Posted on 10/29/2009 8:38:26 AM PDT by dangus
“W” shaped. Hopefully not “n” shaped.
Ok now..that was the best I could do in a short time.
but I still think it fits:
Etymology: based on an earlier meaning of a monkey on your back (a habit of using an illegal drug)
>> I am so sick of people trying to substitute their doom mongering political spin for objective economic or financial analysis <<
I don’t think you’re at all fair to me. I’m not doom-mongering. In fact, I’m fairly bullish on the long-term economy. I don’t believe in peak energy, and I see a huge number of technological advances which could reignite the industrial age, which has heretofore given way to the information age.
I have seen articles predicting 100-trillion-dollar bank failures and the collapse of our entire financial system. Or talk of the “real” unemployment rate hitting 30%. You don’t see that in my articles, because I don’t concur with their predictions. But I do believe the FY2009-2010 growth will be insufficient to reverse escalating unemployment rates within that fiscal year, or restore our budget deficits to economically sustainable levels. And, yes, I believe a debt which grows at a rate less than the rate at which the GDP (unadjusted for inflation!) grows is economically sustainable, so I’ve not even been one of those deficit alarmists... until the deficit went completely berzerk in 2008.
And none of my statements can be predicated on any such economic or fiscal disasters taking place.
The GDP rebound is here. The stock market rebound has been here for 6 months. The bond market rebound has been here for 9 months and change. Everyone who has listened to me about it has made money and lots of it.
Stop lying.
Complain to the US government; they’re who make the “minus motor vehicle” nad “minus food and fuel” categorizations.
>Yeah ... I got a lil’ Cap’n in me ....
Soon I’ll have a little porter in me. (The problem of living within a block of a brewery is that you can always take a little walk for more.)
>> The GDP rebound is here. The stock market rebound has been here for 6 months. The bond market rebound has been here for 9 months and change. Everyone who has listened to me about it has made money and lots of it. <<
For the record, last Fall, I predicted on FR GDP growth by June. In June, I warned on FR not to be fooled by GDP growth of 3-5 percent. My investments are very aggressive, but mostly oversees to capitalize on the weak dollar. They rose 28% last quarter. (Unfortunately, I’m just starting out and have been focused on reducing debt, so that’s 28% of not a lot of money.)
I’ll admit, I didn’t expect the recession to be nearly this bad, arguing in 2Q 2008 that the economy was threatened only by doom and gloomers. But then, I didn’t expect the Bush Administration to scream, “OMG, We’re all going to DIE” to a special joint session of Congress. So events on the ground can always screw up predictions. Again, fortunately, I was paying off debts so wasn’t heavily exposed to the drop.
I’m simply reporting the data, with maybe an attention-grabbing headline; you’re the one giving (remarkably bad) investment advice.
O, and I’m leaving my money in the stock market, just moving more of it towards “Old Europe.”
Stop. Lying.
It isn't any cuter when you do it...
Until there's sufficient growth to pull even with the previous high, we will continue to be in serious trouble.
Obama hasn't got a clue about this and neither do any of the Commie pigs he's surrounded himself with.
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