uscitizen
Villified User
Ahh a one liner to complain about one liners.
How refreshing.
I am usually correct though. Verbosity does not make right.
"The US economy is undoubtedly in recession,"
- Thread starter uscitizen
- Start date
Ahh a one liner to complain about one liners.
How refreshing.
I am usually correct though. Verbosity does not make right.
Cancel 2016.2
The Almighty
Not on this thread you weren't.... going with your "experts" opinion rather than with reality.
Side note... wasn't complaining about your one liners... just stating they were constant. Also... mine was TWO lines, not one... a ONE HUNDRED percent increase over your feeble attmepts...
uscitizen
Villified User
Where did I ever say I agreed with him that we were in a recession.
I trust that guys judgement more than spinners, but who wouldn't ?
He has more money than spinner so obviously he is smarter and more educated
By spinner logic anyway.
btw you need a bigger window, it was one line on my screen
I trust that guys judgement more than spinners, but who wouldn't ?
He has more money than spinner so obviously he is smarter and more educated
By spinner logic anyway.
btw you need a bigger window, it was one line on my screen
Last edited:
uscitizen
Villified User
Hmmm, just found this...
China's Economy Expands 11.5%, Adding Yuan Pressure (Update5)
By Nipa Piboontanasawat and Li Yanping
More Photos/Details
Oct. 25 (Bloomberg) -- China's economy, the biggest contributor to global growth, expanded 11.5 percent in the third quarter, adding pressure for faster currency appreciation and higher borrowing costs to curb inflation.
The increase in gross domestic product from a year earlier matched the median estimate of 26 economists surveyed by Bloomberg News and compared with an 11.9 percent gain in the second quarter, the fastest pace in 12 years. The statistics bureau released the figures in Beijing.
The CSI 300 Index of stocks fell the most in six weeks on speculation the central bank will raise interest rates for the sixth time this year. A record trade surplus helped drive a 26.4 percent surge in factory and property spending in the first nine months, raising the risk of idle plants and bad loans as the global economy slows.
``The central bank may raise interest rates immediately,'' said Wang Qing, chief China economist at Morgan Stanley in Hong Kong. ``We expect the yuan to appreciate more quickly over the next three months as part of measures to cool the economy.''
The CSI 300 fell 4.6 percent at the 3 p.m. close of trading. The yuan rose to close at 7.4820 versus the dollar from 7.4926 yesterday, heading for the biggest weekly gain in five weeks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=acF2O3WCjpVg&refer=worldwide
Maybe not a recession here, but it looks like the guy might not be so dumb....
China's Economy Expands 11.5%, Adding Yuan Pressure (Update5)
By Nipa Piboontanasawat and Li Yanping
More Photos/Details
Oct. 25 (Bloomberg) -- China's economy, the biggest contributor to global growth, expanded 11.5 percent in the third quarter, adding pressure for faster currency appreciation and higher borrowing costs to curb inflation.
The increase in gross domestic product from a year earlier matched the median estimate of 26 economists surveyed by Bloomberg News and compared with an 11.9 percent gain in the second quarter, the fastest pace in 12 years. The statistics bureau released the figures in Beijing.
The CSI 300 Index of stocks fell the most in six weeks on speculation the central bank will raise interest rates for the sixth time this year. A record trade surplus helped drive a 26.4 percent surge in factory and property spending in the first nine months, raising the risk of idle plants and bad loans as the global economy slows.
``The central bank may raise interest rates immediately,'' said Wang Qing, chief China economist at Morgan Stanley in Hong Kong. ``We expect the yuan to appreciate more quickly over the next three months as part of measures to cool the economy.''
The CSI 300 fell 4.6 percent at the 3 p.m. close of trading. The yuan rose to close at 7.4820 versus the dollar from 7.4926 yesterday, heading for the biggest weekly gain in five weeks.
http://www.bloomberg.com/apps/news?pid=20601087&sid=acF2O3WCjpVg&refer=worldwide
Maybe not a recession here, but it looks like the guy might not be so dumb....
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The Almighty
Topspin
Junior Member Join Date: Jul 2006
Userid: 36
Posts: 2,285
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"Only a moron thinks we are in recession, ohh and maybe high school educated trailor trash computer techs."
uscitizen
A Party of One Join Date: Aug 2006
Userid: 68
Location: In the middle of nowhere
Posts: 22,301
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Sorry spinner, I will take that guys credentials over yours on finiancial matters anyday.
Junior Member Join Date: Jul 2006
Userid: 36
Posts: 2,285
--------------------------------------------------------------------------------
"Only a moron thinks we are in recession, ohh and maybe high school educated trailor trash computer techs."
uscitizen
A Party of One Join Date: Aug 2006
Userid: 68
Location: In the middle of nowhere
Posts: 22,301
--------------------------------------------------------------------------------
Sorry spinner, I will take that guys credentials over yours on finiancial matters anyday.
Cancel 2016.2
The Almighty
The guy is an idiot.
1) We are not in a recession as he claims
2) He is not on the leading edge jumpiing out of the dollar as you suggested
3) The yuan is tied to the dollar, so there will not be a significant move vs the dollar unless the Chinese break their ties to the dollar. The chances of them doing so are somewhere between slim and none and slim just left.
And?
Let's put it this way...
If a balloon is inflated with only one breath of air, another one increases the "expansion" by 100%.
If a balloon is filled with thousands of breaths of air, another 50 still doesn't increase it by 1%. The Chinese will have larger percentages of growth, even if the expansion is less than that of the US, because of the difference in scope of the economies.
Let's put it this way...
If a balloon is inflated with only one breath of air, another one increases the "expansion" by 100%.
If a balloon is filled with thousands of breaths of air, another 50 still doesn't increase it by 1%. The Chinese will have larger percentages of growth, even if the expansion is less than that of the US, because of the difference in scope of the economies.
uscitizen
Villified User
You supported this guy's "expertise" over a simple statement that only a moron thinks we are in recession. His "expertise" is in retarded comments based in fantasy-land.
You accepted that baseless assertion, and attempted to support it based on the word "expert" in your story. I know it is embarrassing, but take the hit and move on.
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The Almighty
QFT
Cancel 2016.2
The Almighty
No assumptions... read the quotes again....
Your expert says "US is in a recession"
Topper says "only a moron would think we are in a recession"
You said..." I will take the experts opinion over toppers"
But you got us... you did not use the actual word recession... you simply stated you would side with the "expert" over topper. We'll just ignore the fact that your "expert's" side was one that stated we were in a recession.
uscitizen
Villified User
I still would take his advise over spinners and that is what I said .
No hit no run no error damo.
From the other link I posted, it kinda looks like he made a good move to me....
For hos own greedy ass that is, not good for the USA.
I wouldn't take the advice of some guy that is only now getting out of the dollar. He's way on the bottom of the smart curve, he isn't leading the pack it took him over a year to catch on to the falling dollar.
While Topspin loves to make insults and doesn't spell well, in almost every case he offers good advice.
While Topspin loves to make insults and doesn't spell well, in almost every case he offers good advice.
uscitizen
Villified User
when has topspin offered any advise ? Very damn seldom he is just usually talking about bowling or somesuch.
Usually on those ones he is giving left-hand advice (my own coined term for insult somebody into action you think is beneficial) to get a strong education. That, IMO, is good advice. While there are exceptions to the rule, education is the foundation of success.
