Even Pessimists Feel Optimistic Over Economy

Discussion in 'Too Hot for Swamp Gas' started by Row6, Jun 16, 2013.

  1. Row6

    Row6 New Member

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    Growing numbers of economists, including those recently pessimistic, and forecasting institutions see long term steady US economic growth with high growth in 2014. Lack of bubbles and technological innovation given as reasons. Most seem to agree that a large class of unemployed will remain that way and that today's record income inequality will not lessen much.

    mobile.nytimes.com/2013/06/16/business/economy/even-pessimists-feel-optimistic-over-economy.html?from=homepage
  2. dadx4

    dadx4 Well-Known Member

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    Lack of bubbles? Oh...never mind just saw this was from the NY Times. When Bernanke stops buying the 30yr treasuries......a mini implosion is going to happen in the bond markets as well with the stock market.
  3. Dreamliner

    Dreamliner Well-Known Member

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    It's actually rather pathetic. People are probably just reckoning with the new reality and getting on with their lives. The economy is not strong and could likely be immeasurably better but for a besetting animus towards freedom.
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  4. Gatorrick22

    Gatorrick22 Well-Known Member

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    This.
  5. DaveFla

    DaveFla Well-Known Member

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    Optimistic in SPITE of Obama, not because of Obama.
  6. vangator1

    vangator1 Well-Known Member

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    The Onion is more factual than the NY Times. This economy is in trouble.
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  7. gatorman_07732

    gatorman_07732 Well-Known Member

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    Istead of listening to economists perhaps you should listen to people that will give a more realistic view of what this economy has been and is not going to change anytime soon with the same policies and Obamacare kicking into full gear. We have the most dismal recovery in history with GDP barely getting to 3% on any given month. Hiring has also barely kept up with the increase in population and many people in the non-professional workforce hours are being cut to get away from employer mandates on health insurance. In terms technology sector, we don't even have the Americans with enough education skills and experience to occupy the jobs so many are going to individuals or work visas.
  8. candymanfromgc

    candymanfromgc Well-Known Member

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    so you are happy that economist are optimistic even though unemployment will remain very high? Spin spin spin. I know another client I do buisness with is closing at the end of the month. More people out of work. Spin away row.
  9. g8trjax

    g8trjax Well-Known Member

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    The reasons for government tall tales are apparently valid.
  10. jimgata

    jimgata Premium Member

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    We probably would have been better off today if nothing had been done. The economy is like most things, it runs in cycles. All Bernake is doing is adding to the depth of the fall when it does come. How much debt is too much? Interest rates increase and KABOOM!
  11. vangator1

    vangator1 Well-Known Member

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    The govt is all about keeping the sheeple optimistic because our economy is based on consumption.
  12. BobK89

    BobK89 Well-Known Member

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    When Bush was in office all we ever saw from the NYT from Green and Scaly was the horrible economy. Good to see that they are not choosing sides.
  13. chemgator

    chemgator Well-Known Member

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    It really is pathetic when you look at how desperate liberals are for some good news to justify their horrid excesses of the last 13 years. When they are quoting what a select group of economists is "feeling", you know things are really bad. The only thing I could imagine that could be worse is getting a team of biologists to read the economists' poop for signs of the economy. I suppose that's not too far off... I blame the education system.
  14. Minister_of_Information

    Minister_of_Information I'm your huckleberry Premium Member

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    The economy is self healing after a while, but I do feel that QE has helped prevent a major financial catastrophe. Political and fiscal initiatives OTOH were not nearly as consequential in the current recovery.
  15. chemgator

    chemgator Well-Known Member

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    One of the things that really irritates me about Obama's policies is that something really great could have been done with the trillions of dollars that went down the tubes on his watch. Clearly, the country needs its current infrastructure fixed, and it needs new infrastructure, like high-speed rail. Not idiotic, boondoggle HSR from Tampa to Orlando, but useful HSR from New York to D.C., stopping at all the major airports. NY-DC has the most crowded air corridor in the world, and no other way to relieve the pressure on the system. Obama screwed the pooch on HSR by trying to use it to buy Florida's votes.
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  16. Row6

    Row6 New Member

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    The stimulus was $787 billion of which 1/3, or $262 billion, was tax cuts, leaving about $524 billion of spending. Where are the trillions you speak of? That's only 1/2 trillion.
  17. OB1

    OB1 Active Member

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    Which shovel ready jobs got the $524 billion? Please share them with us.

    It's Great to be a Florida Gator!
  18. 92gator

    92gator Well-Known Member

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  19. 92gator

    92gator Well-Known Member

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    Concur. For that kind of jack, there should have been somedamnthing to show for it.

    Alas, not a damn thing. No roads, no buildings, highways, telephine lines, no new state, no new oil wells, no missles, no planes, no ships, no war, no internet/web like advancement, no replacement for the television, no revolutionery advancment in education, nothing at all. (You can't even count Obama care, since none if it went to that, as it doesnt start running up even more debts until this year.)

    Just poof...up in smoke...yet on the books, real debt, just the same.

    As baffling as it is tragic.
  20. Row6

    Row6 New Member

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