Recession - Page 5 - Mercedes-Benz Forum

View Poll Results: Are we really in a recession? (Multiple Choice)
It's here, it's queer, get used to it! 4 25.00%
It's been here for months 7 43.75%
It'll be mild 2 12.50%
It'll be hell 3 18.75%
It'll be the worst one since the Great Depression 3 18.75%
It'll be WORSE than the Great Depression 1 6.25%
I'm Depressed 2 12.50%
No Recession, it's all hype. 4 25.00%
Multiple Choice Poll. Voters: 16. You may not vote on this poll

Reply
 
LinkBack Thread Tools Display Modes
post #41 of 118 (permalink) Old 01-21-2008, 12:22 PM
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by QBNCGAR View Post
^ Like he said, a fool and his money are soon parted.

.... I simply find his inability to deal with cognitive dissonance to be indicative of an exceptionally juvenile, under-developed mind.
After 65 years I'm not too concerned about that old saw.

And if you had any idea what the term cognitive dissonance really means you would have never used it, because it is a psychological term meaning a feeling of uncomfortable tension that comes from holding two conflicting thoughts in the mind at the same time. I have no uncomfortable tension because I do not have any conflicting thoughts about the U.S. economy. Where did you get your psych degree Dr. Q? Probably the same place you got your econ degree... Out of a Cracker Jack box?

Sincerely,

Dr. Jayhawk

Don't believe everything you think
Jayhawk is offline  
Sponsored Links
Advertisement
 
post #42 of 118 (permalink) Old 01-21-2008, 12:25 PM
Cruise Control
 
Zeitgeist's Avatar
 
Date registered: Sep 2004
Vehicle: '87 300TD/'90 300D/'94 Quattro/'89 Vanagon TDI/'01 EV Weekender VR6
Location: Cascadia
Posts: 51,730
Mentioned: 6 Post(s)
Quoted: 1426 Post(s)
Lifetime Premium Member
When Dr Hahvard talks, Dr Hahvard listens...to himself
Zeitgeist is offline  
post #43 of 118 (permalink) Old 01-21-2008, 12:26 PM
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by mcbear View Post
Forgetting the "dozens" issue for the moment as there are only NINE sectors, let's look at Employment. Yes, there are more people employed as there are more people but there are NOT fewer UNEMPLOYED than any time in history. In fact, there are MORE than in anytime in history. That is due to several factors. First, we have a larger population. Second, the 5% figure only counts those who are "on the books". Third, forced early retirements of many puts many folks in the "not unemployed, not employed" catagory, yet they are NOT working and being productive. So for your Employment number, yes there are more people working as there are more people in the 15-65 age range than ever before [including those 20 million illegals] but there are also more unemployed people than ever in this country's history.

Now, that Production figure. At least some of that number [Production per man hour] can be attributed to automation. So that number is skewed with automation reflecting a higher production per hour worked when it does not necessarily reflect a higher production.

And it is not true that "as long as employment and production are high the economy will continue to grow". There are many examples where that model does not work as the number of other factors are near limitless that effect the economy's ability to function healthily
My, but you do go on...

Don't believe everything you think

Last edited by Jayhawk; 01-21-2008 at 12:53 PM.
Jayhawk is offline  
post #44 of 118 (permalink) Old 01-21-2008, 12:27 PM
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Botnst View Post
How is it possible to count anybody who is not "on the books"?
Don't get logical when he gets defensive...

Don't believe everything you think
Jayhawk is offline  
post #45 of 118 (permalink) Old 01-21-2008, 12:56 PM
BenzWorld Elite
 
Date registered: Sep 2004
Vehicle: 95 E300
Location: Inside my head
Posts: 36,850
Mentioned: 0 Post(s)
Quoted: 392 Post(s)
Quote:
Originally Posted by Jayhawk View Post
Don't get logical when he gets defensive...
Counting something for which there is no record sounds sort of Billy Sol Estes or ENRON-ish.

B

The biggest problems we are facing right now have to do with George Bush trying to bring more and more power into the executive branch and not go through Congress at all and thatís what I intend to reverse.

~ Senator Barack H. Obama
Botnst is offline  
post #46 of 118 (permalink) Old 01-21-2008, 12:59 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
As of right now the WORLD markets are down 5-7% today. That on top of last weeks loses point to a very strong indicator that they do not have any faith that the Bush Economic Plan can right the US Economy.

Even the US Markets, which usually bump UP with comments from the FED or Prez both TANKED during the middle of both their comments last week. NOBODY has faith in the Economic Team that is piloting this ship. It has FAILED and there is ample PROOF of the failure.

The NYSE futures are already DOWN 350 for tomorrow. IF the Dow follows the world markets and goes down 5%, that is 600 points. We have already erased all of last year's meager gains.

When Bush took office 1/21/01 here were the numbers and today' numbers 1/21/08. Happy 7th Anniversary!

DOW 10,588____12099
NAS 2,770____2340
S&P 1,343____1325
GAS $1.45_____$3.01 [2001 data from DOE]
OIL $28.30____$88.64 [2001 data from DOE]
NDebt $4.6T___$9.4T [before bailouts for Financial sector]
TDefc$370B____$712B [12mo trailing Trade Deficits - Bush cumulative $5T]

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #47 of 118 (permalink) Old 01-21-2008, 01:02 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Botnst View Post
How is it possible to count anybody who is not "on the books"?
Because they are not on the employment/unemployment books does not mean they don't exist. I believe we have the Census for that.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #48 of 118 (permalink) Old 01-21-2008, 01:10 PM
BenzWorld Elite
 
mcbear's Avatar
 
Date registered: Apr 2004
Vehicle: E500Es
Location: The BlueGrass State
Posts: 29,579
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Jayhawk View Post
My, but you do go on...
Yes, sometimes it takes several words to explain the talking points that came wandering through from the WH or Rush or whoever uttered simpleton phrases that made "Dozens of sectors but employment and production quickly come to mind" trickle out without any sort of substantive support, backup or logic.

1.2 million people working for near minimum wage at walmart does NOT constitute "full employment". It constitutes "hanging on by a thread". There is a knife quickly heading toward that thread.

McBear,
Kentucky

Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
mcbear is offline  
post #49 of 118 (permalink) Old 01-21-2008, 01:15 PM
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by Botnst View Post
Counting something for which there is no record sounds sort of Billy Sol Estes or ENRON-ish.

B
"Billy Sol Estes..." Now there's a name I haven't heard in 50 years! Maybe we should have our very own "mcbear sol estes" and charge him w/ fraud too! Whatathink?

Don't believe everything you think
Jayhawk is offline  
post #50 of 118 (permalink) Old 01-21-2008, 01:17 PM
BenzWorld Elite
 
Jayhawk's Avatar
 
Date registered: Aug 2005
Vehicle: S500/W220/2000
Location: Lawrence, KS (USA)
Posts: 21,652
Mentioned: 0 Post(s)
Quoted: 3 Post(s)
Quote:
Originally Posted by mcbear View Post
As of right now the WORLD markets are down 5-7% today. That on top of last weeks loses point to a very strong indicator that they do not have any faith that the Bush Economic Plan can right the US Economy.

Even the US Markets, which usually bump UP with comments from the FED or Prez both TANKED during the middle of both their comments last week. NOBODY has faith in the Economic Team that is piloting this ship. It has FAILED and there is ample PROOF of the failure.

The NYSE futures are already DOWN 350 for tomorrow. IF the Dow follows the world markets and goes down 5%, that is 600 points. We have already erased all of last year's meager gains.

When Bush took office 1/21/01 here were the numbers and today' numbers 1/21/08. Happy 7th Anniversary!

DOW 10,588____12099
NAS 2,770____2340
S&P 1,343____1325
GAS $1.45_____$3.01 [2001 data from DOE]
OIL $28.30____$88.64 [2001 data from DOE]
NDebt $4.6T___$9.4T [before bailouts for Financial sector]
TDefc$370B____$712B [12mo trailing Trade Deficits - Bush cumulative $5T]
He said w/ apparent glee...

Don't believe everything you think
Jayhawk is offline  
Sponsored Links
Advertisement
 
Reply

  Mercedes-Benz Forum > General Mercedes-Benz Forums > Off-Topic

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the Mercedes-Benz Forum forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.

User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in











  • Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
     
    Thread Tools
    Show Printable Version Show Printable Version
    Email this Page Email this Page
    Display Modes
    Linear Mode Linear Mode



    Similar Threads
    Topic Author Forum Replies Last Post
    Pat Robertson predicts U.S. recession Jakarta Expat Off-Topic 18 01-04-2008 05:11 AM
    Talk of Worst Recession Since the 1930s Jakarta Expat Off-Topic 44 11-14-2007 12:34 AM
    U.S. "undoubtedly in recession": Jim Rogers Jakarta Expat Off-Topic 12 10-27-2007 12:42 AM
    Has the next recession already started now that Katrina arrived? firstmb Off-Topic 1 11-05-2005 07:48 PM

    Posting Rules  
    You may post new threads
    You may post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are On
    [IMG] code is On
    HTML code is Off
    Trackbacks are On
    Pingbacks are On
    Refbacks are On

     

    Title goes here

    close
    video goes here
    description goes here. Read Full Story
    For the best viewing experience please update your browser to Google Chrome