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acgeaux129 
LSU Fan
We are BR
Member since Sep 2007
13766 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 3:50 pm to Powerman)
No, man, I wasn't laughing with you, I was laughing at you.
The SP500 has rallied substantially since the New Year as a result of mostly good earnings reports. This, as others have asserted, is due in large part to earnings management. General sentiment from management, particularly in the tech sector, is that they are bracing for continued sluggish aggregate demand.
The actual recession ended in 2009, but to suggest that the overall economic outlook is great because of the recent rally is stupid. Some of the signs are encouraging but we are still facing a lot of headwinds. If we can get unemployment to start approaching 7%, then talk.
This post was edited on 1/26 at 3:51 pm
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115640 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 4:22 pm to acgeaux129)
quote:
No, man, I wasn't laughing with you, I was laughing at you.
Well then it's quite possible that you're stupid
quote:
The actual recession ended in 2009, but to suggest that the overall economic outlook is great because of the recent rally is stupid.
I'll buy that. Maybe it's not "great" but it is encouraging.
My point is it's just silly to suggest that market movements are a complete afterthought that can just be casually dismissed when there are tens of trillions of dollars invested in the markets.
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NC_Tigah
LSU Fan
Member since Sep 2003
40059 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 4:54 pm to Powerman)
quote:
Well then it's quite possible that you're stupid
You should probably skip the financial threads PM.
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pr0jektblack
LSU Fan
Member since Oct 2011
499 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 5:10 pm to acgeaux129)
quote:
The actual recession ended in 2009, but to suggest that the overall economic outlook is great because of the recent rally is stupid. Some of the signs are encouraging but we are still facing a lot of headwinds. If we can get unemployment to start approaching 7%, then talk.
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acgeaux129
LSU Fan
We are BR
Member since Sep 2007
13766 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 5:12 pm to Powerman)
Good reading material on 2013 outlook for those interested
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ForeLSU
LSU Fan
The Corner of Sanity and Madness
Member since Sep 2003
30353 posts
 Online
| re: Are we finally out of the recession? (Posted on 1/26/13 at 5:18 pm to Powerman)
quote:
My point is it's just silly to suggest that market movements are a complete afterthought that can just be casually dismissed
then why are you doing that?
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ApexTiger
LSU Fan
cary nc
Member since Oct 2003
28130 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 6:19 pm to Powerman)
quote:
What economic trend are you not satisfied with
Financial markets are improving
Labor market is improving
We're producing more oil than we ever have
Tell me what I should be depressed about
It's all coming back in-spite of Obama's ideology to enlarge our government size and spending. Even though he says all the right things publicly... The man still hasn't passed a budget since becoming President...so, that' all I need to know about his conviction about spending money we don't have. Obamacare will be a disaster...like all the rest of government programs we have today as evidence
the problem here is that the next recession will be 10 times worse because we don't actually fix problems we invent ways to kick them down the road
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115640 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 7:13 pm to ApexTiger)
quote:
It's all coming back in-spite of Obama's ideology to enlarge our government size and spending.
That's probably partially true
But I'm just talking about the economy. I don't care who gets credit or blame for it.
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texashorn
Member since May 2008
1089 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 7:14 pm to Powerman)
quote:
I mean seriously...how can people act as if retirement wealth growing is anything other than a good thing?
Ask the Occupy Wall Streeters, they don't seem to like it.
Your fat retirement account is what is contributing to the current "wealth inequality" that the liberals (perhaps yourself?) have been bitching about lately -- older people have assets and savings, younger people generally do not.
It's baffling that you keep harping on market-dependent retirement accounts as proof positive of economic recovery, when those accounts have risen almost exclusively because of trillions in debt issued by the U.S. government (quantitative easing) that you will likely never have to repay -- unless they take your 401k or IRA, and there are rumblings that Congress might do just that.
You are seriously tone deaf.
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UncleFestersLegs
Columbia MO
Member since Nov 2010
497 posts
| re: Are we finally out of the recession? (Posted on 1/27/13 at 10:02 am to Powerman)
quote:
Tell me what I should be depressed about
Educate yourself
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