come it's not a problem that government controls a large chunk of the economy in Medicare and Medicaid? Those programs are far larger than Obamacare subsidies.

The majority of Medicare and Medicaid constituents are white, ergo, no problem.
The perception is that the majority of Obamacare subsidies are non-white, ergo, problem.

Next question?

 

[mercury14]

No, I still think it's a bubble, but that fact that you never said anything about a correction until a fall in prices tells me that you were caught up in optimism, that which generally fuels bubbles.

What should the market be at?

And if you really think this, why did you say you have money on the market?

 

[busybody..]

the so called GOOD NUMBERS to date

have been BULLSHIT

YTD BLS jobless claims revisions: upward: 13, downward: 0

 

[4est_4est_Gump]

What should the market be at?

And if you really think this, why did you say you have money on the market?

I do not know. Most likely back in the 10-11 range since we're in a parallel "Lost Decade" and all the recent rise was due to the HOPE (politically) that the markets would take off with a newly expanding economy that is, in reality, only treading in shark-infested waters.

To the second part, because I believe it is up to me to be responsible for my and my wife's retirement and the market is one tool to do that if you are clear-headed, responsible and understand human action.

Understanding that, and understanding greed, I know that periodically the market will be grown out of proportion by sheer herd action, so when I think it is at a relatively low point, I buy stocks/funds of a more speculative and risky nature and when I think it is at a relative high I move them into cash, bonds or staid and steady time-tested dividend funds in the hope (vain considering the actions of the current Fed) that I can defray the inflation that a modern country off the gold standard is prone to in its misguided belief that it must interfere in the markets in order to mitigate the pain necessary to enforce market integrity.

 

[4est_4est_Gump]

1/6 of the economy? Oh I get it, you're taking all healthcare spending and saying it's being taken over by the government. Even though that's not what's happening at all.

But let's put aside the fact that you're flat-out lying.

How come it's not a problem that government controls a large chunk of the economy in Medicare and Medicaid? Those programs are far larger than Obamacare subsidies. Double standard?

Jesus fucking H. Christ you can be stupid when you try.

At the end of June, the SCOTUS rules finally giving some certainty to business one way or another you freaking partisan hack.

For the life of me, I do not know why I try to continue to address you as a rational person.

I never said that it is, or is not a problem. But if you want me to weigh in on that separate issue, then it's a problem for the same reason that most central government ideas are; it never ceases to grow, expand and destroy Capital and it begins to employ a one-size fits all model that fits no one well...

 

[4est_4est_Gump]

The majority of Medicare and Medicaid constituents are white, ergo, no problem.
The perception is that the majority of Obamacare subsidies are non-white, ergo, problem.

Next question?

race, race, race, hate, hate, hate, ascription, ascription, ascription...

 

[mercury14]

I do not know. Most likely back in the 10-11 range since we're in a parallel "Lost Decade" and all the recent rise was due to the HOPE (politically) that the markets would take off with a newly expanding economy that is, in reality, only treading in shark-infested waters.

To the second part, because I believe it is up to me to be responsible for my and my wife's retirement and the market is one tool to do that if you are clear-headed, responsible and understand human action.

Understanding that, and understanding greed, I know that periodically the market will be grown out of proportion by sheer herd action, so when I think it is at a relatively low point, I buy stocks/funds of a more speculative and risky nature and when I think it is at a relative high I move them into cash, bonds or staid and steady time-tested dividend funds in the hope (vain considering the actions of the current Fed) that I can defray the inflation that a modern country off the gold standard is prone to in its misguided belief that it must interfere in the markets in order to mitigate the pain necessary to enforce market integrity.

And that's a load of horse pucky. You just said that you think the market is 2k-3k overinflated yet you're keeping your money there?

I also like how you keep saying you maintain a position in cash, while insisting that the REAL inflation rate is a serious problem and that hyperinflation is on the horizon.

You're either terrible at handling your assets or you don't actually believe the words that come out of your mouth. Which is it?

 

[mercury14]

Jesus fucking H. Christ you can be stupid when you try.

At the end of June, the SCOTUS rules finally giving some certainty to business one way or another you freaking partisan hack.

For the life of me, I do not know why I try to continue to address you as a rational person.

I never said that it is, or is not a problem. But if you want me to weigh in on that separate issue, then it's a problem for the same reason that most central government ideas are; it never ceases to grow, expand and destroy Capital and it begins to employ a one-size fits all model that fits no one well...

So you admit you lied about the 1/6th of the economy crap? Or you willfully repeated other people's lies? Which is it?

Instead of attacking others as being irrational why not do something about your own irrationality? This is the perfect example, thanks for providing it.

 

[unregistered]