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matthew25
Ole Miss Fan
Member since Jun 2012
4022 posts

Obama's Recovery Has Failed; Dow 20,000 Not Far Off

Above are 2 headlines at MSNMoney.com.

Which is it? If the recovery fails, the automakers fall, the insurance companies fall, the banks and financials fall.

Gloom and Doom sells papers.


Coeur du Tigre
LSU Fan
Waiting for Geauxdeaux.
Member since Nov 2008
411 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
The two abiding rules for editors today:

1.) Bad news sells, good news smells; and

2.) Troll the haters.

Any mention of Obama's name serves Rule 2. Easy money.


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BACONisMEATcandy
LSU Fan
Delta, Amex, & Über Threads
Member since Dec 2007
43107 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
I am under the belief personally that we are just propped up by quantitative easing. I hope I am wrong but I we will eventually find out.

I am not a financial wiz like most on here but, I also think if you compare prices to the price of gold ... They're not far off from the ratio when things were much cheaper. I hope that does not hold true for the markets.

However,I do enjoy how you want to give all the credit to Obama for bailing out the banks but most folks want the 1st bailout money that was appropriated during Bush's tenure but spent under Obama's to count for spending under Bush. I wasn't a fan of either but if you give credit to one you should give to both.


Lsut81
USA Fan
Member since Jun 2005
66235 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
quote:

Obama's Recovery Has Failed; Dow 20,000 Not Far Off



Replace Obama with Bernanke....

How many billions a month is the Fed spending to prop up the markets? I've said it many times, I think he stops pumping a few months before Obama leaves office.


CamdenTiger
Member since Aug 2009
29974 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
At what cost? Ask yourself that. Look at the deficits under Obama, and then look at total Jobs created from when he took office, and those that dropped out....The monetary policy has left no refuge for anyone to place their money anywhere else , but the Stock Market. What happens when sanity returns?


Lsut81
USA Fan
Member since Jun 2005
66235 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
quote:

What happens when sanity returns?


Exactly...

I think the moment it is announced that the Fed stops pumping, the market will tank exactly like 08/09... -500 days over and over again.



MoreOrLes
LSU Fan
Member since Nov 2008
18670 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
i agree

not only that but the interest rates will jump way up over night as the bond market will be dead.

Real estate will also take a dump or at the very least become stagnant


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Zach
LSU Fan
Member since May 2005
70697 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
Friday's NYT is totally schitzo. The front page announces the good news of the unemployment numbers crediting Obama. The editorial page announces the bad news of the unemployment numbers blaming the sequester.


CamdenTiger
Member since Aug 2009
29974 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
Crazy, ain't it. I bet they are happy all those people dropped out of the workforce to get the percentage down...Wow, another win in their eyes..its like the Twilight freaking zone...


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Bestbank Tiger
Tulane Fan
Landmass
Member since Jan 2005
24049 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
They can both be true. The Wall Street fat cats are doing well thanks to corporate welfare, while Main Street is getting the shaft.


notiger1997
Member since May 2009
26052 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
You will not get either side to agree on any news reports about the stock market or economy. It's all about speaking the party BS, and nothing about reading numbers/reports, etc.


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Draconian Sanctions
LSU Fan
2011 SECr Hall of Flame Inductee
Member since Oct 2008
45835 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
quote:

However,I do enjoy how you want to give all the credit to Obama


I don't want to give him all the credit but it's only fair since TD.com gave him all the blame when the DOW was down a few years ago.


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7693 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
Obama is a Corporatist. Corporations are profiting under his presidency. What a majestic anomaly.


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Zach
LSU Fan
Member since May 2005
70697 posts

re: Obama's Recovery Has Failed; Dow 20,000 Not Far Off
quote:

They can both be true. The Wall Street fat cats are doing well thanks to corporate welfare, while Main Street is getting the shaft.


But that's not the contradiction. BTW, it's Sat's NYT. The contradiction is that page one trumpets the just released unemployment numbers as wonderful while the last page laments that the just released unemployment numbers are horrible. They can't be described as good and bad by the same source.


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