Lucky... 0 #26 October 28, 2009 Quote Quote Furthermore, I'm not claiming the recession is over in fact, just officially by way of the GDP. Say what???? That is in complete opposition to the title you put on this thread as well as being a self-contradicting statement. But I'll give credit where credit is due: By using just 17 words you probably made one of the shortest self-contradictory statements ever and it could have been shorter yet by about 3 or 4 words. Post #6 written by me: For all technical purposes once we have 1 + GDP Q then it is over, but in realistic terms it isn't over until the indicators are somehwere near normal. Hopefully that will be within a year. I'm really sorry you are unable to read. As for the title: It's official; recession is over, but.... Do you understand the inference? You must be a hoot to hang around, the "...but" at the end denotes there is more, not just the literal meaning. By many official accounts the recession is over, just as it was shortly after 32-33 when 2 consecutive tax increases pulled us out of the Great Depression, but unemp lingered on for years, which is why they cal it a 10-year depression. Quote Share this post Link to post Share on other sites
Lucky... 0 #27 October 28, 2009 QuoteTry telling that to the other 499 workers in my place and me. When the company decided to close our plant down and move our equipment out to Ireland and New York. Would have been different if we where making a loss but just greed on the part of the private equity firm who bought us last year. I hope it back fires on them, it will as to me the Irish plant is top heavy with people and will go through what we did over the last 3 years downsize a workforce due to new technology. Only thing is no one has told them yet and its doubtful they will see it coming ! o yeh and we are such professionals even in the 90 days notice period we are still breaking company production targets and achieving the highest quality standards in the company what a way to repay a loyal workforce I hear ya bro, mt work is and has been sporadic too. I have a descent temp job lined up that keeps getting pushed back. Great that you guys showed such character to the end. I'm not saying the recession is over, just that some numbers look good. Post 6 illustrates that. Quote Share this post Link to post Share on other sites
Lucky... 0 #28 October 28, 2009 Quote Discuss GDP data as long as you wish. Recession start and end dates are not determined only by GDP. In strict official terms by *some* economists it can, but of course we know the *real* recession won't be over for at least a year. I wrote that in post #6. Quote Share this post Link to post Share on other sites
Lucky... 0 #29 October 28, 2009 Quote Quote Quote For all technical purposes once we have 1 + GDP Q then it is over, but in realistic terms it isn't over until the indicators are somehwere near normal. Hopefully that will be within a year. Guess by that logic, the "Bush recession" that you keep yapping about didn't start until Q4 2008. 2008 GDP Q1 14373.9 Q2 14497.8 (+) Q3 14546.7 (+) Q4 14347.3 (-) 2009 GDP Q1 14178.0 (-) Q2 14151.2 (-) I think we should team up Lucky with Billvon in order to make a recessionometer. (Have a good suggestion where to plug the cables though) You're one deceived here, you have Mikes bogus GDP numbers, even Kallend backed off those. Those are not REAL GDP numbers; these are: http://www.bea.gov/...pdate&JavaBox=no Now, let me make this simple: 2008 Q1 -0.7 2008 Q2 1.5 2008 Q3 -2.7 2008 Q4 -5.4 2009 Q1 -6.4 2009 Q2 -0.7 2009 Q3 3.0 (projected) Maybe that's why Mike won't post his source. He does that, takes an obscure version of a data set with no source and parades them as the real McCoy - then runs away. Quote Share this post Link to post Share on other sites
Lucky... 0 #30 October 28, 2009 Quote Quote Furthermore, I'm not claiming the recession is over I think YOU did in YOUR title of the thread. Try again but no more back peddling. The, "....but" doesn't trigger a pause? Hmmm, not real intelliegnt not to think, "I wonder what he meant by that *but*?" Quote Share this post Link to post Share on other sites
Rstanley0312 1 #31 October 28, 2009 QuoteThe 3 major components of the economy are: - GDP - Stock market - Umemp The market hit 10k, dropped a couple hundred but holding, and now the GDP is going to be ~ +3.0% they say, which is a 4% improvement from last quarter, an amazing jump and teh 2nd jump since Obama took office and applied his stimulus. GDP 1st Q - -6.4 GDP 2nd Q - -1.0 GDP 3rd Q - +3.0 (projected) So that's a 5.4% gain and a 4% gain consecutively, I think we can say Obama has handled the economy well so far. But the 3rd looming head is the unemp which has slowed, but is still climbing. I can't think of a recession ever that the unemp rate hasn't been the lagger, so this is typical, but when then that is fixed we're home safe. Hopefully all can be better and unemp < 5% within a year. If so, taking the worst economic times since the GD, so the 2nd worst economic times ever, fixing them in < 2 years would be enormous and probably lead to 400+ EV's in 2012 and certainly lead to a monsterous Congressional lead in the 2010 midterm. Either way, hitting +3% is huge, a lot more than I expected. You have no idea what you are talking about. The market is oversold right now and will correct.... it's trending down again today and if you look at the charts or the technicals this does not look like it will hold at all. Investors like myself and my investor clients are scared to death because they see all of the indicators. As for the GDP.... that is a inflated number due to the stimulus that did nothing for long term growth just a quick bounce and a lot of it has to do with US companies managing their shit and cutting when they needed to do so which leads me to my next point... jobs. This is going to take a long while. a little FF (fun fact) for you..... the numbers do not even reflect those who picked up part time jobs out of necessitiy but still cannot find full time jobs so its actually worse. I am not blaming anyone for anything in this post but what I will say is that it is delusional to think that Obama has done much of anything..... I do know that the national debt is climbibg at a higher rate than ever before. So before you lay out claims please know what the hell you are talking about first. Oh and "projected" means squatLife is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
timmyfitz 0 #32 October 28, 2009 It's all because the Bush bailout is just now starting to take hold and improve the economy. Quote Share this post Link to post Share on other sites
Rstanley0312 1 #33 October 28, 2009 Quote It's all because the Bush bailout is just now starting to take hold and improve the economy. haha..... totally Anything good happening I actually credit to our companies doing business how it should be done to stay afloat. Meanwhile, those of us working on or with Wall Street are shaking in our boots.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
Belgian_Draft 0 #34 October 28, 2009 Quote Quote Quote Furthermore, I'm not claiming the recession is over in fact, just officially by way of the GDP. Say what???? That is in complete opposition to the title you put on this thread as well as being a self-contradicting statement. But I'll give credit where credit is due: By using just 17 words you probably made one of the shortest self-contradictory statements ever and it could have been shorter yet by about 3 or 4 words. Post #6 written by me: For all technical purposes once we have 1 + GDP Q then it is over, but in realistic terms it isn't over until the indicators are somehwere near normal. Hopefully that will be within a year. I'm really sorry you are unable to read. As for the title: It's official; recession is over, but.... Do you understand the inference? You must be a hoot to hang around, the "...but" at the end denotes there is more, not just the literal meaning. By many official accounts the recession is over, just as it was shortly after 32-33 when 2 consecutive tax increases pulled us out of the Great Depression, but unemp lingered on for years, which is why they cal it a 10-year depression. Yep, yer backpedaling. Your OP claimed the recession is over. The only "but" you added was to point out that the effects would be felt for a long time. Simple question time. Is the recession over or not? You've swapped positions several times already in this thread and even in one sentence! Pretty darn entertaining though. HAMMER: Originally employed as a weapon of war, the hammer nowadays is used as a kind of divining rod to locate the most expensive parts adjacent the object we are trying to hit. Quote Share this post Link to post Share on other sites
Lucky... 0 #35 October 28, 2009 QuoteYou have no idea what you are talking about. The market is oversold right now and will correct.... it's trending down again today and if you look at the charts or the technicals this does not look like it will hold at all. You're guessing, I'm calling the facts as they are today. I understand you want Obama to fail and the market must fail as well as the rest of America in irder for you to be satisfied, but the market is waaaaaay ahead of schedule, sorry that displeases you. Here's your view of teh market: http://finance.yahoo.com/q?s=^DJI Here's mine: http://finance.yahoo.com/echarts?s=%5EDJI#symbol=%5EDJI;range=1y QuoteInvestors like myself and my investor clients are scared to death because they see all of the indicators. How many said that as the DJIA went from 3500 to 9800 under Clinton and they got out at 5k? 6K? etc. QuoteAs for the GDP.... that is a inflated number due to the stimulus that did nothing for long term growth just a quick bounce and a lot of it has to do with US companies managing their shit and cutting when they needed to do so which leads me to my next point Naw, it had help but to call it inflated as in grossly, don't think so. Really only time can tell. But I appreciate you giving Obama credit for trying to save the country, unless, that is, you want him to fail. Quotejobs. This is going to take a long while. Which is always the last to recover. Quotea little FF (fun fact) for you..... the numbers do not even reflect those who picked up part time jobs out of necessitiy but still cannot find full time jobs so its actually worse. Nor do they reflect guys like me or otehr people who have fallen out of eligibility. QuoteI am not blaming anyone for anything in this post but what I will say is that it is delusional to think that Obama has done much of anything..... No,of course not. Being a dick like Hoover who said, "Tax cuts, my friends" or being a dick like McCain would have done and said, "Tax cuts, my friends" denotes a winner. When will neo-cons ever learn that tax cuts don't help and that affirmative response does? ANSWER: never. How did the GDP flip so very quickly? Luck? How did it flip so very quickly in 33 a year after Hoover trippled the top tax brkt and FDR opened the New Deal? Letting the 'market fix itself' cost 12 mill lives, of cours ethat's teh cost, right? And even then it didn't 'fix itself' until after 2 major tax increases and many other social programs. Clueless........ QuoteI do know that the national debt is climbibg at a higher rate than ever before. Due to 1.7B+ in bailouts and stimulus as a result of irresponsibilities Obama inherited. Again, you say we shouldn't do anything and let the market correct, right? Or should we give tax cuts to the rich, considering they are the only ones paying taxes? QuoteSo before you lay out claims please know what the hell you are talking about first. I do know what I'm talking about, I posted factual data and drew a conclusion. Here's for the est: http://blogs.wsj.com/economics/2009/08/03/getting-stronger-economists-raise-third-quarter-gdp-forecasts/ Oooooow, you better know what the HELL you're talking about. Funny how the principles from your side are full of hot air and demise, the left shwos general success. I bet you don't think it was the GHWB and Ckinton tax increases that pulled us out of the 1990 recession and into the largest growth in history. QuoteOh and "projected" means squat http://blogs.wsj.com/economics/2009/08/03/getting-stronger-economists-raise-third-quarter-gdp-forecasts/ Quote Share this post Link to post Share on other sites
Lucky... 0 #36 October 28, 2009 Quote It's all because the Bush bailout is just now starting to take hold and improve the economy. LOL. In reality that was a neccesarily evil. Quote Share this post Link to post Share on other sites
Lucky... 0 #37 October 28, 2009 QuoteYep, yer backpedaling. Your OP claimed the recession is over. The only "but" you added was to point out that the effects would be felt for a long time. Cherry-pick much? I wrote: But the 3rd looming head is the unemp which has slowed, but is still climbing. I can't think of a recession ever that the unemp rate hasn't been the lagger, so this is typical, but when then that is fixed we're home safe. Hopefully all can be better and unemp < 5% within a year. What part of that isn't clear that until unemp is fixed we're still in it? Honesty is hard for some people, and I'm truely sorry that Obama hasn't failed to justify your ill-cast vote of McCain. QuoteSimple question time. Is the recession over or not? You've swapped positions several times already in this thread and even in one sentence! I know, it's hard to live in this world with binary logic; it's over or it's not. The indicators are highly positive, 2 of 3 anyway. I stated that the reccession is over per rigid economists standards sinc ewe have + GDP. But also state from the OP the above, that until unemp lowers we are still in it. Hard for you read or hard for you to reason? Quote Share this post Link to post Share on other sites
Lucky... 0 #38 October 28, 2009 Here's a cool bit of objective info and forecasts. http://www.phil.frb.org/research-and-data/real-time-center/survey-of-professional-forecasters/2009/survq309.cfm Quote Share this post Link to post Share on other sites
Belgian_Draft 0 #39 October 28, 2009 I understand perfectly well. I understand that you haven't a clue as to what you are talking about. Let me see if I can make this any clearer by giving you a simple choice so everyone here knows just where you stand. The recession is: a) over or, b)not over I choose b). Which do you choose? Use whatever yardstick you want, i don't care. Just make up your mind. You either think it is or you don't. It really is that simple. Of course what either of us believes has little influence on the economy so don't be afraid to make a choice. I promise your decision will not put the economy into another downward spiral.HAMMER: Originally employed as a weapon of war, the hammer nowadays is used as a kind of divining rod to locate the most expensive parts adjacent the object we are trying to hit. Quote Share this post Link to post Share on other sites
Lucky... 0 #40 October 28, 2009 QuoteI understand perfectly well. I understand that you haven't a clue as to what you are talking about. Because I don't think as you do, according to you I don't what I'm talking about. Self-riteous brilliance. QuoteLet me see if I can make this any clearer by giving you a simple choice so everyone here knows just where you stand. The recession is: a) over or, b)not over I choose b). Which do you choose? Use whatever yardstick you want, i don't care. Just make up your mind. You either think it is or you don't. It really is that simple. Let me see your logic: A) The recession is in full boom or completely over. B) It will drop off and be rosey at some given time, not gradually get better. C) I have binary logic that cannot fathom things in degrees. D) Tax cuts, my friends. QuoteOf course what either of us believes has little influence on the economy so don't be afraid to make a choice. I promise your decision will not put the economy into another downward spiral. Nor will your personal hate for Obama hence hope for destruction of the US economy and US in general to satisfy your position. Quote Share this post Link to post Share on other sites
Belgian_Draft 0 #41 October 28, 2009 QuoteQuoteI understand perfectly well. I understand that you haven't a clue as to what you are talking about. Because I don't think as you do, according to you I don't what I'm talking about. Self-riteous brilliance. QuoteLet me see if I can make this any clearer by giving you a simple choice so everyone here knows just where you stand. The recession is: a) over or, b)not over I choose b). Which do you choose? Use whatever yardstick you want, i don't care. Just make up your mind. You either think it is or you don't. It really is that simple. Let me see your logic: A) The recession is in full boom or completely over. You are assuming I think it has to be one or the other. The recession doesb't have to be full boom to still be on, it can be barely existing. Even so, it would still be on. B) It will drop off and be rosey at some given time, not gradually get better. Most likely it will gradually get better. C) I have binary logic that cannot fathom things in degrees. Maybe you do, I don't D) Tax cuts, my friends. Could help, may not. If it were easy to figure out there would not be an argument about it. QuoteOf course what either of us believes has little influence on the economy so don't be afraid to make a choice. I promise your decision will not put the economy into another downward spiral. Nor will your personal hate for Obama hence hope for destruction of the US economy and US in general to satisfy your position. Hatred for Obama? Really? Is that why I voted for him? For the third time, do you think the recession is over or not? (Hint: Even if you think it is still going on in the tiniest form, then the answer is NO! If not, then the answer is YES!)HAMMER: Originally employed as a weapon of war, the hammer nowadays is used as a kind of divining rod to locate the most expensive parts adjacent the object we are trying to hit. Quote Share this post Link to post Share on other sites
Rstanley0312 1 #42 October 28, 2009 Quote Quote You have no idea what you are talking about. The market is oversold right now and will correct.... it's trending down again today and if you look at the charts or the technicals this does not look like it will hold at all. You're guessing, I'm calling the facts as they are today. I understand you want Obama to fail and the market must fail as well as the rest of America in irder for you to be satisfied, but the market is waaaaaay ahead of schedule, sorry that displeases you. Here's your view of teh market: http://finance.yahoo.com/q?s=^DJI Here's mine: http://finance.yahoo.com/echarts?s=%5EDJI#symbol=%5EDJI;range=1y Quote Investors like myself and my investor clients are scared to death because they see all of the indicators. How many said that as the DJIA went from 3500 to 9800 under Clinton and they got out at 5k? 6K? etc. Quote As for the GDP.... that is a inflated number due to the stimulus that did nothing for long term growth just a quick bounce and a lot of it has to do with US companies managing their shit and cutting when they needed to do so which leads me to my next point Naw, it had help but to call it inflated as in grossly, don't think so. Really only time can tell. But I appreciate you giving Obama credit for trying to save the country, unless, that is, you want him to fail. Quote jobs. This is going to take a long while. Which is always the last to recover. Quote a little FF (fun fact) for you..... the numbers do not even reflect those who picked up part time jobs out of necessitiy but still cannot find full time jobs so its actually worse. Nor do they reflect guys like me or otehr people who have fallen out of eligibility. Quote I am not blaming anyone for anything in this post but what I will say is that it is delusional to think that Obama has done much of anything..... No,of course not. Being a dick like Hoover who said, "Tax cuts, my friends" or being a dick like McCain would have done and said, "Tax cuts, my friends" denotes a winner. When will neo-cons ever learn that tax cuts don't help and that affirmative response does? ANSWER: never. How did the GDP flip so very quickly? Luck? How did it flip so very quickly in 33 a year after Hoover trippled the top tax brkt and FDR opened the New Deal? Letting the 'market fix itself' cost 12 mill lives, of cours ethat's teh cost, right? And even then it didn't 'fix itself' until after 2 major tax increases and many other social programs. Clueless........ Quote I do know that the national debt is climbibg at a higher rate than ever before. Due to 1.7B+ in bailouts and stimulus as a result of irresponsibilities Obama inherited. Again, you say we shouldn't do anything and let the market correct, right? Or should we give tax cuts to the rich, considering they are the only ones paying taxes? Quote So before you lay out claims please know what the hell you are talking about first. I do know what I'm talking about, I posted factual data and drew a conclusion. Here's for the est: http://blogs.wsj.com/economics/2009/08/03/getting-stronger-economists-raise-third-quarter-gdp-forecasts/ Oooooow, you better know what the HELL you're talking about. Funny how the principles from your side are full of hot air and demise, the left shwos general success. I bet you don't think it was the GHWB and Ckinton tax increases that pulled us out of the 1990 recession and into the largest growth in history. Quote Oh and "projected" means squat http://blogs.wsj.com/economics/2009/08/03/getting-stronger-economists-raise-third-quarter-gdp-forecasts/ You sound like a broken record. You act like you are citing fact but the truth is that you now nothing compared to what I do when it comes to the market. Do you think adding a link to yahoo finance at what the dow is currrently at proves anything? Guess what? It doesn't. The market can literally slide off in a day or a month (Oct. 2008 ring a bell) You are generalizing and saying Obama has done all of these great things and its ALL garbage. No I don't want him to fail! That would be horrible for the country and me personally. I do not think the road he is on is the right one and I feel his economics are horrible but I still have "hope" that he will "change". As for the New Deal..... we are still feeling the pain from that piss poor bit of legislation. The market has a cycle and the more you mess with it the more you change that cycle. If we focus on what is good about american business and support it that will help the market NOT throwing money towards failing businesses. projections do mean squat no matter what the WSJ publishes. I am not saying that we are not going to hit that but to use that as a basis of your argument.... wait until the real numbers come out. Some of those same sources have missed on the forcasts of their own companies. It also does not show that Obama has done this... again... give credit to what really happened. American companies tighted their bootstraps and got to work. Yout think I'm full of hot air? You speak in generalities and forcasts and want to credit anything good to your boy but anything bad that is going on is "Bush's fault". Riiiight...... P.s. I am not a Bush or Mcain fan especially economically so you can stop spewing BS like that.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
Rstanley0312 1 #43 October 28, 2009 Talk about perfect timing..... http://money.cnn.com/galleries/2009/news/0910/gallery.economic_recovery/index.html Keep going though because there are several in my office now reading and laughing at your statements...... good times.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
Rstanley0312 1 #44 October 28, 2009 Quote Quote Talk about perfect timing..... http://money.cnn.com/galleries/2009/news/0910/gallery.economic_recovery/index.html Keep going though because there are several in my office now reading and laughing at your statements...... good times. What's the office opinion RE the next round of mortgage resets, the potential for a collapse of commercial real estate, and the strength of short-term commercial paper? None of those can be rosy for the next two years. Inquiring minds want to know. The opinion is simply: FEAR the next round of resets is sadly not a huge concern compared to the state of commercial paper. It will be the dagger in some of the banks that are still holding on or may even be showing some signs of recovery because they cannot get them off of their books. It is hard to quantify how big it will be because along with the issues of companies having a tough time paying the bills the banks are cutting back or off the current lines to minimize exposure. Many businesses cannot operate without those so it ends up being a final nail which then goes back to the bamk at a loss for the current line the was given. The banks really don't have a choice at the moment though unfortunatly. The mind set is "hold on". Not only is this market inflated under false pretexts and sheer market emotion and sentiment but this big issue is being ignored almost otherwise what had happened with the dow thus far never would of. The question is.... can the dow hold any of its gain? Maybe but we feel it is going to go through another big swing with the vix moving back on up again.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
christelsabine 1 #45 October 28, 2009 Quote .... I think we should team up Lucky with Billvon in order to make a recessionometer. (Have a good suggestion where to plug the cables though) Man, really. You never leave out a chance to present some weird street language. Does that originate from your home goat hill in the Caribbeans? dudeist skydiver # 3105 Quote Share this post Link to post Share on other sites
kallend 2,147 #46 October 29, 2009 QuoteTalk about perfect timing..... http://money.cnn.com/galleries/2009/news/0910/gallery.economic_recovery/index.html Keep going though because there are several in my office now reading and laughing at your statements...... good times. In terms of the recession being or not being over, your office mates' opinions are no more valid than Lucky's. The official word only comes from NBER.... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Rstanley0312 1 #47 October 29, 2009 QuoteQuoteTalk about perfect timing..... http://money.cnn.com/galleries/2009/news/0910/gallery.economic_recovery/index.html Keep going though because there are several in my office now reading and laughing at your statements...... good times. In terms of the recession being or not being over, your office mates' opinions are no more valid than Lucky's. The official word only comes from NBER. Ok.Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
Baksteen 84 #48 October 29, 2009 Quote Lucky, you are all wrong. Osama eats kittens and small children. He is what is wrong with this country! His liberal policies are gonna put us all in the poorhouse! He is just another tax-and-spend liberal! .... and he is [gasp] black! He's an Arabian millionaire, I think you'll find."That formation-stuff in freefall is just fun and games but with an open parachute it's starting to sound like, you know, an extreme sport." ~mom Quote Share this post Link to post Share on other sites
Lucky... 0 #49 October 29, 2009 Oh, good news, well, bad news for you since you want failure for the US so Obama can look bad. http://news.yahoo.com/s/ap/20091029/ap_on_bi_ge/us_obama_economy_1 WASHINGTON – President Barack Obama is hailing new figures showing the economy grew at a 3.5 percent rate in the third quarter, saying the country has "come a long way" since early this year. In remarks prepared Thursday for a small business group, Obama said he believes the new figures are "an affirmation that this recession is abating and the steps we've taken have made a difference." The economy had shrunk by 6.4 percent in the first quarter. The president cautioned, however, that "we have a long way to go to fully restore our economy" and recovery from the deepest business slump since the 1930s-era Great Depression. He called the report "welcome news." Quote The market is oversold right now and will correct.... it's trending down again today and if you look at the charts or the technicals this does not look like it will hold at all. Investors like myself and my investor clients are scared to death because they see all of the indicators. Since we'e all about watching the market on a daily basis rather than over the longrun, Look at the market right now: DJIA +155.98 and climbing; must be over all that fear as the GDP data is released. Quote As for the GDP.... that is a inflated number due to the stimulus that did nothing for long term growth just a quick bounce and a lot of it has to do with US companies managing their shit and cutting when they needed to do so ... Thx for bringing that up, the numbers were just released today.....+3.5%. I estimated / projected 3% from what I read, sorry for being so far off, but pleasing to me, not so for you, I was modest. Quote So before you lay out claims please know what the hell you are talking about first. I didn't claime we were out of the woods, just that the early numbers are looking great. As for knowing what who is talking about, all I have claimed have come to fruition, now my next claim that I hope jobs will fix and be Quote Oh and "projected" means squat Yea, true, I was 1/2% off to the modest, so you really nailed itBTW, you must have hated life under Clinton as those times were the best for the US longest sustained growth and the worst for deficit/debt lovers, AKA Republicans. Quote Share this post Link to post Share on other sites
Rstanley0312 1 #50 October 29, 2009 Quote Oh, good news, well, bad news for you since you want failure for the US so Obama can look bad. http://news.yahoo.com/s/ap/20091029/ap_on_bi_ge/us_obama_economy_1 WASHINGTON – President Barack Obama is hailing new figures showing the economy grew at a 3.5 percent rate in the third quarter, saying the country has "come a long way" since early this year. In remarks prepared Thursday for a small business group, Obama said he believes the new figures are "an affirmation that this recession is abating and the steps we've taken have made a difference." The economy had shrunk by 6.4 percent in the first quarter. The president cautioned, however, that "we have a long way to go to fully restore our economy" and recovery from the deepest business slump since the 1930s-era Great Depression. He called the report "welcome news." Quote The market is oversold right now and will correct.... it's trending down again today and if you look at the charts or the technicals this does not look like it will hold at all. Investors like myself and my investor clients are scared to death because they see all of the indicators. Since we'e all about watching the market on a daily basis rather than over the longrun, Look at the market right now: DJIA +155.98 and climbing; must be over all that fear as the GDP data is released. Quote As for the GDP.... that is a inflated number due to the stimulus that did nothing for long term growth just a quick bounce and a lot of it has to do with US companies managing their shit and cutting when they needed to do so ... Thx for bringing that up, the numbers were just released today.....+3.5%. I estimated / projected 3% from what I read, sorry for being so far off, but pleasing to me, not so for you, I was modest. Quote So before you lay out claims please know what the hell you are talking about first. I didn't claime we were out of the woods, just that the early numbers are looking great. As for knowing what who is talking about, all I have claimed have come to fruition, now my next claim that I hope jobs will fix and be Quote Oh and "projected" means squat Yea, true, I was 1/2% off to the modest, so you really nailed itBTW, you must have hated life under Clinton as those times were the best for the US longest sustained growth and the worst for deficit/debt lovers, AKA Republicans. Blah, blah, blah broken record repeating more of the same not knowing what you are talking about. It is very clear when you cite where the market is today. Did you read the artical I posted talking about the GDP? I didn't think so..... one last time..... I do not want Obama to fail, I do NOT hate him, and I am NOT a republican so quite starting and finishing everything with that garbage. It is almost an Obama tactic.... you gotta have someone to fight or blame. Kall said my opinion does not mean any more than yours..... but mine is based on what I do and what I am educated in whereas yours is based on different bits of media and what your lefty friends are feeding you for the day. Again.... it made me laugh yet again.... thank you Life is all about ass....either you're kicking it, kissing it, working it off, or trying to get a piece of it. Muff Brother #4382 Dudeist Skydiver #000 www.fundraiseadventure.com Quote Share this post Link to post Share on other sites
