Posted on 08/29/2015 3:04:20 AM PDT by HomerBohn
And all the articles that claim the recession ended in the spring of ‘09. Demonrat is elected in Nov ‘08, takes office in late January and presto, the recession is over.
How about that.
Looking at the chart over the last weeks I get the impression that the Fed is blowing in cash at the appropriate points to the banks to buy stock and prop up the market. That can seem to work for a while but will decline in effectiveness per unit of cash with each priming of the failing pump as the gaskets disintegrate.
EBT is up.
“all of us commonfolk have seen the price of meat, eggs, and milk rise dramtically ...eggs are up 3 times, meat has damn near doubled or more, milk is up at least 50% and the cost of everything else has gone through the roof as well. . . I lay all of this on O’s shoulders.”
Very true today and it was true in 2012 yet we heard nothing about inflation from Romney and the GOP. In 1992, Bill Clinton and James Carville were on television everyday saying the economy was in the worst condition since the great depression. With that untruthful message Bill Clinton brought down a sitting president. Carville knew people vote their pocketbooks.
Why doesn’t the GOP take the economic ball and run with it? They should be pounding Obama and the Dems everyday with the cost of healthcare, cost of electricity, the fact ice cream is no longer packaged in a 1/2 gallon container, higher taxes reducing paychecks, etc. etc. Inflation is potentially the most powerful issue for a campaign yet the GOP ignored it in 2012 when the price of gasoline was more than double what it was when Obama took office. The GOP ignores inflation, immigration, loss of jobs to foreign trade, the deficit, etc. What does the party stand for?
The main difference between America circa 1929 and America 2015 is that today, we are much, much less a Christian nation as we were then. Even Hoover and then FDR invoked the name of God and asked the nation to pray and ask for His blessing. America has sacrificed more children to Satan through abortion than ancient Assyria or Persia. We have abandoned and are cursing Israel. Our courts have crossed the line and struck down God's law on marriage, while at the same time celebrating despicable perversion. Obama lit up the highest house in our land after that decision with the rainbow, a symbol given by God in the wake of terrible judgment of Noah's day, and which is used by homosexuality to mock God.
Yes, it's not 1929. It's much, much, much worse. We are overripe for judgment. God does not have to act. That is His call. But l think dark days may be ahead for America.
How many years have we been hearing this? Makes me think “Glenn Beck”
How many times and for how many years did Beck keep coming out telling us he had a big big big story that was going to shake the foundation of everything we knew? I can tell you how long, long enough to get filthy rich and be able to actually mock those who made him that way.
This is not 1929 and the percentage of the change in the markets is what needs to be followed. So many factors effect the economy to state you have one symptom or two and from this you know exactly what will happen proves how little you understand the economy.
Call goldline and buy some gold that should ensure you can watch your neighbors starve to death while you sit and watch Bruce Jenner transform on TV eating your non-gmo food that is going to pop up out of the ground if you use your credit card.
Never mind reality.
Man is no more or less depraved today than he has been for his entire existence. Many conservatives claim to be Christians yet apparently can’t afford a Bible to read.
A market correction has been expected for a year or more. It will be volatile for a while, but it will eventually settle down.
Fear-monger much?
Was in my local Les Schwab a few days ago getting my ATV trailer tires balanced and a new spare. Saw a steady stream of people coming in to make payments on their tires. Then it dawned on me that I have been seeing that for the last several years every time I'm in there.
Never saw that in years past.
Post of the day.
They tried that against Clinton and got accused of "talking down the economy." The charge stuck, and now they are scared to try it again.
Whenever someone claims “its undeniable” - whether its about global warming or the stock market - your BS detector should be off the scale.
True - with all the wild yo-yoing, it might as well be renamed the Duncan market.
We now have more QEs followed by Roman numerals than the Brits ever laid ownership to and it's really odd how one factor can cause a 300-500 point drop and the next day they will use the same factor to "explain" a 600 point gain.
Last Monday it was evident. someone was swimming upstream and ran out of $$$$ to keep the “rally” going.
China's devaluation is one small sign of inflation---who knows? Maybe it's the first big sign.
But (and I'm no economist, which is probably a good thing) I've been working on a theory for about 10 years, namely that we haven't begun to pump the money supply up to where it has caught up to REAL productivity gains.
Traditional measurements of productivity used to go like this: you have a rotary phone selling for $40. Now a new phone comes along, dials faster, better audio, and it sells for $50. That's a productivity increase of more than 20%. (or, say, you can sell it for $30 but sell more, however you want to measure the traditional productivity increases of output per hour).
But here comes a cell phone. This isn't just a phone though. It's a camera, a calculator, a GPS, a game, a video device, a calorie counter, and on and on. So you can't just say it's productivity increase is x over a phone. You would have to add ALL the previous functions it now does and factor in THAT productivity. How much time, for example, do people spend working on planes because now they have iPad/laptop capability? How much business time do you spend in your car talking on your phone, how much do you save by not pulling over reading maps, etc?
In short, we may have had a phenomenal technological revolution that the "traditional" accounting measures haven't yet caught up to, and if so, the money supply has, in fact, lagged behind. Say it's been a $17 TRILLION increase over the past 10 years . . . .?
1) Million of Christians can show up to buy a Chick-fil-A sandwich but can't seem to figure out how to end abortion? Really?
2) In many, many counties and even whole state, if Christians removed their children from the godless government schools, the entire evil system of K-12 indoctrination would immediately collapse. These schools are still open. Why?
The GOP is good at being scared of pretty much everything.
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