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Thread: Stocks pile on losses amid worries on economy

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Objective Voice View Post
    So, yeah, pretty awesome performance. It has doubled since it's low just 6 weeks after Obama took office.
    All while putting more people in the unemployment line. Way to get your priorities where they belong.

    QE2 had one undeniable effect though. It caused investors to go crazy with misconception. And much of this was implemented with borrowed dollars. NYSE margin debt soared throughout the program and declined by $10MM for the first time in June in anticipation of the program’s end. That loud sucking sound you heard in the market Wednesday was the margin calls that these traders are now receiving.

    Margin Debt Declines With the End of QE2 - Seeking Alpha

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Objective Voice View Post
    How do you figure that?
    I've done this 4-5 times today alone. QE causes inflation. Gas and food goes up. People spend what money they have on gas and food at the cost of the rest of the economy. Businesses don't hire.

    Wall Street didn't take this windfall and invest it in jobs. They invested it in commodities. They will do the same with QE3. Wait until gas hits $4.50.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    Oh well, guess I'll be working til I'm 75 at this rate.
    You'll likely never retire with social security or medicare. It wont be there.

    Quote Originally Posted by Oberon View Post
    Big drop, but the bigger ones are still going to hit from 2012 t0 2014, when a massive amount of corporate debt from LBO's and all those 'private equity' deals come due; they dwarf the government debt, and of course some 30 years of a tax code that rewards financial speculation and stock market gambling over real investment, coupled with outsourcing high productivity jobs while at the same time population increase is far outstripping job creation, is reaching it's 'logical' conclusion. The government has been lying about real GDP and the real inflation rates for a long time now, and it's getting increasingly hard to kick that can down the road, to steal a popular meme going around.

    !2% of the crop land in the U.S. is also under extreme drought conditions as an added 'bonus'.
    Quoted for truth.
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by evanescence View Post
    Quoted for truth.
    One also has to add in the coming end to many unemployment benefits and the fact that there is still a huge inventory of empty houses. But the problem is that Wall Street isn't growing fast enough I suppose.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by teamosil
    So, yeah, pretty awesome performance. It has doubled since it's low just 6 weeks after Obama took office.
    First off, while the above quote is true, I can't take credit for it. It was teamosil who said it, not me.

    Second...

    Quote Originally Posted by 1Perry View Post
    All while putting more people in the unemployment line. Way to get your priorities where they belong.
    You need to be saying this to the GOP! They are the ones whose actions at the state and federal levels have forced people into the unemployment lines. Even now their irresponsibility in the debt limit debates are costing American jobs!! It's a shame folks who think as you do can't see that!!! Granted, the unemployment numbers haven't improved all that much since the President has been in office, but even you have to admit that there has been private sector job growth under this president. Even you have to admit that until recently unemployment had been holding at or around 9.3%. And now look at what's happening.

    You guys want to lay this on the President!?! Nope!!! Had the GOP agreed to a clean debt limit from the start none of this would be happening right now. If the GOP hadn't been so eager to clear up state budgets by forcing public employees out of work, the unemployment numbers likely wouldn't have increased as they have. If GOP Governors had just used the Stimulus money to actually create jobs, our nation's economy might actually have improved significantly.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Red Crow View Post
    TWO FACED NoBAMA WENT TO CHICAGO FOR A FUND RAISER MINGLING WITH THE RICH CORPORATE JET OWNERS, THE SAME PEOPLE WHO HE PUT DOWN AND COMPLAINED ABOUT, WHILE ALL THESE BAD NEWS IS GOING ON. WHAT A LEADER!!!!
    God, you are almost the worst partisan hack on here.

    If Obama wrote an "R" after his name, you'd be telling us how the economy is fine.


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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    When buying less, more people get laid off. No?
    Yes

    But you seem to ignore the probability of even higher unemployement without QE in the first place. The debt created, did allow for money to be put into the economy, keeping up demand that would not have existed. The problem being it is pulling demand from the future to the present of course

    So without QE, people would have bought less, and more people would have been laid off
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Objective Voice View Post
    You need to be saying this to the GOP! They are the ones whose actions at the state and federal levels have forced people into the unemployment lines. Even now their irresponsibility in the debt limit debates are costing American jobs!! It's a shame folks who think as you do can't see that!!! Granted, the unemployment numbers haven't improved all that much since the President has been in office, but even you have to admit that there has been private sector job growth under this president. Even you have to admit that until recently unemployment had been holding at or around 9.3%. And now look at what's happening.
    For the billions upon billions we have spent, surely we would get a little of something in the way of jobs. Any imbecile with billions of dollars at his disposal can create some jobs.

    What's happening? We are broke. We no longer have billions to create a handful of jobs.

    You guys want to lay this on the President!?! Nope!!! Had the GOP agreed to a clean debt limit from the start none of this would be happening right now. If the GOP hadn't been so eager to clear up state budgets by forcing public employees out of work, the unemployment numbers likely wouldn't have increased as they have. If GOP Governors had just used the Stimulus money to actually create jobs, our nation's economy might actually have improved significantly.
    I've said it over and over that it's not all Obama's fault. I'm not sure how your accusations make you any different than those you complain about.

    If we ony had unlimited money for the government to spend all would be rosy. When are you going to start demanding that Obama collect the billions that GOldman Sachs owes us?

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Lord Tammerlain View Post
    Yes

    But you seem to ignore the probability of even higher unemployement without QE in the first place.
    Explain to me how it's created jobs. I've explained how it costs jobs and you've agreed.

    The debt created, did allow for money to be put into the economy, keeping up demand that would not have existed. The problem being it is pulling demand from the future to the present of course

    So without QE, people would have bought less, and more people would have been laid off
    "People" have not benefitted from QE. Wall Street has and those who have supported QE have only bitched and moaned that those profiting are sitting on the money as opposed to helping the economy. No?

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    Explain to me how it's created jobs. I've explained how it costs jobs and you've agreed.



    "People" have not benefitted from QE. Wall Street has and those who have supported QE have only bitched and moaned that those profiting are sitting on the money as opposed to helping the economy. No?
    QE has kept interest rates low. Lower interest rates allow businesses to borrow on the cheap and they are about the only thing motivating the moribund housing/construction industry. They have also allowed the dead-in-the-water banking system to stay in business. All of these things contribute to the overall health of the economy and therefore the employment situation.

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