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Old 05-23-2011, 10:39 PM
 
Location: Conejo Valley, CA
12,476 posts, read 17,421,122 times
Reputation: 4316

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Quote:
Originally Posted by Don9 View Post
Not every state has to borrow from the Fed's to pay unemployment insurance.
Right now states are borrowing from the fed for unemployment insurance, this is in no sense unique to California. This is part of the design of the program, there is no way for states to realistically save for unemployment during a deep recession.

Quote:
Originally Posted by Don9 View Post
What propaganda? Surly youíre joking. How about the barrage of news articles from mainstream media thatís always saying the recession is over and the green shoots are starting, the housing market is recovering, and pointing to the stock market as proof that the economy is recovering.

You suggested that I believe propaganda and I have no idea what you are referring to, you seem to call anything that conflicts with what you think propaganda.

In terms of the things you mentioned, well, the recession did end. GDP has been growing for numerous quarters now. There are some green shoots as well. The housing market has started to recover, at least on the national level. These things are all true. The fact that gas prices are currently high, that some taxes may increase, etc does not change matters. Further, I'd like to point out the inconsistency of thinking that the economy is still in a recession, yet we are going to see high inflation. How does that work? Prices increase with weak demand? I could have swore the opposite relationship held....


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Old 05-23-2011, 11:01 PM
hsw
 
2,144 posts, read 6,341,607 times
Reputation: 1517
All jobs aren't created equal
And all workers don't seek to gain/advance own skills to compete for high-income jobs in an ever-changing economy that's driven by tech/globalization/virtualization...perhaps if more losers spent eves/wkends self-teaching on own, rather than watching mindless TV or on fb, etc, they would be able to compete for higher-income jobs instead of complaining abt "unfairness" of life, evil rich folks, blah-blah

Any 19yo kid graduating in top 25% of class in CS at one of top 4 engineering schools (Stanford, Berkeley, IL, CMU) has multiple job offers of $150-200K/yr at various BigTechs and start-ups in PaloAlto area

Perhaps 1000s of <45yo software engineers in PA area each earn >$1MM/yr

But 90+% of workers at BigTech (incl engineers, salesguys and admins) are overpaid morons whose jobs can easily be automated/outsourced/offshored away when any co. wants to protect profit margins in a difficult economy, as no shareholder wants to see a co. squander shareholder money on inefficient workers or mgmt esp if share price isn't moving up

And vast majority of CA (or any other place) workers are in highly inefficient, make-work, parasitic entities like gvt, nonprofits, real estate, healthcare, education, retailing, tourism, etc etc...all industries that are largely dpdt upon taxpayer welfare for survival...no guarantees of a lifetime of employment for the dumb and lazy in era of increased austerity and end of welfare state, even in commie EU/CA/NYC

Often far cheaper for taxpayers to pay off the dumb and lazy parasites of society via welfare rather than via $100K+/yr unionized "jobs" (w/absurd benefits/pensions) for the unskilled and lazy, like mass transit, gvt, nonprofit, education, GM "workers", etc etc
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Old 05-23-2011, 11:07 PM
 
5,113 posts, read 4,943,283 times
Reputation: 1728
Quote:
Originally Posted by user_id View Post
Right now states are borrowing from the fed for unemployment insurance, this is in no sense unique to California. This is part of the design of the program, there is no way for states to realistically save for unemployment during a deep recession.


You suggested that I believe propaganda and I have no idea what you are referring to, you seem to call anything that conflicts with what you think propaganda.

In terms of the things you mentioned, well, the recession did end. GDP has been growing for numerous quarters now. There are some green shoots as well. The housing market has started to recover, at least on the national level. These things are all true. The fact that gas prices are currently high, that some taxes may increase, etc does not change matters. Further, I'd like to point out the inconsistency of thinking that the economy is still in a recession, yet we are going to see high inflation. How does that work? Prices increase with weak demand? I could have swore the opposite relationship held....


[/font][/color]
No point in extending this discussion. You don't seem to understand quantitative easing dynamics, ramifications and the reasons why the US is executing this last ditch monetary policy.
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Old 05-23-2011, 11:56 PM
 
2,311 posts, read 2,883,136 times
Reputation: 1217
Quote:
Originally Posted by user_id View Post
Right now states are borrowing from the fed for unemployment insurance, this is in no sense unique to California. This is part of the design of the program, there is no way for states to realistically save for unemployment during a deep recession.


You suggested that I believe propaganda and I have no idea what you are referring to, you seem to call anything that conflicts with what you think propaganda.

In terms of the things you mentioned, well, the recession did end. GDP has been growing for numerous quarters now. There are some green shoots as well. The housing market has started to recover, at least on the national level. These things are all true. The fact that gas prices are currently high, that some taxes may increase, etc does not change matters. Further, I'd like to point out the inconsistency of thinking that the economy is still in a recession, yet we are going to see high inflation. How does that work? Prices increase with weak demand? I could have swore the opposite relationship held....


[/font][/color]
Stagflation :
In economics, stagflation is a situation in which the inflation rate is high and the economic growth rate is low. It raises a dilemma for economic policy since actions designed to lower inflation may worsen economic growth and vice versa.

Here's an explanation as to why you have inflation even though demand and the economy hasn't picked up : NMA_Koo_May17_2011

Dig deeper down into the things functioning to make it 'appear' as though we are not in a recession and what they are resulting in and you'll understand how we are realistically still in one. It's to numerous to get into the fine details of all of this.. although Don9 has touched upon a couple.

GDP is only up based on the trillions the govt. is borrowing to pump it up .. This is clear by :


If you want to argue about govt. debt funded GDP being o.k to value equally as the private sector I point to Greece which is collapsing and selling off public assets given such accounting.

Dig deeper in the data.. the truth is there. At the least, read this : NMA_Koo_May17_2011 and provide your feedback

Last edited by yeahthatguy; 05-24-2011 at 12:08 AM..
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Old 05-24-2011, 12:27 AM
 
Location: Conejo Valley, CA
12,476 posts, read 17,421,122 times
Reputation: 4316
Quote:
Originally Posted by yeahthatguy View Post
Here's an explanation as to why you have inflation even though demand and the economy hasn't picked up....
Stagflation is a condition in which you have inflation coupled with weak growth, its not a condition in which you have inflation with weak demand.

Prices are set by supply/demand, you won't get inflation with weak demand unless you have an even greater restriction in supply. We have no such restrictions.... People point to these things without actually appreciating the details... The 1970's stagflation was caused by an oil shock and although gas prices have increased recently its nothing like the 1970's.

Last edited by user_id; 05-24-2011 at 12:35 AM..
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Old 05-24-2011, 12:29 AM
 
Location: Conejo Valley, CA
12,476 posts, read 17,421,122 times
Reputation: 4316
Quote:
Originally Posted by Don9 View Post
No point in extending this discussion. You don't seem to understand quantitative easing dynamics, ramifications and the reasons why the US is executing this last ditch monetary policy.
No problem! As I said, anything that doesn't happen to confirm to your beliefs on matters is deemed propaganda, etc.
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Old 05-24-2011, 12:39 AM
 
2,311 posts, read 2,883,136 times
Reputation: 1217
Quote:
Originally Posted by user_id View Post
Stagflation is a condition in which you have inflation coupled with weak growth, its not a condition in which you have inflation with weak demand.

Prices are set by supply/demand, you won't get inflation with weak demand unless you have an even greater restriction in supply. We have no such restrictions....
Weak growth .. economic growth can be caused by number of things.
Price are not set by supply/demand entirely .. that's why you can see oil run up to $140 a barrel like it did in 2010 and crash back to $70 (50% decline in a month) .. you are speaking like someone who took econ 101 and din't progress much further. There is a thing called money supply/excess liquidity and currency debasement as well...
If you read :
NMA_Koo_May17_2011

You wouldn't be speaking as you are. And stop dismissing more complicated analysis as propaganda.

You are leaving the following out of your elementary reflection on supply/demand :

Money supply - Wikipedia, the free encyclopedia
Quantitative easing - Wikipedia, the free encyclopedia
Price discovery - Wikipedia, the free encyclopedia

Even mainstream media reports on it : Quantitative easing 2 is here: Federal Reserve - Nov. 3, 2010

A quick summary in case you don't get it .. The fed prints $2 trillion dollars via quantitative easing 1.0/2.0 (real not propaganda) .. that money does not funnel into the private sector via loans to promote economic growth.. demand stays subdued due to lack of funds amongst consumers from lack of economic growth.. liquidity travels to equity/futures markets and runs up stocks/commodities .. increasing everything from the price of oil.. to the price of corn/wheat/aluminum.. you name it.. these higher prices increase input costs on various products and prices are increased to sustain margins... This further hurts demand as the money supply isn't increasing...

And you have stagflation under a function that was intended to create economic growth and subsequent inflation... The printing of money actually results in things being worse off.

Last edited by yeahthatguy; 05-24-2011 at 12:52 AM..
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Old 05-24-2011, 12:40 AM
 
2,311 posts, read 2,883,136 times
Reputation: 1217
Quote:
Originally Posted by user_id View Post
No problem! As I said, anything that doesn't happen to confirm to your beliefs on matters is deemed propaganda, etc.
You refuse to read/speak on data. I challenge you to read : NMA_Koo_May17_2011
and provide your feedback. Until then you are just yapping nonsense.
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Old 05-24-2011, 05:14 AM
 
3,853 posts, read 11,651,446 times
Reputation: 2509
Quote:
Originally Posted by hsw View Post
All jobs aren't created equal
And all workers don't seek to gain/advance own skills to compete for high-income jobs in an ever-changing economy that's driven by tech/globalization/virtualization...perhaps if more losers spent eves/wkends self-teaching on own, rather than watching mindless TV or on fb, etc, they would be able to compete for higher-income jobs instead of complaining abt "unfairness" of life, evil rich folks, blah-blah

Any 19yo kid graduating in top 25% of class in CS at one of top 4 engineering schools (Stanford, Berkeley, IL, CMU) has multiple job offers of $150-200K/yr at various BigTechs and start-ups in PaloAlto area

Perhaps 1000s of <45yo software engineers in PA area each earn >$1MM/yr

But 90+% of workers at BigTech (incl engineers, salesguys and admins) are overpaid morons whose jobs can easily be automated/outsourced/offshored away when any co. wants to protect profit margins in a difficult economy, as no shareholder wants to see a co. squander shareholder money on inefficient workers or mgmt esp if share price isn't moving up

And vast majority of CA (or any other place) workers are in highly inefficient, make-work, parasitic entities like gvt, nonprofits, real estate, healthcare, education, retailing, tourism, etc etc...all industries that are largely dpdt upon taxpayer welfare for survival...no guarantees of a lifetime of employment for the dumb and lazy in era of increased austerity and end of welfare state, even in commie EU/CA/NYC

Often far cheaper for taxpayers to pay off the dumb and lazy parasites of society via welfare rather than via $100K+/yr unionized "jobs" (w/absurd benefits/pensions) for the unskilled and lazy, like mass transit, gvt, nonprofit, education, GM "workers", etc etc
Agree entirely.
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Old 05-24-2011, 06:31 AM
 
5,113 posts, read 4,943,283 times
Reputation: 1728

YouTube - &#x202a;Bloomberg TV's Matt Miller talks to David Stockman&#x202c;&rlm;
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