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RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:04:37 PM

mnottertail

Posts: 60698
Joined: 11/3/2004
Status: offline

Jeeze, thats some pretty hallucinogenic asswipe.

The debt, is wholly the doings and responsibility of the nutsucker congress (read your constitution). As I understand the stultification, it is more to do with the nutsuckers breaking unions and wages, shipping jobs overseas, and supporting the military-industrial complex.

_____________________________

Have they not divided the prey; to every man a damsel or two? Judges 5:30

(in reply to bounty44)

Post #: 41

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:13:18 PM

BitYakin

Posts: 882
Joined: 10/15/2005
Status: offline

quote:

ORIGINAL: Lucylastic

You are innaccurate....again

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=3

and how does that graph show I am inaccurate?

because that graph shows that as little as 3 months ago gas was at 3.34? but if you click the 6 month graph you'll see it was at 3.68 a gallon, and in MY WORLD, that ALMOST 4.00 a gallon, and it has hovered in that area for ALMOST 6 years

ya know what it took almost a year for em to get it over 3.00 so instead of almost 6 years lets say almost 5 years. OK? better?

better yet click the 8 year graph and it pretty much bears out what I said...

there were spikes during the later years of bush, under Obama they rose STEADILY and until very recently NEVER ONCE dropped below 3.00 a gallon usually spiking and dropping between 4.00 and 3.50ish

< Message edited by BitYakin -- 12/26/2014 1:32:08 PM >

_____________________________

"If you can't explain it simply, you don't understand it well enough." - Albert Einstein

(in reply to Lucylastic)

Post #: 42

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:14:58 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: BitYakin

quote:

ORIGINAL: DaNewAgeViking

Wonderful. Now how about a Christmas present for the rest of us?

HEYYYY, we all got our Xmas present some years back when Obama signed that trillion dollar stimulus package, ya know the one where the average person got a 300 dollar tax break

what you spent it all, ALREADY???

ya know the really FUNNY part of that was, they spent 830 billion dollars, there are only 300 million people in the USA, divide 830 billion by 300 million write em all a check for that amount and every man woman an child could have retired
we'd have had to have a MASSIVE immigration influx just to take over all the jobs people retired from, and those retired people could have bought ANY DAM THING THEY WANTED
imagine what THAT would have done to the economy!

yeah I know over the long run there would be monster problems not the least of which being inflation... but it sure sounds good on the surface huh

sorta like that community reinvestment act Clinton signed....

you know the one, the one that spawned the joke that went around the construction trade "can't afford your rent, BUY a house!"

$831 billion between 2009 and 2019...that's 10 years.

HERE

(in reply to BitYakin)

Post #: 43

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:20:22 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: Gauge

quote:

ORIGINAL: cloudboy

I have to say this thread simply generated a sad (very sad) group of responses. Who knew good economic news could be this much of a downer.

Or maybe the responses speak to the larger problem that people are tired of working their fucking asses off and have shit to show for it, meanwhile the fat cats keep eating the middle class like errant mice.

Good economic news is fine, but it doesn't tip the scales toward prosperity by any stretch of the imagination.

....and because most of the so-called economic growth and its benefits goes to the investor class...not society at large.

To me, the whole reason this OP is called fluffy is just that, equities (paper value) and profits are doing just fine, the rest...can eat cake.

(in reply to Gauge)

Post #: 44

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:30:29 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: bounty44

quote:

ORIGINAL: cloudboy

http://www.usatoday.com/story/money/markets/2014/12/23/djia-commerce-gdp-dow-stock/20803851/

THE BUSH YEARS ARE FINALLY BEHIND US!!!! (Mostly)

A stock rally that sent major stock indexes to new heights on Tuesday was buoyed by more than just holiday spirits, according to the pros.

Santa Claus came early this year by sending both the Dow Jones industrial average and the S&P 500 to new closing highs for a second consecutive day on Tuesday. The Dow closed up 0.4% to 18,024.17, following a previous closing high of 17,959.44 reached on Monday.

The S&P 500, meanwhile, closed up 0.2% to 2082.17, above its closing high of 2078.54. Only the Nasdaq composite of tech stocks broke the mold, trading down 0.3% to close at 4765.42.

While stock swings are easier to come by during a holiday week when volumes are light, economists said Tuesday's historic uptick is no Christmas miracle.

"Sure, liquidity is low toward the end of the year, but the fundamental improvements in the economy support an upward trajectory for the stock market," said Brett Ryan, an economist with Deutsche Bank.

"This is not valuation driven, this is not psychology driven — it's fundamentally driven," added David Darst, senior adviser to Morgan Stanley, of Tuesday's rally.

neverminding that the "bush years" you are disparagingly referring to were largely a result of the housing bubble, which was overwhelmingly a liberal-caused phenomena.

The housing bubble was caused by historically record low mortgage rates. (the Fed) For each 1% lower in rates, created something like another 250,000 qualified buyers which drove up the price of existing home sales which spawned a great rise in new construction. 8% -3% 1.25 million NEW buyers qualified and under the old Fannie and Freddie criteria. (5% down)

[It] had nothing whatever to do with any so-called 'liberal' policies or before anyone wants to go there...the CRA. (Community Reinvestment Act)

(in reply to bounty44)

Post #: 45

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:37:00 PM

BitYakin

Posts: 882
Joined: 10/15/2005
Status: offline

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: bounty44

quote:

ORIGINAL: cloudboy

http://www.usatoday.com/story/money/markets/2014/12/23/djia-commerce-gdp-dow-stock/20803851/

THE BUSH YEARS ARE FINALLY BEHIND US!!!! (Mostly)

A stock rally that sent major stock indexes to new heights on Tuesday was buoyed by more than just holiday spirits, according to the pros.

Santa Claus came early this year by sending both the Dow Jones industrial average and the S&P 500 to new closing highs for a second consecutive day on Tuesday. The Dow closed up 0.4% to 18,024.17, following a previous closing high of 17,959.44 reached on Monday.

The S&P 500, meanwhile, closed up 0.2% to 2082.17, above its closing high of 2078.54. Only the Nasdaq composite of tech stocks broke the mold, trading down 0.3% to close at 4765.42.

While stock swings are easier to come by during a holiday week when volumes are light, economists said Tuesday's historic uptick is no Christmas miracle.

"Sure, liquidity is low toward the end of the year, but the fundamental improvements in the economy support an upward trajectory for the stock market," said Brett Ryan, an economist with Deutsche Bank.

"This is not valuation driven, this is not psychology driven — it's fundamentally driven," added David Darst, senior adviser to Morgan Stanley, of Tuesday's rally.

neverminding that the "bush years" you are disparagingly referring to were largely a result of the housing bubble, which was overwhelmingly a liberal-caused phenomena.

The housing bubble was caused by historically record low mortgage rates. (the Fed) For each 1% lower in rates, created something like another 250,000 qualified buyers which drove up the price of existing home sales which spawned a great rise in new construction. 8% -3% 1.25 million NEW buyers qualified and under the old Fannie and Freddie criteria. (5% down)

[It] had nothing whatever to do with any so-called 'liberal' policies or before anyone wants to go there...the CRA. (Community Reinvestment Act)

actually that's not true regarding CRA, it was the bill that, lets use the word "encouraged" the banks to lend at those LOW RATES with NO MONEY DOWN!

_____________________________

"If you can't explain it simply, you don't understand it well enough." - Albert Einstein

(in reply to MrRodgers)

Post #: 46

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:41:50 PM

freedomdwarf1

Posts: 6845
Joined: 10/23/2012
Status: offline

Methinks your memory is playing up.

quote:

ORIGINAL: BitYakin
really 4 dollars a gallon in 2008?
hmmmmm

I remember it got up to 4 a gallon for a lil over a month after Katrina...

"August 29, 2005 - Hurricane Katrina makes landfall as a Category 3 storm with 127 mph winds between Grand Isle, Louisiana, and the mouth of the Mississippi River at about 6 a.m."
Source: http://edition.cnn.com/2013/08/23/us/hurricane-katrina-statistics-fast-facts/

And this graph shows.... http://charts.gasbuddy.com/ch.gaschart?Country=Canada&Crude=f&Period=120&Areas=USA%20Average,,&Unit=US%20$/G
...it peaked at $3.09.
Nowhere near $4 a gallon.

quote:

ORIGINAL: BitYakin
I remember prices started to rise in 09, reached aprox 4 dollars a gallon and held steady there for almost 6 years....

And in 2009 it started at $1.59 and rose to around $2.60 a gallon.
Again.... nowhere near that $4/gallon you speak of.
And again.... not for "almost 6 years" as you stated.
It peaked in mid-2008 at around $4.10 then plummeted to $1.59 by the start of 2009.

ETA: When you get to paying nearly $10 a gallon like we do - THEN you can start bitchin'

< Message edited by freedomdwarf1 -- 12/26/2014 2:08:40 PM >

_____________________________

“If liberty means anything at all, it means the right to tell people what they do not want to hear.”

George Orwell, 1903-1950

(in reply to BitYakin)

Post #: 47

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:43:43 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: BitYakin

quote:

ORIGINAL: cloudboy

FAST REPLY:

If you are upset about income inequality --- than the constructive response here is a raise on the capital gains tax.

you mean the USA should go from the 4th highest capitol gains tax rate to what? 1st 2nd or 3rd?

Irrelevant. Any difference in the tax on labor vs capital is illogical at best and immoral at worst. The idea that the, investor class needs an incentive at all let alone 2 1/2 that of taxes on labor should insult ones intelligence.

In fact, is largely responsible for a Bloomberg to go from a net worth of $3.3 billion to $33 billion (1100%) all while he had a real job...12 years mayor of NY.

Oh and BTW, created no jobs...took no risks etc., i.e., wasted, egregious...immoral.

< Message edited by MrRodgers -- 12/26/2014 1:49:09 PM >

(in reply to BitYakin)

Post #: 48

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 1:57:45 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

ORIGINAL: bounty44

quote:

ORIGINAL: cloudboy

http://www.usatoday.com/story/money/markets/2014/12/23/djia-commerce-gdp-dow-stock/20803851/

THE BUSH YEARS ARE FINALLY BEHIND US!!!! (Mostly)

A stock rally that sent major stock indexes to new heights on Tuesday was buoyed by more than just holiday spirits, according to the pros.

Santa Claus came early this year by sending both the Dow Jones industrial average and the S&P 500 to new closing highs for a second consecutive day on Tuesday. The Dow closed up 0.4% to 18,024.17, following a previous closing high of 17,959.44 reached on Monday.

The S&P 500, meanwhile, closed up 0.2% to 2082.17, above its closing high of 2078.54. Only the Nasdaq composite of tech stocks broke the mold, trading down 0.3% to close at 4765.42.

While stock swings are easier to come by during a holiday week when volumes are light, economists said Tuesday's historic uptick is no Christmas miracle.

"Sure, liquidity is low toward the end of the year, but the fundamental improvements in the economy support an upward trajectory for the stock market," said Brett Ryan, an economist with Deutsche Bank.

"This is not valuation driven, this is not psychology driven — it's fundamentally driven," added David Darst, senior adviser to Morgan Stanley, of Tuesday's rally.

neverminding that the "bush years" you are disparagingly referring to were largely a result of the housing bubble, which was overwhelmingly a liberal-caused phenomena.

Wow. This crowd can argue about even good years.

The housing bubble burst took until late 2014 to recover? Really? Why?

Rationalization. And, the causes were complex (including the housing bubble), including especially the derivatives bundling and the lack of accounting to disclose their true risk, the resulting tight credit and uncertainty, and years of fiscal policy ignoring fundamentals (cutting revenue while increasing costs, including off-the-budget structural costs for two wars) while pushing monetary policy to near zero rates (further complicating both credit and the opportunity cost of holding funds, drying up liquidity), and the threat to shut down the government, causing US credit ratings to drop.

(in reply to bounty44)

Post #: 49

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:01:43 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: bounty44

I also recall how for years the left has been saying that the "do nothing congress" (Republicans) are responsible for the economy

That's because, in most cases, they block any moves to make it any better for most people.
But of course, you don't like the truth do you.

You like the think the lefties are evil and the righties are all good.
Somehow, I don't think the GoP would have even gotten close to what Obama has done for the US.
You might not like it but those evil lefties got your country out of the economic shit-hole and rescued your auto industry.

"...to what Obama has done for the US."

let's see: there's an increase in the deficit which lead to a downgrading in credit, an increase in the size and scope of government which costs taxpayers more, regulations that have costs businesses billions of dollars to comply with, Obamacare which has stifled job growth, the stimulus which was full of cronyism and failed green projects, dodd-frank which has costs banks and consumers billions, and those are just the ones off the top of my head.

also---one gets tired of hearing about the "do nothing" republican congress, for two reasons: one is, the democrats held sway for the majority of Obama's presidency, so the argument doesn't hold water on its face. Second, its the republican's jobs to represent their constituency, not to go along with and support whatever the democrats propose.

one should only have to look at the results of the last two congressional elections to get a sense of that americans aren't happy with Obama, democrats or the economy.

Except that the quote is almost all unmitigated bullshit.

(in reply to bounty44)

Post #: 50

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:02:41 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: Gauge

quote:

ORIGINAL: cloudboy

I have to say this thread simply generated a sad (very sad) group of responses. Who knew good economic news could be this much of a downer.

Or maybe the responses speak to the larger problem that people are tired of working their fucking asses off and have shit to show for it, meanwhile the fat cats keep eating the middle class like errant mice.

Good economic news is fine, but it doesn't tip the scales toward prosperity by any stretch of the imagination.

....and because most of the so-called economic growth and its benefits goes to the investor class...not society at large.

To me, the whole reason this OP is called fluffy is just that, equities (paper value) and profits are doing just fine, the rest...can eat cake.

If there's a difference in the "investor class," it's the fault of the individual person.

I started investing in capital back in starving musician days. Not a lot, obviously, but I understood I lived in a capitalist system, and if I wanted to get out of hand-to-mouth poverty, I'd have to start building capital.

You'd be surprised how quickly that adds up and compounds.

(in reply to MrRodgers)

Post #: 51

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:07:23 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: BitYakin

quote:

ORIGINAL: Lucylastic

You are innaccurate....again

http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=3

and how does that graph show I am inaccurate?

because that graph shows that as little as 3 months ago gas was at 3.34? but if you click the 6 month graph you'll see it was at 3.68 a gallon, and in MY WORLD, that ALMOST 4.00 a gallon, and it has hovered in that area for ALMOST 6 years

ya know what it took almost a year for em to get it over 3.00 so instead of almost 6 years lets say almost 5 years. OK? better?

better yet click the 8 year graph and it pretty much bears out what I said...

there were spikes during the later years of bush, under Obama they rose STEADILY and until very recently NEVER ONCE dropped below 3.00 a gallon usually spiking and dropping between 4.00 and 3.50ish

The 8 year graph shows a change in price about every 6 mos or so and at no time did the price of gas 'stay' anywhere for 6 years.

Besides, the argument is superfluous. The actual price of gas in the US is subject to big speculative swings not honky because of the price of crude (sweet crude mostly) but swings in supply due to the US being the world's largest gas exporter.

Those exports are always a pressure to keep the price as high as possible.

(in reply to BitYakin)

Post #: 52

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:12:52 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: Musicmystery

quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: Gauge

quote:

ORIGINAL: cloudboy

I have to say this thread simply generated a sad (very sad) group of responses. Who knew good economic news could be this much of a downer.

Or maybe the responses speak to the larger problem that people are tired of working their fucking asses off and have shit to show for it, meanwhile the fat cats keep eating the middle class like errant mice.

Good economic news is fine, but it doesn't tip the scales toward prosperity by any stretch of the imagination.

....and because most of the so-called economic growth and its benefits goes to the investor class...not society at large.

To me, the whole reason this OP is called fluffy is just that, equities (paper value) and profits are doing just fine, the rest...can eat cake.

If there's a difference in the "investor class," it's the fault of the individual person.

I started investing in capital back in starving musician days. Not a lot, obviously, but I understood I lived in a capitalist system, and if I wanted to get out of hand-to-mouth poverty, I'd have to start building capital.

You'd be surprised how quickly that adds up and compounds.

I understand and hats off but we are talking apples and oranges. Hypothetically, I could buy real estate, or stocks & bonds etc. take little risk, create no jobs and pay 15% 'long term' [sic] cap gains tax. (1 year) Whereas my highest paid staff who did all of the work...paid as much as 39%.

I don't hate the rich but I do envy their political power (all of that free speech in the bank) and power and their wealth factor...making money with money and paying less than the tax rate of a well paid teacher.

< Message edited by MrRodgers -- 12/26/2014 2:41:05 PM >

(in reply to Musicmystery)

Post #: 53

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:15:33 PM

Musicmystery

Posts: 30259
Joined: 3/14/2005
Status: offline

But that's the difference. It's hypothetical to you.

(in reply to MrRodgers)

Post #: 54

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:20:51 PM

BitYakin

Posts: 882
Joined: 10/15/2005
Status: offline

quote:

ORIGINAL: freedomdwarf1

Methinks your memory is playing up.

quote:

ORIGINAL: BitYakin
really 4 dollars a gallon in 2008?
hmmmmm

I remember it got up to 4 a gallon for a lil over a month after Katrina...

"August 29, 2005 - Hurricane Katrina makes landfall as a Category 3 storm with 127 mph winds between Grand Isle, Louisiana, and the mouth of the Mississippi River at about 6 a.m."
Source: http://edition.cnn.com/2013/08/23/us/hurricane-katrina-statistics-fast-facts/

And this graph shows.... http://charts.gasbuddy.com/ch.gaschart?Country=Canada&Crude=f&Period=120&Areas=USA%20Average,,&Unit=US%20$/G
...it peaked at $3.09.
Nowhere near $4 a gallon.

quote:

ORIGINAL: BitYakin
I remember prices started to rise in 09, reached aprox 4 dollars a gallon and held steady there for almost 6 years....

And in 2009 it started at $1.59 and rose to around $2.60 a gallon.
Again.... nowhere near that $4/gallon you speak of.
And again.... not for "almost 6 years" as you stated.
It peaked in mid-2008 at around $4.10 then plummeted to $1.59 by the start of 2009.

ya know what, yeah I guess my mind exaggerated it a lil, see I didn't go LOOK it up, I just remember, after Katrina prices went nuts, and reached the high of 4.00 a gallon afterwards..

I also remembered that by the end of the bush admin that they had returned to well below 2.00 a gallon...
and once Obama took offices the started to CLIMB, and CLIMB and CLIMB and for a SIGNIFICANT portion of his admin has bounced between 3.50 and 4.00 a gallon until the past few months

did my mind exaggerate it some? apparently so, was the essence of what I said true? I believe so

I also disagree that the peak at 3.09 at 5/07 was the END of the aftermath of Katrina

I don't have the qualifications to say when the peak of the aftermath on Katrina was, whether it was 5/07 or 6/08. do you?

you have a graph that shows it reached a high of 3.09 in 07 but it also reached about 3.00 at 6/06, why not declare that the end of the crisis? there was a drop in price after both of those peaks.

so who is to say whether the effect on gas prices by that crisis was in 06 or 07 or 08?

I say 08 because there were no other new dramatic events that I know of that would have effected it...

I presume you picked 07 because there was a drop in price shortly after, but as I pointed out there was a drop in price after the peak of 06 too... actually a much more dramatic drop after the 06 peak than the 07 peak...

_____________________________

"If you can't explain it simply, you don't understand it well enough." - Albert Einstein

(in reply to freedomdwarf1)

Post #: 55

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:40:37 PM

DesideriScuri

Posts: 12225
Joined: 1/18/2012
Status: offline

quote:

ORIGINAL: BitYakin

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: freedomdwarf1
As for oil prices, they have plummeted from $140~something a barrel to less than $60 yet our fuel/gas prices are only 15% cheaper. WTF??

Damn. From what I remember, gas prices were $4.25/gallon (at the "cheap" places) in my area back in the summer of '08 (and I was driving a lot for work back then), and I've seen prices as low as $1.84/gallon (cash; $1.89/gallon if you use credit) and $1.88/gallon (regardless of how you pay). At least in the US, the graphs of the price of oil and the price of gas at the pump generally follow each other.

really 4 dollars a gallon in 2008?
hmmmmm
http://www.consumerreports.org/cro/news/2008/12/average-gas-prices-december-29-2008/index.htm
I remember it got up to 4 a gallon for a lil over a month after Katrina...
I remember prices started to rise in 09, reached aprox 4 dollars a gallon and held steady there for almost 6 years....
BTW some may remember I am a plumber and buy gas and drive EVERY day

That's great for you, but, if you bothered to read what I said, I did mention "summer of '08." December of '08 isn't during the summer.

http://www.gasbuddy.com/gb_retail_price_chart.aspx

Click on the "10 Years" button. I think this is a "National Average" price. If you look at the numbers for 2005 (year of Hurricane Katrina), you'll see that they don't get much over $3/gallon (National Average). So, I stand by my numbers...

_____________________________

What I support:

A Conservative interpretation of the US Constitution
Personal Responsibility
Help for the truly needy
Limited Government
Consumption Tax (non-profit charities and food exempt)

(in reply to BitYakin)

Post #: 56

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:47:58 PM

DesideriScuri

Posts: 12225
Joined: 1/18/2012
Status: offline

quote:

ORIGINAL: freedomdwarf1
Methinks your memory is playing up.

quote:

ORIGINAL: BitYakin
really 4 dollars a gallon in 2008?
hmmmmm
I remember it got up to 4 a gallon for a lil over a month after Katrina...

"August 29, 2005 - Hurricane Katrina makes landfall as a Category 3 storm with 127 mph winds between Grand Isle, Louisiana, and the mouth of the Mississippi River at about 6 a.m."
Source: http://edition.cnn.com/2013/08/23/us/hurricane-katrina-statistics-fast-facts/
And this graph shows.... http://charts.gasbuddy.com/ch.gaschart?Country=Canada&Crude=f&Period=120&Areas=USA%20Average,,&Unit=US%20$/G
...it peaked at $3.09.
Nowhere near $4 a gallon.

quote:

ORIGINAL: BitYakin
I remember prices started to rise in 09, reached aprox 4 dollars a gallon and held steady there for almost 6 years....

And in 2009 it started at $1.59 and rose to around $2.60 a gallon.
Again.... nowhere near that $4/gallon you speak of.
And again.... not for "almost 6 years" as you stated.
It peaked in mid-2008 at around $4.10 then plummeted to $1.59 by the start of 2009.
ETA: When you get to paying nearly $10 a gallon like we do - THEN you can start bitchin'

Now, FD, remember gasbuddy uses "National Averages" for the graph. BitYakin could have seen much higher prices than the National average, just as easily as I can be seeing much lower prices than the National Average now.

From memory, I think it was Chicago and areas in California seeing gas over $5/gallon at their highest, which isn't shown in the gasbuddy charts, either.

_____________________________

What I support:

A Conservative interpretation of the US Constitution
Personal Responsibility
Help for the truly needy
Limited Government
Consumption Tax (non-profit charities and food exempt)

(in reply to freedomdwarf1)

Post #: 57

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:58:56 PM

tj444

Posts: 7574
Joined: 3/7/2010
Status: offline

quote:

ORIGINAL: Musicmystery

But that's the difference. It's hypothetical to you.

and to those making minimum wages and paying half their income in rent just to have a roof over their heads.. even for the poor back in your starving musician days it was easier to make & save money (people pay probably around 10% more now of their income in tax than back then)..

_____________________________

As Anderson Cooper said “If he (Trump) took a dump on his desk, you would defend it”

(in reply to Musicmystery)

Post #: 58

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 2:59:49 PM

MrRodgers

Posts: 10542
Joined: 7/30/2005
Status: offline

quote:

ORIGINAL: Musicmystery

But that's the difference. It's hypothetical to you.

The hypothetical is that it is me as an example. It is anything but hypothetical for 1000's of real investors or investors in paper or things, taking real advantage of an immoral tax code.

(in reply to Musicmystery)

Post #: 59

RE: Fluffy Feel Good Money News about the US Stock Market - 12/26/2014 3:01:21 PM

BitYakin

Posts: 882
Joined: 10/15/2005
Status: offline

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: BitYakin

quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: freedomdwarf1
As for oil prices, they have plummeted from $140~something a barrel to less than $60 yet our fuel/gas prices are only 15% cheaper. WTF??

Damn. From what I remember, gas prices were $4.25/gallon (at the "cheap" places) in my area back in the summer of '08 (and I was driving a lot for work back then), and I've seen prices as low as $1.84/gallon (cash; $1.89/gallon if you use credit) and $1.88/gallon (regardless of how you pay). At least in the US, the graphs of the price of oil and the price of gas at the pump generally follow each other.

really 4 dollars a gallon in 2008?
hmmmmm
http://www.consumerreports.org/cro/news/2008/12/average-gas-prices-december-29-2008/index.htm
I remember it got up to 4 a gallon for a lil over a month after Katrina...
I remember prices started to rise in 09, reached aprox 4 dollars a gallon and held steady there for almost 6 years....
BTW some may remember I am a plumber and buy gas and drive EVERY day

That's great for you, but, if you bothered to read what I said, I did mention "summer of '08." December of '08 isn't during the summer.

http://www.gasbuddy.com/gb_retail_price_chart.aspx

Click on the "10 Years" button. I think this is a "National Average" price. If you look at the numbers for 2005 (year of Hurricane Katrina), you'll see that they don't get much over $3/gallon (National Average). So, I stand by my numbers...

you re 100% correct, summer of 08 there was a spike to about 4.00 a gallon, but it didn't last long...

it seemed to me your post was implying how BAD 08 was in general, and I only meant to point out after that spike things got MUCH BETTER and point out that while that was a ruff time, its been almost as bad at that for MOST of Obama's admin...

I'd also like to point out I am not blaming obama anymore than I'd blame the whole Katrina gas thing on bush...

and thank you for pointing out my personal observations might be different from the national average...

fact is I drive an 86 GM van with a 350 V8 with well over 300 thousand miles on it, and ONLY use Amoco now BP gold/premium gas in it

so I personally was paying OVER 4 a gallon threw the majority of the Obama admin... and I do tend to post based on personal observation rather than based on some eggheads charts

< Message edited by BitYakin -- 12/26/2014 3:11:23 PM >

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(in reply to DesideriScuri)

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All Forums >> [Community Discussions] >> Dungeon of Political and Religious Discussion >> RE: Fluffy Feel Good Money News about the US Stock Market

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