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

[koalabear]

Jobs picture stings stocks

 

[eyer]

Communist China's economy, in truth, isn't just flat-lining...

...it's friggin' recessing fast!

China Confronts Mounting Piles Of Unsold Goods

GUANGZHOU, China — After three decades of torrid growth, China is encountering an unfamiliar problem with its newly struggling economy: a huge buildup of unsold goods that is cluttering shop floors, clogging car dealerships and filling factory warehouses.

The glut of everything from steel and household appliances to cars and apartments is hampering China’s efforts to emerge from a sharp economic slowdown. It has also produced a series of price wars and has led manufacturers to redouble efforts to export what they cannot sell at home.

The severity of China’s inventory overhang has been carefully masked by the blocking or adjusting of economic data by the Chinese government — all part of an effort to prop up confidence in the economy among business managers and investors.

Full piece here:

http://www.nytimes.com/2012/08/24/b...f-unsold-goods.html?google_editors_picks=true

What's the bet on how soon Japan will once again achieve the #2 economy in the world?

 

[Sean Renaud]

Not sure I'd make any bets just yet.

 

[Beco]

Jobs picture stings stocks

every State in the cuntry, with the exception of Utah and Ohio reported higher unemployment in July....ouch!

 

[unregistered]

 

[Adre]

Communist China's economy, in truth, isn't just flat-lining...

...it's friggin' recessing fast!

Tough news for the RW whackos around here who had China kicking our economic ass. This will disappoint.

 

[bra_man69]

Tough news for the RW whackos around here who had China kicking our economic ass. This will disappoint.

Who you talking about

 

[bra_man69]

Maybe Merc would like to come in and spin this in favor of Obama:





Household income fell more in recovery than during recession
Annual median household income is struggling to recover after the most recent recession. Slthough it has gone up from its low in August 2011, it is still 7.2 percent below the December 2007 level.

http://www.washingtonpost.com/rw/2010-2019/WashingtonPost/2012/08/23/National-Economy/Graphics/w-census24.jpg

http://www.washingtonpost.com/busin...4328-ed46-11e1-9ddc-340d5efb1e9c_graphic.html

Bush's fault don't you know

 

[mercury14]

Maybe Merc would like to come in and spin this in favor of Obama:

It correlates strongly with the unemployment rate and stagnation in housing and real estate. This is also median, not average income, so unemployment has a huge impact on what the graph looks like. It's also influenced negatively by the baby boomer generation retiring. Lots of old people not working plays a big role here.

What's your point?

 

[Busybody]

What's your point?

Seamus, the COWARDLY LYIN....weighs in with utter BULLSHIT

We all LAUGH AT YOU

loser

 

[4est_4est_Gump]

We tried our plan, and

IT WORKED!​

The Private sector is doing fine!​

 

[4est_4est_Gump]

http://online.wsj.com/article/SB100...7605140607907860.html?mod=WSJ_Opinion_LEADTop

 

[Ulaven_Demorte]

http://online.wsj.com/article/SB100...7605140607907860.html?mod=WSJ_Opinion_LEADTop

How kind of Rupert to give Romney a forum to spread something that reads like an eighth grade "what I did this summer" essay. But Op-ed pieces like this rarely jive with reality.

What Romney actually learned at Bain Capital was how to dismantle companies, sell them to the Chinese and give the American workers an extra week of employmnet, training their replacements.
Link

Romney campaign downgrades the number of jobs he created at Bain from 100,000 (The calculation comes primarily from counting every position added until now at four successful investments, including Staples Inc. SPLS -1.28%and Sports Authority Inc., by the private-equity firm Mr. Romney founded.) to "thousands", actually less than 1500.
Link

Former Reagan Budget guru, David Stockman:

“I don’t think that Mitt Romney can legitimately say that he learned anything about how to create jobs in the LBO (leveraged buyout) business. The LBO business is about how to strip cash out of companies."

 

[mercury14]

http://online.wsj.com/article/SB100...7605140607907860.html?mod=WSJ_Opinion_LEADTop

The second lesson is that we must have a level playing field in international trade. As president, I will challenge unfair trade practices that are harming American workers.
-Mitt Romney

*coffee spew* Do you really think he'll do this any more than Obama or Bush?

That will be my approach to our federal budget problem. I am committed to capping federal spending below 20% of GDP and reducing nondefense discretionary spending by 5%. This will surely result in much wailing and gnashing of teeth in Washington. But a failure of leadership has created our debt crisis, and ducking responsibility will only cripple the economy and smother opportunity for our children and grandchildren.

WTF? A 5% reduction in non-defense discretionary spending is a drop in the bucket. It sounds good to people who don't know what large numbers are but it's not where the problem is at.

And he can't cap federal spending below 20% of the GDP without cutting defense, social security, and Medicare - three things he promises not to cut. It's just not possible since these things eat up so much of the budget that the remaining items can't get us to 20% even with draconian cuts and eliminations.

Again, Romney wont tell us what he wants to cut or what deductions he plans to eliminate to raise revenue. Either he doesn't actually have a plan or he knows voters will reject him if they know what his actual ideas are. Which is it AJ?

 

[cheesehead2]

Everybody give thanks,bow to the east and thany King Obama for blessing us with another great day

 

[rosco rathbone]

Everybody give thanks,bow to the east and thany King Obama for blessing us with another great day

lol...

 

[Busybody]

How kind of Rupert to give Romney a forum to spread something that reads like an eighth grade "what I did this summer" essay. But Op-ed pieces like this rarely jive with reality.

You started as a MORON STOOGE

and

Lowered yourself

a tough feat

But

YOU HAVE DONE IT!

Awesome accomplishement

and

YOU DID IT YOURSELF

 

[RobDownSouth]

It correlates strongly with the unemployment rate and stagnation in housing and real estate. This is also median, not average income, so unemployment has a huge impact on what the graph looks like. It's also influenced negatively by the baby boomer generation retiring. Lots of old people not working plays a big role here.

What's your point?

Beco/Faneros saw a graph with a downward trend and couldn't pass up an opportunity to blame President Obama.

That's what he does.

 

[Busybody]

Beco/Faneros saw a graph with a downward trend and couldn't pass up an opportunity to blame President Obama.

That's what he does.

well he could blame BUSH

but

someone else has that gig

 

[koalabear]

It correlates strongly with the unemployment rate and stagnation in housing and real estate. This is also median, not average income, so unemployment has a huge impact on what the graph looks like. It's also influenced negatively by the baby boomer generation retiring. Lots of old people not working plays a big role here.

What's your point?

The median income is considered by many statisticians to be a better indicator than the average household income as it is not dramatically affected by unusually high or low values."

 

[Busybody]

Who GIVES a shit?

We get our info from

DUMB AND DUMBER......Seamus, the COWARDLY LYIN, and DUMBOUD!


July Core Durable Goods Ex-Transports And Defense Implode





Today's Durable Goods number was blistering, if only on the headline. Coming at $230.7 billion, it was up a whopping $9.4 billion or 4.2%, on expectations of a 2.5% increase. The reason for the surge: the volatile transportation segment, which rose 14.1% to $80.4 billion. This is entirely due to Boeing aircraft orders, which rose to 260 this year compared to 10% of that a year ago, which however, as Quantas reminded us yesterday, can and will be promptly reversed (see: "Boeing hit by 'biggest-ever 787 order cancellation'"). In other words next month will be a headline disaster. So what happened beneath the headline when excluding volatile series: well - Durable Goods ex-transportations decline -0.4% in July, missing expectations of a +0.5% print, with the June number revised down from -1.1% to -2.2%. It gets worse: Nondefense capital goods excluding aircraft tumbled in July, and imploded to -3.4%, crashing below expectations of a -0.2% print, with the previous print revised from -1.4% to -2.7%). This means that indeed the brief blip higher in economic activity in the summer was largely transitory and was purely a byproduct of seasonal adjustment. Expect cuts to Q3 GDP forecasts to commence imminently by the sellside lemmings.

Headline- good:



Non-Headline- atrocious:

 

[koalabear]

Stocks dip on growth worries

 

[koalabear]

Stocks turn higher after ECB comments

 

[fuckwaffle]

American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.

 

[mercury14]

American incomes declined more in the three-year expansion that started in June 2009 than during the longest recession since the Great Depression, according an analysis of U.S. Census Bureau data by Sentier Research LLC.

Let's elect Republicans who want to abolish the minimum wage and see how it helps to have jobs starting at $0 per hour. Republicans bitch about American jobs going overseas because Americans get paid too much. Now you're bitching about Americans not getting paid enough? Which story are you going with here? You can't have it both ways.

Funny how this dip in income coincides exactly with the baby boomer generation retiring. Which policy would you prefer Obama adopt to keep this group from retiring?

1945+65 = 2010.