Here comes the other economic shoe dropping...

[Hermit]

I think I'll get Coito's panties in a bunch...

As long as he has not deposed Obama, he'll keep finding more shoes to drop. I think he has raided Imelda Marcos's wardrobe, and if nothing else, he is persistent.

[Coito ergo sum]

I think I'll get Coito's panties in a bunch...

Dow Logs 4th Weekly Gain, Positive for 2011

The Dow Jones Industrial Average jumped 267.01 points, or 2.31 percent, to finish at 11,808.79, finishing firmly in positive territory for the year.

The S&P 500 rallied 22.86 points, or 1.88 percent, to end at 1,238.25. The Nasdaq gained 38.84 points, or 1.49 percent, to close at 2,637.46. The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished below 32.
http://www.cnbc.com/id/44988273

Biggest 3-Week Stock Rally in Over 2 Years
http://www.cnbc.com/id/44993061

US Doing Better Than People Think: Goldman's O'Neill
The U.S. is "doing a lot better than the mood appears to be. There seems to be this mood around an inevitability about the next course or we’re back in recession or close to it. I don’t really buy that," O'Neill said, adding he sees "no momentum for a recession."

Most U.S. data have been strong, particularly in manufacturing and auto sales, he said, and current U.S. growth in the 2 percent area "strikes me as the cruising speed." In addition, "you have clear bias from the [Federal Reserve] under Ben Bernanke."

After talking with U.S.-based company clients and Goldman's own investment managers "a lot of them seem pretty, I wouldn't say optimistic, but certainly contented."

It would take "a few new negative shocks going on to drag the U.S. down."

He also discounted the effect of Greece, which he said is "only a $350 billion economy. China will import another Greece this year."
http://www.cnbc.com/id/44976558

Economy May Improve in Late 2011: JPMorgan Executive
"If there is a surprise to the upside it will be the U.S. economy in the latter part of this year," he said. Large corporations are doing extremely well, with a lot of cash on their balance sheets, he pointed out, adding that small-business loans at JPMorgan were up about 70 percent from a year ago.

"Small businesses are beginning to borrow significantly for the first time in years," he said. "Last year we didn't have the demand."

The consumer, meanwhile, "is getting his own financial condition in much, much better shape," Staley said, citing the bank's data that tracks debt compared to disposable income.

"So, while there's a sense of confidence coming back, I think the consumer is poised to start spending again," Staley said. "There’s a lot of propellant to get the economy going once that confidence number comes back."
http://www.cnbc.com/id/44980823

Whew! And, here I thought the economy was having troubles....

[Atheist-Lite]

http://www.time.com/time/magazine/artic ... 45,00.html

Rest easy coito, this is gonna end in epic tragedy.

[Hermit]

I think I'll get Coito's panties in a bunch...

Dow Logs 4th Weekly Gain, Positive for 2011

The Dow Jones Industrial Average jumped 267.01 points, or 2.31 percent, to finish at 11,808.79, finishing firmly in positive territory for the year.

The S&P 500 rallied 22.86 points, or 1.88 percent, to end at 1,238.25. The Nasdaq gained 38.84 points, or 1.49 percent, to close at 2,637.46. The CBOE Volatility Index, widely considered the best gauge of fear in the market, finished below 32.
http://www.cnbc.com/id/44988273

Biggest 3-Week Stock Rally in Over 2 Years
http://www.cnbc.com/id/44993061

US Doing Better Than People Think: Goldman's O'Neill
The U.S. is "doing a lot better than the mood appears to be. There seems to be this mood around an inevitability about the next course or we’re back in recession or close to it. I don’t really buy that," O'Neill said, adding he sees "no momentum for a recession."

Most U.S. data have been strong, particularly in manufacturing and auto sales, he said, and current U.S. growth in the 2 percent area "strikes me as the cruising speed." In addition, "you have clear bias from the [Federal Reserve] under Ben Bernanke."

After talking with U.S.-based company clients and Goldman's own investment managers "a lot of them seem pretty, I wouldn't say optimistic, but certainly contented."

It would take "a few new negative shocks going on to drag the U.S. down."

He also discounted the effect of Greece, which he said is "only a $350 billion economy. China will import another Greece this year."
http://www.cnbc.com/id/44976558

Economy May Improve in Late 2011: JPMorgan Executive
"If there is a surprise to the upside it will be the U.S. economy in the latter part of this year," he said. Large corporations are doing extremely well, with a lot of cash on their balance sheets, he pointed out, adding that small-business loans at JPMorgan were up about 70 percent from a year ago.

"Small businesses are beginning to borrow significantly for the first time in years," he said. "Last year we didn't have the demand."

The consumer, meanwhile, "is getting his own financial condition in much, much better shape," Staley said, citing the bank's data that tracks debt compared to disposable income.

"So, while there's a sense of confidence coming back, I think the consumer is poised to start spending again," Staley said. "There’s a lot of propellant to get the economy going once that confidence number comes back."
http://www.cnbc.com/id/44980823

Whew! And, here I thought the economy was having troubles....

Where exactly does anyone claim that the economy was not having troubles? Seems like Ian was trying to balance the lopsided, Crumple-like view you portray while Obama is president.

[Schneibster]

Here, I'll help: they're discussing a fix for the underwater mortgages, and the last unemployment figures showed the trend of private job increases continuing. But CES will just lie about it.

[Coito ergo sum]

Where exactly does anyone claim that the economy was not having troubles? Seems like Ian was trying to balance the lopsided, Crumple-like view you portray while Obama is president.

I am balancing the lopsided pro-Obama position of 90% of this website. I find it humorous that I am always asked to provide balance to anything that might be construed as anti-Obama. But, nobody else, like you, requires themselves to provide balance to their positions.

Moreover - pointing out what the economy is doing is not necessarily anti-Obama. It's only anti-Obama if it's something you blame Obama for. Otherwise, it's just the facts on what's happening with the economy, which is basically what this thread is about.

[Coito ergo sum]

Here, I'll help: they're discussing a fix for the underwater mortgages, and the last unemployment figures showed the trend of private job increases continuing. But CES will just lie about it.

[Hermit]

Where exactly does anyone claim that the economy was not having troubles? Seems like Ian was trying to balance the lopsided, Crumple-like view you portray while Obama is president.

I am balancing the lopsided pro-Obama position of 90% of this website. I find it humorous that I am always asked to provide balance to anything that might be construed as anti-Obama. But, nobody else, like you, requires themselves to provide balance to their positions.

This thread has gone on for 532 posts. Not one of the 238 posts you contributed contains a paragraph, sentence or even just a word reporting good news. In fact, every time you reply to someone's posts with positive news, you denigrate those reports. This does not look like an attempt to balance anything. It's a crusade, and not particularly conducive to discussion.

And I bet you'll tack to the opposite side once you have your republican president.

[Coito ergo sum]

Where exactly does anyone claim that the economy was not having troubles? Seems like Ian was trying to balance the lopsided, Crumple-like view you portray while Obama is president.

I am balancing the lopsided pro-Obama position of 90% of this website. I find it humorous that I am always asked to provide balance to anything that might be construed as anti-Obama. But, nobody else, like you, requires themselves to provide balance to their positions.

This thread has gone on for 532 posts. Not one of the 238 posts you contributed contains a paragraph, sentence or even just a word reporting good news.

Why does that matter? Why do I, personally, need to post "good news?" Can't YOU post good news, if there is any? Ian is certainly capable of posting what he thinks is good news. The thread, however, is basically about bad news, not good news. It's called "here comes the other economic shoe dropping.." which implies additional bad news, not good news.

In fact, every time you reply to someone's posts with positive news, you denigrate those reports.

Those other persons posting denigrate my reports. But, I haven't denigrated their reports anyway. Please link to the post of mine that you think is "denigration." Is it the blurb where I say something to the effect of "Whew! I guess the economy is doing great then?" - that's not "denigration" that's just a joke between Ian and I -- he wrote in the post to which I responded that he was "getting my panties in a bunch." I notice you didn't worry about that comment toward me, now did you? Where is YOUR balance, Seraph?

This does not look like an attempt to balance anything. It's a crusade, and not particularly conducive to discussion.

It's an attempt to balance out the boot-licking, and the abject refusal to criticize the government under this administration. This forum was raging when Bush was President and unemployment was almost 1/2 of what it is now - and that was unacceptable, and a function of horrible government policy, and we had daily anti-government updates back then. I miss those days - and I think that we need more questioning of our leaders and government at the moment.

All this thread is about is the economy, though - and I haven't even blamed Obama in most instances - most of the time I just post the news that is on topic. You're free to explain and enlighten, and post other "good" news if you want. Nobody is stopping you.

Since you require "balance" in my posts, then I will expect to see your posts always balanced too. So if you post something that is anti-something, I will expect you to also post something else on the pro- side. Would that be something you'll be doing, then?

And I bet you'll tack to the opposite side once you have your republican president.

Nope. Wrong again. If the economy sucks, the economy sucks. I won't post positive news if the economy is sucking.

[Hermit]

One day you'll cause me to have a heart attack by conceding something.

[Coito ergo sum]

One day you'll cause me to have a heart attack by conceding something.

I will and do concede points when good points are made.

Why would I concede to anything you just typed. You're wrong, and you know it. You're asking me to balance out my own posts, and that is something you don't ask of anyone else, or even yourself. When you take a position on an issue, you don't make sure that you've gone out of your way to balance out your own view by posting the opposite. You, and everyone else, generally leave it to those who advance a view you don't agree with to present that view.

I don't see what I should concede in this regard. Should I say, "Oh, yes, Seraph, you are so right. I don't post enough things that I don't agree with, and I don't advance arguments that I don't accept. From now on, on threads about evolution, I will be sure to balance out my pro-evolution view with a Creationist view. On atheism threads, I will be sure to balance myself out, and post a pro-deity post too. I will be sure when discussing abortion, that despite being pro-choice, I will always post a pro-life argument to balance myself out."

Is that what you want me to concede, Seraph?

[Hermit]

One day you'll cause me to have a heart attack by conceding something.

I will and do concede points

That will be the day I die of a heart attack.

[Coito ergo sum]

One day you'll cause me to have a heart attack by conceding something.

I will and do concede points

That will be the day I die of a heart attack.

Maybe you can teach me how it is done. Could you direct me to a post wherein you conceded something of consequence?

[Hermit]

Could you direct me to a post wherein you conceded something of consequence?

I'm not going to trawl through 5000 posts to provide links, but I think this might do: http://rationalia.com/forum/viewtopic.p ... 0#p1009310

My change of mind regarding hate crimes and freedom of speech, by the way, was mainly due to you.

[Coito ergo sum]

Could you direct me to a post wherein you conceded something of consequence?

My change of mind regarding hate crimes and freedom of speech, by the way, was mainly due to you.

Aw, man...now don't I feel like the dog's dinner...

...well, I'll see about locating a concession on this forum - off the top of my head, I changed my mind on abortion several years back, due to getting a better understanding of biology. I became pro choice. I also changed my mind on global warming, going from a serious doubter to pretty much accepting the basic science.