Yesterday watched a video through WSJ.com in which the speaker said we could be 2-3 months into a new recession. Growth has been so anemic, I wouldn't be surprised, and the market certainly seems to be acting like we're back in recession. WTF is going on with the stocks, anyway.
this quarter has the potential to show 1% growth, but we're not in a recession. Q3 may be about the same. Q4 may show a bump depending on how the election goes - if the left wins the WH and keeps the Senate, businesses will invest under the current tax regime before they get beat to death in 2013.
Actually, we are pretty close to being right. The economy sucks right now. More people go on disability every month than the number of jobs being created. If this were a GOP president, the press would be doom/gloom 24/7. Meanwhile, the stock market is propped up by the fed's purchase of $85 billion per month of government bonds, i.e., printing money. This story likely won't have a happy ending. Hopefully, I won't be back in the future to say I told you so.
If this were a GOP president, the unemployment rate would be in the double digits and the stock market in the triple digits.
No, they don't. They'd rather lose money being partisan than make money being nonpartisan. Fine with me, more suckers who can be on the other side of my trades. There's a lot of profit to be made by buying low from guys who sell stocks because a Democrat is President.
And what is the unemployment rate now? And what is the rate of participation in the labor market? Nevermind, facts are lost on you.
So, you are saying that a GOP president wouldn't be ignoring the disappearance of folks from the workforce in calculating "unemployment rates"? Wouldn't be tempted by the many opportunities to manipulate the computer games which now pass for "transactions" in the stock markets? ........or are you just saying that if it was a GOP president doing what the current one does, the media would actually be calling him on the lies?
President Obama has received far too much credit for things that have gone right, and far too much blame for things which have gone wrong. Once the fed stops buying the bonds they are printing themselves, then we can see where the economy is. Good luck to all