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

[unregistered]

 

[LadyVer]

No thanks I just had a shoe shine:

http://www.investors.com/image/RAMclr-012412-state-IBD.jpg.cms

Pm me and I'll tell you all about shoeshines, Vetteman.

You trying to bore me or what???

 

[mercury14]

For the lame.

An Obama crafted bill cannot pass both houses. A senate bill cannot be passed either because no tax or spending bill can originate anywhere except in the House of Representatives.

Senate McConnell blew Reid and his bullshit about having a bill right out of the saddle on that issue yesterday. Harry Reid has not delivered a bill to the House as he's claimed, because he knows it would be unconstitutional for him to do so, hence the Boner assertion he must take up the House bill already passed, amend it and send it back to the House.

You're thinking of the budget process that has to go pres-house-senate. But the sequestration crap isn't the same as that.

 

[mercury14]

Hope everyone enjoys the one trillion in new Obama Care taxes that dump on us on Jan.1. You voted for it.

You make $250k + per year?

No?

Then who is "us"?

 

[jeninflorida]

none of this matters. America will become property of China

 

[mercury14]

Wrong. It would be apples and oranges today because we are not at the same spending levels. I'd give you the Clinton tax rates if you'll cut back to the Clinton spending levels.

What do government spending levels have to do with the top-bracket personal capital gains rate?

 

[mercury14]

The government seizing 43% of the value of the biggest part of the American stock market ought to alarm any freedom loving American. You're exempted of course.

Considering that the very rich are made MUCH richer by government spending from those tax dollars, no I am not alarmed. What alarms me is when the exceptionally wealthy benefit from government policies and then pay an extremely low tax rate, effectively leeching society. Wal-Mart making a billion dollars in net profit every 20 days, driven by food stamp, Medicare, Medicaid, and other social program spending - and then paying a tiny tax rate while its investors also pay a tiny tax rate? THAT alarms the everloving shit out of me.

These people want ever-shrinking tax rates on the rich while "broadening the tax base" to funnel more money upward. It's the absolute epitome of class warfare and you're guilty as fuck for turning a blind eye to it.

 

[Sean Renaud]

none of this matters. America will become property of China

China isn't even the biggest owner of non-american debt you stupid fuck. They still have to catch up to Japan and after that to Americans. China will never own anything but China at the current rate.

 

[bra_man69]

Considering that the very rich are made MUCH richer by government spending from those tax dollars, no I am not alarmed. What alarms me is when the exceptionally wealthy benefit from government policies and then pay an extremely low tax rate, effectively leeching society. Wal-Mart making a billion dollars in net profit every 20 days, driven by food stamp, Medicare, Medicaid, and other social program spending - and then paying a tiny tax rate while its investors also pay a tiny tax rate? THAT alarms the everloving shit out of me.

These people want ever-shrinking tax rates on the rich while "broadening the tax base" to funnel more money upward. It's the absolute epitome of class warfare and you're guilty as fuck for turning a blind eye to it.

yep them investors also pay low tax rates it's people like you ass clown who don't understand how tax rates are applied.
See ass clown you in your head taxing the rich is going to bring all this extra revenue that's not going to happen all it does it make a CPA work harder

 

[koalabear]

China isn't even the biggest owner of non-american debt you stupid fuck. They still have to catch up to Japan and after that to Americans. China will never own anything but China at the current rate.

China has actually decreased its holdings of U.S. debt over the past year, dropping from $1.31 trillion in June 2011 to $1.16 trillion a year later, according to the Treasury Department. Japan holds nearly as much, at $1.12 trillion. Those countries are by far the biggest foreign holders, but dozens of other nations, including Brazil, Russia, Taiwan, Switzerland and the United Kingdom hold trillions more.

Read more: http://www.foxnews.com/politics/201...trillion-to-hint-it-isnt-china/#ixzz2GOrqYlkv

 

[bra_man69]

China has actually decreased its holdings of U.S. debt over the past year, dropping from $1.31 trillion in June 2011 to $1.16 trillion a year later, according to the Treasury Department. Japan holds nearly as much, at $1.12 trillion. Those countries are by far the biggest foreign holders, but dozens of other nations, including Brazil, Russia, Taiwan, Switzerland and the United Kingdom hold trillions more.

Read more: http://www.foxnews.com/politics/201...trillion-to-hint-it-isnt-china/#ixzz2GOrqYlkv

But citizens of America hold the biggest still.

 

[koalabear]

But citizens of America hold the biggest still.

They hold an IOU.

 

[bra_man69]

They hold an IOU.

the world's biggest ponzi scheme

 

[mercury14]

yep them investors also pay low tax rates it's people like you ass clown who don't understand how tax rates are applied.
See ass clown you in your head taxing the rich is going to bring all this extra revenue that's not going to happen all it does it make a CPA work harder

It's official: you like talking about other guy's asses more than Vette. You're off the hook now for the ass crown, Vette.

 

[unregistered]

 

[unregistered]

 

[bra_man69]

It's official: you like talking about other guy's asses more than Vette. You're off the hook now for the ass crown, Vette.

Bullshit you dumb fuck show me where I'm wrong you can't you don't understand it.
Again you and people like you want tax the fuck out of the rich fine where you going to apply the fucking tax you can't answer it because it's over your fucking pea of a brain.
All you can say is income ok what kind of income.

 

[bra_man69]

Here you go ass clown notice something same questions I been asking you for a week now also notice the bullshit that comes from you.
Nice little screenshot that way you can't cry I did anything to it.

http://forum.literotica.com/showthread.php?t=843052

 

[mercury14]

Bullshit you dumb fuck show me where I'm wrong you can't you don't understand it.
Again you and people like you want tax the fuck out of the rich fine where you going to apply the fucking tax you can't answer it because it's over your fucking pea of a brain.
All you can say is income ok what kind of income.

LOL, look how mad you are. I can't really respond to any kind of point you're making until you organize your thoughts first. Try again with less focus on my ass.

Nice little screenshot that way you can't cry I did anything to it.

See, this is what I mean.

 

[TonyClifton]

What's up with all the doom and gloom?

http://up.xhamster.com/000/022/756/148_1000.jpg

Let's party!

 

[RobDownSouth]

Still more good economic news....

Car sales on way to best year since 2007

The U.S. auto industry should close out a robust 2012 in which Americans bought about 14% more new vehicles than in 2011, the third consecutive year sales rose by more than 10%.

LINK

It's morning again in America, baby!

 

[RobDownSouth]

Pending home sales rise to highest in 2 1/2 years
Combination of stronger demand, limited supply is pushing up prices

LINK

The strong leadership of President Barack Obama continues to pay dividends as America recovers from the failed Bush administration.

 

[trysail]

by James Montier

...It is worth spending a few moments considering what has led us to arrive at this opportunity set. I think that it is a direct result of the policies being followed by central banks, especially the U.S. Federal Reserve. It has been uncharacteristically clear about the way Quantitative Easing (QE) “works.” Brian Sack of the New York Fed writes:

A primary channel through which this effect takes place is by narrowing the risk premiums on the assets being purchased. By purchasing a particular asset, the Fed reduces the amount of the security that the private sector holds, displacing some investors and reducing the holdings of others. In order for investors to be willing to make those adjustments, the expected return on the security has to fall. Put differently, the purchases bid up the price of the asset and hence lower its yield. These effects would be expected to spill over into other assets that are similar in nature, to the extent that investors are willing to substitute between the assets. These patterns describe what researchers often refer to as the portfolio balance channel. [Emphasis added.]​

Put another way, QE sets the short-term rate to zero, and then tries to persuade everyone to spend rather than save by driving down the rates of return on all other assets (by direct purchase and indirect effects) towards zero, until there is nothing left to hold savings in. Essentially, Bernanke’s first commandment to investors goes something like this: Go forth and speculate. I don’t care what you do as long as you do something irresponsible.

Not all of Bernanke’s predecessors would have necessarily shared his enthusiasm for recklessness. William McChesney Martin was the longest-serving Federal Reserve Governor of all time. He seriously considered training as a Presbyterian minister before deciding that his vocation lay elsewhere, a trait that earned him the beautifully oxymoronic moniker of “the happy puritan.” He is probably most famous for his observation that the central bank’s role was to “take away the punch bowl just when the party is getting started.” In contrast, Bernanke’s Fed is acting like teenage boys on prom night: spiking the punch, handing out free drinks, hoping to get lucky, and encouraging everyone to view the market through beer goggles.

So why is the Fed pursuing this policy? The answer, I think, is that the Fed is worried about the “initial condition” or starting point (if you prefer) of the economy, a position of over-indebtedness. When one starts from this position there are really only four ways out:

i. Growth is obviously the most “popular” but hardest route.
ii. Austerity is pretty much doomed to failure as it tends to lead to falling tax revenues, wider deficits, and public unrest.
iii. Abrogation runs the spectrum from default (entirely at the borrower’s discretion) to restructuring (a combination of borrower and lender) right out to the oft-forgotten forgiveness (entirely at the lender’s discretion).
iv. Inflation erodes the real value of the debt and transfers wealth from savers to borrowers. Inflating away debt can be delivered by two different routes: (a) sudden bursts of inflation, which catch participants off guard, or (b) financial repression.​

Financial repression can be defined (somewhat loosely, admittedly) as a policy that results in consistent negative real interest rates. Keynes poetically called this the “euthanasia of the rentier.” The tools available to engineer this outcome are many and varied, ranging from explicit (or implicit) caps on interest rates to directed lending to the government by captive domestic audiences (think the postal saving system in Japan over the last two decades) to capital controls (favoured by emerging markets in days gone by)...

 

[Beco]

Car sales on way to best year since 2007

The U.S. auto industry should close out a robust 2012 in which Americans bought about 14% more new vehicles than in 2011, the third consecutive year sales rose by more than 10%.

LINK

It's morning again in America, baby!

That doesnt mean the deal struck by Obama will ever make sense to the American people.

 

[Beco]

Pending home sales rise to highest in 2 1/2 years
Combination of stronger demand, limited supply is pushing up prices

LINK

The strong leadership of President Barack Obama continues to pay dividends as America recovers from the failed Bush administration.

and historically low interest rates. This actually has wheels, most major cities are experencing growth in the construction sector and home sales. That's a good sign