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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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quote:
Stocks Drop, Bond Surge on Weak Job Data http://home.peoplepc.com/psp/newsstory.asp?cat=business...620070907-1403908159Yep. Economy is doing real well.  Guess bomb and missile manufacturing is up in anticipation of Iran according to the previous manufacturing data. Guess Haliburton and HBR are gearing up their service potential according to the non-manufacturing report. We can use the unemployed to occupy Iran. Rising unemployment is temporary. Iran will absorb the unemployed. Why the Wall Street jitters? Pinnocio knows what he is doing. Wall Street just has to learn to trust Bush's superior judgement in economic and international matters. Retired Monk "Ideology is a disease" |
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| Posts: 3412 | Location: denver co | Registered: 17 April 2007 | |
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quote:
I am fairly new to this site, however posting links to support your theories is hardly thinking for oneselves. I would like to point out that your link, Ron, is sponsered by Dow Jones....hmmm who owns that now??? Do you guys EVER think for yourself?? You really are giving the conservatives a bad name 
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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Does that mean the data is flawed?
"Support mental health, or I'll kill you".
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| Posts: 825 | Location: West Virginia | Registered: 27 January 2006 | |
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quote: Originally posted by Coalage500:
Does that mean the data is flawed?
I guess that depends on whether or not you think Fox news is a credible news source???
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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Fox News? I thought you said Dow Jones.
"Support mental health, or I'll kill you".
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| Posts: 825 | Location: West Virginia | Registered: 27 January 2006 | |
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quote: Originally posted by Coalage500:
Fox News? I thought you said Dow Jones.
Are you kidding? I was just pointing out that they share a common ownership...
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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So...does that mean the data is wrong?
"Support mental health, or I'll kill you".
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| Posts: 825 | Location: West Virginia | Registered: 27 January 2006 | |
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Thanks for helping prove my initial point 
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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quote: Originally posted by meljomur: quote:
I am fairly new to this site, however posting links to support your theories is hardly thinking for oneselves. I would like to point out that your link, Ron, is sponsered by Dow Jones....hmmm who owns that now??? Do you guys EVER think for yourself?? You really are giving the conservatives a bad name
So far you are not impressing me with your vast knowledge. I would love to see what your sources will be on this board. I have seen them all. Now back to the report... August 2007 Non-Manufacturing ISM Report On Business®Now do you want the whole report read for you word for word? Anyway Hank, you have anything else to complain about? |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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Thank god, at least I know I am doing my job correctly. BTW, I base my knowledge on life EXPERIENCE and not finding an article to support my views. I don't think any of you people have actually had any life experience to actually draw on, which shows. I read some of these links (most of them are really boring to me, and mean nothing, since what are they actually based on?) I haven't read through this entire thread, but you put a post up to show how well you feel the economy is doing, and I don't understand how anyone with half a brain can honestly believe we have a healthy economy? I too am rather well off by most Americans' standards, and just because I am comfortable I am not naive enough to believe that the whole country lives the way I do! So is that the "rule" of this site, if you don't have some link to back up your views, than it doesn't count? Somehow that really isn't thinking for one self, but then I have YET to meet a conservative person who thinks for him/her self
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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quote: Originally posted by meljomur:
Ron,
Thank god, at least I know I am doing my job correctly.
BTW, I base my knowledge on life EXPERIENCE and not finding an article to support my views. I don't think any of you people have actually had any life experience to actually draw on, which shows.
Your welcome Hank. And how does your life experience tell us how the economy is doing? Sawdust, Loganthor, Slab all have life experiences that may differ from yours. But in the end I will continue to post links that look interesting... What you do with that is up to you. |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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How did you know my name was Hank??? Are you watching me, I always wondered what that little camera on the top of my laptop was for? How does an article sponsored by Rupert Murdoch provide a true view of the economy???
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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quote: How does an article sponsored by Rupert Murdoch provide a true view of the economy???
Well Hank, there are two aspects of what you say. First, the data was derived from the ISM Index. If you want to question that then do so. Rupert is a business man first. If it was shown that this piece by Market Watch was false then he would lose business. It was only a snap shot of what numbers they thought were important enough to report on. Are you really concerned that "Inventory Sentiment" went from 65 to 61.5 over the past month? Secondly the map is not the territory. No human can have a true view of the economy and even computers are just crude interpretations of the "true view of the economy". But if you have some interesting news or views on the "State of the Economy" then why not post them? |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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You really don't think that data is manipulated to show the best possible outcome? Is that what they call blind faith? Rupert Murdoch is a business man and is concerned with his own interests, so yes I do think he would post incorrect data to preserve these interests (Have you ever for fun read the New York Post?) It would not be difficult to find numerous articles and data to support the fact that the US economy is in trouble, but what would that prove, some people (as long as their circumstances are healthy) are always going to say the economy is strong. The stock market fell another 250 points today, what does that mean about the economy? I suspect you live a very nice life, so it can make it difficult to see how bad it is for so many people.
"Yeehaw" is not a foreign policy!
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| Posts: 875 | Location: The Emerald City | Registered: 02 January 2007 | |
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If anybody cares. I'm doing great. Slight shift from Locals sales to Export Sales. Personally, bring on the bad economy. My business Rages during a slow economy quote: The stock market fell another 250 points today, what does that mean about the economy?
It means my 401K is going to suck again
**** Disclaimer: The information in this weblog is provided "AS IS" with no warranties, and confers no rights. This weblog does not represent the thoughts, intentions, plans or strategies of my owner. It is solely my own personal opinion. Inappropriate comments will be deleted at the authors discretion.***
"I stand or fall on my own words."
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| Posts: 7253 | Location: PORTLAND | Registered: 07 November 2005 | |
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The economy in Richistan IS fine. quote: At Saks, same-store sales in August were up a stunning 18.2 percent; at Tiffany, same-store U.S. sales rose 17 percent in the second quarter. Indeed, luxury retailers are in an expansive mood. The Wall Street Journal reported earlier this week (subscription required) that "this year, some 30 high-end retailers have opened boutiques in Austin [Texas], including Tiffany & Co., Michael Kors, Ralph Lauren, David Yurman, Louis Vuitton and Burberry." These stores are located in a new mall anchored by Neiman Marcus, where same-store sales rose a healthy 4.6 percent in August. Among the strongest performers: "designer handbags, shoes, designer jewelry, women's fine apparel, and men's."
Nationwide, the housing sales market may be a bust. But the Journal reports (subscription required) Friday morning that while many California housing markets suffer, "[e]ye-popping sales are spreading along a 40-mile stretch of southern Santa Barbara County." In July, sales in the area, "the only region of California where the median sales prices surpassed $1 million," rose nearly 28 percent.
90,000 dollars a year average expenditures of the top 20% tier. One gulfstream equals 3200 ford focuses.
Blaise Pascal
Men never do evil so completely and cheerfully as when they do it from religious conviction.
Pensees
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| Posts: 2917 | Location: Sverige | Registered: 21 June 2005 | |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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Hyperventilating Hyperinflation By Roger Wiegand Sep 12 2007 11:50AM quote: “We read over Chopper Ben’s speech from Berlin yesterday evening and conclude the Federal Open Market Committee is more entertaining than the USA’s cartoon network. On the other hand, Janet Yellin, the San Francisco Federal Reserve President, chose to tell the truth in her speech. We found that one alarmingly refreshing.” - Traderrog
Fiat currency chopper pilot Benjamin Bernanke wowed ‘em in Germany with a new economic theory that easily surpasses anything Pinocchio could offer. He said the “Global saving glut” is still helping to keep interest rates low, and they may not rise much in the event that the pool of excess capital dwindles in coming decades.” We think if his mother heard this one she would wash his mouth out with soap and give Benny a good spanking.....
http://www.kitco.com/ind/Wiegand/sep122007.htmlhttp://www.kitco.com/
"The moon that I love clears a path through the pines
And guides a stream right to the bamboo gate."Poems by Zen Master Hsu Yun: Series I
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| Posts: 795 | Location: western slope, northern sierra | Registered: 18 April 2003 | |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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I wonder how the pumping of billions of more "new money" into the economy will efect the August inflation figures.
Keeping gas prices and food prices out of the mix should help hide the true inflation rate. Looking at a projected $100 barrel oil price doesn't bode well.
Retired Monk
"Ideology is a disease"
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| Posts: 3412 | Location: denver co | Registered: 17 April 2007 | |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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quote:
And the further the dollar sinks, the higher the price will go. It will take more of them to buy oil, just as it takes more of them to buy Chinese trinkets and any other product produced outside the U.S. Heading for $100 a barrel and counting. Retired Monk "Ideology is a disease" |
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| Posts: 3412 | Location: denver co | Registered: 17 April 2007 | |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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U.S. Aug. PPI plunges 1.4%, but core rises 0.2% quote: WASHINGTON (MarketWatch) - Wholesale prices plunged 1.4% in August, led by falling food and energy prices, the Labor Department reported Tuesday. Energy prices dropped 6.6% in August, while food prices fell 0.2%, the fourth straight decline after five months of hefty increases. Excluding volatile food and energy, however, the core producer price index climbed a greater-than-expected 0.2% on higher drug and car prices. Economists expected the PPI to fall 0.4% and the core to rise 0.1%. The report on producer prices shows few inflationary pressures in the production pipeline as of August. But energy prices have soared since then, taking some of the luster off what was a generally favorable report.
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| Posts: 7939 | Location: Santa Barbara | Registered: 19 July 2005 | |
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