NO RECESSION? Economy's growth picks up in first quarter... - Page 3 - Mercedes-Benz Forum

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post #21 of 43 (permalink) Old 07-03-2008, 09:21 AM
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How much you reckon Hank get's paid to lie like that...........
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post #22 of 43 (permalink) Old 07-03-2008, 12:00 PM
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You are more fuck up than I thought.

News jobs "magically" vanish
Posted Jul 03 2008, 10:48 AM by Todd Harrison
Filed under: Government, Jobs
Rating: The birth-death "adjustment" added 177,000 jobs to the latest report, which put the total adjustment for the year at 600,000 new jobs -- or so the government claims.

Of course, it arrived at this number through a completely flawed methodology: At the end of the year, these numbers will quietly be backed out - just as they were last year. Even given these manufactured numbers, employment decline is consistent with recession.

The government only has statistics for jobs that are lost by small businesses; it gets this information from employment insurance numbers, etc. It has no information about how many jobs are created. Thus, it makes it up.

The government just assumes that for every job lost, there's one added -- and then it adds that back to the jobs number.

This logic is flawed, to say the least.

In a recession, does it make sense that jobs would be created at the same rate at which they're lost? Of course not, but that's how government bureaucrats think and act -- just one reason we're in so much trouble.

It's not reality, but manipulation, pure and simple. If you recall, the government very quietly acknowledged that all those birth and death assumptions were false at the end of last year. No one seemed to notice this, of course.

But presto! Over a million jobs it claimed were created vanished into thin air.

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post #23 of 43 (permalink) Old 07-03-2008, 02:42 PM
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Originally Posted by elau View Post
You are more fuck up than I thought.

News jobs "magically" vanish
Posted Jul 03 2008, 10:48 AM by Todd Harrison
Filed under: Government, Jobs
Rating: The birth-death "adjustment" added 177,000 jobs to the latest report, which put the total adjustment for the year at 600,000 new jobs -- or so the government claims.

Of course, it arrived at this number through a completely flawed methodology: At the end of the year, these numbers will quietly be backed out - just as they were last year. Even given these manufactured numbers, employment decline is consistent with recession.

The government only has statistics for jobs that are lost by small businesses; it gets this information from employment insurance numbers, etc. It has no information about how many jobs are created. Thus, it makes it up.

The government just assumes that for every job lost, there's one added -- and then it adds that back to the jobs number.

This logic is flawed, to say the least.

In a recession, does it make sense that jobs would be created at the same rate at which they're lost? Of course not, but that's how government bureaucrats think and act -- just one reason we're in so much trouble.

It's not reality, but manipulation, pure and simple. If you recall, the government very quietly acknowledged that all those birth and death assumptions were false at the end of last year. No one seemed to notice this, of course.

But presto! Over a million jobs it claimed were created vanished into thin air.
I NOTICED, I NOTICED, I NOTICED!!!

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Being smart is knowing the difference, in a sticky situation between a well delivered anecdote and a well delivered antidote - bear.
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post #24 of 43 (permalink) Old 11-20-2008, 02:02 PM
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So far, the weakness has been largely confined to the housing and automotive sectors—suggesting the economy may be more resilient than it appears.

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Originally Posted by Botnst View Post
Hush, don't you know the paradigm is recession? What is wrong with you?
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Originally Posted by Jayhawk View Post
Damn! I keep forgetting... What's wrong w/ me?
^ kookberger alerts!

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address

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post #25 of 43 (permalink) Old 11-20-2008, 02:26 PM
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Originally Posted by Jayhawk July 3, 2008
US Treasury Secretary Henry Paulson said here on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars.

"I think there is a very strong possibility that we will be growing at the end of the year. We will have stronger growth at the end of the year than we have right now," Henry Paulson July 2, 2008.


Bushie has got to have the worst record in the history of politicians of picking poor and ineffective administrators.

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post #26 of 43 (permalink) Old 11-20-2008, 02:50 PM
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Citi shutters more hedge funds
by Katie Benner
Financial Times

Amid massive layoffs and losses, Citigroup (C) is also getting hammered by hedge fund declines, according to the Financial Times.

The FT says that Citi is liquidating its Corporate Special Opportunities fund, which invested mainly in debt that backed European private equity deals.

The fund was reportedly down 53% in October and has a net asset value of about $58 million and debt of about $880 million. At its peak, CSO managed about $4.2 billion. Citi tried to save the fund by supplying $450 million in credit lines and equity infusions of about $320 million. According to the newspaper, Citi told investors last month that CSO’s performance was “impacted by the fund’s leverage” after a deterioration in market conditions that “has been unprecedented and overwhelming.”

Earlier in the week, the FT reported that Citi is also unwinding a fixed-income hedge fund called Falcon. The fund had $10 billion under management at its peak, and the newspaper says that investors are likely to receive no more than 45 cents on the dollar.

People familiar with the matter told the FT that had Citi not injected a $250 million subsidy into the fund, investors might have received only half of that amount. Citi has not yet returned calls to Fortune seeking comment.

This is not the first-high profile setback for Citi’s hedge fund division. The FT reports that client assets in CAI, which houses the hedge fund division, fell 19 percent this year, from $48.7 billion at the end of 2007 to $39.4 billion at the end of September. CAI also manages $9.9 billion of Citi’s own capital.

In June, Citi shuttered Old Lane, the hedge fund founded by Citi’s chief executive Vikram Pandit. Old Lane blew up just about a year after Citi bought the fund for $800 million in a move to bring Pandit into the fold.

Recall that earlier generations faced down fascism and communism not just with missiles and tanks, but with sturdy alliances and enduring convictions. They understood that our power alone cannot protect us, nor does it entitle us to do as we please. Instead, they knew that our power grows through its prudent use; our security emanates from the justness of our cause, the force of our example, the tempering qualities of humility and restraint.

-President Barack Obama, 1st Inaugural address
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post #27 of 43 (permalink) Old 11-20-2008, 03:55 PM
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Jay,
What have you got to say to all these accusations? What's the matter, cat got your tongue?

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post #28 of 43 (permalink) Old 11-20-2008, 04:45 PM Thread Starter
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Quote:
Originally Posted by mcbear View Post
US Treasury Secretary Henry Paulson said here on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars.

"I think there is a very strong possibility that we will be growing at the end of the year. We will have stronger growth at the end of the year than we have right now," Henry Paulson July 2, 2008.


Bushie has got to have the worst record in the history of politicians of picking poor and ineffective administrators.
Hindsight is 20-20 and cheap shots and pot shots prevail from the peanut gallery--the naredowells who are not smart enough to shine Paulson's diploma. And you all just wish you had one of your own.

But then we all know you are so much smarter than Paulson and the other professionals--NOT!!

Don't believe everything you think

Last edited by Jayhawk; 11-20-2008 at 04:49 PM.
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post #29 of 43 (permalink) Old 11-20-2008, 04:48 PM Thread Starter
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Jay,
What have you got to say to all these accusations? What's the matter, cat got your tongue?
I only respond to simi-literates... (See above)

Don't believe everything you think
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post #30 of 43 (permalink) Old 11-20-2008, 04:53 PM
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Some of them already call it "Obama recession"..

Oh My Dear Lord...
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