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Old 03-05-2013, 11:05 PM   #41
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Again, stick to attorneying or learn about economic cycles, leading economic indicators, lagging economic indicators, etc. Don't just copy/paste some shite chain email that has no idea what it's trying to infer.
You realize I am an Omicron Delta Epsilon Economics major right? Also, I do not think we are in a recession but 0.1% growth is not what I would classify as a recovery or reason for the DOW to shoot the moon.

Edit: Not trying to pull rank or anything as I obviously don't work in finance, but you're being a little condescending considering my credentials.
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Old 03-05-2013, 11:09 PM   #42
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You realize I am an Omicron Delta Epsilon Economics major right? Also, I do not think we are in a recession but 0.1% growth is not what I would classify as a recovery or reason for the DOW to shoot the moon.
I can pm you my email if you want to send me your resume for street cred.

I majored in finance and minored in economics and on top of that, I deal with this stuff on a daily basis. What year was the annual GDP growth 0.1%?

Edit: Your cookie cutter chain email post about "economics" from last page is below your credentials, was my point.
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Old 03-05-2013, 11:15 PM   #43
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Lol. I really enjoy this place.
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Old 03-05-2013, 11:16 PM   #44
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I can pm you my email if you want to send me your resume for street cred.

I majored in finance and minored in economics and on top of that, I deal with this stuff on a daily basis. What year was the annual GDP growth 0.1%?

Edit: Your cookie cutter chain email post about "economics" from last page is below your credentials, was my point.
That was a list I pulled from zero hedge. Regardless of the source, there are many metrics that you can look at that indicate that the economy is not doing anything good right now. Hell, unemployment is the same as when BO took office with even more people out of the work force. This Keynesian utopia is nothing more than the emperor having no clothes.

The 0.1% was the 4Q last year. That's life support. The year was 2.2 compared to 1.8 the year prior. To make matters worse, the 0.1% was partially affected by less government spending, showing IMO that we're far too reliant on government spending in our economy.
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Last edited by Act of God; 03-05-2013 at 11:19 PM.
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Old 03-05-2013, 11:21 PM   #45
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That was a list I pulled from zero hedge. Regardless of the source, there are many metrics that you can look at that indicate that the economy is not doing anything good right now. Hell, unemployment is the same as when BO took office with even more people out of the work force. This Keynesian utopia is nothing more than the emperor having no clothes.

The 0.1% was the 4Q last year. That's life support.
Zero Hedge functions on the "a broken clock is right twice a day" idea. They have good information every once in a while, but other than that I don't put much weight in them.

If you look at leading and lagging economic indicators the economy is in a definite recovery and there are some silver linings, and of course problems.

Looking at UE numbers in a vacuum isn't going to do much good, nor is looking at two separate points to fit an argument. One has to look at the historical trend, and the factors surrounding them. The labor participation rate is definitely something to be concerned about.

I'm aware that the 0.1% was for Q4 last year....despite that the 2012 GDP growth was 2.4% and would have been higher had it not been for Sandy.
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Old 03-05-2013, 11:27 PM   #46
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Zero Hedge functions on the "a broken clock is right twice a day" idea. They have good information every once in a while, but other than that I don't put much weight in them.

If you look at leading and lagging economic indicators the economy is in a definite recovery and there are some silver linings, and of course problems.

Looking at UE numbers in a vacuum isn't going to do much good, nor is looking at two separate points to fit an argument. One has to look at the historical trend, and the factors surrounding them. The labor participation rate is definitely something to be concerned about.

I'm aware that the 0.1% was for Q4 last year....despite that the 2012 GDP growth was 2.4% and would have been higher had it not been for Sandy.
Also, I primarily posted because OP thought this was an Obama "omg the economy is awesome right now" victory dance thread. Considering the way the Fed works we typically go through bubble/bust cycles and I feel that this will possibly be the next one. I'm not alone in that thought. Additionally, the economy is certainly not awesome right now.
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Last edited by Act of God; 03-05-2013 at 11:41 PM.
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Old 03-06-2013, 06:05 AM   #47
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It is Obama's fault that gas prices are high.
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Old 03-06-2013, 07:38 AM   #48
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It is Obama's fault that gas prices are high.
Just like it was Bush's fault right?
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Old 03-06-2013, 09:51 AM   #49
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So the market is essentially right where it was 6 years ago. During the intervening period, inflation reduced the real value of the DJIA index by about 7%. The media and the Democrats might be cheering this latest bit of news, but it has no real value to the tens of millions of retail and institutional investors that participate in the financial markets.

The two biggest culprits are Congress and the White House, both of which seem to have no problem with economic stasis even as it comes at the expense of an increasing underclass of marginally attached workers.
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Old 03-06-2013, 10:16 AM   #50
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So the market is essentially right where it was 6 years ago. During the intervening period, inflation reduced the real value of the DJIA index by about 7%. The media and the Democrats might be cheering this latest bit of news, but it has no real value to the tens of millions of retail and institutional investors that participate in the financial markets.

The two biggest culprits are Congress and the White House, both of which seem to have no problem with economic stasis even as it comes at the expense of an increasing underclass of marginally attached workers.
The majority of Americans are only able to comprehend a few economic indicators. The DJIA is one of those indicators. They see a big number and just assume things are moving in the right direction.
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Old 03-06-2013, 10:38 AM   #51
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The majority of Americans are only able to comprehend a few economic indicators. The DJIA is one of those indicators. They see a big number and just assume things are moving in the right direction.
Very, very true. Although it can be said that there is a very tangible psychological component to an economy.
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Old 03-06-2013, 10:41 AM   #52
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Very, very true. Although it can be said that there is a very tangible psychological component to an economy.
Like when people think the economy is still in the shitter because unemployment is high despite the fact it's a lagging indicator?
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Old 03-06-2013, 11:05 AM   #53
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Like when people think the economy is still in the shitter because unemployment is high despite the fact it's a lagging indicator?
No not what I was referring to. Not even close. I'm talking about if you go around telling people the economy sucks it becomes a self fulfilling prophecy because people alter their behavior based on said bad news. Likewise applies for good news, but I suspect not as powerful
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Old 03-06-2013, 02:08 PM   #54
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It is Obama's fault that gas prices are high.
It is, because he won't approve the pipelines. Because he has to keep his word the the environmentalists that voted him in. But everyone knows it's best for North America to build the pipelines.
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Old 03-06-2013, 02:15 PM   #55
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It is, because he won't approve the pipelines. Because he has to keep his word the the environmentalists that voted him in. But everyone knows it's best for North America to build the pipelines.
Best for Canada.
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Old 03-06-2013, 02:34 PM   #56
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It is, because he won't approve the pipelines. Because he has to keep his word the the environmentalists that voted him in. But everyone knows it's best for North America to build the pipelines.
Gas prices are controlled by the POTUS? Sheesh, that's news to me.
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Old 03-06-2013, 03:42 PM   #57
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What? You didn't know?

- If the DOW increases, it's the opposite party's legislation that was passed during their presidency, but it's the current party's president who did it
- If the DOW decreases, it's the opposite party's president who is ****ing up, but it's the current party's president who is dealing with the other party's problems

Duh.
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Old 03-06-2013, 04:04 PM   #58
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It is, because he won't approve the pipelines. Because he has to keep his word the the environmentalists that voted him in. But everyone knows it's best for North America to build the pipelines.
So it as the environmentalists that voted him in?

The pipelines are best for North America or best for your wallet?
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Old 03-06-2013, 05:17 PM   #59
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bush's fault.
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Old 03-06-2013, 05:20 PM   #60
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Gas prices are controlled by the POTUS? Sheesh, that's news to me.
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