No-no-no!!
It's picking up "STEEM".
You are the same people who would have told Einstein he was an idiot and failed him out of school.
Economy Picking Up Steem!!!
- Thread starter Jarod
- Start date
You are the same people who would have told Einstein he was an idiot and failed him out of school.
How can you say that is not a turn around?
Cancel 2016.2
The Almighty
Because it is still headed in the same direction moron. Momentum may be slowing, but it is still headed down... hence the HIGHER unemployment rate. When it flatlines or starts to revert, THEN the turn around will have begun.
If you are driving at 60 MPH going south and you realize you want to go north.... which do you do first...do you spin the wheel or do you hit the brakes?
Okay, I can see what you are saying, but its certian that if the slowdown continues, then begins to move into the posative catagory at the same speed, we can look back and say, that was the beginging of the turn around...
Right??? So only time will tell if it was the start of a turn around or just a brief lull in the negative momentum. Correct?
Cancel 2016.2
The Almighty
Yes, only time will tell where the turnaround will begin. Because even if we go flat or even positive for a month or two, we will not know if it is a lull or a turn around until after the fact. That said, you still MUST see at a minimum a flat period for any turn around to start. The turn starts when you stop going in the same direction you are currently heading in.
I notice nobody mentions that Obama's predictions for his budget showed that the unemployment rate would peak in September of this year at 8.4%... We've already gone past that and it is still going in the same direction.
As I said before I'd prefer that we turned around before we picked up steam.
As I said before I'd prefer that we turned around before we picked up steam.
Semantics... I consider the start of the turn around when the slow into the wrong direction starts... You consider the start of the turn around when the ship actually begins going in the correct direction.
Obama was wrong in his perdiction. I belive however we are not witnessing the begining of the turn around. The ship must slow before heading in the correct direction.
When the Captin decides to begin a turn around, it talkes a slow down in the current direction prior to going in the correct direction.
Not only was he wrong in that prediction, but on the projected deficit because of that missed prediction. Many warned him that his projection was wrong, and it appears as if it will be by a long shot. Yet he still brags about the jobs he has "saved" as if the very idea that we've already lost MORE than he projected we would peak at doesn't mean he hasn't "saved" crap.
Total BS sopped up by worshipers.
SmarterthanYou
rebel
and yet, prices are still rising all over the place. gas is at 2.50 a gallon again in Texas. way to extend that recession.
It's impossible to argue that the signs over the past month have not been promising. The freefall has stopped, and many are optimistic that we have hit bottom in key areas. Employment can be a lagging indicator, and I certainly don't think we're out of the woods yet, but after predictions of doom when the stimulus passed, I think the current climate is at least some early vindication for the admin.
And I'm sure you will be first in line to praise them & the stimulus if in fact we do see positive growth later this year...
Actually I think they are promising. I wasn't arguing against that, I was just pointing out that I prefer it turn all the way around before it picks up steam, and more recently that "saving" jobs is irrespective of the fact that we have already lost more than he projected it would peak at. If I said I saved $5, after I projected I would spend $50 at my peak but have already spend $60 while I was still spending you'd say I was insane.
And I will certainly be happy if the economy turns around despite what you project onto me. I'm sure I wouldn't want to praise GWB's and Obama's economic policy and "stimulus", but I will if it turns around that quickly.
Hell what was the price of gass this time last summer?
It isn't summer.
It sure feels like it here!
Not so much in Orlando. Wasn't nearly as hot as it is in July.
It was very rainy when you were here, in fact its been very rainy for 6 weeks or so... But today is expected to be in the 90's with humidity around 93%. Thats summer in my book.
Your book is wrong. It isn't summer until the Solstice.