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

[bra_man69]

Go take some classes, become proficient communicating in the written form of your native fucking language, and get back to me, moron.

You're not smart enough to do anything but parrot whatever right wing idiot you last heard on the talkin' box.

Now, do run along and go fuck yourself.

Smart enough to know your life is one of failure and fiction.

 

[bra_man69]

You also want me to tell you what stock is? Any other conservatives need a lesson in remedial investing?

So like you to run when asked to explain anything.
Dodge it act like it wasn't asked.

 

[Ulaven_Demorte]

I see the name, Koalatroll.
The aura of stupid surrounding the post is almost palpable.
Nope, nothing new there.

In other news, the Dow rallied +155.53 today. I wonder why the usual suspects weren't posting hourly updates like when it was down last week. It couldn't be that they think the DJI only matters when it's down could it?

It doesn't look like the economy is going to be the albatross around President' Obama's neck come election time. I'm just waiting for them to try spinning the "birther" nonsense again... It worked SO WELL the last election.

By the way..

Did I miss something? Did Vette actually say that buying stock in a company was a "loan"? Surely someone of his advancing years would have a basic understanding of how stock works.......

 

[Ulaven_Demorte]

Smart enough to know your life is one of failure and fiction.

You know nothing, a fact which you display with pride on a daily basis. You know even less than nothing about me or my station in life.

But if it makes you feel better about yourself, by all means fantasize that I'm worse off than your illiterate inbred ass.

 

[koalabear]

I see the name, Koalatroll.
The aura of stupid surrounding the post is almost palpable.
Nope, nothing new there.

In other news, the Dow rallied +155.53 today. I wonder why the usual suspects weren't posting hourly updates like when it was down last week. It couldn't be that they think the DJI only matters when it's down could it?

It doesn't look like the economy is going to be the albatross around President' Obama's neck come election time. I'm just waiting for them to try spinning the "birther" nonsense again... It worked SO WELL the last election.

By the way..

Did I miss something? Did Vette actually say that buying stock in a company was a "loan"? Surely someone of his advancing years would have a basic understanding of how stock works.......

You miss a lot, but we understand stuffing your jowls with Twinkies comes first.

 

[mercury14]

You're full of shit. The facts are the facts. Prove them wrong.

Okay.

The UAW got different treatment than regular creditors because their situation was different. The UAW position involved factors beyond those of conventional investors. Involved in their negotiations were union concessions (reduction in health, dental, wages for certain types of workers, buyouts and early retirements, other benefits, etc). Conventional investors weren't making concessions as part of the stock recovery process, therefore they recovered stock at a lower rate. There was no way to make the process 100% accurate since it involved doing things like determining the value of GM's sub-junk bonds relative to other things with difficult-to-discern cash value, but this is how it went.

Your authors didn't really want to talk about this though. They simply compared present-day dollar amounts in isolation from the facts. This is a perfect example of why Heritage is a steaming pile of crap not worth the pixels we read it on.

Speaking of crap, your authors are mentioning this "UAW subsidy" of $26.5 billion. But you have to dig down deep a few pages to see that GM actually owed the UAW $20 billion in the first place. And since GM had no cash they had to pay the union in stock. Because GM became profitable in a hurry their stock price was higher, sooner than most anyone imagined. That led the UAW stock payout (again, the compensation for the $20 billion debt owed to the UAW) to be WORTH $26.5 billion. There was no treasury disbursement or GM corporation payout in the amount of $26.5 billion - not that your article directly states that there was, just that there was a vague "subsidy" of that amount. Your authors just want you to think of it as a $26.5 billion taxpayer payout, even though that's not the case at all. Seriously Vette, read your own damn article and you'll see it says it right there.

The deal played out well for the UAW because they took a deal dependent on the value of GM stock. It was a HUGE gamble on their part - as most conservatives said, the GM bailout wouldn't work and the company was going to stay in the shitter. If that was the case then the UAW would have gotten slaughtered, taking a roll of nickels as compensation for a $20 billion dollar credit. They rolled the dice and won. Now conservatives are jealous and saying it's a bad thing to come out ahead on the market. The only just outcome apparently would have been for the UAW to go broke on the deal. Taking risks and making money is bad.

 

[bra_man69]

You know nothing, a fact which you display with pride on a daily basis. You know even less than nothing about me or my station in life.

But if it makes you feel better about yourself, by all means fantasize that I'm worse off than your illiterate inbred ass.

I don't have to know anything you're showing what a failure you are
That's the best you got I'm illiterate inbred
That's fine I can read just enough to know my contract for employment is six figures that's good for me.

 

[koalabear]

Govrnment Motors IPO: $33.00 a share

The automaker's stock closed Tuesday at $22.17 a share, up 25 cents in a similarly "up" overall stock market. A sale of government stock is not expected until after November's presidential election.

If the government were to sell its stake now, it would lose billions on its $49.5 billion bailout.

From The Detroit News: http://www.detroitnews.com/article/20120613/AUTO0103/206130321#ixzz1xpXu0SEj

Some morons believe Government Motors stock is profitable.

 

[mercury14]

So like you to run when asked to explain anything.
Dodge it act like it wasn't asked.

Like me to run?

Dodge it act like?

I'm not here to educate people on basic terms. If you're not knowledgeable enough to know what stock is then I suggest you repeat your freshman year of high school. Of course with grammar like yours you may want to consider it regardless.

 

[Ulaven_Demorte]

I don't have to know anything you're showing what a failure you are
That's the best you got I'm illiterate inbred
That's fine I can read just enough to know my contract for employment is six figures that's good for me.

Sure.. I imagine it would if you counted the decimal places, moron.

Pro-tip: $9999.00 is not "a six figure income" as anyone with the standard number of fingers and toes would understand it.

Illiterate inbred is far from "the best I got", but it's the best you rate and anything more than that you wouldn't understand anyway. See, I could have sent you running for a dictionary to look up polydactyly or polydactylism up there, but why bother?

 

[bra_man69]

Sure.. I imagine it would if you counted the decimal places, moron.

Pro-tip: $9999.00 is not "a six figure income" as anyone with the standard number of fingers and toes would understand it.

Illiterate inbred is far from "the best I got", but it's the best you rate and anything more than that you wouldn't understand anyway. See, I could have sent you running for a dictionary to look up polydactyly up there, but why bother?

Funny thing is you keep up answering me back so I do rate high
Nope not looking up but I'll wait you well tell me.

 

[Ulaven_Demorte]

Funny thing is you keep up answering me back so I do rate high
Nope not looking up but I'll wait you well tell me.

I'm bored, and it's fun to poke idiots with sharp sticks.

You well tell me?

Jebus... It's like fish in a fucking barrel.

 

[Ulaven_Demorte]

Double post..

 

[bra_man69]

I'm bored, and it's fun to poke idiots with sharp sticks.

You well tell me?

Jebus... It's like fish in a fucking barrel.

 

[koalabear]

Double post..

Idiots tend to double post.......

 

[phrodeau]

Four pages of dreck. What happened to the doomy gloomy economic news?

 

[unregistered]

 

[Sean Renaud]

Italy's calculated market cap is worth less than Exxon Mobil.

This is important why? I imagine there are lots of countries that are doing worse than Exxon Mobil.

 

[koalabear]

Four pages of dreck. What happened to the doomy gloomy economic news?

dreck always happens when the MOTroll coward shows up.

 

[mercury14]

This is important why? I imagine there are lots of countries that are doing worse than Exxon Mobil.

He probably blames Obama.

 

[4est_4est_Gump]

I see the name, Koalatroll.
The aura of stupid surrounding the post is almost palpable.
Nope, nothing new there.

In other news, the Dow rallied +155.53 today. I wonder why the usual suspects weren't posting hourly updates like when it was down last week. It couldn't be that they think the DJI only matters when it's down could it?

It doesn't look like the economy is going to be the albatross around President' Obama's neck come election time. I'm just waiting for them to try spinning the "birther" nonsense again... It worked SO WELL the last election.

By the way..

Did I miss something? Did Vette actually say that buying stock in a company was a "loan"? Surely someone of his advancing years would have a basic understanding of how stock works.......

lol

Two short months ago (or less) ya'll were doing the happy days are here again dance over 13K and the sky's the limit and since then, there's been nothing but less than cheerful news, and here you are again, just like post #1 falling into the stocks as indicator trap coupled with yet another prediction of being elected on the basis of a sound economy, at least, *snicker*, in the private sector...



Now it needs to be looted to serve the public sector.

 

[4est_4est_Gump]

Four pages of dreck. What happened to the doomy gloomy economic news?

Interesting article today on how Greece's default is going to negatively affect us...

Egyptian military taking over.

Sales down despite flagging gas prices, never a sign of a good economy and unemployment claims trending back up...

Must be the public sector.

In other signs of a general weakness and malaise in the West, Argentina is challenging Britain again and Putin is leading from behind in Syria by sending attack helicopters to Assad who used them to wipe out a rebel town and restore order, something we refused to do for ally Momar.

Yes, everything in fine, everything's alright, and we want you to sleep well tonight...

 

[mercury14]

lol

Two short months ago (or less) ya'll were doing the happy days are here again dance over 13K and the sky's the limit and since then, there's been nothing but less than cheerful news, and here you are again, just like post #1 falling into the stocks as indicator trap coupled with yet another prediction of being elected on the basis of a sound economy, at least, *snicker*, in the private sector...



Now it needs to be looted to serve the public sector.

On no, the market is at 12,650 instead of 13k!!! DOOM!!! GLOOM!!!

But seriously, you said a few weeks ago (May 6th when Hollande was elected) that global markets were collapsing. Which ones were you talking about?

 

[4est_4est_Gump]

PPPPPPPpsssstttttttttttt, hey, buddy...U_D... …

As a financial markets trader, it's hard for me lately not to feel that we're living in a Lewis Carroll-inspired stock market. Stock prices often move counter-intuitively, and with large price swings that have the distinct smell of "momentum traders" rather than results of true fundamental changes in the U.S. or worldwide economy.

Stock prices frequently go down on decent news and up on weak economic news. It is not without reason, however: traders hope that bad news will force the Federal Reserve into yet another feckless but asset price-inflating round of "quantitative easing." It is indeed an Alice in Wonderland market (or perhaps an Orwellian one) when good news is bad, and bad is good. A bad employment report pushes stocks up, and a strong GDP report (not that we've had one lately) brings out the trading Queen of Hearts screaming "Off with their heads!"

Markets also move wildly on vague rumors or news about central bank activity, as if the actions of a few self-styled economic geniuses will save Europe's economic bacon, as if the wolves who smell the blood of decades of social welfare mentality and accompanying deficits and debt can be defanged by waving a magic wand and using words designed to impress and confuse the ordinary citizen.

Thursday was such a day, with the Dow Jones Industrial Average rising about 155 points on rumors that, as Reuters put it, "major central banks are preparing coordinated action if the results of Greek elections this weekend lead to turmoil in financial markets." The rally was despite weak U.S. economic news in the morning, and a downgrade of Spanish debt to near-junk levels by a major ratings agency.

Ross Kaminsky
http://spectator.org/archives/2012/06/15/alices-stock-market

Sadly, central bankers are no less susceptible to Hayek's "fatal conceit" than are senators or presidents, and perhaps more so. After all Federal Reserve Board Chairman Ben Bernanke is a "scholar," a "historian" of the Great Depression; he teaches courses to wide-eyed college students who fawn in the presence of such greatness and wisdom, his actual job performance and refusal to be guided by results rather than theoretical models notwithstanding.
George Osborne, the British Chancellor of the Exchequer (roughly analogous to our Treasury Secretary except that Osborne has not been shown to be a tax cheat), understands that more government borrowing poses real risk to his country and is a committed budget-cutter and opponent of the burgeoning welfare state. But once in power, it is difficult even for him to avoid attempting to use aggressive monetary policy tools to avoid the unavoidable storm that decades of fiscal malfeasance are raining down across Europe, with the U.S. soon to follow.

Even Angela Merkel, the princess of European austerity, may be pushed into a "growth pact" by pressure from other European nations (particularly France's new Socialist econo-moron president, François "lower the retirement age" Hollande) and from domestic politics. Merkel seems likely to go along with a German financial transaction tax that will do great harm to her nation's financial markets and German companies' ability to raise capital, while driving millions or billions of dollars of business into the waiting arms of the City of London. But what is she going to do when her party keeps losing regional elections and the head of the German Green Party proclaims confidently that "the Europe of austerity is ending"?

When most Europeans talk about "growth" they usually mean -- as Barack Obama does -- the growth of government. With their plans drifting that way, with even conservative bankers desperately pushing on a string, how can stock markets put on a big happy face? After all, whether it is a "growth pact" or coordinated bank action, the real message is not that there's a new sheriff in town but rather that their economies are dangerously fragile -- as are therefore their political careers.

 

[4est_4est_Gump]

On no, the market is at 12,650 instead of 13k!!! DOOM!!! GLOOM!!!

But seriously, you said a few weeks ago (May 6th when Hollande was elected) that global markets were collapsing. Which ones were you talking about?

Spain, Greece, France, China and eventually, perhaps us since a Globally linked economic globe is a peaceful globe...

Why should my collapse be any faster than your recovery and the 500K new jobs a month of the recovery summer?