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reagan blamed everything on carter.Yes, going on 6 years and its still the last guys fault....
Lol !
reagan blamed everything on carter.Yes, going on 6 years and its still the last guys fault....
Lol !
U.S. GDP Contracted at 1% Pace in First Quarter - WSJ.com
"he U.S. economy contracted in the first quarter of 2014, the latest stumble for a recovery that has struggled to find its footing since the recession ended almost five years ago."
The "recovery" is over.
Yes, going on 6 years and its still the last guys fault....
Lol !
U.S. GDP Contracted at 1% Pace in First Quarter - WSJ.com
"he U.S. economy contracted in the first quarter of 2014, the latest stumble for a recovery that has struggled to find its footing since the recession ended almost five years ago."
The "recovery" is over.
...a trend that started in 2001. By the way, wages went flat in the early 1970s -- so the complaints about "low-paying jobs" could be leveled at any President who presided any time in the past 40 years.At the same time labor participation is at multi-decade lows....
The market isn't going through the roof because of Fed policies. It's because corporate profits are through the roof, mostly as a result of squeezing employees as hard as they can during bad economic times.Never mind that any "growth" in the economy is fueled entirely by various Fed and government injections that are unsustainable and distort the market.
"Rigged" by whom? Did the Fed make a big loan this morning, so that someone could single-handedly invest enough to boost the market?Stocks jumping higher on such horrible news is a pretty good indicator of how rigged the market has become.....
Which "meaningful indicators" are you talking about? The Conference Board's LEI has been rising for 3 months in a row. Pretty much everyone understands that Q1 got hammered by an awful winter, and it is likely to have produced some pent-up demand.All meaningful indicators point to a recession starting this year....
What fantasy is this? Or perhaps you are referring to George Bush 41, who threw immense sums at the S&L Crisis, which left Clinton with a nice chunk of fancy new debt? Heck, the S&L Crisis cost the taxpayers far more than anything Bush 43 or Obama did to get over the financial crisis.unlike Clinton, Obama will not be able to bail out the system and paper over the losses so that it gets pushed into the next guy's term.
Yes and no.The U.S. is still in bailout economy conditions and it would take the kind of money injection that usually precedes hyperinflationary sovereign default crises to prevent another serious downturn.
They have to say that. Its the Federal Reserve. Gotta keep up the illusion of recovery at all costs. People really do drink the kool-aid. The one redeeming sector for GDP was healthcare.
Whatever the reason, its quite possible we're in the middle of small recession, but wont know for a few months. I bet politicians are very scared right now, given the proximity to the election.
reagan blamed everything on carter.
Bad news for America... and the GOP rejoices.
Lol !
Reagan was actually qualified and he DID inherit a mess.
But Reagan's not relevant to your irrelevant Bush blame.
He hasn't done anything. The do nothing republican congress won't let him. They are content on continuing the GBR.We tried to warn you people back in 2008 when Millions of Americans were equating empty plattitudes to Presidential qualifications.
People like you supported this guy and his progressive policies. Voted for him and gave him the power to sign destructive legislation.
So why are the Conns the bad guys ?
My personal prediction is that it will rebound really quickly but we are headed for another wall street/banking crash in about a year or two. We've done nothing to the "too big to fail" sector after we bailed them out in 2007/2008 and now they are much bigger than they were then. Then there are the investments based on rampant speculation rather than company forecasts and production which is inflating stock. Not to mention the stupid practice of computer investments that buy and sell fractional shares in nanoseconds based on mathematical algorithms and not company forecasts and production. All this is creating extremely false worth and instability in the markets.
Yes, going on 6 years and its still the last guys fault....
Lol !
...a trend that started in 2001. By the way, wages went flat in the early 1970s -- so the complaints about "low-paying jobs" could be leveled at any President who presided any time in the past 40 years.
The market isn't going through the roof because of Fed policies. It's because corporate profits are through the roof, mostly as a result of squeezing employees as hard as they can during bad economic times.
Companies are also holding record amounts of cash. Is that also a "negative indicator?" U.S. Firms Hold Record $1.64 Trillion in Cash With Apple in Lead - Bloomberg
"Rigged" by whom?
Which "meaningful indicators" are you talking about? The Conference Board's LEI has been rising for 3 months in a row. Pretty much everyone understands that Q1 got hammered by an awful winter, and it is likely to have produced some pent-up demand.
What fantasy is this?
"Yes" in that we are still in a bit of a liquidity trap, which means the Fed can continue actions like QE without causing inflation any time soon -- in the same way that they have done so for many years now, without producing the "hyperinflation" expected by people who don't understand economics well.
"No" in that the Fed can't really do much more at this point if the economy takes a serious downturn. Inducing "hyperinflation" is obviously something no US central bank will do, at least not during our lifetimes. We are also a long, long way from any sort of default because of anything other than legislative dysfunction.
Exactly:
Source: Forbes
That people buy this crap is what really makes for a laugh. Absent the Obamacare surge in healthcare spending this would have been a 2% contraction. It may still be revised lower as is wont to happen.
Actually, pretty much everyone agrees there were other reasons for bad indicators and that weather does not come close to explaining it all. The pent-up demand is probably true, which is why some of the indicators look better right now.
The "recovery" is over.
Bad news for America... and the GOP rejoices.
That was four million less than in 2008 and the more people see of him the more they realize the mistake they made. Why would anyone support the transformation of this economy into a European socialist one?
Really? Healthcare? But the GOP told us that Obamacare was supposed to destroy that sector right before destroying our economy altogether... hrrmmmmm
Obama inherited a mess. What reagan inherited is pale in comparison to GBR.
I'm saying that the shrinking of the labor force is a trend that started 8 years before Obama took office. I would also say that neither Bush 43's nor Obama's policies are causal factors.Are you suggesting these things were not made markedly worse over the past few years?
1) Buybacks aren't "artificial" inflations, they're a standard practice -- and don't explain multi-year broad-based rises in prices. Plus, if shares are bought back with credit, that will show up on the company's ledger.More like by pumping up stock prices, which are being artificially inflated by widespread buybacks, high-frequency trading, and trillions of dollars in Fed cash. Look at your graph real closely, and then consider why that graph may not be saying a good thing about the economy.
Actually, it suggests that the companies aren't interested in accumulating debt (a practice that contradicts your implication that Fed lending policies are encouraging stock buybacks). There's plenty they could spend it on, such as improving wages or making capital improvements. Regardless of the rationale, it makes the company's bottom line look better, and is a reason for high stock prices, unrelated to Fed actions.It suggests they aren't spending money because they either have nothing to spend it on or are hoarding cash out of concern that they may need it soon.
The bad weather doesn't explain it all, but it's a big chunk. More to the point is that one quarter with a -1% GDP growth is not an indicator that the entire economy is going to hell in a handbasket (as the OP implies). Nor have you actually articulated which indicators are currently negative.Actually, pretty much everyone agrees there were other reasons for bad indicators and that weather does not come close to explaining it all. The pent-up demand is probably true, which is why some of the indicators look better right now.
1) LTCM's bailout was engineered by the New York Fed, not Washington. And it didn't cost the taxpayers a cent.Oh come, come, the bailouts of big money institutions and moral hazard was Long-Term Capital Management and the housing bubble started getting blown up in the late 90's to cover for the dotcom bubble.
That's pretty much what I'm saying. The Fed doesn't have any more tools to deal with another downturn, though it could step in again to deal with failing banks.Hyperinflation is not something a central bank aims to achieve. It is a function of mismanagement. The Fed is not stupid enough to get the U.S. into that sort of mess, in my opinion, which is why I do not think they will do much about another downturn. All they could do in the event of another serious downturn is print money like crazy, which could easily lead to hyperinflation and hyperinflation means default.
It sort of is Bush's fault and Clinton's and Greenspan's and all the various private lenders who played along. Never mind the various Senators and Representatives who had their roles. This was a bipartisan f**kup.
Are you suggesting these things were not made markedly worse over the past few years?
More like by pumping up stock prices, which are being artificially inflated by widespread buybacks, high-frequency trading, and trillions of dollars in Fed cash. Look at your graph real closely, and then consider why that graph may not be saying a good thing about the economy.
Yes, actually. It suggests they aren't spending money because they either have nothing to spend it on or are hoarding cash out of concern that they may need it soon.
See above.
Actually, pretty much everyone agrees there were other reasons for bad indicators and that weather does not come close to explaining it all. The pent-up demand is probably true, which is why some of the indicators look better right now.
Oh come, come, the bailouts of big money institutions and moral hazard was Long-Term Capital Management and the housing bubble started getting blown up in the late 90's to cover for the dotcom bubble.
Hyperinflation is not something a central bank aims to achieve. It is a function of mismanagement. The Fed is not stupid enough to get the U.S. into that sort of mess, in my opinion, which is why I do not think they will do much about another downturn. All they could do in the event of another serious downturn is print money like crazy, which could easily lead to hyperinflation and hyperinflation means default.
Obama inherited a mess. What reagan inherited is pale in comparison to GBR.
Really? Healthcare? But the GOP told us that Obamacare was supposed to destroy that sector right before destroying our economy altogether... hrrmmmmm
I wouldn't call that a positive boost for the economy. People spending money on insurance premiums doesn't create much value.