More Great Economic News

i think she is the one who brought him up

 

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And why do you think that pjdude? It couldn't have anything to do with the fact that you have a very blatant bias against sandy, could it? Because it certainly doesn't have anything to do with the fact that kmguru is actually the one who brought him up, something easily verified by searching this thread for obama.

 

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Possibly, I'm not denying that. Nor am I denying that you have every right to continue discussing Obama in this thread. I'm just against the notion that sandy wanting to discuss Obama in a different thread is some sort of admission of cowardice.

 

Heh, if you think I'm enjoying the fact that our economy is in the shitter and there are still people who haven't realized that yet, I promise you you're dead wrong.

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I get what you're saying too, but at the same time I would only accuse someone of that if it were a lengthy conversation. Say an exchange of 10-20 posts and then one of the parties involved wants to just up and leave. This was much much smaller, wherein you mentioned Obama, she argued against him, and you responded. That was it. Her then wanting to move to another thread because she felt the discussion was off topic is believable.

 

I thought he was spending like .03% of the budget on education....

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Awwwwwwww!!!! Poor rich......!!!

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:bawl:

 

You are silly! The economy is doing great! Look at all the people going to food banks, begging for money and losing their houses!!

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If true that Obama would pull out of Iraq, he would just be following the wise decision of President Regan.

Remember when those "evil Muslim terrorists" killed many GIs sleeping in their barracks in Lebanon? Regan had the good sense to promptly "cut our losses and pull out."

The terrorists wanted US out of their country, as they do now in Iraq. When they got that, they had no reason to try to invade or destroy the USA. So they did not come to USA. The longer we stay in Iraq, the larger the terrorist become - Occupation helps recruitment, almost as much as bombing wedding parties does. (Tradition dies hard. Iraq's wedding parties celebrate by shooting guns into the air, which US planes mistake as hostile fire sometimes.)

They got what their wanted: Their country free of US domination. Then they went to work on Syria for the same reason and drove the Syrians out also.

Now they are trying to build a functional democracy, but it is hard as some of their people also want to help the Palestinians get control of their lands from Israel. (Many Palestinians driven from their home by Israel are now held in camps in Lebanon. They would leave also if it were safe. I.e. if Israel stopped the collective punishment of innocent Palestinian for the crimes of a few.)

I thought you liked Regan's policy of recognizing that the US should not try to occupy and control someone else's land. If Obama were to adopt Regan’s policy in Iraq, would that not be “good news”? :shrug:

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If you had purchased $1000.00 of Nortel stock one year ago, it would
now be worth $49.00

With Enron, you would have $16.50 left of the original $1000. With



WorldCom, you would have less than $5.00 left.

If you had purchased $1000.00 of Delta Air Lines stock you would have $49.00 left.

If you had purchased United Airlines, you would have nothing left.

But, if you had purchased $1000.00 worth of beer one year ago, drank
all the beer, then turned in the cans for the aluminum recycling refund you would have $214.00.

Based on the above, the best current investment a dvice is to drink
heavily and recycle.

This is called the 401-Keg Plan.

 

Toyota Beats General Motors in Global Vehicle Production:

Toyota may have fallen short of GM in global vehicle sales last year, but it's ahead on global vehicle production.

http://www.foxbusiness.com/markets/...otors-global-vehicle-production_453165_8.html

When do you think people are going to realize/admit that most of the blame is the stupid/pathtetic auto worker's unions.

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Thats awful. This will hit the small investors, hard.

 

i am not biased against sandy i am biased against people who act like they don't think for them selves

 

No. Unions are there for power and control. The workers don't need union "protection". Unions are just big extortionists imo. We should do away with all of them. But democrats love unions, and unions love democrats. About 95% of all union political donations in this country go to democrats.

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you need to study history more. ever hear of the robber barons?

 

"Wessel replied that Japan held 552 billion in US government bonds, China 189 billion, Taiwan 65 billion, United Kingdom 45 billion, South Korea 43 and Germany 42 billion. "In all, foreigners held about $1.9 trillion in US government debt," observed Wessel. But he also noted, "US businesses, governments and banks had borrowed a whopping $8.36 trillion from foreigners." Call me a naive old hippie, but that seems like a whole lot of bread. "


"Trading online makes losing easier. Another study by Professors Odean and Barber showed that investors lost more when they traded online because more trading resulted in more mistakes and losses. When trading through a traditional broker, they were beating the market by 2%. But after they started investing with online discounters they were trailing the market by 3%. We take more risks online, and lose more as a result.

Even winning traders are losers. Trading is not the get-rich-quick scheme financial newsletters and trading-system gurus want you to believe. One study conducted in 2000 by the North American Securities Administration Association found that 77% of day traders lose money. The "winners" total take averaged a paltry $22,000 over eight months."

http://online.wsj.com/public/article/0,,SB111792616928351029,00.html?mod=sunday_journal_primary_hs



II. An Overview Of Oil Prices In Various Currencies

Oil prices are at record levels only in dollar terms, but not in other currencies. Figure 1 illustrates the trend in daily oil prices in US dollars and euros since the introduction of the latter in 1999. It shows that while oil prices in dollars are near record levels, oil prices in euro are almost 25% lower than those that prevailed in the summer of 2000. Oil prices in dollars have been increasing since November 2003, while those in euros started to increase a few months later, in February 2004. However, oil prices in dollars have increased by 54%, while those in euros have increased by only 31%.



The euro replaced most major European currencies at the end of 2001. The only major world currency to have survived the euro is the UK sterling. Figure 2 illustrates the monthly trend in oil prices in US dollars and sterling since 1973. Although oil prices in sterling are not indicative of major changes in Europe in the last three decades, the figure shows that while US oil prices are near record, the UK’s oil prices are still well below the record of 1984. The current size of the gap between oil prices in dollars and those in sterling is the first since 1982.



Oil prices in Japanese yen are still low by historical standards as shown in Figure 3. This shows that while US oil prices are near to record levels, those in Japan are less than half the prices that prevailed between 1980 and 1982. They are also less than the prices between 1982 and 1985 and equal to the 1976 oil prices.


Dollar depreciation reduces activities in upstream through different channels including increased cost, higher inflation rates, lower purchasing power, and lower return on investment. Dollar devaluation increases oil demand in countries with appreciated currencies because of an increase in purchasing power. It also increases the demand for gasoline in the US as Americans spend their summer vacations driving in the US. Large dollar devaluation reduces the supply of oil and increases the demand for oil. Therefore, oil prices will stay high for a longer period than analysts expect.



Three more conclusions are relevant to future research. Studies that focus on the elasticity of demand for oil must use oil prices denominated in national currencies, not in US dollars. Studies that focus on the relationship between energy prices and economic growth must use oil prices denominated in national currencies, not in US dollars. Finally, exchange rates may explain several issues in international energy markets that researchers have been not able to determine or agree on.


http://www.mees.com/postedarticles/oped/a47n33d01.htm

 

Even more great economic news expected today. Wall Street pointed toward a modestly higher opening ahead of the Fed's 2-day meeting, where investors believe the central bank will lower interest rates by at least a quarter point.:bravo:

The Commerce Department is expected to report an increase in December durable goods orders.

 

Sure enough. More GREAT economic news. In fact, so great, the Fed may not cut the interest rate again.

Orders of durable goods in December rose by 5.2% -- much larger than the 1.8% economists were looking for and making it the biggest jump since July. :bravo:

Lyle Gramley, a former voting member of FOMC, said the durable goods number is so strong that the Fed may not cut interest rates by more than 0.25% -- if at all.

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"OUR ECONOMY IS NOT IN A RECESSION NOR IS IT ON THE BRINK OF RECESSION" , Gramely told FOX Business correspondent Adam Shapiro. :yay:

The market likely won’t respond favorably if the Fed announces tomorrow it is holding the interest rates at the current levels.

http://www.foxbusiness.com/markets/article/stocks-mixed-earninsg-surge-durable-goods_454461_2.html

 

why don't you link to a credible business channel