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

[mercury14]

Consumer demand is currently being met.

That is the beauty of the market place.

There is a reason that money is being QEd into the economy at an alarming rate with no appreciable uptick in either loans, consumer demand, or Middle-Class wealth and that reason is fear, the fear of Obama, the fear of Democrats, the fear of Socialism, and the fear of people who base their economic arguments in the la-la land of who has what.

That's nice that consumer demand is being met at the present time. Now some of that 40% was in the spending class there would be rising demand. But instead we're on a trend where soon 50% of the wealth will be in the accounts of the top 1% and there will be even less spending.

How do conservatives want to address this problem?

 

[Busybody]

STFU, FLA!

 

[Busybody]

STFU, FLA!


Charting The Worst Earnings Guidance In Over Five Years





With over a third of the S&P 500's market cap having reported, results have been mixed. Aggregate earnings are tracking ahead of expectations but this miracle is driven almost entirely by financials (which account for 85% of the beat) as lower expenses and higher reserve bleeds offset contracting NIMs (combined with a lack of MtM) to enable a total manufacturing of what S&P 500 EPS is. As Morgan Stanley's Adam Parker notes, the quality of the beats has been low, with companies benefiting from a mix of lower operating costs and lower taxes. Revenues are missing estimates (hurt by a stronger USD and macro weakness) and Tech has been particularly weak. More importantly, for all the hope-driven, recovery-is-around-the-corner, 'fiscal-cliff'-won't-happen believers, the majority of forward guidance has been negative resulting in the highest negative-to-positive ratio since 1Q07 but this is not priced in as top-down 4Q12 estimates have hardly budged.


Earnings are slightly ahead of expectations - thanks almost entirely to financials! Do you tust that data?





Negative guidance is dominating positive outlook changes...




yet top-down EPS estimates remain unchanged (to slightly higher - again thanks to financials)




as for the 24th week in a row, net earnings revisions are negative...




and where are the world's EPS estimates being cut the most? (i.e. where was hope highest?)...




So you still believe in miracles?

 

[trysail]

[emphasis supplied]

http://www.drroyspencer.com/2012/10/it’s-time-for-the-99-to-start-supporting-the-1/



It’s Time for the 99% to Start Supporting the 1%
By Roy W. Spencer, Ph.D.
October 17

A persistent misconception about our economy is that the same amount of stuff is going to be produced, no matter what government policies are implemented. If that was indeed true, then the political debate only becomes one over how all that stuff is divided up. And that is indeed what many people spend their time debating.

But economic productivity can vary tremendously between countries, and even within a country over time. In fact, there are many poor countries with much lower unemployment than the United States…yet they remain poor.

What really matters for a prosperous nation is what is produced for a given amount of labor. We could have near-zero percent unemployment tomorrow if the government mandated that half the people should dig holes in the ground and the other half fill them up again. But we would be a very poor country, with a very low standard of living.

A high standard of living requires efficiency of production of goods and services that the people want, which in turn requires large investments in facilities, machinery, raw materials, etc. In a competitive free market economy, those investments involve risk…risk that your investment will be lost if someone else figures out a more efficient way to build 10 million smartphones than you figured out.

Now, why would anyone choose to invest large sums of money? Only if they have some hope of receiving much more in return if they are successful. If that incentive provided by the hope for profit is lost, then they will not invest in new business enterprises. No business enterprise for them means no jobs for you.

Our number one priority should be to ensure that producers are allowed to produce, and that they are not penalized for their success. Jobs happen from the top-down (not from the middle-out) when businesses with the money to hire people are allowed the opportunity to succeed.

Yes, a few of them will become rich in the process…but their riches pale in comparison to the greater riches enjoyed by society as a whole through the higher standard of living the good ideas of the rich have enabled. And those profits aren’t kept under a mattress…they are reinvested in the economy, either through expanding the business, hiring more people, or even just buying more stuff which supports other businesses.

Demonizing the rich is demonizing the driving force which elevates the standard of living of the whole country. If you want prosperity, allow the producers to produce. Make it easier for them, not harder.

Not only does this raise our standard of living, it also increases tax revenue, because revenue is a percent of the action, and the more economic activity there is, the greater the tax revenue which is collected to support government services.

And this is how the budget “arithmetic” really works. Balancing the federal budget is not a matter of either (1) increasing tax rates or (2) decreasing spending. That erroneous view mistakenly equates tax rates with tax revenue. Tax revenue (the total number of dollars taken in by the government) is the tax rate multiplied by economic activity. Lowering tax rates, especially on businesses, stimulates economic activity, which then increases tax revenue.



You Don’t Really Want to Play by the Same Rules
For those who like the mantra “everyone should play by the same rules”, let me tell you: you don’t really want to play by the same rules as business. Business owners typically don’t take their share until all of their employees are paid and all of their other business bills are paid.

For every successful rich person, there were many more who tried to become rich but lost everything. Why is it that so many people want a greater share from those who have succeeded, but don’t want to share in the losses of those who failed to become rich?

What if the business you work for fails? How would you like to pay back all of the salary you earned? You got to keep the money, but the business owner or his/her investors lost that money. Do you really want to play by those rules?

And how would you like to work 12+ hours per day trying to abide by all of the regulations increasingly heaped upon businesses by the government?

It’s time for the 99% to start supporting the 1% a little better, because in the end it is the 1% who enables the 99% to maximize their standard of living.




http://www.drroyspencer.com/2012/10/it’s-time-for-the-99-to-start-supporting-the-1/

 

[jeninflorida]

That's nice that consumer demand is being met at the present time. Now some of that 40% was in the spending class there would be rising demand. But instead we're on a trend where soon 50% of the wealth will be in the accounts of the top 1% and there will be even less spending.

How do conservatives want to address this problem?

guess what, consumers will be spending from today till Dec 24. has nothing to do with Obama, and everything to do with escaping the Obama economy while trying to enjoy the family in these troubling Obama times.

Obama is a bigger failure than Carter. At least with Clinton he knew how to sell and work people. Obama, just gets prissy like Chris (MSNBC idiot)

 

[RobDownSouth]

[emphasis supplied]

http://www.drroyspencer.com/2012/10/it’s-time-for-the-99-to-start-supporting-the-1/



It’s Time for the 99% to Start Supporting the 1%
By Roy W. Spencer, Ph.D.
October 17

A climate-change denialist "True Believer" branching out into economics. Herpa Derpa Doooo!

 

[jeninflorida]

A climate-change denialist "True Believer" branching out into economics. Herpa Derpa Doooo!

sorry Rob, but you lost all creditability, you are Merc are insane

 

[trysail]

Herpa Derpa Doooo!

Some people will never "get it." This means you.

...What really matters for a prosperous nation is what is produced for a given amount of labor. We could have near-zero percent unemployment tomorrow if the government mandated that half the people should dig holes in the ground and the other half fill them up again. But we would be a very poor country, with a very low standard of living...

 

[RobDownSouth]

Some people will never "get it." This means you.

You're quite correct, I will never understand this puerile climate-change denialism that seems to be the mainstay of your existence.

Herpa derpa dooooooo!

 

[IrezumiKiss]

* Mitt Romney: Government doesn't create jobs

* Mitt Romney: Ignore the $1.3 billion federal investment I got for infrastructure spending on the '02 Olympics

* Utah: Gladly

* Paul Ryan: Ignore the fact that I asked for stimulus funds and explicitly said they'd create jobs

* George Allen: Defense spending cuts will lead to defense-related job losses in Virginia

* George Allen: oops that's not government creating jobs that's freedom creating jobs

* Nationals Park: lol $500 million in local taxpayer funding, now there's new construction around the park not to mention vendors inside the park this is going to look like a neighborhood in a few years

* MLB: Oh you thought we were gonna pay for that?

* Virginia Nats Fans: We built it!

* DC Nats Fans: Sit the actual fuck down.

* Maryland Nats Fans: O!

* Maryland Nats Fans: we're Orioles fans

* Mitt Romney: But seriously government doesn't create jobs

http://hollywoodleek.com/wp-content/uploads/2012/10/e06804a5-31a3-45db-a339-69f58c029713.gif

http://media.tumblr.com/tumblr_m96ca49bL91qgwxsu.gif

 

[richard_daily]

* George Allen: Defense spending cuts will lead to defense-related job losses in Virginia

* George Allen: oops that's not government creating jobs that's freedom creating jobs

I love the cognitive dissonance.

 

[koalabear]

Stocks slide on growth worries

 

[trysail]

You're quite correct, I will never understand this puerile climate-change denialism that seems to be the mainstay of your existence.

Herpa derpa dooooooo!

Try scientific method. It helps (a lot).

Sixteen (16) years. No warming. Zero. Nil. None. Nada.

Temperatures from University of Alabama-Huntsville (NASA)

http://www.drroyspencer.com/wp-content/uploads/UAH_LT_1979_thru_Aug_2012.png

http://www.drroyspencer.com/wp-content/uploads/UAH_LT_current.gif


_______________
Temperatures from Goddard Institute for Space Studies, NASA

http://data.giss.nasa.gov/gistemp/graphs_v3/Fig.C.gif

http://data.giss.nasa.gov/gistemp/graphs/Fig.C.gif


_______________
Global Land and Sea Temperatures from Hadley Centre, Climate Research Unit, UK Meteorology Office, University of East Anglia

http://www.woodfortrees.org/graph/hadcrut3gl/from:1995/normalise

http://www.woodfortrees.org/plot/hadcrut3gl/from:1995/normalise


_______________
Global Land and Sea Temperatures from Hadley Centre, Climate Research Unit, UK Meteorology Office, University of East Anglia
CO2 from Earth Sciences Research Laboratory (Mauna Loa) NASA


http://www.woodfortrees.org/graph/hadcrut3gl/from:1995/normalise/plot/esrl-co2/from:1995/normalise

http://www.woodfortrees.org/plot/hadcrut3gl/from:1995/normalise/plot/esrl-co2/from:1995/normalise

​

 

[Adre]

Nice charts. Now let's figure out why you can now take a boat all the way though the Northwest Passage, when for centuries you could not navigate the frozen waterway.

 

[JohnnySavage]

Nice charts. Now let's figure out why you can now take a boat all the way though the Northwest Passage, when for centuries you could not navigate the frozen waterway.

Amundsen did it in 1906

 

[Adre]

Amundsen did it in 1906

Took him three years, as he had to wait for thaws.

 

[richard_daily]

Prove That It's Man-made!!!!!!

 

[phrodeau]

Prove That It's Man-made!!!!!!

It's been done.

 

[richard_daily]

It's been done.

Prove it again!

 

[koalabear]

http://data.moneycentral.msn.com/scripts/chrtsrv.dll?Symbol=$us:INDU&width=300&height=200&E1=0&D4=1&Legend=0&AF=2&Banner=5&palette=2&C1=3&E8=1

 

[unregistered]

 

[fuckwaffle]

http://data.moneycentral.msn.com/scripts/chrtsrv.dll?Symbol=$us:INDU&width=300&height=200&E1=0&D4=1&Legend=0&AF=2&Banner=5&palette=2&C1=3&E8=1

All that this proves is that the temperature in nano-meters has dropped significantly over the last six and a half hours.

 

[fuckwaffle]

The Obama administration exudes business confidence in the future.

Obamaloney and that side show he calls a government wouldn't know a business if it hit them in the face. They would still think that for every $7 they make, they can spend $11 without consequences.

 

[unregistered]

 

[IrezumiKiss]

“[Romney] had the nerve to stand up in Janesville, Wisconsin, less than hour drive from us, and stand behind a podium saying jobs are a top priority, and talk about getting tough on China. And his company, that he’s the only CEO they’ve ever had, is moving my job to China, and 169 other people. They’re destroying our American dream purely for greed, and it’s just absolutely outrageous.”

Tom Gaulrapp, who has worked at an auto parts manufacturing plant in Freeport, Illinois for 33 years. Two years ago, Bain Capital-owned Sensata Technologies bought the plant and announced plans to move the 170 jobs and equipment there to China. Gaulrapp is scheduled to lose his job the day before the election.

China will probably come up in tonight’s foreign policy debate. This is what Gaulrapp thinks of Romney’s rhetoric on China.

Read the full story at the Up w/ Chris Hayes website.

http://tv.msnbc.com/2012/10/22/sensata-worker-romneys-hypocrisy-on-jobs-and-china-is-mind-boggling/

http://i332.photobucket.com/albums/m338/erolorhun/WTF.gif