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Old 09-10-2013, 04:37 PM
 
11,768 posts, read 10,239,242 times
Reputation: 3444

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Quote:
Originally Posted by pghquest View Post
This should be good.

tell me how we're spending more, if there are less people working, and those that do have jobs, are working less hours..

the bs about old people and students is just that, bs, because thats been taking place since the beginning of time.. FAIL..
No it hasn't, the LFPR peaked in the 90's and was predicted to decline. The teen LFPR rate has been declining since the 70's.

The 25-54 age group has the highest attachment to labor (80%+), but that group grew .4% vs the 2.6% for the 55+ group which has a much lower participation rate (~40%). It's true that people are working longer, but the LFPR is still significantly lower for the 55+ crowd and always has been.

http://www.bls.gov/opub/mlr/2012/01/art3full.pdf
http://www.bls.gov/opub/mlr/2006/10/art3full.pdf
http://www.bls.gov/opub/ils/pdf/opbils49.pdf
https://host148.agsdc.net/UCFiles_FA...rce_5-2013.pdf
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Old 09-10-2013, 04:55 PM
 
Location: Pine Grove,AL
29,467 posts, read 16,449,350 times
Reputation: 5974
Quote:
Originally Posted by lycos679 View Post
No it hasn't, the LFPR peaked in the 90's and was predicted to decline. The teen LFPR rate has been declining since the 70's.

The 25-54 age group has the highest attachment to labor (80%+), but that group grew .4% vs the 2.6% for the 55+ group which has a much lower participation rate (~40%). It's true that people are working longer, but the LFPR is still significantly lower for the 55+ crowd and always has been.

http://www.bls.gov/opub/mlr/2012/01/art3full.pdf
http://www.bls.gov/opub/mlr/2006/10/art3full.pdf
http://www.bls.gov/opub/ils/pdf/opbils49.pdf
https://host148.agsdc.net/UCFiles_FA...rce_5-2013.pdf
It doesnt matter how many times you post that, he will still deny it.
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Old 09-10-2013, 05:44 PM
 
Location: Alameda, CA
7,605 posts, read 4,835,644 times
Reputation: 1438
Quote:
Originally Posted by Goinback2011 View Post
Oh please. The underlying problem was the housing bubble, caused by the repeal of Glass-Steagall in 1999. It took the Democrats and bankers less than a decade to cause another Great Depression.
The investment banks were demanding mortgage generation to feed their derivative creation so they could create products to sell to investors. The investment banks were buying up lenders to guarantee their supply of sub-prime loans. The investment products they were creating were mostly unregulated and opaque to the investors. The net result was to suck in a lot of capital into the very risky derivative marketplace.

Yes, the repeal of Glass-Steagall complicated or magnified the problem, but it was the derivatives that tripped up the investment banks.
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Old 09-10-2013, 05:51 PM
 
Location: Florida
33,510 posts, read 18,080,397 times
Reputation: 15498
Quote:
Originally Posted by WilliamSmyth View Post
The investment banks were demanding mortgage generation to feed their derivative creation so they could create products to sell to investors. The investment banks were buying up lenders to guarantee their supply of sub-prime loans. The investment products they were creating were mostly unregulated and opaque to the investors. The net result was to suck in a lot of capital into the very risky derivative marketplace.

Yes, the repeal of Glass-Steagall complicated or magnified the problem, but it was the derivatives that tripped up the investment banks.
it would not have taken place if illegals, foreigners, unemployed, poor and anyone who breathed to sign the dotted line of a mortgage commitment. They bought too much of a home they could not afford. They walked away from their mortgage commitment. The housing market fell because the values were not there because of the foreclosures that were in the tens of thousands..

There are those who bought a home and still are paying the payments... many walked away because the value of their home dropped and they were underwater with their mortgage. They did not honor their mortgage commitment. Many did and many still do. They have refinanced when the mortgage rate was 3 or 4%.
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Old 09-10-2013, 05:57 PM
 
41,111 posts, read 25,666,932 times
Reputation: 13868
Quote:
Originally Posted by Bludy-L View Post
Bush warned Congress 12 times. Bush wanted regulation. Greenspan stated unequivocally F&F were a ticking time bomb.

To ignore those facts isn't productive.

Posted with TapaTalk
Yep Bush warned 12 times about the ticking time bomb but democrats live in fairy land and encourage people who don't have an ounce of financial understanding to sign the dotted line and knowing full well these people would lose the house. Democrats to this day refuse to take a look in the mirror. That's why "it's his fault and pointing fingers works so well" They blame as if it's going to change anything for them. Nope, they would do it again, lose it all and wail like big babies again. DEMOCRATS.... dumb as rocks
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Old 09-10-2013, 05:58 PM
 
41,111 posts, read 25,666,932 times
Reputation: 13868
Quote:
Originally Posted by DC at the Ridge View Post
I wouldn't say that anyone wants failure. But I do think that many do not want the current President to succeed. And so there are businesses that aren't hiring, aren't giving out raises, and are hoarding capital, waiting for the next President to take office before they start being part of the recovery. In part, that's due to doubts over Obamacare, and doubts over this President's policies, but in part it's also due to partisanship and simple dislike of this President.
What is wrong with you. Businesses do not make decisions based on wanting a president to fail! Are you really that stupid to believe that?

On the other hand who in the hell would take risks, take on more responsibility, hire more people when they don't know what is going to happen. Who the hell wants to work any harder when Obama will take it away through taxation. Forget that. Get this greedy president out of office, lower taxes on employees and jobs will open up.
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Old 09-10-2013, 06:03 PM
 
41,111 posts, read 25,666,932 times
Reputation: 13868
Hint: If the cost of doing business increases companies will cut cost and if that meant your job so be it. If that means they won't hire so be it. You voted for it, you got it. Next time don't be an idiot and think about consequences.
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Old 09-10-2013, 06:05 PM
 
41,111 posts, read 25,666,932 times
Reputation: 13868
Quote:
Originally Posted by dsjj251 View Post
except the economy is growing and recovery is not a feeling it is a word with a set definition.

what is wrong with you people ?
"you people" Waaaaaa, waaaaa that's racist!
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Old 09-10-2013, 06:28 PM
 
Location: Alameda, CA
7,605 posts, read 4,835,644 times
Reputation: 1438
Quote:
Originally Posted by Taratova View Post
it would not have taken place if illegals, foreigners, unemployed, poor and anyone who breathed to sign the dotted line of a mortgage commitment. They bought too much of a home they could not afford. They walked away from their mortgage commitment. The housing market fell because the values were not there because of the foreclosures that were in the tens of thousands..

There are those who bought a home and still are paying the payments... many walked away because the value of their home dropped and they were underwater with their mortgage. They did not honor their mortgage commitment. Many did and many still do. They have refinanced when the mortgage rate was 3 or 4%.
Who provided the money for the mortgages and where did they raise the money? At the height of the bubble the largest market share had shifted to the private (non-governmental) investment banks, even more so in the sub-prime category. The investment banks were under no government mandate to make the mortgages or engage in the market. They were doing it because they thought they could make a lot of money at very low risk. They were wrong and it almost took down not only the United States' economy, but many economies around the world.

It was not only the poor that were taking out large mortgage loans. The jumbo sub-prime mortgages on million dollar homes were also going to a lot of middle-class and wealthy Americans.
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Old 09-11-2013, 11:29 AM
 
42,732 posts, read 29,812,481 times
Reputation: 14345
Quote:
Originally Posted by Bludy-L View Post
You and I know that, but I was being facetious about the poster I quoted.

I agree with you.

Posted with TapaTalk
Then you come off as an idiot, since that poster you quoted actually said that recovery wasn't a feeling.
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