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

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IrezumiKiss
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Hey DOG

How you doin BRO?


Actually, I don't really give a shit,

You know that, right? NIGGER KUZ?

FUCK YOU
 
BUSYBODY-II said:
Why does WhoSane hate oil?

After all

Its as BLACK as he is:confused:
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You are full of it. You know it. I know you know it. The oil companies are producing like a drunk skunk. They piss and moan about the meanie gov while while their production is the best in years. Exxon is spending billions of dollars to upgrade its refineries in my area alone and moving into their new corp HQ nearby. You need to broaden your o&g reading material, Sherlock. :rolleyes:
 
LadyVer said:
You are full of it. You know it. I know you know it. The oil companies are producing like a drunk skunk. They piss and moan about the meanie gov while while their production is the best in years. Exxon is spending billions of dollars to upgrade its refineries in my area alone and moving into their new corp HQ nearby. You need to broaden your o&g reading material, Sherlock. :rolleyes:
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you didn't READ what I posted
 
It's not looking good at all for the "Obama wants to destroy wealth" crowd.


US household wealth regains pre-recession peak

4 hr ago| By Chrisopher S. Rugaber, AP Economics Writer

According to the Federal Reserve, household wealth amounted to $66.1 trillion at the end of 2012 and further gains in stock and house prices have allowed Americans to make up for the losses incurred during the recession.

WASHINGTON — It took 5 ½ years.

Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.

The recovered wealth — most of it from higher stock prices — has been flowing mainly to richer Americans. By contrast, middle class wealth is mostly in the form of home equity, which has risen much less.

Household wealth amounted to $66.1 trillion at the end of 2012, the Federal Reserve said Thursday. That was $1.2 trillion more than three months earlier and 98 percent of the pre-recession peak.

Further increases in stock and home prices this year mean that Americans' net worth has since topped the pre-recession peak of $67.4 trillion, private economists said. Wealth had bottomed at $51.4 trillion in early 2009
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http://news.msn.com/us/us-household-wealth-regains-pre-recession-peak
 
THOUGHTS ON ECONOMIC MOBILITY:



Most people are not even surprised any more when they hear about someone who came here from Korea or Vietnam with very little money, and very little knowledge of English, who nevertheless persevered and rose in American society. Nor are we surprised when their children excel in school and go on to professional careers.

Yet, in utter disregard of such plain facts, so-called “social scientists” do studies which conclude that America is no longer a land of opportunity, and that upward mobility is a “myth.” Even when these studies have lots of numbers in tables and equations that mimic the appearance of science, too often their conclusions depend on wholly arbitrary assumptions.


Social science tends to proceed toward politically preordained conclusions.
 
February payroll employment rises (+236,000); unemployment rate edges down (7.7%)

bls.gov


- Government employment dropped by -10,000.

- Construction increased +48,000. This is an enormously positive indicator.

- Hourly wages increased 4 cents.

- Vetteman's U-6 rate dropped .1%
 
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UNEMPLOYMENT “TUMBLES” TO 7.7%. Happy days are here again!

UPDATE: In February Multiple Jobholders Rose By A Record, As Full-Timers Dropped, Part-Timers Increased. ” One wonders: how many actual people got new jobs, as opposed to how many qualified single individuals ended up getting more than one job in February in order to boost that much needed weekly income to sustainable levels.”

ANOTHER UPDATE: So, basically, the more likely you are to have voted for Obama, the more likely you are to still be unemployed:

WHITES: 6.8%…
BLACKS: 13.8%…
HISPANICS: 9.6%…
TEENAGERS: 25.1%…

Hmm.
 
mercury14 said:
The Doom and Gloom crowd is going to keep a low profile today.
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Some lit wonk should make a data plot of their post frequency versus various economic indicators like the baltic dry index, housing starts, unfilled durable orders etc.
 
BUSYBODY-II said:
awesome

no.HOPE n CHAINS
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You bastard. I cannot believe what you did. Fortunately, reporting someone actually works. No wonder you're not getting any on the home front. And you wonder why the GOP is fucked.
 
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