Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (59407)	7/25/2009 4:09:46 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 149317

The stock market is the economy? wrong. Jobs are the economy. 557,000 NEW filers fro UIB last week. Unemployment continues to set new post-depression records each week. Housing? Go use koan as your agent. He loves housing bubbles and subprime mortgages. He'll line you up with a sweetheart Barney Frank special. FYI, 1.5 million new foreclosure filings the first 6 months of 2009...that is 15% HIGHER than first 6 months of 2008. Case Shiller still dropping at around 18% year over year. You should stick to topics you understand, if there are any. As for O, I pretty sure i read it was Crawley's idea to come to the WH and meet O and Gates to mediate the situation. pretty smart for a "racist".

To: sylvester80 who wrote (59407)	7/27/2009 7:36:10 PM
From: Broken_Clock	Respond to of 149317

"I wonder about when Republicans will give Obama credit for turning around the economy... stock markets have been rocketing... DOW over 9000 now and climbing fast almost on a daily basis... even the housing market is turning now... oh my!!!" ==== "Indeed, any student of the 2000-2003 cycle knows that in the year after that downturn, the consumer offered little help — contributing barely more than one percentage point to GDP growth, which was unprecedented and the cyclically sensitive spending segments exerted not one iota of positive contribution. The difference is that this 2007-2009 cycle was double the asset deflation and triple the job loss and coupled with a credit collapse, which means that it is going to take even longer for the consumer to come back this time around; the view that we have more stimulus this time around really misses the point. The government is merely substituting for the dramatic withdrawal in private sector spending and unless the Obama team manages to implement fiscal package after fiscal package, with the obvious distorting impact on the economy, the risk that the end of the recession only manages to bring on a prolonged period of stagnation is non-trivial and is not priced into the stock market at current valuation levels." Message 25816901