The economy, is it good or bad. (Page 154/181)
84Bill JAN 15, 11:08 AM

quote
Originally posted by Uaana:
Last thing we need is another thread killed by people showing Bill where he's wrong.



Umm yeah.. after all thats what this thread is all about isnt it Uaana... proving that 84Bill is not just wrong but the economic idiot?


quote

I know it's tempting to tear him apart personally but for the most part he just copy/pastes the latest gloom and doom message.
Just stick to tearing apart the articles that he posts, for the most part it's been pretty easy.



Yes, I'm the cut-n-paste king posting economic news... Here is a cut-n-paste from yesterday.

I understand that it is dificult to grasp what an "indicator" is but the basic explanation is they are forward views into growth.

If "normal" growth were to continue then the reports need to show growth equal to or greater than expected for the economy to be making any real headway. Each year business crop up, people who work get raises and buy things so growth has a fairly predictable rate. When that growth falls under that prediction then there is a "potential" problem which facilitates further problems in the market such as people selling their stocks to maintain spending. When companies lose value thru income of the sales of their stocks & combine that a drop in product sales they dont have the money or "stock leverage" to borrow against to self sustain and then must lay off. The reason they lay off is to make their books look like they are in the black which is "true" but is not an accurate "indication" of their economic health and purchasing power.

So when the indicators show growth it doesnt mean that the growth has any real meaning if it falls short of the mark. Market speculators have already indicated that due to the "reduced growth" there appears to be a problem. Combine that with massive infusions of money into the market and interest rate cuts to keep it from crashing is further proof that the economy is in a weakened condition.

The doom and gloom as everyone puts it is a warning. Its very similar to "red skies morning, sailors warning."
Prepare for the storm or just say screw it and press on as if nothing will happen as the good ship U.S.economy rounds the horn.

[This message has been edited by 84Bill (edited 01-15-2008).]

Uaana JAN 15, 11:18 AM
Originally posted by 84Bill:

Look aceman... this is called economic news and thats what this topic is all about... the economy and what is affecting it.

This is having an adverse effect on on the market.
Dow...., 12,579.23 -198.92 / -1.56%
Nasdaq, 2,428.19 -50.11 / -2.02%
S&P...., 1,387.65 -28.60 / -2.02%

Day to Day numbers now.. why not do min by min for the day traders? BTW where were the numbers at close last fri?

Re-wrote this for you.
Sales in November and December rose 3 percent -
The 3 percent increase
"I don't think this report alone can make the point that we're in full-blown recession,"
The NRF said Monday that it expects retail sales to grow 3.5 percent in 2008
"Shoppers will seek to pay down debt, spend more in line with income growth, and approach discretionary purchases with more restraint,"
Sellers of food and beverages logged a 0.7 percent increase and furniture stores also escaped the broad downturn to post a 0.6 percent sales gain last month
Uaana JAN 15, 11:24 AM

quote
Originally posted by 84Bill:


Umm yeah.. after all thats what this thread is all about isnt it Uaana... proving that 84Bill is not just wrong but the economic idiot?

The doom and gloom as everyone puts it is a warning. Its very similar to "red skies morning, sailors warning."
Prepare for the storm or just say screw it and press on as if nothing will happen as the good ship U.S.economy rounds the horn.




Nope, just showing that the news you're posting is written to raise fears and is not always as bad as the rhetoric in it makes it out to be.
As I said to Steve, most of this news you guys have been posting is a good warning, gives people an idea of where to save or shift money too.
True, the economy has been better, but it's also been a hella lot worse.
Again.. just look at the long term numbers, we might be in a slight dip.. but nothing to start jumping out of windows over.
84Bill JAN 15, 11:39 AM

quote
Originally posted by Uaana:
True, the economy has been better, but it's also been a hella lot worse.
Again.. just look at the long term numbers, we might be in a slight dip.. but nothing to start jumping out of windows over.



Yet.

Want to post your prognostications on what the fed will do to keep those people from jumping out of them windows?
84Bill JAN 15, 11:40 AM

quote
Originally posted by Uaana:
Re-wrote this for you.
Sales in November and December rose 3 percent -
The 3 percent increase
"I don't think this report alone can make the point that we're in full-blown recession,"
The NRF said Monday that it expects retail sales to grow 3.5 percent in 2008
"Shoppers will seek to pay down debt, spend more in line with income growth, and approach discretionary purchases with more restraint,"
Sellers of food and beverages logged a 0.7 percent increase and furniture stores also escaped the broad downturn to post a 0.6 percent sales gain last month




LOL

Perfect time to repost my cut-n-paste.

I understand that it is dificult to grasp what an "indicator" is but the basic explanation is they are forward views into growth.

If "normal" growth were to continue then the reports need to show growth equal to or greater than expected for the economy to be making any real headway. Each year business crop up, people who work get raises and buy things so growth has a fairly predictable rate. When that growth falls under that prediction (indication) then there is a "potential" problem which facilitates further problems in the market such as people selling their stocks to maintain spending. When companies lose value thru income of the sales of their stocks & combine that a drop in product sales they dont have the money or "stock leverage" to borrow against to self sustain and then must lay off. The reason they lay off is to make their books look like they are in the black which is "true" but is not an accurate "indication" of their economic health and purchasing power.

So when the indicators show growth it doesnt mean that the growth has any real meaning if it falls short of the mark. Market speculators have already indicated that due to the "reduced growth" there appears to be a problem. Combine that with massive infusions of money into the market and interest rate cuts to keep it from crashing is further proof that the economy is in a weakened condition.

The doom and gloom as everyone puts it is a warning. Its very similar to "red skies morning, sailors warning."
Prepare for the storm or just say screw it and press on as if nothing will happen as the good ship U.S.economy rounds the horn.
Uaana JAN 15, 11:47 AM
Well there is a pretty easy and quick fix to the "problem" get the pres/house/senate to cut taxes across the board by 5%.
Submit a budget that has cuts in it instead of pork spending.

The Fed cutting interest rates is a short term solution while we wait for our lawmakers to get off their ass and do something other than pass resolutions against Rush Limbaugh
Formula88 JAN 15, 11:48 AM
Discussion of the economy is good. But if all the thread ends up being is a copy and paste of selected news stories, wouldn't an RSS feed be easier and more efficient?
Uaana JAN 15, 11:51 AM

quote
Originally posted by 84Bill:


Yet.

Want to post your prognostications on what the fed will do to keep those people from jumping out of them windows?



I know this wont go over well..

But Bill..is there anything good in your life? Just noticing that all your posts seem to be about how the US sucks, Economy sucks, VA/Military Sucks, .. see the trend?
I'm not exactly Mr. Happy.. but damn dude.. you make me sound like a Buddist/Krishna/Stuart Smiley
Uaana JAN 15, 11:53 AM

quote
Originally posted by Formula88:

Discussion of the economy is good. But if all the thread ends up being is a copy and paste of selected news stories, wouldn't an RSS feed be easier and more efficient?



What's the feed for "everything in the US sucks"?

Is it from a French or Canadian blog?
Formula88 JAN 15, 11:56 AM

quote
Originally posted by Uaana:


What's the feed for "everything in the US sucks"?



84Bill