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I'll admit I've had my doubts about Obama, but this is good news.
The fact is that now almost every single measure is improving...jobs, housing, stock market, gold is on the decline, interest rates are going to start rising again soon.
Stock market, housing, auto sales...those are all measured in units sold/traded.
reality doesn't lie.
Originally posted by roguetechie
reply to post by TauCetixeta
Actually Tau... you are completely mistaken!
The phoenix metro area's explosive rise in home prices is due to institutional investors snapping up properties which they then put in the care of property management companies who lease or rent them out...
The fallacy that actual families are buying these homes to live in is not in any way supported by the actual numbers that are freely available to those who do their due diligence.
This has caused rent prices in the phoenix area to drop on some properties due to a glut on a market that is also slowly but surely becoming too expensive for the vast majority of people to participate in!
And while gas prices may have went down temporarily I can tell you that this is also not actually a good sign!
Do you know why gas prices are dropping right now?
Because demand worldwide is CRATERING!!
Last month a survey was done among companies that operate tankers in the middle east. Do you know what they found? They found that nearly 22% of all tankers in the fleets were most likely not going to do even a single run for the ENTIRE month! They also found that many of the tankers that are still operating and running shipments are operating at losses up to several hundred dollars a day during the runs! In other words demand is so far down that the going price for a tanker delivery is now so low that many operators cannot even operate their ships on what they are getting paid!
If you look at rail traffic and a myriad of other indicators the news is the same everywhere!
I'd also like to point out that the so-called job creation going on right now is really just a reshuffling act where companies are cutting the hours of more expensive employees and hiring less expensive employees (also part time! good luck finding full time work in most of the country right now! and you know what? It's only going to get worse!).
If you or anyone else arguing that the economy is doing better had bothered to drill down into the data even a tiny bit you'd see that while in theory 169k jobs were created the total hours worked by the ENTIRE workforce in the country has dropped SHARPLY! To a point where just to even things out for the loss of average hours worked by already employed people there would have had to have been almost three quarters of a MILLION jobs created... not one hundred and sixty nine THOUSAND!
As to those saying QE is ok because everyone is doing it.... I hope to god you are not economics or accounting majors because statements like that are so ridiculously illogical that it actually PAINS me to hear people saying things like that with a straight face and actually BELIEVING them!
Now... to address the whole there's been no hyper inflation so you right wingers are wrong wrong wrong argument....
First off if you knew ANYTHING about the mechanics of economic collapses you would know that before any hyperinflation incident there is a period of deflation.... we are starting to enter this period now (Finally... Helicopter Ben and the gang may have kept the hot potato in the air for awhile but it was sheer folly to think they could do it indefinitely!)
In addition it can and should be pointed out that much of the difficulty people are having with predicting the markets is due to the utterly rampant and ubiquitous price fixing, organized fraud, insider trading, and other dirty games going on behind the scenes right now! In essence the reason things are being made to look like they are on the upswing right now is to bring the last of the money from the quickly evaporating middle class and nouveau riche back into the markets for one more round of fleecing!
If you watch closely what the ultra rich and the ultra smart are doing right now.... you will see a concerted and UNIVERSAL effort to use every trick at their disposal to gain ownership of real and tangible physical assets in exchange for useless paper!
Take for example Gold.... rumors of gold's demise are running rampant and everyone and their dog are telling YOU the small time investor that gold, especially physical gold you hold yourself, is a bad investment and that you should sell it NOW!
Originally posted by ErtaiNaGia
reply to post by BobM88
I'll admit I've had my doubts about Obama, but this is good news.
I think you meant "Bold Faced Lie"
They aren't reporting on the number of people who are unemployed.... they are reporting the "Unemployment™" Index... which means something completely different from The number of people who don't have a job.
Edit: Oh... I see you guys have already begun discussing this information... very well, carry on.edit on 4-5-2013 by ErtaiNaGia because: (no reason given)
The Federal Reserve is purchasing 90% of all government debt with printed money for the last 5 years! what do you think is going to happen when those bonds, purchased with printed money matures?
These bonds are being purchased at record low Interest rates( 1.5%-2%) And the interest on the debt is at $350 billion dollars. What happens when rates rise back up to their historical rates of 6%? You’re going to see the interest on debt TRIPPLE to $1.050 TRILLION. That’s 42% of the money taken in by the government through taxes going to interest payments. At that point we defalt.
If the economy was doing so well, why has the FEDs not stopped print 85 billion dollars a month? The stock market is at record HIGHs and there still printing money? That’s scary!
Originally posted by MyHappyDogShiner
“If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.”
Originally posted by Starwise
I personally know many people who have fallen out of the system and are still unemployed. The report to me is so false it is not even funny. I am out of work right now, but it doesn't count because I am not collecting unemployment.