RE: Fed gloomier about the economy/ like we didn't already know this? (Full Version)

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Edwynn -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 10:29:34 PM)


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Edwynn -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 10:31:21 PM)



What institution would that be? Aside from the fact that there is no 'best' for much of anything, and not to overlook the fact that such-said institution has somehow deprived you of the ability to give answer to even the simplest of fundamental economic or financial basics.

You didn't even mention the Cobb-Douglass function, which would have been easy enough if you have even half the the capacity that you claim to have. What's the name of that school again?






Edwynn -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 10:52:09 PM)




Of course Greece is going to default, and they should have done that at least two years ago, and Germany and the other Euro countries were twits for ever allowing them in in the first place.

But your good budies (or so you imagine) at Goldman Sachs did the currency swap thing that artificially lowered the paper debt of Greece by effectively extending the timeline to that effort. I'm sure your school is all over that one, right?

Right.






provfivetine -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 10:55:59 PM)

quote:

ORIGINAL: Marini

quote:

ORIGINAL: provfivetine

quote:

ORIGINAL: SternSkipper

Then stick around, we'll probably want to eat you when food gets scarce.



You could try. At least you understand this basic concept. (though it will effect the rest of the world much more than it will here in the US).


This is an interesting statement, I would love for you to elaborate.


Stern mentioned that food will get scarce. Food scarcity (along with other things) will result in higher prices. Higher prices are evident already. (Though, I could see food prices stabling, or even declining, in the next few months. This is especially true if the FED decides not to inject more liquidity into the system. I think, however, that the FED will keep up with the QE, even if they do coin a new term, which will keep pushing prices up. Much of what happens in the future regarding this is up to Ben Bernanke.)

The US is lucky that it has the world's reserve currency. As a result, the US can export much of its inflation to other countries. You can see evidence of this all over the world right now. In some countries, rising prices (food, energy, labor, etc) was a big factor in contributing to the revolutions. China is experiencing massive food inflation. So is India. Many other countries are as well. Of course there are other contributing factors, such as the fact that there are fewer farmers growing food and there are more people consuming food. The world population has increased by 1 billion in the last 15 years or so; they all have to eat. There are droughts, natural disasters, and other things, but the key here is the world's reserve currency status that the USD enjoys. This allows Americans to enjoy a higher standard of living compared to the rest of the world. It's a sweet deal for anyone living in the US, but it isn't so good for anyone that pegs their currency to the dollar.



Edwynn -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 11:10:31 PM)



Let's just do away with the billions in subsidies to the oil companies and the billions in subsidies to the agro-chem industries and see where we land after that.

I'm sure that you are not aware of this, but worldwide food production will go way up  and oil will go wherever it goes once we do away with the all the subsidies. What is your school saying about that?


Right.






provfivetine -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 11:24:33 PM)

quote:

ORIGINAL: Edwynn

What institution would that be? Aside from the fact that there is no 'best' for much of anything, and not to overlook the fact that such-said institution has somehow deprived you of the ability to give answer to even the simplest of fundamental economic or financial basics.

You didn't even mention the Cobb-Douglass function, which would have been easy enough if you have even half the the capacity that you claim to have. What's the name of that school again?

Of course Greece is going to default, and they should have done that at least two years ago, and Germany and the other Euro countries were twits for ever allowing them in in the first place.

But your good budies (or so you imagine) at Goldman Sachs did the currency swap thing that artificially lowered the paper debt of Greece by effectively extending the timeline. I'm sure your school is all over that one, right?

Right.



Haha. You're a trip man. Why would I support Goldman Sachs? They should be bankrupt right now. I agree with your statement regarding Greece/Germany (if you agreed with me in the first place, why the hostility?). Your other assertions are just getting out of control at this point. You're bringing up terms in an attempt to prove something to yourself, not to the readers of this thread. You are not contributing anything of substance to this discussion.

Furthermore, I go to this little school called Harvard (have you heard of it?), and yes they are all over everything. Our graduates and alumni run the show called "The World."

Don't insult my intelligence, boy.



Edwynn -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 11:33:27 PM)



Yet you still have no grasp of the Cobb-Douglass function, and if anything from economics be properly understood, the gross market distortion from the deficit-burdoning of billions in subsidies to the wealthiest corporations in the world.

BTW, no argument here as to the bonafides of that institution. I just hope they do the job and turn you out better than where you are now.


Gongrats, any regards.






Termyn8or -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/22/2011 11:49:50 PM)

Sorry, not reading all this... :

"Ben Bernanke and the rest of the federal reserve, announced that growth in the economy is slower than expected,"

So they are within ten light years of the truth ? Lemme ask you this - WHAT FUCKING GROWTH ? More motherfuckers out of work, or Phds working at McD's, cutting every fucking benefit possible, and still no fucking jobs, what the fuck growth are they talking about ?

Every motherfucker with a quarter of a brain knows we are in the last stage of a pre-depression recession, except them ? What the fuck planet are they on ? Half of Europe is going to collapse because they were stupid enough to depend on us, China ain't too  happy, Saddam did the right thing for his people by switching to the euro, China wants to unpeg, Japan is now worthless. Nobody else likes us enough to give us toys on credit. And we can't make our own anymore.

What fucking growth ?

You talk about schooling. Well people who ran this motherfucker into the ground had plenty of schooling. They know all your fancy words.

T^T



Edwynn -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 1:32:14 AM)



~FR~

To the original discussion;

Today's or yesterday's opinion from some twit has as much to do with the overall economy as today's or yesterday's weather has to do with the climate.

Figure it out, folks.

Quit trying to delude yourself that anybody has figured it out, however much fun 'panic mode' might be to you.

I'm relaxed about it, and good luck changing that.






Musicmystery -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 5:03:07 AM)

Ya know, guys, you could at least look at the piece imbedded in the article, the clip from Fortune, about why Greece will not default. Then, instead of your imagined brilliance, you could refute the points with reasoned arguments.

Incidentally, that someone is currently studying does nothing for me. I see clueless majors every day...long way to go to their degrees, and further to any real world success.



Marini -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 7:54:54 AM)



quote:

ORIGINAL: Marini

This is an interesting statement, I would love for you to elaborate.


Stern mentioned that food will get scarce. Food scarcity (along with other things) will result in higher prices. Higher prices are evident already. (Though, I could see food prices stabling, or even declining, in the next few months. This is especially true if the FED decides not to inject more liquidity into the system. I think, however, that the FED will keep up with the QE, even if they do coin a new term, which will keep pushing prices up. Much of what happens in the future regarding this is up to Ben Bernanke.)

The US is lucky that it has the world's reserve currency. As a result, the US can export much of its inflation to other countries. You can see evidence of this all over the world right now. In some countries, rising prices (food, energy, labor, etc) was a big factor in contributing to the revolutions. China is experiencing massive food inflation. So is India. Many other countries are as well. Of course there are other contributing factors, such as the fact that there are fewer farmers growing food and there are more people consuming food. The world population has increased by 1 billion in the last 15 years or so; they all have to eat. There are droughts, natural disasters, and other things, but the key here is the world's reserve currency status that the USD enjoys. This allows Americans to enjoy a higher standard of living compared to the rest of the world. It's a sweet deal for anyone living in the US, but it isn't so good for anyone that pegs their currency to the dollar.


Thank you for taking the time to answer my question.
What you are saying makes sense, and it may be a sweet deal for people living in the U.S.
But the deal is not that sweet for the US if we continue to spiral into the next Depression.



Marini -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 7:57:22 AM)


quote:

ORIGINAL: Termyn8or

Sorry, not reading all this... :

"Ben Bernanke and the rest of the federal reserve, announced that growth in the economy is slower than expected,"

So they are within ten light years of the truth ? Lemme ask you this - WHAT FUCKING GROWTH ? More motherfuckers out of work, or Phds working at McD's, cutting every fucking benefit possible, and still no fucking jobs, what the fuck growth are they talking about ?

Every motherfucker with a quarter of a brain knows we are in the last stage of a pre-depression recession, except them ? What the fuck planet are they on ? Half of Europe is going to collapse because they were stupid enough to depend on us, China ain't too  happy, Saddam did the right thing for his people by switching to the euro, China wants to unpeg, Japan is now worthless. Nobody else likes us enough to give us toys on credit. And we can't make our own anymore.

What fucking growth ?

You talk about schooling. Well people who ran this motherfucker into the ground had plenty of schooling. They know all your fancy words.

T^T


I am sure this is a random rant, I am sorry if my topics upset you.
Is this particular post aimed at me? Or is it just random?



Termyn8or -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 10:14:50 AM)

"Is this particular post aimed at me? "

No. Did I leave out the FR ?

But my major point is just what twist of the English language can call this "growth" ? Must be that Orwellian dialect.

T^T



Marini -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 1:29:07 PM)

quote:

ORIGINAL: Termyn8or

"Is this particular post aimed at me? "

No. Did I leave out the FR ?

But my major point is just what twist of the English language can call this "growth" ? Must be that Orwellian dialect.

T^T



No problemo T.
I also question all the bullshit rehetoric we have been fed this year such as: "the economy is getting better!", "we are experiencing economic growth" and "the recession is over".
What a crock of shit.
Thanks T



willbeurdaddy -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 3:41:59 PM)

Bernanke knows exactly why growth is so slow, he's a fucking expert on the Depression and knows that he and Obama have repeated the same mistakes. The "Gawwwllllyyyyy, I just dont know why" is political ass covering. He's told every goddam day of the week why nobody is investing, but it goes against his boss's agenda.



mnottertail -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 3:50:39 PM)

If we are hostage to corporations and a 'free market' economy, then we only need unshackle those corporations from special treatment and take their place in the american dream just like every other american. 



MasterSlaveLA -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 3:58:02 PM)

quote:

ORIGINAL: defiantbadgirl

The economy continues to sink because Republicans blocked the bill designed to end tax breaks for companies who outsource and provide incentives for bringing jobs back to the US.



This is FALSE!!!

1)  What you're referring to is the "Creating American Jobs and Ending Offshoring Act (S. 3816)"

2)  At the time of the vote (Sep 2010), the Dems held majorities in BOTH the House and the Senate -- with the Democrats holding 58 seats to the Republicans 42 seats, thus the Dems only needed TWO Republican votes to pass the Bill with 60 votes. Four Democrats voted AGAINST the Bill, and one didn't even vote!!! 

Source:  http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00242#state

4)  The Bill was NOT supported by: The National Association of Manufacturers, The National Foreign Trade Council, the U.S Chamber of Commerce, or TechAmerica.

5)  COMMENTARY AGAINST:

"The best thing Congress can do for Americans right now is lower - not raise - the cost of creating good jobs... This bill would raise taxes on the very job creators that we hope will hire out-of-work Americans, which makes no sense, especially in the middle of a recession."

Source: http://www.washingtonpost.com/wp-dyn/content/article/2010/09/28/AR2010092802768.html

"This is not the first time such an anti-outsourcing bill has been placed and it will definitely not be the last time. Such bills will be introduced by politically-motivated US politicians looking at the November election"

"Pradeep Udhas, executive director and head of IT advisory at KPMG, said that India has to prepare to deal with protectionism since factors like ageing population and a sagging economy in the US will put pressure on the job markets. This will force US companies to lay off and reduce workforce, leading to discontent, and politicians will speak the language of the masses."

"The proposed bill was going to penalise companies that outsourced and incentivised those that don't go through tax breaks. But, the proposed tax breaks would not have matched the quantum of savings outsourcing provides. Hence, the companies won't see any sense at all"

"Replacing a job that is based in another country with a US-based job does not stimulate economic growth or enhance the competitiveness of American worldwide companies. The bill would also significantly curtail deferral, reversing long-standing tax policy and subjecting American worldwide companies to immediate double taxation on the earnings of their foreign subsidiaries"


Source: http://articles.economictimes.indiatimes.com/2010-09-30/news/27591495_1_anti-outsourcing-bill-anti-offshoring-end-offshoring-act/2


So please stop advancing the notion that the Republicans are in favor of "outsourcing jobs" when the facts do not support this FALSE premise/allegation.



MasterSlaveLA -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 4:07:05 PM)

See the following as proof...


[image]local://upfiles/687741/64B1D48E7B8B4F3A8AFB0416BADE7E48.jpg[/image]



Marini -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 9:01:48 PM)

quote:

ORIGINAL: willbeurdaddy

Bernanke knows exactly why growth is so slow, he's a fucking expert on the Depression and knows that he and Obama have repeated the same mistakes. The "Gawwwllllyyyyy, I just dont know why" is political ass covering. He's told every goddam day of the week why nobody is investing, but it goes against his boss's agenda.


This recession/ depression path we are on, started years ago, things were bad when President Obama was elected.
This train has been coming off the track for YEARS, back to the days of President Reagan.

President Obama inherited this fucking nightmare, he did not cause it, and the Republicans don't a have any damn viable method for solving anything.

How can the people that caused this fucking problem, fix it????



Attendantdick -> RE: Fed gloomier about the economy/ like we didn't already know this? (6/23/2011 9:11:00 PM)

I don't think the economy will improve for many years, and inflation of consumer items will increase.



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