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

[Frisco_Slug_Esq]

A lot of the Left is beginning to call for violence, I wonder if she's on top of that?







__________________

Now those guys [French protestors over the retirement age of 62] know how to throw down.

Riots, protests, shutting down infrastructures with strikes.

We should have taken a page out of their book during the health care reform battle...

"The System WORKED!"
"We had (Defense Department) resources there from Day One. This was a situation that was treated as a possible catastrophic failure from, from Day One!"
Janet Napolitano

 

[unregistered]

 

[Frisco_Slug_Esq]

http://mises.org/daily/4851








Heinz Ketchup

 

[Frisco_Slug_Esq]

I think I see her dancing on the bellows pedal blowing life into it.

No doubt hoping for an outbreak of rw violence at the airport...




Her people are lining up like placid sheep HOPING to get the same-sex feel-up.

 

[unregistered]

 

[RobDownSouth]

For a fact jack! That's why the flee California. The hell with the kids man, RUN!!!I see dominoes wanting to topple...

Dances With Falsehoods caught lying again:
The Myth of "Flight from California"

Do you ever get tired of lying, AJ?

 

[firespin]

Dances With Falsehoods caught lying again:
The Myth of "Flight from California"

Do you ever get tired of lying, AJ?

That article doesn't actually address migration out of the state.

At it's core, it's a statement that California doesn't get back as much in federal taxes as it pays in, which it has in common with a lot of other states, including Illinois, New York, Florida and Texas.

Part of the reason some of these states (including California) don't get their federal taxes back is because they have higher than average income levels, and federal taxes are progressive. Also, because some of them they have higher than average costs, they are not desirable places for retirees to live, so their social security payouts go to other states. (Higher costs also make Calfornia home to fewer military people than you'd expect per capita.)

Now, in terms of migration, you'd find:

"During the last fiscal year [2008], 135,173 more people moved out of California than moved in from other states. Though just a drop in the bucket for a state of 38 million people, the trend remains significant because such declines usually occur when working Californians decide better opportunities lie elsewhere."

"For the fourth year in a row, more residents left the Golden State than moved here from other states, according to a report released Wednesday by the California Department of Finance."

http://articles.latimes.com/2008/dec/18/business/fi-leaving-california18

 

[unregistered]

 

[koalabear]

Big sell off on Friday and another this morning...must be part of the recovery eh?

The Government Motors stock will skyrocket and save the day.

 

[unregistered]

 

[koalabear]

Looks like a new low last I looked.

Down a bit from it's opening price. UAW may have dumped some stock.

 

[unregistered]

 

[trysail]

Never in the history of the world has there ever been an instance of a nation committing economic seppuku ( until now, that is ). The United States of America has regulated and politicized its economy to death; the understandable result is that business and industry has fled.


If you don't understand why unemployment is so high there's a simple reason; you don't understand basic economics. Government has destroyed the golden goose. What little is left that the government hasn't destroyed has been immobilized by the mass tort bar.

 

[IrezumiKiss]

http://arjunaardagh.files.wordpress.com/2010/08/yawn2.jpg

 

[mercury14]

Big sell off on Friday and another this morning...must be part of the recovery eh?

You have about as much knowledge of the market as Jen, don't you?

 

[richard_daily]

Never in the history of the world has there ever been an instance of a nation committing economic seppuku ( until now, that is ). The United States of America has regulated and politicized its economy to death; the understandable result is that business and industry has fled.


If you don't understand why unemployment is so high there's a simple reason; you don't understand basic economics. Government has destroyed the golden goose. What little is left that the government hasn't destroyed has been immobilized the mass tort bar.

Gee, and corporations just reported record profits...

 

[rosco rathbone]

Gee, and corporations just reported record profits...

The way I saw it broken down , that was mainly in the financial sector.

They're doing great.

 

[rosco rathbone]

... ol' Spooky Dude will, again, be leading the charge.

Goldstein!!!

 

[unregistered]

 

[koalabear]

Enough to have earned a nice retirement. You?

Retired! You are just unemployed.

 

[unregistered]

 

[Frisco_Slug_Esq]

Never in the history of the world has there ever been an instance of a nation committing economic seppuku ( until now, that is ). The United States of America has regulated and politicized its economy to death; the understandable result is that business and industry has fled.

If you don't understand why unemployment is so high there's a simple reason; you don't understand basic economics. Government has destroyed the golden goose. What little is left that the government hasn't destroyed has been immobilized by the mass tort bar.

It happened before in 1918-19 in Austria as the socialists gained control and began printing money thinking that down the road, they could control the inflation based on the fallacy that government creates wealth.

I suggest: "The Last Knight of Liberalism," Jörg Hülsmann

A free download is available at Mises.org

 

[Frisco_Slug_Esq]

Gee, and corporations just reported record profits...

Did those come about from pricing deflation to reduce inventories and the productivity gains created by slashing the work force and by any chance does it make those of us look any smarter who were saying that tax policy has consequences and the Democrats, hell-bent on getting rid of the Bush "tax-cuts" that leviathan boogie-man that they've been tilting at as the source of all fears, have caused business (corporations) to use accounting gimmicks to take profit before the end of the year in order to take advantage of the lower tax rates?

Kinda like the way cash for clunkers accelerated planned purchases and then the slow-down continued...

 

[trysail]

Gee, and corporations just reported record profits...

That's simply untrue ( why am I unsurprised that you failed to read the detail contained in the N.Y. Times' and the Commerce Department reports?) Both sources neglect to identify the geographic locus. Multinational corporations ( which make up the vast majority of amounts reported by the Commerce Department ) derive their profits from many countries. You have, once again, provided ample proof that you're no financial analyst.


Profits for companies in the S&P 500 ( an index that incorporates roughly 75% of the market value of publicly-owned U.S. corporations ) peaked in 2006 and have not surpassed that level.

http://www.standardandpoors.com/indices/sp-500/en/us/?indexId=spusa-500-usduf--p-us-l--

http://www.standardandpoors.com/ser...lobwhere=1243765720036&blobheadervalue3=UTF-8

S&P 500  12 MONTH VALUES			
			
			                   12 MONTH
		12 MONTH	             AS 
		OPERATING	             REPORTED
		EARNINGS	             EARNINGS
DATE	PRICE	PER SHR	             PER SHR
(type of estimate)		             (bottom up)	(top down)
			
2011 estimate		             $94.44	       $86.29
2010 estimate		             $83.39    	 $74.23
2009	1115.10	$56.86	             $50.97
2008	 903.25	$49.51	             $14.88
2007	1468.36	$82.54	             $66.18
2006	1418.30	$87.72	             $81.51

 

[mercury14]

Did the hyperinflation start yet?