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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 1Perry View Post
    Bernie is afraid of his own shadow. So the arguement goes, we must create inflation because we are so far in debt and then we need to add to this debt?
    Not so much add to the federal debt but engage in QE 3-8
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    ...So the arguement goes, we must create inflation because we are so far in debt and then we need to add to this debt?
    That, and other stuff. Deflation tends to disentivise investment. Deflation tends to disentivise consumption.

    So some controled inflation not only makes it easier for debtors (individuals, companies, and governments) to repaid their debts, it also the grease tat keeps our economic wheels turning.

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    Re: Stocks pile on losses amid worries on economy

    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'.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Lord Tammerlain View Post
    Not so much add to the federal debt but engage in QE 3-8
    Sure, put more people out of work. That's going to help the debt.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by imagep View Post
    That, and other stuff. Deflation tends to disentivise investment. Deflation tends to disentivise consumption.

    So some controled inflation not only makes it easier for debtors (individuals, companies, and governments) to repaid their debts, it also the grease tat keeps our economic wheels turning.
    Yes, well, deflation is inevitable when wages have been stagnating, down to about a third of 1972 buying power. Good luck trying to maintain asset inflation indefinitely; so far housing is going no where, and it was the primary leader out the last two recessions, only they were bubbles, not real growth.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by imagep View Post
    That, and other stuff. Deflation tends to disentivise investment. Deflation tends to disentivise consumption.
    Investments should be based upon creating something, not in how much more expensive we can make something.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    Sure, put more people out of work. That's going to help the debt.
    People were going to be put out work with or without QE, I expect that fewer were put out of work with it, with the problem that what money they were getting would buy less
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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by Lord Tammerlain View Post
    People were going to be put out work with or without QE, I expect that fewer were put out of work with it, with the problem that what money they were getting would buy less
    When buying less, more people get laid off. No?

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by teamosil View Post
    350 points is not a big drop. Fluctuations like that happen every day. So the panic is misplaced.
    WRONG! Large swings in the markets DON'T happen like this every day. You may see a rise or drop of a few points here or there, but NOT -512 pts in a 24-hour period! The last time the Dow hit this low mark was 12/06/10. And just so we understand what's happening here, the lowest the DOW has been over the last 12-months was 10,059 on or about 8/26/10. Since that date, the DOW had been slowing climbing upward. It didn't start trending downward until 7/22/11 - right about the time Speaker Boeher called off debt limit negotiations w/the President and Tea Partiers dug in on their position of spending cuts and a balanced budget amendment.

    From theHill.com:

    After Thursday, the Dow had lost over 1,200 points since July 25, the first day of trading after talks between President Obama and Speaker John Boehner (R-Ohio) on a big debt deal broke off.
    You can test my claim by going to CNBC.com and using their interactive stock market graphic using the 1, 3 or 5-year grids.

    So, America, you can blame the GOP/Tea Party for the billions of U.S. dollars our economy has lost since 7/22/2011.

    So, yeah, pretty awesome performance. It has doubled since it's low just 6 weeks after Obama took office.
    I'd give him credit where credit is due; atleast actions neither by himself nor of his Administration caused the markets to take a nose dive. If anything despite all the negative complaints of the President and his Administration by the GOP since he came into office, he has not done anything to cause the markets to tank like this!!!
    Last edited by Objective Voice; 08-04-11 at 10:49 PM.

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    Re: Stocks pile on losses amid worries on economy

    Quote Originally Posted by 1Perry View Post
    Sure, put more people out of work. That's going to help the debt.
    How do you figure that?

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