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Oh no! Wall Street's surging! Call in Romney!

  1. Mighty Mom profile image87
    Mighty Momposted 5 years ago

    So Nasdaq and the Dow Jones Industrial Average both hit new records today, based on stronger than expected employment news.
    The sky is obviously falling, the economy still s#ks.
    And of course it's all Obama's fault.
    Yessir,

    There's only one man -- a skilled business turner-arounder and state executive -- who can save our free market and get our country (and the world) out of this economic morass.

    Stay tuned as Barack Hussein (codeword for communist) Obama's inglorious one term presidency comes to a screeching halt.
    Thank GOD for Romney.
    I've had as much of this gloom and doom as I can stand!
    lol




    http://www.washingtonpost.com/business/ … _comboNE_b

    1. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      Yes, MM, sadly things are looking grim wink Did I say that? The American economy has clearly been stifled during the Obama 'socialist' regime. Unemployment is rising and the economy is contracting. You all obviously need Romney. He will help reverse the fortunes and bring y'all back to where you where in 2008. When America had hope and was doing well. lol

    2. Evan G Rogers profile image77
      Evan G Rogersposted 5 years agoin reply to this

      This is clearly an inflationary bubble.

      Key interest rates have been set by the highly-politicized Federal Reserve Bank at 0% --- yes, that's right: 0% -- for about 4 years -- yes, that's right: 3 years.

      That literally means that people have been borrowing money at 0% interest rates for 3 years.

      Of COURSE the economy is going to look good. Hell, I'm shocked it has taken this long!

      The crash is coming. Buy gold and silver.

      1. Hollie Thomas profile image60
        Hollie Thomasposted 5 years agoin reply to this

        The Brits have been borrowing money at 0% interest for the last three years, our economy doesn't look good though. Why the difference (I'm not asking you because I want you to substantiate your point, I'm asking because I don't know) I agree with you on one thing though. Buy gold and silver.

        1. Evan G Rogers profile image77
          Evan G Rogersposted 5 years agoin reply to this

          I'm not familiar with the specifics of the British Economy, nor am I acquainted with the specifics of the US economy.

          But loose interest rates lead to more long-term investments.

          A bust will surely follow.

      2. Mighty Mom profile image87
        Mighty Momposted 5 years agoin reply to this

        On a citizenry level:
        Do you know one single person who has borrowed money at 0% in the last 3 years?
        Do you know anyone who actually qualified for the 0% interest "teaser rates" on all those new cars?
        Do you know anyone who has been successfully able to refi their house in a straight refi (not government loan modification) to take advantage of these oh-so-low rates?
        Do you know anyone whose bank has reset their credit cared APR lower due to these historic low rates set by the Fed?
        Cuz if you do, I would sure like to meet them!

        And note on the buy gold and silver advice. You do realize gold and silver have to be turned back into CASH to buy anything at the grocery store or gas station. And guess what? They're not appreciating in value so you'll be losing money.
        So maybe save a step and just stockpiling cash would be smarter?
        Just a thought.

        1. uncorrectedvision profile image59
          uncorrectedvisionposted 5 years agoin reply to this

          It appears that Evan may not comprehend how commodities actually work but you seem to not understand money and banking on an even more fundamental level.  I would recommend a little reading.

          1. Hollie Thomas profile image60
            Hollie Thomasposted 5 years agoin reply to this

            MM was asking about citizenry, UCV. Before mocking, answer the question, who do you know that has benefited from these low interest rates?

            1. uncorrectedvision profile image59
              uncorrectedvisionposted 5 years agoin reply to this

              The Fed rate of 0% isn't a consumer rate - it is part of the American banking system.  That is the answer.  The interest rates set by the Federal Reserve are not consumer rates but rather rates available for banks to borrow from each other and from the Fed.  Consumer and Commercial rates are always higher.

              Which is precisely why I said a little reading would be good.  before delving into how Britain handles its consumer and commercial banking I would need to do some reading.

              1. Hollie Thomas profile image60
                Hollie Thomasposted 5 years agoin reply to this

                Then MM does not need to do a little more reading on this topic. On a citizenry
                level there are no advantages, pretty much.

                1. uncorrectedvision profile image59
                  uncorrectedvisionposted 5 years agoin reply to this

                  When the operational costs of borrowing money go down other interest rates also go down.  The current rate on a home mortgage is lower than when my parents bought their first home in 1962.  There is an advantage.  And since when does the citizen not work for a bank, commercial enterprise or business benefit from their employers better position.  Since when does the consumer not benefit?  When businesses do better everyone does better.  It is when the state grows that we all do a little worse everyday.  The state cannot grow but at our expense.

                2. Evan G Rogers profile image77
                  Evan G Rogersposted 5 years agoin reply to this

                  NO. THIS IS INCORRECT

                  ARGH!!

                  When a bank is able to borrow money for free, it proceeds to spend it like it was free. Thus, it proceeds to mal-invest the money.

                  Then, resource prices increase dramatically in a short period because the new investors AND the normal consumers are spending money in an un-natural way. The long-term ventures end up costing more than they were supposed to and the bust ensues.

                  This is ABCT 101.

            2. Evan G Rogers profile image77
              Evan G Rogersposted 5 years agoin reply to this

              EVERY BANK.

              Oh, and I got a car at 0% interest last year.

          2. Evan G Rogers profile image77
            Evan G Rogersposted 5 years agoin reply to this

            OH yeah! UCV TOTALLY got me on THIS one!!! I have NO idea how commodities work!!!

            Oh ... wait... I made some $200 buying silver with little more than my pocket change over the last few years.

            Here's gold:

            http://s4.hubimg.com/u/6122475_f248.jpg

            If only I had heard of the Austrian School of Economics in 2000!!! I woulda been filthy rich.

            1. Mighty Mom profile image87
              Mighty Momposted 5 years agoin reply to this

              And if you buy that gold now, do you expect the price to continue rising?
              From what I hear it's at or pretty close to its peak.
              Or perhaps with commodities the plan is buy high sell high?

              lol That's for you, UCV just so you know I'm being a smartass not engaging in a genuine economics debate with Evan.

              1. Evan G Rogers profile image77
                Evan G Rogersposted 5 years agoin reply to this

                Enjoy poverty, MM.

                If you would like to understand money better, check out my hubs.

                1. Pcunix profile image92
                  Pcunixposted 5 years agoin reply to this

                  No thanks.


                  BTW, Evan: that's self promotion.  I'm only mentioning it because HP seems to be getting tougher about that.  It seems best to keep mum..

                2. Mighty Mom profile image87
                  Mighty Momposted 5 years agoin reply to this

                  Tell you what, Evan.
                  If Ron Paul becomes POTUS I will personally engage you as my financial advisor.'

                  1. Evan G Rogers profile image77
                    Evan G Rogersposted 5 years agoin reply to this

                    How about this:

                    If I can show you that Ron Paul predicted the Housing Bubble 5 years in advance AND also pinpointed Freddie and Fannie as culprits, will you take my advice?

                    Or how about if I show you that the Austrian School of Economics has consistently predicted almost every major Economic even in the 20th century years in advance?

                    Will you listen to me then?

                    No?

                    I won't waste my time showing you these predictions unless you say yes.

                    Mighty Mom: who are you going to listen to? The people who have been wrong consistently for 90 years? Or the people who have been right consistently for the past century?

            2. uncorrectedvision profile image59
              uncorrectedvisionposted 5 years agoin reply to this

              If silver were currently priced in it historical ratio with the price of gold you would be even wealthier.  Silver and gold are not the only commodities.  There must always be a buyer.  Timing is even more important because commodities are even more volatile than stocks.  I understand your love of Austrian School Economics - I share your enthusiasm, however, booms are the unnatural state of a price and we are currently in a precious metals boom.  The bust will come.

              1. Evan G Rogers profile image77
                Evan G Rogersposted 5 years agoin reply to this

                The bust will come with the demise of the dollar.

                1. uncorrectedvision profile image59
                  uncorrectedvisionposted 5 years agoin reply to this

                  The only thing supporting the dollar now is the train wreck that is the Euro and the complete and justifiable cynicism about the Yuan.

                  1. Evan G Rogers profile image77
                    Evan G Rogersposted 5 years agoin reply to this

                    And yet, you still mock gold?

                  2. recommend1 profile image74
                    recommend1posted 5 years agoin reply to this

                    big_smile big_smile  Blame everyone else for the overspending and greedy mismanagement of your economy huh !  big_smile

                    The dollar is dead as the world exchange currency, it is only still up at all through the heavy support of the Yuan and the puppy dog obeisance of the Euro.

                    Buy gold buddy, it is still at a low price against what it will be shortly !  or send me your dollars and I will put them into the safe and appreciating Yuan for you big_smile

          3. Mighty Mom profile image87
            Mighty Momposted 5 years agoin reply to this

            You never seem to know when I'm kidding.
            Does this make it any clearer for you?
            lol lol lol lol

        2. Evan G Rogers profile image77
          Evan G Rogersposted 5 years agoin reply to this

          I got my car at a 0% rate.

          So... yes. Me.

          ... that was easy.

          Either way, "buying cars at 0% interest" isn't what causes a boom and bust. It's when thousands of banks see "borrowing money indefinitely has no consequences" that they lend out money to business ventures.

          They compound because consumers are still buying resources. A bust will follow.

          MM: you can argue with me all you want. I'm right. Just as sure as a ball will fall back to earth, a bust will come in the next 5 or 6 years.

          1. Evan G Rogers profile image77
            Evan G Rogersposted 5 years agoin reply to this

            Why do people ask questions, and then when they get the answer they are looking for, they don't proceed to say "oh yeah, look at that!"

            1. profile image0
              JaxsonRaineposted 5 years agoin reply to this

              For the same reason why not a single Bain-basher, Romney-is-a-corporate-looter type has commented on my analysis of Romney's work at Bain either on these forums or on another forum on a debate website.

              When the truth doesn't agree with your claims, it's simplest to ignore it.

        3. Evan G Rogers profile image77
          Evan G Rogersposted 5 years agoin reply to this

          STOCKPILING CASH WOULD BE SMARTER THAN OWNING GOLD!??!?!

          BE YE DAFT?!

          Gold Value measured in dollars over the past 12 years:


          http://s1.hubimg.com/u/6122492_f248.jpg

          Dollar value relative to other commodities and currencies over the past 100 years:


          http://s4.hubimg.com/u/6122495_f248.jpg



          Ugh, why bother arguing? Go ahead and believe in your false prophets.

          I'll stick with 6,000 years of history.

          1. Mighty Mom profile image87
            Mighty Momposted 5 years agoin reply to this

            No. I think both ideas are ridiculous if practiced on any kind of widespread basis.

            1. Evan G Rogers profile image77
              Evan G Rogersposted 5 years agoin reply to this

              People who have hoarded money have lost wealth.

              It's a fact

              People hoarded gold have had their wealth at least stay stable.

              It's a fact.

              I'll stick with history. You go trust your false prophets.



              http://s2.hubimg.com/u/6122505_f248.jpg

              1. Pcunix profile image92
                Pcunixposted 5 years agoin reply to this

                If you actually knew anything about the history of gold, you'd know that it is a sucker buy right now.

                1. profile image0
                  JaxsonRaineposted 5 years agoin reply to this

                  Not necessarily. The entire EU is in danger of going bust. The US debt load will become unsustainable at our current pace within 10-20 years. The entire global economy could be thoroughly thrashed.

                  Gold is only a sucker buy if you think the global economy is going to do better in the future than it is right now.

                  1. Pcunix profile image92
                    Pcunixposted 5 years agoin reply to this

                    I think I know quite a bit more about gold than you do by virtue of  previous employment and involvement.

                    Gold is a sucker bet right now.  There are plenty of suckers who will be fleeced. 

                    I'm not against owning some gold and silver, but you should have bought it at  much lower price.  It has NEVER been a good investment -  you can make money with it, but that's speculating, not investing.  You want to trade in gold, fine. If you think it is a hedge against inflation, you have the wrong timing.

      3. Ralph Deeds profile image65
        Ralph Deedsposted 5 years agoin reply to this

        "That literally means that people have been borrowing money at 0% interest rates for 3 years."

        Evan  ???Which people have been borrowing at 0%? Oh! I forgot New York banksters are people, too. They are the only ones who've been borrowing at 0%. Ordinary folks have been LENDING at 0% or close to it which is what money market funds are paying. Moreover, the banksters and Freddie Mac have been makeing it hard for people to refinance their home mortgages at record low rates. Freddie Mac has been betting against refinancing at lower rates. That is, it is profiting by preventing people whose homes are under water from refinancing their mortgages at the current record low rates. They are currently under investigation for a conflict of interest and possible fraud. As you are aware, Gingrich has profited from his longstanding "consulting" relationship with Freddie and Fannie.

        1. uncorrectedvision profile image59
          uncorrectedvisionposted 5 years agoin reply to this

          One of your heroes, Barnie Frank, has been diddling in a long relationship with Fannie Mae.  Barry got huge campaign contributions from those Democrat run and protected Fannie Mae and Freddie Mac.  When GWB approached Congress to reform mortgage lending it was Democrats like Maxine Waters, Chris Dodd and Barnie Frank who fought to keep the status quo.  You are kvetching about Gingrich getting a pittance from an institution run by Democrats and protected by Democrats to the tune of Billions in bailouts and hundreds of millions in perks and bonuses. 

          It is fine that the Democrats who ran FM/FM into the ground and the mortgage industry and mortgage loans with them to receive millions in bonuses but let an entrepreneur approach a company to advise them on a better direction he better not be a Republican and he better not get paid.  Some times I wonder how much manure liberals can swallow as long as there is a (D) printed after the purveyors name.

        2. American View profile image61
          American Viewposted 5 years agoin reply to this

          More misinformation.

          Freddie CEO:

          "Refinancing is Freddie Mac's bread and butter in today's marketplace. Mortgage refinances represented an estimated 78 percent of our single-family purchase volume in 2011 and 80 percent in 2009 and 2010. In the last three years, we refinanced about $930 billion in mortgages – helping nearly 4.3 million American families lower thhttp://www.freddiemac.com/news/blog/ed_haldeman/20120131_refinancing_is_freddies_bread_and_butter_today.html?intcmp=FM12012020-1EPBeir payments or shorten their mortgage terms."

        3. Evan G Rogers profile image77
          Evan G Rogersposted 5 years agoin reply to this

          It was amazing to see you turn "they're lending at 0% interest rates" into "I hate Gingrich".

          That was pretty epic.

          Deeds, you're a Keynesian, so you actually want NEGATIVE interest rates. Having a discussion about this with you is largely moot.

          The discussion summarized:

          Deeds "more lending leads to better life! inflate inflate inflate!"

          Me "No, the Cantillion Effect is well documented, and there will be a burst. This short term political trick will end in millions of people having a decreased standard of living".

    3. uncorrectedvision profile image59
      uncorrectedvisionposted 5 years agoin reply to this

      Will you review the results when the unemployment figures are revised next week to an even less rosy level?

      Don't you have questions about the unemployment figures being compiled by those most likely to benefit from a more positive outlook?

      There is ample evidence that the universe of jobs has contracted and distorted the unemployment rate.  The percentage of working age people actually employed is at an 30 year low.  Youth unemployment has not been higher since the compiling of that data.

      Perhaps the stock market is responding to the possibility of another round of Fed Reserve debt monetizing.

      Since when is an unemployment rate over 5% good?  After all the average unemployment rate since 1983 has been 2 points lower than the current rate - even during the various recessions that occurred in the intervening years.

      Ironic the only time there has been such a protracted period of economic hardship in the country since 1900 has been while a Democrat occupied the White House.  Barry-Jimmy-FDR - awesome track record.

      1. American View profile image61
        American Viewposted 5 years agoin reply to this

        The unemployment numbers are not accurate. If you have been following my articles and shows, I said this was going to happen. First several months ago, about 1 million people were not counted in order to drop the numbers. This month it is 2.8 million people. Add them back in and lets see where the unemployment numbers are. Next, how is it that there are almost 400,000 new job claims per week  and unemployment go down. Even the CBO reports say Obama's numbers are not accurate. Notice too absent from the report, unemployed veterans, the ones Obama ask 5 billion dollars to help find jobs. I could go on by showing a state by state breakdown not supporting the Fed number.

        1. uncorrectedvision profile image59
          uncorrectedvisionposted 5 years agoin reply to this

          One of the most telling statistics is that only 63.7% of working age people are in the labor force.  This is the lowest participation rate in decades.  Once women entered the labor force that number steadily climbed to a high in the late 1990s early 2000s.

        2. Pcunix profile image92
          Pcunixposted 5 years agoin reply to this

          But payroll figures increased.  That's why Wall Street reacted as it did.

          But the GOP will try to do something to make things worse again.  They will justify it to themselves as "greater good".

          1. Mighty Mom profile image87
            Mighty Momposted 5 years agoin reply to this

            That's exactly why Obama told Congress today "Don't muck this up."
            One of these days he will figure out that only reverse psychology works with the toddler mentality GOP.
            Whatever he tells them to do they will do the opposite. Especially if it harms Americans.

            1. profile image0
              JaxsonRaineposted 5 years agoin reply to this

              You should look at my analysis of the employment rate MM. It's a load of bull. We have 21% more non-working adults, percentage-wise based on the workforce-age population, than we did in 2008.

              1. Mighty Mom profile image87
                Mighty Momposted 5 years agoin reply to this

                Wall Street isn't reacting to 4-year old numbers, however.

                1. profile image0
                  JaxsonRaineposted 5 years agoin reply to this

                  Markets are manipulated. There are big players with their own agendas. Everything else is traders, investors, and speculators just riding the waves. The markets don't reflect reality, they reflect the agenda.

                  Trust me, most traders know when they are getting a load of bull, but they also know that the market will act like the bull is true. If they go against it they will lose.

                  2.6 million less jobs in Jan than Dec. That's the reality. It's only reported 'seasonally adjusted'(and SA isn't consistent) to make things look better than they are. The job rate isn't getting better. Look at the percentages, it's stagnating.

            2. uncorrectedvision profile image59
              uncorrectedvisionposted 5 years agoin reply to this

              8.5% unemployment is awesome.  Wish we could have had that during the 90s and early 200s we had to struggle along with unemployment rates in the 4-5-6 range -- horrors.  When the Republicans ran Congress unemployment rates were low - regardless of which party was in the White House - history repeats?

              1. Mighty Mom profile image87
                Mighty Momposted 5 years agoin reply to this

                No argument here.
                If we could somehow rewind the economic clock to the go-go '90s and skip right over 2007-2011 and land here like Dorothy in Oz we'd all be hubbing from   our yachts and private islands.

                Reality bites. Or Bytes, in the case of our hubber pal.

                1. uncorrectedvision profile image59
                  uncorrectedvisionposted 5 years agoin reply to this

                  The Obama Depression isn't finished.  It is likely to gain renewed vigor when he is re-elected in November as a lame duck and all the anger he hints at when the blamer-in-chief petulantly targets a sector of the economy to vilify is freed from any electoral constraint to ravage the last few productive vestiges of a once great country.

                  Time to lay in those survival supplies kidlings.

          2. profile image0
            JaxsonRaineposted 5 years agoin reply to this

            No, payroll figures decreased by 2.6 million jobs. Don't by into the political crap.

            Wallstreet reacts the way it does because it's just a big game. There are a few large players that make things move, and lots of small investors that just ride the waves. The markets aren't an accurate representation of things.

          3. American View profile image61
            American Viewposted 5 years agoin reply to this

            "Payroll figures increased"

            I find it odd that one DOL report says just that, but another DOL report for the same month of January 2012 says the opposite. So did the CBO this week in a report. Not to mention all the states unemployment numbers do not support that the rate went down or even support the number of new jobs the DOL is claiming. Gee did the President not just say in the SOTU that manufacturing is down. Did the CPI last month not report wholesale and manufacturing were down? Sorry, way to many reports contradict the jobs report

            1. profile image0
              JaxsonRaineposted 5 years agoin reply to this

              Here's something interesting.

              From Dec. 07 to Jan. 08, 2% of all jobs were lost(due to seasonality). That statistic was Seasonally Adjusted to be an increase of 40,000.

              Under Obama, from this Dec. to this Jan, 2% of all jobs were lost, and that was Seasonally Adjusted to be an increase of 243,000.

      2. Angie497 profile image80
        Angie497posted 5 years agoin reply to this

        Of course, it could also be noted that each of those Democratic presidents inherited an economy that had already tanked, and in the case of FDR & Clinton, who you forgot to mention, the economy improved during their terms in office. Carter admittedly had no such luck, and it's too early to pass judgement on Obama's final results.

        1. uncorrectedvision profile image59
          uncorrectedvisionposted 5 years agoin reply to this

          The economy under FDR reached it nadir and languished there.  It took twenty years - most of which was while FDR was President - for the Stock Market to regain its level from before the crash.  FDR ran against Hoover's policies but once elected expanded and extrapolated on those policies - that should remind you of Barrack Obama.  The recession that you say Clinton inherited was over before the 4th quarter of 1992 - it did not follow him into office.(just because a political animal says - "Its the economy, stupid" doesn't mean it is)

          Every protracted economic down turn in the 20th and now 21st centuries has corresponded with a Democrat Congress.  The worst also included a Democrat in the White House.  There have been numerous recessions since the end of WWII, this is the longest one - by far.

          http://en.wikipedia.org/wiki/List_of_re … on_onwards

          We are in the most languid recover since the Great Depression. It will take a decade of growth in excess of 3% per year to bring back the jobs that Democrats have killed with their anti-business rhetoric and over regulation and down right stupid moves - like destroying the Gulf Oil industry because oil drilling is scary.

           
          http://s3.hubimg.com/u/6124202_f248.jpg

          The Blamer-in-Chief has no one to thank for the thousands of jobs that have been destroyed in every industry he decides to attack but himself.  He has attacked the employers of thousands of hard working Americans - that is just brilliant.  Insurance companies, banks, pharmaceutical companies, jet aircraft manufacturers and operators, oil companies(that goes way beyond Exxon) have all been the target of his hateful commentary and name calling.

          Like most liberals he does not comprehend that businesses are made up of thousands of people.  Liberals mocked Romney when he said, "Corporations are people."  They are - Wal-Mart Corporation is made up of 2.1 million people - if you destroy the corporation you harm those people.  But that is what liberals in the White House and Congress do - destroy the lively hood of people. 

          Good luck with the whole, Democrats inherited malarkey.  Americans are starting to wake up to the fact that the only thing liberals know how to expand is poverty.

    4. habee profile image95
      habeeposted 5 years agoin reply to this

      Don't get too excited yet. According to CNBC, 1.2 million unemployed people have stopped looking for jobs, so they're not figured in the unemployment numbers:

      http://www.realclearpolitics.com/video/ … r_low.html

      1. Hollie Thomas profile image60
        Hollie Thomasposted 5 years agoin reply to this

        That's according to CNBC though, Habee. Is the report factual?

        1. habee profile image95
          habeeposted 5 years agoin reply to this

          lol lol

      2. American View profile image61
        American Viewposted 5 years agoin reply to this

        Actually it is 2.8 million that did not get counted yet they still collect unemployment

    5. Evan G Rogers profile image77
      Evan G Rogersposted 5 years agoin reply to this

      Dow Jones measured in gold prices:



      http://s4.hubimg.com/u/6122499_f248.jpg

      Translation? When measured in dollars, things go up (because there are more dollars to exchange), when measured in gold, we're poorer (despite the small amount of increase in gold supply)

  2. billybuc profile image91
    billybucposted 5 years ago

    Oh my, I am laughing quite hard right now.  Thanks, Mighty, for the laugh and dose of altered reality! Oh, for the good old days, right?

    1. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      Oh yeah, y'all need a new Bush. Life was so much better then. Hell, he didn't make mistakes.

  3. Mighty Mom profile image87
    Mighty Momposted 5 years ago

    You are so astute, Hollie.
    I'm surprised there haven't been more comparisons drawn between Bush and Romney. Now that Rick Perry (Bush on steroids) is out of the race, Romney is actually sounding more and more like W every day. I think he is rapidly losing articulation and devolving into malapropism!

    Billybuc!How are ya friend?
    How nice to see you venturing into the viper pit (aka politics forum) with us!
    smile

    1. billybuc profile image91
      billybucposted 5 years agoin reply to this

      I am doing well Mighty; thought I'd give it a whirl and see if I can't stir it up a bit.

      1. Hollie Thomas profile image60
        Hollie Thomasposted 5 years agoin reply to this

        Welcome, billybuc.

    2. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      , Romney is actually sounding more and more like W every day.

      When you stick your hand up someone's bum (sorry to be crude) and then work their mouth, they speak with the same accent. I look at our ( I use that term loosely) PM. His puppet master is bi-lingual.

      1. Mighty Mom profile image87
        Mighty Momposted 5 years agoin reply to this

        Righteo. That is quite the visual lol
        Speaking of the good old pre HOPE days of 2000-2008, don't you miss Bush and his lapdog Tony? I sure do!! What a fine pair.

        Not looking like this topic is going to pick up steam. I can never tell what's going to stick in people's craw and draw out the extremists...
        We'll see.

        1. billybuc profile image91
          billybucposted 5 years agoin reply to this

          Oh, it picked up steam for sure...as soon as you mentioned Bush steam came out of my ears.

          1. lovemychris profile image78
            lovemychrisposted 5 years agoin reply to this

            He has that same effect on me!

        2. Hollie Thomas profile image60
          Hollie Thomasposted 5 years agoin reply to this

          Bush and the poodle, do I miss them....emmm. We still have a poodle Mcomplex, bankers etc.etc.) However, I think that Cam the flam and Obama are very different people, thank florence!! I definitely prefer Obama.

          It will pick up steam, the opposition just have to plan their retaliation. I mean, after all, they can honestly jump on the way Obama has destroyed the economy, unemployment is on the up. They have so much to jump on. Right? lol

  4. knolyourself profile image60
    knolyourselfposted 5 years ago

    The big boys and the banks. They borrow for zero interest and lend it out for 3 to 6 percent or who knows higher.

    1. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      Exactly, the big boys and the banks are the only ones to benefit from 0 rates of interest. Not the citizenry.

      1. Hollie Thomas profile image60
        Hollie Thomasposted 5 years agoin reply to this

        Except with lowered (not zero) rates  on their mortgages. Which is great if you have a job and can pay your mortgage.

  5. knolyourself profile image60
    knolyourselfposted 5 years ago

    Mortgages are cheap now for those who can afford a mortgage. They have said they are going keep zero interest to 2014. This probably indicates that they
    expect the economy to be bad at least 'til then, and if they can maintain the US dollar as the world's reserve currency.

    1. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      Do you think Knol, that the US dollar will be maintained as the world's reserve?

  6. knolyourself profile image60
    knolyourselfposted 5 years ago

    It is what the whole Iran drama is all about. No one trades oil in anything but dollars or euros or else.
    See Iraq and Libya. Iran was trading in other currencies and had the nerve to set up their oil market. Now these Iran oil sanctions are causing other countries like China, India, maybe Japan and South Korea and some others to have to trade in gold or their own currencies. Exactly what the US does not want. Go figure. Thus it is now war with every word.
    America is ruined if countries stop using the dollar.
    War to stop it and world depression. No war to stop it and American depression. Which will it be is any body's guess.

    1. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      In effect then, the US is acting against their own interests. If these sanctions are causing some of the BRIC and other asian countries to use gold for the transactions, it is counter productive to US ambitions? I think they are all FOOLS.

  7. knolyourself profile image60
    knolyourselfposted 5 years ago

    "I think they are all FOOLS." There seems to be no overestimating the lunacy of the US managing ruling class these last ten years. Now the European Union has voted for Iran oil sanctions, which only hurts them and may bring down the union since many European countries need Iran's oil. Great for the US, get rid of the Euro. But the US now has official pentagon policy right out of a James Bond movie, "Full Spectrum Dominance" of the world.

    1. Hollie Thomas profile image60
      Hollie Thomasposted 5 years agoin reply to this

      I also think they are all DEVIOUS. The conditions are ripe for world war III. Do I sound paranoid? I can't help but think there is some (other) agenda here, one which we have not truly considered. Or maybe we have. Either way, the ruling class do not believe that THEY will be in the line of fire, hunger or desperation, when the world becomes even more insane than it is now.

      1. lovemychris profile image78
        lovemychrisposted 5 years agoin reply to this

        Underground cities....or bunkers, where Cheney went to manage 9/11 wink

  8. profile image0
    JaxsonRaineposted 5 years ago

    Unfortunately, the information we are getting about jobs isn't reliable. 'Seasonal adjustment' is just a way of presenting bad news as good news.

    2.68 million jobs lost from December to January, but that is 'seasonally adjusted' to 243,000 jobs created.

    Also, the stock markets aren't a true indication of the strength of the economy. Stocks and foreign exchange have a tendency to be inversely related... i.e. when the internal markets go up, the dollar usually weakens.

  9. habee profile image95
    habeeposted 5 years ago

    Look pals, I hope the economy does improve - soon. If Obama's plans work, I won't be eager to change metaphorical horses in the middle of the metaphorical stream. What hits hubby and me hardest, on a personal level, is the housing market and home values.

    1. profile image0
      oldandwiseposted 5 years agoin reply to this

      I agree, housing market and values are way down. But Romney wants more homes to go into foreclosure, purchased by investors, and rented out. I see that as the rich getting richer when values go up. Makes more sense to me, if the folks in the homes now, worked out new mortgage arrangements, helping them keep their homes. As you know in our area of the country many landlords are slum lords that were bringing down property values before the bubble burst. Most home owners increase a neighborhoods home values, where landlords are notorious for letting the properties get run down, bringing all the neighborhood home values down..

      1. Jean Bakula profile image98
        Jean Bakulaposted 5 years agoin reply to this

        Hi MM,
        I've been staying off the political forums, if I have to see one more R debate I'll die of boredom. I like the reverse psychology idea with Congress. I can't believe Romney sang America The Beautiful in his desperation. Why would we elect a corporate raider who looks like a Ken doll? And do all the R men need blonde wives? Is it one of the requirements to have a blond staring at you adoringly when she probably can't stand you? Then Santorum stands with his family, who look so bored to be there. I'm sick of seeing Planned Parenthood demonized too. They provide pap smears and breast exams many women cannot afford. Abortions account for 2% of what they do. Even Mrs.Santorum backed off her hubby's story of how she almost died giving birth to their last child, and at first she said to save the child. Then she says she "got her mind back" and realized "who would be there to care for my other three children if I died." I can't stand any man who would be proud to say he'd let his wife die to have yet another child. He's a moron.

        1. Mighty Mom profile image87
          Mighty Momposted 5 years agoin reply to this

          Hi Jean,
          Blonde adoring wife.
          It's on page 19 paragraph 5 of the GOP Candidate's Playbook.

          Agree, with Perry and Cain gone, the the campaign isn't fun to watch anymore. It is interesting to watch the reluctant Romneyites suddenly standing up for him, tho. It's almost like "We don't really like him and can't really warm up to him but by gosh we're gonna fight anyone who says anything bad about old Mitt." lol

          I'm pretty upset with Komen, too.
          Although my personal experience with the organization had already dropped the Komen "brand" down a few notches in my book before this news hit.
          They won't even be honest about what they did and why they did it.

          1. habee profile image95
            habeeposted 5 years agoin reply to this

            MM, you need to brush up on your Official GOP Handbook. That rule is actually on page 20 - not on page 19. Maybe you're using the old edition?

        2. uncorrectedvision profile image59
          uncorrectedvisionposted 5 years agoin reply to this

          You mean like this, formerly pro-life, power couple?


          http://s1.hubimg.com/u/6124240_f248.jpg

  10. ImKarn23 profile image78
    ImKarn23posted 5 years ago

    Here we go again! Didn't we just watch a bubble burst about 3 years ago now?? I can't understand why they keep 'inflating' them - is it to keep the masses under control? Content? Subdued? The 'Masses' know they are still starving to death, can't get a job, can't get a loan, and can't get a house. They know their kids can't either. It's so annoying that politicians and the powers that be think they can say it and therefore - it is. American has to keep an eye on her arrogance or take the road of the Greek and the Roman Empires. Wall Street still has the same criminals running it as it ever had. While I agree that Obama is obamanible, Romney ain't getting voted president anytime in this lifetime. No way, no how. Unfortunately, the lack of quality candidates on the gop ticket is serving Obama up his second term in office! He should thank them!

    1. uncorrectedvision profile image59
      uncorrectedvisionposted 5 years agoin reply to this

      Bubbles are inflated because people don't understand how economies work and people like Alan Greenspan and Ben Bernanke serve the Federal Reserve not the economy.  Ever expanding bubbles resemble real economic growth though they are a profound threat there to.  The housing bubble has not fully deflated and if left to the mechanisms of the market would be much closer to reaching an equilibrium price than it will be with more government intervention that is sure to delay the actual, real world end to the Obama Depression.

      Much like the FDR Depression, this one is being extended by the constant tinkering and tampering.  The borrowing, inflating and spending are not helping.  In 2007 when Bear Sterns was about to die my son said they were discussing what the government should do - he answered his liberal teacher with, "Let it burn."  Wise beyond his years.

      If "let it burn" had been the position of the Bush Administration in 2007 we would be on the other side of the Obama Depression by now.  We are not in a recovery.  We are in a distorted economy.  Recoveries are not so anemic.

      The Post-Depression Boom lasted into the 1950s despite high taxes Eisenhower maintained to pay the WWII debt.

      The Post-Carter Boom continued until the collapse of the housing bubble.

      The Post-Obama Boom will not come because this is our last year with a semblance of economic liberty.  The inevitable re-election of Obama will insulate the daffy liberals from enacting, through extra constitutional means, so many onerous regulations and rules that what ever hope may remain for the economy will be dashed to pieces on the rock of Barry's anti-Americanism.

      1. ImKarn23 profile image78
        ImKarn23posted 5 years agoin reply to this

        I agree 100%. I'm a definite advocate of the 'let it burn' philosophy! How can the USA say it hates socialism in one breath - and hand money out to failing companies in the other. AND - to companies that managed to rob themselves blind - and the general public! I also wonder why they use the exact same tactics that failed so miserably in the 30's? A road traveled always ends at the same location, yes?..no?...lol

  11. lovemychris profile image78
    lovemychrisposted 5 years ago

    I watched Market Watch this a.m. on New England Cable News.....seems that the Eatern seaboard is doing quite well! Businesses are very optomistic...in fact they work WITH gvt to create jobs...and one of them was voted best in the country to work at...an investment firm!

    Yup...they have imagination and courage. Not doom and gloom. So, if'n youse wanna catch up, better drop the GOP loser mentality!

    America is on the mend....with or without you.

    1. profile image0
      oldandwiseposted 5 years agoin reply to this

      Lovemychris, I agree 100%.

  12. YogaKat profile image87
    YogaKatposted 5 years ago

    Yes . . . thanks Chrismylove.  I was following this snowball of vitriol and pessimism and NOW my glass is half full and the sun is shining.  It is 7:45 PM here in Hawaii and for the first Christmas in years, tourism flourished.

 
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