Market Down, Again

[ussfletcher]

cuz ur the best. dont let them fuck with you. Math is impossible to learn in the 3rd world countries.

Umad?

 

[Infohawk]

You really can't see the forest for the trees. These companies don't decide to just create a job, they decide to create a job to bring in SPECIFIC SKILLS that they need. If they can't find those skills, then that job is not created. The job is created only when demand for skills meets supply of that skill, in the form of an educated, skilled employee who can earn his own keep and then some. Even if we don't do anything about demand now, we should do something about supply of educated workers, so down the road we don't have a situation where companies want to hire, but can't find the skills they need.

Not really. You're forgetting that companies can train people. That's how it works in a good job market. In a good market, companies don't insist on 10 years of experience and an advanced degree in the exact specialty they're doing. They want somebody with an adequate education and they are willing to train them. And as I've already said, in a good market companies are actually wiling to pay people to go to school

The real problem with your position is that you don't recognize that there are plenty of highly-educated people out there already. At some point you see diminishing returns on higher education. Anyway, I think higher education should be funded at the level it was five years ago and I'm not against the aid that is out there now. I'm just pointing out that you thinking that education alone will create jobs is silly.

Just look at some of what other people are posting. Supply is not the problem, demand is.

 

[umbrella39]

Blaming the state politicians over this stuff is simply being ignorant.

I'm not blaming the Rick for Michigan not being able to retain talent. That has been a problem since around 2000. I feel totally comfortable blaming him for adding to an already huge problem as soon as he got into office by not offering any semblance of a solution other than the old trickle down rinse, wash, and repeat bullshit that isn't going to translate to jobs for you guys. There is NO reason why there should not be jobs waiting for ALL you IN Michigan when you graduate. Tax cuts for big business certainly won't make that happen. Breaking up unions and even Detroit disappearing from the map won't accomplish it either btw

 

[cubby1223]

There is no shortage of money.

Great! The debt is paid off!

Oh wait, no it hasn't... inflation is not a deus ex machina.


You can pump money into the economy, but it hasn't been changing the fact that people are not spending. And two of the many reasons why people are fearful of spending are fears of inflation and fears of overbearing government debt. In other words, "lack of money" is not the reason for the economic problems the world is in.

 

[MooseNSquirrel]

The republicans had control of both houses during much of Clinton's presidency. Hence, the republicans should get credit for some of the economic success during that time. Bush did not fail because of the democrats, Bush failed because he is fail. Obummer is failing and will fail regardless of who's in congress because he is major league fail.

Sorry Poker, you failed at the mantra.

 

[theeedude]

Not really. You're forgetting that companies can train people. That's how it works in a good job market. In a good market, companies don't insist on 10 years of experience and an advanced degree in the exact specialty they're doing. They want somebody with an adequate education and they are willing to train them. And as I've already said, in a good market companies are actually wiling to pay people to go to school

The real problem with your position is that you don't recognize that there are plenty of highly-educated people out there already. At some point you see diminishing returns on higher education. Anyway, I think higher education should be funded at the level it was five years ago and I'm not against the aid that is out there now. I'm just pointing out that you thinking that education alone will create jobs is silly.

Just look at some of what other people are posting. Supply is not the problem, demand is.

I am talking about now, you are talking about a good jobs market, which we don't have, and even then it's a dubious position. We are nowhere near the point of diminishing return on higher education. We have shortages of highly skilled labor in many fields. Nursing, engineering, etc. Education should be funded at a level that is necessary to maximize future GDP, not some arbitrary mark.

 

[theeedude]

Great! The debt is paid off!

Oh wait, no it hasn't... inflation is not a deus ex machina.


You can pump money into the economy, but it hasn't been changing the fact that people are not spending. And two of the many reasons why people are fearful of spending are fears of inflation and fears of overbearing government debt. In other words, "lack of money" is not the reason for the economic problems the world is in.

That's why the government should be spending directly, not waiting people to start spending. People who are afraid of inflation spend their money as fast as they can, so nope, that's not the reason.

 

[werepossum]

That's why the government should be spending directly, not waiting people to start spending. People who are afraid of inflation spend their money as fast as they can, so nope, that's not the reason.

People who are afraid of inflation don't spend their money as fast as possible unless they are perfect idiots, and perfection is rare. People who are afraid of inflation and AREN'T perfect idiots look for investments that will match or beat inflation.

Cubby is right. People are sitting on money because they are afraid of what Obama will do, what the factors outside his control will do, and what our crushing debt will do. If you are in Greece, it's much better to be the guy with some real assets or inflation-resistant investments, no debt, and some liquid assets, even if those liquid assets are nibbled away by inflation, than to be broke with the satisfaction of having spent all your money before inflation dropped its value. We are fast becoming Greece writ large.

 

[theeedude]

People who are afraid of inflation don't spend their money as fast as possible unless they are perfect idiots, and perfection is rare. People who are afraid of inflation and AREN'T perfect idiots look for investments that will match or beat inflation.

Cubby is right. People are sitting on money because they are afraid of what Obama will do, what the factors outside his control will do, and what our crushing debt will do. If you are in Greece, it's much better to be the guy with some real assets or inflation-resistant investments, no debt, and some liquid assets, even if those liquid assets are nibbled away by inflation, than to be broke with the satisfaction of having spent all your money before inflation dropped its value. We are fast becoming Greece writ large.

You simply have no clue. People afraid of inflation spend (or invest) their money as fast as they can get their hands on it. Instead, people and companies are sitting on record amounts of cash. So either way you slice it, it's not inflation they are afraid of. They are afraid of the Republican deficit cutters cutting us into a double dip recession or worse.

 

[werepossum]

You simply have no clue. People afraid of inflation spend (or invest) their money as fast as they can get their hands on it. Instead, people and companies are sitting on record amounts of cash. So either way you slice it, it's not inflation they are afraid of. They are afraid of the Republican deficit cutters cutting us into a double dip recession or worse.

Must be nice to never have to actually think. No matter what the issue, you automatically know Republicans are the problem and the Democrats are the answer.

There's a reason that people refer to the retarded as "simple".

 

[theeedude]

Must be nice to never have to actually think. No matter what the issue, you automatically know Republicans are the problem and the Democrats are the answer.

There's a reason that people refer to the retarded as "simple".

You are automatically blaming Obama. But looks like your inflation fear argument ran out of runway and ended up in the personal attack ditch.

 

[spidey07]

You simply have no clue. People afraid of inflation spend (or invest) their money as fast as they can get their hands on it. Instead, people and companies are sitting on record amounts of cash. So either way you slice it, it's not inflation they are afraid of. They are afraid of the Republican deficit cutters cutting us into a double dip recession or worse.

No. They're trying to weather the storm of the obama economy. When you have a president constantly bashing capitalism and everything that makes America great, damn straight they're going to hold onto their wallets.

Think about it for a moment. Everybody I know is hoarding cash due to what obama says and is doing. Now even if only HALF of conservatives believe as I do (and it's much higher than that) that this president is willfully and purposefully killing our economy what do you think that would do to personal and business spending?

Fuck Obama.

 

[HendrixFan]

No. They're trying to weather the storm of the obama economy. When you have a president constantly bashing capitalism and everything that makes America great, damn straight they're going to hold onto their wallets.

Think about it for a moment. Everybody I know is hoarding cash due to what obama says and is doing. Now even if only HALF of conservatives believe as I do (and it's much higher than that) that this president is willfully and purposefully killing our economy what do you think that would do to personal and business spending?

Fuck Obama.

Obama has done nothing but anger the left with his corporatist allies he has been catering to. Business is putting money into his campaign in record numbers. I think your silly anecdote about what are likely equally fanatically charged friends, has little bearing to reality.

 

[umbrella39]

Everybody I know is hoarding cash due to what obama says and is doing.

Fuck Obama.

What YOU need to realize is no one give as shit about YOU ('everyone you know' LMFAO!!!!) and your insanity and your blaming of everything on Obama (Black Bush) when he should be your HERO. You are just too deranged to notice and too hilarious to blame TRICKLE DOWN not working on Obama!!! Man you're nutz.

Fuck SP07

 

[her209]

People who are afraid of inflation don't spend their money as fast as possible unless they are perfect idiots, and perfection is rare. People who are afraid of inflation and AREN'T perfect idiots look for investments that will match or beat inflation.

They aren't spending their money because of fear of inflation otherwise no one would spend even in "good" times. And its logical to put your unspent money, i.e., savings, into investments that will match or beat inflation in good times and bad times.

But if they are going to spend, they either buy it now when its price is lower than later when its price is higher due to inflation. People will hold onto cash and not invest and wait if they think its price is going to go down in the future due to deflation. Because people aren't buying, this leads to more deflation.

 

[spidey07]

What YOU need to realize is no one give as shit about YOU ('everyone you know' LMFAO!!!!) and your insanity and your blaming of everything on Obama (Black Bush) when he should be your HERO. You are just too deranged to notice and too hilarious to blame TRICKLE DOWN not working on Obama!!! Man you're nutz.

Fuck SP07

I'm talking friends, co-workers. Everybody is holding onto their money due to obama's policies and his offensive anti-capitalism speeches. Just yesterday after the market drop co-workers heads were popping up and you could hear the mumbling under their breath "fucking obama".

The only spending they're doing, me included, is snatching up real-estate/property for a pretty penny.

But go right ahead and not believe me while all the evidence proves otherwise as all economic indicators show less consumer spending.

 

[HendrixFan]

I'm talking friends, co-workers. Everybody is holding onto their money due to obama's policies and his offensive anti-capitalism speeches. Just yesterday after the market drop co-workers heads were popping up and you could hear the mumbling under their breath "fucking obama".

The only spending they're doing, me included, is snatching up real-estate/property for a pretty penny.

But go right ahead and not believe me while all the evidence proves otherwise as all economic indicators show less consumer spending.

That is because you only cohort with partisan hacks. Obama just signed off on the debt deal that was 95% of what the Republicans wanted, yet somehow Obama is to blame. He has folded faster than superman on laundry day on just about any issue going against the Republicans yet you somehow cling to the thought that once Republicans take the WH things will be different.

Obama's problem is that he is acting like a foolish Republican. Business loves Obama, as is evidenced by their overwhelming campaign donations to him. Look at their profits, why wouldn't they be excited to keep him around?

 

[her209]

The only spending they're doing, me included, is snatching up real-estate/property for a pretty penny.

Liar
http://forums.anandtech.com/showthread.php?t=2169217

 

[umbrella39]

I'm talking friends, co-workers. Everybody is holding onto their money due to obama's policies and his offensive anti-capitalism speeches. Just yesterday after the market drop co-workers heads were popping up and you could hear the mumbling under their breath "fucking obama".

The only spending they're doing, me included, is snatching up real-estate/property for a pretty penny.

But go right ahead and not believe me while all the evidence proves otherwise as all economic indicators show less consumer spending.

Anyone who mumbles (under their breath no less) blaming Obama for the stock market doing bad is just as big a fucking idiot as someone who blames him for it doing so well the past few years.

You continue to be FOS and are fooling nobody but yourself apparently. Good luck with the eventual outcome of that.

 

[cubby1223]

Obama just signed off on the debt deal that was 95% of what the Republicans wanted, yet somehow Obama is to blame.

See, now you're just making up numbers to pretend to be smart.

Republicans wanted spending cuts. There are no spending cuts of any significance, nor any limits on government spending.

There is a 12-man committee being formed, 6 Dems & 6 Repubs, to reduce the deficit. None of the Republicans will vote to increase taxes, none of the Democrats will vote to cut spending or benefits. Nothing will be accomplished. Is that what Republicans wanted?

 

[Martin]

See, now you're just making up numbers to pretend to be smart.

Republicans wanted spending cuts. There are no spending cuts of any significance, nor any limits on government spending.

There is a 12-man committee being formed, 6 Dems & 6 Repubs, to reduce the deficit. None of the Republicans will vote to increase taxes, none of the Democrats will vote to cut spending or benefits. Nothing will be accomplished. Is that what Republicans wanted?

Yeah, he was making stuff up - it's actually "98%".

House Speaker John Boehner told his Republican caucus on a Sunday night conference call that the deal isn't done yet. But Boehner said it does not violate GOP principles.

"We got 98 percent of what we wanted," he said adding that the framework cuts more spending than it raises the debt limit. It also caps future spending to limits in the growth of government.

http://www.foxnews.com/politics/201...proved-by-senate-house-leaders/#ixzz1UB8hSH8c

 

[cubby1223]

You simply have no clue. People afraid of inflation spend (or invest) their money as fast as they can get their hands on it. Instead, people and companies are sitting on record amounts of cash. So either way you slice it, it's not inflation they are afraid of. They are afraid of the Republican deficit cutters cutting us into a double dip recession or worse.

Wow.

People who fear the future don't spend their money on consumables.

People who fear the future and don't have much money, cut their budgets.

People who fear the future and have a lot of money, find ways to amass more wealth for themselves and little else.


You don't have a magic economy wand that fixes all our problems. So stop pretending you do.

 

[cubby1223]

Yeah, he was making stuff up - it's actually "98%".




http://www.foxnews.com/politics/201...proved-by-senate-house-leaders/#ixzz1UB8hSH8c

You know damn well what is said for the cameras is mainly for political posturing. Spin.

Get back to me when the spending cuts are approved by congress & signed by the President.

Get back to me when the government has a balanced budget for a year. Then I will proudly stand next to you declaring Republicans won on 98%.

 

[HendrixFan]

You know damn well what is said for the cameras is mainly for political posturing. Spin.

Get back to me when the spending cuts are approved by congress & signed by the President.

So you didn't see that it was already passed and signed by Obama? The debt deal included no new revenue increases at all and contained trillions in spending cuts despite a weak economy. How much of that was what the Democrats came to the table with?

 

[cubby1223]

So you didn't see that it was already passed and signed by Obama? The debt deal included no new revenue increases at all and contained trillions in spending cuts despite a weak economy. How much of that was what the Democrats came to the table with?

Little too much purple haze around you?

Seriously, how dumb does this forum get?

The debt deal forms a bipartisan committee to decide on spending cuts. Certain Republicans have already come out declaring that no Republican selected to the committee will vote for any tax increases. And certain Democrats have already come out declaring that no Democrat selected to the committee will vote for any benefits decreases. And you do know that the next congress in power could pass a budget that completely overwrites this "debt deal", right? Where are the spending cuts? Where are they?