The blue lines show the real state of the economy.
Posted on 05/12/2014 3:31:38 AM PDT by Oldeconomybuyer
Here's a riddle: Many Republicans deny it's happening. Some Democrats don't want to talk about it. What is it?
The answer is the growing U.S. economy, on pace to expand as much as 3.5 percent this year, about the best performance in the industrialized world. Unemployment has fallen from 10 percent to about 6.3 percent and consumer confidence is at a six-year high.
Better economic data could help persuade voters in November to look past President Barack Obama's weak approval ratings and his unpopular healthcare law and give Democrats enough lift to hold onto the Senate and limit their losses in the House, political strategists said.
(Excerpt) Read more at reuters.com ...
Yes, Reuters, those gas and food prices are AWESOME!
“California is falling to pieces.”
To the massive number of illegals it’s paradise compared to where they were.
That’s why it isn’t going to change and only get worse.
If the economy is doing so great, why should everyone be so focused on jobs instead of Benghazi? Jobs should not be a problem anymore.
How many people need to be liberated from job lock to get the unemployment rate below five percent? Does Obama have time to get this done before November? Actually he needs to get it done by Labor Day to give Democratic candidates enough time to run their victory laps ....
“I don’t think these people are that smart.”
Underestimating psychotic, adolescent punks is a mistake.
IMHO
Ya know, you're a good example of what's wrong with this site and knee-jerk conservatives in general -- that is, you don't know have the first clue about what you're talking about.
In fact, the US Dollar index has traded between 79 and 80 in '91, '93, '95, '05, '08, '10, '12, '13 and '14.
The DJIA is up 153% from the lows of '09, yet the dollar has gone EXACTLY NOWHERE for over a decade. So, no, the market isn't higher because "the dollar is devaluing."
But, that's against other fiat currencies, so how about against gold? From 1,000 in '08, it's about 1,300, up 30%. A few months ago, under 1,200, up less than 20%.
Nope, that's not it either. At most, "devaluation" of the dollar accounts for but a small fraction of the price behavior of securities.
I won't hold my breath for you and most of the others on this thread to admit to facts.
I will join everyone on this thread in hoping for the rejection of the moronic jug-ears and all that he stands for at the earliest possible date.
But, contrary to the idiocy on this thread, the economy is growing at about 2% -- way too slowly -- but that will improve when jug-ears is neutralized and then finally replaced so the process of undoing his damage can begin.
Meanwhile, it's just silly to deny reality.
Sorry Comrade. At least we now have milk, which wasn't available under the evil Bush.
Ya know, you are an asshat who is clueless about everything.
The dollar index "is a weighted geometric mean of the dollar's value compared only with a "basket" of 6 other major currencies which are: Euro (EUR), 57.6% weight. Japanese yen (JPY) 13.6% weight. Pound sterling (GBP), 11.9% weight. Canadian dollar (CAD), 9.1% weight. Swedish krona (SEK), 4.2% weight. Swiss franc (CHF) 3.6% weight"
Meaning if the other currencies are devaluing with relation to their value against material goods or labor, we can expect to see no change in this index.
However, all these currencies are devaluing, thus the higher costs for materials, services, and stocks.
And thus the higher DJIA.
Now go bother someone who isn't as ignorant as you, tankyuvurramuch.
“Think we’ll ever ear that side of the story? Don’t hold your breath...”
The Mainstream Media is only allowed to report those stories when a Republican is in the White House.
To do so when a Dem is in charge is career suicide now.
Durable goods...down
Existing home sales...down
New construction...down
Wages...stagnant
More folks than ever on welfare/food stamps
Obozocare stripping disposable income
Fuel prices up, food prices up, Insurance up, property taxes up.
Even in Texas where things are poppin pretty good in regards to jobs, still feelin the pain.
vaudine
You once again confirm that you’re not very bright.
Obviously, I know exactly what the US dollar index is, as I said — but you apparently couldn’t be bothered to read:
“But, that’s against other fiat currencies, so how about against gold?”
Lemme know when you come up with another dumb excuse for your economic illiteracy. You haven’t come remotely close to explaining equity prices.
You once again confirm that you are a pure moron, and -- like any good liberal -- skip from topic to topic when your arguments are decimated.
YOU brought up the Dollar Index. That was YOUR FIRST argument, you petulant, economically-illiterate, liberal jackwagon.
Then when I dismiss your poorly-thought-out point with some very simple logic, you -- much like Jay Carney -- go, "No, over here now."
No. Defend your original point. We will get to gold.
You won't, because you can't.
Freakin' troll and economic moron, ya are.
Oh, and if you find this site, filled as it is with knee-jerk conservatives, I bet you one (devalued) American Dollar that I can help break your Free Republic posting habit.
My, my, are you upset at being exposed as an economic illiterate? Or, is it because you can’t be bothered to read an entire post before flying off the handle?
I’m sorry that you had to go to the trouble to look up what the dollar index is, but your smokescreen of ad hominem doesn’t cut any mustard. BTW, I’ve been trading currencies and the dollar index for over 30 years, you’re not talking to one of your fellow know-nothing rubes.
My point was and is that this economy is growing DESPITE the worst jug-ears can throw at it and has thrown at it for the last 5 years. There’s no point in denying it, you just make yourself look silly.
Try learning how to come at people without insulting them; maybe you won't get the same back. You come at me like a dick, I will break one off on you.
If you have been trading DI for all this time, why did you lead with your weakest argument?You know damn well that fiat currencies in every country (with, as you know, a few exceptions) have been losing value in the real world of commodities and services, making my point have some validity.
You have your skill set, but I have explored enough in this arena to assert with accuracy that devalued currencies will yield higher stock index numbers.
And before you claim me an unintelligent person yet again, in the fashion that endears you to everyone you do that to on Free Republic, please know that I routinely test in the top 1% in VB.Net, C#.NET, ASP.NET, LINQ2SQL, JQuery, SQL, IIS and Web Deployment, SSIS, SSRS, and a host of other related technologies.
Our economy may or may not have been growing -- if it has, it has been very small -- but you chose to attack the point *I* made, that the stock market is rising due less to the inherent valuations, and due more to worldwide currencies tending to have less value.
Expect the “rising economy” lie to be repeated endlessly over the next couple of years...
OK, tough guy.
You’ve demonstrated that you don’t know what you’re talking about despite your bluster and “assertions” with “accuracy.”
Your latest failed attempt to explain higher security prices is “commodities.” As I said gold only explains 20 to 30% at most, so you fall back to commodities in general.
The dollar must be depreciating vis a vis “commodities” and therefore security prices are higher. Which you have “explored enough in this arena” to utter yet more nonsense.
The Reuters/Jeffries CRB, the current version of the old CRB index (that’s right — go look it up) has sold at today’s prices (~295) in every year since ‘08. An index of 19 commodities, including metals. Since stocks bottomed in ‘09, the CRB is up about 25%. Gosh, that’s about the same as gold, and it still doesn’t explain 153%.
I attacked your specious “argument” because it was false and you don’t know whereof you speak.
At least you admit that the economy may have been growing.
Yet if you deny that the stock market is completely out of joint, completely out of any touch with reality, then you are as much a fool, as you are an asshole on this forum.
And you ARE an asshole on this forum. You approached me with insult, retorted with ridicule throughout, and somehow I am supposed to EMBRACE that kind of behavior? You try to influence, change a mind, or educate like THAT? You say we are all dunces and morons at Free Republic. So would you work to help that in any meaningful way? No, instead you act like a complete asshole the entire exchange.
Ergo: F*** off.
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