Stocks up, economy down

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StrangerThan -> Stocks up, economy down (8/27/2010 9:06:24 AM)
http://news.yahoo.com/s/ap/20100827/ap_on_bi_go_ec_fi/us_economy While the subject line seems counter intuitive, at least to me, this makes it more logical. From another article: http://news.yahoo.com/s/ap/20100827/ap_on_bi_ge/us_bernanke "Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare." Someone help me. Does that mean we're essentially going to do another bail out type move? That helps me understand why Wall Street would be happy. Kinda like, fuck we're off the hook again. Let';s go play.

willbeurdaddy -> RE: Stocks up, economy down (8/27/2010 9:31:24 AM)
quote: ORIGINAL: StrangerThan http://news.yahoo.com/s/ap/20100827/ap_on_bi_go_ec_fi/us_economy While the subject line seems counter intuitive, at least to me, this makes it more logical. From another article: http://news.yahoo.com/s/ap/20100827/ap_on_bi_ge/us_bernanke "Federal Reserve Chairman Ben Bernanke said Friday that the Fed will consider making another large-scale purchase of securities if the slowing economy were to deteriorate significantly and signs of deflation were to flare." Someone help me. Does that mean we're essentially going to do another bail out type move? That helps me understand why Wall Street would be happy. Kinda like, fuck we're off the hook again. Let';s go play. no, thats not what it means, at least not directly. Buying Treasuries is the way the Fed increases the money supply, keeping interest rates low, but risking even more future inflation. That arrow has already been fired, it will have little or no impact on the economy. There is only one way out of the recession. Its called November 2.

subrob1967 -> RE: Stocks up, economy down (8/27/2010 10:21:59 AM)
But I thought we were in the summer of recovery, and that the stimulus worked, I read so on Collarme...[8\|] quote: The lower estimate for economic growth and Bernanke's comments follow a week of disappointing economic reports. The housing sector is slumping badly after the expiration of a government homebuyer tax credit. And business spending on big-ticket manufactured items such as machinery and software, an important source of growth earlier this year, is also tapering off. http://news.yahoo.com/s/ap/20100827/ap_on_bi_go_ec_fi/us_economy Just wait until the commercial real estate bubble bursts, Obama will have to hire Baghdad Bob and Vince the Shamwow/Slap chopper guy to spin that one.

mnottertail -> RE: Stocks up, economy down (8/27/2010 10:25:07 AM)
quote: ORIGINAL: willbeurdaddy no, thats not what it means, at least not directly. Buying Treasuries is the way the Fed increases the money supply, keeping interest rates low, but risking even more future inflation. That arrow has already been fired, it will have little or no impact on the economy. There is only one way out of the recession. Its called November 2. And what exactly happens on November 3rd (assuming a huge republican victory) that will get us out? Because I ain't heard shit other than blowholing so far, no plan, no detail.

BoiJen -> RE: Stocks up, economy down (8/27/2010 10:53:20 AM)
And yet they can't find a way to fund unemployment. Something about supply and demand and without funding there is no consumer demand. Jobs, unemployment, etc....more consumer demand creates a greater need for jobs or increase in pay to retain employees...creating more ability for consumer demand......stupid fuckers are going about this all the wrong way. boi

servantforuse -> RE: Stocks up, economy down (8/27/2010 11:02:46 AM)
The congress on November 3rd. will put an end to future stimulus plans that have been a huge waste of money. Nancy Pelosi will be replaced as speaker. All House sub committees will be run by republicans.

BoiJen -> RE: Stocks up, economy down (8/27/2010 11:42:56 AM)
So what you're saying is that the failed "trickle down" shit will start again and we're all fucked? Supply and demand as an economic model states that the demand for a product is created by consumers' ability to buy...not by the producers' ability to supply. Base ability to purchase has to be at it's height with a vast numbers of consumers being able to purchase, not a small number of "wealthy" folks. When the economic pyramid is upside down (the trickle down theory), we're all fucked. boi

popeye1250 -> RE: Stocks up, economy down (8/27/2010 11:44:57 AM)
You can't spend your way out of bankruptcy. This is more smoke and mirrors. How come everyone else gets layed off except federal govt. employees? This govt. is too big and they're spending money that doesn't exist. And how can they force people to buy healthcare policies when they're not working? One analyst is calling for a long term "top" in the stock market on Sept 3 rd, a week from today. Another is saying to stay out of the market for at least the next nine months. Even Jim Cramer doesn't like the stock market right now and says to be extremely careful and he usually "loves" the market so that's a huge indicator! And that's all because companies just aren't hiring right now. And that pushes down demand which pushes down profits which pushes down the stock market. "I'll take a "Double Dip" of Rockey Road."

willbeurdaddy -> RE: Stocks up, economy down (8/27/2010 11:47:04 AM)
quote: ORIGINAL: subrob1967 But I thought we were in the summer of recovery, and that the stimulus worked, I read so on Collarme...[8\|] quote: The lower estimate for economic growth and Bernanke's comments follow a week of disappointing economic reports. The housing sector is slumping badly after the expiration of a government homebuyer tax credit. And business spending on big-ticket manufactured items such as machinery and software, an important source of growth earlier this year, is also tapering off. http://news.yahoo.com/s/ap/20100827/ap_on_bi_go_ec_fi/us_economy Just wait until the commercial real estate bubble bursts, Obama will have to hire Baghdad Bob and Vince the Shamwow/Slap chopper guy to spin that one. Actually the little bit of good news is that in most areas commerical RE has stabilized as well, although the bleeding will continue in the most overbuilt markets.

BoiJen -> RE: Stocks up, economy down (8/27/2010 11:49:20 AM)
quote: ORIGINAL: popeye1250 And that pushes down demand which pushes down profits which pushes down the stock market. "I'll take a "Double Dip" of Rockey Road." Which pushes down the ability of a company to hire which pushes down the demand..... It's a vicious cycle. And it's created and perpetuated by focusing on spending (gov't spending, "redistribution of wealth"-Bush tax cuts were a fuckin "redistribution of wealth" folks!- and private spending) at the top rather than the bottom. "It's the economy stupid!" boi

willbeurdaddy -> RE: Stocks up, economy down (8/27/2010 11:55:13 AM)
quote: ORIGINAL: BoiJen Bush tax cuts were a fuckin "redistribution of wealth" folks!- Yes, redistribution from higher to lower income.

popeye1250 -> RE: Stocks up, economy down (8/27/2010 12:03:44 PM)
quote: ORIGINAL: BoiJen quote: ORIGINAL: popeye1250 And that pushes down demand which pushes down profits which pushes down the stock market. "I'll take a "Double Dip" of Rockey Road." Which pushes down the ability of a company to hire which pushes down the demand..... It's a vicious cycle. And it's created and perpetuated by focusing on spending (gov't spending, "redistribution of wealth"-Bush tax cuts were a fuckin "redistribution of wealth" folks!- and private spending) at the top rather than the bottom. "It's the economy stupid!" boi BoiJen, yup, and "trickle down" didn't work too well for Reagan or Bush 41 either, did it? The govt. is "part" of the economy, when they try to be "the" economy we always have trouble. It's not "businesses" that have "trillions in debt" is it?

BoiJen -> RE: Stocks up, economy down (8/27/2010 12:14:23 PM)
quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: BoiJen Bush tax cuts were a fuckin "redistribution of wealth" folks!- Yes, redistribution from higher to lower income. No it was redistribution of wealth by decreasing the financial responsibility of those who hold the top 90% of economic wealth in this country....which stranded 90% of the population cuz they don't fit into the "wealthy" category. Pay attention! boi

BoiJen -> RE: Stocks up, economy down (8/27/2010 12:15:43 PM)
quote: ORIGINAL: popeye1250 BoiJen, yup, and "trickle down" didn't work too well for Reagan or Bush 41 either, did it? The govt. is "part" of the economy, when they try to be "the" economy we always have trouble. It's not "businesses" that have "trillions in debt" is it? Hot damn! Someone who's paying attention! So who's on your libertarian ticket? boi

willbeurdaddy -> RE: Stocks up, economy down (8/27/2010 12:34:29 PM)
quote: ORIGINAL: BoiJen quote: ORIGINAL: willbeurdaddy quote: ORIGINAL: BoiJen Bush tax cuts were a fuckin "redistribution of wealth" folks!- Yes, redistribution from higher to lower income. No it was redistribution of wealth by decreasing the financial responsibility of those who hold the top 90% of economic wealth in this country....which stranded 90% of the population cuz they don't fit into the "wealthy" category. Pay attention! boi It increased their share of total income taxes paid, but why bother with facts.

Fellow -> RE: Stocks up, economy down (8/27/2010 12:37:38 PM)
This may be related to the stock market: "Corporate profits are near their pre-recession peak, according to a report released today by the Bureau of Economic Analysis. " http://economix.blogs.nytimes.com/2010/08/27/corporate-profits-near-pre-recession-peak/?ref=economy

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