benb61
A Regular
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Posts: 658
My 2 fast cars
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« Reply #320 on: August 22, 2012, 10:09:39 AM » |
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I must have taken my stupid pills this morning instead of my vitamins. Can someone explain that chart?
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something witty
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Weisshaupt
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« Reply #321 on: August 22, 2012, 11:39:16 AM » |
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I must have taken my stupid pills this morning instead of my vitamins. Can someone explain that chart?
The bottom line is where Obama said we would be if we passed the stimulus The next line up is the "official" unemployment rate, U3 - which is a fudged number based on the number of people actively looking for work. The top line is what the unemployment rate would be if the number of people in the work force (either employed or looking for work) remained constant as a percentage of the population The only reason Obama's unemployment rate is 8% and not 11% is because a large number of people have dropped out of the work force- they just quit working or looking for work. Some of that is attributable to people just retiring - but not enough to say that is the cause - for young people would also be entering. The boomers leaving is probably going to keep driving workforce participation down - while driving SS and Medicare ( and now Obamacare) payments up. Decreasing workforce means decreasing tax revenue - and what this graph is saysing is that a number of younger folks who could be employed, just stopped looking (ran out of their 99 weeks of unemployment) , retired, applied for disability etc. - The Demographics on this ponzi scheme are ready to pop. |
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Libertas
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« Reply #322 on: August 29, 2012, 07:06:22 AM » |
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It short it means Obama screwed the pooch even worse than anybody thought possible, and incidentally, this is nothing compared to what damage he'll do if allowed to remain in office. Probably no coincidence the Cons Confidence number yesterday didin't even come close to expectation...epic failure is hard to uncouple. http://www.theblaze.com/stories/consumer-confidence-falls-to-nine-month-low/ |
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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trapeze
Administrator
Conservative Superhero
Online
Posts: 5033
Hippies smell bad. Go away, hippie.
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« Reply #324 on: September 07, 2012, 10:30:31 AM » |
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Last night's uninspiring convention speech plus this:U.S. employers added 96,000 jobs last month, a weak figure that could slow the momentum President Barack Obama hoped to gain from his speech Thursday night to the Democratic National Convention.
The unemployment rate fell to 8.1 percent from 8.3 percent in July. But that was only because more people gave up looking for jobs. People who are out of work are counted as unemployed only if they're looking for a job. ...should equal a dead cat bounce. Or worse. I'm pulling for worse. |
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Did I mention that I hate hippies? Best anti-hippie rant evah... here. |
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Libertas
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« Reply #325 on: September 07, 2012, 11:13:54 AM » |
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Might be more like a dead cow bounce...that is, very little rebound action...just a loud THUD!
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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Charles Oakwood
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« Reply #327 on: September 07, 2012, 09:39:48 PM » |
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[The banking catastrophe] can happen anywhere in the world, [here] because you have more people that vote for a living than people that work for a living.
The wealthy in the United States should “be prepared to lose 20 to 30 percent. I think you’re lucky if you don’t lose your life.” - Mark Faber
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Libertas
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« Reply #328 on: September 08, 2012, 10:01:46 AM » |
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Grab your go-bag or your ankles, won't be much else to choose from...
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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Charles Oakwood
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« Reply #329 on: September 10, 2012, 08:31:27 PM » |
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[The banking catastrophe] can happen anywhere in the world, [here] because you have more people that vote for a living than people that work for a living.
The wealthy in the United States should “be prepared to lose 20 to 30 percent. I think you’re lucky if you don’t lose your life.” - Mark Faber
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Charles Oakwood
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« Reply #330 on: September 10, 2012, 08:34:12 PM » |
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Couldn't find "the coming catastrophe" so I put it here. David Rosenberg's New Normal: "The Economy Does Not Drive The Markets Any More"In fact, we ran correlations between daily changes in 10-year spreads and in the S&P 500 level and found that the correlation has gone from -13% from 2000-2011 to -33% since 2011 (2011 to now, meaning widening in spreads is associated with negative returns on the S&P500 and that inverse relationship has been magnified nearly three-fold in the past two years). |
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[The banking catastrophe] can happen anywhere in the world, [here] because you have more people that vote for a living than people that work for a living.
The wealthy in the United States should “be prepared to lose 20 to 30 percent. I think you’re lucky if you don’t lose your life.” - Mark Faber
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Libertas
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« Reply #331 on: September 11, 2012, 06:33:58 AM » |
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Welcome to KabukiWorld. About the only thing reacting as it should (most of the time) is PM's...recent runnup in expectation of Helicopter Ben coming to the rescue of Duh Sinking Wun.
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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Libertas
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« Reply #332 on: September 11, 2012, 06:56:20 AM » |
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Crap, I can't take this BS... Something which also should be a huge millstone around Duh Wun's neck...is going to get free aid and comfort from that asshat J-Mac! http://www.politico.com/news/stories/0912/81007.htmlWhy can't this tired old RINO wander out into the desert alone...and...just...GO AWAY?!   |
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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Charles Oakwood
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« Reply #334 on: September 11, 2012, 10:20:31 AM » |
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He owns it, you'd think even independent moderates
could see that the deed's in his name.
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[The banking catastrophe] can happen anywhere in the world, [here] because you have more people that vote for a living than people that work for a living.
The wealthy in the United States should “be prepared to lose 20 to 30 percent. I think you’re lucky if you don’t lose your life.” - Mark Faber
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Weisshaupt
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« Reply #335 on: September 11, 2012, 10:52:29 AM » |
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Libertas
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« Reply #336 on: September 11, 2012, 11:23:08 AM » |
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OK, they may be smarter than Neo-Keynesian's...but their holdings may experience temperatures above melting point soon.  |
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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Weisshaupt
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« Reply #338 on: September 13, 2012, 12:15:53 PM » |
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Housing is rebounding! oh wait....
there is now a 2.5 million "backlog" of properties that should be foreclosed upon based on historical trendlines, but which are being completely ignored by banks. A stuffed foreclosure channel, if you will.
What this has resulted in is a logical increase in prices of the properties that are on the market. The trade off, naturally, is that there are millions of properties, not only in shadow inventory, but in this sub-shadow pre-foreclosure space, where the tenants live mortgage-free as the banks refuse to begin the foreclosure process (which already takes a record length of time - think years - to go from issuance of Default Notice until a new tenants buys and moves into the property). It is these beneficiaries of bank generosity that are to "thank" for the fact that houses are rising in price, or, in other words, less affordable for everyone else.
Because while the number of houses where the equity is underwater may have declined, what has also declined is the number of actual buyers who may purchase said suddenly more expensive houses.
Finally, what hasn't declined, is the number of people who now and going forward will live completely mortgage free just to perpetuate the illusion that "housing has rebounded." Consider them sunk costs in this latest attempt to reflated housing. Also, thank them if suddenly that home you have wanted to buy is once again just out of purchasing reach.
As for those who have a mortgage, and are wondering if they should continue paying it or not: why pay? It is now not only the administration, but the banks who are effectively handing out free housing.
Remember: in this New Socialist Normal, "just say no" when asked to pay for anything. I guess I am trying to sell at the right time.. but maybe I should just stop paying my mortgage... after all the Fed will buy it Long live QE3! Buy more stocks so my stock options go up too! In a significant shift in the direction of U.S. monetary policy, the Fed has tied its unconventional bond buying directly to economic conditions, a move that is likely to be controversial among central bank critics.
"If the outlook for the labor market does not improve substantially, the committee will continue its purchase of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability," the Fed said in a statement. |
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Libertas
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« Reply #339 on: September 13, 2012, 12:20:08 PM » |
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We should grab with one hand and refuse payment with the other...might have to collapse it to kill it...  |
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GOP? - Nope. No more. They made their bed, now let them die in it.*
* © Libertas (H/T Glock32)
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