WOW - Lookit the DOW go !
POSTED BY: rue
UPDATED: Monday, August 11, 2008 21:55
VIEWED: 3730
PAGE 2 of 4
Quote:You're as stupid as Rapo. Where were you when we went through that whole thread about how a lot of indicators are DOWN when you adjust for inflation? I'll bet you can't balance your checkbook either.
End of 2001, right after 9/11, the Dow was 10021.5. A low of 7286.27 came about a year after 9/11, on October 10, 2002. Today it's 12083.77.

Quote:Well, too bad for them they caught the real-estate bug from us; it bit UBS and a lot of German and British national banks that bought SVIs from us. (The only banks that avoided the fiasco are Spanish because their central bank said "NO!") But overall their standard of living is still higher than ours, and they don't have such deep poverty.
Gas prices? Europe wishes they could get gas for $4.00 a gallon. Unemployment? Lots of Europe wishes they could get down to 5.5%.
U.S. life expectancy still trails 30 countries www.cnn.com/2008/HEALTH/06/11/life.expectancy.ap/index.html
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Let's party like it's 1929.
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Quote:
The buildings were just as vulnerable in 2000, the levies just as likely to breach, FEMA just as unprepared, the military just as understaffed (actually more so since the Bush military reforms were well underway by September), the oil just as in the ground, the refineries just as not built, the power plants just as insuffient, bridges just as stressed, and so on...
So you're saying that Bush is no better than Clinton, and hasn't done a thing to improve... well, ANYTHING. At last, something we agree on!
Mike
"I supported Bush in 2000 and 2004 and intellegence[sic] had very little to do with that decision." - Hero, Real World Event Discussions
I can't help the sinking feeling that my country is now being run by people who read "1984" not as a cautionary tale, but rather as an instruction manual. - Michael Mock
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and Bush had 6 years to work with where his party controlled all branches of government.
Clinton's last years were spent under fire for a blow job.
Apparently when you get all the branches on the same page under Republican Rule, that can finally make the policies they want to make without those damn obstructionist anti-american dems....
this is what you get.
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Soooooo... If, say, Obama wins in November...
I'm guessing that on the day after the election, all of the bad things that are currently going on with the economy would magically (by the power of transsubstantiation, I suppose) become one hundred percent Obama's fault, immediately. Of course, if by some miracle things turned around the day after the Inauguration, then that would, of course, be entirely due to Bush's enlightened policies. If, however, things stayed bad for six years of an Obama two-term presidency, that would of necessity be because of Bill Clinton's policies way back when. If things then suddenly turned around for his last two years in office, that would, of course, be because of Bush's actions.
Have I got that about right? I'm just practicing using these new Republican filters. Everything's so much more rosy with them on!
Mike
"I supported Bush in 2000 and 2004 and intellegence[sic] had very little to do with that decision." - Hero, Real World Event Discussions
I can't help the sinking feeling that my country is now being run by people who read "1984" not as a cautionary tale, but rather as an instruction manual. - Michael Mock
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Quote:
Originally posted by SignyM:
You're as stupid as Rapo.
Wow. such a cogent argument.
Quote:
Where were you when we went through that whole thread about how a lot of indicators are DOWN when you adjust for inflation? I'll bet you can't balance your checkbook either.
Let's see. Inflation since 2001 about 20%. Increase in the Dow since 2001 about 20%. Figure we got the worst attack on US soil and a couple of wars in that period. Oooh.
Quote:So thay're not as smart as you seem to think they are.
Well, too bad for them(Europe)they caught the real-estate bug from us; it bit UBS and a lot of German and British national banks that bought SVIs from us. (The only banks that avoided the fiasco are Spanish because their central bank said "NO!")
Quote:
But overall their standard of living is still higher than ours, and they don't have such deep poverty.
Cites please.
Quote:
U.S. life expectancy still trails 30 countries www.cnn.com/2008/HEALTH/06/11/life.expectancy.ap/index.html
Or 43 countries on Nationmaster. Max is Andorra at 83.52. U.S. is 79 (4.52 under the max. Wooo!). Average for the world is 68.4. 176 countries, including Denmark, Ireland, and your heroes in Cuba, are lower. Most European countries are within a year or two.
Lies, damn lies, and statistics. You play that game well.
Sorry, but it's still not the end of the world. People who lived through the Depression would laugh at your worries.
"Keep the Shiny side up"
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Quote:Of course it's not the end of the world ya dimwit! But
Sorry, but it's still not the end of the world. People who lived through the Depression would laugh at your worries.
Lehman shares plummet amid write-down fears
Asian stocks sink on inflation, credit fears
WaMu denies regulatory move rumors as shares fall
www.reuters.com
Foreclosures up 75% in 2007
www.cnn.money.com
Monoline Death Watch: Moody's Puts MBIA, Ambac on Review for Downgrade
www.nakedcapitalism.com/2008/06/monoline-death-watch-moodys-puts-mbia.
html
Still, even counting the current price of oil and food, the biggest problem that we're facing is ecological: global warming and overpopulation.
AFA cites are concerned, you can use nationmaster as well as I. So look at things like literacy rates, education, life expectancy, crime rate, happiness, and other indicators of lifestyle and tell me what you find.
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Let's party like it's 1929.
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Quote:The banks got greedy, but what happened is the American Banks sold bad debts, that they knew were bad, hidden amongst good ones. It's buried so well that no one is sure which are bad and which are good, so all are suspect, which turns out to be worse than the bad debt in the first place because much of banking is done on how trustworthy a portfolio is.
Originally posted by Geezer:
So thay're not as smart as you seem to think they are.
It's like a used car salesman winding the clock back few thousand miles to sell that old heap. If it's not illegal, it should be, but what can really be taken from this is that people shouldn't do business with American banks. They're untrustworthy Shysters. What it's shown is the American financial sectors true devotion to good business practices, I.E. none. But hey, if Banking is done on 'trustworthiness', we can be sure of one thing, this whole sub-prime mortgage fiasco is going to harm the American banks the most in the long run, because only a fool would trade with them now...
More insane ramblings by the people who brought you beeeer milkshakes!
No one can see their reflection in running water. It is only in still water that we can see.
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Also, don't forget that if Obama wins, he automatically gets a three trillion dollar "blank check" to blow on whatever he wants. Hey, it's only fair - we gave more than that to his predecessor!
With that kind of cash in hand, he could replace every single bridge in this country, completely redo the entire interstate highway system, provide universal healthcare for every citizen, AND still have enough to give a college education to every man, woman, and child in the country.
Sounds better than throwing it into a bottomless sandbox and watching it disappear...
Also, no matter who wins, you don't get to complain about taxes going up. It's pretty much a given that we're going to have to pay down that enormous deficit SOMEHOW, after all.
Mike
"I supported Bush in 2000 and 2004 and intellegence[sic] had very little to do with that decision." - Hero, Real World Event Discussions
I can't help the sinking feeling that my country is now being run by people who read "1984" not as a cautionary tale, but rather as an instruction manual. - Michael Mock
The Myrmidons were an ancient nation of very brave and skilled warriors as described in Homer's Iliad, and were commanded by Achilles. - Wikipedia
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Stocks Fall as Credit Ills Escalate
Dow Jones gives up 220 points on worries about the financial sector and rebounding oil prices.
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"Global warming - it's not just a fact, it's a choice."
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I hope to see you updating this thread next week when the Dow rises and more than overcomes it's ONE DAY losses from today. Don't want anyone to think you are cherry-picking your stats now do you.
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