In that case, I'm going to have to charge you for using my "law"...you conveniently ignored the previous data that the market was above 11,000 just two months ago.
Oh, but that was just fifty-something daily closes ago. Random noise.
What happened to all of the doom and gloom economic threads?
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In that case, I'm going to have to charge you for using my "law"...you conveniently ignored the previous data that the market was above 11,000 just two months ago.
Oh, but that was just fifty-something daily closes ago. Random noise.
Frisco_Slug_Esq
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Says the person who wants to determine what the trend is while ignoring the "past".. How you can determine a trend based on two data points while ignoring those before as inconsequential because they're the "past".
Trend.
"I do not think that word means what you think it means."
Tell us Cap'n Mathematician, how accurate do you suppose a "trend" is using only the two most recent data points and ignoring all previous data?
Pretty much like accepting artificial interferences in the market as true signs of a growing trend.
Remember that 2.7% came with massive spending and massive debt, debt which is now being piled on by the unelected Sebelius with a decision every Democrat can now say, "I didn't have nothing to do with that, the bill we presented paid for itself; ask the CBO (we made up the numbers and after a bit of thuggery on our behalf from the White House, they produced just the sort of numbers we asked for)."
Just like the new Financial reform doesn't reform Freddie and Fannie, the playgrounds of the Democrats which they fought for under Bush and prevented any reform of because there was nothing wrong with it while their buddies (one who is now a Senator) were creating the derivatives and selling them short KNOWING they were going to fail.
Meanwhile, Soros has moved out of currencies and into Brazilian oil, which we are subsidizing, and coincidently acceding to the demands of his group and declaring a moratorium giving our platforms incentive to move to Brazil...
What's not to like about it?
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And what about the decision not to waive the Jones Act, which bars foreign-flag vessels from coming to the aid of the gulf cleanup effort? The Bush administration promptly waived it after Katrina in 2005. The Obama administration hasn’t and claims unconvincingly that, gee, there aren’t really any foreign vessels that could help. The more plausible explanation is that this refusal is a sop to the maritime unions, part of the labor movement that gave Obama and other Democrats $400 million in the 2008 campaign cycle. It’s the Chicago way: Dance with the girl that brung ya.
Michael Barone
Frisco_Slug_Esq
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And the headlines this morning scream Financial Stocks Soar...
Yet the market lost ground again as it rallies towards 10,000. Again.
And again...
and again...
... treading water hoping for change, ladies and gentlemen, we bring you the economy of the "transformers..."
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"Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons and gendarmes at the service of the plunderers, and treats the victim - when he defends himself - as a criminal.”
Frederic Bastiat
Frisco_Slug_Esq
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Frisco_Slug_Esq
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Like "treading water" you don't seem to use the same definition of "stagnation" as the rest of the planet.
In the past year the DOW has gone from roughly 8,000 to roughly 10,000 and the overall economy managed to go from -6% to +3% growth.
How much of a percentage increase is it to go from 8000 to 10000 in one year? More than that if you go back just two months more.
But according to the Firespun Law of Trends any previous data that disagrees with your position is ignored as irrelevant because it's "in the past". So the economy has contracted by 2% If you ONLY look at the last two quarters and ignore the previous growth.
Nobama!
Nobama!
Nobama!
What's the percentage decrease from 11,000 to 10,000?
You can figure it inclusive or exclusive.
Damned if I care...
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In America, they first came for the very rich and I didn't speak up because I wasn't rich," said the Rev. Imadem Doinggood. "Then they came for the Bourgeoisie and I didn't speak up because I wasn't Bourgeois. Then they came for the Upper Middle Class blue-collar workers. I didn't speak up because I was a Government clerk. Then they came for me and there was no one left to speak up.
Ulaven_Demorte
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Hilarious..
So because there was one spike in the data you, in your infinite wisdom, have decided to use that as the high water mark from which to judge future growth instead of looking at the overall trend, discounting the one data point that's out of line with the actual trend.
Did you even bother to look at the previous data or did you just dismiss that as irrelevant? Because looking at the numbers it looks exactly like a noisy series of data, rolling back to early 2006 the numbers are all over the place from 5.4 to 1.4 to .1 to 3%.. But that's "the past" and is to be ignored according to the Firespun Law of Trends.
Ask Cap'n Mathematician what his sensei told him to do with a data point that is obviously out of line with the rest of a series of numbers.
I don't know.. maybe the Cap'n has his own definition of "anomaly" like the ones he has for "treading water" and "stagnation".
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A girl that hot, I have to believe is a conservative model.
She probably thinks it says something bad about Obama though.
Here's more of how I think of Obama supporters:
http://img.wonkette.com/assets/resources/2008/05/hillaryWV1.jpg
Frisco_Slug_Esq
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Dow DOWn to 8,000??? I KNOW!!! Let's blame BUSH!!!!
Don't forget that most of the drops occurred when Obama spoke and the Democrat Congress stood up to give him his standing OHs!!!
HE TOLD US WHAT HE WAS GOING TO DO TO US!
And then we sicced poor ol' Joe, the Plumber because of the answer to the question which we absolutely had to ignore...
Obama is a Marxist by any other name; pragmatic centrist seems to be the label de jour.
Don't forget that most of the drops occurred when Obama spoke and the Democrat Congress stood up to give him his standing OHs!!!
HE TOLD US WHAT HE WAS GOING TO DO TO US!
And then we sicced poor ol' Joe, the Plumber because of the answer to the question which we absolutely had to ignore...
Obama is a Marxist by any other name; pragmatic centrist seems to be the label de jour.
Ulaven_Demorte
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nice attempted dodge.
Less than the percentage increase from 8000 to 10000, at least in the Real World™.
Frisco_Slug_Esq
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I dunno, the 'OH8' looks like kinda funbags...
The anomaly U_D, was cash for clunkers. Cash for homeowners. Cash for GM. Cash for Goldman Sachs. Virtual deregulation for huge contributors BP and Google.
The White House war on alternative media and the hint of Cash for Newsprint...
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With iPods and iPads and Xboxes and Playstations -- none of which I know how to work -- information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation.
Barack Hussein Obama
The anomaly U_D, was cash for clunkers. Cash for homeowners. Cash for GM. Cash for Goldman Sachs. Virtual deregulation for huge contributors BP and Google.
The White House war on alternative media and the hint of Cash for Newsprint...
__________________
With iPods and iPads and Xboxes and Playstations -- none of which I know how to work -- information becomes a distraction, a diversion, a form of entertainment, rather than a tool of empowerment, rather than the means of emancipation.
Barack Hussein Obama
Frisco_Slug_Esq
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Don't forget that most of the drops occurred when Obama spoke and the Democrat Congress stood up to give him his standing OHs!!!
HE TOLD US WHAT HE WAS GOING TO DO TO US!
And then we sicced poor ol' Joe, the Plumber because of the answer to the question which we absolutely had to ignore...
Obama is a Marxist by any other name; pragmatic centrist seems to be the label de jour.
nice attempted dodge.
Less than the percentage increase from 8000 to 10000, at least in the Real World™.
Please note; a Congress that voted pretty much with Obama and Bush when it came to Business too big to fail policies...
And then, for their cash contributions, Goldman got to add Turbo Timmy to the team!
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If 99% of all the negative stories about Obama turn out to be untrue, the man is still a lying, corrupt, incompetent fraud.
miles
Here's another look at how the big recovery is in the past, and we're in a sideways mode...
http://www.philadelphiafed.org/research-and-data/real-time-center/business-conditions-index/ads_2yrs_575px.jpg
http://www.philadelphiafed.org/research-and-data/real-time-center/business-conditions-index/ads_2yrs_575px.jpg
IrezumiKiss
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Here's another "sideways" mode for the pessimistically inclined:
http://thehopkinsonreport.com/wp-content/uploads/2009/05/sideways-movie.jpg
hold on...that kinda sideways makes things less gloomy! Haw!
"Sideways" = The New "We're Not Doing Bad (As We Once Were,) But We're Not Doing Great, Either" compressed-semantics-in-one-word-meme!
http://thehopkinsonreport.com/wp-content/uploads/2009/05/sideways-movie.jpg
hold on...that kinda sideways makes things less gloomy! Haw!
"Sideways" = The New "We're Not Doing Bad (As We Once Were,) But We're Not Doing Great, Either" compressed-semantics-in-one-word-meme!
Frisco_Slug_Esq
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As China finds a new-found love of Capitalism...
http://www.americanthinker.com/2010/06/christoper_hitchens_evolves.html
http://www.americanthinker.com/2010/06/christoper_hitchens_evolves.html
RightField
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This is a very important note and one that is supported by census data. It also supports the old adage that people will complain no matter what so just get used to it.
Frisco_Slug_Esq
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Recent polling backs up the annual Battleground question about how "liberal" America has become...
Thank Gawd Obama over-reached and his party let slip the masks of deception about who they are and what their intentions are...
First, you break the bank, then you tax to the point that every single person now works for the government, not private enterprise.
__________________
The US economy for a long period of time was the engine of world economic growth. We were sucking in imports from all across the world financed by huge amounts of consumer debt. Because of the financial crisis, but also because that debt was fundamentally unsustainable, the United States is not going to be able to serve in that same capacity to that same extent.
Barack Hussein Obama
Few of us survived the Joe McCarthy holocaust of the early 1950s and of those there were even fewer whose understandings and insights had developed beyond the dialectical materialism of orthodox Marxism.
Saul David Alinsky
Rules for Radicals
“And guess what this liberal will be all about? This liberal will be all about socializing, uh, uh… would be about basically about taking over the government running all of your companies.”
Maxine Waters
Generally speaking we get the joke. We know that the free market is nonsense. We know that the whole point is to game the system, to beat the market, or at least find someone who will pay you a lot of money because they're convinced that there is a free lunch. We know this is largely about power, that it's an adults only, no limit game. We kind of agree with Mao that political power comes largely from the barrel of a gun. And we get it that if you want a friend, you should get a dog.
Ron Bloom
Car Czar
"Too often, much of late, the last couple three years, the mal-distribution of income in American is gone up way too much, the wealthy are getting way, way too wealthy and the middle income class is left behind," he said. "Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America."
Max Baucus
"I pray God when the Democrats take back control we don't make the kind of naked power grab you are doing."
...
"You know we're going to control the insurance companies."
Joe Biden
"As you probably know, some American politicians and American journalists refer to Washington, D.C. as the 'capital of the free world, but it seems to me that in this great city, which boasts 1,000 years of history and which serves as the capital of Belgium, the home of the European Union, and the headquarters for NATO, this city has its own legitimate claim to that title."
Joe Biden
"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson
"It turns out, by the way, that oil rigs today generally don't cause spills. They are technologically very advanced. Even during Katrina, the spills didn't come from the oil rigs, they came from the refineries onshore."
Barack Hussein Obama
--let me-- let me do the positive side of this. Okay? We've-- just been through eight years where people said-- many people said, ‘Deficits don't matter. We can-- we can pass huge tax cuts, pass huge new programs without paying for them.’ That debate has changed fundamentally. Now you don't hear people say anymore, ‘Deficits don't matter.’ You don't hear people saying that we can pass enormously—enormous expansion of government without paying for it. That's an important change. I think all Americans understand that our deficits are unsustainable. And I think that'll be helpful as we move to try to make the hard choices to bring them down again.”
TIMOTHY GEITHNER
Thank Gawd Obama over-reached and his party let slip the masks of deception about who they are and what their intentions are...
First, you break the bank, then you tax to the point that every single person now works for the government, not private enterprise.
__________________
The US economy for a long period of time was the engine of world economic growth. We were sucking in imports from all across the world financed by huge amounts of consumer debt. Because of the financial crisis, but also because that debt was fundamentally unsustainable, the United States is not going to be able to serve in that same capacity to that same extent.
Barack Hussein Obama
Few of us survived the Joe McCarthy holocaust of the early 1950s and of those there were even fewer whose understandings and insights had developed beyond the dialectical materialism of orthodox Marxism.
Saul David Alinsky
Rules for Radicals
“And guess what this liberal will be all about? This liberal will be all about socializing, uh, uh… would be about basically about taking over the government running all of your companies.”
Maxine Waters
Generally speaking we get the joke. We know that the free market is nonsense. We know that the whole point is to game the system, to beat the market, or at least find someone who will pay you a lot of money because they're convinced that there is a free lunch. We know this is largely about power, that it's an adults only, no limit game. We kind of agree with Mao that political power comes largely from the barrel of a gun. And we get it that if you want a friend, you should get a dog.
Ron Bloom
Car Czar
"Too often, much of late, the last couple three years, the mal-distribution of income in American is gone up way too much, the wealthy are getting way, way too wealthy and the middle income class is left behind," he said. "Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America."
Max Baucus
"I pray God when the Democrats take back control we don't make the kind of naked power grab you are doing."
...
"You know we're going to control the insurance companies."
Joe Biden
"As you probably know, some American politicians and American journalists refer to Washington, D.C. as the 'capital of the free world, but it seems to me that in this great city, which boasts 1,000 years of history and which serves as the capital of Belgium, the home of the European Union, and the headquarters for NATO, this city has its own legitimate claim to that title."
Joe Biden
"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson
"It turns out, by the way, that oil rigs today generally don't cause spills. They are technologically very advanced. Even during Katrina, the spills didn't come from the oil rigs, they came from the refineries onshore."
Barack Hussein Obama
--let me-- let me do the positive side of this. Okay? We've-- just been through eight years where people said-- many people said, ‘Deficits don't matter. We can-- we can pass huge tax cuts, pass huge new programs without paying for them.’ That debate has changed fundamentally. Now you don't hear people say anymore, ‘Deficits don't matter.’ You don't hear people saying that we can pass enormously—enormous expansion of government without paying for it. That's an important change. I think all Americans understand that our deficits are unsustainable. And I think that'll be helpful as we move to try to make the hard choices to bring them down again.”
TIMOTHY GEITHNER
But...but...but...people are starving in America!
"Socioeconomic Status (SES)
* Overweight affects African American women and men across all SES levels.
* Minority women with low income appear to have the greatest likelihood of being overweight.
* Among Mexican American women, age 20 to 74, the rate of overweight is about 13 percent higher for women living below the poverty line versus above the poverty line."
http://obesity1.tempdomainname.com/subs/fastfacts/Obesity_Minority_Pop.shtml
Beco
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Just diving into this, but I don't think they're fat because they over eat....it's because they eat typically unhealthy foods.
rosco rathbone
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Shrimp fishermen's wives being interviewed in a Mother Jones article I was reading, whining because the emergency food stamps being issued down there didn't cover shampoo and conditioner.
It could just be they take in more calories than they need to maintain their body weight at the level of exercise, which is probably not a high level.
The point was that the poor in America are, in general, at least as well off as the middle class in most of the rest of the world, measured by most (not necessarily all) criteria.
Frisco_Slug_Esq
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Shrimp fishermen's wives being interviewed in a Mother Jones article I was reading, whining because the emergency food stamps being issued down there didn't cover shampoo and conditioner.
Yeah, go after the fishmonger's wife...
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"Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons and gendarmes at the service of the plunderers, and treats the victim - when he defends himself - as a criminal.”
Frederic Bastiat
rosco rathbone
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It could just be they take in more calories than they need to maintain their body weight at the level of exercise, which is probably not a high level.
The point was that the poor in America are, in general, at least as well off as the middle class in most of the rest of the world, measured by most (not necessarily all) criteria.
This has always interested me. On one hand the American poor obviously have it better than poor people in other countries, but on the other hand you can't completely exclude positional considerations when trying to figure relative poverty. There's no real absolute way to measure it, you are always comparing.
Of course, if the poor have a stronger claim to the resources of rich based on proximity to them, that's a powerful argument for the rich to try to keep the poor at a distance, yes?
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