We MAy have seen the bottom of the recession: Who gets credit for the possible...?

[midlifebear]

I can't disagree with Big_E (although I always try to ;-). I suppose no one ever came right out and admitted that we've been in another depression because they haven't checked with the folks running food banks, soup kitchens, and taking in friends and relatives who have lost their homes over the last three years. And there currently is a pretty decent dust bowl developing along Interstate 8 between Sacramento and St. L. Obispo. Seems only the locals have noticed.

Regardless, Nicky o' da Sixes, I'd get used to sucking down that discount Walmart vokda that comes in the 2 litre plastic bottles. And He/She and the Holy It, well, keep clipping them daily newspaper and weekly third-class mail coupons for macaroni and cheese. We're hardly out of the woods. Gotta get that imaginary unemployment figure down to about 6% first. And I'm including those who no longer show up as unemployed because they've been unemployed for years.

Good luck with that.

 

[D_Davy_Downspout]

Dow jones closed at 11,005 today.............jus sayin'

True, but that's not really a good measure of the economy.

 

[B_RedDude]

How long will it take us to undo George W. Bush?

how will we ever undo Obama?

 

[deleted15807]

Why So Glum? Numbers Point to a Recovery

The American economy appears to be in a cyclical recovery that is gaining strength. Firms have begun to hire and consumer spending seems to be accelerating.

~~

The employment report for March, released a week ago, was a milestone that has been little noted. The household survey, from which the unemployment rate is calculated, showed a gain during the first quarter of this year of 1.1 million jobs, the best performance since the spring of 2005.

True, the more widely reported numbers from the survey of employers are not as good. But those numbers are subject to heavy revision as better data becomes available. At the turning points for employment after the last two downturns, those numbers turned out to be far better than was reported at the time.

Employment is a lagging indicator. Employers can be slow to cut back when business turns down, and slow to rehire when it picks up. It stands to reason that when employers cut back sharply — as happened in this cycle — they will have to rehire faster than if they had been slow to fire, as was true in the two previous downturns.

​

 

[Trinity]

As Dow tops 11,000, economic experts urge caution and forecast challenges ​

Read more: As Dow tops 11,000, economic experts urge caution and forecast challenges - Whittier Daily News As Dow tops 11,000, economic experts urge caution and forecast challenges - Whittier Daily News​

 

[Skull Mason]

the bulls have been running full steam

 

[Trinity]

the bulls have been running full steam

Bulls running on Wall Street after billions in bailouts to banks and the Fed flooding the market with borrowed money from China really only means Wall Street is bullish...oh and the rich are getter richer and the poor are getting poorer.

 

[Skull Mason]

Bulls running on Wall Street after billions in bailouts to banks and the Fed flooding the market with borrowed money from China really only means Wall Street is bullish...oh and the rich are getter richer and the poor are getting poorer.

the bulls are still running mi amor you must have missed out!

 

[Trinity]

the bulls are still running mi amor you must have missed out!

Stop making me laugh skull. :tongue:

it's nice for the portfolio and the 401k for the moment if the bulls aren't running outside of Wall Street.

 

[Skull Mason]

it's nice for the portfolio and the 401k for the moment if the bulls aren't running outside of Wall Street.

Word I'm all about making money and now (or the past year) is the chance! Time to put politics aside and cash in!

 

[B_talltpaguy]

^I took the advice of some online friends and made a killing on a small basket of bank stocks over the past 14-15months. I made enough to pay most of the tax bill I owed this year. (I had no tax withheld in 2009, so I had to pay a fair bit)

I can't disagree with Big_E (although I always try to ;-). I suppose no one ever came right out and admitted that we've been in another depression because they haven't checked with the folks running food banks, soup kitchens, and taking in friends and relatives who have lost their homes over the last three years.

What we just went through wasn't even close to a 'depression'... The only people calling it a 'depression', are uninformed laypeople, who don't know what they are talking about.

And there currently is a pretty decent dust bowl developing along Interstate 8 between Sacramento and St. L. Obispo. Seems only the locals have noticed.

Umm, that's because it IS a local issue. The 'Dustbowl' spanned the nation's farmlands across several states in the southern plains for multiple consecutive growing seasons. The issue you've raised isn't even remotely on a comparable scale.

 

[D_Davy_Downspout]

'Premature' to say recession has ended, economists' committee says - latimes.com

It's too early to say the recession is over, according to the group of economists who make the official call on U.S. expansions and contractions.

 

[faceking]

>>all economists say stimulus spending is needed

No they don't.

 

[B_talltpaguy]

^Problem is, the ones who said no to stimulus are the same ones who said yest to the bubble economy that got us here.

 

[deleted15807]

I wonder if Newsweek's cover article this deserves it's own thread:

The Comeback Country

How America pulled itself back from the brink—and why it's destined to stay on top


It's certainly to enrage the many who think only a Republican president is good for business. Let me think about it :smile:

 

[D_Davy_Downspout]

I wonder if Newsweek's cover article this deserves it's own thread:

The Comeback Country

How America pulled itself back from the brink—and why it's destined to stay on top


It's certainly to enrage the many who think only a Republican president is good for business. Let me think about it :smile:

LOL, that article is so full of shit I don't know where to begin. That's the rosiest spin I've seen someone put on the numbers yet.

Also, on the author of the article:

He is the author of...."Pop! Why Bubbles Are Great for the Economy," (HarperCollins, May 2007).

LOL, not surprising.

 

[deleted15807]

LOL, that article is so full of shit I don't know where to begin.

Weeewwww I thought I had to take you seriously until I remembered your thread 'The Health Care Bill Is Full of Shit'. NEXT!!!

 

[D_Davy_Downspout]

Weeewwww I thought I had to take you seriously until I remembered your thread 'The Health Care Bill Is Full of Shit'. NEXT!!!

Dude, don't pull other threads into this one. If you have anything intelligent to say, say it in that one.

Having said that, your response in that thread was some article about how angry conservatives are about it, while I'm a socialist arguing against it from the left. So either you have shit reading comprehension, or you're the one that shouldn't be taken seriously.

 

[deleted15807]

Dude, don't pull other threads into this one.

It's key to understanding the person behind the thread. A call to intelligent discourse from the man who gave us 'The Health Care Bill Is Shit' is just an oxymoron. That kind of manufactured outrage pioneered and perfected on FoxFauxFixed News I've seen enough of.....NEXT.

 

[deleted15807]

This just in:

Retail Sales Surge

U.S. retail sales surged in March, topping expectations and giving a strong sign consumers are growing more confident the economy is improving.
​