RE: U.S. companies increased their hiring in February

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RE: U.S. companies increased their hiring in February - 3/8/2012 4:34:02 PM

Yachtie

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quote:

ORIGINAL: Edwynn

It is? Household debt, by this chart, has become positive for the first time in over three years, but it's still tiny as compared to the bubble years. All the rest of it aside from government spending is far lower that the bubble years,. The latter will gradually come down as the recovery progresses. The author of the article cannot even understand the plain data before him, evidenced by his statement that "The credit bubble is now officially back." His braying makes it 'official' then, does it?

How can you even take this guy seriously?

That's easy. Take household debt. Is unemployment dropping sufficiently to support the contention consumers can add serviceable debt to their burden in an albeit fragile but stable and/or growing economy? Has the consumer deleveraged sufficiently?

What about added student loan debt?

aside from government spending???

The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars.

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RE: U.S. companies increased their hiring in February - 3/8/2012 5:32:26 PM

Fellow

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The US economy is running on huge stimulus (historically low prime interest rate, "quantitative easing", government trillion + borrowed spending). GDP growth, jobs, etc. are all tied to the stimulus spending. The question is: how long can this situation last? Keynesian (Obama administration) pipe dream is the situation solves itself automatically. Can it be true?

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RE: U.S. companies increased their hiring in February - 3/8/2012 7:19:47 PM

SoftBonds

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quote:

ORIGINAL: Fellow

The US economy is running on huge stimulus (historically low prime interest rate, "quantitative easing", government trillion + borrowed spending). GDP growth, jobs, etc. are all tied to the stimulus spending. The question is: how long can this situation last? Keynesian (Obama administration) pipe dream is the situation solves itself automatically. Can it be true?

Well, the real question is what the real system that the economy only provides structure for is capable/motivated to do?
So the question is what amount of productive power is available, and whether there is something we can produce with that productive power that is of use to someone.
I would argue that the problem we currently have is that each additional unit of production power creates goods and services with less and less actual value. The solution to that is simple enough. Use less labor per person and share the jobs with everyone instead of creating a permanent unemployed group, or creating more stuff that just goes in a garage or landfill.
Or we can keep trying to make more shit and sell it, and convince people to buy the shit on credit and throw it away before they have paid off the debt...

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RE: U.S. companies increased their hiring in February - 3/8/2012 7:39:30 PM

SternSkipper

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quote:

So, you're saying that FOX didn't vet their info before they regurgitated it.

Sounds perfectly responsible to me.

Home come when Gallup reports a negative perspective on the current administration, they're right. But say when they run a poll and it's favorable to the administration, they're alleged by the same people to be 'in the tank for Obama

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RE: U.S. companies increased their hiring in February - 3/8/2012 7:41:58 PM

SternSkipper

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quote:

The US economy is running on huge stimulus (historically low prime interest rate, "quantitative easing", government trillion + borrowed spending). GDP growth, jobs, etc. are all tied to the stimulus spending. The question is: how long can this situation last? Keynesian (Obama administration) pipe dream is the situation solves itself automatically. Can it be true?

RE-RUN ALERT

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RE: U.S. companies increased their hiring in February - 3/8/2012 7:49:52 PM

SternSkipper

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quote:

That's easy. Take household debt. Is unemployment dropping sufficiently to support the contention consumers can add serviceable debt to their burden in an albeit fragile but stable and/or growing economy? Has the consumer deleveraged sufficiently?
What about added student loan debt?
aside from government spending???
The federal government recorded its worst monthly deficit in history in February, according to a preliminary report Wednesday from the Congressional Budget Office that said the deficit in fiscal year 2012 is already more than half a trillion dollars.

We accept your apology on behalf of George Walker Bush and Dick Cheney.
It's a big job to back the US out of an economic model of the kind they engineered

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RE: U.S. companies increased their hiring in February - 3/9/2012 4:34:10 AM

Yachtie

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quote:

ORIGINAL: SternSkipper

We accept your apology on behalf of George Walker Bush and Dick Cheney.
It's a big job to back the US out of an economic model of the kind they engineered

So the increasing government debt, etc is still Bush's fault and Obama is mightily trying to undo what Bush did.

Right

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RE: U.S. companies increased their hiring in February - 3/9/2012 5:07:39 AM

Moonhead

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Why not?
Reagan spent two terms blaming the shitawful mess he was making of your economy on Carter, didn't he? Hell, if memory serves Bush prime was still using Carter as a scapegoat in '88...

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RE: U.S. companies increased their hiring in February - 3/9/2012 5:46:54 AM

Yachtie

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fr

NFP Prints At 227K On Expectations Of 210,000, Unemployment Rate At 8.3% Boosted By Temp Jobs

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RE: U.S. companies increased their hiring in February - 3/9/2012 5:54:38 AM

Musicmystery

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quote:

Keynesian pipe dream is the situation solves itself automatically.

A common slam, and completely wrong. Keynes would have proposed contractionary policy during boom times. And had we done that, we'd be sitting pretty right now. Since we didn't, Keynes would propose contractionary policy following recovery.

Hell, even Greenspan warned the Bush tax cuts were irresponsible and reckless. Then we increased spending dramatically as well.

Dumb and dumber.

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RE: U.S. companies increased their hiring in February - 3/9/2012 9:23:29 AM

Fellow

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quote:

Use less labor per person and share the jobs with everyone instead of creating a permanent unemployed group, or creating more stuff that just goes in a garage or landfill.
Or we can keep trying to make more shit and sell it, and convince people to buy the shit on credit and throw it away before they have paid off the debt...

The idea would work, but in different system. I remember France have tried it by reducing weekly work hours per worker. For today's USA it is utopia. More realistic immediate solution would be re-introduction of import tariffs or forcing introduction of American labor standards in China and wherever we import from. Annual trade deficit 2011 was 558 billion and it has never been so high.

quote:

A common slam, and completely wrong. Keynes would have proposed contractionary policy during boom times. And had we done that, we'd be sitting pretty right now. Since we didn't, Keynes would propose contractionary policy following recovery.

I am really not against government spending during economic depression. The question is how to spend? Obama administration pretends there are no major structural problems in the economy despite everybody who pays attention knows they are wrong. So, no programs have been put in place to change the trends. Extrapolating into the future the logical path is very high inflation, even higher unemployment, political instability and so on. Take Obama out of there in November.

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RE: U.S. companies increased their hiring in February - 3/9/2012 9:32:39 AM

masternoname

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I thought we were not buying into the "they did it first" mentality, or is that only when the person doing it disagrees with what you are saying

quote:

ORIGINAL: Moonhead

Why not?
Reagan spent two terms blaming the shitawful mess he was making of your economy on Carter, didn't he? Hell, if memory serves Bush prime was still using Carter as a scapegoat in '88...

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RE: U.S. companies increased their hiring in February - 3/9/2012 9:35:29 AM

mnottertail

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Agree with tarriffs, we need to give our six month notice to the wto and whatever to nafta, now.

However, Obama out in November? To be replaced with someone who is going to give further tax cuts to corporations as the solution?

Nah......

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