Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

The Recovery That Roared
Townhall.com ^ | July 11, 2013 | Charles Payne

Posted on 07/11/2013 11:44:55 AM PDT by Kaslin

They say slow and steady wins all the time, and right now it's looking like it's true with respect to the economy and stock market. You can argue the recovery has been steady, and there's no doubt it's been slow, which makes the correlating move in stocks puzzling. It reminds me of the story of The Mouse That Roared. The hard part is figuring out who the mouse is in this case. In the story the tiny (three miles by five miles) fictitious European Duchy of Grand Fenwick declares war on America because an American winemaker is making a knock-off version of Grand Fenwick's biggest export - a pinot wine. 

The idea was to go to war, lose the war, then see America come in and rebuild the country as it had recently done for Germany via the Marshall Plan (and since then in every corner of the world - even when we lose wars). Instead of losing through a stroke of luck, Duchy forces (one Field Marshall, three men-at-arms and twenty long bowmen) land in Manhattan during a city-wide disaster drill to find the place empty. They wander around until they stumble on a top secret lab that's working on the "Q Bomb," capable of destroying the world. 

They're allowed to escape because their mail uniforms were thought to be the skin of Martian invaders.

America finally learns it's been at war for two months but now must bend to the will of the Duchy which has the bomb and its inventor. There are demands for greater smaller nations to have a voice in global affairs and for inspection of all of the world's nuclear weapons. Eventually, the creator of the bomb discovers it doesn't work - it's a dud. But, he doesn't tell anyone for fear of the world spiraling out of its peaceful state. The mouse that roared became the peacekeeper of the planet. There are lots of candidates for the mouse that roars and gets its way these days, including:

Environmentalists
Unions
Mobs in Emerging Growth Nations
US Economy
Ben Bernanke

It goes without saying Ben Bernanke is powerful but is he just hiding behind a "Q Bomb" or does he have the stuff that will bring an era of vigor and renewed optimism into the country? There are signs the economy is edging back but the glacial pace suggests a natural phenomenon that probably happens anyway - and probably fast, without all the money printing shenanigans. Certainly it's been something of an eye-opener to have the kind of Fed "accommodation" witnessed over the past few years with such negligible impact... and no inflation!

Then there's the economy, which used to soar like an eagle but is now as quiet as a mouse, yet this may be the earning season that makes enough noise to spark the next leg of the stock market rally. Sure, the numbers are like that if the Duchy of Grand Fenwick yet it's been so long the natives are impressed. The rationale is we're heading in the right direction, a fact echoed in the May JOLTS report.

For May 2013

Job Openings were at 3.83 million, up slightly from April's 3.80 but the quality of jobs is worrisome.
 

Quits: 2.07 million (2.9 million December 2007)
Layoffs: 1.74 million from 1.96 million a year earlier and 2.60 million (peak) January 2009


TOPICS: Business/Economy; Culture/Society; Editorial
KEYWORDS: economy; malaise; obama; tightenbelt

1 posted on 07/11/2013 11:44:55 AM PDT by Kaslin
[ Post Reply | Private Reply | View Replies]

To: Kaslin

Imagine how bad the economy would be without the miracle of fracking and the huge oil deposits our nation is blessed with.

Obama has had dumb blind luck that he had nothing to do with, and he hates it. I really think he wants us brought to our knees.


2 posted on 07/11/2013 11:48:24 AM PDT by FreeAtlanta (sue the DNC for the IRS abuse! Can RICO laws be used against the DNC?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin
Type-O The Recovery That RSnored...
3 posted on 07/11/2013 11:48:27 AM PDT by DoughtyOne (Breaking News: Hillary not running in 2016. Brain tumor found during recent colonoscopy...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: DoughtyOne

As the meltdown of the middle class continues....


4 posted on 07/11/2013 11:52:53 AM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: stephenjohnbanker

I don’t know what these folks have been smoking, but they are definitely impaired.

Jobs are flat. We’re not creating new ones. In what universe ‘other than an alternate one’ is that a steadily growing economy?


5 posted on 07/11/2013 11:54:58 AM PDT by DoughtyOne (Breaking News: Hillary not running in 2016. Brain tumor found during recent colonoscopy...)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Kaslin

You can paper over a lot of misery by borrowing over six trillion dollars, printing trillions more and spending it on consumption. Obama and Bernacke have hollowed out the economy. As Milton Friedman predicted, stocks would increase in price for a while bit eventually everything collapses. The Obama EPA is destructive to productive capitalism and is lowering the American standard of living. Sadly most Americans are clueless.


6 posted on 07/11/2013 11:59:07 AM PDT by allendale
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin
You can argue the recovery has been steady, and there's no doubt it's been slow, which makes the correlating move in stocks puzzling.

Only if you're a clueless dweeb who is unaware that the Fed is pumping $1,000,000,000,000 a year into the market.

7 posted on 07/11/2013 12:00:16 PM PDT by E. Pluribus Unum (Who could have guessed that one day pro wrestling would be less fake than mainstream journalism?)
[ Post Reply | Private Reply | To 1 | View Replies]

To: FreeAtlanta

I see a picture of Obama riding surfboard across a gusher of oil coming from Texas - Cali and North Dakota...

Obama’s oil bonanza.


8 posted on 07/11/2013 12:03:07 PM PDT by shineon
[ Post Reply | Private Reply | To 2 | View Replies]

To: DoughtyOne; E. Pluribus Unum

” Jobs are flat. We’re not creating new ones. In what universe ‘other than an alternate one’ is that a steadily growing economy?”

See post#7.

Most people don’t have a clue what is really going on.


9 posted on 07/11/2013 12:06:45 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
[ Post Reply | Private Reply | To 5 | View Replies]

To: allendale

Another FReeper who gets it.


10 posted on 07/11/2013 12:09:48 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: E. Pluribus Unum; stephenjohnbanker

This isn’t rocket science. It’s fairly straight forward stuff.


11 posted on 07/11/2013 12:10:46 PM PDT by DoughtyOne (Breaking News: Hillary not running in 2016. Brain tumor found during recent colonoscopy...)
[ Post Reply | Private Reply | To 7 | View Replies]

To: DoughtyOne

The problem is most people are not as bright, or nearly as informed as you are.Most people can’t name the VP.


12 posted on 07/11/2013 12:13:43 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
[ Post Reply | Private Reply | To 11 | View Replies]

To: stephenjohnbanker

Most people I know are trying to forget who the V. P. is.


13 posted on 07/11/2013 12:18:19 PM PDT by DoughtyOne (Breaking News: Hillary not running in 2016. Brain tumor found during recent colonoscopy...)
[ Post Reply | Private Reply | To 12 | View Replies]

To: FreeAtlanta

“Obama has had dumb blind luck that he had nothing to do with”

Just like Clinton who inherited an economy briskly recovering out of a recession, Al Gore’s internet and dot com bubble, peace dividend and Republican Congress.
Before Clinton left office it was all coming apart and the economy was crashing, yet popular agreement is that Clinton was an economic genius. So let’s do it again and elect another Clinton!


14 posted on 07/11/2013 12:20:13 PM PDT by Zuse
[ Post Reply | Private Reply | To 2 | View Replies]

To: allendale

More and more people are buying only what they need to live and not what they want to make life more pleasurable.

It’s people buying what they want and not just what they need that drives the economy and when it stops the economy will collapse.

Their spending is doing exactly what you said, papering over the misery and when it finally does collapse, and it will, there won’t be anything to stop it.

I believe a lot of Americans are clueless because they see people in grocery stores with carts full. They don’t want to believe all of them are receiving govt handout. Their thought process is seems to be overwhelmed by the numbers.


15 posted on 07/11/2013 12:27:28 PM PDT by IMR 4350
[ Post Reply | Private Reply | To 6 | View Replies]

To: IMR 4350

When you split 50 full-time jobs into 2 or 3 part-time jobs each, suddenly you get a whole lot of job growth. Forward!


16 posted on 07/11/2013 12:30:21 PM PDT by Phillyred
[ Post Reply | Private Reply | To 15 | View Replies]

To: Kaslin

He should have mentioned the ending of the movie, in which the world powers are convinced that the football-sized Q bomb is a dud, because its normally blinking lights and funny sounds have stopped, so it is left in a dungeon storeroom on a bed of hay and ignored.

Then a mouse crawls out from where it had been hiding inside the bomb, and the bomb’s lights again start blinking and it starts making funny sounds again, indicating it was not a dud.


17 posted on 07/11/2013 12:35:51 PM PDT by yefragetuwrabrumuy (Best WoT news at rantburg.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Phillyred

Or as they say “Advance to the rear”.

I was at the store a few weeks ago and the woman checking me out said she had been there for 3 hours and I was the first person she had checked out that had paid for their groceries.


18 posted on 07/11/2013 12:37:38 PM PDT by IMR 4350
[ Post Reply | Private Reply | To 16 | View Replies]

To: stephenjohnbanker
Most people don’t have a clue what is really going on.

...but that collision with reality is going to be a real enlightening experience.

(Wonder where The 0 and Ben have got their Big Bug Out programmed for...sure won't be close to any big 'rat metro stronghold, JMHO. Those places are going to get medieval.)

19 posted on 07/11/2013 12:39:53 PM PDT by Unrepentant VN Vet (For why should my Freedom be judged by anothers conscience? 1 Cor 10:29)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Unrepentant VN Vet

” Those places are going to get medieval.) “

No joke there, my FRiend.


20 posted on 07/11/2013 12:48:02 PM PDT by stephenjohnbanker (K I L L T H E B I L L !!)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Phillyred
You got that right!

Communists claimed 100% employment that way.

LMAO!

21 posted on 07/11/2013 12:50:31 PM PDT by DBeers (†)
[ Post Reply | Private Reply | To 16 | View Replies]

To: FreeAtlanta
I really think he wants us brought to our knees.

Allow me, Sir (or Madame, as the case may be), the honour of disabusing you of any notion that The Won does not want this country, and all of Western Civilization, brought to its knees.

He, and the barbarians on the other end of his BlackBerry, want to see most of us dead, the rest in chains.

22 posted on 07/11/2013 12:59:43 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: E. Pluribus Unum; allendale

You have to remember that Charles is a stocks guy. He runs an investment business, and the stock market has been doing well. However, as a smart guy, he should know that the party is being paid for with printed money and can’t last.

We certainly feel the pinch. I don’t care what they say, the cost of everything, particularly food, is rising rapidly.


23 posted on 07/11/2013 1:06:37 PM PDT by Pining_4_TX (All those who were appointed to eternal life believed. Acts 13:48)
[ Post Reply | Private Reply | To 7 | View Replies]

To: FreeAtlanta
Obama has had dumb blind luck that he had nothing to do with, and he hates it.

He does. But did you catch the snippet in the debates where he took credit for it just the same?

24 posted on 07/11/2013 1:48:55 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 2 | View Replies]

To: IMR 4350
I was at the store a few weeks ago and the woman checking me out said she had been there for 3 hours and I was the first person she had checked out that had paid for their groceries.

I hope you mean paying with something other than a government issued EBT card.

I've noticed lately that most of us buying just what we need are using cash or privately issued debit or credit cards, where as those buying carts full of stuff the rest of us can't afford are using government issued EBT cards.

One was so self-conscious the other day at Wal-Mart that she didn't even wanting me putting my stuff on the belt until she'd checked out. She even had her mousy husband, boyfriend or whatever stand between us so I couldn't.

25 posted on 07/11/2013 1:59:48 PM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
[ Post Reply | Private Reply | To 18 | View Replies]

To: IMR 4350

“More and more people are buying only what they need to live and not what they want to make life more pleasurable.”

That’s right; in my area a local bowling alley is giving away free games just so they can make money on shoe rentals and hopefully some food/drinks.

“I believe a lot of Americans are clueless because they see people in grocery stores with carts full.”

Our new(ish) Wal-Mart is shutting down other supermarkets anyway; it has become the company store where the miners can run up tabs to feed their families.

NJ is in really bad shape, with no light on the horizon.


26 posted on 07/11/2013 2:00:56 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 15 | View Replies]

To: Vigilanteman

“One was so self-conscious the other day at Wal-Mart that she didn’t even wanting me putting my stuff on the belt until she’d checked out. She even had her mousy husband, boyfriend or whatever stand between us so I couldn’t.”

Probably the “baby-daddy”; the term covers all races & creeds.


27 posted on 07/11/2013 2:02:16 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 25 | View Replies]

To: Vigilanteman

Everyone except me had paid with some type of govt card.

She even made the comment about how she couldn’t afford to buy what they were getting for free.

This was at a Wal-Mart too, and the checker told me to look at all the full carts. She said when the carts are full of groceries, the govt is paying.

She said when people are paying for their own groceries the carts aren’t full and it’s only what they need.


28 posted on 07/11/2013 2:23:44 PM PDT by IMR 4350
[ Post Reply | Private Reply | To 25 | View Replies]

To: kearnyirish2

A lot of people fault Wal-Mart, but letting people run up a tab so they can buy food they can’t be all bad.

The worst part is in 2008 when the economy crashed people still had savings to fall back on.

Now they don’t.


29 posted on 07/11/2013 2:31:17 PM PDT by IMR 4350
[ Post Reply | Private Reply | To 26 | View Replies]

To: IMR 4350

“A lot of people fault Wal-Mart, but letting people run up a tab so they can buy food they can’t be all bad.”

That was just a reference to credit cards (whereas the old company store, where you had to buy your goods, would keep track of a tab).

Not only are the savings gone, but retirement funds are gone, debt has been maxed out, and they’re still not keeping up.

Terrifying.


30 posted on 07/11/2013 2:37:23 PM PDT by kearnyirish2 (Affirmative action is economic war against white males (and therefore white families).)
[ Post Reply | Private Reply | To 29 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson