The End Is Near! (Eat At Joe's!)

Discussion in 'Economy' started by mascale, Mar 2, 2009.

  1. mascale
    Offline

    mascale VIP Member

    Joined:
    Feb 22, 2009
    Messages:
    4,033
    Thanks Received:
    210
    Trophy Points:
    85
    Ratings:
    +453
    Economies facing extinction do not raise personal income and spending at the same time, which happened in USA in January, well before the stimulus tax cuts and spending commence. That is also before the new federal mega-spending budget takes shape, and while consumers rake in fuel price decline mega-bonus-bucks, and while the federal government is throwing mega-mega-bucks at financial institutions.

    The Traditional measure of a recession is two and more back-to-back quarters of GDP decline. That has happened of record. A deterioration in asset values has happened, met with the mega-buck bailouts and failures. A decline in spending and income has not happened. An increase of saving has happened even at the same time.

    Millions have no doubt seen the stock market and economic commentator analyses before! Little kids, in the past, have been known to throw peanuts, and other debris, at them. On the front side, the bearer wears the sign, "The End Is Near!" On the back, the other sign reads, "Eat At Joe's!"

    (Any resemblemence between the foregoing, and CNBC commericial TV: Is probably too funny for even the laugh-along-at-midnight, programmng commentators, to bring up!)

    "Crow, James Crow: Shaken, Not Stirred!"
    (The Obama West Wing is After All: An Ivy League Educated People--where never are seen. the discouraging riff, or even the new, discouraged raff!)
     
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,617
    Personal incomes went up as a half million newly unemployed filed for unemployment insurance?

    That's interesting, mescale.

    Where'd you get that data?
     
  3. mascale
    Offline

    mascale VIP Member

    Joined:
    Feb 22, 2009
    Messages:
    4,033
    Thanks Received:
    210
    Trophy Points:
    85
    Ratings:
    +453
    The Wire Services typically rely on U. S. Bureau of Economic Analysis, which put out the monthly report of findings, March 2, 2009. Personal income was up 0.4%, at $44.8 bil., Disposable Income shot up $183.0 bil., and Personal Consumption went up $56.4 bil.

    It is not likely that stock market gains accounted for much of the increase, but in my own case: The de-listed shares from last summer were listed again, and so I bought more, and the price of those shares went up 30% or so in February.

    And in this year, this is only March.

    Anyone knows how liberals are about money: So to sniff! (Quaker joke!)

    "Crow, James Crow: Shaken, Not Stirred!"
    (We again notice how well the civilization seems to be working for so many! The poor now have their chance! Anyone will say that the Ivy League does know how to re-distribute income(?)!)
     
    Last edited: Mar 2, 2009

Share This Page