Page 48 of 145 FirstFirst ... 3846474849505898 ... LastLast
Results 471 to 480 of 1443

Thread: U.S. Jobless Rate Unexpectedly Declines to 8.6%

  1. #471
    Sage

    Donc's Avatar
    Join Date
    Sep 2007
    Location
    out yonder
    Last Seen
    12-06-17 @ 09:26 PM
    Gender
    Lean
    Slightly Liberal
    Posts
    9,426

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    And you claim to have run a business!

    Buggy whip.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

  2. #472
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 04:00 AM
    Gender
    Lean
    Conservative
    Posts
    16,738

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Yeah I looked at it and I noticed something very peculiar. The adjusted amounts are lower than the actual amounts. In other words, they are using the increases in inflation via cranking the printing presses to show a gamed decrease when adjusted. Id hate to think anyone would try to say with a straight face that spending decreased under Obama. Thats farcical on the face of it.

    You have to be kidding me with those numbers, they are a joke.

  3. #473
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    AFAIK it is common practice to adjust for inflation, which, in any case, is very low.

  4. #474
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 04:00 AM
    Gender
    Lean
    Conservative
    Posts
    16,738

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    *1 the vast majority of subprime was issued by non-CRA banks;
    * 2what little subrime regulated banks did issue strongly outperformed non-regulated loans;
    * 3no one had to twist the banks arms to give out loans; they were giving them to anyone who breathed (and I'm sure some who didn't).
    1. Thats not important. The percentage of failures is whats important. CRA driven loans had a substantially higher fail rate.
    2. Not true. Did you read the article I cited? WaMu wrote $1 billion and caved. BofA showed the 3% of CRA regulated loans were causing 29% of their loan failures. You can twist the metrics to make it appear that CRA regulated banks and loans did perform better but reality is that did not.
    3. Again reading comprehension---if you mandate targets for fed prime rates, banks will comply.

    Stop relying on sources based only in government (which wants more than anything to sweep this under the rug) and far left sites that want to blame it on the right. Look at sites that truly want to understand the root causes and avoid them in the future. Which you decidedly are not doing.

    My last point would be along these lines...if the CRA didnt cause the housing bubble and subsequent failure, what exactly did?
    Dont go for predatory lending, being able to bundle loans to GSEs was part and parcel of the CRA scheme so banks had somewhere to dump loans.
    Go look at a comparison of the pricing index versus home prices and you will see exactly when it leaps off and why the correction is taking so long.

  5. #475
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 04:00 AM
    Gender
    Lean
    Conservative
    Posts
    16,738

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    AFAIK it is common practice to adjust for inflation, which, in any case, is very low.
    LOL...3091 adjusted to 2392. Thats a 22% adjustment. Along those lines they adjusted 2.6 trillion off Obamas debt in that chart. I think Ill just call shenanigans, seems like someone cooked the numb....oh wait its based on government figures isn't it? Of course its cooked.


    -

  6. #476
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by OpportunityCost View Post
    1. Thats not important. The percentage of failures is whats important. CRA driven loans had a substantially higher fail rate.
    That is absolute bull****. The exact opposite is true, as mentioned in several of the reports linked above.

    2. Not true. Did you read the article I cited? WaMu wrote $1 billion and caved. BofA showed the 3% of CRA regulated loans were causing 29% of their loan failures. You can twist the metrics to make it appear that CRA regulated banks and loans did perform better but reality is that did not.
    Umm, you can't compare CRA regulated to non-CRA regulated by looking only at CRA regulated loans. I should think that's fairly obvious. Bofa's real problem is that it took over Countrywide -- a non-regulated lender that issued FAR more, and far worse, subprime loans.

    3. Again reading comprehension---if you mandate targets for fed prime rates, banks will comply.
    I have no idea what you're on about there. It has nothing to do with my point No. 3, which is that, with or without CRA, virtually anyone could get a subprime mortgage. The government didn't have to twist arms to get lenders to lend to poor folks. Private lenders were begging them to take out mortgages.

    Stop relying on sources based only in government (which wants more than anything to sweep this under the rug) and far left sites that want to blame it on the right. Look at sites that truly want to understand the root causes and avoid them in the future. Which you decidedly are not doing.
    Well, I've posted four good sources up until now while you're relying on a single article from a pro-business, pro-banking magazine. I think you'll get a clearer picture of the true situation if you don't swallow the bankers' line of bull**** whole.

    My last point would be along these lines...if the CRA didnt cause the housing bubble and subsequent failure, what exactly did?
    Dont go for predatory lending, being able to bundle loans to GSEs was part and parcel of the CRA scheme so banks had somewhere to dump loans.
    Go look at a comparison of the pricing index versus home prices and you will see exactly when it leaps off and why the correction is taking so long.
    There's no real mystery here. The bubble was created by a whole chain of interrelated events:

    * loose money supply and large tax cuts create lots of liquidity;
    * bank/insurance/derivatives deregulation provides a means for lenders to bust up loans and move them off their books, thus removing any incentive to perform due diligence;
    * wrong-headed regulation of credit ratings firms creates financial incentive to issue ratings favorable to corporations, allowing junk-quality debt to be rated AAA;
    * comptroller of the currency intercedes to prevent states from enforcing predatory lending laws;
    * virtually no regulation of mortgage and real estate broker industry.

    It was a recipe for disaster and CRA had nothing at all to do with it.

  7. #477
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by OpportunityCost View Post
    LOL...3091 adjusted to 2392. Thats a 22% adjustment. Along those lines they adjusted 2.6 trillion off Obamas debt in that chart. I think Ill just call shenanigans, seems like someone cooked the numb....oh wait its based on government figures isn't it? Of course its cooked.


    -
    Ah, I thought you said they were just adjusting for inflation?

  8. #478
    Sage
    OpportunityCost's Avatar
    Join Date
    Jan 2011
    Last Seen
    Today @ 04:00 AM
    Gender
    Lean
    Conservative
    Posts
    16,738

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by AdamT View Post
    Ah, I thought you said they were just adjusting for inflation?
    No the chart did. YOU did. I did not.

  9. #479
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by OpportunityCost View Post
    No the chart did. YOU did. I did not.
    My mistake.

  10. #480
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 12:26 PM
    Gender
    Lean
    Libertarian
    Posts
    41,547

    Re: U.S. Jobless Rate Unexpectedly Declines to 8.6%

    Quote Originally Posted by Conservative View Post
    You really have no idea what you are talking about as apparently your youth prevents you from knowing what Reagan inherited. It does appear that like far too many you will do anything to divert from the Obama record and I don't blame you. What you failed to recognize is that Reagan economy generated 17 million jobs, doubled GDP, and had a 60% increase in Income Tax revenue. Interesting how you tell only part of the story.
    And we all know that Obama inherited a booming economy and a balanced budget.

    What's all the debate about the president? Since when did either Reagan or Obama spend a dime without the approval of Congress?
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

Page 48 of 145 FirstFirst ... 3846474849505898 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •