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re: Where is the Economic Meltdown?
Posted on 8/1/14 at 2:49 pm to BayouBlitz
Posted on 8/1/14 at 2:49 pm to BayouBlitz
Im honestly surprised his posts aren't in ALL CAPS. I truly believe he is Harvey Updyke.
0
Posted on 8/1/14 at 2:52 pm to AUbused
quote:
Now that the stock market has rebounded, unemployment numbers are down, home buying is up as is consumer confidence and spending all I hear is that the recovery is "in spite" of Obama
Timely statement made in a week where the stock market lost its gains for the year and the unemployment rate just increased.
Were you the last passenger to get on the Titanic too?
Posted on 8/1/14 at 2:53 pm to rintintin
When I listen to conservatives forced to report on improving economic numbers you can straight up HEAR their bitterness. We could literally be experience an economic golden age right now and they'd still have sandy vages.
Posted on 8/1/14 at 2:55 pm to doubleb
Actually its still up 5.5%. Even if it had lost the years gains the DOW is up over double from 2008.
Do you even portfolio bro? That being said, the stock market seems, at this point, completely detached from main street reality.
Do you even portfolio bro? That being said, the stock market seems, at this point, completely detached from main street reality.
Posted on 8/1/14 at 2:58 pm to AUbused
quote:
completely detached from main street reality
In your opinion, what is main street reality?
Posted on 8/1/14 at 2:59 pm to S.E.C. Crazy
quote:
Over 90 million Americans or out of the workforce
lol that's like 30% of the US population
Posted on 8/1/14 at 3:00 pm to rintintin
quote:
People always predict doom and gloom, this isn't unique under Obama.
What "doom and gloom"?
Visited my new doctor yesterday, for high blood pressure. He mentioned "stress"...and I told him that the kind of stuff most folks today see as stressing...I take as a personal challenge. Stress, would be the door dropping and Normandy Beach staring me in the eye. He sized me up pretty quick. Gave me some meds (just in case) and told me that it might be more productive to override the bodily reaction to accepting a *challenge*. Efficiency...as it were. Good man. Smart too.
I'll paint him a pic for his office.
Posted on 8/1/14 at 3:00 pm to AUbused
There's a lot of bad information in this thread, starting with the assumptions you make in the OP. But if you want a comparison of how the Obama lead recovery has compared to other recent recessions, this paper sums it up very well...
Consumption and the Great Recession
Best thing is, you don't even need to read the whole paper if you have a short attention span. Just scroll through the figures; they paint a very clear picture of just how badly this recovery was delayed.
The paper leaves the cause of this delay to be determined by the reader, but the result is indisputable: this economic recovery has been an absolute disaster. Any attempt to rationalize it otherwise is being intentionally disingenuous.
EDIT: Here is the direct link if you don't want to download the paper from the SSRN...
Consumption and the Great Recession
Consumption and the Great Recession
Best thing is, you don't even need to read the whole paper if you have a short attention span. Just scroll through the figures; they paint a very clear picture of just how badly this recovery was delayed.
The paper leaves the cause of this delay to be determined by the reader, but the result is indisputable: this economic recovery has been an absolute disaster. Any attempt to rationalize it otherwise is being intentionally disingenuous.
EDIT: Here is the direct link if you don't want to download the paper from the SSRN...
Consumption and the Great Recession
This post was edited on 8/1/14 at 3:10 pm
Posted on 8/1/14 at 3:00 pm to AUbused
$17 trillion in debt and rising. Inflation already is here, the cost of living has skyrocketed at the same time the average american family's net worth has gone down 40%. More and more people in their 20s and 30s are having to live at home with their parents. Obamacare has already kicked millions off their plans and millions more have seen their premiums soar and they haven't even started yet to tax us for it. The GDP is 'growing' at an anemic rate. And now our southern boarder is being flooded by illegals.
You're living in some sort of fantasy world if you think things aren't worse.
You're living in some sort of fantasy world if you think things aren't worse.
This post was edited on 8/1/14 at 3:09 pm
Posted on 8/1/14 at 3:00 pm to AUbused
quote:
When I listen to conservatives forced to report on improving economic numbers you can straight up HEAR their bitterness
If you really listen for it, probably.
People view their reality how they choose to view it. I'm sure every conservative is bummed because of the economy.
Posted on 8/1/14 at 3:02 pm to ironsides
In my view things have started to improve, but the doubling of the DJI from 2009-2014 seems to be vastly greater than any real improvement we've seen. Thats just IMO of course.
Posted on 8/1/14 at 3:03 pm to constant cough
quote:
You're living in some sort of fantasy world if you think things are worse.
Posted on 8/1/14 at 3:04 pm to constant cough
quote:
You're living in some sort of fantasy world
This seems to be a common phenomenon with Libs. Apparently it is one of the side effects from drinking unicorn milk?
Posted on 8/1/14 at 3:07 pm to funnystuff
I've been mostly self-employed for 40 years, fs; seen a lot of recession/recovery. Societal/cultural basics have changed...they won't be going back. And that will be the main influence on the future economy.
Of course, high tech could change it all within the space of a year or two. I can remember the 'peak oil' scare. And the war for oil thing. Now, due to fracking...we are swimming in Energy. Screw the insane ME.
Of course, high tech could change it all within the space of a year or two. I can remember the 'peak oil' scare. And the war for oil thing. Now, due to fracking...we are swimming in Energy. Screw the insane ME.
Posted on 8/1/14 at 3:08 pm to AUbused
quote:
Actually its still up 5.5%. Even if it had lost the years gains the DOW is up over double from 2008.
It's only up 14% from the 2007 high point. 14% over seven years is nothing to brag about.
Posted on 8/1/14 at 3:09 pm to RogerTheShrubber
quote:
People view their reality how they choose to view it.
I choose to view it as reality. ANY good number is followed by "imagine what it would be if Obama hand't". Dem grapes sho is sour.
Posted on 8/1/14 at 3:09 pm to BayouBlitz
quote:
I meant to type aren't. It's been edited.
Posted on 8/1/14 at 3:10 pm to Taxing Authority
quote:
It's only up 14% from the 2007 high point. 14% over seven years is nothing to brag about.
Since we're talking recovery you have to recover from somewhere. That somewhere is post drop.
Posted on 8/1/14 at 3:10 pm to AUbused
quote:Did you consider trading volume, flow of funds, capital investment, and corporate buy backs in this analysis?
the doubling of the DJI from 2009-2014 seems to be vastly greater than any real improvement we've seen.
Posted on 8/1/14 at 3:11 pm to AUbused
Ohhh the dreaded double tap!
This post was edited on 8/1/14 at 3:12 pm
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