economy is not on a rebound, it's on a roar

[Katzndogz]

The economy isn't growing by 2%, more like 1.2% which means it's flat. It's not growing at all. We are on an unsustainable economic path. Anything that can't be sustained, won't be.

 

[emptystep]

Western Progressive

The stock market has nearly doubled under Obama, adding $7.3 trillion in market cap, according to Bloomberg Businessweek in mid-October.

That means that investors are $7.3T richer than in 2009. If you're not an investor in the stock market than I feel for you. Take your 2% and smile. Oh, and you're probably doing the work of three people right now, tough times and all you know.

 

[The Rabbi]

GDP growth is like 2%. That is not a roar. That is not really even growth.

Nah I'm pretty sure 2% growth is growth.

Not really. Count population growth and it goes to 0 pretty fast. But thanks for missing.

 

[SteadyMercury]

Not really. Count population growth and it goes to 0 pretty fast. But thanks for missing.

Pick your population growth rate for the US: List of countries by population growth rate - Wikipedia, the free encyclopedia

UN: 0.97%
CIA: 0.96%
World Bank: 0.86%

It is hard to believe those articles about adults in the United States with 4th grade math skills, at least until posters like you come along and prove it a reality.

Thanks for entertaining.

 

[The Rabbi]

Not really. Count population growth and it goes to 0 pretty fast. But thanks for missing.

Pick your population growth rate for the US: List of countries by population growth rate - Wikipedia, the free encyclopedia

UN: 0.97%
CIA: 0.96%
World Bank: 0.86%

It is hard to believe those articles about adults in the United States with 4th grade math skills, at least until posters like you come along and prove it a reality.

Thanks for entertaining.

OK, so you're down around 1% now. Given inexact measurement of these things that's probably within margin of error.
You lose. Again.

 

[boedicca]

The stock market doesn't reflect the broader economy. It is based on the stocks of Very Large Public Companies, many of which benefit from Crony Capitalism. It is also highly distorted by monetary policy. QE^Infinity has grossly inflated the money supply, so on an inflation adjusted basis, the growth is much smaller.

 

[Mac1958]

.

1. The stock market is not the economy.

2. Credit markets are still gummed up. Look at the income statements of the banks - interest income is still depressed, they're still not making loans. And because 0.2% of the banks control nearly 70% of the assets, and they're not making loans, that's a real problem. Gummed-up credit markets and other lingering effects of the Meltdown are going to keep growth slower than it should be for a while.

3. On the good side, real estate has clearly bottomed and is (slowly) working its way back up. Manufacturing is showing a heartbeat. Slack in the economy will allow interest rates to stay low for at least a little while. The economy is a mixed bag, but that's a helluva lot better than a free-fall or an outright collapse, which came within hours of happening.

4. None of the above, of course, will keep the partisan ideologues from both parties from pointing the finger at the other. So we always have that comedy to enjoy!



.

 

[boedicca]

Real estate is at risk when interest rates start rising to normal levels. Once the credit rating for the U.S. is destroyed, bond holders will require higher rates to rollover the debt, mortgage rates will rise, and real estate will dip again. If you are in the market, do it for the long run to own and pay off your house. If you think you are going to flip it and make a lot of money, you'll be sorely disappointed, methinks.

 

[emptystep]

The stock market doesn't reflect the broader economy. It is based on the stocks of Very Large Public Companies, many of which benefit from Crony Capitalism. It is also highly distorted by monetary policy. QE^Infinity has grossly inflated the money supply, so on an inflation adjusted basis, the growth is much smaller.

Are you saying that if I have $7.3 trillion in the bank I don't really have $7.3 trillion in the bank?

 

[The Rabbi]

The stock market doesn't reflect the broader economy. It is based on the stocks of Very Large Public Companies, many of which benefit from Crony Capitalism. It is also highly distorted by monetary policy. QE^Infinity has grossly inflated the money supply, so on an inflation adjusted basis, the growth is much smaller.

Are you saying that if I have $7.3 trillion in the bank I don't really have $7.3 trillion in the bank?

Yes. Is that too difficult?

 

[Zander]

[ame=http://www.youtube.com/watch?v=5eiSecp07p0]Kitten Roar - YouTube[/ame]

 

[emptystep]

Zanders, you're a self proclaimed Capitalist Pig, how has your portfolio done in the last three years?

 

[Zander]

Zanders, you're a self proclaimed Capitalist Pig, how has your portfolio done in the last three years?

My portfolio is not "the economy".

You having a tough time grasping that concept?

 

[emptystep]

Zanders, you're a self proclaimed Capitalist Pig, how has your portfolio done in the last three years?

My portfolio is not "the economy".

You having a tough time grasping that concept?

It's a simple question.

 

[boedicca]

Zanders, you're a self proclaimed Capitalist Pig, how has your portfolio done in the last three years?

My portfolio is not "the economy".

You having a tough time grasping that concept?

It's a simple question.

It's none of your business. Anyone who asks for or posts such PI on the internets is a moron.

 

[emptystep]

My portfolio is not "the economy".

You having a tough time grasping that concept?

It's a simple question.

It's none of your business. Anyone who asks for or posts such PI on the internets is a moron.

Why did you jump in? What's your portfolio done these last three years? It's a simple question.

 

[boedicca]

It's none of your business.

 

[mudwhistle]

Oh wow, odd how no one on the streets (American citizens) seem to feel this giant OMFGZ in your face "roaring" economy....

Instead we get UE numbers that are dismal at best and that’s even if you don’t count that the UE numbers count people falling off the ass end (unemployed too long so they lose their welfare check) get counted as a job created that month.


What kills me is how Democrats, liberals and Progressives would claim a roaring stock market under a President like Bush or lets just be fair, any Republican President, means that there is corruption and they are simply making the rich richer, and that's bad! But under Obama if he literally hands the rich hundreds of billions of printed money it's considered a "roaring recovery!!!."

Democrats put a negative spin on everything all 8 years of the Bush Administration. They were telling us the economy sucked when it was booming.

Now that the economy sucks they're constantly grasping at any indicator that isn't negative.


I think it's pretty clear that being honest isn't a consideration for them.

 

[jtpr312]

As of Dec 2012, the last time updated, the U6 unemployemt rate was at 14.4%. The U6 number is the true unemployment rate because it actually reflects working age Americans who want to work but can't find a job, unlike the UI rates the politicians throw around. The U6 number has not been below 14.4 since Dec 2008 and has actually reached an all time high of 17.1 under obama and has stayed between 15-17 for almost his entire time in office. By contrast, under Bush it never went above 10.3 and was between 7 and 8 for most of his two terms. Four more years of this, which is what we'll have with sambo in office and we'll ALL be in welfare and food stamps...........which is his goal.

 

[EdwardBaiamonte]

As of Dec 2012, the last time updated, the U6 unemployemt rate was at 14.4%. The U6 number is the true unemployment rate because it actually reflects working age Americans who want to work but can't find a job, unlike the UI rates the politicians throw around. The U6 number has not been below 14.4 since Dec 2008 and has actually reached an all time high of 17.1 under obama and has stayed between 15-17 for almost his entire time in office. By contrast, under Bush it never went above 10.3 and was between 7 and 8 for most of his two terms. Four more years of this, which is what we'll have with sambo in office and we'll ALL be in welfare and food stamps...........which is his goal.

A liberal said to me the other night that it took FDR a long time to end the Great Depression so BO deserves more time too. It is so far above their IQ's to even imagine how liberalism causes depression that is is barely worth talking about.

Liberalsim is blind and stupid. This is why the Constitution in effect made it illegal.