Sam Zell: Commercial Real Estate Vacancies Will Fill, But at 30 Percent Lower Rates [View article]
"This is a demand recession and I suggest to you that as the economy improves," As the economy improves, that's a good one. I'll have to remember that.
Real Cause of This Financial Crisis? Global Hunger for Savings Instruments [View article]
What you say is true, but didn't the moving of manufacturing out (with government help) and the exporting of cheap labor (with government help) precipitate the whole mess?
On Oct 22 07:34 AM a fat panda wrote:
> Great. We have an article about how many how many explanations there > are, and we get 3 more. > > Guys, It is consumer debt that caused the problems. Consumer debt > enable people to pull demand forward creating the revenues that made > the whole thing look reasonable. The low interest rates let people > consume hamburgers today for 2 on Friday. Only it wasn't hamburgers. > It was cars, and houses, and TVs. > > That is layer one. In the next layer, the TV manufacturers became > 'rich' selling future demand today. The workers wanted more pay so > we set pensions at 8.5% discount rates so that we wouldn't have to > fund them. At one point, America had something like 9% of the population > was millionaires, all selling tomorrows demand today. > > It wasn't just housing that had a bubble. American expectations were > in the greatest bubble in history.
> The USA has a services based economy, accounting for about 70% of > GDP. In other words it does not export a lot of manufactured goods. > As yesterdays result clearly showed things are on the mend, so I > would expect the employment situation to get a lot better from here > on in. Unless I am mistaken, consumer confidence should show a more > positive result today.
"We are in economic territory that has not been seen in over half a century. We have the first major credit driven recession since the 1930s. In "normal" business cycle recessions, employment has bottomed within two years (usually within one year) of the end of the recession and has recovered within approximately 3-4 years to near nominal full employment.
We cannot assume that will happen this time. Conditions are not the same as we have experienced in the last 50 years. We not only have a credit crisis. We also have an employment crisis."
Well, duh! How long did we think we could run an economy based 70% on what we sell?
Fed buys back $4.95B of the $14.5B offered by dealers in Treasurys maturing from 2016 to 2019, less than the $7B it bought on Aug. 7 when dealers were offering $48.3B. [View news story]
I'm sure that there's no manipulation here. The Feds have our interest at heart.
Recovery in U.S. Manufacturing Seems to Have Arrived [View article]
thiazole, ..........and how many trillion dollars has it taken to provide these miniscule "upticks"? One of two things will happen: These trillions of dollars are going to decide to make themselves known in an inflationary way or the feds will find their manipulations simply won't work forever. Either way, conceptwizard is right.
On Sep 01 04:40 PM thiazole wrote:
> A lot of what you posted here is wrong, but it amazes me that you > say that exports are down after an article that clearly shows that > not only are exports up, but the rate exports are growing is accelerating. > > > I know, I know - you are using a timeframe that matches the argument > you want to present, ie "Sure, things have gotten better since March. > But things are still worse than they were before this recession started > and therefore, things must still be getting worse". Am I correct > in assuming that this is how you are making your conclusions? It > would be the same as saying "the stock market hasn't been rallying > - 1 year ago it was higher than it is now, so the stock market has > actually been in a 1 year tailspin".
How to Tell a Real Economic Recovery [View article]
Mr. Harrison, This financial idiot thinks we are pretty much in an artificial economy, kept up by media hype, government cheerleaders, and a Goldman Sachs controlled Federal Reserve that is throwing money at anything that looks it's way to keep the economy stumbling along. We'll see how long they can do it. The manufacturing has been exported and cheap labor has been imported. The economy has been gutted. It's all cheap tinsel. Would someone please tell me how we can sell each othe Chinese products, shine each others shoes, and expect the economy to "come back". Just ramblings from a village idiot.
Thursday Outlook: Commodities, Global Markets [View article]
Dave, If the feds are going to stop buying bonds, who is going to buy them? 2nd question is if our economy is to rebound, what is to be the driver? Our manufacturing has been shipped overseas. Are we to sell each other chinese made products, or just do service work for each other? I don't understand how the recession can be over. Maybe it's coming to an end and a depression is to follow?
Closing Update for Wednesday, August 12: The Fed's Relative Optimism Is Catching [View article]
"The Federal Reserve's policy-setting FOMC said it would slow its purchases of long-term Treasurys and let the program end entirely by the end of October." The feds are not only manipulative crooks, they're liars.
Isn't it nice to be around to watch the greatest manipulation and propaganda machine the world has ever seen? How long can they keep it up? It's a bad joke on us. We'll get the punch line one of these days.
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Latest | Highest ratedSam Zell: Commercial Real Estate Vacancies Will Fill, But at 30 Percent Lower Rates [View article]
James Grant on WealthTrack: Surprisingly Strong Recovery Ahead [View article]
On Nov 02 03:26 PM yellowhoard wrote:
> Grant is one of a kind.
>
> I've read him for half my life and found him to be usually very right
> in his take on things.
Real Cause of This Financial Crisis? Global Hunger for Savings Instruments [View article]
On Oct 22 07:34 AM a fat panda wrote:
> Great. We have an article about how many how many explanations there
> are, and we get 3 more.
>
> Guys, It is consumer debt that caused the problems. Consumer debt
> enable people to pull demand forward creating the revenues that made
> the whole thing look reasonable. The low interest rates let people
> consume hamburgers today for 2 on Friday. Only it wasn't hamburgers.
> It was cars, and houses, and TVs.
>
> That is layer one. In the next layer, the TV manufacturers became
> 'rich' selling future demand today. The workers wanted more pay so
> we set pensions at 8.5% discount rates so that we wouldn't have to
> fund them. At one point, America had something like 9% of the population
> was millionaires, all selling tomorrows demand today.
>
> It wasn't just housing that had a bubble. American expectations were
> in the greatest bubble in history.
Employment in Crisis [View article]
On Oct 06 08:51 AM rick12345 wrote:
> The USA has a services based economy, accounting for about 70% of
> GDP. In other words it does not export a lot of manufactured goods.
> As yesterdays result clearly showed things are on the mend, so I
> would expect the employment situation to get a lot better from here
> on in. Unless I am mistaken, consumer confidence should show a more
> positive result today.
Employment in Crisis [View article]
We cannot assume that will happen this time. Conditions are not the same as we have experienced in the last 50 years. We not only have a credit crisis. We also have an employment crisis."
Well, duh! How long did we think we could run an economy based 70% on what we sell?
Fed buys back $4.95B of the $14.5B offered by dealers in Treasurys maturing from 2016 to 2019, less than the $7B it bought on Aug. 7 when dealers were offering $48.3B. [View news story]
Recovery in U.S. Manufacturing Seems to Have Arrived [View article]
On Sep 01 04:40 PM thiazole wrote:
> A lot of what you posted here is wrong, but it amazes me that you
> say that exports are down after an article that clearly shows that
> not only are exports up, but the rate exports are growing is accelerating.
>
>
> I know, I know - you are using a timeframe that matches the argument
> you want to present, ie "Sure, things have gotten better since March.
> But things are still worse than they were before this recession started
> and therefore, things must still be getting worse". Am I correct
> in assuming that this is how you are making your conclusions? It
> would be the same as saying "the stock market hasn't been rallying
> - 1 year ago it was higher than it is now, so the stock market has
> actually been in a 1 year tailspin".
Bernanke's Renomination: Hold the Applause [View article]
How to Tell a Real Economic Recovery [View article]
This financial idiot thinks we are pretty much in an artificial economy, kept up by media hype, government cheerleaders, and a Goldman Sachs controlled Federal Reserve that is throwing money at anything that looks it's way to keep the economy stumbling along. We'll see how long they can do it. The manufacturing has been exported and cheap labor has been imported. The economy has been gutted. It's all cheap tinsel. Would someone please tell me how we can sell each othe Chinese products, shine each others shoes, and expect the economy to "come back". Just ramblings from a village idiot.
What Kind of Market Rally Is This? [View article]
Thursday Outlook: Commodities, Global Markets [View article]
Closing Update for Wednesday, August 12: The Fed's Relative Optimism Is Catching [View article]
Economic Glimmers of Light [View article]
Thursday Outlook: Commodities, Global Markets [View article]
The Consumer Is Not Back, But Thanks for the Markup in Stock Price [View article]