RE: Unemployment continues to drop and other good news...

RE: Unemployment continues to drop and other good news... (Full Version)

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thompsonx -> RE: Unemployment continues to drop and other good news... (3/12/2013 7:08:59 AM)
quote: ORIGINAL: Yachtie ECON analysis - BUT NOT FOR TAZZY. It's via ZH. [8D] Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Any Idea why food stamps are administered by the ag dept. and not the welfare dept?

tazzygirl -> RE: Unemployment continues to drop and other good news... (3/12/2013 8:53:28 AM)
quote: DEFICIT quote: If Clinton paid down the public DEBT.....how in Gods name did it RISE in each year of his Presidency? Public debt increases or decreases as a result of the annual unified budget deficit or surplus The federal government budget deficit or surplus is the difference between government receipts and spending, ignoring intra-governmental transfers. However, some spending that is excluded from the deficit (supplemental appropriations) also adds to the debt. Please do try to understand the terms other people are using.

Real0ne -> RE: Unemployment continues to drop and other good news... (3/12/2013 9:09:10 AM)
quote: ORIGINAL: thompsonx quote: ORIGINAL: Yachtie ECON analysis - BUT NOT FOR TAZZY. It's via ZH. [8D] Foodstamp Recipients Hit Record, Alongside Record Dow Jones And Record Debt: 20% Of Eligible Americans On EBT Any Idea why food stamps are administered by the ag dept. and not the welfare dept? Every farmer takes at least minimal care of his animals! [image]http://i123.photobucket.com/albums/o296/nine_one_one/stuff/respect-055.gif[/image]

mnottertail -> RE: Unemployment continues to drop and other good news... (3/12/2013 9:10:46 AM)
Not so there is an ASPCA and enforcement officials out there

Real0ne -> RE: Unemployment continues to drop and other good news... (3/12/2013 9:30:20 AM)
only applicable to the genetically mute

papassion -> RE: Unemployment continues to drop and other good news... (3/12/2013 11:02:39 AM)
Obama is supposed to take credit for the economy getting better? Did anyone notice it really start going when the sequesture FORCED a slowdown in Obams's irresponsible overspending! Its only a slowdown, MUCH more will have to be cut to avoid us becomming Greece, Ireland, England, Spain, Italy, France, etc, etc. You know, all the Liberal thinking (and sinking) economies.

mnottertail -> RE: Unemployment continues to drop and other good news... (3/12/2013 11:12:01 AM)
No, nobody has noticed that, who is a sentient being, since the improvement has been going on in spite of the inept teabaggers efforts down there in the house.

papassion -> RE: Unemployment continues to drop and other good news... (3/12/2013 11:42:32 AM)
Yeah, except when the Senate won't take a vote on anything the House proposes, nothing gets done. why Hasen't Obama put out a budget for the past 4 years? Because he would have to SHOW where the hard cuts will have to be. He doesn't have the intestinal fortitude to do that Just like when he was a Senator. Not standing for anything. Just voting "present."

mnottertail -> RE: Unemployment continues to drop and other good news... (3/12/2013 11:44:25 AM)
Well, nobody is gonna waste their time on the dogshit the inept teabaggers in the house pass, up there in the Senate.....what have they passed down there worth even considering being made into law? You know, like give us specifics of the good in those shiteater bills they have been passing down there. Obama has put out his budget as required by law. (IN FEBRUARY I BELIEVE). You shouldn't join in to the conversation and make teabaggers look even more fuckin stupid and inept by adding more lies to the originals. As if you tell a big enough lie someone is finally going to believe you.

Yachtie -> RE: Unemployment continues to drop and other good news... (3/12/2013 11:50:16 AM)
FR Not for Tazzy [8D] via ZH, and yes it has sources[:D] More from the employment front- Top American CEOs About Job Creation: Not Happening Here CEOs of the largest American corporations, without aiming at it, shot barn-door-size holes through the rosy jobs picture. Rosy on the surface: unemployment down to 7.7% with 236,000 new jobs created last month. A picture the White House held up as proof of its success. But these CEOs didn’t see it. Not in the US. Though prospects were rosy in low-wage countries. Last week it was Honeywell CEO David Cote who said that they’d been cutting headcount through attrition, instead of adding to it, at the rate of hiring only two to three people as four or five leave. He expected hiring to slow even more, based on economic uncertainty in the US. Honeywell isn’t the only one. But other companies are actually adding jobs in the US. The net effect is a dreary reality, best depicted by the employment-population ratio, one of the least statistically mucked-up employment metrics. It measures total jobs against the population of age 16 and older. It peaked in April 2000 at 64.7%, then trended down, collapsed during the financial crisis—and hasn’t recovered since! In February 2009, it was 60.3%. A year later, it was 58.5%. In 2011, it was 58.4%. In 2012, 58.6%. In Friday’s report for February 2013? 58.6%. Clearly, jobs have been created, but only at the rate that the working-age population has grown.

mnottertail -> RE: Unemployment continues to drop and other good news... (3/12/2013 12:21:33 PM)
Yeah, we know big corps send jobs overseas, but there is a small business backbone to this country where the jobs are........and always have been. So, the CEO of toiletswill can eat a shit sandwich, like we should listen to these wortheless twatwaffles, and they will have brains to pour piss out of a boot at what time?

Yachtie -> RE: Unemployment continues to drop and other good news... (3/12/2013 12:52:19 PM)
Have some more swill ... The key dynamics here are debt saturation and diminishing returns: piling on more debt (i.e. borrowing more money) to stimulate spending only leads to fantastic excesses of speculation and mal-investment: $70,000 biopsies, $200 million fighter aircraft, $200,000 bachelor's degrees, McMansions in the middle of nowhere, and so on. The central banks are attempting to nullify the cycle of credit expansion and destruction by buying much of the sovereign debt being issued by profligate, hopelessly insolvent governments. Left to the open market, interest rates would rise as the risk of massive debt expansion becomes undeniable. Eventually, higher rates would pinch off borrowing or trigger default. The central banks are playing an unprecedented game: suppressing interest rates by expanding their balance sheets, i.e. creating money, and buying vast quantities of government bonds. This has given government leaders a free hand to keep borrowing more to avoid any politically painful limits on substituting debt for tax revenues. The expansion of central bank balance sheets is apparently painless and apparently consequence-free. So what if the Fed expands its balance sheet from $3 trillion to $30 trillion as it enables the debt-junkies to keep borrowing without limits? Is pushing consequence forward the same as eliminating consequence? We will find out at some point in the near future: perhaps 2015, perhaps 2021.

tazzygirl -> RE: Unemployment continues to drop and other good news... (3/12/2013 12:54:18 PM)
Could have sworn that during the ACA complaints many were stating small businesses hire far more than big business.

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/12/2013 7:12:07 PM)
quote: ORIGINAL: DesideriScuri quote: ORIGINAL: LookieNoNookie quote: ORIGINAL: plesto quote: ORIGINAL: LookieNoNookie quote: ORIGINAL: plesto quote: Most of the more recent jobs that have been lost have been in the govt. sector. The point I replying to. Their point implied that the unemployment came down due to your Government adding people to its payroll. Well, you should probably first learn sentence structure. "Their" point was actually a singular persons point and "his" point was that the unemployment figures are, were, and remain....bullshit. "My" government....is in fact....your government and "OUR" government is a bunch of lying sacks...and once you figure that out (as well as sentence structure), feel free to, once again, join the conversation. 1) My sentence structure has nothing to do with this conversation, you're just nit picking, I wrote that reply quickly and I didn't check for the numerous errors I made. Get off your high horse. 2) I didn't realise the UK was now in the USA, thank you for updating me that my country now has a president in the form of Obama. 3) Telling people with poor sentence structure that they cannot join a conversation, go easy on the little power trip you are currently having. I don't recall saying (or for that matter, even ever having been taught) that the UK was part of the USA. And as best as I can tell, Obama is the President of the United States, not the UK. Lookie, apparently, Plesto isn't a citizen of the US. So, when you altered his statement from "your government" to "our government" (Post#53), you made the incorrect assumption that he was a US citizen. Ah well, in fact I was indeed talking about his govt., their govt., my govt. And my govt., yours, his and mine, the world over....are liars. Whoever takes what they're told by their govt. essentially deserves to be lied to....because that's what they're paid to do: Calm the masses. Truth isn't part of that equation.

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/12/2013 7:15:06 PM)
quote: ORIGINAL: thompsonx quote: ORIGINAL: cuckoldmepls I seriously doubt the real unemployment rate is dropping. It's more likely people are moving back in with family members & falling off the unemployment rolls. Have you had to move back in with your family? If not then why do you assume that others have? Because housing statistics have covered this point extensively for the last 5 years.

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/12/2013 7:16:42 PM)
quote: ORIGINAL: thompsonx quote: ORIGINAL: LookieNoNookie quote: ORIGINAL: cuckoldmepls I seriously doubt the real unemployment rate is dropping. It's more likely people are moving back in with family members & falling off the unemployment rolls. You saw how they manipulated the data right before the election right? That's what it's all about folks. Making you think that the economy is improving even though we are descending into a 3rd world nation. You should also keep in mind that they spent $6 trillion more than we had, to keep the economy dependent on gov jobs & jobs that depend on gov spending both of which are a liability for the long term. By the time Obama is finished he will have doubled the national debt from $10 trillion to $20 trillion in 8 yrs. That's not progress folks. Cuck....PUHLEASE!!!!!!! Stop using sensible thinking!!!!!! You're gonna fuck people up here. Why am I not surprised at your support for this moronic post. My answer would require you to understand the epitome of irony, and I'm not entirely certain you're up to the task.

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/12/2013 7:17:52 PM)
quote: ORIGINAL: tazzygirl quote: DEFICIT quote: If Clinton paid down the public DEBT.....how in Gods name did it RISE in each year of his Presidency? Public debt increases or decreases as a result of the annual unified budget deficit or surplus The federal government budget deficit or surplus is the difference between government receipts and spending, ignoring intra-governmental transfers. However, some spending that is excluded from the deficit (supplemental appropriations) also adds to the debt. Please do try to understand the terms other people are using. Well.....son of a bitch....bring on the new keg then....I've misunderstood basic economics for the last 40+ years it would seem. Thanks for explaining how negative income pays down (any) debt. Amazing stuff....

LookieNoNookie -> RE: Unemployment continues to drop and other good news... (3/12/2013 7:19:51 PM)
quote: ORIGINAL: Yachtie Have some more swill ... The key dynamics here are debt saturation and diminishing returns: piling on more debt (i.e. borrowing more money) to stimulate spending only leads to fantastic excesses of speculation and mal-investment: $70,000 biopsies, $200 million fighter aircraft, $200,000 bachelor's degrees, McMansions in the middle of nowhere, and so on. The central banks are attempting to nullify the cycle of credit expansion and destruction by buying much of the sovereign debt being issued by profligate, hopelessly insolvent governments. Left to the open market, interest rates would rise as the risk of massive debt expansion becomes undeniable. Eventually, higher rates would pinch off borrowing or trigger default. The central banks are playing an unprecedented game: suppressing interest rates by expanding their balance sheets, i.e. creating money, and buying vast quantities of government bonds. This has given government leaders a free hand to keep borrowing more to avoid any politically painful limits on substituting debt for tax revenues. The expansion of central bank balance sheets is apparently painless and apparently consequence-free. So what if the Fed expands its balance sheet from $3 trillion to $30 trillion as it enables the debt-junkies to keep borrowing without limits? Is pushing consequence forward the same as eliminating consequence? We will find out at some point in the near future: perhaps 2015, perhaps 2021. But....but....Brondo has electrolytes!!!!

DesideriScuri -> RE: Unemployment continues to drop and other good news... (3/12/2013 8:35:10 PM)
quote: ORIGINAL: LookieNoNookie quote: ORIGINAL: tazzygirl quote: DEFICIT quote: If Clinton paid down the public DEBT.....how in Gods name did it RISE in each year of his Presidency? Public debt increases or decreases as a result of the annual unified budget deficit or surplus The federal government budget deficit or surplus is the difference between government receipts and spending, ignoring intra-governmental transfers. However, some spending that is excluded from the deficit (supplemental appropriations) also adds to the debt. Please do try to understand the terms other people are using. Well.....son of a bitch....bring on the new keg then....I've misunderstood basic economics for the last 40+ years it would seem. Thanks for explaining how negative income pays down (any) debt. Amazing stuff.... Duh, Lookie. Don't forget that President said he was going to take half the money saved by ending the wars to pay down the debt, too. Which means, we're going to borrow money to pay down the debt. Might have been more accurate to say it would reduce the deficit, no?

Yachtie -> RE: Unemployment continues to drop and other good news... (3/12/2013 9:31:38 PM)
Don't look Tazzy, it's ZH - It's getting real ugly... not unemployment, but banking, Japanese style. Kyle Bass, addressing Chicago Booth's Initiative on Global Markets last week, clarified his thesis on Japan in great detail, but it was the Q&A that has roused great concern. "The AIG of the world is back - I have 27 year old kids selling me one-year jump risk on Japan for less than 1bp - $5bn at a time... and it is happening in size." As he explains, the regulatory capital hit for the bank is zero (hence as great a return on capital as one can imagine) and "if the bell tolls at the end of the year, the 27-year-old kid gets a bonus... and if he blows the bank to smithereens, ugh, he got a paycheck all year." Critically, the bank that he bought the 'cheap options' from recently called to ask if he would close the position - "that happened to me before," he warns, "in 2007 right before mortgages cracked." His single best investment idea for the next ten years is, "Sell JPY, Buy Gold, and go to sleep," as he warns of the current situation in markets, "we are right back there! The brevity of financial memory is about two years."

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