Patradomous

http://www.nytimes.com/2012/06/03/us...k-economy.html

What ****** joke the NYT is. Think Obama would be getting the credit from the NYT if the economy was booming?
The reason I posted this piece is to show what laughable schills these morons are.
What the best part is, is reading the comments to the article and its about 10-1 against what they are selling.

Harry Boy

He's a true "socialist liberal" nothing bad is ever their fault, when they do screw up and it is reported they shift the blame to the messenger for reporting it, the socialist liberals on this forum do it every day.


"it's not my fault, it's the other guys"

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Harry Boy (Genius)

In The Absence Of Law And Order Society Will Surely Destroy Itself

DarrylS

So I guess you believe that there are no other factors to be considered in this current conundrum..

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"Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.

wistahpatsfan

They may be shills when they want to be, but what part of the article do you disagree with? Do you think the NYT is the only media outlet that is biased? (The question is rhetorical, of course. No insult intended)

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chicowalker

Along with wistah's question re. what you disagree with, what kind of "laughable schills" would say his pointing fingers at Congress makes him look powerless?

PatriotsReign

The bottom-line here is that now is not the time to approve another economic stimulus. That can only work if you know things are going to turn around soon.

What did the first $900B stimulus do for us other than artificially inflate the stock market for a while? Our deficit is already beyond catastrophic...

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"No one walking this earth knows what is truly righteous"

shmessy

How is the stock market "artificially inflated"?????

The S+P 500 P/E ratio is at historic norms:

S&P 500 PE Ratio

In fact, the only time the stock market was "artificially inflated" regarding P/E's was during the last months of W.

In fact, the table shows the P/E's of the past two years are well below ANY of the eight W years. ANY. Whose stock market was "artificially inflated"???????

http://www.multpl.com/table


Company current earnings are right in line with historic norms with their stock prices. There's nothing "artificial" about that - - - unless you believe the private sector is uniformly cooking their books also.

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PatriotsReign

To your point, it would be nice if people invested in the stock for solid reasons like P & E ratio's, but that's no longer the case. People dump money into the stock market when they believe a bull market is upon us and get out when they think it's a bear market.

Therefore, the public's perception of our economy is now the main-driver of bear/bull market runs. The fact the the $900B stimulus temporarily created the perception that our ecomomy was recovering, drove people back into stocks and artificially inflated it.

Even P & E ratio's aren't that believeable any more. Our banks are allowed to keep bad debt "off the books" thereby over-inflating or mis-stating their true financial condition.

If your statement that P&E ratio's are back to historical norms and stocks are a good value, why has the stock been tanking lately?

Now how much would you like to bet that Bernanke is loading up for another round of quantitative easing? And if that happens, watch the stock market rise again....and that would also be a temporary artificial inflation, wouldn't it?

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"No one walking this earth knows what is truly righteous"

patsfan13

So your against QE 3 to prop up the economy?

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"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."

PatriotsReign

We all are...it's would be a stupid mistake to "Prop-up" the stock market.

Moving forward, I'm in favor of letting all markets settle to their natural level...think about that for a minute and then ask yourself....

"Shouldn't all markets be allowed to find their natural value/price?"

Of course they should!

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"No one walking this earth knows what is truly righteous"