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Powerman 
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 11:43 am to NC_Tigah)
quote:
It is a stat, like so many you seem to bring up, that is virtually worthless in this circumstance.
In what circumstance does it have worth?
Since the stat is completely meaningless to you would it also be meaningless if the number went to 700,000 next week?
Please tell me what statistics are relevant to you since you seem to know every fricking thing there is to know about the economy and what statistics are important and not important.
Are the market numbers completely worthless as well you fricking hack?
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wolfgang 
Southern Cal Fan
Baton Rouge and Los Angeles
Member since Jan 2007
1876 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 11:43 am to Powerman)
I will say this, that with 40 something per cent of the people depending on government checks, that no the recession is not over and never will be.
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MoreOrLes
LSU Fan
Member since Nov 2008
14907 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 11:46 am to PrimeTime Money)
Im no economist
Having said that....it should scare the hell out of people that the fed is printing money at an alarming rate. They won't say how much they have printed nor will they say when they will stop.
The stock market.....im not sure that it should be used as an indicator other than a tracking device for confidence and/or fear.
Just because consumers are scared doesn't mean they should be.....just because consumers are confident may not meant they should be. To me the stock market is glorified gambling.
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wolfgang
Southern Cal Fan
Baton Rouge and Los Angeles
Member since Jan 2007
1876 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 11:48 am to MoreOrLes)
more or les===bravo
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 11:50 am to MoreOrLes)
quote:
To me the stock market is glorified gambling.
Meh
There is risk involved in the transactions but when people say this it sounds stupid. As if it's the same as throwing money into a slot machine.
Clearly the odds aren't that terrible.
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Zahrim
Colorado Fan
McCamey Texas
Member since Mar 2009
3836 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 12:01 pm to Powerman)
quote:
Don't confuse your personal plight with the overall health of the economy.
I am 42, I have been watching the economy closely for a long time. I still get the job search engines sending me local opportunities, they are few and far between. The food service industry, where I came from, is still running over 15% unemployment, a good friend went over 3 months before he was able to get a job in that industry (Exec Chef, talented and marketable). I am not terribly worried about my placement, our technical school (Ecotech) is running with a 90% placement rate currently. My wife has over 20 years experience in retail and over qualified for the few jobs available here in the Denver area. Honestly I hope I get a job in Canada, I would rather pay the taxes there where I actually get clean streets than the crap we pay for here in this country, especially that pile of shite Obamacare, it is significantly worse than what you get in Canada for the money paid.
I do not think the economy will do much more than stagnate for the next 4-6 years unless something different happens, which it wont. I expect our AA rating to go down again later this year as well.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 12:04 pm to Zahrim)
quote:
I do not think the economy will do much more than stagnate for the next 4-6 years unless something different happens
And who better to make such prognostications than some 42 year old student with decades of food service industry experience. 
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PrimeTime Money
Stetson Fan
Houston, Texas, USA
Member since Nov 2012
2319 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 12:08 pm to Powerman)
quote:
There is risk involved in the transactions but when people say this it sounds stupid. As if it's the same as throwing money into a slot machine.
There is more than one type of gambling.
It is similar to sports betting.
Also, you didn't answer my question. How are stock market rallies an indicator of overall economic health?
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NC_Tigah
LSU Fan
Member since Sep 2003
40105 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 12:19 pm to Powerman)
quote:
In what circumstance does it have worth?
In circumstances where long-term unemployment rate is not at record levels for a record time length.
I.e., in circumstances where first time unemployment more likely equates to job change than to long term job loss.
When LTUE has been >40% for three straight years, first time jobless claims is a relatively unimportant stat. When labor force participation rates are dropping like a rock, FTJC is a relatively unimportant stat.
The earlier analogy was, a guy who's been kicked 10X/day is now only kicked 8X. You pronounced "that's a good thing". It isn't a good thing. It represents continuing damage. It isn't a good thing. Sorry.
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weagle99
Ridin' on the Gus Bus
Member since Nov 2011
4162 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 12:50 pm to Powerman)
quote:
And who better to make such prognostications than some 42 year old student with decades of food service industry experience.
Did someone tell you that you would get a cookie for snarky comments? If so, they lied to you.
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NC_Tigah
LSU Fan
Member since Sep 2003
40105 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 12:58 pm to Powerman)
quote:
Are the market numbers completely worthless as well
Not to me. I love the market numbers.
But then again as my success in the market would strictly rate as anecdotal, and in honoring your antipathy here toward anecdotes, I don't see where it's relevant.
OTOH, instability of tax law, instability of regulation, and continual threat of assault on business by this Administration has led to historically large amounts of sidelined capital. It has resulted in damaging declinations in the velocity of money. That in turn has negatively impacted federal revenue.
You seem quite enamored with pathetic inefficiency in the economics wrought by Obama & Co.
I'm not.
Simple as that.
You forward isolated stats like a decline in acceleration of spending as wonderful things. With the specter of inflation, debt/deficits, and teetering domestic real estate the risk of another downturn is certainly not countered by the meager green chutes you're enthralled with.
Might they be the earliest signs of recovery?
Yes.
Might they simply be harbingers of imminent and unnecessary stagflation?
Yes.
Bottomline: For 4yrs Washington DC jackasses have done more harm than good to this economy. The results of their efforts were predictable and enabled by sunshine pumpers.
Got it, sunshine pumper?
This post was edited on 1/26 at 1:01 pm
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:14 pm to weagle99)
quote:
Did someone tell you that you would get a cookie for snarky comments? If so, they lied to you.
No
I just don't think that he has any clue what he is talking about
If retail and food service are struggling here he is locally that doesn't mean that everything sucks
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:16 pm to NC_Tigah)
quote:
But then again as my success in the market would strictly rate as anecdotal, and in honoring your antipathy here toward anecdotes, I don't see where it's relevant.
But your success in the market would be considered the norm when the market is roaring right it is now
Not just an anecdote
You left it out because you're a hack
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NC_Tigah
LSU Fan
Member since Sep 2003
40105 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:25 pm to Powerman)
quote:
You left it out because you're a hack
No.
I left it out because 88% of hedge funds, 65% of large-cap core, 80% of large cap value mutual funds, and 67% of small-cap mutual funds, and many many financial advisors underperformed the market.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115659 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:27 pm to NC_Tigah)
quote:
I left it out because 88% of hedge funds, 65% of large-cap core, 80% of large cap value mutual funds, and 67% of small-cap mutual funds, and many many financial advisors underperformed the market.
During what time frame?
And what do you mean by "underperformed?"
Compared to what? You?
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RogerTheShrubber
LSU Fan
Juneau, AK
Member since Jan 2009
71864 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:35 pm to wolfgang)
quote:
I will say this, that with 40 something per cent of the people depending on government checks, that no the recession is not over and never will be.
Just a different way of dealing with "recession" than we used to have. Government dependency is pretty normal these days.
I don't think the recession ever took hold here. Think the highest unemployment rate (seasonal) in town was around 7%. It stays around 4-5%
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PrimeTime Money
Stetson Fan
Houston, Texas, USA
Member since Nov 2012
2319 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:43 pm to Powerman)
Powerman knows as much about economics as Whoopi Goldberg.
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ForeLSU
LSU Fan
The Corner of Sanity and Madness
Member since Sep 2003
30358 posts
 Online
| re: Are we finally out of the recession? (Posted on 1/26/13 at 1:48 pm to Powerman)
quote:
And what do you mean by "underperformed?"
seriously?
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Bravescd14 
Alabama Fan
Huntsville
Member since Nov 2009
329 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 2:07 pm to Powerman)
quote:
During what time frame?
And what do you mean by "underperformed?"
Compared to what? You?
Plz stop typing
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southernelite 
McNeese State Fan
Lake Charles
Member since Sep 2009
33052 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 2:12 pm to Powerman)
quote:
And what do you mean by "underperformed?"
and you were calling some other guy stupid for suggesting that 1% growth wasn't enough?
Why do you like sucking the Dow Jones dick so much?
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