Page 4 of 7 FirstFirst ... 23456 ... LastLast
Results 31 to 40 of 69

Thread: NASDAQ closes at highest level since 2000

  1. #31
    Guru
    Republic Now!'s Avatar
    Join Date
    Feb 2012
    Last Seen
    09-12-14 @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    2,671

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by Wiseone View Post
    None of the mainstream ones that for sure, and I'm not saying companies making profits is a bad thing or is not helping the economy. My point is that's not all there is to a recovery, the economy is already out of recession and is growing but unemployment is dropping much slower than the economy is growing. I'm just saying there's more to it than just companies making profits and stock markets climbing, its a common conservative argument that business drives the economy, which is certainly true, and that all we need to do is let business grow with less shackles(fewer restrictions, lower taxes) but there's more to it than that.

    Fair enough.
    One who makes himself a worm cannot complain when tread upon.

  2. #32
    Banned
    Join Date
    Jul 2009
    Location
    Ft. Campbell, KY
    Last Seen
    12-31-14 @ 08:37 PM
    Gender
    Lean
    Independent
    Posts
    12,177

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by specklebang View Post
    I paid $2.50 for a cup of coffee at IHOP last Sunday.

    When I was a teenager, in New York City, a cup of coffee was 5.

    I didn't say a cup of coffee would be $500 or $5000 dollars.

    Tell me true. Are you paying more for groceries since the printing presses fired up at QE1? Most people claim that has happened. I never go shopping so I don't know. I know the USG claims that there is NO inflation. Do you agree with that claim?

    (We're discussing economic policy, not politics)
    Some inflation is good, prices should go up over time because people should be making more money on average as the economy grows. What is really critical is purchasing power, in other words say you were working the same job for 30 years with no promotions or anything which cause you to automatically start making more money. Your income should still slowly creep up every year in pace with inflation so while you'll be making more in absolute dollars, you'll actually be making the same in terms of purchasing power so your standard of living should remain unchanged. All other things being equal over that time period of course.

  3. #33
    Banned
    Join Date
    May 2011
    Location
    Where they have FOX on in bars and restaurants
    Last Seen
    09-14-14 @ 02:09 PM
    Gender
    Lean
    Independent
    Posts
    14,700

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    I never said anything about why the market moved today. The analysts are saying it is two things- Europe and good jobs news. But that isn't really relevant. This is just the last step in a 3 long year march. The NASDAQ has more the DOUBLED in value since the bottom just six weeks after Obama took office.
    This has zip to do with obama or the American economy, if it was based on that and that alone the market would be at 2000

  4. #34
    #NeverTrump
    a351's Avatar
    Join Date
    Oct 2011
    Location
    Space Coast
    Last Seen
    09-09-17 @ 08:54 AM
    Gender
    Lean
    Centrist
    Posts
    6,902

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by specklebang View Post
    Tell me true. Are you paying more for groceries since the printing presses fired up at QE1? Most people claim that has happened. I never go shopping so I don't know.

    I know the USG claims that there is NO inflation. Do you agree with that claim?

    (We're discussing economic policy, not politics)
    Yes, but not by a large margin. BLS reports indicate that gains in food prices have been rather modest in the past 3 years, especially when compared to the remainder of the world. 1.8 percent for 2009, .8 percent in 2010, and 3.6 for the year 2011. Not egregious gains by any means.

    http://www.bls.gov/cpi/cpid09av.pdf

    http://www.bls.gov/cpi/cpid10av.pdf

    http://www.bls.gov/cpi/cpid11av.pdf

    Absolutely not, but inflation is resting below the historical average currently. I made the previous comment in jest seeing as some among us claimed that the first two rounds of easing would result in hyperinflation and economic ruin as well.

  5. #35
    Guru
    Republic Now!'s Avatar
    Join Date
    Feb 2012
    Last Seen
    09-12-14 @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    2,671

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by specklebang View Post
    It's all harmony here.

    Teamosil straightened me out on that inflation thingy and has ameliorated any concerns I had about poorly paid workers who haven't had raises in years bearing the weight of these profits.
    Inflation is good silly.

    It's a redistributive tool that takes money from the rich and gives to the poor. To assert that this somehow hurts the poor is absurd.
    One who makes himself a worm cannot complain when tread upon.

  6. #36
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: NASDAQ closes at highest level since 2000

    I just learned there hasn't been any inflation so my friends who never get raises are just bitching about nothing.

    As a retiree, I'm not really affected by these things directly so I depend on others commentary to get my perspectives of things like inflation and employment.

    I've heard so much complaining that I honestly thought there was inflation. My mistake and frankly I'm thrilled to learn this.

    Quote Originally Posted by Wiseone View Post
    Some inflation is good, prices should go up over time because people should be making more money on average as the economy grows. What is really critical is purchasing power, in other words say you were working the same job for 30 years with no promotions or anything which cause you to automatically start making more money. Your income should still slowly creep up every year in pace with inflation so while you'll be making more in absolute dollars, you'll actually be making the same in terms of purchasing power so your standard of living should remain unchanged. All other things being equal over that time period of course.

  7. #37
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by sawyerloggingon View Post
    This has zip to do with obama or the American economy, if it was based on that and that alone the market would be at 2000
    Ok, so you are taking the pretty questionable stance that presidents have no impact on the economy. Fair enough. Then you reject all the Republican attacks on Obama, right?

    Or do you think presidents affect the economy when you hear bad economic news and a Democrat is in office, but think they don't affect it when there is good economic news?
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

  8. #38
    Discount Philosopher
    specklebang's Avatar
    Join Date
    Jan 2012
    Location
    Las Vegas
    Last Seen
    06-05-14 @ 08:26 PM
    Lean
    Other
    Posts
    11,524

    Re: NASDAQ closes at highest level since 2000

    OK, so it's bad that there has been no inflation? I'm getting a little confused here.

    Quote Originally Posted by Republic Now! View Post
    Inflation is good silly.

    It's a redistributive tool that takes money from the rich and gives to the poor. To assert that this somehow hurts the poor is absurd.

  9. #39
    Banned
    Join Date
    May 2011
    Location
    Where they have FOX on in bars and restaurants
    Last Seen
    09-14-14 @ 02:09 PM
    Gender
    Lean
    Independent
    Posts
    14,700

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by teamosil View Post
    Ok, so you are taking the pretty questionable stance that presidents have no impact on the economy. Fair enough. Then you reject all the Republican attacks on Obama, right?

    Or do you think presidents affect the economy when you hear bad economic news and a Democrat is in office, but think they don't affect it when there is good economic news?
    I said the stock market surge today has nothing to do with our economy, I never said presidents don't effect the economy, nice try.

  10. #40
    Sage
    teamosil's Avatar
    Join Date
    Oct 2009
    Location
    San Francisco
    Last Seen
    05-22-14 @ 12:47 AM
    Gender
    Lean
    Liberal
    Posts
    6,623

    Re: NASDAQ closes at highest level since 2000

    Quote Originally Posted by sawyerloggingon View Post
    I said the stock market surge today has nothing to do with our economy, I never said presidents don't effect the economy, nice try.
    Ah, ok. Sorry, I misunderstood.

    Ok then, so you reject supply side economics. So you reject not just the conservative attacks on Obama, but the entire conservative economic position. Trickle down, Reaganomics, supply side economics, job creators, whatever you want to call it, that is what you are rejecting. Yes?
    Total tax rates- People living in poverty: 16.2%. The median American: 27%. Working people who make over $140k/year: 31%. The top 1%: 30%. Super rich investors: around 15%. Help the democrats retake the house.

Page 4 of 7 FirstFirst ... 23456 ... 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
  •