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

[unregistered]

 

[jeninflorida]

You want the president to work 24/7?

would be nice if obama did something....other than golf. just saying....

 

[Ulaven_Demorte]

That idiot spends most of his time bullshitting a fucking TV camera.

Dumb.

would be nice if obama did something....other than golf. just saying....

Dumber.

 

[jeninflorida]

speaking of dumb...here you are.

so, we must have more taxes, right?

did you really ever have a job? and if so, out side of government?

Dumb.


Dumber.

 

[jeninflorida]

Sick of these righties shouting accusations of too much family time, golf, etc just because they heard on the news that the president got out of the office for a few hours.

sure, you are a Dem....also a union supporter so the idea of someone actually spending 8 hrs at a job in one day, is a unique thought, I get it.

I wonder if corporations will start to spend some of that cash, now that obama has been stopped. maybe there will be new jobs created now

 

[JustaSCOUNDREL]

u r the one who said wars

not able to admit or cope with the idea that obama is a failure?

Jen babe you are absolutely wrong. Prez. O ain't a failure. He ain't that good. He is an absolute disaster.

He knows as much about economics as Mike Yates knows about 3rd grade math.

 

[mercury14]

would be nice if obama did something....other than golf. just saying....

So now you're flip-flopping from Obama doing too much to try to fix the economy, health care, wall street - to Obama doesn't do anything?

You need to make up your mind which misconception you're going to stick with.

 

[Ulaven_Demorte]

speaking of dumb...here you are.

so, we must have more taxes, right?

did you really ever have a job? and if so, out side of government?

Still falling back on the same tired old attacks eh Jen"Dumbasastump"inFlorida?

You're unemployed!
You're a socialist / career welfare recipient / lazy government worker / *spit* union stooge.
You have nothing but the tired old "why do you hate America" meme.

I suppose though, you hold on tightly to those insults which fit you, and hurt you most.

You need new material, and a leash to keep you somewhat on one topic instead of wandering around from strawman attack to unfounded assertion.

 

[Ulaven_Demorte]

sure, you are a Dem....also a union supporter so the idea of someone actually spending 8 hrs at a job in one day, is a unique thought, I get it.
I wonder if corporations will start to spend some of that cash, now that obama has been stopped. maybe there will be new jobs created now

Hilarious attempt at insult coming from someone who spends a large part of their "work day" posting bullshit like this on a porn board.

How very productive of you..

 

[mercury14]

sure, you are a Dem....also a union supporter so the idea of someone actually spending 8 hrs at a job in one day, is a unique thought, I get it.

I wonder if corporations will start to spend some of that cash, now that obama has been stopped. maybe there will be new jobs created now

Calling me a union supporter is like calling you a brimstone Bible thumper.

 

[trysail]

http://upload.wikimedia.org/wikipedia/commons/thumb/b/b2/Cygnus_atratus_Running.jpg/220px-Cygnus_atratus_Running.jpg​

__________________________

http://noir.bloomberg.com/apps/news?pid=20601110&sid=ax3OUjzTt.v4


Taleb Says Fed Policymakers ‘Do Not Understand Risk’
By Erik Schatzker and Jeff Kearns

Nov. 12 (Bloomberg) -- The risks stemming from the Federal Reserve’s efforts to stimulate the economy through bond purchases are “humongous” and the central bank doesn’t fully understand the potential effects, said Nassim Taleb, author of “The Black Swan.”

“These people do not understand risk,” Taleb said in an interview on Bloomberg Television’s “InsideTrack” program with Erik Schatzker. He compared U.S. central bank policy makers to the managers of Long-Term Capital Management LP, the hedge fund that failed in 1998.

The Fed, led by Chairman Ben S. Bernanke, announced a plan to buy an additional $600 billion in government debt last week to support the economy after purchasing $1.7 trillion of assets from December 2008 through March. Bernanke doesn’t understand that the plan risks unintended consequences such as hyperinflation and that it may ultimately backfire and introduce a new crisis to global markets, Taleb said.

“He is someone who talks about returns without talking about risk,” Taleb said. “It’s identical to a pilot talking about speed and not talking about safety. The measure he’s taking, quantitative easing, may work but should it fail the risks are humongous.”

Rejection
Bernanke defended the expansion of record monetary stimulus last week, dismissing the idea the central bank will increase inflation higher than it prefers. “I have rejected any notion that we are going to raise inflation to a super-normal level in order to have effects on the economy,” Bernanke said Nov. 6 in a panel discussion at a Fed conference in Jekyll Island, Georgia.

Taleb said Bernanke’s background as a former Princeton University economist who studied the Great Depression doesn’t mean he can grasp the consequences of the central bank’s asset purchases, just as the managers of the LTCM hedge fund didn’t foresee the hidden risk of their strategies.

“You had brilliant people with great academic records and they blew up their fund and almost blew up Wall Street,” Taleb said of the hedge fund, led by John Meriwether, whose collapse destabilized financial markets worldwide.

Bernanke “is sort of risk blind,” Taleb said. “Did he see the crisis? No. Did he see the risk of hidden risk in the system? No. He was flying the plane and he crashed because he didn’t know about hurricanes or things that can cause turmoil.”

Ancient Misconception
Taleb wrote the 2007 best-seller “The Black Swan: The Impact of the Highly Improbable,” which argues that history is littered with rare, high-impact events that can roil markets. The black-swan theory stems from the ancient misconception that all swans were white...

*****​

 

[eyer]

A no-go in Seoul?

Sounds like our president struck out, and worse, took an admonishing by a handful of lesser economic giants.

Seems no one is buying that dumping $600B in funny money on the world market is advanteqous...and China schools him on since they're so heavily vested in the USSA, American fiscal policy is their concern, too...

...now he seems to be in Japan trying to soften Asians to his goal of doubling American exports. Right.

2 years ago he was the world's darling...today, he's just their dofus.

The good news is that sucking sound you're hearing is the USSA going down the drain...

 

[Ham Murabi]

Last Friday's job numbers showing that businesses created 151,000 jobs in October gave Barack Obama fodder for touting progress, but all is not as it appears. As the Heritage Foundation's Rea Hederman and James Sherk note in explaining the two surveys released by the U.S. Labor Department, "employment fell by a net 330,000 jobs ... the number of unemployed workers grew by 76,000 ... [and t]he median length of time workers stay unemployed rose from 20.4 weeks to 21.2 weeks." In fact, the only reason unemployment stayed at 9.6 percent is that "a net 462,000 Americans dropped out of the labor force and thus do not count as unemployed."

So bleak is the actual labor landscape that more than 25 percent of adult men are neither working nor looking for work, representing the highest recorded rate in post-war years. Overall, the labor force participation rate dipped to 64.5 percent, falling by 0.2 points.

According to Hederman and Sherk, at best, the job creation numbers signal only "a tepid recovery. At this rate, it will take years for the economy to recover the nearly eight million jobs lost during the recession." But not to worry. As Joe Biden says, "No doubt we're moving in the right direction."

 

[Frisco_Slug_Esq]

There might not have been a second round of quantitative easing, if Federal Reserve Chairman Ben Bernanke shopped at Walmart.

A new pricing survey of products sold at the world’s largest retailer [WMT 54.13 -0.21 (-0.39%) ] showed a 0.6 percent price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to four percent higher a year from now, double the Fed’s mandate.

...

On November 3, the Fed announced its much-anticipated purchase of $600 billion in Treasury securities. An effort to keep market rates low since the central bank’s benchmark rate is already at zero. The Federal Open Market Committee’s statement said, “Currently, the unemployment rate is elevated, and measures of underlying inflation are somewhat low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate.”

But since that statement, interest rates have actually gone up, backfiring on a Fed chief who wants his quantitative easing to spark inflation of 2 percent annually. A moderate amount of inflation would be considered good for the economy. The problem is that inflation is already running well above a healthy level, investors said, Bernanke is just not looking in the right place, like a Walmart.

“I suspect that when the Chairman thinks about reflation he has a difficult time seeing any other asset besides real estate,” said Jim Iuorio of TJM Institutional Services. “Somehow the Fed thinks that if its not ‘wage driven’ inflation that it is somehow unimportant. It’s not unimportant to people who see everything they own (homes) going down in value and everything they need (food and energy) going up in price.”

Next week, the government is expected to say its official measure of inflation, the Consumer Price Index, increased at a 0.3 percent annual rate, according to economists’ consensus estimate. Core CPI, excluding food and energy, is expected to climb just 0.1 percent.

http://www.cnbc.com/id/40135092

 

[eyer]

Mr. Bernanke is an admitted great fan of completely believing the Great Depression could've been alleviated by much, much more manipulation by government.

Believing that government dictates economy, a pure socialist runs the Fed.

Unfortunately for the USSA, even its most doctrinal socialists are no match for their more passionate foreign counterparts...

...as evidenced this past week in Seoul, where the collective has decided that it is their purpose to micromanage the world's economy, and that the USSA is, at very best, just another lemming among 20.

Economic global order is now the socialist rule of the day.

Economic sovereignty, thank you Jesus, still lives as the property of the individual.

 

[eyer]

Hmmmm...looks like ^ take is not unique...

Embarrassment in Seoul

NOVEMBER 13, 2010

"Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week's G-20 meeting in Seoul? We can't think of one. President Obama failed to achieve any of his main goals while getting pounded by other world leaders for failing U.S. policies and lagging growth."

http://online.wsj.com/article/SB10001424052748704462704575609770024501384.html

Though, no doubt there are many on this forum enjoying the view of the USSA just taking its collective place at the world socialist economic table.

 

[Sean Renaud]

Mr. Bernanke is an admitted great fan of completely believing the Great Depression could've been alleviated by much, much more manipulation by government.

Believing that government dictates economy, a pure socialist runs the Fed.

Unfortunately for the USSA, even its most doctrinal socialists are no match for their more passionate foreign counterparts...

...as evidenced this past week in Seoul, where the collective has decided that it is their purpose to micromanage the world's economy, and that the USSA is, at very best, just another lemming among 20.

Economic global order is now the socialist rule of the day.

Economic sovereignty, thank you Jesus, still lives as the property of the individual.

Seeing how conventional logic is that government spending of unrivaled levels got us out of the depression its sad that nobody else has history books reaching back before 1990 anymore.

and economic sovereignty has NEVER laid with the individual. That's a fucking illusion we work hard to maintain.

Hmmmm...looks like ^ take is not unique...

Embarrassment in Seoul

NOVEMBER 13, 2010

"Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week's G-20 meeting in Seoul? We can't think of one. President Obama failed to achieve any of his main goals while getting pounded by other world leaders for failing U.S. policies and lagging growth."

http://online.wsj.com/article/SB10001424052748704462704575609770024501384.html

Though, no doubt there are many on this forum enjoying the view of the USSA just taking its collective place at the world socialist economic table.

No there hasn't. It sucks that he's such a shitty shitty politician with no cock and balls. If I had one wish it would be to turn him into an actualy socialist marxist radical determined to make America socialist because I trust Congress to keep him in check. Instead we got a centrist pussy more than willing to bend over at the first indication he might maybe get smacked.

There is a reason he got destroyed in 2010 and it's not that America hates his ideas. It's that his base realized he wasn't interested in them and stayed home.

 

[unregistered]

 

[retd]

Hmmmm...looks like ^ take is not unique...

Embarrassment in Seoul

NOVEMBER 13, 2010

"Has there ever been a major economic summit where a U.S. President and his Treasury Secretary were as thoroughly rebuffed as they were at this week's G-20 meeting in Seoul? We can't think of one. President Obama failed to achieve any of his main goals while getting pounded by other world leaders for failing U.S. policies and lagging growth."

http://online.wsj.com/article/SB10001424052748704462704575609770024501384.html

Though, no doubt there are many on this forum enjoying the view of the USSA just taking its collective place at the world socialist economic table.

lol the times I saw Obama,he looked pardon the pun a lost soul, he definitly was not one of the boys.

 

[Frisco_Slug_Esq]

What happened to the Summer of Recovery?

 

[Frisco_Slug_Esq]

The most probable outcome will be to ignite inflation. The U.S. dollar is the top reserve currency in the world primarily because of its reliability for maintaining its value. When the Fed, the fiduciary custodian of the world's current top reserve currency, tells all the holders of the dollar that they are going to deliberately depreciate it at 2% to 4% a year, a whole lot of people are going to be listening very closely. It is a little like yelling "fire" in a movie theatre. You want to be first to get out of the door.

If you are holding a ten-year U.S. Treasury Note yielding 2% and the Fed assures you that inflation is going to increase by 2%, you have a potential problem. Any prospective buyer of your Treasury will want to make at least 4% to compensate him for the new inflation. Thus, he will not want to pay you as much for your ten-year U.S. Treasury Note as you paid for it. When you paid $1,000 for your ten-year U.S. Treasury Note, you got it with a 2% interest payment. Because your new buyer requires at least a 4% interest payment, he will pay you only $833 for your $1,000 bond. You will lose $167, or 16.7% on the transaction. If inflation increases by 4%, your bond will be worth only $696, and your loss will be $304, or 30.4%.

But the Fed cannot control everybody's reaction to their hoped-for 2% increase in inflation. What they are expecting to do is very imprecise. People's expectations about inflation may run ahead of actual inflation, with the result being that inflation becomes self-propelling. Commodities' futures go up immediately to anticipate future inflation. These future prices drive up current costs of raw materials, retailers pass it along quickly, and employees want wage increases, and thus, the dollar declines in value.

So both holders of financial instruments and price setters in the economy can cause more inflation just by racing to the door to get ahead of it. This race then causes accelerating drops in the prices of U.S. Treasury Securities held around the world.

...

And how could the Chinese profit from such a flash crash? They could float the yuan freely and perhaps realize a tremendous appreciation of it. Thereafter, they could start scooping up dollar denominated assets like those in America for dirt-cheap prices. America could be trapped with high interest rates, all foreign holders dumping our debt, a loss of the dollars status as a world reserve currency, and the crushing of our economy by hyperinflation. Such economic warfare would be a knockout punch against America. And then the Chinese could go on a shopping trip around the world to nations other than America, purchasing every kind of natural resource and other hard asset with their newly appreciated world-class yuan.

Every newly installed Socialist government has its first act: the massive printing of money to pay off all the loyal cohorts and followers and supporters. This assures support for the future "reelection" of the regime. The "$800-billion stimulus" bill and its successors have increased our domestic deficit by $3.0 trillion in the first two years, and proposed carbon taxes and government health care are all part of the script of destruction.

If you are a globalist socialist, the most effective way to destroy our economy and everyone's wealth is hyperinflation.

Fred N. Sauer
http://www.americanthinker.com/2010/11/is_the_federal_reserve_destroy.html

 

[Ulaven_Demorte]

Fred N. Sauer
http://www.americanthinker.com/2010/11/is_the_federal_reserve_destroy.html

*laugh*

An Op-ed from your usual source full of coulds, mights, and maybes..

 

[Frisco_Slug_Esq]

What have you given us recently?





You reject anything you disagree with, without reading it. You consider nothing inconvenient and you hide behind lol...
__________________
A significant chunk of the American liberal intelligentsia completely lost its head over Barack Obama. They mistook hopes and fantasies for reality. Worse, the disease spread to at least members of the White House team. An administration elected with a mandate to stabilize the country misread the political situation and came to the belief that the country wanted the kinds of serious and deep changes that liberals have wanted for decades. It was 1933, and President Obama was the new FDR.
They did not perceive just how wrong they were; nor did they understand how the error undermined the logical case they wanted to make in favor of a bigger role for government guided by smart, well-credentialed liberal wonks. Give us more power because we understand the world better than you do, was the message. We are so smart, so well-credentialed, so careful to read all the best papers by all the certified experts that the recommendations we make and the regulations we write, however outlandish and burdensome they look to all you non-experts out there, are certain to work. Trust us because we are always right, and only fools and charlatans would be so stupid as to disagree.
Walter Russell Mead

 

[koalabear]

What happened to the Summer of Recovery?

It turned into the Fall of the House.

 

[Frisco_Slug_Esq]

It turned into the Fall of the House.

*chuckle*


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The Winter of Our Discontent...

__________________
Why can't Liberals (, Blue Dogs and Republican moderates) stomach the Tea Party?
Because it demands a strong Constitution!
A_J, the Stupid