Positive economic news

NorthernRaZ · 10-19-2009, 03:35 PM

Since the majority of the R/P thrives off adverse economic news (usually posting a youtube video of some unknown man declaring the end), I thought I would post recent news supporting economic recovery:

Foreclosures fall for second straight month
http://www.reuters.com/article/busin...e=businessNews

New jobless claims fall to nine-month low
http://www.reuters.com/article/busin...e=businessNews

Reports hint U.S. economy healing, inflation tame
http://www.reuters.com/article/busin...e=businessNews

Executives say business conditions improving
http://www.reuters.com/article/busin...e=businessNews

Rise in industrial output signals growth
http://www.reuters.com/article/busin...e=businessNews

These are just a few of the many, many positive economic happenings. Sure unemployment (a lagging economic indicator is high) is high, and we still have a ways to go until we completely reach 2007 levels, but we are recovering.

in before some r/p poster with no college degree starts to lecture me on what he learned from reading a blog.

Stizzel · 10-19-2009, 04:50 PM

In this version of the boy who cried wolf, the boy keeps yelling that all is well while the wolf is tearing people's sheep apart.

Honestly, I have been hearing that all is well with the economy since early 2006 even as it constantly gets worse. Eventually you just stop listening.

Alpha_Papa · 10-19-2009, 07:00 PM

I'm with stizzel. Unemployment is growing, not declining and that's the best indicator of national fiscal health.

UkraineKielbasa · 10-19-2009, 07:04 PM

Quote:

Originally Posted by NorthernRaZ

in before some r/p poster with no college degree starts to lecture me on what he learned from reading a blog.

No offense but degrees mean nothing anymore. Colleges are nothing more than diploma mills these days. Not to mention the proliferation of all these little private ones you see popping up with commercials where you just pay and show up and get a degree in a certain time frame.

As for the economic stuff, notice how it works. "Oh we thought things would fall by 50 percent but they only fell by 45 so you see things are great!!". A gross generalization I understand but that's what I'VE been able to make of economic news and education from a ****ty diploma mill where I got a BS in computer science.

Weightaholic · 10-19-2009, 07:19 PM

At a briefing I went to in early 2007 I rememebr hearing "the subprime sector is contained, and it won't adversely affect the rest of the economy".

Hey, when people tell you stuff, it comes true, right?

doitbig191 · 10-19-2009, 07:26 PM

ok so unemployment claims fell..do they count the people who ran out of unemployment and can no longer recieve it?

Stizzel · 10-19-2009, 07:27 PM

Quote:

Originally Posted by doitbig191

ok so unemployment claims fell..do they count the people who ran out of unemployment and can no longer recieve it?

Nope. If you move into a tent, you're helping the economy!

doitbig191 · 10-19-2009, 07:29 PM

Quote:

Originally Posted by Stizzel

Nope. If you move into a tent, you're helping the economy!

so they dont count them?
i know many people have exhausted their benefits and im assuming thats why the number dropped.

Alpha_Papa · 10-19-2009, 07:44 PM

Quote:

Originally Posted by doitbig191

so they dont count them?
i know many people have exhausted their benefits and im assuming thats why the number dropped.

Absolutely. No one else is claiming the rate is going down at all...everyone else is predicting a further rise in 2010

doitbig191 · 10-19-2009, 07:49 PM

Quote:

Originally Posted by Alpha_Papa

Absolutely. No one else is claiming the rate is going down at all...everyone else is predicting a further rise in 2010

well to be honest im confused as ****.

i hear a million conspiracy theorists saying one thing
i hear a million credible people saying basically were in trouble
i hear the governemnt/media saying we will be fine

i look at where i live and i see no signs of a bad economy.
i see road construction..new buildings..etc...etc..people in malls..stores...

at this point i dont know what is true and whats not.

NorthernRaZ · 10-19-2009, 07:53 PM

Quote:

Originally Posted by Alpha_Papa

Absolutely. No one else is claiming the rate is going down at all...everyone else is predicting a further rise in 2010

I agree that the employment will continue to rise in 2010. Unfortunately, no one read my post and just went into a fiery and replied, so I'll say this again:

unemployment rate is a LAGGING INDICATOR, usually anywhere from 8 to 12 months. It is a great sign of the economy's health 8 to 12 months ago. Not now, not yesterday, or last month, 8 to 12 months ago...

NorthernRaZ · 10-19-2009, 07:55 PM

Quote:

Originally Posted by Stizzel

In this version of the boy who cried wolf, the boy keeps yelling that all is well while the wolf is tearing people's sheep apart.

Honestly, I have been hearing that all is well with the economy since early 2006 even as it constantly gets worse. Eventually you just stop listening.

I could use all the data, facts, charts in the world to show you the economy has been improving since March. However, it is useless. You want to argue with everyone yet use no sustainable facts or data other than lagging indicators.

Stizzel · 10-19-2009, 07:59 PM

Quote:

Originally Posted by NorthernRaZ

I could use all the data, facts, charts in the world to show you the economy has been improving since March. However, it is useless. You want to argue with everyone yet use no sustainable facts or data other than lagging indicators.

I'll use common sense. You're using data based on this little bump granted us by bailouts and TARP funds. If that kind of policy actually worked we wouldn't be in a recession because the real estate boom would still be sustaining us.

Booms bust, and every time they bust after being artificially inflated, the entire economy is worse than it started. Yet strangely everytime this happens there are people like you that want to convince us the party can last forever.

doitbig191 · 10-19-2009, 08:01 PM

Quote:

Originally Posted by Stizzel

I'll use common sense. You're using data based on this little bump granted us by bailouts and TARP funds. If that kind of policy actually worked we wouldn't be in a recession because the real estate boom would still be sustaining us.

Booms bust, and every time they bust after being artificially inflated, the entire economy is worse than it started. Yet strangely everytime this happens there are people like you that want to convince us the party can last forever.

what happens after the stimlus money runs out?

Stizzel · 10-19-2009, 08:02 PM

Quote:

Originally Posted by doitbig191

what happens after the stimlus money runs out?

Don't worry, there's already another stimulus in the works! (serious)

And it will be the biggest stimulus yet.

doitbig191 · 10-19-2009, 08:07 PM

Quote:

Originally Posted by Stizzel

Don't worry, there's already another stimulus in the works! (serious)

And it will be the biggest stimulus yet.

o lawd

Stizzel · 10-19-2009, 08:11 PM

Quote:

Originally Posted by doitbig191

o lawd

Hopefully soon we can get the stupid right wing idiots on board with our new Obamaconomy and do it right.

IMO we should have half of the population dig ditches, and the other half can fill them. Then we have 0 unemployment. Because unemployment is such an important factor of the economy, that means all of our problems are solved!

And then Obama can pay us $200 an hour for our labor! With overtime! We'll all be buying big houses with escalades parked in front!

What could go wrong?

doitbig191 · 10-19-2009, 08:12 PM

Quote:

Originally Posted by Stizzel

Hopefully soon we can get the stupid right wing idiots on board with our new Obamaconomy and do it right.

IMO we should have half of the population dig ditches, and the other half can fill them. Then we have 0 unemployment. Because unemployment is such an important factor of the economy, that means all of our problems are solved!

And then Obama can pay us $200 an hour for our labor! With overtime! We'll all be buying big houses with escalades parked in front!

What could go wrong?

i found 2 jobs in my penny saver and they dont even count
doesnt feel so good man
lulz

Kane_89 · 10-19-2009, 08:28 PM

Quote:

Originally Posted by doitbig191

well to be honest im confused as ****.

i hear a million conspiracy theorists saying one thing
i hear a million credible people saying basically were in trouble
i hear the governemnt/media saying we will be fine

i look at where i live and i see no signs of a bad economy.
i see road construction..new buildings..etc...etc..people in malls..stores...

at this point i dont know what is true and whats not.

Stop listening to the consensus, and CT's lol.

Listen to the real economic researchers and reuters for your news.

doitbig191 · 10-19-2009, 08:29 PM

Quote:

Originally Posted by Kane_89

Stop listening to the consensus, and CT's lol.

Listen to the real economic researchers and reuters for your news.

who would that be?

Kane_89 · 10-19-2009, 08:30 PM

Quote:

Originally Posted by doitbig191

who would that be?

http://www.businesscycle.com/

NorthernRaZ · 10-19-2009, 08:39 PM

Quote:

Originally Posted by Stizzel

I'll use common sense. You're using data based on this little bump granted us by bailouts and TARP funds. If that kind of policy actually worked we wouldn't be in a recession because the real estate boom would still be sustaining us.

Booms bust, and every time they bust after being artificially inflated, the entire economy is worse than it started. Yet strangely everytime this happens there are people like you that want to convince us the party can last forever.

No, you're not using common sense at all. Common sense says that the recession will not last forever and eventually it will start to recover slowly. Common sense would also say that unemployment would lag for months.

I thought you and your buddies declared the stimulus package didn't do anything? Now that there is hope in the economy, it has? When do you perceive it will taper off so I can debate with you sans the stimulus package debate?

The real estate boom would still be sustaining us? What are you basing this from?

If you look at my prior posts, I never said anything positive regarding the economy until April of this year. We can see the light at the end of the tunnel, yet you ignore it however obvious it might be.

You really seem like a miserable person and enjoy spreading that around whenever possible.

NorthernRaZ · 10-19-2009, 08:40 PM

Quote:

Originally Posted by Kane_89

http://www.businesscycle.com/

I'm sorry but the only real source of economic news is from Peter Schiff's youtube channel. Everything else is manufactured by the government.

Kane_89 · 10-19-2009, 08:44 PM

Quote:

Originally Posted by NorthernRaZ

I'm sorry but the only real source of economic news is from Peter Schiff's youtube channel. Everything else is manufactured by the government.

No brah, we are in a depression. Schiff said so, he's a genius.

I trust a perma-bear with a mixed track record on the economy with all my life.

LifeByTheHorns · 10-19-2009, 08:53 PM

Quote:

Originally Posted by NorthernRaZ

I'm sorry but the only real source of economic news is from Peter Schiff's youtube channel. Everything else is manufactured by the government.

I sense you trust government, whichever that may be, a little much.

I will bump this thread in 6 months-1year, subbed. The jake will be on you.

NorthernRaZ · 10-19-2009, 08:58 PM

Quote:

Originally Posted by LifeByTheHorns

I sense you trust government, whichever that may be, a little much.

I will bump this thread in 6 months-1year, subbed. The jake will be on you.

I do not completely trust the government... I have mentioned this is past threads.

Anyways, please sub and bring back in 6 months.

I remember when people laughed at me in March. Double dip in recession by summer they said. The summer came and in June I posted more positive economic news. Wait, the recession would only become worse, but this time in August said the R/P. I waited, then September came and more positive economic news was posted. The government manufactured everything, wait until October everyone decreed.

For the past 7 months, the real jake has been on all the R/P "economists" here.

cheerupemokid · 10-19-2009, 09:13 PM

Quote:

Originally Posted by Alpha_Papa

I'm with stizzel. Unemployment is growing, not declining and that's the best indicator of national fiscal health.

Also, the reason that foreclosures are down is not because people cannot afford their homes but because during the "boom" a number of entities participated in fraudulent activities and banks don't actually have a judicially enforceable mortgage, or aren't sure if they do.

http://www.scribd.com/doc/20916919/F...ords-for-Fraud

**** is bleak and this administrations reliance on failed policies of administrations past is not instilling any confidence in me.

gjohnson5 · 10-19-2009, 09:16 PM

Quote:

Originally Posted by doitbig191

ok so unemployment claims fell..do they count the people who ran out of unemployment and can no longer recieve it?

No
They do not count everyone who is out of a job.
Would someone provide a link or a method of counting everyone who is out of a job...
I don't think such a method exists. Whether one needs a job is subjective and those employed @ temp agencies I also don't think are counted

Guardian · 10-19-2009, 09:23 PM

Quote:

Originally Posted by Alpha_Papa

I'm with stizzel. Unemployment is growing, not declining and that's the best indicator of national fiscal health.

Traditionally in any recovery unemployment and jobs lag other economic indicators in improvement. It makes sense, businesses become more efficient and profitable, consumer confidence increase, spending increases, and businesses have some wait time before they have enough confidence to hire again.

People also need to realize and unfortunate reality, that many jobs in economic "peaks" are actually waste jobs. Think about it, a profitable conglomerate in good economic times doesn't give a damn how much paper it uses, may print alot of things that is uneeded. In economic slumps they cut paper use, this causes someone else to lose a job, a job that was built on a company's waste.

I ain't saying I love recessions, but they serve an economic purpose, they force both companies and consumers to become more efficient and cost effective.

We can even see this in consumers, somebody who is getting overpaid or is to cocky about their income may go out to fancy restaurants every other day, buy a house they don't need, and drive an suv they don't need. Now after a recession such people may think more about what they do.

One key aspect to economic stability imo is keeping the dollar lower. Most people want a high dollar, however this causes more imports and less exports hence the 90s-early 2000 manufacturing issues. Maintaining the dollar as the worlds reserve while keeping it lower will be a delicate road to walk but I sense that is what is going on. This also hurts china because its more expensive for us to buy their products and less expensive for them to buy ours.

The next issue I'd like to see the world address is China and it not allowing their currency to be openly traded and pegging its value. This pretty much hurts the entire world especially countries like Mexico.

cheerupemokid · 10-19-2009, 09:24 PM

Quote:

Originally Posted by NorthernRaZ

I do not completely trust the government... I have mentioned this is past threads.

Anyways, please sub and bring back in 6 months.

I remember when people laughed at me in March. Double dip in recession by summer they said. The summer came and in June I posted more positive economic news. Wait, the recession would only become worse, but this time in August said the R/P. I waited, then September came and more positive economic news was posted. The government manufactured everything, wait until October everyone decreed.

For the past 7 months, the real jake has been on all the R/P "economists" here.

How about the bold declaration by this administration that a gigantic bailout was necessary to prevent double digit unemployment? Followed by double digit unemployment and declarations by the administration that it saved the country.

Or how about Obama going on 60 minutes and boldly declaring that the dollar is still strong.

Followed by the dollar losing its reserve status:

http://www.nypost.com/p/news/busines...W1YYLykSJwTTEL

And the US dollar index falling to 75.