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Dow over 17,000. thank you again President Obama. [W:1017, 2344]

Cable said:
Funny, you are hanging your hat on a stock bubble economy blip. Sad, but funny.
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can you explain "stock bubble economy blip" because its not real clear what your point is. I see you reiterating your vague claim about a stock market bubble but the "economy blip" thing isn't clear. It would help you make your post even more clear if you include what you think is going to happen. thanks in advance.
 
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The DOW is BOOMING...18,867.93.

It won't last as this is primarily because the markets are anticipating Trump's promised fiscal stimulus.

Like all government stimuli - it will probably fail miserably.
 
DA60 said:
The DOW is BOOMING...18,867.93.

It won't last as this is primarily because the markets are anticipating Trump's promised fiscal stimulus.

Like all government stimuli - it will probably fail miserably.
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Yes, the Great Obama Bull Market continues on. While I'm sure Trumps deficit fueled tax cuts and spending plans help the market, don't forget the Q3 GDP numbers.

The United States economy in the third quarter grew at the fastest pace in two years, according to a revised report that showed stronger consumer spending than first estimated.

http://www.nytimes.com/2016/11/29/b...omy-grew-at-3-2-rate-in-3rd-quarter.html?_r=0
 
Yesterday the DOW came within less than a point of hitting 20,000.
It crossed 19,000 on 11/22.....45 days.
 
PerfectStorm said:
Yesterday the DOW came within less than a point of hitting 20,000.
It crossed 19,000 on 11/22.....45 days.
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With those incredible economic numbers it isn't much of a surprise how Obama won the White House for Hillary and Democrats regain control of Congress

Sent from my SAMSUNG-SM-G930A using Tapatalk
 
Dow crosses 20,000 for first time.

Thank you President Trump.
 
Dow closes at a record high for the 9th consecutive session. Breaks a 30 year record.
 
PerfectStorm said:
The calculated unemployment rate is a joke. Of course, that's not the topic of this thread.

The Big Lie: 5.6% Unemployment | Gallup
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Feel free to start a new thread and we can discuss it. However, I really dislike arguing against an opinion piece or blog, so please present your own thoughts and opinions and we can talk about that.

The unemployment rate accurately measures what it is supposed to measure. Every objection I've read or heard (outside of academic and professional circles) complains that the UE rate doesn't accurately measure things it's not intended to measure.
 
Re: Dow over 17,000. thank you again President Obama.

Ockham said:
Yes credit goes to Obama for making the 1% even richer, and depressing and oppressing the poor even further! Well done!
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So Dow 6k when o came in, 18k when he left 19 k now? Love it I'm white and filthy rich. Glad to see Don the con kept Wall Street in charge (did anyone with a brain think he wouldn't?)
 
Re: Dow over 17,000. thank you again President Obama.

YorkshirePete said:
So Dow 6k when o came in, 18k when he left 19 k now? Love it I'm white and filthy rich. Glad to see Don the con kept Wall Street in charge (did anyone with a brain think he wouldn't?)
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Ummm...why the hell are you telling us you are 'white'?
 
Cigar said:
Now for Trump's next trick ... cut Unemployment in Half, like President Obama did. :lamo
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Naah. I think he's going to create millions of $40/hour jobs for high school white boys and girls. Can't wait. But he's doing what he promised.
Said he'd wipe out ISIS in his first 30 days. Do these uneducated rubes just swallow his promises? Mexico going to pay for a wall in which more people go south than north? How dumb can his sheep be? Well, 75 % were not smart enough to go to college, 75% think O's a Muslim. What do we expect?
 
Re: Dow over 17,000. thank you again President Obama.

DA60 said:
Ummm...why the hell are you telling us you are 'white'?
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Just trying to give the facts man. Would you rather be white of black in these United States? I had incredible business advantages because I was white. See many brown company hog level managers? Are you one? Dying to know
 
pinqy said:
Feel free to start a new thread and we can discuss it. However, I really dislike arguing against an opinion piece or blog, so please present your own thoughts and opinions and we can talk about that.

The unemployment rate accurately measures what it is supposed to measure. Every objection I've read or heard (outside of academic and professional circles) complains that the UE rate doesn't accurately measure things it's not intended to measure.
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Wrong.

Right away, the BLS does not use the accepted dictionary meaning of the term 'unemployed'. It devised it's own and uses that one.

The U-3 has NOTHING whatsoever to do with the actual unemployment of America.

It only measures the BLS's version of unemployment in America.

It is a complete farce.


I suggest you not respond to this as I will not read it or respond to it. I am not getting into this old discussion again.


BTW - I sincerely hope all is well in your life.
 
Re: Dow over 17,000. thank you again President Obama.

YorkshirePete said:
Just trying to give the facts man. Would you rather be white of black in these United States? I had incredible business advantages because I was white. See many brown company hog level managers? Are you one? Dying to know
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I am a WASP.

And you sound racist to me.

So **** off.
 
DA60 said:
Wrong.

Right away, the BLS does not use the accepted dictionary meaning of the term 'unemployed'. It devised it's own and uses that one.

The U-3 has NOTHING whatsoever to do with the actual unemployment of America.

It only measures the BLS's version of unemployment in America.

It is a complete farce.


I suggest you not respond to this as I will not read it or respond to it. I am not getting into this old discussion again.


BTW - I sincerely hope all is well in your life.
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While DA60 may not want a reply (which makes me wonder what he thinks a message board is) if anyone else would like to know why his post is one of the most moronic posts I've ever read in 20 years of message boards, let me know and I'll explain.
 
The Dow is over 20,000. Thank you President Trump. :lamo
 
Re: Dow over 17,000. thank you again President Obama.

YorkshirePete said:
So Dow 6k when o came in, 18k when he left 19 k now? Love it I'm white and filthy rich. Glad to see Don the con kept Wall Street in charge (did anyone with a brain think he wouldn't?)
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The Dow is currently at 20,800. Try to keep up.
 
******
Vern said:
Holy cow. the greatest bull market in history continues on. I have to admit, even I’m a bit shocked. I knew President Obama’s economic policies were good but I didn’t know they were this good. I guess I could give republicans some credit because their constant lies about President Obama and the economy probably made him more determined.

Remember the laughable republican predictions of “hyperinflation, dollar collapse, market to zero, dogs and cats living together” if we didn’t cut spending immediately after (and only after) 1/20/2009? Who but a few delusional cons could argue that if we listened to republicans, we would officially be a third world country. Again, thank President Obama.
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So, I'm sure you're crediting Trump with the DOW at record levels now, right? Of course not, you hypocrite!
 
pinqy said:
While DA60 may not want a reply (which makes me wonder what he thinks a message board is) if anyone else would like to know why his post is one of the most moronic posts I've ever read in 20 years of message boards, let me know and I'll explain.
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By all means, please explain how or why the U3 unemployment figures are more reflective of the nation's real unemployment status than either the U5 or U6 figures, which reflect those folks who have stopped looking for work or only have part time jobs. Keeping in mind that part time jobs are considered employed under the U3 figures, even if someone worked only 1 hour a week. Part time work is often taken when full time employment can't be found and normally cannot support a family. The U3 figures are therefore not very reflective of unemployment in America. It can be a very misleading indication of real unemployment.
 
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Cvir said:
By all means, please explain how or why the U3 unemployment figures are more reflective of the nation's real unemployment status than either the U5 or U6 figures, which reflect those folks who have stopped looking for work or only have part time jobs. Keeping in mind that part time jobs are considered employed under the U3 figures, even if someone worked only 1 hour a week. Part time work is often taken when full time employment can't be found and normally cannot support a family. The U3 figures are therefore not very reflective of unemployment in America. It can be a very misleading indication of real unemployment.
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I stated that the U-3 accurately measures what it is supposed to measure. Do you agree or disagree with that statement?
DA60 said I was wrong because the U-3 doesn't use the dictionary definition of unemployed. Which is a stupid thing to say.
But now you're asking that I defend a position I haven't taken. Did you not understand my previous posts?

But I'll answer, since it's simple enough. You want to know "...how or why the U3 unemployment figures are more reflective of the nation's real unemployment status than either the U5 or U6 figures..."
Answer: They're not. But then again neither the U5 nor the U6 are more reflective of the "real unemployment status" than the U3.
There is no such thing as "real unemployment status" only different aspects and perspectives of the labor market. The 6 different utilization measures (U 1-6) each look at a different aspect. They're measuring different things and answering different questions. Which is "best" depends on what you want to know.

Now I would be fascinated to hear your definition of real unemployment status, what makes it "real", how you arrived at your definition and which statistical agencies agree with you.
 
pinqy said:
I stated that the U-3 accurately measures what it is supposed to measure. Do you agree or disagree with that statement?
DA60 said I was wrong because the U-3 doesn't use the dictionary definition of unemployed. Which is a stupid thing to say.
But now you're asking that I defend a position I haven't taken. Did you not understand my previous posts?

But I'll answer, since it's simple enough. You want to know "...how or why the U3 unemployment figures are more reflective of the nation's real unemployment status than either the U5 or U6 figures..."
Answer: They're not. But then again neither the U5 nor the U6 are more reflective of the "real unemployment status" than the U3.
There is no such thing as "real unemployment status" only different aspects and perspectives of the labor market. The 6 different utilization measures (U 1-6) each look at a different aspect. They're measuring different things and answering different questions. Which is "best" depends on what you want to know.

Now I would be fascinated to hear your definition of real unemployment status, what makes it "real", how you arrived at your definition and which statistical agencies agree with you.
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By real, I mean people who are really unemployed whether they have no job or they have no job because they stopped looking. The U3 does not reflect both of these unemployed groups, but they are all still unemployed. That's why I think it is more reflective of the unemployment situation in the country. My opinion.
 
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