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Thread: Stocks pile on losses amid worries on economy

  1. #31
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Gill View Post
    Yes, that's right. Today's major drop was propelled in large part over concern about the U.S. economy. Do you think that analysts failed to consider the fact that instead of providing additional stimulus, we will instead be cutting spending and thus suppressing employment and GDP? Get real.

    [EDIT: the Dow is now down almost 400 points. All a reaction to better-than-expected jobs report?]
    Last edited by AdamT; 08-04-11 at 03:29 PM.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    Yes, that's right. Today's major drop was propelled in large part over concern about the U.S. economy. Do you think that analysts failed to consider the fact that instead of providing additional stimulus, we will instead be cutting spending and thus suppressing employment and GDP? Get real.

    [EDIT: the Dow is now down almost 400 points. All a reaction to better-than-expected jobs report?]
    ...we don't have the money to do another stimulus. We've got $14 trillion in debt, we're borrowing over GDP, and half of everything we spend is via borrowing. We cannot afford another $2 trillion or more in money that didn't have much affect the first time it was used.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by tessaesque View Post
    ...we don't have the money to do another stimulus. We've got $14 trillion in debt, we're borrowing over GDP, and half of everything we spend is via borrowing. We cannot afford another $2 trillion or more in money that didn't have much affect the first time it was used.
    We certainly can borrow more money to do another stimulus. Treasury yields are ridiculously low because there is a huge demand for U.S. debt. Borrow more now -- cut more later. It isn't that complicated.

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    Re: Stocks pile on losses amid worries on economy

    As it stands now, the panic in the markets make zero sense... oil AND gold are down considerably last I looked as well as the markets.. and all that because of a made up problem with Italy? I smell a rat.. someone is successfully influencing the markets in a negative way... and as they say... follow the money... who ever made a bundle the last few weeks... there you have your problem.
    PeteEU

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    Re: Stocks pile on losses amid worries on economy

    NEW YORK (CNNMoney) -- U.S. stocks plunged on Tuesday as fears about a weak U.S. economy were enflamed after investors got another disappointing economic report - this time on consumer spending.

    So for those who say that we have taken the correct route to righting the economy, how has creating inflation improved consumer spending?

    Why did we create inflation? To make sure that Wall Street was profitable and to negate some of our massive debt. How is that working out? How is creating even more debt going to solve any of this?

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    We certainly can borrow more money to do another stimulus. Treasury yields are ridiculously low because there is a huge demand for U.S. debt. Borrow more now -- cut more later. It isn't that complicated.
    Do you not understand how bad off we are because of borrowing? We already borrow 50% of what we spend. We are borrowing OVER GDP. Borrowing even more would be like taking a 4th mortgage out on your house when you're not paying the first 3 down.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by PeteEU View Post
    As it stands now, the panic in the markets make zero sense... oil AND gold are down considerably last I looked as well as the markets..
    Oil quit it's climb after the government ended QE2. A welcomed relief for the people on the street.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    NEW YORK (CNNMoney) -- U.S. stocks plunged on Tuesday as fears about a weak U.S. economy were enflamed after investors got another disappointing economic report - this time on consumer spending.

    So for those who say that we have taken the correct route to righting the economy, how has creating inflation improved consumer spending?

    Why did we create inflation? To make sure that Wall Street was profitable and to negate some of our massive debt. How is that working out? How is creating even more debt going to solve any of this?
    You do realize that inflation is extremely low by historical standards, right?

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by tessaesque View Post
    Do you not understand how bad off we are because of borrowing? We already borrow 50% of what we spend. We are borrowing OVER GDP. Borrowing even more would be like taking a 4th mortgage out on your house when you're not paying the first 3 down.
    Yes, I do realize that. But you do not improve the debt situation by letting the country fall back into recession. That only make the situation worse in the short and long term.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by AdamT View Post
    You do realize that inflation is extremely low by historical standards, right?
    Inflation is extremely low based upon current standards. Based upon historical standards it was far higher. I'll have to find the link later but I believe the numbers at it's peak recently inflation measured the same way we measured it in 1978 was around 10%.

    On top of that one has to take into consideration the depressed housing market has had on the inflation numbers.
    Last edited by 1Perry; 08-04-11 at 04:05 PM.

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