No, I am not confused. I am making absolutely sure that everybody knows you are talking out of your ass all of the time.
I can make any number of claims too. I can claim that Ron Paul is actually a NeoCon operative designed to draw off freaks from voting Republican and tarnishing the party.
I could say that Ron Paul is controlled by my Russian Blue cat.
I could say that Ron Paul's 5TR figure is wrong, and as the poster above said, my cat says its 80TR.
All of that is worth far less than the precious bandwidth you waste in convincing others you actually know what you're talking about.
- Jun 11, 2004
- 4,359
- 1
- 76
*sigh...you remind me of the way George Bush says something and then believes that that truth will somehow be conjured into existence.
Alright the federal reserve is a pubic, not private entity, accountable to the people with books open that we all might know how responsible and trustworthy they are. Satisfied? Everything I said about the federal reserve keeping its numbers secret was an overt lie. Anyone and everyone may go to the federal reserve website, day or night, and through public record discover for themselves exactly how much money is being printed and if you cannot find the data it's because the fed is being responsible and not printing any money. Happy?
GodlessAstronomer
Lifer
- Oct 27, 2007
- 17,009
- 5
- 0
Originally posted by: Perry404
*sigh...you remind me of the way George Bush says something and then believes that that truth will somehow be conjured into existence.
Alright the federal reserve is a pubic, not private entity, accountable to the people with books open that we all might know how responsible and trustworthy they are. Satisfied? Everything I said about the federal reserve keeping its numbers secret was an overt lie. Anyone and everyone may go to the federal reserve website, day or night, and through public record discover for themselves exactly how much money is being printed and if you cannot find the data it's because the fed is being responsible and not printing any money. Happy?
You gotta be an idiot to think printing money has to do with anything. Who gives a damn how many $1, $10, $100 bills are being printed, recalled, destroyed? It got nothing to do with the economy. The measurement of how much money is in the economy is the money supply, and if you study a little economy, you'd know that. And all the money supply data, M0, M1,M2, M3 are public available info, most of it published by the Fed. Even tho Fed decided not to publish M3 data back in 2006, those info are available from private sector.
Seriously, before you go blah blah blah on the Internet, it's probably best if you study the very stuff you are talking about before you make an idiot out of yourself.
- Jun 11, 2004
- 4,359
- 1
- 76
Originally posted by: rchiu
Originally posted by: Perry404
*sigh...you remind me of the way George Bush says something and then believes that that truth will somehow be conjured into existence.
Alright the federal reserve is a pubic, not private entity, accountable to the people with books open that we all might know how responsible and trustworthy they are. Satisfied? Everything I said about the federal reserve keeping its numbers secret was an overt lie. Anyone and everyone may go to the federal reserve website, day or night, and through public record discover for themselves exactly how much money is being printed and if you cannot find the data it's because the fed is being responsible and not printing any money. Happy?
You gotta be an idiot to think printing money has to do with anything. Who gives a damn how many $1, $10, $100 bills are being printed, recalled, destroyed? It got nothing to do with the economy. The measurement of how much money is in the economy is the money supply, and if you study a little economy, you'd know that. And all the money supply data, M0, M1,M2, M3 are public available info, most of it published by the Fed. Even tho Fed decided not to publish M3 data back in 2006, those info are available from private sector.
Seriously, before you go blah blah blah on the Internet, it's probably best if you study the very stuff you are talking about before you make an idiot out of yourself.
Money...and inflation...have nothing to do with the economy.
Right, I'm the idiot. Got it.:thumbsup:
Strange thing though if you would extend the graph of the last hundred years of the Dow Jones, it would have reached 30,000 by now.
But instead has been at a plateau for the last nine years, kind of stuttering like a model rocket at zenith when it runs out of fuel.
But instead has been at a plateau for the last nine years, kind of stuttering like a model rocket at zenith when it runs out of fuel.
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
Because linear extrapolation for a mature economy is the best approximation of what performance should be...
Originally posted by: Perry404
Originally posted by: rchiu
Originally posted by: Perry404
*sigh...you remind me of the way George Bush says something and then believes that that truth will somehow be conjured into existence.
Alright the federal reserve is a pubic, not private entity, accountable to the people with books open that we all might know how responsible and trustworthy they are. Satisfied? Everything I said about the federal reserve keeping its numbers secret was an overt lie. Anyone and everyone may go to the federal reserve website, day or night, and through public record discover for themselves exactly how much money is being printed and if you cannot find the data it's because the fed is being responsible and not printing any money. Happy?
You gotta be an idiot to think printing money has to do with anything. Who gives a damn how many $1, $10, $100 bills are being printed, recalled, destroyed? It got nothing to do with the economy. The measurement of how much money is in the economy is the money supply, and if you study a little economy, you'd know that. And all the money supply data, M0, M1,M2, M3 are public available info, most of it published by the Fed. Even tho Fed decided not to publish M3 data back in 2006, those info are available from private sector.
Seriously, before you go blah blah blah on the Internet, it's probably best if you study the very stuff you are talking about before you make an idiot out of yourself.
Money...and inflation...have nothing to do with the economy.
Right, I'm the idiot. Got it.:thumbsup:
Heh, look at your own post, you are the one equating "money being printed" to money. I haven't used paper money for weeks because I have been using my credit cards, so I am not contributing to the economy? Again, who cares how much money is being printed, it got nothing to do with the economy. The real measure of money available in the economy is the money supply and it is available on the Fed website, go look it up if you want.
And if you don't even have such basic understanding of money, I really doubt you have any concept of what inflation is and what's the cause of it.
IBD reader?
The makeup of the dow changes every few years and does, in a gross way, reflect things.
That's because they've been fired recently and have time on their hands...
No but seriously. This economy is fvcked. We are only about halfway through this credit correction. IMO, this is a natural needed correction of the excesses which occurred in the aftermath of the internet bubble. Had the Fed started raising rates substantially sooner than late 2004 and at a faster pace, we would not have had nearly the size housing & credit bubble that is threatening our economy right now. The budget and balance of trade deficits due to the war are also weakening the dollar throwing inflation gasoline on the fire.
Time to pay the piper. Btw, I'm normally a glass half-full guy, but things are so out of whack right now -- Wall St is on its knees...the worst I've seen in my 16 year career so far. Far worse than the bond market wipeout of 1994 even.
I am no financial guru, but imo there is alot more serious problems out there then the housing bubble and subsequent credit problems. Those sort of things are what I consider "fake" problems in that there doesn't really have to be any underlying problem so much as a natural ebbing and flowing of markets (whereby people get to greedy and start going over the top and then get hit by corrections, and then a couple years later it all happens again and apparently nobody ever gets so much the wiser). However, more concerning to me, is the issues with energy prices which are moving up at a rather dizzying pace. And its not just oil (which gets all the attention), but natural gas is gone up something like 700% in 8 years, and coal is going up quite a bit too (even uranium saw a HUGE spike which has since corrected itself, but still is more than twice what it was a few years ago). And these sorts of issues are what I would consider "real" problems in that they aren't just gonna go away, cheap energy is GONE, if not for good, then at least another 10-20 years because thats how long it takes to build the sort of infrastructure to have a meaningful effect on energy production. And energy is the oil that keeps our economic engine running, without it everything grinds to a halt as production costs increase, shipping costs increase, etc. Basically a considerable period of time where your "REAL" buying power will go down, or at best stay level.
LOL @ the OP. Where have you guys been the last five years? The stock market has stayed flat in nominal terms while the dollar in which they're priced has lost massive amounts of relative value to the tangible goods you buy with them. Commodities like gold and oil and foreign markets have outperformed it handily whereas U.S. gains have barely covered inflation.
This is the most common confusion for new investors, nominal vs relative value. Let's say you have $100 and it ends at $105, a 5% increase. Let's say real inflation (not the goofball calculations the government does) is close to 8%. You gained $5, but the value of each went down 8% in overall average to the goods you buy with them. Your nominal gain means nothing as you actually LOST 3% overall.
Let's try another one. Suppose wads of $10000 bills magically appeared in every consumer's pocket. The whole country will not become rich and retire overnight. Instead, prices will simply rise by however many more unbacked dollars there now are, though the people get it first might benefit as the sellers can only become aware to raise prices after massive new demand created by this counterfeit money is noticed. And who gets to use the inflation money first before it trickles down to you in our current system? The government and anyone who colludes with them, the bigger the more likely as they will have more funds to lobby politicians for influence. Wealth in terms of purchasing power is then transferred to these government parties from the people who get the new money last since prices will only have gone up to reflect that inflation on the latter parties. It is effectively a double subsidy for big business at the expense of individuals and small business, first through tax means and nominal redistribution, then inflationary means and purchasing power redistribution.
So this fixation on the NOMINAL value of the stock market needs to end. Stop pricing it in volatile fiat notes and start pricing it in a monetary asset like gold and you'll see how well it's actually performing.
This is the most common confusion for new investors, nominal vs relative value. Let's say you have $100 and it ends at $105, a 5% increase. Let's say real inflation (not the goofball calculations the government does) is close to 8%. You gained $5, but the value of each went down 8% in overall average to the goods you buy with them. Your nominal gain means nothing as you actually LOST 3% overall.
Let's try another one. Suppose wads of $10000 bills magically appeared in every consumer's pocket. The whole country will not become rich and retire overnight. Instead, prices will simply rise by however many more unbacked dollars there now are, though the people get it first might benefit as the sellers can only become aware to raise prices after massive new demand created by this counterfeit money is noticed. And who gets to use the inflation money first before it trickles down to you in our current system? The government and anyone who colludes with them, the bigger the more likely as they will have more funds to lobby politicians for influence. Wealth in terms of purchasing power is then transferred to these government parties from the people who get the new money last since prices will only have gone up to reflect that inflation on the latter parties. It is effectively a double subsidy for big business at the expense of individuals and small business, first through tax means and nominal redistribution, then inflationary means and purchasing power redistribution.
So this fixation on the NOMINAL value of the stock market needs to end. Stop pricing it in volatile fiat notes and start pricing it in a monetary asset like gold and you'll see how well it's actually performing.
Originally posted by: RichUK
£>$
Meh, UK's got it's own credit problems. Egg bank almost collapsed due to credit cards, Capital One UK's credit cards almost collapsed. Subprime housing is collapsing.
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