Page 3 of 3 FirstFirst 123
Results 21 to 30 of 30

Thread: Economy grows for third straight quarter

  1. #21
    Sage
    Harry Guerrilla's Avatar
    Join Date
    Dec 2008
    Location
    Not affiliated with other libertarians.
    Last Seen
    09-01-17 @ 02:38 PM
    Gender
    Lean
    Libertarian
    Posts
    28,955

    Re: Economy grows for third straight quarter

    Quote Originally Posted by jujuman13 View Post
    Even that great orator the USA answer to God admitted this very point, so why are all you guys getting upset?
    Jobs usually lag behind economic growth, so at the moment that isn't as important.
    I was discovering that life just simply isn't fair and bask in the unsung glory of knowing that each obstacle overcome along the way only adds to the satisfaction in the end. Nothing great, after all, was ever accomplished by anyone sulking in his or her misery.
    —Adam Shepard

  2. #22
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 01:29 AM
    Lean
    Undisclosed
    Posts
    10,431

    Re: Economy grows for third straight quarter

    Quote Originally Posted by Goldenboy219 View Post
    The difference between now and 2007-2008 is that banks have the "cash" necessary to whether the storm. Do i believe there could be set backs? Of course, but i do not believe the foreclosures that emerge this year will be able to force short term interbank lending rates to third quarter 2008 levels.
    The banks have cash now, but it is not their "cash" really it is cash provided to them by the fed

    Are we likely to see a crisis like the one that hit in 2008, no, but a long period of stagnation is more then likely.

    Basically the US is probably in for a decade of poor economic growth (real growth) as it has a lot of debt that needs to be paid down, both by individuals, governments and corporate.

    A second issue that is going to negatively effect growth in the US is the rise of foreign countries on the world economy. Companies in the US have to compete with companies in China, India, and Brazil among others. The cost of doing business in China is far lower then doing so in the US, as China moves up the value chain, it is going to pressure the pricing power of US companies, leading to lower compensation for US workers (all levels). (This is going to effect all of the western world economies not just the US). So untill the cost of doing business in the US becomes more compititive with that in China (through China's own rising standard of living, and a stagnating one in the US, if not a decline in it) growth in the US on a per capita basis is going to be limited
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  3. #23
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Today @ 11:42 AM
    Gender
    Lean
    Undisclosed
    Posts
    51,710

    Re: Economy grows for third straight quarter

    Sure are a lot of half-empty types around here.
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

  4. #24
    Banned Goobieman's Avatar
    Join Date
    Feb 2006
    Last Seen
    03-22-15 @ 02:36 PM
    Gender
    Lean
    Very Conservative
    Posts
    17,343

    Re: Economy grows for third straight quarter

    Quote Originally Posted by Lord Tammerlain View Post
    A second issue that is going to negatively effect growth in the US is the rise of foreign countries on the world economy. Companies in the US have to compete with companies in China, India, and Brazil among others. The cost of doing business in China is far lower then doing so in the US, as China moves up the value chain, it is going to pressure the pricing power of US companies, leading to lower compensation for US workers (all levels). (This is going to effect all of the western world economies not just the US). So untill the cost of doing business in the US becomes more compititive with that in China (through China's own rising standard of living, and a stagnating one in the US, if not a decline in it) growth in the US on a per capita basis is going to be limited
    Yes. This is an issue certain people just refuse to understand.
    The global marketplace applies to labor, just like everything else - people all over the world are competing for your job.

  5. #25
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 01:29 AM
    Lean
    Undisclosed
    Posts
    10,431

    Re: Economy grows for third straight quarter

    Quote Originally Posted by Goobieman View Post
    Yes. This is an issue certain people just refuse to understand.
    The global marketplace applies to labor, just like everything else - people all over the world are competing for your job.
    Which is why one reason I can not stand when people say trade is not a zero sum game.

    Of course it is not a zero sum game, but it does not mean that your side will be the one to gain over the short or long term.

    Michigan lost out due to auto competition from Japan and the American south east where costs were lower.

    So the pie will likely get bigger with trade, it does not mean your slice will get bigger, or that it will not shrink
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  6. #26
    Banned Goobieman's Avatar
    Join Date
    Feb 2006
    Last Seen
    03-22-15 @ 02:36 PM
    Gender
    Lean
    Very Conservative
    Posts
    17,343

    Re: Economy grows for third straight quarter

    Quote Originally Posted by Lord Tammerlain View Post
    Which is why one reason I can not stand when people say trade is not a zero sum game.

    Of course it is not a zero sum game, but it does not mean that your side will be the one to gain over the short or long term.
    Well, right. It will go to those who are better than their competition in term so quality and price - gone are the days where labor can dictate the terms of its employment.

  7. #27
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Economy grows for third straight quarter

    growth is natural, growth is to be expected, the population grows

    that's why we need to add some 150,000 jobs per month just to stay even

    a 3.2, considering what we're coming out of, is NOT good news

    it's lower than analysts projected, for example

    and housing, the pointy pin that particularly popped subprime, contracted TEN POINT NINE PERCENT in q1

    we are looking at FOUR POINT FIVE MILLION more foreclosures in terrible '10

    that's SIXTY PERCENT MORE than in awful '09

    MORE THAN HALF who've received "assistance" from this addled administration have ALREADY re-defaulted

    yet, we just do more of the same

    commercial real estate is next, all know

    fannie and fred are said by cbo to cost the taxpayer ultimately about FOUR HUNDRED BILLION DOLLARS

    fannie and fred are EXEMPT from dodd's reg reform package

    fannie and fred in december were beneficiaries of a ROOFLESS reconstruction

    once again, just more of the policies which got us here in the first place

    that is, the FIXES to what BROKE us are NOT in place

    service of our debt, MERE INTEREST ALONE, is to approach A TRILLION DOLLARS PER in just over 5 years, according to the ny times in november

    the "undervalued" yuan, which bernanke bellyaches is a major contributor to our catastrophe, hu refuses to renegotiate

    and obama is impotent when it comes to hu

    at&t and the other megacorps are being forced to book an extra BILLION DOLLARS EACH for obamacare merely to remain in operation, not a single new hire

    consumer confidence is near an all time low

    our biggest and most expensive states are drastically underwater

    obamacare places TWO HUNDRED BILLION dollars of burden on their already broken backs---completely UNFUNDED---in the form of medicaid expansion

    public pensions are popping all over, what's that do to confidence?

    personal income is down 3.2% since obama took over

    uncertainty abounds, confronting every step of every employer, investor, consumer, in the hundreds of unanswered questions contained in the thousand unread pages of legislation pertaining to health care, cap and trade, reg reform...

    the CONTAGION, the EXISTENTIAL THREAT, emanating from greece, spain, portugal and their eu environs is another major concern

    a full EIGHTY SIX PERCENT of americans describe our economy as IN CRISIS

    that's not spin, folks, it's trillions of ugly realities

    sorry

  8. #28
    Guru

    Join Date
    Jun 2006
    Last Seen
    05-13-11 @ 09:01 PM
    Gender
    Lean
    Independent
    Posts
    4,075
    Blog Entries
    3

    Re: Economy grows for third straight quarter

    Quote Originally Posted by Goobieman View Post
    Yes. This is an issue certain people just refuse to understand.
    The global marketplace applies to labor, just like everything else - people all over the world are competing for your job.
    Shucks these Chinese, Indians may even be able to spell the English language better than the English speakers.

  9. #29
    Dispenser of Negativity
    Cold Highway's Avatar
    Join Date
    May 2007
    Location
    Newburgh, New York and World 8: Dark Land
    Last Seen
    12-24-12 @ 11:21 PM
    Gender
    Lean
    Libertarian
    Posts
    9,596
    Blog Entries
    7

    Re: Economy grows for third straight quarter

    Quote Originally Posted by Deuce View Post
    Sure are a lot of half-empty types around here.
    You say like thats a bad thing
    Jackboots always come in matched pairs, a left boot and a right boot.

  10. #30
    Outer space potato man

    Join Date
    Feb 2010
    Last Seen
    Today @ 11:42 AM
    Gender
    Lean
    Undisclosed
    Posts
    51,710

    Re: Economy grows for third straight quarter

    Quote Originally Posted by chevydriver1123 View Post
    You say like thats a bad thing
    I'm sure pessimists would agree that pessimism is bad!
    He touched her over her bra and underpants, she says, and guided her hand to touch him over his underwear
    Quote Originally Posted by Lutherf View Post
    We’ll say what? Something like “nothing happened” ... Yeah, we might say something like that.

Page 3 of 3 FirstFirst 123

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •