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I agree with you......on one hand, I understand the time-value of money that shmessy refers to, but when it comes to the primary residence, I prefer the idea of not having a mortgage at all someday, and now that the 15's are at less than 3, I'm on it......
people don't get that they are going to have to retire someday and paying a mortgage then is not alot of fun....at that point, you may as well be paying rent.
In the absolute worst case scenario, and I mean worst on a global level, I'd still rather have the security of a home that is paid off. I have friends who have leveraged their home equity in the stock market and more power to them....I'm a child of a child of the Depression and those lessons I heard at an early age stayed with me....
__________________ Um, Mr. Brady, can we line up?
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Which brings us to a couple of important reasons for the virtual freeze in hiring.
First there’s the fiscal tax cliff. If all the Bush tax rates go up, incentives will go down and liquidity will leave the system. You can’t pick up a newspaper these days and not find a story about how the fiscal cliff is elevating uncertainty and slowing U.S. growth. House Speaker John Boehner asked Obama for help in extending the Bush tax cuts this summer. But Obama said no. Instead, he wants to raise marginal tax rates on successful upper-income earners, capital gains, dividends, estates, and many successful corporations.
Where’s the corporate tax reform that would lower rates and broaden the base and end the double-taxation of the overseas profits of American companies?
Sadly with the election looming the emphasis is on fundraising and not trying to get the government out of the way of job creation.
Perhaps if the USSC overturns Obamacare that will supply some help.
__________________
"Some guys play in all-star games, some guys don't. I don't know who picks all those all-star teams. In all honesty, I don't know who picks the combine, for that matter," Belichick said. "How does (Miami-Ohio offensive lineman Brandon) Brooks not get invited to the combine? How did Vollmer not get invited to the combine? I don't know. We can't really worry about that. We just have to try to evaluate them the best we can."
I'll stand by my opinion that if we ever get out of this economic funk, 10 years later, this period will be called a depression.
If we don't, this is the new normal.
stay thirsty my friends....
I was thinking about your depression comments just this morning. I know you've been saying this for a while, and if next year is what some fear, I fear you might be right.
__________________
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him." Leo Tolstoy, 1897
I was thinking about your depression comments just this morning. I know you've been saying this for a while, and if next year is what some fear, I fear you might be right.
Fear the fear RW!
Economic "recessions" don't last 5 years or more on a world-wide level. Even scarier is if the "Peak Oil" theory is upon us...then that means we're in a new reality moving forward.
Not a wonderful world in which to raise children or worry about their future. It's like we've had this dark cloud hanging over all our collective heads for too long.
Why do think there's so much anger in the world and hyper-growth of political bipartisanship? Economics and the resulting fear that is festering is your answer.
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 06-02-2012 at 01:05 PM..
Economic "recessions" don't last 5 years or more on a world-wide level. Even scarier is if the "Peak Oil" theory is upon us...then that means we're in a new reality moving forward.
Not a wonderful world in which to raise children or worry about their future. It's like we've had this dark cloud hanging over all our collective heads for too long.
Why do think there's so much anger in the world and hyper-growth of political bipartisanship? Economics and the resulting fear that is festering is your answer.
A recession is 2+ consecutive quarters of negative GDP. We are not in a recession and haven't been for a couple of years. Just because you continuously type it on an internet forum doesn't make it so. You keep saying we are in a "Depression" - - GM, Ford, etc. would not have been announcing double digit sales growth yesterday if we were in a "Depression".
We are currently in a slow growth recovery. It may not be robust enough for me or you, but it is a slow growth recovery at the moment. Your declarations to the contrary are pure personal emlotion. Where this goes in the FUTURE, however, is anyone's guess.
As a parent, I can vouch that it is not such an awful world in which to bring them up. My kids are (thank God) happy, healthy and full of curiosity at the wonder and advances we see day in and day out. I was born in 1965. During 1968, my parents worried incessantly about what they had done to bring a child into such an inferno. During the Watergate/Stagflation 1970's they worried about whether there would ever be a bright hope for my generation. My son was 1 and 1/2 when 9/11 occurred. I worried how nothing would ever be the same for his generation. To paraphrase ou Gorman, 'The sun came up, the sun went down and we had a great lunch'. The greatest joy in my life is my children and the knowledge that every generation in history had parents who fretted about the headlines of the day.
I could not give less of a ***** about "Peak Oil". Nat Gas and other forms of energy will easily be there to pick up the slack within the next 10 years. If "Peak Oil" is true, it will be one of the greatest global strategic issues ever for the United States of America. If Obama or Romney actually have any balls and pull with Congress, they'll have us on a trajectory of nat gas cars and trucks by the millions within 3 years. America will thrive - - Iran will die on the vine.
There is a reason why the number #1 principle of the media is "If it bleeds, it leads". The media knows what pays their bills. Other than moon landings and Miracles on Ice, fear is their biggest moneymaker. When it comes to economics, however, I'll go with Warren Buffett who says "Stop reading the headlines and start reading the balance sheets".
Right now we have a slow growth economy which had a very lousy 69,000 job growth number for May. Europe is bungling around and many investors in Euro bonds are going to lose a portion of their investments. The President and the Congress can get very little done beyond their rancor and we have a fiscal "cliff" event scheduled for January 1, 2013 (In the past 2 weeks, however, Paul Ryan, Christopher Van Hollen and John Boehner have all come out and announced that the cliff won't happen then - - in Nov-Dec. the lame duck Congress will kick the can out 6 months to the new Congress and re-elected or newly elected President who will have less election year pressure to posture.
I have no idea what the future truly holds. You don't either. I DO know where we are right now and where we have been the past few years. It may not be robust growth, but it is not a "Recession" or "Depression". At least economically.
A recession is 2+ consecutive quarters of negative GDP. We are not in a recession and haven't been for a couple of years. Just because you continuously type it on an internet forum doesn't make it so. You keep saying we are in a "Depression" - - GM, Ford, etc. would not have been announcing double digit sales growth yesterday if we were in a "Depression".
We are currently in a slow growth recovery. It may not be robust enough for me or you, but it is a slow growth recovery at the moment. Your declarations to the contrary are pure personal emlotion. Where this goes in the FUTURE, however, is anyone's guess.
As a parent, I can vouch that it is not such an awful world in which to bring them up. My kids are (thank God) happy, healthy and full of curiosity at the wonder and advances we see day in and day out. I was born in 1965. During 1968, my parents worried incessantly about what they had done to bring a child into such an inferno. During the Watergate/Stagflation 1970's they worried about whether there would ever be a bright hope for my generation. My son was 1 and 1/2 when 9/11 occurred. I worried how nothing would ever be the same for his generation. To paraphrase ou Gorman, 'The sun came up, the sun went down and we had a great lunch'. The greatest joy in my life is my children and the knowledge that every generation in history had parents who fretted about the headlines of the day.
I could not give less of a ***** about "Peak Oil". Nat Gas and other forms of energy will easily be there to pick up the slack within the next 10 years. If "Peak Oil" is true, it will be one of the greatest global strategic issues ever for the United States of America. If Obama or Romney actually have any balls and pull with Congress, they'll have us on a trajectory of nat gas cars and trucks by the millions within 3 years. America will thrive - - Iran will die on the vine.
There is a reason why the number #1 principle of the media is "If it bleeds, it leads". The media knows what pays their bills. Other than moon landings and Miracles on Ice, fear is their biggest moneymaker. When it comes to economics, however, I'll go with Warren Buffett who says "Stop reading the headlines and start reading the balance sheets".
Right now we have a slow growth economy which had a very lousy 69,000 job growth number for May. Europe is bungling around and many investors in Euro bonds are going to lose a portion of their investments. The President and the Congress can get very little done beyond their rancor and we have a fiscal "cliff" event scheduled for January 1, 2013 (In the past 2 weeks, however, Paul Ryan, Christopher Van Hollen and John Boehner have all come out and announced that the cliff won't happen then - - in Nov-Dec. the lame duck Congress will kick the can out 6 months to the new Congress and re-elected or newly elected President who will have less election year pressure to posture.
I have no idea what the future truly holds. You don't either. I DO know where we are right now and where we have been the past few years. It may not be robust growth, but it is not a "Recession" or "Depression". At least economically.
Nice post! My twins were 6 months old (I was a stay-at-home dad) and my wife called and said turn on the tv. Never once did I think anything about the world they were going to live in.
My feelings on the fossil fuels is oil companies, special interests, people with agendas, etc, are retarding the switch to alternative fuels. People that say, it won't work are either close-minded or have overdosed on propaganda. The mass population will drive vehicles without fossil fuels, right, lol. The next thing you'll come up with is people will communicate globally by typing on a keyboard, that guy Steve is a crackpot, building a contraption in his garage, Alice, Kapow, to the moon, were going design a bomb in 2 years which smashes atoms, those Wright bro. are idiots, and on and on.
What is the actual price of gas?
A recession is 2+ consecutive quarters of negative GDP. We are not in a recession and haven't been for a couple of years. Just because you continuously type it on an internet forum doesn't make it so. You keep saying we are in a "Depression" - - GM, Ford, etc. would not have been announcing double digit sales growth yesterday if we were in a "Depression".
We are currently in a slow growth recovery. It may not be robust enough for me or you, but it is a slow growth recovery at the moment. Your declarations to the contrary are pure personal emlotion. Where this goes in the FUTURE, however, is anyone's guess.
As a parent, I can vouch that it is not such an awful world in which to bring them up. My kids are (thank God) happy, healthy and full of curiosity at the wonder and advances we see day in and day out. I was born in 1965. During 1968, my parents worried incessantly about what they had done to bring a child into such an inferno. During the Watergate/Stagflation 1970's they worried about whether there would ever be a bright hope for my generation. My son was 1 and 1/2 when 9/11 occurred. I worried how nothing would ever be the same for his generation. To paraphrase ou Gorman, 'The sun came up, the sun went down and we had a great lunch'. The greatest joy in my life is my children and the knowledge that every generation in history had parents who fretted about the headlines of the day.
I could not give less of a ***** about "Peak Oil". Nat Gas and other forms of energy will easily be there to pick up the slack within the next 10 years. If "Peak Oil" is true, it will be one of the greatest global strategic issues ever for the United States of America. If Obama or Romney actually have any balls and pull with Congress, they'll have us on a trajectory of nat gas cars and trucks by the millions within 3 years. America will thrive - - Iran will die on the vine.
There is a reason why the number #1 principle of the media is "If it bleeds, it leads". The media knows what pays their bills. Other than moon landings and Miracles on Ice, fear is their biggest moneymaker. When it comes to economics, however, I'll go with Warren Buffett who says "Stop reading the headlines and start reading the balance sheets".
Right now we have a slow growth economy which had a very lousy 69,000 job growth number for May. Europe is bungling around and many investors in Euro bonds are going to lose a portion of their investments. The President and the Congress can get very little done beyond their rancor and we have a fiscal "cliff" event scheduled for January 1, 2013 (In the past 2 weeks, however, Paul Ryan, Christopher Van Hollen and John Boehner have all come out and announced that the cliff won't happen then - - in Nov-Dec. the lame duck Congress will kick the can out 6 months to the new Congress and re-elected or newly elected President who will have less election year pressure to posture.
I have no idea what the future truly holds. You don't either. I DO know where we are right now and where we have been the past few years. It may not be robust growth, but it is not a "Recession" or "Depression". At least economically.
After economic crisis end, the National Bureau of Economic Research (NBER) always goes back historically and re-adjusts the GDP numbers.
You may not agree with me, but I can guarantee you that the numbers will be looked at again down the road and they'll be re-adjusted.
There are many economists who agree that we're either still in recession or a depression. Google it, you'll be surprised.
May 21, 2012 Krugman and Shiller: We’re In a Depression Top Economists Say It’s a Depression
"The best way to think about this continued slump, I’d argue, is to accept that we’re in a depression …. It’s nonetheless essentially the same kind of situation that John Maynard Keynes described in the 1930s: “a chronic condition of subnormal activity for a considerable period without any marked tendency either towards recovery or towards complete collapse.”
Paul Krugman
Depressions don't have to look like 1929. As a matter of fact, it doesn't have to look anything like that to be called a depression.
You did not post that what you wrote above is just your opinion. You came across as if was absolute and it is not. You have your OPINION and I have mine...I stand by my opinion.
Enjoy your Sundee shmessy....
__________________ "No one walking this earth knows what is truly righteous"
Last edited by PatriotsReign; 06-03-2012 at 10:11 AM..
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Re: Rotten Jobs Numbers For May
Linear Mode
