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Thread: US economy creates 243,000 jobs in January

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Kushinator View Post
    My point flew right over your head.
    You make no points, just pontificate book smart theory ignoring reality and street results.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by StillBallin75 View Post
    Which is entirely true, btw. The recession is not affecting all states equally.

    Why is that in your view. Being from Maryland myself, only recently moving to SC, I know that the two states are worlds apart in terms of cost, and quality of living.


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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Conservative View Post
    You make no points, just pontificate book smart theory ignoring reality and street results.
    "book smart theory" is a meaningless term you spew as a means of alleviating yourself from being properly informed about issues you obsessively discuss. Do not blame me for your lack of effort.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by j-mac View Post
    Why is that in your view. Being from Maryland myself, only recently moving to SC, I know that the two states are worlds apart in terms of cost, and quality of living.


    j-mac
    The recession was largely the result of the real estate bubble and subsequent bust. States that experienced less of a bubble are generally in better shape than states that saw huge bubbles.

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    The recession was largely the result of the real estate bubble and subsequent bust. States that experienced less of a bubble are generally in better shape than states that saw huge bubbles.

    Real estate had definately a card to play in pushing it over the edge, however, I would say that many more factors played into this currrent climate.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by AdamT View Post
    The recession was largely the result of the real estate bubble and subsequent bust. States that experienced less of a bubble are generally in better shape than states that saw huge bubbles.
    States that felt less impact from the real estate crisis did not realize massive losses in net wealth. It is wealth (not income) that drives domestic investment.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: US economy creates 243,000 jobs in January

    When the value of the dollar crashes, it wont be the fault of only one corrupt politician. Such thinking is idiotic. There are many people to blame on BOTH sides. And the very fact that two polarized sides exist is no accident. Why can't people see that this is being done as a distraction???
    “In politics, stupidity is not a handicap.” -Napoleon

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by evanescence View Post
    When the value of the dollar crashes, it wont be the fault of only one corrupt politician. Such thinking is idiotic. There are many people to blame on BOTH sides. And the very fact that two polarized sides exist is no accident. Why can't people see that this is being done as a distraction???
    The dollar is incapable of "crashing" because it is the world reserve currency. Therefore, every nation that is heavily invested in dollar denominated assets will continue to support the dollar by means of either monetary intervention (as the Chinese do) or via continued purchases in U.S. dollar denominated assets (as do all nations with a positive current account with the U.S.).

    You can refer to this as the "financial dark matter" that keeps everything glued.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by Kushinator View Post
    The dollar is incapable of "crashing" because it is the world reserve currency. Therefore, every nation that is heavily invested in dollar denominated assets will continue to support the dollar by means of either monetary intervention (as the Chinese do) or via continued purchases in U.S. dollar denominated assets (as do all nations with a positive current account with the U.S.).

    You can refer to this as the "financial dark matter" that keeps everything glued.
    It won't be long now before the dollar is demoted from that status. It has already been considered. Look into it.

    It's laughable. Americans think their unearned position at the top of the food chain will last indefinitely. But all things come to an end.
    “In politics, stupidity is not a handicap.” -Napoleon

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    Re: US economy creates 243,000 jobs in January

    Quote Originally Posted by evanescence View Post
    It won't be long now before the dollar is demoted from that status. It has already been considered. Look into it.
    It will require another nation with enough wealth to run persistent current account deficits to the extent that currency inflows to the said nation result in other economies to become heavily invested in assets denominated by this currency. Given its sheer population and resource availability, China and its currency look to replace the dollar as the world reserve once the mercantilist mentality ceases, and a domestic economy develops to the point where Chinese exports the RYB to a reserve status. But until that time, the U.S. will continue to maintain the reserve status.

    It's laughable. Americans think their unearned position at the top of the food chain will last indefinitely. But all things come to an end.
    Nonsense. You have proven to be ignorant in regards to international finance (specifically foreign exchange), and therefore have not offered a credible response.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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