Discussion in 'Political Discussion' started by Ilikehappyppl, Mar 6, 2013.
Dow climbs further into record territory - Mar. 6, 2013
Job market looking better!
The question though is whether this is Obama's economy or is it Bush's economy?
Dow is up but it seems the jobs are elsewhere.
Does that mean Obama is responsible for the Dow being up and Bush is still responsible for the unemployment?
It's a helluva town!
The Dow is up, unemployment ain't down
At least not enough, but the debt makes me frown
D.C., D.C., it's a helluva town!
It means that the Owners are pulling away with the nation's wealth and the Workers who got it for them are left out in the rain.
That's all it has ever been about.
Can you say........BUBBLE! :bathbaby:
Things were pretty good during the Reagan years, now I have to run and hide.
I love how the moment we get back to the highest pre-Great-Recession level, it must be a bubble.
Here's an alternate scenario: all economic growth has not ceased forever and ever. (combined with "productivity gains," or, "same work, fewer hours for less pay." Good for profits, not so good for employment stats, happens on the way out of every recession as companies that have gotten leaner begin to have a reason to rehire in an incredibly loose labor market.)
Result - higher corporate profits, more muted hiring gains, everyday people struggle, the wealthy benefit the most. That part's par for the course for the last 30 years. Not good, but better than more everyday people in fear/misery and the rest of it collapsing too.
I assume you have a bank account. What are you earning for interest? Maybe .01%? When was the last time you earned .01% on your savings....in your life?
Where do you think anyone who has any money is being forced to put their money?
What do you think is going to happen once the Fed stops artificially depressing interest rates and interest rates start to rise?
Like I said the other day ... I have yet to read in this forum of any concern over all the income lost by senior citizens due to depressed interest rates. Many of them used this money for extras .... fun money ... simply not there anymore. The left is concerned with the current talking points and that is not one they care to discuss.
Progressives hate "saving"....it is anathema to their Keynesian economic doctrine.
The reality is that all these "fixes" come with a price tag whether it be hurting savers, future inflation, currency devaluation, or future debt payments.
All I want to say is that REAL MEN do NOT show their fuggin "Mood level" beside their screename.
WT heck is this place coming to man?
No, "real men" have avatars of Mel Gibson. Not.
Oh HELL no!
Good jobs news: Initial claims fall - Mar. 7, 2013
Dow continues record run - Mar. 7, 2013
You know what REAL MEN do? Admit when they're wrong....Your gonna have to nut up here in awhile if things keep going good PR, I will accept a PM or you can really man up and say here on forums that you were wrong about things...
Were on the upswing! Its a good time to invest,buy stock, buy land. Get in while its cheap, sell when its high and wait out the next bubble.
Yeah, there's NOWHERE to put money except stocks.
Money markets make 0%. Bonds are going to be a problem when interest rates go up. CDs make a tiny bit more than 0% and are locked in for a year or more.
This is a great stock market for those who get out in time. But who knows what will happen if interest rates ever move from 0%.
That's nice but jobless claims over the last few years are to unreliable IMO due to the number of people leaving the work force. I like the jobs report better right now ... when that gathers steam then we'll know we're on our way. Even all these Dow reports don't do the jobs market much justice.
Great article below:
Dow Jones high should not be mistaken for growth in the US economy | Heidi Moore | Comment is free | guardian.co.uk
Much more significant is the pathetic (and falling) Labor Force Participation Rate. How many adults are actually working ?
Jobenomics Unemployment Report: February 2013 Labor Force Participation Rate
Unfortunately it's not a good trend after 12+ years of almost continuous dropping.
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