June Hiring Up, Unemployment Rate Drops

[Infohawk]

Isn't it funny how people see trends in the market? If they were really confident about them AND they were right, they could be billionaires.

 

[charrison]

Originally posted by: Infohawk
Isn't it funny how people see trends in the market? If they were really confident about them AND they were right, they could be billionaires.

It is just another chance to buy right now...

 

[conjur]

10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

 

[charrison]

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Still up qute nicely after dotcom bubble and there does not appear to be much sign of faultering in the ecnomy either..

 

[zendari]

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Significantly up from 9/12/01 though.

 

[conjur]

Originally posted by: zendari

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Significantly up from 9/12/01 though.

For good reason. The drop was out of fear, not any overriding economic factors.

 

[conjur]

Originally posted by: charrison

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Still up qute nicely after dotcom bubble and there does not appear to be much sign of faultering in the ecnomy either..

WTF? It's still DOWN from the day the Propagandist took office. The Dow was at 10,587 (or so) in Jan. 2001 when he took office.

 

[charrison]

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Still up qute nicely after dotcom bubble and there does not appear to be much sign of faultering in the ecnomy either..

WTF? It's still DOWN from the day the Propagandist took office. The Dow was at 10,587 (or so) in Jan. 2001 when he took office.

Your right...but guess what.

1. the dot com bubble still would have burst
2. It is highly likely 9/11 still would have heppened.
3. Oil demand would still be putting extreme pressure on the market.

All in all the financial landscape would not be radically different if bush had not been elected.

 

[conjur]

Originally posted by: charrison

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Still up qute nicely after dotcom bubble and there does not appear to be much sign of faultering in the ecnomy either..

WTF? It's still DOWN from the day the Propagandist took office. The Dow was at 10,587 (or so) in Jan. 2001 when he took office.

Your right...but guess what.

1. the dot com bubble still would have burst
2. It is highly likely 9/11 still would have heppened.
3. Oil demand would still be putting extreme pressure on the market.

All in all the financial landscape would not be radically different if bush had not been elected.

I'll give you the first 2 but the 3rd I must disagree.

The ongoing "war on terror" and the diversion into Iraq along with this admin's policies of pushing a weaker dollar has exacerbated the effect of the oil price rise.

 

[charrison]

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur
10-year chart for the Dow

Still trading a few % below when the Propagandist took office. IMHO, the markets are being propped up artificially. I haven't had this feeling since 1999, right before the dot-com bust.

Still up qute nicely after dotcom bubble and there does not appear to be much sign of faultering in the ecnomy either..

WTF? It's still DOWN from the day the Propagandist took office. The Dow was at 10,587 (or so) in Jan. 2001 when he took office.

Your right...but guess what.

1. the dot com bubble still would have burst
2. It is highly likely 9/11 still would have heppened.
3. Oil demand would still be putting extreme pressure on the market.

All in all the financial landscape would not be radically different if bush had not been elected.

I'll give you the first 2 but the 3rd I must disagree.

The ongoing "war on terror" and the diversion into Iraq along with this admin's policies of pushing a weaker dollar has exacerbated the effect of the oil price rise.

You right bush caused world oil demand to go up just by getting into office. He also caused the refinary shortage. He also caused the hurricane in the gulf which is currently causing traders tp drive futures highers. It is all his fault...stop being such a partisan..

 

[conjur]

Oil demand alone hasn't caused a doubling in the price of oil in the matter of a couple of years. Look at how the dollar has dropped against the Euro. Also, the uncertainty in the Middle East due to the continued f-up by the ideologues is making oil more expensive for us.

 

[charrison]

Originally posted by: conjur
Oil demand alone hasn't caused a doubling in the price of oil in the matter of a couple of years. Look at how the dollar has dropped against the Euro. Also, the uncertainty in the Middle East due to the continued f-up by the ideologues is making oil more expensive for us.

And looks how the dollar has gained back over the past year....

OF course the weak dollar has been more beneficial to the economy than a strong dollar...

 

[conjur]

More beneficial to corporate execs...not the working man.

The dollar is still pretty far down.

 

[charrison]

Originally posted by: conjur
More beneficial to corporate execs...not the working man.

The dollar is still pretty far down.

IT is about where it was when the euro hit the trading markets....

IT cant be too bad forthe working man, tax receipts are up, unemployment is low, homeowners is at record hghs...

but have been down this debate before, and you only want to see the gloom when the picture is mostly bright for all.

 

[conjur]

The unemployment number is becoming obsolete and you know that.
Real wages are down (wages aren't even keeping up with inflation for the majority of workers while CEOs are reaping millions and millions)
The euro lost its "edge" by the end of 1999 and by spring 2002 it was at about .87 vs. the dollar but is now back up to 1.19 vs. the dollar.
Spring 2002 oil was at about $25/bbl and is now over $61.

Those are facts that are indisputable.


Oh, as for homeownership, that's only because interest rates are incredibly low (while prices are skyrocketing.) Once those rates start climbing, ARM holders and interest-only mortgage holders are going to be in for a world of hurt.

 

[charrison]

Originally posted by: conjur
The unemployment number is becoming obsolete and you know that.
no more or less relevant that it has been in the past. You dont like the number so you want it be irrelivent

Real wages are down (wages aren't even keeping up with inflation for the majority of workers while CEOs are reaping millions and millions)
but yet somehow tax receipts are up, homeownership is at all time highs....
Medical. But reguarding wages, yes they are flat, but only because folks have opted to take health benefits instead of salary. Yes health costs have gone way up, but then that is not a problem created by Bush either.



The euro lost its "edge" by the end of 1999 and by spring 2002 it was at about .87 vs. the dollar but is now back up to 1.19 vs. the dollar.
Spring 2002 oil was at about $25/bbl and is now over $61.


More to do with demand than currency markets.


Those are facts that are indisputable.


Your right, things are not as bad as you wantt hemto be


Oh, as for homeownership, that's only because interest rates are incredibly low (while prices are skyrocketing.) Once those rates start climbing, ARM holders and interest-only mortgage holders are going to be in for a world of hurt.

While that is correct, it does not appear to behappening. Greespan has been jacking the rates, but mortgage are staying flat.

 

[conjur]

Originally posted by: charrison

Originally posted by: conjur
The unemployment number is becoming obsolete and you know that.
no more or less relevant that it has been in the past. You dont like the number so you want it be irrelivent

No, it's becoming obsolete. People are remaining unemployed for very long periods of time and they are dropping off the report. Also, those who are finding employment are finding increasingly that jobs are part-time, pay less, and/or offer little to no benefits.

Real wages are down (wages aren't even keeping up with inflation for the majority of workers while CEOs are reaping millions and millions)
but yet somehow tax receipts are up, homeownership is at all time highs....
Medical. But reguarding wages, yes they are flat, but only because folks have opted to take health benefits instead of salary. Yes health costs have gone way up, but then that is not a problem created by Bush either.

Tax receipts as a % of GDP are at 40-year lows! I don't call that tax receipts being up. The Medicare Prescription Drug bill has hurt seniors and others and has only succeeded in greatly increasing deficit spending.

The euro lost its "edge" by the end of 1999 and by spring 2002 it was at about .87 vs. the dollar but is now back up to 1.19 vs. the dollar.
Spring 2002 oil was at about $25/bbl and is now over $61.
More to do with demand than currency markets.

BS. Demand hasn't increased >150%.

Oh, as for homeownership, that's only because interest rates are incredibly low (while prices are skyrocketing.) Once those rates start climbing, ARM holders and interest-only mortgage holders are going to be in for a world of hurt.

While that is correct, it does not appear to behappening. Greespan has been jacking the rates, but mortgage are staying flat.

For now. As I've said before, there are artificial supports in place keeping rates like this. This cannot sustain.

 

[charrison]

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur
The unemployment number is becoming obsolete and you know that.
no more or less relevant that it has been in the past. You dont like the number so you want it be irrelivent

No, it's becoming obsolete. People are remaining unemployed for very long periods of time and they are dropping off the report. Also, those who are finding employment are finding increasingly that jobs are part-time, pay less, and/or offer little to no benefits.
You once again mistake how the unemployment is calculated. It is done by survey, not unemployment rolls. Time to drop that partisan game. Nor is ther eany evidence that new jobs are worse than old jobs. It time to drop this act.

Real wages are down (wages aren't even keeping up with inflation for the majority of workers while CEOs are reaping millions and millions)
but yet somehow tax receipts are up, homeownership is at all time highs....
Medical. But reguarding wages, yes they are flat, but only because folks have opted to take health benefits instead of salary. Yes health costs have gone way up, but then that is not a problem created by Bush either.

Tax receipts as a % of GDP are at 40-year lows! I don't call that tax receipts being up. The Medicare Prescription Drug bill has hurt seniors and others and has only succeeded in greatly increasing deficit spending.

Tax receipts as a percentage of GDP is good in my opinion. MOre people keeping their money. But yes total taxes receipts are up and that has little to do with AMT at this point.

The euro lost its "edge" by the end of 1999 and by spring 2002 it was at about .87 vs. the dollar but is now back up to 1.19 vs. the dollar.
Spring 2002 oil was at about $25/bbl and is now over $61.
More to do with demand than currency markets.

BS. Demand hasn't increased >150%.


Yes, but it does not have to drive prices up. I expect a correction in the oil sometime in the near future. Of course i could be wrong.

Oh, as for homeownership, that's only because interest rates are incredibly low (while prices are skyrocketing.) Once those rates start climbing, ARM holders and interest-only mortgage holders are going to be in for a world of hurt.

While that is correct, it does not appear to behappening. Greespan has been jacking the rates, but mortgage are staying flat.

For now. As I've said before, there are artificial supports in place keeping rates like this. This cannot sustain.

What artificial supports are keeping mortgage rates low?

 

[conjur]

I don't know what they are but something is keeping rates artificially low. Pressure from the WH (Snow?) I can't put my finger on it.

 

[charrison]

Originally posted by: conjur
I don't know what they are but something is keeping rates artificially low. Pressure from the WH (Snow?) I can't put my finger on it.

Treasuries are traded just like anything else, why does the whitehouse not prop up the dow?

 

[conjur]

Originally posted by: charrison

Originally posted by: conjur
I don't know what they are but something is keeping rates artificially low. Pressure from the WH (Snow?) I can't put my finger on it.

Treasuries are traded just like anything else, why does the whitehouse not prop up the dow?

Who says they're not? Look at the brokers getting into trouble for fraudulent practices.

This "recovery" is completely tilted to the corporate bottom line and the gov't is still going further and further into debt each month with no end in sight.

 

[charrison]

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur
I don't know what they are but something is keeping rates artificially low. Pressure from the WH (Snow?) I can't put my finger on it.

Treasuries are traded just like anything else, why does the whitehouse not prop up the dow?

Who says they're not? Look at the brokers getting into trouble for fraudulent practices.

This "recovery" is completely tilted to the corporate bottom line and the gov't is still going further and further into debt each month with no end in sight.

You grasping...back to everything is illusion unless the news is bad...

 

[conjur]

Originally posted by: charrison

Originally posted by: conjur

Originally posted by: charrison

Originally posted by: conjur
I don't know what they are but something is keeping rates artificially low. Pressure from the WH (Snow?) I can't put my finger on it.

Treasuries are traded just like anything else, why does the whitehouse not prop up the dow?

Who says they're not? Look at the brokers getting into trouble for fraudulent practices.

This "recovery" is completely tilted to the corporate bottom line and the gov't is still going further and further into debt each month with no end in sight.

You grasping...back to everything is illusion unless the news is bad...

Grasping? Christ, man! Look at the news! Look at the numbers! Only someone trained in the Goebbels School of Propaganda sees this as a robust economy.

 

[NeenerNeener]

Originally posted by: charrison

Originally posted by: conjur
More beneficial to corporate execs...not the working man.

The dollar is still pretty far down.

IT is about where it was when the euro hit the trading markets....

IT cant be too bad forthe working man, tax receipts are up, unemployment is low, homeowners is at record hghs...

but have been down this debate before, and you only want to see the gloom when the picture is mostly bright for all.

OK. There it is again. For how many years now has home ownership been at an all time high? It's like I'm listening to a skipping CD. How many houses are being built and how many houses are getting torn down? How long has the fed kept interest rates low? HOME OWNERSHIP HAS BEEN AT AN ALL TIME HIGH FOR OVER FORTY YEARS!!!

 

[NeenerNeener]

Here's an interesting site about inflation.
http://inflationdata.com/inflation/Articles/HighOrLow.asp

"The periods in our history with the lowest inflation have also been when our Gross Domestic Product has grown the fastest in terms of "Real Dollars".
(Real Dollars are measured after prices are adjusted for inflation or deflation). "

"Inflation is bad for the economy because economies built upon debt and encouraging consumers to go further into debt eventually crumble of their own weight. As more and more consumers get over burdened by debt, they declare bankruptcy, introducing uncertainty to the creditors and robbing them of their rightful income."

If you pardon the hyperbole, the federal government is farting into a balloon, filling it with low interest rate-loans, government debt, and inflation. When it pops, it's gonna sh!t all over the workers of America.