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Arrived: Recession (pg. 5)
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| ninetyninej |
| quote: | Originally posted by MikeLord
woah.. damn i got stumped. PAYROLL GROWTH INCREASED LAST QUARTER. the unemployment rate is not part of the recession formula. overall payroll growth is what it is factored into a recession. even if unemployment is increases, payroll growth would have to go with that as well for consecutive quarters.
slower growth <> recession
i'll be sure to read in depth next time. let me find a bunch of articles to show how smart i am... |
laff
well everyone we can all go back to business as usual. mikelord's payroll factoid, although ignoring two dozen other employment and economic factors, has conclusively erased all evidence of being in or heading towards a recession!
i for one am relieved. phew, that was a close one mike. thanks buddy! :rolleyes:
hey mikey, you should consider applying for an internship in the white house. you have a talent for ignoring all the facts and thinking one dimensional, also known as 'the Bush administration economic policy' |
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| MikeLord |
| quote: | Originally posted by ninetyninej
laff
well everyone we can all go back to business as usual. mikelord's payroll factoid, although ignoring two dozen other employment and economic factors, has conclusively erased all evidence of being in or heading towards a recession!
i for one am relieved. phew, that was a close one mike. thanks buddy! :rolleyes:
hey mikey, you should consider applying for an internship in the white house. you have a talent for ignoring all the facts and thinking one dimensional, also known as 'the Bush administration economic policy' |
I'll also be sure to only use what i read from "public" websites that is government controlled as my only sources. not saying that its not possible we might be in one but we are a good ways away from even coming close to one (recession). You must be one of those conspiracy theory guys...
maybe if you took the time to analyze the data for yourself and not just read articles that make you think you are smart you might find some interesting information. but then again... you are probably one of those typical stupid media junkie that believes everything written.
why don't you show us how smart you are and show us your own data and research. you will probably have a different opinion then this stupid stock market scare BS that is going on right now. |
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| MikeLord |
| quote: | Originally posted by 72hrpartyanimal
Out of curiosity, what do you guys do for a living???
I'm a janitor ;) |
I just sit here and post articles that i find and i try to act that i'm so smart and an expert of the economy... |
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| djGT |
| quote: | Originally posted by MikeLord
I'll also be sure to only use what i read from "public" websites that is government controlled as my only sources. not saying that its not possible we might be in one but we are a good ways away from even coming close to one (recession). You must be one of those conspiracy theory guys...
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Come on Mike, when the government, newspapers, and economists suggest we are headed towards a recession, you know we're in big do-do. No conspiracies here. Let's all be happy we have a job. :wtf:
As for the "market scare", it's no BS, at least not for me. All my holdings in my 401K are in the negative, except fixed income and bonds, which seems to be stable. This has been going on since last year in September. Let's just say I won't be putting any more money in Emerging Markets anytime soon. Some say that it could be the next bubble. I read that in an article somewhere on the interweb. :p I mean, 40% - 60% gains each year for the past few years was very sweet. But then again, Is the US Just Talking Itself Into a Recession? :crazy: |
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| MikeLord |
| quote: | Originally posted by djGT
Come on Mike, when the government, newspapers, and economists suggest we are headed towards a recession, you know we're in big do-do. No conspiracies here. Let's all be happy we have a job. :wtf:
As for the "market scare", it's no BS, at least not for me. All my holdings in my 401K are in the negative, except fixed income and bonds, which seems to be stable. This has been going on since last year in September. Let's just say I won't be putting any more money in Emerging Markets anytime soon. Some say that it could be the next bubble. I read that in an article somewhere on the interweb. :p I mean, 40% - 60% gains each year for the past few years was very sweet. But then again, Is the US Just Talking Itself Into a Recession? :crazy: |
exactly my point. now the reasons why i'm even on here in this thread.
1. i'm bored at work as joshua allen says
2. i laugh at people that just post articles and hold it as gold (whether its true or not)
3. i work on the stock market managing data for crap like this and one of the things that keeps coming up is these jack off "analyst" scaring people into a recession. if you anyone did their homework and look at the past recessions and did a comparison, it is clearly evident that many things need to happen before we are even considered in one. the fact that our economy has had slower growth vs taking a plunge are 2 different things. many things to consider other then reading some articles from bloomberg. I could show statistics that can prove we are far away from a recession but unfortunately this is not available to the public.. oh well. so i guess people who only read media and not real statistical data will never know the truth...
media... schmedia... |
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| ninetyninej |
| quote: | Originally posted by MikeLord
I'll also be sure to only use what i read from "public" websites that is government controlled as my only sources. not saying that its not possible we might be in one but we are a good ways away from even coming close to one (recession). You must be one of those conspiracy theory guys...
maybe if you took the time to analyze the data for yourself and not just read articles that make you think you are smart you might find some interesting information. but then again... you are probably one of those typical stupid media junkie that believes everything written.
why don't you show us how smart you are and show us your own data and research. you will probably have a different opinion then this stupid stock market scare BS that is going on right now. |
mikey, im trying to see things from your point of view, but i can't seem to get my head that far up my ass :/
and lol at the only supporting data is from a couple 'public' websites as you stated.
forget all the jobs lost in 2007 from countless sectors that will worsen this year, forget unemployment rates, forget the housing and stock market steep correction, forget inflation, forget the weakening dollar to other currencies, forget the fact that we need foreign investors to fund our debt, forget the underlying fundamental problems with the economy, etc etc etc....according to you thats all 'government controlled info' and only 'conspiracy theorist' believe in that garbage :rolleyes:
but hey, like i said before, you blew out all indicators that we are in or are facing recession with your payroll factoid that you took from a headline you read.
everyone forget what you've heard or whats happening to the economy, this douche bag knows better and says we're in good shape!
and mikey, don't beat yourself up too much, i found someone that agrees with you about the strong foundation of the US economy:
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| MikeLord |
| keep up the good job of being a product of the media... they need retards like you that can't think or research information for themselves. if everyone thought for themselves they might put be out of business. |
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| Spi84raL |
| quote: |
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Who's that man you're with, Mikelord? |
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| |Thrax| |
grasping for straws kids...
My 401k is ok, it's seen better then -%8 but chew on this: you're not retiring tomorrow. |
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| ninetyninej |
| quote: | Originally posted by MikeLord
keep up the good job of being a product of the media... they need retards like you that can't think or research information for themselves. if everyone thought for themselves they might put be out of business. |
again, ignoring all those factors i listed and saying a whole lot of nothing. good job buddy!
you sure talk a lot but don't seem to say anything, again, you should really look into that Bush administration internship because they could use another guy that can dodge facts and express words with no substance.
and if you do have statistics proving a recession is far far away, why don't you put down the Budweiser can and share them. :rolleyes:
| quote: | Originally posted by |Thrax|
grasping for straws kids...
My 401k is ok, it's seen better then -%8 but chew on this: you're not retiring tomorrow. |
good point, i mean a recession is not the end of the US as we know it. we will rebound at some point.
in fact it may play out far less severe than speculated and much shorter as well.
we'll all have to just wait and see. but i would save your money as best as possible until that day comes. |
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| groovedaddy21 |
| Maybe we should be more optimistic cuz rebate checks are coming! :gsmile: |
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| ninetyninej |
Home-repo bus tour
2008-01-28 — signonsandiego.com
'All aboard the REPO Express, a new kind of bus tour that takes riders on a guided search for bargains within San Diego County's surging home foreclosure market.' - It has come to this.
http://www.signonsandiego.com/news/...9-1m27tour.html |
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