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Old 04-01-2013, 09:00 AM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,077,121 times
Reputation: 7583

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Quote:
Originally Posted by MTAtech View Post
... and interest rates have not skyrocketed, as predicted by the WSJ editorial pages:



Of course, they were 100% wrong. Rates fell, not rose:

Yup. Of course that's what happens when you make predictions based on political and economic dogma instead on the actual data that's available.

Ken
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Old 04-01-2013, 10:56 AM
 
Location: St. Louis
7,302 posts, read 5,969,074 times
Reputation: 4345
Quote:
Originally Posted by GraniteStater View Post
The problem now is that people haven't come to the realization that steady moderate levels of growth is the long-term reality. Growth built on an unstable foundation through speculative real estate construction, retail is not a solid plan going forward. Unfortunately, the Federal Reserve has LOST ALL SENSE OF REALITY by keeping interest rates at 0% for years and years. This has destroyed the income growth for those that prefer to take less risk and are more fiscally conservative. Long gone are the days where the middle class could make decent percentage returns through a savings account or CDs. You now are nearly forced to investment in the stock market at some basic level to keep up with inflationary pressures to purchase necessary goods and to buy products that keep small businesses going- no small feat these days.
What we have now is just another debt fueled asset bubble on Wall Street, even though the markets continue to be at near their highest levels. What does this mean? Asset bubbles fuel speculative energy related bets, meaning oil prices will likely head higher. The Federal Reserve is keeping the printing press going at full steam.
But we aren't experiecning even "steady moderate levels of growth." We are experiencing anemic growth, bordering on recession.

I agree with the fed by the way.
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Old 04-01-2013, 11:05 AM
 
Location: Long Island, NY
19,776 posts, read 12,463,246 times
Reputation: 5645
Quote:
Originally Posted by MUTGR View Post
But we aren't experiecning even "steady moderate levels of growth." We are experiencing anemic growth, bordering on recession.

I agree with the fed by the way.
One quarter does not a trend make:

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Old 04-01-2013, 11:13 AM
 
23,875 posts, read 14,302,457 times
Reputation: 14629
Quote:
Originally Posted by MTAtech View Post
... and interest rates have not skyrocketed, as predicted by the WSJ editorial pages:



Of course, they were 100% wrong. Rates fell, not rose:


Another graph!

Here is why interest rates are low (and started to decline even before Obama) and it is not "good".

Why Are Real Interest Rates So Low, and Will They Ever Bounce Back? | Uneasy Money
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Old 04-01-2013, 11:48 AM
 
Location: Fort Worth Texas
12,481 posts, read 9,356,224 times
Reputation: 2527
Quote:
Originally Posted by the mask View Post
Unbelievable. and yet Obama still has a very high approval rating with all this economic disaster. I do not understand what's happened to soul of this nation.

Consumer Confidence Cools as U.S. Jobless Claims Rise

Consumer Confidence Cools as U.S. Jobless Claims Rise - Bloomberg

News from The Associated Press
He has the majority of Americans who believe that anything bad in the economy is Bushes fault while taking credit for the good. When you have people convinced that nothing you have done has hurt the economy while at the same time blaming bush for the bad you also could have good ratings.
He is a political genius and Americans remain blind
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Old 04-01-2013, 12:25 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,077,121 times
Reputation: 7583
Quote:
Originally Posted by wjtwet View Post
He has the majority of Americans who believe that anything bad in the economy is Bushes fault while taking credit for the good. When you have people convinced that nothing you have done has hurt the economy while at the same time blaming bush for the bad you also could have good ratings.
He is a political genius and Americans remain blind
There a REASON the American People understand that Obama is not to blame for the "bad" that happened to the economy - the "bad" STARTED before Obama was even elected.


And virtually EVERYTHING has bounced back since - not to the pre-recession levels YET but CERTAINLY better than it was when Obama took office (and generally continuing to improve).

Ken

Last edited by LordBalfor; 04-01-2013 at 12:43 PM..
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Old 04-01-2013, 12:42 PM
 
Location: SE Arizona - FINALLY! :D
20,460 posts, read 24,077,121 times
Reputation: 7583
Quote:
Originally Posted by hawkeye2009 View Post
Another graph!

Here is why interest rates are low (and started to decline even before Obama) and it is not "good".

Why Are Real Interest Rates So Low, and Will They Ever Bounce Back? | Uneasy Money
Business confidence is more or less at the level it's averaged at since 2000.
Don't have a chart for it, but's pretty clear business spending is pretty low.
Consumer confidence is is still shaken by the recession but slowing creeping back up.
Consumer spending is actually at a record high.

http://www.tradingeconomics.com/unit...tes/indicators

Ken
Attached Thumbnails
US Economy Growth Anemic 0.4 Percent, Obama Economic Policies Really Kicking Butt-united-states-business-confidence.png   US Economy Growth Anemic 0.4 Percent, Obama Economic Policies Really Kicking Butt-united-states-consumer-confidence.png   US Economy Growth Anemic 0.4 Percent, Obama Economic Policies Really Kicking Butt-united-states-consumer-spending.png  
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Old 04-01-2013, 01:16 PM
 
29,409 posts, read 19,965,074 times
Reputation: 5445
Quote:
Originally Posted by LordBalfor View Post
Considering that that comment is coming from one of the crowd that's been wrong on virtually EVERY prediction (ie there has been NO dollar collapse, NO hyperinflation, the stock market HAS come roaring back, the UE rate HAS dropped and Obama WAS reelected) I'd have to disagree with your assessment of WHO are the "idiots".


Get back to us when you are actually RIGHT on something.

Ken
I've never predicted any of those things. All I've done is shown how wrong you are and when you can't admit it you put up BS like the post above. Try again.
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Old 04-01-2013, 01:19 PM
 
29,409 posts, read 19,965,074 times
Reputation: 5445
Quote:
Originally Posted by LordBalfor View Post
There a REASON the American People understand that Obama is not to blame for the "bad" that happened to the economy - the "bad" STARTED before Obama was even elected.


And virtually EVERYTHING has bounced back since - not to the pre-recession levels YET but CERTAINLY better than it was when Obama took office (and generally continuing to improve).

Ken
If everything has bounced back like you say why is the fed still pumping billions upon billions into the financial sector every month? Why are companies sitting on piles of cash instead of investing it? The mighty Obama has fixed everything so it should be smooth going. Oh wait Obamacare looms. Wonder how you loons will blame that on Bush.
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Old 04-01-2013, 01:21 PM
 
Location: Palo Alto
12,152 posts, read 7,576,193 times
Reputation: 4178
Quote:
Originally Posted by LordBalfor View Post
Considering that that comment is coming from one of the crowd that's been wrong on virtually EVERY prediction (ie there has been NO dollar collapse, NO hyperinflation, the stock market HAS come roaring back, the UE rate HAS dropped and Obama WAS reelected) I'd have to disagree with your assessment of WHO are the "idiots".


Get back to us when you are actually RIGHT on something.

Ken
According to MTAtech inflation has averaged 4% over the last 40 years while wages have fallen. That sounds like pretty steep inflation over 4 decades.
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