Anyone Who Believe the Economy is Getting Better is a FUCKING MORON!

Discussion in 'Economy' started by GHook93, Nov 10, 2009.

  1. GHook93
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    GHook93 Aristotle

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    The "unofficial" unemployment is at 22%! That 10.2% is a disingenious mirage! See the chart and see below! They say the 10.2% because they don't want to call a spade a spade! We are in a DEPRESSION! The stock market went above 10,000 :gives:! It was an artificial unsustainable increase that is bound to run out and rapidly go the other direction! Expect another bust within the next 6 months!

    America is in a bad bad place! The political hacks point the finger at the other party! The fact is BOTH parties are equally at fault!

    [​IMG]


     
  2. Paulie
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    Paulie Platinum Member

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    There's too much liquidity right now sitting in bank reserves to just say the market is bound to come back down.

    Right now, the future looks like stagflation at best. But equities, gold, etc, will still remain inflated because where ELSE would you put your cash?
     
  3. GHook93
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    GHook93 Aristotle

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    CIT just went under, what happens when AIG falters against like it looks like its going to do! If businesses still continue to drop like flies and no businesses open up! Who is going to buy anything?
     
  4. Paulie
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    Paulie Platinum Member

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    Does the world's existence depend on CIT and AIG?

    Someone else will come along and take their market share. That's capitalism.

    AIG's stock has actually been doing WELL. They reverse-split a while back and actually took off from there. A lot of times a R/S ends up screwing shareholders.

    There are always going to be places for people to put their money. 2 companies doesn't make or break the whole world, but I understand your fears.

    My fears are inflation leading to stagflation.
     
  5. GHook93
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    GHook93 Aristotle

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    I am not a big fan of that answer, because Capitalism doesn't always take care of everything! Just because a company goes down doesn't mean a void will be filled! Jobs are going overseas with little hope of coming back, construction jobs are not being funded by the previous reckless handing out of credit and many like actions. New regulations, such as cap and trade (kill and bury business law), new business regulations etc are not making things better!

    Smart Capitialism is what I am for!
     
  6. Toro
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    Toro Diamond Member

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    So John Chambers, the CEO of Cisco, the biggest and most important networking company in the world, who said that business orders are picking up and the economy is getting better is a fucking moron?
     
  7. johnrocks
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    johnrocks Silver Member

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    What is Smart Capitalism and who defines it?:doubt:
     
  8. KittenKoder
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    KittenKoder Senior Member

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    Cisco is world wide. ;)
     
  9. edthecynic
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    edthecynic Censored for Cynicism

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    Corsi, WingNutsDaily, accurate, .... NEVER!!!!!!

    But going along with the "Corsi Rationalization," U3 peaked at 9% for May 1975 and never hit double figures during the period 1973 to 1975, but during the Reagan Recession of 1982-1983, U3 peaked at 10.8% Nov and Dec of 1982 and was in double figures 10 consecutive months, so St Ronnie's real UE would be around 25% to 26% at the very least and maybe as high as 30%.

    But CON$ have a selective memory that blocks out the Reagan Recession of 1982 and 1983 and only remembers the Nixon/Ford recession of 1973 to 1975. :cuckoo:
     
    Last edited: Nov 10, 2009
  10. eagleseven
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    eagleseven Quod Erat Demonstrandum

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    U6 unemployment is slightly above 17%.
     

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