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Thread: US economy adds 288,000 jobs in June

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    Hey, I'm open for a real debate, but, like I said:

    I won't bother reading it because you didn't provide links or use unbiased facts.

    Your source is clearly biased to an extremely excrable prestidigital sense.
    Of course I provided links...it's right in my post...at the bottom.

    It links to the source where there are links from unbiased sources for every stat I posted...so no idea what you are going on about with that.

    Here it is again:

    http://www.debatepolitics.com/econom...post1061850091

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    Of course I provided links...it's right in my post...at the bottom.

    It links to the source where there are links from unbiased sources for every stat I posted...so no idea what you are going on about with that.

    Here it is again:

    http://www.debatepolitics.com/econom...post1061850091
    All you did was equate a relatively small POST-WAR RECESSION IS WHAT HAPPENS WHEN YOU EXIT A GLOBAL DAMN WAR

    To a Great Depression brought on by over-speculation and re-entry of European farming products into the global market (plus a dust bowl from over-exploitation of resources)

    Let me try a THIRD Time.

    Hey, I'm open for a real debate, but, like I said:

    I won't bother reading it because you didn't provide links or use unbiased facts.

    Your source is clearly biased to an extremely excrable prestidigital sense.

    (Addendum: Or obviously flawed misinterpretations a first year student of economics could see.)

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    All you did was equate a relatively small POST-WAR RECESSION IS WHAT HAPPENS WHEN YOU EXIT A GLOBAL DAMN WAR

    To a Great Depression brought on by over-speculation and re-entry of European farming products into the global market (plus a dust bowl from over-exploitation of resources)

    Let me try a THIRD Time.

    Hey, I'm open for a real debate, but, like I said:

    I won't bother reading it because you didn't provide links or use unbiased facts.

    Your source is clearly biased to an extremely excrable prestidigital sense.

    (Addendum: Or obviously flawed misinterpretations a first year student of economics could see.)
    First, the 1920/21 depression could have been handled by stimulus...but the governments of the day chose austerity...they appeared to choose right.

    And the Hoover/FDR administrations could have chosen austerity to handle the Great Depression, but they chose massive stimulus/government intervention.

    And IMO, they chose wrong..big time.

    In short - Hoover/FDR handling of Great Depression+ (1930-40/41)...national debt triples, DOW barely reaches 1/2 of it's pre-crash level and unemployment is 5 times worse (in 1939) then it's pre-crash level.

    Wilson/Harding handling of 1920/21 Depression...national debt is cut by roughly 20%, both DOW and unemployment levels are back to near pre-crash levels within 3 1/2 years.


    Do you dispute any of the statistics in the highlighted portion are generally accurate?


    Btw, no idea how your last part relates to this discussion since you provided no links or stats to back up your opinions and I provided links from unbiased sources to EVERY stat I listed.
    Last edited by DA60; 07-04-14 at 03:32 PM.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    First, the 1920/21 depression could have been handled by stimulus...but the governments of the day chose austerity...they appeared to choose right.

    And the Hoover/FDR administrations could have chosen austerity to handle the Great Depression, but they chose massive stimulus/government intervention.

    And IMO, they chose wrong..big time.

    In short - Hoover/FDR handling of Great Depression+ (1930-40/41)...national debt triples, DOW barely reaches 1/2 of it's pre-crash level and unemployment is 5 times worse (in 1939) then it's pre-crash level.

    Wilson/Harding handling of 1920/21 Depression...national debt is cut by roughly 20%, both DOW and unemployment levels are back to near pre-crash levels within 3 1/2 years.


    Btw, no idea how your last part relates to this discussion since you provided no links or stats to back up your opinions and I provided links from unbiased sources to EVERY stat I listed.
    It's a generally accepted fact today that past interpretations were Wrong.

    Hey, with Statistics I can prove increased ice cream consumption leads to Higher Murder Rates. Doesn't make it true.

    Most economists now accept that the main dip in the Great Depression was from slacking economic stimulus (plus ditch digging it just Stupid, frankly)

    Wilson/Harding DID make the correct choice.

    Why?

    Because the economy needed to shift into a new post-war economic equilibrium. I never argued against that.

    I'm not providing links, because to be candid, I don't consider you worth the time.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    It's a generally accepted fact today that past interpretations were Wrong.

    Hey, with Statistics I can prove increased ice cream consumption leads to Higher Murder Rates. Doesn't make it true.

    Most economists now accept that the main dip in the Great Depression was from slacking economic stimulus (plus ditch digging it just Stupid, frankly)

    Wilson/Harding DID make the correct choice.

    Why?

    Because the economy needed to shift into a new post-war economic equilibrium. I never argued against that.

    I'm not providing links, because to be candid, I don't consider you worth the time.
    And most economists completely missed the housing crash (even though a nobody like me saw it coming - as did many people - years before it arrived)...most economists don't know **** about macroeconomics, IMO.

    I don't care about opinions from 'economists' - if I had, I would have listened to them and not liquidated my portfolio in late summer '07 and gotten burned like most others did.

    I care about facts/stats from unbiased sources.

    So far, I have provided them to back up my statements and you have provided none to back up yours.


    A little friendly advice...if you want to not get burned in investments, never listen to economists/experts...do your own research.

    You might still get hurt, but the fault will be yours and not those macroeconomic ignoramuses who mostly pass for 'economists'...including those at the Fed (who also failed to see the INCREDIBLY obvious housing crash coming even when it had already started).

    http://www.reuters.com/article/2013/...90H13Q20130118
    Last edited by DA60; 07-04-14 at 03:42 PM.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    And most economists completely missed the housing crash (even though a nobody like me saw it coming - as did many people - years before it arrived)...most economists don't know **** about macroeconomics, IMO.

    I don't care about opinions from 'economists' - if I had, I would have listened to the and not liquidated my portfolio in late summer '07 and gotten burned like most others did.

    I care about facts/stats from unbiased sources.

    So far, I have provided them to back up my statements and you have provided none to back up yours.


    A little friendly advice...if you want to do well in investments, never listen to economists/experts...do you own research.
    You do know Economic think tanks were bought by Bank Lobbyists and other Special Interest Groups, Right?

    "A little friendly advice...if you want to do well in investments, never listen to economists/experts...do you own research. "


    This is Literally the most Sagacious thing you've ever written. Honestly, no sarcasm at all.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Buddha C View Post
    You do know Economic think tanks were bought by Bank Lobbyists and other Special Interest Groups, Right?

    "A little friendly advice...if you want to do well in investments, never listen to economists/experts...do you own research. "


    This is Literally the most Sagacious thing you've ever written. Honestly, no sarcasm at all.
    Thank you.

    And that is literally the first time I recall reading the word 'sagacious'.

    Lol.

    I thought you were insulting me until I looked it up.

    Your vocabulary is clearly superior to mine.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by DA60 View Post
    Thank you.

    And that is literally the first time I recall reading the word 'sagacious'.

    Lol.

    I thought you were insulting me until I looked it up.
    Listen, we agree on something very important.

    You cannot trust the experts entirely.

    Why do you think I'm a Socialist?

    Because I read Gailbraith, the Great Worldly Philosphers, studied the IMF Crisis, the 1998 Ruskie Fin. Crisis, the IMF-instigated Malawai famine, the Savage Capitalism of 19th century Central America, the economic conditions leading up to the conflagrations of the (except Guetamal where it was since, iirc 50s or 60s) 80s in war and fratricide (Central America), Pre-39 Nazi Germany, A Monetary History of the United States by Friedman and was able, due probably to luck or some other element of my personality, to read between the lines and see things for what they really were.

    If I'm at the top, I'm going to push everyone else down.

    It's nearly ALL about Relatively.

    The more people at the top, or near the top, the lesser the disparity of Power I have.

    It's only HUMAN, for the Rich to push those below them and keep them down. I would do it too, if I wasn't so well versed in the History of Exploitation and part of a "race" derived from rape and immiseration.
    Last edited by Buddha C; 07-04-14 at 03:49 PM. Reason: added Pre-39 Nazi Germany and Friedman

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    Re: US economy adds 288,000 jobs in June

    Oh and Douglas C. North's The Economic Growth of the United States: 1790-1860

    Fantastic ****ing book. I recommend EVERYONE read it at least once. It's understandable and elucidates the historic preference of unfettered Capitalism to have a perniciously short-term time horizon of benefit and profit.

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    Re: US economy adds 288,000 jobs in June

    Quote Originally Posted by Glen Contrarian View Post
    So...if tax cuts are wonderful for an economy and tax hikes are so detrimental to an economy, how is it then that the longest streak of positive private-sector job growth on record (before the current streak under Obama) followed the tax HIKES by Bush 41 and Clinton?
    It wasn't cause and effect. The private sector growth was fueled by the internet, not tax increases.

    You ask why we added 9M jobs under Bush (and Obama's added more than that in less time, btw) - I reply with the fact that we were in a war...and economies normally expand in a war.
    Sounds like we completely ignored the current high unemployment rate.

    What brought us out of the Depression?
    Full employment

    But why do wars cause economies to expand?
    Full employment.

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