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

To: Sr K who wrote (117493)	7/26/2012 10:01:11 AM
From: RetiredNow	Read Replies (2) \| Respond to of 149317

Good info. Thx. BTW, if we all stay focused on the forest, the real problem is that unemployment is high and remains so. In addition, with GDP growth of 1-2%, the economy simply does NOT grow fast enough to generate enough jobs to employ the new entrants into the market due to population growth! So while you guys are arguing over the technical details of recession or not, I'm telling you that this economy is deteriorating at the macro level, which means the deficits and debt will continue to spiral out of control, because labor participation rate and tax revenues will continue to plummet faster than they can cut spending or raise taxes. This is the macro picture that counts and it is what ECRI and other macro economists and posters like me have been trying to tell everyone. One last thing...in the face of that macro backdrop, do you think equities have any chance for a decent performance of the next 1-2 years? I doubt it. Even if Bernanke continues to print, stocks will eventually collapse, as fewer people own them and market forces overwhelm what small bullets Bernanke has left. We just got another VERY ugly unemployment insurance claims print. An increase of 280K claiming benefits. This is very ominous and will likely lead to another increase in the Unemployment Rate. No amount of putting lipstick on a pig can conceal that the pig stinks to high heaven. ---------------- dol.gov