Vegas Free-for-All - Stock market????

Stock market????

jatki

Nov 2, 2013
6:13pm

Quote

Originally posted by: forkushV

Quote
Originally posted by: DonDiego
Quote
Originally posted by: forkushV
When you have two competing theories that make exactly the same predictions, the simpler one is the better (Occam's Razor):

Corporate profits and corporate margins are at an all-time high.

DonDiego doesn't understand.

What is it that forkushV is predicting?
And what is simpler than what?

The simplest and most obvious predictor of equity values is the profitability of corporations.

Really? They should have you as guest on CNBC Forkie

J

hoops2

Nov 2, 2013
9:03pm

Block User

The S&P p/e ratio is at the higher end of it's historical average, which indicates a potential decline.

The importance of the QE to stock prices is shown, by every time the Fed indicates a tightening of the policy, the market declines.

pjstroh

Nov 2, 2013
10:14pm

Block User

We are a consumer based economy. corporations are making record profits but paying their workers ( the US consumers) record low income packages.

You could easily get rid of QE by legislating job growth packages in Congress...like every recession in the last 100 years. But then again those administrations didnt have to deal with a tea-party that openly brags about laying off a million people in a govt shutdown.... And refer to public infrastructure as waste....and think that the words "austerity" and "growth" are synonymous..

Its a shame the FED has the entire burden of addressing the economy on their shoulders while the Congress has done absolutely nothing sine 2010 except take money out of the economy and vote 40 times to kill a law they dont like.

hoops2

Nov 2, 2013
11:53pm

Block User

Let's look at some Obama examples of micromanaging the economy.

Pass the stimulus and unemployment will not go over 8%. Instead it took almost 4 years to get back under 8% and at 7+% still above the historical average. Meanwhile the employed adult rate is at lows.

And then there is obamacare

jphelan

Nov 3, 2013
1:08am

Block User

The government cannot stimulate the economy in the long term through hiring government jobs --- all that does is create long term debt (sound familiar?). In the meantime this just creates more government fraud and waste (sound familiar?).

Private sector growth is the best way to benefit the most people in the long term. However, most people don't "get it" and hand-outs are usually much more successful to getting elected / re-elected.

jatki

Nov 3, 2013
3:49am

Block User

Quote

Originally posted by: pjstroh
We are a consumer based economy. corporations are making record profits but paying their workers ( the US consumers) record low income packages.

You could easily get rid of QE by legislating job growth packages in Congress...like every recession in the last 100 years. But then again those administrations didnt have to deal with a tea-party that openly brags about laying off a million people in a govt shutdown.... And refer to public infrastructure as waste....and think that the words "austerity" and "growth" are synonymous..

Its a shame the FED has the entire burden of addressing the economy on their shoulders while the Congress has done absolutely nothing sine 2010 except take money out of the economy and vote 40 times to kill a law they dont like.

Job growth packages? You mean similar to to the hundreds of billions spent on all those "shovel ready" jobs? A lot of good that did, the man himself said
After trumpeting shovel-ready projects as the bedrock of his stimulus plan, President Obama admitted famously that “there’s no such thing.”
or is there another package you're referring to?

J

forkushV

Nov 3, 2013
10:25am

Block User

Quote

Originally posted by: jatki99

Quote
Originally posted by: pjstroh
We are a consumer based economy. corporations are making record profits but paying their workers ( the US consumers) record low income packages.

You could easily get rid of QE by legislating job growth packages in Congress...like every recession in the last 100 years. But then again those administrations didnt have to deal with a tea-party that openly brags about laying off a million people in a govt shutdown.... And refer to public infrastructure as waste....and think that the words "austerity" and "growth" are synonymous..

Its a shame the FED has the entire burden of addressing the economy on their shoulders while the Congress has done absolutely nothing sine 2010 except take money out of the economy and vote 40 times to kill a law they dont like.

Job growth packages? You mean similar to...

Similar to FDR in 1933. Or Reagan in 1982.

pjstroh

Nov 3, 2013
9:04pm

Block User

Quote

Originally posted by: jatki99

Quote
Originally posted by: pjstroh
We are a consumer based economy. corporations are making record profits but paying their workers ( the US consumers) record low income packages.

You could easily get rid of QE by legislating job growth packages in Congress...like every recession in the last 100 years. But then again those administrations didnt have to deal with a tea-party that openly brags about laying off a million people in a govt shutdown.... And refer to public infrastructure as waste....and think that the words "austerity" and "growth" are synonymous..

Its a shame the FED has the entire burden of addressing the economy on their shoulders while the Congress has done absolutely nothing sine 2010 except take money out of the economy and vote 40 times to kill a law they dont like.

No, jatki, you picked the right one. Its ths same act the CBO said created over 3 million jobs. Help me out. How many jobs has the 40 votes to kill Obamacare created. And do you know of any other Bills the Boehner Congress has passed to improve the economy?

hoops2

Nov 3, 2013
9:56pm

Block User

obamanomics

1) Less people working today than when obama took office
2) Longest period of 7+% unemployment since Roosevelt
3) Longest period of 14% U6 rate since they started keeping this stat
4) Lowest rate of adult unemployment in over 30 years

jatki

Nov 4, 2013
12:52am

Block User

Quote

Originally posted by: pjstroh

Quote
Originally posted by: jatki99
Quote
Originally posted by: pjstroh

Job growth packages? You mean similar to to the hundreds of billions spent on all those "shovel ready" jobs? A lot of good that did, the man himself said
After trumpeting shovel-ready projects as the bedrock of his stimulus plan, President Obama admitted famously that “there’s no such thing.”
or is there another package you're referring to?

J

No, jatki, you picked the right one. Its ths same act the CBO said created over 3 million jobs. Help me out. How many jobs has the 40 votes to kill Obamacare created. And do you know of any other Bills the Boehner Congress has passed to improve the economy?

I believe the bulk of those three mil jobs were in the auto and and ancillary job market that the 24.9B bailout that was afforded the big 3, the only bailout that I didn't have much of a problem with at all. Not too shabby of a ROI, govt spending wise. That begs the question, what of the rest of the 700+ Billion that was spent? Wherea re all the jobs that money created?

I guess this is just where we differ PJ, you somehow think that a govt. that is already 17+Trillion and climbing in debt should just keeping throwing money at the job creation wall and hope a few dollars stick. I think it's incredibly wasteful and naive thinking that that more money for any "shovel ready" jobs (pick whatever term you like) would be money well spent right now. Isn't this govt. so obscenely over bloated enough right now?

J

BTW we're not addressing about the other ails of congress right now, it's a deflection of the topic at hand.

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