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Hey LOL
09 Feb 2014 15:52 #3
by LOL
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Oh Goodie! I'm famous, got me my very own MMT thread again!
Thanks BB, I owe u a beer!
#HahaVLI'mmorepopularthanyou
Thanks BB, I owe u a beer!
#HahaVLI'mmorepopularthanyou
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Please Log in or Create an account to join the conversation.
09 Feb 2014 22:29 #5
by Blazer Bob
I will take you up on that. I want to know what you see in your crystal ball.
Replied by Blazer Bob on topic Hey LOL
LOL wrote: Oh Goodie! I'm famous, got me my very own MMT thread again!
Thanks BB, I owe u a beer!
#HahaVLI'mmorepopularthanyou
I will take you up on that. I want to know what you see in your crystal ball.
Please Log in or Create an account to join the conversation.
09 Feb 2014 23:04 #6
by Blazer Bob
Speaking of crystal balls here is one that is half full.
http://www.newgeography.com/content/004 ... +places%29
..."Why, then, so glum? One explanation clearly is the shape of the economic recovery, which, due in part to Federal Reserve monetary policy, has favored the rich by primarily promoting stock market and other asset growth. “Qualitative easing,” notes one former high-level Fed official, essentially constituted a “too big to fail” windfall for the largest Wall Street firms. Executives at these same firms set new compensation records in 2011, just three years after the financial “wizards” left the world economy on the brink of economic catastrophe.
As people on Wall Street, and their hipper counterparts in Silicon Valley, celebrate their good fortune, most people are not doing well, and they know it. Unemployment may have dropped officially, but the percentage of Americans in the workforce is now at the lowest level since December 1977. Huge parts of our society now face long-term unemployment or, at best, a marginal existence at the low end of the job market.
This trend is most disturbing because it has been going on for a long time and, generally, has been getting worse. Since 1973, for example, the rate of growth of the “typical family's income” in the United States has slowed dramatically; for males, it has actually gone backward when adjusted for inflation, at least until the early 1980s. In contrast, in 2012, the top 1 percent of earners accounted for one-quarter of all American income, the highest percentage in the past century.
So, given these problems, why should anyone be optimistic? After all, by 2020, the CIA suggested in 2005, the U.S. world position will have eroded because of the rise, most notably, of India and China; many business leaders share this assessment.
Nevertheless, here are five reasons for optimism."...
Replied by Blazer Bob on topic Hey LOL
BlazerBob wrote:
LOL wrote: Oh Goodie! I'm famous, got me my very own MMT thread again!
Thanks BB, I owe u a beer!
#HahaVLI'mmorepopularthanyou
I will take you up on that. I want to know what you see in your crystal ball.
Speaking of crystal balls here is one that is half full.
http://www.newgeography.com/content/004 ... +places%29
..."Why, then, so glum? One explanation clearly is the shape of the economic recovery, which, due in part to Federal Reserve monetary policy, has favored the rich by primarily promoting stock market and other asset growth. “Qualitative easing,” notes one former high-level Fed official, essentially constituted a “too big to fail” windfall for the largest Wall Street firms. Executives at these same firms set new compensation records in 2011, just three years after the financial “wizards” left the world economy on the brink of economic catastrophe.
As people on Wall Street, and their hipper counterparts in Silicon Valley, celebrate their good fortune, most people are not doing well, and they know it. Unemployment may have dropped officially, but the percentage of Americans in the workforce is now at the lowest level since December 1977. Huge parts of our society now face long-term unemployment or, at best, a marginal existence at the low end of the job market.
This trend is most disturbing because it has been going on for a long time and, generally, has been getting worse. Since 1973, for example, the rate of growth of the “typical family's income” in the United States has slowed dramatically; for males, it has actually gone backward when adjusted for inflation, at least until the early 1980s. In contrast, in 2012, the top 1 percent of earners accounted for one-quarter of all American income, the highest percentage in the past century.
So, given these problems, why should anyone be optimistic? After all, by 2020, the CIA suggested in 2005, the U.S. world position will have eroded because of the rise, most notably, of India and China; many business leaders share this assessment.
Nevertheless, here are five reasons for optimism."...
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10 Feb 2014 05:11 #7
by LOL
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
BB
Listen to my old pal Yukon Cornelius...
Two words silver and gold
BTW the article u posted was a pretty good read and summary of todays economy.
Listen to my old pal Yukon Cornelius...
Two words silver and gold
BTW the article u posted was a pretty good read and summary of todays economy.
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Please Log in or Create an account to join the conversation.
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