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Thread: Obama suggests recession easing [EDIT]

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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by kaya'08 View Post
    BBC NEWS | Business | Obama suggests recession easing


    The Obamarama has suggested the reccession is easing. If this is true, i see no such thing, infact i see everything getting worse. Chances are he has economic statistics on his desk in the oval office we havent had the chance to get our hands on yet that proves his case, but i havent seen any evidence of it.



    This doesnt seem to me like job losses, more repossessions and pain will pave the way for recovery, it just sounds like it will exagerate the problem, otherwise the cause of this entire meltdown would have well been gone and done with by now, considering we have seen alot of job losses and pain over the past year or so.

    Just comforting words, or do they have real substance?
    Economic policies don't really take affect that quickly, no the threat of them does. I see nothing happening.
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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by Kandahar View Post
    The stock market, if not perfectly rational, is certainly rational enough not to be fooled by an accounting change that was publicly announced. It's not like those investors who are buying the stocks are, as a group, unaware of those changes.
    They are aware of the potential impact, which is why the stock market didn't go ballistic when Wells Fargo reported record profits. The market has a certain suspicion of such awesome news, and rightly so.

    The other shoe that has yet to drop is the quantification of that impact. Investors know there is an extra bit of puffery in some of the numbers being reported, they have not yet determined how much. As that bit of puffery gives banks a momentary additional lease on life, it's not irrational to bid up stock prices somewhat and take some momentary profits; as the recent declines in the market indicate, however, the positive effect of the puffery is momentary, and is already fading.

    Absent a more substantial dynamic, such as a real solution to the "toxic" assets, the momentary puffery of suddenly improved bank fortunes will not translate into a bottoming out of the market or the economy.

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    Re: Obama suggests recession easing [EDIT]

    Seems to me that every time GWB (et al) suggested this, the liberals found all kids of ways to say "nuh-uh!!"

    Where are they now?

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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by Harshaw View Post
    Where are you looking? It's going to ease here before it does anywhere else.
    Well then you tell me? Can you honestly say things are looking so much more hopeful recently? Has your standards of living improved significantly by any reasonable measure, and is it at the same levels as it was say last year, or the year before? No doubt there has been improvements, but we have nothing to say it will last.

    Actually, the stock market is generally a "mis"-leading indicator.
    Because its a volatile thing. Any improvements in the stock market is usually a temporary reaction to good news like an IMF deal or whatever (these days). Unless there consistently on the up and up i wouldnt base my opinions on just the stock market. Your better off looking at consumer behaviour if you want an accurate indicator.
    Last edited by kaya'08; 04-15-09 at 04:01 PM.
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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by Kandahar View Post
    The stock market does seem to have bottomed out (hopefully). That's a leading indicator...which makes me think that the economy as a whole will probably hit bottom sometime this summer and then slowly start to rebound (assuming that the stock market actually has bottomed). Unemployment is a lagging indicator. I wouldn't be surprised if it continued to rise into next year.
    cool, does that mean we all can move out of our tents and live in a real hse. again next yr.

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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by kaya'08 View Post
    Well then you tell me? Can you honestly say things are looking so much more hopeful recently? Has your standards of living improved significantly by any reasonable measure, and is it at the same levels as it was say last year, or the year before?
    You seem to have confused "recession easing" with "bountiful recovery."

    In any case, yes, I have seen signs renewed life, and being a business owner who takes merchandise orders from retailers, I'm seeing increased activity.

    No doubt there has been improvements, but we have nothing to say it will last.
    There's just as little to say it won't, either.



    Your better off looking at consumer behaviour if you want an accurate indicator.
    I do. I make my living from consumers, and my living has been better.
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    Re: Obama suggests recession easing [EDIT]

    You seem to have confused "recession easing" with "bountiful recovery."

    In any case, yes, I have seen signs renewed life, and being a business owner who takes merchandise orders from retailers, I'm seeing increased activity.
    This may be the case for you and your paticular business but you can bet on it this isnt the case for a lot more people out there. Things are getting worse for a lot of people.
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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by Kandahar View Post
    The stock market, if not perfectly rational, is certainly rational enough not to be fooled by an accounting change that was publicly announced. It's not like those investors who are buying the stocks are, as a group, unaware of those changes.
    What makes you think so?

    How many people here have any real understanding of how accounting changes impact financials? How many of them can explain it?

    I'm guessing at most no more than five. And while I hate to say, this place seems smarter than the rest of the country, partisan whackjobs included.

    If people couldn't recognize the impact of the herd mentality in the last bubble, they won't understand accounting changes which are far more complex and far harder to understand.
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    Re: Obama suggests recession easing [EDIT]

    Quote Originally Posted by kaya'08 View Post
    This may be the case for you and your paticular business but you can bet on it this isnt the case for a lot more people out there. Things are getting worse for a lot of people.
    The retailers to whom I sell carry wide varieties of products. If they're ordering from me, it means their general sales have been improving.

    Obviously, though, you're determined to believe only in a downward spiral, so I guess I'll just leave you to that. Some people are happier when they're miserable.
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    Re: Obama suggests recession easing [EDIT]

    Obviously, though, you're determined to believe only in a downward spiral, so I guess I'll just leave you to that. Some people are happier when they're miserable.
    You've got me all figured out buddy. You only have to look at the contractions of economies on a global scale and the unemployement rate, and our living standards which contrary to what you say is only worsening. Quiet frankly, your job doesnt count for ****. If your using that as a sole indicator of how things are now or how things are to come, then any predications you may have are seriously inaccurate. Today for example, Air France announced it is to scrap 3000 jobs. Tell them things are great.
    Last edited by kaya'08; 04-16-09 at 04:46 AM.
    "If religious instruction were not allowed until the child had attained the age of reason, we would be living in quite a different world" - Christopher Hitchens
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