Mattress Economy -or- Why We're Stagnating

Discussion in 'Economy' started by eagleseven, Jul 12, 2010.

  1. eagleseven
    Offline

    eagleseven Quod Erat Demonstrandum

    Joined:
    Jul 8, 2009
    Messages:
    6,518
    Thanks Received:
    1,254
    Trophy Points:
    48
    Location:
    OH
    Ratings:
    +1,255
    How does the public respond to uncertainty? They stop spending and stop investing, out of fear. A nation that does not spend nor invest, cannot grow.

    What is causing this uncertainty? President Obama's endless series of befuddling "comprehensive reform packages" and disregard for the national debt, of course.
     
    • Thank You! Thank You! x 2
  2. topspin
    Offline

    topspin BANNED

    Joined:
    Apr 29, 2010
    Messages:
    4,149
    Thanks Received:
    196
    Trophy Points:
    0
    Ratings:
    +196
    grasshopper I'll hold my hand out to you when you try to get on the train much too late. The economy will most def boom again, maybe inspite of Obama vs becuase of.
     
  3. eagleseven
    Offline

    eagleseven Quod Erat Demonstrandum

    Joined:
    Jul 8, 2009
    Messages:
    6,518
    Thanks Received:
    1,254
    Trophy Points:
    48
    Location:
    OH
    Ratings:
    +1,255
    Will it boom in one year, or ten? For the millions of unemployed and underemployed, they need recovery ASAP.
     
  4. topspin
    Offline

    topspin BANNED

    Joined:
    Apr 29, 2010
    Messages:
    4,149
    Thanks Received:
    196
    Trophy Points:
    0
    Ratings:
    +196
    oh shit the dumbass unemployed are fucked
     
  5. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,262
    Thanks Received:
    672
    Trophy Points:
    175
    Ratings:
    +1,602
    Well Strauss & Howe in "Generations" were claiming in 1992 that the boom would resume in 2020. Every analysis of age based spending patterns in the US has been making similar claims ever since then. Most analyses of the housing market put turnaround at about 2016 at the earliest (real estate is the biggest source of wealth in the economy). "The stock trader's Almanac" combining both the four year presidential cycle and 10 year census cycle again point to 2020-1 as the turnaround time.
     
  6. Pepe
    Offline

    Pepe Senior Member

    Joined:
    Jun 3, 2010
    Messages:
    153
    Thanks Received:
    36
    Trophy Points:
    46
    Location:
    Tennessee
    Ratings:
    +36
    From my perusings, I would say a turnaround by 2020 would be optimistic.

    If we could get rid of Obama and his worthless sychophants today and replace the entire lot with some folks with good common sense to make the required structural changes to Entitlements and Discretionary spending along with the requisite Regulatory and Tax Policy changes, it would be 2030 before UE returned to the 5% level.

    My two condensed cents.
     
  7. topspin
    Offline

    topspin BANNED

    Joined:
    Apr 29, 2010
    Messages:
    4,149
    Thanks Received:
    196
    Trophy Points:
    0
    Ratings:
    +196
    Well see 3 percent growth this year.
     
  8. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,765
    Thanks Received:
    12,761
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,705
    Oh goody. And that won't create enough jobs to put a dent in unemployment.

    If this were a non-Obamanized recovery, growth would have ranged between 5% and 9% for the 3 quarters.
     
  9. topspin
    Offline

    topspin BANNED

    Joined:
    Apr 29, 2010
    Messages:
    4,149
    Thanks Received:
    196
    Trophy Points:
    0
    Ratings:
    +196
    You can have a good growing economy and high unemployment. It's called lagging indicators. It will take years to unwind the high unemployment.
     
  10. boedicca
    Offline

    boedicca Uppity Water Nymph Supporting Member

    Joined:
    Feb 12, 2007
    Messages:
    41,765
    Thanks Received:
    12,761
    Trophy Points:
    2,250
    Location:
    The Land of Funk
    Ratings:
    +22,705
    The reason it will take years is because Obama's gargantuan growth of the size of government, huge deficits, staggering debt, and increased taxes are sucking all of the oxygen out of the private sector.
     

Share This Page