jdmcwestevo
Well-Known Member
i invest in guns and ammo when the collapse comes i will be ready looters beware
And this is exactly what Progressives do. They foist their economic BS on society and when everything fails, they just shrug their shoulders and say: "Oh well, that didn't work." Then they leave the smoldering ashes behind and look for greener pastures to destroy. Isn't this what parasites do ... move from one empty blood sucked host only to find another?It matters very little to me, just like last time, I got my money out of stocks in the nick of time. If it crashes all the way back down to 7,000 I'll hop back in and ride it back up again. I just find it humorous that the liberal partisan hacks on this forum will bury their heads in the sand, all the while attacking and insulting anyone who doesn't hide from reality with them.
Our little state of NC is F L O O D E D with Democrats from the North East, ask any of them why...too expensive...too much taxes. The scariest thing about it is they still vote in the same manner that led to all that stupidity in the first place.
and your suggestion is to put more money in ? just wonderingThe sky is falling!
The stock market has predicted nine of the last five recessions, after all.
Jobs report was better than expected, but expect a downward revision... I bet the final numbers end up 70-80k jobs and 9.2% unemployment rather than ~120k jobs and 9.1%. Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
Hmmm..... (10char)The sky is falling!
The stock market has predicted nine of the last five recessions, after all.
Jobs report was better than expected, but expect a downward revision... I bet the final numbers end up 70-80k jobs and 9.2% unemployment rather than ~120k jobs and 9.1%. Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
http://www.usatoday.com/money/economy/2011-08-05-cnbc-jobs-report_n.htmAs is usually the case, there is far more than meets the eye to the Labor Department's report that the economy added 117,000 jobs last month and the unemployment rate fell to 9.1%. Let's start with the reality that fewer people actually were working in July than in June.
According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.
But the job creation number was positive and the unemployment rate went down, right? So how does that work?
It's a product of something the government calls "discouraged workers," or those who were unemployed but not out looking for work during the reporting period.
This is where the numbers showed a really big spikeup from 982,000 to 1.119 million, a difference of 137,000 or a 14 percent increase. These folks are generally not included in the government's various job measures.
So the drop in the unemployment rate is fairly illusorystick all those people back in the workforce and you wipe out the job creation and the drop in unemployment.
For once, some of the government's other tools of economic voodoo didn't help the count.
The vaunted birth-death model, a byzantine approximation of business creation and failure, actually subtracted 18,000 from the total job creation after a five-month run where it added a total of 741,000 positions to the count.
And the so-called "real" unemployment rate, which adds in discouraged workers and others not counted as part of the headline unemployment rate, actually pulled back one notch to 16.1 percent.
But there's plenty of bad news to go around otherwise.
The average duration of unemployment rose for the third straight month and is now at a record 40.4 weeksabout 10 months and now double where it was when President Obama took office in January 2009. The total number unemployed for more than half a year now stands at 6.18 million, 130 percent higher than when the president's term began.
Among the nuggets of good newsthe jobless rate for blacks slipped to 15.9 percent and for Latinos to 11.3 percent, both at four-month lows.
But how good or bad the unemployment picture really may not come into view until next month, because of distortions from seasonal adjustments.
Including teachers and others who experience seasonal unemployment, total joblessness actually rose 1.23 million.
I didn't say the jobs report was good, I said it was better than expected (and I actually expect a downward revision like always)... I watch the employment to population ratio mostly, which is down. I'll quote myself:
Either way, the employment to population ratio is moving downwards and we're on the verge of Deflation.
Negative interest rates? Would you please explain what you mean by that? Are you saying that with new home mortgages and car loans, the banks will be paying US to take out the loans?I didn't say the jobs report was good, I said it was better than expected (and I actually expect a downward revision like always)... I watch the employment to population ratio mostly, which is down. I'll quote myself:
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And yes, fiscal stimulus (or negative interest rates, defulat by inflation) are the only ways out - we're in a liquidity trap.
If interest rates are already at the zero-lower bound and you pursue further inflationary policies, say the Fed were to announce a 4% core inflation target for two years, it forces the inflation-adjusted interest rates below zero and this is supposed to pull an economy out of the dreaded liquidity trap... But of course there are risks associated with this option that makes fiscal stimulus much more appealing IMO.Negative interest rates? Would you please explain what you mean by that? Are you saying that with new home mortgages and car loans, the banks will be paying US to take out the loans?
Because we are tired of being taxed on every little thing with no representation. I wont buy another house unless it is cash and has land and no neighbors. (very unlikely in other words) It seems the banks like to throw anyone in a loan including next door and not care if it goes foreclosure or not.^^^ OK fine. But ... the mortgage rates are almost at all time lows. Programs for first time buyers are excellent. Banks ARE making real estate loans to qualified buyers. There is a real flood of inventory at bargain prices in the resale housing market. Why are those buyers not waiting in line to buy houses?
Exactly; Negative interest rates would solve this problem.They don't want to give anyone credit right now, they are safer earning interest on the reserves they keep with the Fed,
Fine, but the question was: ^^^ OK fine. But ... the mortgage rates are almost at all time lows. Programs for first time buyers are excellent. Banks ARE making real estate loans to qualified buyers. There is a real flood of inventory at bargain prices in the resale housing market. Why are those buyers not waiting in line to buy houses?Exactly; Negative interest rates would solve this problem.