Sequester Was The Right Thing To Do: Dow Just Hit 15,003 : Private Sector Growing Economy

Originally posted by beezzer
reply to post by TauCetixeta

 

We are definitely not moving in the right direction.

All improvements are cosmetic. Unless we get spending under control and a government that doesn't want to take all our freedoms away, the "face" of improvement will be nothing mor than an illusion.

I'm not all cheery optimistic about the economy because more indicators other than the Dow need to be apparent.

Ahhh.......spending under control?

You mean like the Sequester?

Freedoms taken away? Obama fell right on his face on the failed Gun Control Bill.

He cried like a little girl in the backyard of the White House.

BTW, you should stop by www.usdebtclock.org... using FireFox Browser.

The U.S. Federal Budget Deficit is getting...............................smaller?

How did that happen?

What is going on???

reply to post by TauCetixeta


Your debt clock shows the debt growing larger. It appears to go up another million every few minutes.

If you're still think that adding a few million dollars every few minutes to our debt is "getting smaller", then I gotta ask you: What color is the sky in your world??

Every dollar printed by the Federal Reserve comes with automatic debt attached to it. There is NO WAY it can get smaller when $85 million is printed every month. That comes with interest that must be paid back. The more they print, the more in debt we are.

Whatever you're smoking, you need to stop.

Originally posted by FissionSurplus
reply to post by TauCetixeta

 

Your debt clock shows the debt growing larger. It appears to go up another million every few minutes.

If you're still think that adding a few million dollars every few minutes to our debt is "getting smaller", then I gotta ask you: What color is the sky in your world??

Every dollar printed by the Federal Reserve comes with automatic debt attached to it. There is NO WAY it can get smaller when $85 million is printed every month. That comes with interest that must be paid back. The more they print, the more in debt we are.

Whatever you're smoking, you need to stop.

edit on 4-5-2013 by FissionSurplus because: (no reason given)

Wrong number: Try U.S. Federal Budget Deficit

It is getting............................................smaller.

Try again.

moneymorning.com...

Despite the current stock market rally, legendary investor Jim Rogers say the U.S economy is poised for a major crash and is warning investors to protect themselves immediately. In a riveting interview on Fox Business, Rogers warned Americans not to trust any of the positive economic news coming from world governments. "I don't trust the data from any government, including the U.S., Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial." Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing" says all the money printing is creating false hope that we are in the middle of some kind of super bull market. But in reality, he says, "we're living in a fool's paradise." "The Bank of Japan says it's going to print unlimited amounts of money... Then Mr. Bernanke said I'll match that... I'll print that money too. The Europeans are catching on. You've got money printing going on everywhere and that has never been good for anybody," Rogers said. Currently, Bernanke and company at the U.S. Fed is buying $1 trillion of Treasury and housing agency bonds each year. That's about $85 billion per month against a budget deficit that is about the same level.

A spate of fresh economic reports back that sentiment: Q1 GDP showed the economy grew at an uninspiring 2.5%. U.S. factory activity fell to its slowest pace of 2013 last month as manufacturers curtailed hiring and slashed stockpiles. And the private sector added a measly 119,000 in April, the fewest in seven months.

reply to post by TauCetixeta


So they make some cuts and you're touting this as proof that everything is just awesome. Yet the federal spending continues to climb, as does the US national debt.

Austerity measures in things like defense spending (which includes care for our wounded vets) doesn't mean our economy is recovering. Interest rate cuts on the debt is a temporary hat-trick to make things look better than they are, and can be reversed at any time. Look at the big picture, and not just a tiny corner of it.

Nice try, no cigar.

Originally posted by FissionSurplus
reply to post by TauCetixeta

 

So they make some cuts and you're touting this as proof that everything is just awesome. Yet the federal spending continues to climb, as does the US national debt.

Austerity measures in things like defense spending (which includes care for our wounded vets) doesn't mean our economy is recovering. Interest rate cuts on the debt is a temporary hat-trick to make things look better than they are, and can be reversed at any time. Look at the big picture, and not just a tiny corner of it.

Nice try, no cigar.

Those cuts make ALL THE DIFFERENCE to Moodys and S&P Rating Agencies.

Since the U.S. Federal Budget number is getting smaller, we get to keep our AAA rating.

You are behaving like the U.S. Economy .....contracted....2.5%.

That is not the case. The U.S. Economy ....grew........ at 2.5%

USA GDP = $16 Trillion

Our economy is the envy of the world.

reply to post by TauCetixeta


You mean the rich get richer and the working class is now the welfare and poor class.


yeah, everything is peachy in the land of Richistan America.

News like this just makes me barf.

Originally posted by marg6043
reply to post by TauCetixeta

 

You mean the rich get richer and the working class is now the welfare and poor class.


yeah, everything is peachy in the land of Richistan America.

News like this just makes me barf.

Lets be honest. The rich always get richer. Complaining only makes it worse.

The middle class and poor will join the party when ObamaCare gets repealed.

ObamaCare is a dark cloud over every company in America.

reply to post by TauCetixeta


Obamacare will not be repealed as that is the sole base of the entire Democrats motto and Obama presidential accomplishments.

US economy will collapse once and for all under Obamacare that is my personal prediction.

Originally posted by marg6043
reply to post by TauCetixeta

 

Obamacare will not be repealed as that is the sole base of the entire Democrats motto and Obama presidential accomplishments.

US economy will collapse once and for all under Obamacare that is my personal prediction.

Haven't you heard? Even the democrats are running away from ObamaCare.

Democrats in congress got caught telling the truth: Can we be exempt from ObamaCare

please? It will harm our ability to get new hires.

They talked about it on The Five on Fox News.

The realities of Sequestration and its impacts in the US economy, working class and military.

Make no doubt about it: The impacts of sequestration are real.

Not only will the broader U.S. economy be negatively affected by the $1.2 trillion in federal budget cuts, but in 2013 alone communities large and small will face a total of $85 billion in cuts. Every day, people across America are starting to see how sequestration may affect their quality of life, safety, and ability to get ahead.

What it means for the rest of struggling Americans?

Sequestration means a parent may be unable to work because the Head Start program is no longer available for their children.

Sequestration means a student may find it harder to earn a college degree and pursue the American Dream.

Sequestration means a scientist may forgo critical research at a time when America faces increasing competition from other countries.

And sequestration means a local firefighter may have fewer resources to respond to emergencies.

Meanwhile in Washington

sequestration may mean a percentage point or two in lower gross domestic product growth, but beyond the beltway sequestration is not some abstract economic concept. It means real pain for real people.

www.americanprogress.org...

Sequestration and What It Would Do to U.S. Military Power

If Congress is unable to reach a compromise on how to solve America’s debt dilemma, almost half a trillion dollars in mandatory cuts to the defense budget over the next decade would initiate in January (meaning roughly $55 billion in the first year). It is un-strategic to hack away at the defense budget in a generalized manner, cutting the good and the bad by the same percentage, like a butcher with a piece of meat.

Read more: nation.time.com...

But is ok because Wall Street is doing peachy, but we all know that is do to the Generosity of the Fed with 85 billions a month on QEs at the expenses of the working class in the nation.

reply to post by TauCetixeta


Sadly too littler too late after the historical Supreme court ruling on Obamacare, Obamacare is here to stay.

Alright this will be my last comment here in this thread.

Tau, You really need to read your U2U's and then try to comprehend what everything I stated in my U2U to you implies about the true economic situation not just in the US but WORLDWIDE!

Over the course of this thread it has become strikingly obvious that you do not actually understand in the slightest the numbers you repeatedly trot out over and over... Further I have some more easy to check numbers for you to add to your collection... unfortunately they don't paint a very nice picture!

The gdp is 16 trillion dollars!:

While the GDP could be 16 trillion dollars we are basically forced to take the government's word for this number which is probably a bad idea considering that last month they announced that they were revising upward the gdp for the year by half a TRILLION DOLLARS... Yes that's right they just decided to add in half a trillion dollars to the gdp projection which for those of us keeping score is 3 and one eighth percent! Now they listed their "reasoning" behind this upward revision, but realistically because of what they are supposedly basing the numbers off of not only is there NO WAY for anyone else to verify even a portion of these numbers, but in fact there's not even a really good LEGAL way for them to get access to the numbers they are claiming added 3 percent and change to the gdp! Yes that's right Virginia. these numbers can't be real because it would be nearly impossible to get enough of them in the first place to do a meaningful overall extrapolation and if you did get them you would have to do it ILLEGALLY!

Oh hey and while we're on the subject of GDP I've got some interesting information for you.... JP morgan ALONE has 78.1 trillion dollars in derivatives exposure on it's books currently... and overall the top 25 american banks hold a total of 250 trillion dollars in derivatives exposure! In the event that Jp morgan alone lost big and had to pay out it's entire derivatives exposure it would take the entire GDP of the United States 4.88 YEARS to pay it off! And here's the thing about derivatives buddy... for right now they don't seem to be causing too many issues but eventually SOMEONE is going to have to lose and lose BIG in that game! Worldwide there is several times as many dollars, euro's, or whatever currency equivalent you want to measure it in worth of derivatives out there than the gdp of the ENTIRE WORLD!!
derivative exposures of the top 25 US banks

Housing prices are going up in phoenix!:

As I've pointed out before ... institutional investors are making the bulk of all single family dwelling purchases in the under 400 thousand dollar price bracket in the phoenix metro area (can't find the article but in february the published stats indicated that they were accounting for better than 2/3 of ALL purchases under 400k!) Now you may ask yourself what are they doing with them? The answer is simple really... have you noticed that when you check for a rental home in the phoenix metro area that the monthly rent on a home has went down by around a hundred bucks a month from last year? It's because these investors are buying up the properties and then farming them out to property managers and renting or leasing them out! the rising prices are not caused by happy family's upgrading and first time homebuyers, but instead by big business and speculators.


169 thousand jobs were created last month!:

Well ... if you actually read the whole report you would realize that while 169 thousand jobs may have showed up the average amount of hours worked per week by employees went down! And not only did it go down to a point that destroys any net positive impact from the 169k new jobs, but in order to just BREAK EVEN over 600 thousand more jobs would have had to have been created last month on top of the 169k! What makes it even more grim is when you look at what sectors the jobs created were in.... I'll give you a hint it's not industries known for paying a living wage!

who actually hired more employees in april


BONUS ROUND:

If you were paying attention you'd know that china saw orders plunge from 70% of it's trading partners last month, and this does NOT reflect new manufacturing capability coming online in those country's just less demand!

Chinese Export armageddon


And then there's precious metals.... just go ahead and try to buy yourself some silver at a local shop for what the stock market says it's worth per ounce.... while the big boys are telling you to sell they're buying as fast as they can! FYI historically gold only sells like this when large societal disruptions are imminent!

reply to post by roguetechie


Your Derivative End of the World Scenarios are total BS.

Stop being a Mr. Crankypants.

Americas best days are ahead of us.

BTW, you got 1 thing right. Home values are going up in Arizona.

Yes, the hedge funds are " buying low" right now. Nevertheless, home values ARE

going up. Large numbers of Americans in Arizona are no longer in an underwater position.

Now, they owe less on their homes than what it is worth.

Seek the truth.

Originally posted by marg6043
reply to post by TauCetixeta

 

Sadly too littler too late after the historical Supreme court ruling on Obamacare, Obamacare is here to stay.

Wanna bet?

The clock is ticking on ObamaCare. It will be long gone by January 2014.

The responses to this thread reveal why conspiracy theorists are never taken seriously. The economic worldview is always the same: conspiracy theorists always believe that we are just moments away from economic collapse. No objective point of data matters except when it supports that thesis. Any evidence in favor of economic growth is always attributed as being a government conspiracy, made up, etc.

If you go back and look at posts on these boards from 2005 and 2006, when the economy was booming, it was the same thing. Its always the same thing, because believing economic collapse is nigh is central to conspiracy culture. When we hit DOW 30,000 and 5% unemployment - and we will eventually as all business cycles have booms - people will still be on here claiming its all a lie and were in a depression.

Originally posted by thelongjourney
The responses to this thread reveal why conspiracy theorists are never taken seriously. The economic worldview is always the same: conspiracy theorists always believe that we are just moments away from economic collapse. No objective point of data matters except when it supports that thesis. Any evidence in favor of economic growth is always attributed as being a government conspiracy, made up, etc.

If you go back and look at posts on these boards from 2005 and 2006, when the economy was booming, it was the same thing. Its always the same thing, because believing economic collapse is nigh is central to conspiracy culture. When we hit DOW 30,000 and 5% unemployment - and we will eventually as all business cycles have booms - people will still be on here claiming its all a lie and were in a depression.

Well said.

I'll make another prediction.

The United States GDP will jump over $25 Trillion in 8 years.

Originally posted by TauCetixeta

Originally posted by marg6043
reply to post by TauCetixeta

 

Obamacare will not be repealed as that is the sole base of the entire Democrats motto and Obama presidential accomplishments.

US economy will collapse once and for all under Obamacare that is my personal prediction.

Haven't you heard? Even the democrats are running away from ObamaCare.

Democrats in congress got caught telling the truth: Can we be exempt from ObamaCare

please? It will harm our ability to get new hires.

They talked about it on The Five on Fox News.

you don't need Obamacare if you have your own insurance, if you don't, you can sign up on the exchanges in each state

reply to post by jimmyx


I'll wait for one of the ' Navigators ' to explain it to me.



Charles Krauthammer had it 100% correct.

ObamaCare is a Train Wreck crashing into a Junkyard.

reply to post by roguetechie


Explanation: St*rred!

I concur!

Furthermore the OP has failed to take into consideration things like the $500,000,000,000.oo Libor scandal PLUS the $379,000,000,000.oo ICAP Interest-rate swaps scandal which together is over 4/5ths of 1 QUADRILLION $'s of pure scam.

Lets put that into some context with something really big ... like the entire worlds economic output for a single year ...



Lets call the worlds current annual GPD $60,000,000,000.oo

And lets call the scams value at $879,000,000,000.oo

Divide the later by the former and we get a result = 14.65 x the ENTIRE WORLD ECONOMY OUTPUT FOR AN ENTIRE YEAR!

Therefor ... to just cover/pay off those two scams ... the entire world would have to work as it does now for no pay at all for the next 15yrs [ongoing interest rate costs would make this far longer ok]!

:shk:

Personal Disclosure: Show this factual post to Wallstreet and Watch The Entire World Economy fold up in seconds ... FOREVER!

P.S. And that is just the scams we know about!