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

[unregistered]

 

[trysail]

In other words, since the U.S. is not a friendly place to invest ( and is, in fact, a basket case ), get your capital outta there.



________________________

Fed Won’t Raise for Years, Gross Says: Tom Keene
By Susanne Walker and Tom Keene

Dec. 3 (Bloomberg) -- Bill Gross, manager of the world’s largest bond fund at Pacific Investment Management Co., said the Federal Reserve is unlikely to raise interest rates for several years with employment growing less than forecast...


...Employers added fewer jobs than forecast in November and the unemployment rate unexpectedly climbed. Payrolls increased 39,000, less than the most pessimistic projection of economists surveyed by Bloomberg News, after a revised 172,000 increase the prior month, Labor Department figures showed today in Washington. The jobless rate rose to 9.8 percent, the highest since April, while hours worked and earnings stagnated.

“The U.S. is being out-trained, out-educated and out- maneuvered in the global competition for employment,” Gross said. “There are seven applicants for every one job that’s available and today’s report only reemphasizes that.”

Pimco has championed the idea of the new normal, in which investors will receive lower-than-historically average returns as global growth slows and the influence of the U.S. is diminished...

...To maximize returns, Gross recommends expanding internationally.

“You’ve got to get outside of the U.S. in order to do that,” Gross said. “That means real interest rates in Brazil, which is 5 and 6 percent. That’s how you earn a real attractive return as opposed to be forced to earn negative real interest rates through the savings in the United States.”

The Washington-based International Monetary Fund said on Oct. 6 that developing nations will grow 6.4 percent next year, almost three times the pace projected for... the U.S.

“Ultimately, the low interest rate and the negative real interest rate is a serious detriment to savings,” Gross said. “During periods of time like this... it’s the saver that basically fronts a lot of the costs. That’s just not mom and pop...

Gross said in his November investment outlook that a renewal of asset purchases by the Fed will likely signify the end of the 30-year bull market in bonds...

...The U.S. economy grew at a 2.5 percent annual rate in the third-quarter, a Commerce Department report showed Nov. 23. It emerged from a recession after having four consecutive quarters of negative growth beginning in third quarter 2008.

“The old normal was to 6 to 7 percent,” Gross said. “The new normal is a 3 percent plus or minus nominal GDP. It speaks to 2 percent growth and 1 percent inflation. We are running at a half size paper airplane type of economy as opposed to one with stable wings and full thrusting jet engines.”

*****​

 

[koalabear]

The stock market rose sharpy today with a long list of positive reports about the economy. Especially the one about small business hiring surpassing expectations.


http://finance.yahoo.com/news/Stock...tml?x=0&sec=topStories&pos=main&asset=&ccode=




Conservatives are pissed at the news.

This is obviously a credit to the Republicans who aren't even in office yet..

Unemployment rate just went up to 9.8%, must be part of UD's recovery.

Imagine that. Must have been very low expectations.

 

[mercury14]

In other words, since the U.S. is not a friendly place to invest ( and is, in fact, a basket case ), get your capital outta there.

Correct, people with a lot of money to invest are investing heavily overseas. So then the Republicans want $700 billion in tax cuts for the rich, eh? They're just putting it in Brazil's economy where it will go towards creating Brazilian jobs.

 

[unregistered]

 

[koalabear]

Correct, people with a lot of money to invest are investing heavily overseas. So then the Republicans want $700 billion in tax cuts for the rich, eh? They're just putting it in Brazil's economy where it will go towards creating Brazilian jobs.

You mean like all the cash Bam gave Brazil Petro. What a moron.

 

[trysail]

In a mere twenty-five years, China has become the world's second largest economy. Let's see if you can figure out why.

http://nationalpostnews.files.wordpress.com/2010/08/fo0817-chia-economy.jpg?w=310&h=497​

 

[koalabear]

Things are picking up

Mounting State Debts Stoke Fears of Looming Crisis


http://www.msnbc.msn.com/id/40514947/ns/us_news-the_new_york_times

 

[mercury14]

They aren't tax cuts, they are a continuation of the existing rates, and don't give us any Pelosi bullshit about paying for it. Cut spending.

Now the Bush tax cuts aren't tax cuts? They're specifically worded as temporary cuts in existing rates.

Cut spending? Fine. But tell me which Republican plan cuts spending by $700 billion. Bohener and the House Repubs are cobbling together a plan to cut $100 billion, not that it has unified support behind it. And of course the goal to just balance the deficit is over 1 Trillion + $700 billion over a few years.

I mean... the Republicans can't even break even with their own deficit increase, much less tackle the actual deficit.

 

[unregistered]

 

[unregistered]

 

[mercury14]

Democrats love to harp about how they can't "pay for" tax cuts as if our money was already theirs. Tell me does the Congress ever call you up and ask if you can pay for a tax increase before they raise them? What do they expect you do do in order to pay them? They have to do the same thing if we don't feel like giving it to them.

Republicans like to pretend that tax cuts don't add to the deficit (in the absence of offsetting spending cuts - which they're clearly not proposing). Democrats talk straight about how decreasing revenue actually does impact the budget.

Which do you believe?

 

[Sean Renaud]

They are tax cuts. When a sale ends and the price returns to normal you don't call it raising prices, you call it a return to normalcy you dishonest fucks.

 

[Songcatcher]

http://www.youtube.com/watch?v=fERwx_oDVDU

 

[mercury14]

In other words, since the U.S. is not a friendly place to invest ( and is, in fact, a basket case ), get your capital outta there.

Well, a lot of what is going on is that there's more competition than at any time in history. South America, China, Asia are all emerging as legitimate competition. Their economies have a whole lot of room to grow and are therefore potentially excellent investments.

 

[pete]

Republicans like to pretend that tax cuts don't add to the deficit (in the absence of offsetting spending cuts - which they're clearly not proposing). Democrats talk straight about how decreasing revenue actually does impact the budget.

Which do you believe?

dude, seriously
are democrats EVER wrong, in your world?

your one-sided assertions are tedious

 

[mercury14]

dude, seriously
are democrats EVER wrong, in your world?

your one-sided assertions are tedious

Of course they are. But the topic is Republican economic policy, which believes in the existance of the Chupacabra and a world where decreased revenue does not impact the budget in any way.

 

[pete]

that's funny because i wasn't even aware that there *was* an official "republican" economic policy.

but beyond that, it all depends on how much actual net revenue we're talking about, yeah?

 

[mercury14]

that's funny because i wasn't even aware that there *was* an official "republican" economic policy.

but beyond that, it all depends on how much actual net revenue we're talking about, yeah?

The policy of House Republicans is paying down the debt while increasing the deficit with tax cuts. The numbers don't even come close to adding up. But Republican leaders and pundits alike still push one-liners saying it will happen.

 

[pete]

maybe they don't, or maybe you simply haven't read the entire bill. or maybe you don't understand it. or maybe they've only unveiled part of it.

then again, numbers not adding up didn't stop obama & pelosi from pushing healthcare thru, yeah?

many dems propose to extend the tax cuts too, so you could say this is a bipartisan clusterfuck

 

[mercury14]

maybe they don't, or maybe you simply haven't read the entire bill. or maybe you don't understand it. or maybe they've only unveiled part of it.

then again, numbers not adding up didn't stop obama & pelosi from pushing healthcare thru, yeah?

many dems propose to extend the tax cuts too, so you could say this is a bipartisan clusterfuck

1) John Boehner is touting 100 billion in cuts. While that's real money, it's not enough to make a dent in the deficit, especially when they're proposing $700 billion in deficit increases. You cut $100 billion? Great! You balanced out one-seventh of your own deficit increase and completely ignored the actual deficit.

2) The cost of healthcare reform is calculated by the CBO, not Nancy Pelosi. Furthermore, the CBO made calculations all the way through the process, through various drafts, etc.

3) Yes, a minority of Democrats advocate for bad policy as well.

 

[Ham Murabi]

Republicans like to pretend that tax cuts don't add to the deficit (in the absence of offsetting spending cuts - which they're clearly not proposing). Democrats talk straight about how decreasing revenue actually does impact the budget.

Which do you believe?

I believe your hurt revenue when you raise taxes. Hell, even Obama knows that's true.

http://www.youtube.com/watch?v=c4iy2OfScQE

 

[unregistered]

 

[Ulaven_Demorte]

No they don't, they don't pretend that at all. You simply do not want to hear. There's no such thing as a straight talking Democrat.

Mark Levin called, he wants his stupid schtick back.

 

[unregistered]