20 posts
i sincerely hope we have seen the bottom of this depression/recession/whatever. i came across this article which tended to back my worst fear, that we have only just started the slide. anyone care to pick it apart? from my knowledge of economics which is admittedly at a 200 level (micro/macro coursework) he is right. their is no claiming the evidence is biased either, as it comes from the fed. the interpretation as always can be questioned.
http://economicedge.blogspot.com/2009/08/week-in-charts-buckle-heck-up.html
does this mean i should sell my axe-fx ultra?
The — Aug 17, 2009does this mean i should sell my axe-fx ultra?
I'll give you free healthcare and a slice of bread for it. ;) :D
chase — Aug 17, 2009i sincerely hope we have seen the bottom of this depression/recession/whatever. i came across this article which tended to back my worst fear, that we have only just started the slide. anyone care to pick it apart? from my knowledge of economics which is admittedly at a 200 level (micro/macro coursework) he is right. their is no claiming the evidence is biased either, as it comes from the fed. the interpretation as always can be questioned.
http://economicedge.blogspot.com/2009/08/week-in-charts-buckle-heck-up.html
We can't claim what you present to be biased, but we can question the interpretation? Well, thank you. ;D ;D
I farted and it stinks. You may question whether or not I actually farted, but you may not question the smell of my fart. ;D ;D
Pretty little charts aren't they? ;D
The — Aug 17, 2009does this mean i should sell my axe-fx ultra?
probably
Hookbender — Aug 18, 2009[quote author=chase link=1250487952/0#0 date=1250487952]i sincerely hope we have seen the bottom of this depression/recession/whatever. i came across this article which tended to back my worst fear, that we have only just started the slide. anyone care to pick it apart? from my knowledge of economics which is admittedly at a 200 level (micro/macro coursework) he is right. their is no claiming the evidence is biased either, as it comes from the fed. the interpretation as always can be questioned.
http://economicedge.blogspot.com/2009/08/week-in-charts-buckle-heck-up.html
We can't claim what you present to be biased, but we can question the interpretation? Well, thank you. ;D ;D
I farted and it stinks. You may question whether or not I actually farted, but you may not question the smell of my fart. ;D ;D
Pretty little charts aren't they? ;D
yes, real pretty. they show the demise of our economy. wonder if they come in red?
Bush doesn't. He's on the blue side.
The world is going to end. The sky is falling. Etc.
Where was all this alarmism when we went to Iraq? Why did you not start caring a whit about politics until Obama got elected?
the economic situation is far worse now than it has ever been in my lifetime; hence the excitement.
So when it was far worse under Bush it didn't matter? And now Bush is gone, thank any being in the sky, and you decided to pick apart every move Obama makes in an attempt to fix the destruction that Bush caused? Maybe Obama should ignore all the expert advise he's getting, and most economist at the time, and just let the free market take care of itself. :P
Can you provide any evidence that some other plan of action would have worked better? So far, your articles and yourself have done nothing but predict failure. Got any predictions of some other plan that would work better?
We get you don't like Obama. You can't really think that McCain and Palin would have done a better job? We witnessed McCain completely lose it during the campaign. Maybe the old McCain would have done a decent job, but certainly not the one that ran for President against Obama. And Palin....well, enough said on her.
You seem to have forgotton that the economy was coming apart at the seems at the end of Bush's term. Not Obama's.
Chase, you can't have it both ways. You want a massive correction. So, if what you are forecasting happens, isn't that what you want? Isn't it working out perfectly?
Hookbender — Aug 19, 2009
You seem to have forgotton that the economy was coming apart at the seems at the end of Bush's term. Not Obama's.
Come on Hookie, isn't 8 months enough for you to determine that Obama is an abysmal failure?
I wouldn't consider him a failure even if his attempt didn't work. If there were a clear cut fix for this mess, and Obama ignored it, then you could bitch a little. But there isn't. And, Obama didn't cause this stuff, Bush did. So, if this doesn't work, we have to try something else or modify what we're doing now. I'm confident Obama could change his direction if needed. I doubt he would hesitate one second to fix this shit if he could.
That's what irritates me about the whole thing. This is a huge mess. Nothing is guaranteed. If this plan of action fails, it's not a reflection on Obama, in my opinion. It simply means we have to change direction.
Mr. Educated.....
http://news.yahoo.com/s/ap/20090820/ap_on_bi_st_ma_re/us_wall_street
Optimistic. Try that a while. Ahhh, did you notice....pay back the government loans in that article? Seems the government has made a shit load of money at times on their loans.....as in the Chrysler thingy. That could be good news. And hey.....my wife is gonna pay back her student loan. Goddamn, things are turnin around aren't they? :o
the best analogy I've seen goes like this:
some dudes want to get their car started.
they have the benefit of hill.
they start pushing the car down the hill and get up some speed.
at the bottom of the hill, they pop the clutch.
right now, we're rolling down an easy fed money hill in our U.S. economy ride.
the question is, will the car start when we pop the clutch or will we be stuck at the bottom of a hill in a car that's out of gas?
nobody knows - the answer should be more clear sometime next year.
charger — Aug 19, 2009[quote author=Hookbender link=1250487952/0#9 date=1250723103]
You seem to have forgotton that the economy was coming apart at the seems at the end of Bush's term. Not Obama's.
Come on Hookie, isn't 8 months enough for you to determine that Obama is an abysmal failure?
who gives a fuck who's driving?
Hookbender — Aug 21, 2009Mr. Educated.....
http://news.yahoo.com/s/ap/20090820/ap_on_bi_st_ma_re/us_wall_street
Optimistic. Try that a while. Ahhh, did you notice....pay back the government loans in that article? Seems the government has made a shit load of money at times on their loans.....as in the Chrysler thingy. That could be good news. And hey.....my wife is gonna pay back her student loan. Goddamn, things are turnin around aren't they? :o
how about this. if your convinced of a recovery, i suggest you invest heavily right now. from my point of view it's a bit different. every "real" sector of the economy is deteriorating be it unemployment, production, corporate profits, real estate, credit defaults, deficits, construction, etc. there is a strong disconnect between the markets value and reality.
And you are wrong. Most everything you mentioned is showing signs of recovery. You live in a real gloomy world don't you? You sure you wish Obama to fail no matter the cost?
Here's to the economy...
http://news.yahoo.com/s/ap/20090821/ap_on_bi_st_ma_re/us_wall_street
showing signs of recovery? do you have a clue what that means? you want to say my sources are biased towards an opinion sometimes... check your own.
showing signs of recovery = still falling, just not as fast.
go fact check, every stat i mentioned is getting worse.
Did you read the article? It certainly isn't biased at all. In fact, it backs up what you've been saying but points out certain aspects of the economy that are showing signs of recovery. Like unexpected jumps in home sales, for example.
You just sit in the closet and cry. I choose to be optimistic. The economy is still in bad shape. Buy recovery, or the decline in the economy, can still take turns for the better. Meaning the the economy can stop getting worse and level out, while it's still in bad shape.