Best September in 70 years!

Darla said:
Krugman vehmently disagrees with you and he did win a Nobel Prize for economics, not to mention that I have been reading him daily (his blog) for years and he predicted every single thing that was going to happen before it happened and as far as I know you haven't, so I am going to go with Krugman. Sorry!
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yes... and Obama won a Nobel prize for doing nothing and Al Gore won a Nobel prize for fear mongering and being told he was wrong.... by people on the same side of the issue as him.

Krugman is an intelligent individual, but he is all caught up in himself and cannot separate his political views from sound economics. Spending just for the sake of spending is moronic.
 
Darla said:
Krugman vehmently disagrees with you and he did win a Nobel Prize for economics, not to mention that I have been reading him daily (his blog) for years and he predicted every single thing that was going to happen before it happened and as far as I know you haven't, so I am going to go with Krugman. Sorry!
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And Yasser Arafat AND Barrack Obama won the Nobel Peace Prize

:beam:
 
Superfreak said:
yes... and Obama won a Nobel prize for doing nothing and Al Gore won a Nobel prize for fear mongering and being told he was wrong.... by people on the same side of the issue as him.

Krugman is an intelligent individual, but he is all caught up in himself and cannot separate his political views from sound economics. Spending just for the sake of spending is moronic.
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The so-called "waste" in the stimulus was so overplayed. Almost a third was tax cuts; much of the rest was targeted very well. Hacks like Beck highlighted some of the idiocy in the bill, but it was an extremely small %, and it was overblown.

A few hundred billion more - for some of what was cut, like state aid and help for lower income families, would have gone a long, long way. It would have been peanuts compared to what we lost from the time the crash started...
 
Threedee said:
Greatest Sec. of State since John Q. Adams, btw. You must be confusing Kissinger with Robert McNamara.
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Ole Henry was and is pretty much hated by all far left wing fascists, communists, socialists and anti-US people worldwide....but thats another thread
 
Yeah, that's what happens when you make peace with China and negotiate an armistice between the Vietnams, which Congress ultimately ignores 2 years later when your boss is out of office...

...Oh, yeah, but he went along with Nixon bombing Cambodia. Of course, McNamara bombed the shit out of Vietnam, and authorized the creation of of Freefire Zones.
 
Onceler said:
The so-called "waste" in the stimulus was so overplayed. Almost a third was tax cuts; much of the rest was targeted very well. Hacks like Beck highlighted some of the idiocy in the bill, but it was an extremely small %, and it was overblown.

A few hundred billion more - for some of what was cut, like state aid and help for lower income families, would have gone a long, long way. It would have been peanuts compared to what we lost from the time the crash started...
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It wasn't so much 'waste' as it was PACE. Though there was indeed waste.... bailing out public sector unions without ANY concessions from the unions which simply put the states right back in the hole when the bribes to the unions ran out....

What I want to know.... all that TARP money that is being repaid.... WHERE THE FUCK IS IT GOING? The national debt is not decreasing. Where are they spending it? Every single dime of the repayment should have gone to pay down the debt. We need accountability for that money.

Back to the stimulus... that money should have gone into actual JOB CREATION. Infrastructure is in desperate need throughout the country. Instead of one extension after another for unemployment (which does NOTHING other than keep stop gapping the problem) they should have spent money to retrain people to be able to jump into the infrastructure projects and obviously also spent the money asap on the projects themselves. Instead they just made a bunch of signs and stuck them on every existing project in the country and pretended those projects were funded by the stimulus.

Obviously you and I have discussed the spending cuts that NEED to take place. Though we both agree that there isn't one backbone in DC that will stand up and do what is right in that regards.

Taxes have to go up from here. Anyone who thinks they wont is insane. Prep your IRAs... make sure you have beneficiary reviews, custodial reviews and look into the Roth conversion. Get Uncle Sam out of your IRA. Traditional IRAs are infested with taxes.... the Roth can potentially solve it. It is better to pay taxes on it now than pay on it later at higher rates. Look at long term historical tax rates... we are at historic lows and debt is at insane levels and climbing higher. Taxes only have one way to go (barring the miraculous spending cuts).
 
Superfreak said:
It wasn't so much 'waste' as it was PACE. Though there was indeed waste.... bailing out public sector unions without ANY concessions from the unions which simply put the states right back in the hole when the bribes to the unions ran out....

What I want to know.... all that TARP money that is being repaid.... WHERE THE FUCK IS IT GOING? The national debt is not decreasing. Where are they spending it? Every single dime of the repayment should have gone to pay down the debt. We need accountability for that money.

Back to the stimulus... that money should have gone into actual JOB CREATION. Infrastructure is in desperate need throughout the country. Instead of one extension after another for unemployment (which does NOTHING other than keep stop gapping the problem) they should have spent money to retrain people to be able to jump into the infrastructure projects and obviously also spent the money asap on the projects themselves. Instead they just made a bunch of signs and stuck them on every existing project in the country and pretended those projects were funded by the stimulus.

Obviously you and I have discussed the spending cuts that NEED to take place. Though we both agree that there isn't one backbone in DC that will stand up and do what is right in that regards.

Taxes have to go up from here. Anyone who thinks they wont is insane. Prep your IRAs... make sure you have beneficiary reviews, custodial reviews and look into the Roth conversion. Get Uncle Sam out of your IRA. Traditional IRAs are infested with taxes.... the Roth can potentially solve it. It is better to pay taxes on it now than pay on it later at higher rates. Look at long term historical tax rates... we are at historic lows and debt is at insane levels and climbing higher. Taxes only have one way to go (barring the miraculous spending cuts).
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Interesting that you'd bring up TARP; this news just came out:

http://www.msnbc.msn.com/id/39449834/ns/business-the_new_york_times/

"But the once-unthinkable possibility that the $700 billion Troubled Asset Relief Program could end up costing far less, or even nothing, became more likely on Thursday with the news that the government had negotiated a plan with the American International Group to begin repaying taxpayers. "

That's actually pretty cool. It's not a done deal, but this was one of those debates where opponents of TARP really went out there with the fear-mongering about passing it all onto the next generation, and massive debt from it for decades to come.

There is a lesson to be learned from this. People need to think LONG TERM. You can save a dollar today but cost yourself $100 in a year. The whole debate about both TARP & the stimulus has brought out the pennywise/pound foolish mentality in so many people...
 
$50 says jarod never said boo when the stock market reached its loftiest height under GWB.....

i guarantee you he never created a thread about it and said yahoooooo....!!!!!!

to get jacked over a month that precedes october is fucking stupid
 
Yurt said:
$50 says jarod never said boo when the stock market reached its loftiest height under GWB.....

i guarantee you he never created a thread about it and said yahoooooo....!!!!!!

to get jacked over a month that precedes october is fucking stupid
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It's stupid...really?

September is traditionally a terrible month for the stock market.

Which is why the fact that this particular September showed uncharacteristic gains was good news for many, and made headlines.

Me? I get excited about any decent economic news these days. It's hard to see how that's a stupid thing to do.
 
Onceler said:
It's stupid...really?

September is traditionally a terrible month for the stock market.

Which is why the fact that this particular September showed uncharacteristic gains was good news for many, and made headlines.

Me? I get excited about any decent economic news these days. It's hard to see how that's a stupid thing to do.
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october is worse you fucking moron

but i know, you get hard on for any scrap of good news under obama's reign
 
headlines? really....lets see

this is the reality jarod and onceler would have you ignore:

New York, September 30th (TradersHuddle.com) – Stocks fell, trimming the best monthly gains since April 2009 and the best September since 1939. Market participants took profits on best performing stocks for the month and quarter after the better than expected economic data spurred speculation that the Fed will not provide additional stimulus measures.



The Dow Jones Industrial Average fell 47.23 points, or 0.44%. The S&P 500 index dropped 3.53 points, or 0.31%, while the NASDAQ slid 7.94 points, or 0.33%. Market breadth was mixed. On the NYSE, winners topped decliners by a narrow margin. On the NASDAQ, losers outpaced advancers also by a narrow margin.

http://www.tradershuddle.com/201009...1-years-dow-laggards-axp-cat-pfe-kft-hpq.html
 
unlike onceler, i can admit i'm wrong, and i was wrong about october, after further research:

Fresh off one of the most-volatile months ever for U.S. stocks, investors can’t be happy that they’re facing another October – the poster child for U.S. stock market crashes. Thanks to the stock market crashes of 1929 and 1987, October has a reputation for being a horrible month for stocks. But once you dig into the data, you find that October’s reputation as the “jinx month” might just be undeserved.

While it’s true that some of the most spectacular crashes in history have occurred in October, the reality is that it’s September that has the worst track record of all for stock-market performance.
http://www.contrarianprofits.com/articles/october-isn’t-the-worst-month-for-stocks/5907

so overall....september is worse, i was just remembering the big crashes....

at least i'm honest
 
Yurt said:
headlines? really....lets see

this is the reality jarod and onceler would have you ignore:

New York, September 30th (TradersHuddle.com) – Stocks fell, trimming the best monthly gains since April 2009 and the best September since 1939. Market participants took profits on best performing stocks for the month and quarter after the better than expected economic data spurred speculation that the Fed will not provide additional stimulus measures.



The Dow Jones Industrial Average fell 47.23 points, or 0.44%. The S&P 500 index dropped 3.53 points, or 0.31%, while the NASDAQ slid 7.94 points, or 0.33%. Market breadth was mixed. On the NYSE, winners topped decliners by a narrow margin. On the NASDAQ, losers outpaced advancers also by a narrow margin.

http://www.tradershuddle.com/201009...1-years-dow-laggards-axp-cat-pfe-kft-hpq.html
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Why would I want to ignore that? That seems like pretty good news.

Man, are your attempted gotcha's weird sometimes. What did you do...just post the first thing you could find?

LOL
 
Yurt said:
unlike onceler, i can admit i'm wrong, and i was wrong about october, after further research:

Fresh off one of the most-volatile months ever for U.S. stocks, investors can’t be happy that they’re facing another October – the poster child for U.S. stock market crashes. Thanks to the stock market crashes of 1929 and 1987, October has a reputation for being a horrible month for stocks. But once you dig into the data, you find that October’s reputation as the “jinx month” might just be undeserved.

While it’s true that some of the most spectacular crashes in history have occurred in October, the reality is that it’s September that has the worst track record of all for stock-market performance.
http://www.contrarianprofits.com/articles/october-isn’t-the-worst-month-for-stocks/5907

so overall....september is worse, i was just remembering the big crashes....

at least i'm honest
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Massive egg on your face, dude. You were trying to pull yet another "gotcha", which would have been stupid anyway, because we were talking about Sept. being a traditionally bad month, and why this was good news today. So, you were just trying to deflect from the main topic.

I'm glad to see you fall on your face for that. And of course you had to admit you were wrong; how could you avoid it? Facts are facts.

Duh.
 
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