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US unemployment applications drop to a 4-year low - 2/16/2012 10:41:28 AM   
Owner59


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http://news.yahoo.com/us-unemployment-applications-drop-4-low-133936693.html


The number of people seeking unemployment benefits in the U.S. fell to the lowest point in almost four years last week, the latest signal that the job market is steadily improving.

Weekly applications for unemployment benefits dropped 13,000 to a seasonally adjusted 348,000, the Labor Department said Thursday. It was the fourth drop in five weeks and the fewest number of claims since March 2008 — six months before Lehman Brothers collapsed and only a few months into the Great Recession.


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RE: US unemployment applications drop to a 4-year low - 2/16/2012 10:46:32 AM   
Hillwilliam


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Status: offline 		I'm sure one of the usual suspects will be along in a few minutes to make a sows ear out of this silk purse.

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 10:55:32 AM   
slvemike4u


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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:01:10 AM   
provfivetine


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Status: offline 		This growth comes with a price: inflation. It is already picking up.


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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:14:08 AM   
subrob1967


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quote:

ORIGINAL: Hillwilliam

I'm sure one of the usual suspects will be along in a few minutes to make a sows ear out of this silk purse.


Bill, you're about the only progressive on here worthy of any respect... That being said, can you honestly say you believe the numbers coming out of the White House?

This administration is diddling with the numbers in so many ways, it's astounding... Yet, guys like Owner & Mikey are eating this shit up, and begging for more.

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:19:11 AM   
mnottertail


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quote:

ORIGINAL: provfivetine

This growth comes with a price: inflation. It is already picking up.




that report has nothing to do with and does not discuss inflation.

So, the good news is that nickles will go back down to below 5 cents again, due to inflation.

We have had inflation for awhile....it can happen even in a depressed economy.

Nevertheless, there are plans and actions in place to curb it....whether or not they will be successful remains to be seen.

We can't shit on our cake and eat it too.

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:35:25 AM   
Kirata


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quote:

ORIGINAL: Hillwilliam

I'm sure one of the usual suspects will be along in a few minutes to make a sows ear out of this silk purse.

Not quite a silk purse, methinks. I'd say it is a sow's ear. But that's a better part of the sow than we were looking at before.

K.

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:42:15 AM   
provfivetine


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quote:

ORIGINAL: mnottertail

that report has nothing to do with and does not discuss inflation.



What are you reading?

quote:

"Economy continues to show signs of improvement and the company revenue is improving slightly, but is very susceptible to pricing and cost pressures." (Professional, Scientific & Technical Services)

"Business is still stable; however, inflation in food prices is still a problem." (Wholesale Trade)



quote:

COMMODITIES REPORTED UP / DOWN IN PRICE, and IN SHORT SUPPLY

Commodities Up in Price

Airfares; Beef; Chemical Products; Chicken; Crab; Coffee (2); #1 Diesel Fuel (2); #2 Diesel Fuel (3); Fuel; Gasoline; Medical Supplies (2); Paper; Petroleum Based Products; Resin Based Products; Vehicles; and Wire.

Commodities Down in Price

Corrugated Cartons is the only commodity reported down in price.



quote:


So, the good news is that nickles will go back down to below 5 cents again, due to inflation.


How? Explain this to me.

You are the most irrational arguer on these boards.

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:43:40 AM   
Kirata


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quote:

ORIGINAL: provfivetine

You are the most irrational arguer on these boards.

Those are koans, grasshopper.

K.

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:45:56 AM   
Yachtie


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quote:

ORIGINAL: Owner59

Gobama!!



Finally!!! It's no longer Bush's fault.




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RE: US unemployment applications drop to a 4-year low - 2/16/2012 11:50:13 AM   
mnottertail


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Status: offline 		Uh, the commodities are pressured due to speculation, not due to inflation by activity.

Inflation, will cause money to be devalued, as any economics  001 (that aint even a 101) will assert.........making your nickle worth less than it is now, compared to its physical value..........can I get a DUHH?

You may consider me irrational, but your basis for judging irrationality is in question.

 

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 12:15:18 PM   
Edwynn


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quote:

ORIGINAL: Kirata

quote:

ORIGINAL: Hillwilliam
I'm sure one of the usual suspects will be along in a few minutes to make a sows ear out of this silk purse.



Not quite a silk purse, methinks. I'd say it is a sow's ear. But that's a better part of the sow than we were looking at before.

K.



Indeed. When recovering from a downturn, especially one like this, it is natural and to an extent desirable that prices rise a bit as coming out of it. Had we been swimming merrily along these last few years, prices would have risen at a rate such as to be accommodated by the growth in GDP and steady or gradually increasing employment. We had neither of the latter two at normal levels so prices got stuck too. An increase in demand for producer inputs is a good thing right now, and the resulting rise in prices thereby, if not distorted by derivatives trading, is a good sign of returning to normalcy. Recent increase in demand for inputs means that all that inventory sitting around these last three years is finally getting sold off, and means that layoffs are fewer and hiring is slowly increasing.

Strictly speaking, inflation is an increase in price level over a period of time. When we speak of "an increase in inflation" we mean an increase in the rate of inflation, not a simple increase in the price level. "Zero inflation" is impossible to achieve for more than an instant, just as a stock price or the DJIA cannot remain static. Since a deflation of, say, 1%, is much more damaging than an inflation of 2% or even 4% (just ask the Japanese), we'll take that sort of increase in price level any day, especially at a time like this. When coming out of a downturn, increase in employment and increase in price level go hand in hand. It means both 'consumers' (I hate that term) and producers are buying again.

So yes, some will take a natural constituent of recovery as a bad thing. No news there.




< Message edited by Edwynn -- 2/16/2012 12:16:54 PM >

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 12:33:01 PM   
Lucylastic


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quote:

ORIGINAL: mnottertail

You may consider me irrational, but your basis for judging irrationality is in question.
 

I may have to borrow that!!!

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 12:37:43 PM   
provfivetine


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quote:

ORIGINAL: mnottertail
Inflation, will cause money to be devalued, as any economics  001 (that aint even a 101) will assert.........making your nickle worth less than it is now, compared to its physical value..........can I get a DUHH?


You aren't answering the question. You're just (implicitly) asserting that a nickel's government-sanctioned nominal value will lose purchasing power as a result of inflationary forces. No one is disputing this.

However, you are not realizing that the nominal value of commodity money is irrelevant. In the end, the Market will always win out over legal tender laws.

Inflation will cause fiat money to lose value, but it will also cause the materials, which make up commodity money, to rise. Hence, commodity money will become more valuable during periods of inflation.

You're just like some of the other posters here who attack every single post I make for no reason. It makes you look foolish.

DUHH!

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 12:49:09 PM   
mnottertail


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Status: offline 		If you think that in an inflationary period that gold and silver isnt going to also skyrocket, making it even less (what would you call it?) bodunk ( for lack of a better word) proposition than it is today to speculate nickles....

all money forms are fiat money, unless you are trading foodstuffs or blowjobs or roofs over your head or glasses of water or spongebob squarepants fuzzies to warm your feet you are trading in the realm of fiat.

I am not attacking every single post you make 'because' or for 'no reason'  in fact you make a lot of posts (291 before you retort to this) that I haven't bothered saying shit about, so lets give up that facade quickly.

So, what then is the way that you propose to make commodity money that is not fiat, or fiat money that is not commodity, since you draw the distinction without a difference discernable to anyone of logic and rational thought?  

Cuz I can tell ya, hoss, nobody in this country will deal in warm camel shit as money, perhaps tulip bulbs?

< Message edited by mnottertail -- 2/16/2012 12:50:54 PM >

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 1:00:32 PM   
provfivetine


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quote:

ORIGINAL: mnottertail
If you think that in an inflationary period that gold and silver isnt going to also skyrocket, making it even less (what would you call it?) bodunk ( for lack of a better word) proposition than it is today....


Where did I say this? Why do you insist on bringing up something that I never claimed?

Focus.

quote:


all money forms are fiat money, unless you are trading foodstuffs or blowjobs or roofs over your head or glasses of water or spongebob squarepants fuzzies to warm your feet you are trading in the realm of fiat.


All money is not fiat money. That's ridiculous. US coins are technically commodity money, even if there are legal tender laws pertaining to them. They are made out of Copper, Nickel, Zinc, etc. That is not fiat money.

quote:


So, what then is the way that you propose to make commodity money that is not fiat, or fiat money that is not commodity, since you draw the distinction without a difference discernable to anyone of logic and rational thought?  


Repeal the legal tender laws.

< Message edited by provfivetine -- 2/16/2012 1:01:39 PM >

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 1:07:39 PM   
mnottertail


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Status: offline 		and have everyone carry around a box of pork bellies to buy a whore for the night?

How does getting rid of paper money solve anything at all?  It isnt going to stop inflation, or debt or any number of monetary issues.   A whore will cost  a boxcar of pork bellies instead of a box.........

Commodity money is devalued as is paper money, that's the thing, adulterating commodity money is no different than devaluing paper money.

The magic words commodity and fiat bring no comfort to the bare dinnner table notwithstanding the inchoate formulation of the untutored policy. 



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RE: US unemployment applications drop to a 4-year low - 2/16/2012 1:14:14 PM   
provfivetine


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quote:

ORIGINAL: mnottertail
How does getting rid of paper money solve anything at all? 


You're unbelievable.

Where did I say I wanted to get rid of paper money?

FOCUS!

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 1:16:38 PM   
mnottertail


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When the sun is in the sky, we call it day.

FOCUS.

The whale is undoubtably one of the largest mammals alive today.

FOCUS.

US UNEMPLOYMENT APPLICATIONS DROP TO A 4 YEAR LOW.
 
FOCUS

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RE: US unemployment applications drop to a 4-year low - 2/16/2012 1:26:39 PM   
provfivetine


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quote:

ORIGINAL: mnottertail

FOCUS~~~~~

When the sun is in the sky, we call it day.

FOCUS.

The whale is undoubtably one of the largest mammals alive today.

FOCUS.

US UNEMPLOYMENT APPLICATIONS DROP TO A 4 YEAR LOW.
 
FOCUS


LOL! I wonder if the people that are reading this are laughing too.

You have an uncanny ability to not answer questions.

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