Despite what doom/gloomers say, economy roars on.
POSTED BY: AURaptor
UPDATED: Thursday, October 23, 2025 22:23
VIEWED: 13580
PAGE 6 of 19
I agree about the upcoming economic stresses. But you forgot that personal bankruptcy is harder to come by thanks to the ruling kleptocracy.
The real reason I posted a portion of Unwrapped's previous post (consumer confidence high) and the new, not so good consumer confidence poll, is that Unwrapped thinks a high consumer confidence means a robust economy. I was just pointing out that consumer confidence is sliding, something he should be taking into account as it is his adopted economic measure.
Nearly everything I know I learned by the grace of others.
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Auraptor's first stab at economic analysis was in another thread. That was where he laid his hands on the first positive statistic that came to hand Why... LOOK! Consumer confidence and consumer spending and home sales are up and unemployment is down! ... or words to that effect. I kept asking for a point by point discussion on economics because I predicted that consumer confidence would drop. I see that he evaded a rigorous discussion. I still would like one. Well, maybe in the next thread.
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If you're so smart how come you're not rich? I am.
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Quote:
Originally posted by SignyM:
Auraptor's first stab at economic analysis was in another thread. That was where he laid his hands on the first positive statistic that came to hand Why... LOOK! Consumer confidence and consumer spending and home sales are up and unemployment is down! ... or words to that effect. I kept asking for a point by point discussion on economics because I predicted that consumer confidence would drop. I see that he evaded a rigorous discussion. I still would like one. Well, maybe in the next thread.
AU tends to just spit out a couple of party lines then if that doesn't work because whoever he's talking to has more knowledge of the subject than him he turns the thread around into a constant attempt to discredit them rather than what they say (since he is utterly in capable of doing so).
Funny thing is he always discredits other people by accusing them of doing what he does habitually, and just outright lying. It's really amusing to watch it happen, especially when it's plainly obvious to all who reads his posts (besides him, of course
).In other words don't hold your breath for any sort of conversation with AU, not unless your looking for a conversation about how you are really an evil anti-American Terrorist who supports Terrorist rights and hates freedom puppies and civil rights, is blind to any data you don't want to see and smells of cheese.
More insane ramblings by the people who brought you beeeer milkshakes!
And as you know, these are open forums, you're able to come and listen to what I have to say.
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05/17/2006
Yes it roars on ...
"The Dow (down 214.28 to 11,205.61, Charts) skidded about 1.8 percent after being down as much as 245 points earlier. The broader Standard & Poor's 500 (down 21.76 to 1,270.32, Charts) index sank 1.7 percent and the Nasdaq composite (down 33.33 to 2,195.80, Charts) stumbled 1.5 percent, erasing its gains for the year."
Nearly everything I know I learned by the grace of others.
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Quote:
Originally posted by AURaptor:
( Just more fuel for the economy which is on FIRE! )
U.S. Stocks Rise on Verizon Profit; S&P 500 Nears 5-Year High
May 2 (Bloomberg) -- U.S. stocks rose as earnings from Verizon Communications Inc. exceeded analysts' forecasts, easing concern that higher interest rates may curb profit growth. The Standard & Poor's 500 Index reached an almost five-year high.
TXU Corp. led a rebound in utility shares as the largest Texas power producer said profit climbed on higher electricity prices. A drop in Treasury yields also boosted the group.
Emerson Electric Co., the world's biggest maker of power supplies for telecommunications systems, and Archer Daniels Midland Co., the No. 1 grain processor, joined Verizon in reporting results that topped Wall Street's expectations.
``We still keep seeing better-than-expected earnings,'' said Cummins Catherwood, who helps manage $800 million at Walnut Asset Management in Philadelphia. Companies such as Verizon and Emerson are ``posting some impressive stuff. That gives me encouragement about our economy.''
The S&P 500 added 7.46, or 0.6 percent, to 1312.65 at 2:18 p.m. in New York, the highest since May 21, 2001. The Dow Jones Industrial Average rose 74.76, or 0.7 percent, to 11,418.05. The Nasdaq Composite Index gained 5.70, or 0.3 percent, to 2310.49.
Stocks reached their highs in early afternoon trading as Treasury yields fell to their lows on the day and a gain in oil prices lifted energy shares.
Almost two stocks rose for every one that fell on the New York Stock Exchange. Some 1.14 billion shares changed hands on the Big Board, in line with the same time a week ago.
Exceeding Forecasts
Better-than-expected reports have lifted the earnings growth rate for S&P 500 companies in the first quarter to 14.1 percent, from 13.6 percent a week ago, according to Merrill Lynch & Co. chief market analyst Mary Ann Bartels.
Stocks made up most of their declines from a day ago, when remarks attributed to Fed Chairman Ben S. Bernanke suggested the central bank may not pause its series of 15 straight interest rate increases soon.
People love a happy ending. So every episode, I will explain once again that I don't like people. And then Mal will shoot someone. Someone we like. And their puppy. - Joss
" They don't like it when you shoot at 'em. I worked that out myself. "
LMAO!!
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Hey Unwrapped !!
- how's that economy of yours going lately ??
May 30; Market Close
Dow ends down 184, Nasdaq closes down 46
May 30 2006
NEW YORK (Reuters) - U.S. consumer confidence fell to a three-month low in May, weighed down by concerns over rising gasoline prices and diminished optimism about the economy, a survey showed on Tuesday.
Nearly everything I know I learned by the grace of others.
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Zero,
You know, I usually just scroll past your posts, so I didn't catch this until now.
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Originally posted by citizen:
So how's that biggest rich/poor gap of any developed nation coming?
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Originally posted by zero:
Good thanks. How's the effort to push us into the slavery of godless communism going for you?
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US ? Did you mean the UK 'us'? You do know that Citizen is British, right? Or did you mean the US 'us'? In which case, are you in fact PN ??? Then you forgot jewish commie nazi british .... whatever.
Nearly everything I know I learned by the grace of others.
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SigyM and Citizen - you simply want to argue facts because I'm the one pointing them out. I can't change the facts, but it's y'all who want to try. I was never closed to discussing the specifics, but that was never brought up.
It's almost as though some WANT the economy to be bad, so they can find something else to blame Bush over, and there by follow their well ( in their own mind ) established template that Bush is the cause of all things bad in the world.
It's beyond silly.
People love a happy ending. So every episode, I will explain once again that I don't like people. And then Mal will shoot someone. Someone we like. And their puppy. - Joss
" They don't like it when you shoot at 'em. I worked that out myself. "
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It's almost as if you don't realise that you never bring real well rounded facts to a discussion, all you ever bring is bullshit...
Now what you mean by specifics is everyone agreeing with you, and your right the only specifics you are prepared to deal with were never brought up, but you're only prepared to deal with the specifics of AURaptors fantasy world, so no surprise there then.
More insane ramblings by the people who brought you beeeer milkshakes!
"I had a rose named after me and I was very flattered. But I was not pleased to read the description in the catalog: 'No good in a bed, but fine against a wall'." -- Eleanor Roosevelt.
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Quote:I would LOVE to discuss specifics in a logical, stpe-by-step fashion. As I recall, your first post had to do with consumer confidence, consumer spending, and home sales and your second was based on the stock market and earnings. One of the things that YOU need to do first is to settle on which indicators YOU use to measure "the economy" otherwise you will keep shifting your basis to whichever indicator happens to be positive at the time. And if you think picking and choosing postitive indicators is an honest assessment of "the economy" then you're the one who is looking to change "the facts".
SignyM and Citizen - you simply want to argue facts because I'm the one pointing them out. I can't change the facts, but it's y'all who want to try. I was never closed to discussing the specifics, but that was never brought up.
BTW- I'd also be happy to discuss indicators in general -what they mean and which ones are important. I'd also be happy to discuss currency circulation and various economic theories. Where would you like to start?
Quote:Hey, I live in this economy and I have a mentally challenged teen. Do you really think that I want everything to be f*cked up?? If you do then you've got more problems than my kid! FYI I don't think Bush is the source of everything bad in the world. He didn't cause global warming and he didn't cause jihadism. OTOH he IS driving the US Treasury over a cliff and he IS causing a collapse of the middle class in the USA.
It's almost as though some WANT the economy to be bad, so they can find something else to blame Bush over, and there by follow their well ( in their own mind ) established template that Bush is the cause of all things bad in the world.
So, like I said- where do you want to start?
Quote:No kidding
It's beyond silly.
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Don't piss in my face and tell me it's raining.
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