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Thread: Report: Economists Say Recession Over, Want Bernanke to Stay

  1. #51
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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by tlmorg02 View Post
    You I am a common sense supporter.
    Common sense dictates that Obama needs to go.
    "The problem in defense is how far you can go without destroying from within what you are trying to defend from without."

    ~Dwight D. Eisenhower

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Just to add my 2 cents, I believe the very simple rules of the GOP playbook govern here & they say:

    Nothing President Obama does or says deserves praise/credit............. & nothing any GOP politician does or says deserves discredit or not to be funded.

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by stekim View Post
    Recessions are not defined by the unemployment rate. So your post is meaningless.
    perhaps, but they are defined by how much cash flow the economy has and the fewer people that are employed means that much less cash flow; not only because they aren't spending any money, but because the folks that are still employed aren't spending any money either.

    The unemployment rate is a byproduct of an economy. Bad economy, high unemployment; good economy, low unemployment.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by tlmorg02 View Post
    The GM bailout was not the stimulus, either. In case that escaped your attention. Further, Jim Cramer isn't Obama or the Treasury secretary or the FED Chairman. So, in other words, your post could not any further off topic than a post about cooking.
    Wow. Am I awesome or what?

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by apdst View Post
    The unemployment rate is a byproduct of an economy. Bad economy, high unemployment; good economy, low unemployment.
    But unemployment is also a lagging indicator. Productivity will increase, manufacturing and service growth will recover, GDP will rise, the market will rise and unemployment will be flat. The economy will be robust for a time with unemployment barely moving. Then it will move. The opposite happens when the economy goes south. I look at financial statements for a living. Judging by profits the ecomomy went WAY south when we were still at 5% unemployment. It was awful. Then the layoffs hit.

    And keep this in mind: Japan's unemployment rate for a decade long recession was very low. China's unemployment rate is very high (comparatively) and they grow quicker than any country on Earth.
    Wow. Am I awesome or what?

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by stekim View Post
    But unemployment is also a lagging indicator. Productivity will increase, manufacturing and service growth will recover, GDP will rise, the market will rise and unemployment will be flat. The economy will be robust for a time with unemployment barely moving. Then it will move. The opposite happens when the economy goes south. I look at financial statements for a living. Judging by profits the ecomomy went WAY south when we were still at 5% unemployment. It was awful. Then the layoffs hit.

    And keep this in mind: Japan's unemployment rate for a decade long recession was very low. China's unemployment rate is very high (comparatively) and they grow quicker than any country on Earth.
    You're right that unemployment is going to follow recovery, but it's definitely a close second. Is the unemployment rate going up yet? It's not, is it? hell, nothing is going up. A leveling off isn't a recovery. Let's not count our chickens before they hatch.

    I actually run a business for a living. I'll let you know when the economy improves.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    & it means an 8 year Presidency for Obama, probably followed by another 8 years of a Joe Biden Presdency, followed by another 8 years of a Al Gore Presidency (2nd times a champ) followed by.....

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by Strucky View Post
    Common sense dictates that Obama needs to go.
    Yeah, you guys were doing sooooo much better.

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by stekim View Post
    The GM bailout was not the stimulus, either. In case that escaped your attention. Further, Jim Cramer isn't Obama or the Treasury secretary or the FED Chairman. So, in other words, your post could not any further off topic than a post about cooking.
    Go to google and enter stimulus to prevent next depression and there are thousands of hits. Sometimes because you say so, doesn't make it true.

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    Re: Report: Economists Say Recession Over, Want Bernanke to Stay

    Quote Originally Posted by apdst View Post
    You're right that unemployment is going to follow recovery, but it's definitely a close second. Is the unemployment rate going up yet? It's not, is it? hell, nothing is going up. A leveling off isn't a recovery. Let's not count our chickens before they hatch.
    Leveling off is a good sign the economy is recovering. That alone is not proof it's in recovery, but it's a good sign.

    I actually run a business for a living. I'll let you know when the economy improves.
    You are one business. I see tons of business financial statements. I'll know before you do! Besides, the profitabilty of one business says literally nothing about the economy. Some of my clients are doing great right now. Most are not. But I'm seeing far more statements now where results are flat (still down, but not falling anymore) or improving slightly. Not too many major increases in earnings, but the rock is no longer rolling down the hill.
    Wow. Am I awesome or what?

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