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ORIGINAL: DesideriScuri

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ORIGINAL: LookieNoNookie

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ORIGINAL: tazzygirl

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DEFICIT

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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?

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ORIGINAL: LookieNoNookie
I need to throw away all my econ books. Apparently the authors were idjits.

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ORIGINAL: DomYngBlk

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ORIGINAL: Yachtie

~FR~

It's all Kool-Aid. That supposed drop in unemployment only cost some billions in government spending.

Not that I wish it, but I'll dance for joy when it all comes apart and shoves it up the left's collective asses, being those who applaud the Obama's agenda. [:o]

So you will be happy to inflict suffering on your fellow Americans. Why am I not surprised.

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ORIGINAL: DomYngBlk

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ORIGINAL: Yachtie

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ORIGINAL: DomYngBlk

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ORIGINAL: Yachtie

~FR~

It's all Kool-Aid. That supposed drop in unemployment only cost some billions in government spending.

Not that I wish it, but I'll dance for joy when it all comes apart and shoves it up the left's collective asses, being those who applaud the Obama's agenda. [:o]

So you will be happy to inflict suffering on your fellow Americans. Why am I not surprised.

I won't be the one inflicting anything. But I will find it humorous. Who am I to deny what's been asked for?

So you will find it "humorous" that many of your fellow americans are suffering......Why is it that you call yourself an American?

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ORIGINAL: DomYngBlk

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ORIGINAL: Yachtie

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ORIGINAL: DomYngBlk

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ORIGINAL: Yachtie
~FR~
It's all Kool-Aid. That supposed drop in unemployment only cost some billions in government spending.
Not that I wish it, but I'll dance for joy when it all comes apart and shoves it up the left's collective asses, being those who applaud the Obama's agenda. [:o]

So you will be happy to inflict suffering on your fellow Americans. Why am I not surprised.

I won't be the one inflicting anything. But I will find it humorous. Who am I to deny what's been asked for?

So you will find it "humorous" that many of your fellow americans are suffering......Why is it that you call yourself an American?

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ORIGINAL: DesideriScuri

DYB, if Yachtie is right, and shit hits the fan the way it's been outlined by ZeroHedge, then he will laugh as the Liberals get their comeuppance. He may have a twisted sense of humor in this, but you would have supported and pushed for the suffering of your fellow Americans (with the assumption that the shit does hit the fan the way Yachtie is asserting).

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ORIGINAL: DomYngBlk

Which all could come true but I sure as hell wouldn't find it humorous. What sort of american would be happy about that?

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ORIGINAL: DesideriScuri
DYB, if Yachtie is right, and shit hits the fan the way it's been outlined by ZeroHedge, then he will laugh as the Liberals get their comeuppance. He may have a twisted sense of humor in this, but you would have supported and pushed for the suffering of your fellow Americans (with the assumption that the shit does hit the fan the way Yachtie is asserting).

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ORIGINAL: Yachtie

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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ORIGINAL: Yachtie

FR

Don't look Tazzy, your head might explode - via ZH -

And it's getting better, when adjusted.

In a news release that would have been blamed on delayed tax refunds and "the weather" if it was a miss, but confirms a stronger consumer if it beat, and denies everything Wal Mart was warning about regarding February sales, today's retail sales just came stronger than expected in both the headline print (+1.1%, on expectations of a +0.5% rise), the Ex-Autos (+1.0%, Exp. 0.5%), and the Ex-autos and gas (0.4%, Exp. 0.2%). All of this of course was on a seasonally-adjusted basis (more on this shortly). This was the biggest beat of expectations since October 2011, and the biggest monthly rise in five months. The number was driven by a 5.0% jump in gasoline station sales, a 1.8% increase in Miscellaneous store retailers, a 1.6% rise in non-store retailers and a 1.1% increase in the broad retail and food services category. Declines were noted in Furniture stores (-1.6%), Electronics and Appliance stores (-0.2%), and Sporting goods and music stores (-0.9%).

So on the surface all was good. The seasonally adjusted surface. because the unadjusted headline number in February actually posted the first sequential decline since 2010, as retail sales declined from $382.4 billion to $381.0 billion: this was the first sequential decline in retail sales in the month of February in three years. Yet somehow the decline actually translated into a growth of $4.4 billion on an adjusted basis, meaning the entire beat was, once more, purely in the calendar adjustment. (emphasis added)