Truth Getting in the Way...

[TheVictors]

Everyone knows that the Stock Market is what's called a leading indicator and jobs is what's called lagging. This is why the precipitous stock market crash of 2008 was met with skepticism and denial and why certain unnamed t-idiots can't understand why oil (among other commodities) was so cheap in early-2009, when compared to today.

That's what makes the commentary of a conservative, free market sage such as David Levy in a Murdoch-owned financial pub like Barron's so interesting...

"We're in a better position for the long run than are most other major economic powers. The US is 'improving its manufacturing competitiveness, containing its depression, cleaning up private balance sheets, developing greater energy independence and enjoying a new advantage as it begins to exploit cheap natural gas. Furthermore, the people and government of the US have withstood all kinds of military, political, and economic challenges without collapsing or losing their free markets or culture of innovation. The EU, China, India, Russia, and Brazil have not proved to have the same resilience.'"

....Sucks that the real world can't be simplified into easily digested factoids for those too intellectually lazy to think or those too impatient not to get the immediate gratification of a petulant four year old demanding ice cream, now!

 

[tsmith7559]

"jobs is what's called lagging".......ya, 4 years of lag

 

[Michchamp]

"jobs is what's called lagging".......ya, 4 years of lag

it's more like 9 years of lag if you count Bush's "jobless recovery" and then the "boom years" of phony credit-based expansion that collapsed on 2008.

​

 

[TheVictors]

I shouldn't have expected a moron to grasp a basic principle of Econ-101 in light of all the evidence suggesting he wouldn't.

Let's see ....why was oil so historically cheap in January 2009...?

Why was unemployment spiking in the months that followed, after the Dow lost a few 1000 points at the end of Dubya's term and creating TARP?

Why are Equity markets up double digits this year?

 

[tsmith7559]

I shouldn't have expected a moron to grasp a basic principle of Econ-101 in light of all the evidence suggesting he wouldn't.

Let's see ....why was oil so historically cheap in January 2009...?

Why was unemployment spiking in the months that followed, after the Dow lost a few 1000 points at the end of Dubya's term and creating TARP?

Why are Equity markets up double digits this year?

Why was oil so expensive right in the middle of the recession? So-called experts said it started in late 2007 and ended in June 2009. Yet, the highest gas prices of all time were right in the middle...c'mon genius we need another 3 paragraph post from ya.

 

[tsmith7559]

The leading indicator,eh? The indication for today is the future is bleak, no? Dam glad I got out of this market.

 

[Michchamp]

according to NBER, the peak of economic activity occurred in Dec. 2007. this was the "end" more or less of the "Bush Boom" that was predicated on easy credit through refinancing and skyrocketing real estate prices (inflated by often fraudulent lending practices which the Fed and the Treas turned blind eyes to).

in the same link, you can see that the contraction lasted from 12/07 to 6/09, so through the first 6 month's of Obama's tenure in office.

gas prices peaked in 2008, but they are subject to a number of factors, from increased global demand (the link specifically cites economic growth in Brazil, Russia, China and India) and the disruption of supply markets due to the US invasion and occupation of Iraq.

probably more realistic to understand that while the policies controlled by the President can affect gas prices, they are not the only factor affecting them

 

[Michchamp]

...

probably more realistic to understand that while the policies controlled by the President can affect gas prices, they are not the only factor affecting them

haha, I just realized I used those words without any sense of irony. guess I forgot who I was talking to.

 

[TheVictors]

Why was oil so expensive right in the middle of the recession? So-called experts said it started in late 2007 and ended in June 2009. Yet, the highest gas prices of all time were right in the middle...c'mon genius we need another 3 paragraph post from ya.

I realize it's hard for you to read three paragraphs without getting a headache, much less write three, and you couldn't grasp anything I posted for you in April. Just the same trite and simplified one-liners you offer on everything without a lick of substance.

As for your next retarded response ...exactly what part of the market don't you get, dipshit? Do you understand the basic tenet of "leading" and "lagging" because it doesn't seem like it. The S&P is up 15% YTD and performing best are US Equities & Emerging Markets ...Europe is a drag and now EEM is slowing.

Now go back and read the quote from Levy again.

There, three paragraphs to re-explain something other posters understood the first time.

And good luck unloading your vast inventory of "water front property" there in Michigan. I could buy a 3000' ft house in Ann Arbor for cash right now and that's the single steongest real estate market in the state.

 

[TheVictors]

Why was oil so expensive right in the middle of the recession? So-called experts said it started in late 2007 and ended in June 2009. Yet, the highest gas prices of all time were right in the middle...c'mon genius we need another 3 paragraph post from ya.

Already answered by MC.

The rest of the world consumes fossil fuels too.

 

[tsmith7559]

I realize it's hard for you to read three paragraphs without getting a headache, much less write three, and you couldn't grasp anything I posted for you in April. Just the same trite and simplified one-liners you offer on everything without a lick of substance.

As for your next retarded response ...exactly what part of the market don't you get, dipshit? Do you understand the basic tenet of "leading" and "lagging" because it doesn't seem like it. The S&P is up 15% YTD and performing best are US Equities & Emerging Markets ...Europe is a drag and now EEM is slowing.

Now go back and read the quote from Levy again.

There, three paragraphs to re-explain something other posters understood the first time.

And good luck unloading your vast inventory of "water front property" there in Michigan. I could buy a 3000' ft house in Ann Arbor for cash right now and that's the single steongest real estate market in the state.

Why would I want to unload my real estate??? seven free and clear lakefront properties bringing in $13,850/mo. Not to mention an increased value of around $650,000.00 and climbing.

You stay in the stock market.....you've been warned