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

[RightField]

Ben Bernake is a COWARD!

He gave us no date for the fall of shaky!

I thought he was a Cloward.

 

[mercury14]

Are you kidding?

I have the marsupial on iggy. If you want links please feel free to ask me for them. I've posted them all before and none of you have contested them.

Well, you did on principal. Then you just fell in a hole when I asked you what exactly you think is inaccurate.

 

[koalabear]

No need to attack the source. It's better to attack the blatant lie.



Right here I could stop. When he took office the debt was at 10,626,877.08 per YOUR article. While that's not the total debt accrued (that number would be at least double that) that's an easy starting point. Again from your article the current national debt is 14,837,099,271,196.71. So there's been an increase of about 4,200,000. Now look at the numbers. Is 4,200,000>10,000,00? If not you should stop there. Hell it's just slightly higher than what George H.W. Bush left behind total.



It's important to note that the 4.1 trillion Bush I left is not the total national debt accumulated by the first 41 presidents. It's more accurately stated as the debt that Ronald Reagan and George Bush created. Until then the national debt had been in steady decline.



While that's horrible it's neither expected to continue at that rate and even if it did it's worth noting he tried to raise taxes to combat part of this and that's roughly what Bush II raised the debt ceiling and nobody really complained.



It's funny. The average American has very little to do with this debt so breaking it up that way doesn't really make a lot of sense, not to mention nobody is talking about eliminating the debt in a year or even a decade. C'mon we little folk pay for houses over THREE DECADES. That is the amount of time the average home buyer is in debt. You don't cry about it personally why do you cry about it here?

No links merc, MORON.

I have the marsupial on iggy. If you want links please feel free to ask me for them. I've posted them all before and none of you have contested them.

Well, you did on principal. Then you just fell in a hole when I asked you what exactly you think is inaccurate.

You fail again shitstain,MORON.

 

[Sean Renaud]

What the fuck are you talking about MORON? Merc is talking to Vette not commenting on the fact that you can't read.

 

[koalabear]

What the fuck are you talking about MORON? Merc is talking to Vette not commenting on the fact that you can't read.

Twinkies, Twinkies, the alts are flipping out!

 

[unregistered]

 

[NeverEndingMe]

What the fuck are you talking about MORON? Merc is talking to Vette not commenting on the fact that you can't read.

Sean, the adults are talking. please go back to watching the simpsons

 

[4est_4est_Gump]

I thought he was a Cloward.

Dat's funny!

 

[koalabear]

Dow gains as US employers add jobs

The government says employers increased their staffs by 103,000 in September, but the unemployment rated remained at 9.1%.

http://data.moneycentral.msn.com/scripts/chrtsrv.dll?symbol=%24US%3AINDU&width=298&height=160&c1=3&ce=0&cf=0&d2=0&d3=0&d4=1&d5=0&e8=1&legend=0&banner=5&af=2&palette=2​

 

[koalabear]

Seasonal hiring begins at local retailers .

 

[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​

 

[koalabear]

Stocks waver as jobless rate steady

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​

 

[koalabear]

Stocks slide after Fed official casts doubt on stimulus
Atlanta Fed President Dennis Lockhart says he would support action to boost the economy only if conditions worsen. US employers added 103,000 workers in September, but the unemployment rate remained at 9.1%.

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​

 

[busybody..]

Seasonal hiring begins at local retailers .

everyone will work at McDonalds and Wal Mart

 

[koalabear]

everyone will work at McDonalds and Wal Mart

and Oblamer will claim jobs success.

 

[koalabear]

European downgrades stall rally

Updated: 10/07/2011 02:50 ET
DOW 11,112.17 -11.16
NASDAQ 2,485.11 -21.71
S&P 1,157.14 -7.83

 

[busybody..]

NIGGERPOONZANDI, Offended

Not by UGLY numbers and devestation

but by

BUSYBODY


NIGGEROMICX

Obamanomics: Average Duration Of Unemployment Rises To New All-Time High, 40.5 Weeks…


God help us if Obama wins another term.



Via Zero Hedge:


As noted previously, one key fly in the ointment in an otherwise better than expected jobs report (in which the participation rate also trended higher for a welcome change) was the manufacturing jobs data, which declined by 13,000. Perhaps at the end of the day this is the most important data point, since while declining government jobs at the end of the day is a good thing, government workers don’t actually create anything of value for the economy. And as the chart below demonstrates, the long term trend is certainly not our friend. The second “fly”, and the one that will certainly be used as a talking point by politicians, was the average unemployment duration. At 40.5 weeks, it just hit a new all time record.

 

[koalabear]

European downgrades stall rally

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​

Italian, Spanish downgrades stall rally
Fitch cuts ratings on both countries, citing slow growth and big debt. US bank stocks sag. Unemployment holds at 9.1%, but payroll growth is better than expected. Apple slips again. Gold and oil drop.

 

[Sean Renaud]

Well, I was talking to KB not Merc, his unsolicited bullshit notwithstanding.

Worth noting.

Sean, the adults are talking. please go back to watching the simpsons

I can't. Fox is gonna cancel them because those greedy lazy union workers think they are worth 8 million dollars between the lot of them when even if we were only talking about the Movie profits that's like 4% of the worth of the franchise! Oh well I was kinda hoping it would make it to 25 before dying.

 

[koalabear]

at the bell

Updated: 10/07/2011 04:40 ET
DOW 11,103.12 -20.21
NASDAQ 2,479.35 -27.47
S&P 1,155.46 -9.51

 

[NeverEndingMe]

Worth noting.



I can't. Fox is gonna cancel them because those greedy lazy union workers think they are worth 8 million dollars between the lot of them when even if we were only talking about the Movie profits that's like 4% of the worth of the franchise! Oh well I was kinda hoping it would make it to 25 before dying.

so, you support pro athletes making 8 million a year. you support voice actors making 8 million a year. but when a CEO makes 8 million a year, you bitch?

 

[Sean Renaud]

so, you support pro athletes making 8 million a year. you support voice actors making 8 million a year. but when a CEO makes 8 million a year, you bitch?

Different situations. And I don't bitch when a CEO makes 8 million a year. I bitch when a CEO makes 8 billion a year and his workers are making minimum wage. Same as I bitch when a pro athlete makes 8 million a year and the owner makes one billion dollars.

 

[4est_4est_Gump]

Different situations. And I don't bitch when a CEO makes 8 million a year. I bitch when a CEO makes 8 billion a year and his workers are making minimum wage. Same as I bitch when a pro athlete makes 8 million a year and the owner makes one billion dollars.

Which CEO is doing that?

Or is this a straw man argument...

 

[4est_4est_Gump]

The threads, they keep a'commin'!

While economists have made no secret of their fears that another recession is about to strike, the real danger could be worse.

nstead, the country could be headed for a 21st century version of a depression, an economic term that, unlike a recession, defies a standard definition but instead conjures images of soup lines, 25 percent unemployment and a devastated economy.

A drastic view? Perhaps. But with the US economy facing growth well below expectations two years after a recession, and an increasingly ominous European debt crisis, the superlatives being used to describe conditions are gaining in intensity.

“Here we are today, with a severe recession (2007-09) followed by the weakest recovery on record and now on the precipice of another economic downturn,” David Rosenberg, senior economist and strategist at Gluskin Sheff in Toronto wrote in a special analysis. “This is a modern-day depression, not entirely dissimilar to Japan’s post-bubble experience of the past two decades.”

Rosenberg takes issue with the standard issue of a recession being two consecutive quarters of negative growth, and rather says it measures peaks in sales activity, jobs, industrial production and income growth.

The US already has had something of a lost decade, Rosenberg reasons, citing stock values still around 1998 levels and little net job growth.

This is occurring even despite unprecedented policy measures including a massive monetary easing campaign from the Federal Reserve and about $800 billion in government stimulus.

”Simply put, an economic depression occurs only once it becomes painfully obvious that the markets and the economy are failing to respond to repeated bouts of policy stimulus,” Rosenberg said.

Harvard professor and economist Niall Ferguson recently projected a “mild depression” (if there can be such a thing) as have other economists including the noted “Dr. Doom” Nouriel Roubini and HSBC’s Stephen King. The latter two, though, have raised risks of a depression and have not stated, like Rosenberg, that one is actually under way.

http://www.cnbc.com/id/44802751

 

[Beco]

Different situations. And I don't bitch when a CEO makes 8 million a year. I bitch when a CEO makes 8 billion a year and his workers are making minimum wage. Same as I bitch when a pro athlete makes 8 million a year and the owner makes one billion dollars.

The key word there is, " owner".