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

[cheesehead2]

some day you dip shits can participate in the real world by doing big boy things. i.e. jobs and buying a home

AMEN. Think they fit in big boy pants.?

 

[NeverEndingMe]

AMEN. Think they fit in big boy pants.?

well I'm sure they were castrated long time ago, so nothing to fill the crotch of the pants

 

[4est_4est_Gump]

Financial journalist Martin Hutchinson described the system very well:

When a Greek makes a large euro payment to a German, his Greek bank makes a payment to the Greek central bank, which makes a payment to the Bundesbank, which pays the German bank, which pays the German. This is quite different to the U.S. system. There is no central bank of Alabama intermediating dollar payments between Alabama and New York, and there was equally no need for such intermediation in the [E]urozone -- it just gave the otherwise redundant national central banks something apparently useful to do.

This means that the effects of capital flight are doubled. Not only does the central bank of Greece have an existing imbalance with the Bundesbank, the German central bank, but when a Greek moves his money from Greece to Germany, the imbalance grows larger.

Now consider what would happen if Greece were on the verge of default. The fear of successive default by the other shaky economies -- Spain, Portugal, and Italy -- would lead to rapid capital flight from those countries to Germany. The Bundesbank is probably able to absorb the effects of Greek default and capital flight, but it simply could not absorb the capital flight from other countries. Germany may well be forced to leave the euro rather than subject itself to this risk. This could all happen extremely quickly.

Should Americans be worried? Yes, because the United States will be caught up in a crisis it could have helped prevent. The European Project that now stands on the precipice of self-inflicted destruction was enthusiastically supported by successive U.S. presidents, who all urged Europe down the path to union for the simple reason of diplomatic convenience. If the scenario I have outlined above comes to pass, we may see a banking crisis that could make 2008 look like a walk in the park.

http://spectator.org/archives/2012/05/08/forget-france-the-greek-electi

 

[4est_4est_Gump]

The market is still trending down...





Hmmm...

 

[4est_4est_Gump]

Another $34 billion to the post office...




Chump change!

 

[4est_4est_Gump]

For decades, Federal Financial Aid (FFA) programs have been implemented and expanded to make higher education "affordable" for students. The ostensible merits are obvious: loans, grants, and work-study schemes allow students to purchase education without much need for cash or other sources of private funding — a supposed benefit to students who otherwise might not be able to pay for college.

However, as Bastiat instructed, "It almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa." Surely, to the credulous eye, the immediate consequences of FFA have solidified its standing as a model of successful federal intervention. Virtually all students who are admitted to college qualify for FFA, which has helped fuel a substantial increase in matriculation rates. This illusory victory is but a distraction from the later and disastrous consequences that Bastiat warned of.

The unintended consequences of FFA are numerous, indeed. Skyrocketing tuition, high default rates, and pathetic graduation rates — to name a few — are all byproducts of a system that incentivizes inefficiency, largess, and misguided decisions. Oddly, while many students aren't legally permitted to take a sip of alcohol, they are systematically encouraged to contract into years of, essentially, indentured servitude. It is evident that the aggregate result of FFA is net harm.

http://mises.org/daily/6020/The-Case-against-Student-Aid

 

[richard_daily]

AJ, are you C&Ping blogs again this morning?

Read a book!

 

[koalabear]

Stocks slide on Europe worries

 

[Type_O_Negative]

Why would anyone bump this stupid thread?

 

[mercury14]

The market is still trending down...





Hmmm...

STFU about markets. You were just here telling us there's a market collapse, boasting about how accurate your predictions are. You should go tell us why this didn't happen and review your junk record of failed predictions before showing your face here again, mkay?

 

[Beco]

Stocks slide on Europe worries

as the door opens wider for Romney......wow! Its happening.....

 

[mercury14]

And here's a story you wont hear about from conservatives. But get ready for some spin!

First Monthly Budget Surplus in Three Years
By Michael Ono | ABC OTUS News – 4 hrs ago

The Congressional Budget Office has reporteda monthly budget surplus of $58 billion, which would be a first in nearly three years.

The improved numbers are attributed to a 10 percent increase in tax revenue. The month of April coincides with tax season which typically results in a yearly surplus, but hasn't happened since the 2008 financial crisis when tax revenue fell.

"It is a clear signal that the government's fiscal situation is finally moving definitively in the right direction," said Mark Zandi who is the chief economist for Moody's Analytics.

Next month's report will likely show a budget deficit, but the small surplus is an important milestone in the nation's struggle to fend of a future debt crisis.

 

[koalabear]

McDonald's hits a bump in the road

 

[RobDownSouth]

The market is still trending down...

That must be just awful for your legendary investment portfolio!

Oh wait...you got out of the market just in time....like you always do, amiright?

So you're fully invested in gold now, right? Oh wait, that can't be right, gold's down $100 an ounce since February, but you sold out right at the top of the temporary price blip in January, though, right? right?

 

[VaticanAssassin]

And here's a story you wont hear about from conservatives. But get ready for some spin!

wow...since three years huh???

Hmmmm wonder who was president then.

Of course that matters as much as your article.

 

[busybody..]

And here's a story you wont hear about from conservatives. But get ready for some spin!

Haha

NIGGERPOONZANDI quotes ZANDI

What a fucking joke

 

[mercury14]

wow...since three years huh???

Hmmmm wonder who was president then.

Of course that matters as much as your article.

Why did you bring it up if it doesn't matter? What's your point? No point?

 

[VaticanAssassin]

Why did you bring it up if it doesn't matter? What's your point? No point?

My point is you are a partisan nut bag with no idea of the real world. You search for shit that supports your political position, that was given to you by your parents, and post it like it means something while not even understanding it. You accuse others of spin while doing it yourself and have probably never had a original thought your whole life. You get in arguments with the right wing nut bags here and do not realize you may as well be arguing with the man in the mirror. You are the exact same.....

 

[busybody..]

My point is you are a partisan nut bag with no idea of the real world. You search for shit that supports your political position, that was given to you by your parents, and post it like it means something while not even understanding it. You accuse others of spin while doing it yourself and have probably never had a original thought your whole life. You get in arguments with the right wing nut bags here and do not realize you may as well be arguing with the man in the mirror. You are the exact same.....

 

[mercury14]

My point is you are a partisan nut bag with no idea of the real world. You search for shit that supports your political position, that was given to you by your parents, and post it like it means something while not even understanding it. You accuse others of spin while doing it yourself and have probably never had a original thought your whole life. You get in arguments with the right wing nut bags here and do not realize you may as well be arguing with the man in the mirror. You are the exact same.....

No you have me confused with someone else. You've never seen me cite a left wing blog or a left wing chatterbox have you? What you see me doing is regularly citing market news and source data. I get called partisan for pointing out plain facts like how the Dow increased 6,500 points... so your blather doesn't surprise me.

Look at this thread. It's all about conservatives trying to tell a narrative of how the economy is not improving. The fact is that it has been improving by any objective measure - and when I point this out you call me "partisan".

It doesn't make you seem very bright. If you want to call me partisan fine, call me on something that you can show is a liberal distortion. But for some reason you don't do that. You just sit back and call me names as a substitution for making any kind of substantive comment.

 

[NeverEndingMe]

My point is you are a partisan nut bag with no idea of the real world. You search for shit that supports your political position, that was given to you by your parents, and post it like it means something while not even understanding it. You accuse others of spin while doing it yourself and have probably never had a original thought your whole life. You get in arguments with the right wing nut bags here and do not realize you may as well be arguing with the man in the mirror. You are the exact same.....

nailed it square on the head. what Merc and the others have demonstrated is how fucked up our political system is. in 20 years (god forbidden if Merc is still alive) he will be tossing up the same bullshit.

America needs a leader. America needs ideas from both sides. America needs DC to work, not be like Merc and hand tossing shit patties up against the brick wall to see what sticks

 

[mercury14]

This is how this thread reads:


LW: Hey, they economy is adding +130k to +200k jobs per month. That's better than -600k jobs per month. Things seem to be looking up.

RW: No it's not! That's just partisan spin! Oh and the market is collapsing today because of left wing policies.

LW: The Dow is down .08 and the NASDAQ is actually up.

RW: *silence as the next day dawns* Okay today is the day the market will crash.

LW: The Dow is -43% and NASDAQ is -23%.

RW: *silence* Well the price of oil dropped.

LW: That's a bad thing? I thought you were attacking Obama for it's high price just a minute ago.

RW: *silence* The percentage of people wanting to work dropped. It's Obama's fault. People are too discouraged to work because of him!

LW: Here's some market analysis linking that to the retirement of the baby boomers. And also here's some data on discouraged workers. As you can see their numbers are holding steady and decreasing as a percentage of the overall population when you account for the population increase.

RW: *no response*

LW: No response?

RW: You're partisan since you're referencing market research instead of right wing political pundits.

LW:

 

[NeverEndingMe]

This is how this thread reads:


LW: Hey, they economy is adding +130k to +200k jobs per month. That's better than -600k jobs per month. Things seem to be looking up.

RW: No it's not! That's just partisan spin! Oh and the market is collapsing today because of left wing policies.

LW: The Dow is down .08 and the NASDAQ is actually up.

RW: *silence as the next day dawns* Okay today is the day the market will crash.

LW: The Dow is -43% and NASDAQ is -23%.

RW: *silence* Well the price of oil dropped.

LW: That's a bad thing? I thought you were attacking Obama for it's high price just a minute ago.

RW: *silence* The percentage of people wanting to work dropped. It's Obama's fault. People are too discouraged to work because of him!

LW: Here's some market analysis linking that to the retirement of the baby boomers. And also here's some data on discouraged workers. As you can see their numbers are holding steady and decreasing as a percentage of the overall population when you account for the population increase.

RW: *no response*

LW: No response?

RW: You're partisan since you're referencing market research instead of right wing political pundits.

LW:

please add in some bull shit that we need higher taxes. that we need 150k more jobs per month, and forget the fact that most of these jobs are low end service jobs

Merc, master of bullshit

 

[NeverEndingMe]

Merc - obama needs more taxes

rw - we need a smaller government

Merc - these government workers need higher salaries and bigger pensions

rw - why?

Merc - government workers are not able to work in the private sector and they can't find real jobs

 

[richard_daily]

please add in some bull shit that we need higher taxes. that we need 150k more jobs per month, and forget the fact that most of these jobs are low end service jobs

Merc, master of bullshit

If you actually worked, you'd realize that your taxes were lower under Obama than under Bush, but since you're on welfare, you have no clue.