I think it will be huge in determination of the recession. Markets waiting for uncertainty to clear as I type. IF he comes in and starts busting a move we could be out of this thing by June. if it looks like the same partition cluster fuck then could take till 2010
Barack Obama: Disappointing so far....
- Thread starter CanadianKid
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I think it will be huge in determination of the recession. Markets waiting for uncertainty to clear as I type. IF he comes in and starts busting a move we could be out of this thing by June. if it looks like the same partition cluster fuck then could take till 2010
Is the economy good now?
USA is not Japan we wont have a 10year recession. All they have to do is regulate Hedgefunds, put the uptick in place and suspend short selling and the market will reverse course within days... and will start pulling us out of a recession.
Who is us? Just because the market recovers doesn't mean jobs will.
In fact, employment usually lags by at least four months, and in the case of the last recession, four years.
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The Almighty
Depends.... is it good relative to what?
Relative to 1997..... no
Relative to 2006..... no
Relative to what Krugman projects.... yes.
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The Almighty
agreed
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The Almighty
I agree with most of that.... the exception.... do not suspend short selling. It is an integral part of the market....as long as it is regulated by the uptick rule.
Well who knew the economy was going to get the way it is today first, you, or Krugman?
Because he was predicting this as a result of bush policies back when you were casting your second vote for the guy.
I remember, the jobless recovery. And all of the republicans were saying that the economy was great and questioning why bush wasn't getting "credit" for it. There was no way to get them to understand that he wasn't getting "credit" for it because most Americans were either out of work, underemployed, or afraid they soon would be.
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The Almighty
Like I said, he inserts his political ideology into his economic views.
This mess was created by a combination of things... the primary reasons being the repealment of Glass Steagall (which was predominantly done under Clinton)... Greenspan keeping interest rates too low too long... and the greed of the lenders and borrowers.
Bush spending like a drunken liberal didn't help, but these problems today were caused predominantly by factors that he did not control.
What sent this over the cliff was the removal of the uptick rule.
when markets go up companies have more capital and can hire more people.
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The Almighty
what a crock of shit....
http://data.bls.gov/PDQ/servlet/SurveyOutputServlet?data_tool=latest_numbers&series_id=LNS14000000
The nation was at full employment 2005, 2006, 2007 and early 2008. Obviously that has since changed, but to pretend that most Americans were out of work, underemployed or afraid is simply ludicrous.
Can, but often enough these days, don't.
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The Almighty
translation "I really shouldn't ask questions and then act put off when people actually answer.... but I'll just say.... 'Skewered' ... and pretend no one will notice."
I like obams idea of giving money to ready to go plans. but it needs to be more defined. those plans should focus on major infrastructure (and not 6B for paving Los Vegas roads.. im talking about bridges, wires, dams, etc..), new technology like alt enery and bio technology areas where we can again become a leader of the world, Beef up the Federal loan program, schools, and so on. If its looking like its going to be a pet project free for all it will fail and the markets will stay down.
They will have to to grow and compete. Right before this economic recession companies were actually beginning to pull back on the whole off shoring. As a cost analyst in previous roles of my career I can tell you all in its not worth the headache and companies were learning it.