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Wall Street celebrates historic rate hike [W:78]

Re: Wall Street celebrates historic rate hike

Astrodome said:
Because of the collapse of our economy (under GOP President George Bush) millions of Americans became unemployed and our economy went into a recession. President Obama took over and immediately made changes and investments into our economy and it has grown ever since...........Can't make the same Republican mistake again......(Bush 1 / Economy slumped) (Clinton / economy improved (surplus)....... (Bush 2 / Economic recession) (Obama / Economy on the rise (To be continued)......
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history revisionism must be great unless you look at facts.

bush1. the economy was already starting to recover before he left office it just didn't recover fast enough.
Clinton didn't do anything but inherited an already upswing economy and then at the end of his term a recession hit.
bush2 inherited a left over recession from Clinton. not to mention 911 and several major accounting scandals that rocked the market.
then came the housing boom crisis caused by the democrat protected GSE's.
Obama did garbage to get the economy going and in fact did more to hurt it than help it.
despite that fact and all of his massive regulation costing businesses billions of dollars.

the economy continues to grow. thanks to the republican congress that has stopped a lot of Obama's economic damaging idea's.
 
Re: Wall Street celebrates historic rate hike

Astrodome said:
Our economy was improving prior to Republicans taking over Congress and their attempts to defund America......But, good attempt to spin it :)
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"Defund America". Damn your posts make you look really silly.

You still haven't said how the Fed increasing the bank to bank lending rate is bad "new" for the Republicans.
 
Re: Wall Street celebrates historic rate hike

David_N said:
What are you talking about? :lol:
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What I mean is you're more concerned about perpetuating your twisted ideology than offering up a accurate economic analysis that would include acknowledging the plight of tens of millions of Americans that have been struggling since 2008.

The Millions of Americans that have been added to the foodstamp roles, the millions of new welfare recipients don't exist to the left.

Perpetuating a false narrative that we're experiencing a " recovery." is priority because a honest analysis is Politically threatening.

You people have been doing this since 2009 so you might want to refrain from accusing ANYONE of misrepresnting data
 
Re: Wall Street celebrates historic rate hike

tres borrachos said:
I didn't say anything about you "complaining".

You said it already increased. How so? This just happened yesterday and the Dow closed only 220+ points up.
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mutual funds more than likely and that 220 jump helped a good bit.
 
Re: Wall Street celebrates historic rate hike

Fenton said:
What I mean is you're more concerned about perpetuating your twisted ideology than offering up a accurate economic analysis that would include acknowledging the plight of tens of millions of Americans that have been struggling since 2008.

The Millions of Americans that have been added to the foodstamp roles, the millions of new welfare recipients don't exist to the left.

Perpetuating a false narrative that we're experiencing a " recovery." is priority because a honest analysis is Politically threatening.

You people have been doing this since 2009 so you might want to refrain from accusing ANYONE of misrepresnting data
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Perpetuating a false narrative that we're experiencing a " recovery."
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We are literally experiencing a recovery from an awful recession. :lamo
 
Re: Wall Street celebrates historic rate hike

Astrodome said:
What was the last Republican President to leave our economy on solid footing? Reagan?
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You seriously think the American economy is on " solid footing " now ?
 
Re: Wall Street celebrates historic rate hike

David_N said:
We are literally experiencing a recovery from an awful recession. :lamo
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tell that to the 10's of millions of people that don't have a job.
the recovery is great if you are working. if you aren't working or can't find a job
it doesn't appear to be recovering.
 
Re: Wall Street celebrates historic rate hike

tres borrachos said:
I didn't say anything about you "complaining".

You said it already increased. How so? This just happened yesterday and the Dow closed only 220+ points up.
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My retirement plan goes up and down daily based on the stock market as I believe all or most do.
 
Re: Wall Street celebrates historic rate hike

David_N said:
We've recovered better then the vast majority of the world from the recession.
The U.S. Recovered From The Recession Faster Than Every Country But Germany
I can't stand people who blatantly distort unemployment statistics, so I will not go down that route.
When you bring up the point about "dependent on government assistance." That's been on the rise for some time, and it makes sense, given the recession.
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Lol ! Oh the irony. You people have been distorting unemployment statistics for the past 7 years.
 
Re: Wall Street celebrates historic rate hike

ludin said:
tell that to the 10's of millions of people that don't have a job.
the recovery is great if you are working. if you aren't working or can't find a job
it doesn't appear to be recovering.
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Fed raises interest rates, citing ongoing U.S. recovery | Reuters
The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signaling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis.

The U.S. central bank's policy-setting committee raised the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs.

"With the economy performing well and expected to continue to do so, the committee judges that a modest increase in the federal funds rate is appropriate," Fed Chair Janet Yellen said in a press conference after the rate decision was announced. "The economic recovery has clearly come a long way."
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Re: Wall Street celebrates historic rate hike

Astrodome said:
Our economy was improving prior to Republicans taking over Congress and their attempts to defund America......But, good attempt to spin it :)
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no it wasn't. it was pretty much in the dump, and before you cite the unemployment rate having more people
leave the work force than find a job is not what is considered a good thing.

proof they intended to defund America. you mean not support liberal bloated budget plans that would cost tax payers
billions of more dollars? I am glad they didn't.
 
Re: Wall Street celebrates historic rate hike

HenryChinaski said:
My retirement plan goes up and down daily based on the stock market as I believe all or most do.
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Of course they do. Yet your post said you had already made some bucks off this interest rate hike (which is a bank to bank lending rate hike only). I'm pointing out that that is impossible.
 
Re: Wall Street celebrates historic rate hike

Astrodome said:
Ahh...that's how you Republicans try to spin it?..... :)
Looks like the markets have been excited for the end of Obama for some time now, because they've been rallying for a few years....
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Actually the markets have been propped up with printed money and low interest rates on the backs of the people for nothing more than political gain. Future generations to be exact.
 
Re: Wall Street celebrates historic rate hike

Fenton said:
The corruption and collapse of the Democrat run and protected GSEs " destroyed the economy ", not the Republicans.
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No matter how many times you attempt to spew your lies, they still won't reference reality.
 
Re: Wall Street celebrates historic rate hike

ludin said:
mutual funds more than likely and that 220 jump helped a good bit.
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Mutual funds payouts didn't change yesterday. Most mutual funds are invested in short term fixed income securities. Returns will increase a small amount over time. They didn't increase already.
 
Re: Wall Street celebrates historic rate hike

tres borrachos said:
Of course they do. Yet your post said you had already made some bucks off this interest rate hike (which is a bank to bank lending rate hike only). I'm pointing out that that is impossible.
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My 401k went up about $80 when I checked this morning. Chump change, but I'll take what I can get.
 
Re: Wall Street celebrates historic rate hike

ludin said:
tell that to the 10's of millions of people that don't have a job.
the recovery is great if you are working. if you aren't working or can't find a job
it doesn't appear to be recovering.
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That's the thing, the Left can not acknowledge their existence because it makes their Messiah and their ideology look bad. They make up excuses and then accuse anyone who challenges them of distortimg the facts

According to them, those people are Baby Boomers, students and people that just don't want a job so let's just not count them. I wonder how those people survive ?

So they have to pretend they dont exist and brag about our " recovery ". These are the same people that claim they represent the poor and downtrodden.
 
Re: Wall Street celebrates historic rate hike

ludin said:
failure to address what I said noted.
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There are always unemployed people. Luckily, we have a safety net. Obama is far from perfect, but come on.
Obama’s Numbers (October 2015 Update)
The economy has added nearly 8.4 million jobs — more than six times the number gained under George W. Bush.
The number of job openings doubled, to a record 5.7 million.
Nearly 15 million fewer people lack health insurance coverage.
Corporate profits are at record levels; stock prices have more than doubled.
However, median household income was down 3 percent as of 2014, and the official poverty rate was 1.6 percentage points higher.
The rate of home ownership has dropped to the lowest point in nearly half a century.
The federal debt owed to the public has more than doubled — up 107 percent.
The economy has added another 529,000 jobs since our last report three months ago. As of September, the number of total nonfarm jobs stands 8,394,000 higher than when Obama first took office.
To put that into recent historical context, the economy gained nearly 23 million jobs during the booming years of Bill Clinton’s presidency, but fewer than 1.3 million during President George W. Bush’s eight years, which were plagued by two recessions.
Unemployment Rate — Meanwhile the unemployment rate edged down further to 5.1 percent. It’s now 2.7 percentage points lower than it was in January 2009, when the president first took office in the midst of the worst economic downturn since the Great Depression.
Historically, the jobless rate is now better than it has been most of the time since 1948. The historical median is 5.6 percent.
Long-term Unemployment — The number of long-term unemployed — those who have been looking for work for 27 weeks or longer — has continued to inch downward since our last report. The number went down to just over 2.1 million in September, which is 595,000 fewer than when the president first took office.
Job Openings — The number of job openings increased further since our last report, to 5,753,000 as of the last business day in July. That’s the highest number of openings since the Bureau of Labor Statistics began tracking them in December 2000. The number of openings has gone up 108 percent since the month the president entered office.
Business Startups — The growth in the number of new business establishments slowed slightly since our last report. The Bureau of Labor Statistics counted 222,000 “births” of new establishments in the three months ending last December, the most recent period on record. That’s 2,000 fewer than in the previous quarter, but still nearly 19 percent more new establishments than were born in the quarter prior to Obama’s first inauguration.
Meanwhile the number of business establishments shutting down permanently — business “deaths” — has gone down by more than 21 percent. The most recent figure is for the first quarter of 2014, because the BLS must wait a year before counting any shutdown as a permanent closing. Establishment birth and death figures are adjusted to compensate for seasonal variations.
Labor Participation Rate — However, the labor force participation rate, which is the portion of the civilian population that is either employed or currently looking for work, was 62.4 percent in September, down 3.3 percentage points since Obama took office.
Not all of that decline is due to the Great Recession and the slow recovery that followed. The rate actually peaked in early 2000, and it had declined by 1.6 percentage points before Obama took office.
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Re: Wall Street celebrates historic rate hike

Well this sure turned into a left vs. right **** fest... when the decision to raise rates was not really about left and right politics.
 
Re: Wall Street celebrates historic rate hike

Fenton said:
That's the thing, the Left can not acknowledge their existence because it makes their Messiah and their ideology look bad. They make up excuses and then accuse anyone who challenges them of distortimg the facts
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What facts? That there are more people employed in the U.S. than in any time before?

fredgraph.png


Rather inconvenient for those who have been calling for an economic collapse for 7 years on the basis of Obama's economic policies.

According to them, those people are Baby Boomers, students and people that just don't want a job so let's just not count them. I wonder how those people survive ?
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What do you mean according to them? That is how unemployment has been defined and quantified since its inception.

So they have to pretend they dont exist and brag about our " recovery ". These are the same people that claim they represent the poor and downtrodden.
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On the contrary, it is you that pretends that good jobs and economic output are just illusions put forth by the government.
 
Re: Wall Street celebrates historic rate hike

OrphanSlug said:
Well this sure turned into a left vs. right **** fest... when the decision to raise rates was not really about left and right politics.
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That's why this thread was doomed from the start. It became a partisan thing. Neither the left nor the right, nor the Democrats or Republicans, are at the center of this. Everyone has known the Fed was going to do this for many months - years, actually. Leaving the bank to bank rate at 0.25% was never something anyone thought was long term, regardless of which party controlled Congress or who was sitting in the Oval Office.

Increasing the rate will have great impacts, and not so great impacts. Borrowers will feel the pinch, investors and retirees will feel the love. The one I look forward to the most is the dollar being more valuable overseas.
 
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