The economy is STILL growing!!!!!!!!!! What happened to the recession???

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Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: Muse
Originally posted by: Genx87
If we see a recession it is pretty clear baring some disaster it should be mild. What this shows you is the power of the media to tell people their life sucks to the point they start to believe it.
What is pretty clear is that you were clueless when you wrote this. The economy had been tanking for a long time and the pace and extent of that has been accelerating exponentially since. Nobody's denying it anymore. If you don't think the world is in recession you're for sure part of the problem at this point.

I see you are as illiterate as neov.

 

0marTheZealot

Golden Member
Apr 5, 2004
1,692
0
0
Originally posted by: LegendKiller
Originally posted by: 0marTheZealot
Look, I'm a microbiologist, I don't know economics as well as some people do nor do I have the interest to read 15 white papers to understand it. However, when Schiff outlined the crisis on those talk shows in 2006 he was eerily close to what actually transpired. Whatever his beliefs are are irrevelant. He nailed it pretty close to what is really going on.

It's a lot better than the other economists saying the economy is strong, don't worry, keep borrowing and keep spending.

really? I'm not afraid of anything, especially when I'm right. My second point also has been left unrefuted, that the government chose to ignore the warning signs. FFS, it's a Fox News link that says it, and if they are reporting it, there's really no way around it.

Wow, by 2006? Anybody with half a brain, a non-biased viewpoint, and a soapbox saw the writing on the wall by 2006. I was posting about it by 2004.

However, he did get a LOT wrong, such as the collapse of the dollar and the skyrocketing of gold and oil.

Link or it didn't happen.
 

LegendKiller

Lifer
Mar 5, 2001
18,256
68
86
Originally posted by: 0marTheZealot
Originally posted by: LegendKiller
Originally posted by: 0marTheZealot
Look, I'm a microbiologist, I don't know economics as well as some people do nor do I have the interest to read 15 white papers to understand it. However, when Schiff outlined the crisis on those talk shows in 2006 he was eerily close to what actually transpired. Whatever his beliefs are are irrevelant. He nailed it pretty close to what is really going on.

It's a lot better than the other economists saying the economy is strong, don't worry, keep borrowing and keep spending.

really? I'm not afraid of anything, especially when I'm right. My second point also has been left unrefuted, that the government chose to ignore the warning signs. FFS, it's a Fox News link that says it, and if they are reporting it, there's really no way around it.

Wow, by 2006? Anybody with half a brain, a non-biased viewpoint, and a soapbox saw the writing on the wall by 2006. I was posting about it by 2004.

However, he did get a LOT wrong, such as the collapse of the dollar and the skyrocketing of gold and oil.

Link or it didn't happen.

http://www.gotapex.com/finance...tedly-in-november.html

http://www.gotapex.com/finance...ng-housing-bubble.html

http://www.gotapex.com/finance...-of-the-us-market.html

 

NeoV

Diamond Member
Apr 18, 2000
9,504
2
81
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

You think questioning your ability to read had something to do with you mispelling something?

It had to do with my explanation that unless something disasterous happened it would be mild. I asked you a question. Between Aug 28th and now has anything disasterous happened?

 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?
 

dmcowen674

No Lifer
Oct 13, 1999
54,889
47
91
www.alienbabeltech.com
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.
 

fskimospy

Elite Member
Mar 10, 2006
87,890
55,160
136
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

By the way, in retrospect do you think that maybe McCain did have to campaign in order to win?
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

Are you saying when Obama is sworn in all of us are going to go running for the borders?
You live upto your name.

 

First

Lifer
Jun 3, 2002
10,518
271
136
Originally posted by: 0marTheZealot

Look, I'm a microbiologist, I don't know economics as well as some people do nor do I have the interest to read 15 white papers to understand it. However, when Schiff outlined the crisis on those talk shows in 2006 he was eerily close to what actually transpired. Whatever his beliefs are are irrevelant. He nailed it pretty close to what is really going on.

It's a lot better than the other economists saying the economy is strong, don't worry, keep borrowing and keep spending.

Except Schiff, like Ron Paul, has been saying the same shit for years. You think Schiff started just in 2006? He has been saying it since the early 2000's. Law of averages says he was eventually going to be right. Recessions happen roughly ever 8-10 years after all.
 

alien42

Lifer
Nov 28, 2004
12,863
3,295
136
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

Are you saying when Obama is sworn in all of us are going to go running for the borders?
You live upto your name.

we can only hope.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: alien42
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

Are you saying when Obama is sworn in all of us are going to go running for the borders?
You live upto your name.

we can only hope.


Thats the spirit! Dont want any kind of alternative thinking going on. All must conform to one national party and message. Nothing creates intelligent and free thinking that that!
 

BoomerD

No Lifer
Feb 26, 2006
66,182
14,614
146
Originally posted by: Genx87
Originally posted by: alien42
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

Are you saying when Obama is sworn in all of us are going to go running for the borders?
You live upto your name.

we can only hope.


Thats the spirit! Dont want any kind of alternative thinking going on. All must conform to one national party and message. Nothing creates intelligent and free thinking that that!

That was pretty much the Republican mantra for years...if you don't like it you librul...GTFO! (remember "if you aren't with us, you're our enemy?")

I personally believe this country is gonna need all the brainpower it can get to get through this recession/depression.

People on both sides need to put partisanship aside and work together for the common good...

of course, anyone who thinks that might actually happen is delusional...

The ultra-conservatives will stick to their stand while the ultra-liberals will stick to their stand...and those of us in the middle will continue to get fucked over by both...
 

NeoV

Diamond Member
Apr 18, 2000
9,504
2
81
"Nothing creates intelligent and free thinking that that!"

And you were picking on my grammar?

What are you even talking about by the way? Many of us have been saying - for months - that the economy was in dire shape - but the likes of you and PJ were trying to say - no, it's all good - "recession my ass" and a whole bunch of other complete drivel.

Finally, when even the die-hard right admits the recession is taking place - you are going to blame it on the media?

Get a clue already - and here's a novel idea for you - admit you were wrong -don't sugarcoat it, or misdirect it - admit you were wrong.
 

alien42

Lifer
Nov 28, 2004
12,863
3,295
136
Originally posted by: Genx87
Originally posted by: alien42
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

Are you saying when Obama is sworn in all of us are going to go running for the borders?
You live upto your name.

we can only hope.


Thats the spirit! Dont want any kind of alternative thinking going on. All must conform to one national party and message. Nothing creates intelligent and free thinking that that!

did you just associate "alternative thinking" with Republicans/conservatives? :confused:

the irony in your post is amazing. you sarcastically say "All must conform to one national party and message" which is what Republicans have been doing for the past eight years of failure. "lefties" and those in the middle tend to be much more independent and often have disagreeances which is one of the reasons the Republicans were able to remain in power for that long.
 

ProfJohn

Lifer
Jul 28, 2006
18,161
7
0
Originally posted by: NeoV
"Nothing creates intelligent and free thinking that that!"

And you were picking on my grammar?

What are you even talking about by the way? Many of us have been saying - for months - that the economy was in dire shape - but the likes of you and PJ were trying to say - no, it's all good - "recession my ass" and a whole bunch of other complete drivel.

Finally, when even the die-hard right admits the recession is taking place - you are going to blame it on the media?

Get a clue already - and here's a novel idea for you - admit you were wrong -don't sugarcoat it, or misdirect it - admit you were wrong.
Actually my argument was against the idea that this was the worst recession since the great depression.I even admit in the OP that we were in a recession. However, the popular notion on P&N at the time was that the world was coming to an end economically. And the data, as presented in the OP, did not match that idea.

This was written in August BEFORE AIG needed to be bailed out and the $700 billion bailout for the banks etc etc. At that time all the evidence suggested that we were in a normal economic slowdown fitting with a typical recession. Not some once in a life time economic meltdown with millions of people out of work.

Even today with all the bad news of the past two months we are still a long ways from Great Depression part 2.

Finally, the question that NO ONE, not even the geniuses of P&N, can answer is where we are in the economic cycle. Are we at the bottom? Are we close to bottom? Or are we looking at another 6 months of job losses and stock market decline?

BTW read the last line of my commentary:
My guess is that we see a decent 3rd quarter and then another poor 4th quarter (4th quarters tend to suck) and then perhaps next year we get a real rebound.
 

alien42

Lifer
Nov 28, 2004
12,863
3,295
136
Originally posted by: ProfJohn
Originally posted by: NeoV
"Nothing creates intelligent and free thinking that that!"

And you were picking on my grammar?

What are you even talking about by the way? Many of us have been saying - for months - that the economy was in dire shape - but the likes of you and PJ were trying to say - no, it's all good - "recession my ass" and a whole bunch of other complete drivel.

Finally, when even the die-hard right admits the recession is taking place - you are going to blame it on the media?

Get a clue already - and here's a novel idea for you - admit you were wrong -don't sugarcoat it, or misdirect it - admit you were wrong.
Actually my argument was against the idea that this was the worst recession since the great depression.I even admit in the OP that we were in a recession. However, the popular notion on P&N at the time was that the world was coming to an end economically. And the data, as presented in the OP, did not match that idea.

This was written in August BEFORE AIG needed to be bailed out and the $700 billion bailout for the banks etc etc. At that time all the evidence suggested that we were in a normal economic slowdown fitting with a typical recession. Not some once in a life time economic meltdown with millions of people out of work.

Even today with all the bad news of the past two months we are still a long ways from Great Depression part 2.

Finally, the question that NO ONE, not even the geniuses of P&N, can answer is where we are in the economic cycle. Are we at the bottom? Are we close to bottom? Or are we looking at another 6 months of job losses and stock market decline?

BTW read the last line of my commentary:
My guess is that we see a decent 3rd quarter and then another poor 4th quarter (4th quarters tend to suck) and then perhaps next year we get a real rebound.

according to you Obama and the Dems will destroy a healthy economy yet somehow you think the shittiest economy since the Great Depression is going to get better under Obama due to an economic cycle?

your excuses are pathetic, man up.
 

Deadtrees

Platinum Member
Dec 31, 2002
2,351
0
0
Originally posted by: ProfJohn
Originally posted by: NeoV
"Nothing creates intelligent and free thinking that that!"

And you were picking on my grammar?

What are you even talking about by the way? Many of us have been saying - for months - that the economy was in dire shape - but the likes of you and PJ were trying to say - no, it's all good - "recession my ass" and a whole bunch of other complete drivel.

Finally, when even the die-hard right admits the recession is taking place - you are going to blame it on the media?

Get a clue already - and here's a novel idea for you - admit you were wrong -don't sugarcoat it, or misdirect it - admit you were wrong.
Actually my argument was against the idea that this was the worst recession since the great depression.I even admit in the OP that we were in a recession. However, the popular notion on P&N at the time was that the world was coming to an end economically. And the data, as presented in the OP, did not match that idea.

This was written in August BEFORE AIG needed to be bailed out and the $700 billion bailout for the banks etc etc. At that time all the evidence suggested that we were in a normal economic slowdown fitting with a typical recession. Not some once in a life time economic meltdown with millions of people out of work.

Even today with all the bad news of the past two months we are still a long ways from Great Depression part 2.

Finally, the question that NO ONE, not even the geniuses of P&N, can answer is where we are in the economic cycle. Are we at the bottom? Are we close to bottom? Or are we looking at another 6 months of job losses and stock market decline?

BTW read the last line of my commentary:
My guess is that we see a decent 3rd quarter and then another poor 4th quarter (4th quarters tend to suck) and then perhaps next year we get a real rebound.

Please pay a visit to your comment some months later.

 

Eeezee

Diamond Member
Jul 23, 2005
9,922
0
76
Originally posted by: Genx87
Thats the spirit! Dont want any kind of alternative thinking going on. All must conform to one national party and message. Nothing creates intelligent and free thinking that that!

Unintelligent replies like yours don't promote intelligence or free thinking.

Most of the P&N members accept all intelligent, reasoned viewpoints; there may be disagreements, but there is acceptance of differences at the end of the day.

People like yourself lack intelligence or reasoning. I love my Republican friends, it's fun debating with them over their ideas and principles, but you don't seem to offer anything intelligent. You offer political groupthink and a Rush Limbaugh style of political commentary (ie all Democrats are socialists that will destroy the economy) without any real facts or reasoning. When people like you do try to back up your "facts" it's always with some extreme right news source, and it's a story that has been debunked countless times. OR you're not even dealing in faux facts but in opinion and conjecture, in which case your opinion is so partisan as to lack reason or even morality. There is no moral low to which partisans like yourself will not sink.

Do you understand now why some people here might welcome your departure? You don't have your own opinion; if you did, you'd use something other than partisan double speak and Fox News talking points.
 

ProfJohn

Lifer
Jul 28, 2006
18,161
7
0
Originally posted by: alien42
according to you Obama and the Dems will destroy a healthy economy yet somehow you think the shittiest economy since the Great Depression is going to get better under Obama due to an economic cycle?

your excuses are pathetic, man up.
Where did I say that??

With Obama backing off his plans to raise taxes we may come out alright.
The only fear we have now is that we do something similar to the Japanese where they interfered with the markets so much in the 90s that what should have been a short recession was dragged out for years.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: NeoV
"Nothing creates intelligent and free thinking that that!"

And you were picking on my grammar?

What are you even talking about by the way? Many of us have been saying - for months - that the economy was in dire shape - but the likes of you and PJ were trying to say - no, it's all good - "recession my ass" and a whole bunch of other complete drivel.

Finally, when even the die-hard right admits the recession is taking place - you are going to blame it on the media?

Get a clue already - and here's a novel idea for you - admit you were wrong -don't sugarcoat it, or misdirect it - admit you were wrong.

You absolutely dont get it. Or are being intentionally obtuse.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: alien42
Originally posted by: Genx87
Originally posted by: alien42
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: Genx87
Originally posted by: dmcowen674
Originally posted by: NeoV
aww, isn't that cute - GenX is deflecting attention away from his complete and utter lack of understanding basic economic principles to something I apparently spelled wrong

the media made me do it

The anonymous cowards are really quivering these days.

I'm just hoping things get a lot more uncomfortable for them come Jan 20 that they pack and leave pronto.

Hey McMoran what exactly happens on Jan 20th that would have me pack and leave pronto?

Wow

You need to get out more

12-8-2008 With no room at inn, Philly opens doors for inauguration

With a hotel crunch expected in Washington for the inauguration of president-elect Barack Obama, Philadelphia is trying to cash on the rush of visitors for the January 20 historic event.

Are you saying when Obama is sworn in all of us are going to go running for the borders?
You live upto your name.

we can only hope.


Thats the spirit! Dont want any kind of alternative thinking going on. All must conform to one national party and message. Nothing creates intelligent and free thinking that that!

did you just associate "alternative thinking" with Republicans/conservatives? :confused:

the irony in your post is amazing. you sarcastically say "All must conform to one national party and message" which is what Republicans have been doing for the past eight years of failure. "lefties" and those in the middle tend to be much more independent and often have disagreeances which is one of the reasons the Republicans were able to remain in power for that long.

Republicans held total power for 4 years. And I dont know of many people except the extreme right and the extreme left who yells a one party rule.

And yes while republicans governed like democrats for 4 years and embarassed themselves. They still have different thinking than the democrat platform. To think otherwise is utterly foolish.
 

Genx87

Lifer
Apr 8, 2002
41,091
513
126
Originally posted by: Eeezee
Originally posted by: Genx87
Thats the spirit! Dont want any kind of alternative thinking going on. All must conform to one national party and message. Nothing creates intelligent and free thinking that that!

Unintelligent replies like yours don't promote intelligence or free thinking.

Most of the P&N members accept all intelligent, reasoned viewpoints; there may be disagreements, but there is acceptance of differences at the end of the day.

People like yourself lack intelligence or reasoning. I love my Republican friends, it's fun debating with them over their ideas and principles, but you don't seem to offer anything intelligent. You offer political groupthink and a Rush Limbaugh style of political commentary (ie all Democrats are socialists that will destroy the economy) without any real facts or reasoning. When people like you do try to back up your "facts" it's always with some extreme right news source, and it's a story that has been debunked countless times. OR you're not even dealing in faux facts but in opinion and conjecture, in which case your opinion is so partisan as to lack reason or even morality. There is no moral low to which partisans like yourself will not sink.

Do you understand now why some people here might welcome your departure? You don't have your own opinion; if you did, you'd use something other than partisan double speak and Fox News talking points.

Where have I said all democrats are socialists that will destroy the economy? Speaking of groupthink. Associating me with Rush Limbaugh and Faux News is a great example of another drone from the left spouting a pre-programmed groupthink response. I havent listened to Rush Limbaugh in 15 years and dont watch network news and have said so repeatedly on this msgboard.

Perhaps instead of wishing for departure of people you presume to know. You should read a bit more about what they are actually saying and tone down the kneejerk responses.