Fuck you, asshole!

http://money.cnn.com/2010/09/20/news/economy/recession_over/index.htm?hpt=T1&iref=BN1

I was right, you were wrong. Suck my motherfucking balls!

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

Whew! Glad that's over!

Uh yeah .. technicalities are nice, but the reality is the recession is still on-going for a lot of folks.

...Double-dip recessions are relative rare. The last one occurred in the United States when the 1980 recession was followed by another in 1981-82. The NBER waited until July 1981 to declare the end of the 1980 recession, which turned out to be the same month that it eventually determined the next recession had begun....

If they end up declaring that the double-dip recession really started a month or two after this one ended, or that the stimulus just stretched it out until now with no real growth, the end result is, or will be the same as if the recession never 'technically' ended.

I know we are still cutting back on expenses as I imagine so is everyone else other than the ultra-rich folks. So I would not be crowing that tune, not even in a sarcastic jest - it just makes you look even more the putz when folks continue to lose jobs.

If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University



Edited 1 time(s). Last edit at 09/20/2010 11:30AM by Registered Voter.

WashingTone-Locian Wrote:
-------------------------------------------------------
> Fuck you, asshole!
>
> http://money.cnn.com/2010/09/20/news/economy/reces
> sion_over/index.htm?hpt=T1&iref=BN1
>
> I was right, you were wrong. Suck my motherfucking
> balls!

Gotta love recession ends with 9.5 9.6 percent unemployment....



Edited 1 time(s). Last edit at 09/20/2010 11:44AM by ITRADE.

ITRADE Wrote:
-------------------------------------------------------

>
> Gotta love recession ends with 9.5 9.6 percent
> unemployment....


You mean, like the Reagan Recession did?



---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

see more Gifs

WashingTone-Locian Wrote:
-------------------------------------------------------
> Fuck you, asshole!
>
> http://money.cnn.com/2010/09/20/news/economy/reces
> sion_over/index.htm?hpt=T1&iref=BN1
>
> I was right, you were wrong. Suck my motherfucking
> balls!

Registered Voter Wrote:
-------------------------------------------------------
> Uh yeah .. technicalities are nice, but the
> reality is the recession is still on-going for a
> lot of folks.


True. But the "Great Recession" is over. That was my original statement.

>
> ...Double-dip recessions are relative rare. The
> last one occurred in the United States when the
> 1980 recession was followed by another in 1981-82.
> The NBER waited until July 1981 to declare the end
> of the 1980 recession, which turned out to be the
> same month that it eventually determined the next
> recession had begun....
>

NBER was the source cited by others here. It's convenient, I guess, to discount them now that they are declaring the recession over.

> If they end up declaring that the double-dip
> recession really started a month or two after this
> one ended, or that the stimulus just stretched it
> out until now with no real growth, the end result
> is, or will be the same as if the recession never
> 'technically' ended.
>

You should read the NBER statement. They address that issue.

> I know we are still cutting back on expenses as I
> imagine so is everyone else other than the
> ultra-rich folks. So I would not be crowing that
> tune, not even in a sarcastic jest - it just makes
> you look even more the putz when folks continue to
> lose jobs.


The most recent jobs data shows the private sector isn't cutting back and is beginning to add jobs.

Sorry you folks can't stomach the fact that I called it. But I called it.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

WashingTone-Locian Wrote:
-------------------------------------------------------
> ITRADE Wrote:
> --------------------------------------------------
> -----
>
> >
> > Gotta love recession ends with 9.5 9.6 percent
> > unemployment....
>
>
> You mean, like the Reagan Recession did?
>
>

How do you have negative unemployment?

Now that it is over, I can finally afford to see that new Blood Sport tribute band:


see more

Shit - I just was about to cut and past the link here. Kudos for being on top of that.

That being said, the recession may be technically over but a lot of people are hurting. It's sort of like the debate if we were going into a recession right before the bottom fell the fuck out. It didn't feel like it, but with hindsight we were.

__________________________________
That's not a ladybug, that's a cannapiller.

WashingTone-Locian Wrote:
-------------------------------------------------------
> Fuck you, asshole!
>
> http://money.cnn.com/2010/09/20/news/economy/reces
> sion_over/index.htm?hpt=T1&iref=BN1
>
> I was right, you were wrong. Suck my motherfucking
> balls!


NEW YORK (CNNMoney.com) -- The Great Recession ended in June 2009, according to the body charged with dating when economic downturns begin and end.


SON OF A BITCH!How the hell did I miss that?
Whats been happening since June ,2009? .. For crying out freeking loud! You people are going to have to try a little harder to keep me informed. Here I've been raving like a lunatic against Keynesian economics for over a year and now I get hit with this bombshell? Sittin' here with egg on my face and shit. Thanks a lot guys.

As long as these aren't the same "economic experts" whose expectations are surprised every week when whatever numbers are released I'm good.



Edited 1 time(s). Last edit at 09/20/2010 12:16PM by mcsmack.

The economy, like beer and eggs, will be bad again next week.

--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.

MrMephisto Wrote:
-------------------------------------------------------
> The economy, like beer and eggs, will be bad again
> next week.


That may be, but aren't they suppose to be saving all this info for late October?

mcsmack Wrote:
-------------------------------------------------------
> MrMephisto Wrote:
> --------------------------------------------------
> -----
> > The economy, like beer and eggs, will be bad
> again
> > next week.
>
>
> That may be, but aren't they suppose to be saving
> all this info for late October?

No, because it will be better again by then.

--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.

While Republicans are praying for a deeper recession and economic failure, the fact is the economy is slowly recovering from the Bush years.

I wouldn't say we are out of the woods be a long shot. Bush did severe damage to the economy by letting it run wild and deregulating. Foreign investors are now very skeptical about investing in US mortgages, bank securities etc... The US government can't keep proping up the economy by throwing cash out for jobs, even military jobs and saving the economy by starting a war is outdated.

Obama needs to show investors that US markets are solid and back on track. That's not going to be easy with so many mortgages still defaulting and banks having to write off losses.

The US best hope is to gain technology advantages back, maybe clean fuel technology for other countries.

I'd give the US economy at least two years before there is good turn around.

When Obama took office in early 2009, the economy and financial markets were in virtual free-fall. By summer, they were not. Only a rabid partisan can think that Obama's policies had nothing to do with the reversal. His forcefulness helped calmed the prevailing hysteria.

The process was messy, and, although many details can be questioned, the overall impact was huge. Without government's aggressive response, gross domestic product would have dropped 12 percent instead of 4 percent and 16.6 million jobs would have been lost instead of 8.4 million, estimate economists Alan Blinder of Princeton and Mark Zandi of Moody's Analytics. Unemployment would have hit 16 percent. These numbers, too, can be disputed (they seem high to me), but the direction is certainly correct.

Up to a point, blaming Obama for the sluggish recovery is also unfair. Millions of Americans were over-borrowed. Paying down debts was bound to crimp the $10 trillion of annual consumer spending. Could anyone have realistically neutralized this? Nope. Nor could the housing collapse be quickly reversed. The right's sweeping indictment of Obama is wildly exaggerated.


http://www.washingtonpost.com/wp-dyn/content/article/2010/09/19/AR2010091902899.html

mcsmack Wrote:
> Here I've been raving like a lunatic against
> Keynesian economics for over a year and now I get
> hit with this bombshell? Sittin' here with egg on
> my face and shit. Thanks a lot guys.
>

Lopter54 Wrote:
-------------------------------------------------------
> Bush did severe damage to the economy by
> letting it run wild and deregulating.

Which aspects of the economy did Bush deregulate?

Capt. Obvious Wrote:
-------------------------------------------------------
> Lopter54 Wrote:
> --------------------------------------------------
> -----
> > Bush did severe damage to the economy by
> > letting it run wild and deregulating.
>
> Which aspects of the economy did Bush deregulate?

For starters the Banking industry with three bills, I can't name all of them right now and don't have time to google. Off the top of my head the Sarbanes Act to start with, then mortgage reform and corporate financing under the SEC(Enron) to banks.

Lopter49 Wrote:
-------------------------------------------------------
> Capt. Obvious Wrote:
> --------------------------------------------------
> -----
> > Lopter54 Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Bush did severe damage to the economy by
> > > letting it run wild and deregulating.
> >
> > Which aspects of the economy did Bush
> deregulate?
>
> For starters the Banking industry with three
> bills, I can't name all of them right now and
> don't have time to google. Off the top of my head
> the Sarbanes Act to start with, then mortgage
> reform and corporate financing under the
> SEC(Enron) to banks.

I think you mean Sarbanes Oxley. And, you are contending that Sarbanes Oxley was an act of DEREGULATION? You sure about that? Still waiting for an actual deregulation policy implemented by Bush, do you have one?

Lopter54 Wrote:
-------------------------------------------------------
> Bush did severe damage to the economy by
> letting it run wild and deregulating.

Please supply references for the above. What did he "let run wild" and what did he deregulate? Demokrats deregulated mortgage underwriting so people could steal houses, Bush had nothing to do with what Chris Dodd and Chuck Schumer hatched.

edit: I agree with above, if you thing SarBox _DE_regulated, you have to be a complete idiot.

------------------------------------

twitter @EyeAmU



Edited 1 time(s). Last edit at 09/20/2010 01:24PM by conVince.

Lopter49 Wrote:
-------------------------------------------------------
> Capt. Obvious Wrote:
> --------------------------------------------------
> -----
> > Lopter54 Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Bush did severe damage to the economy by
> > > letting it run wild and deregulating.
> >
> > Which aspects of the economy did Bush
> deregulate?
>
> For starters the Banking industry with three
> bills, I can't name all of them right now and
> don't have time to google. Off the top of my head
> the Sarbanes Act to start with, then mortgage
> reform and corporate financing under the
> SEC(Enron) to banks.

Ummm...Are you really that stupid? Sarbanes Oxley? Deregulation.

Good lord.

Ask Phil Gramm. He knows something about deregulation.

Between 1995 and 2000, Gramm was the chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs. During that time he spearheaded efforts to pass banking deregulation laws, including the landmark Gramm-Leach-Bliley Act in 1999, which removed Depression-era laws separating banking, insurance and brokerage activities.

In its 2008 coverage of the financial crisis, The Washington Post named Gramm one of seven "Key Players In the Battle Over Regulating Derivatives", for having "[p]ushed through several major bills to deregulate the banking and investment industries, including the 1999 Gramm-Leach-Bliley act that brought down the walls separating the commercial banking, investment and insurance industries".

2008 Nobel Laureate in Economics Paul Krugman, a supporter of Barack Obama and former President Clinton, described Gramm during the 2008 presidential race as "the high priest of deregulation," and has listed him as the number two person responsible for the economic crisis of 2008 behind only Alan Greenspan. On October 14, 2008, CNN ranked Gramm number seven in its list of the 10 individuals most responsible for the current economic crisis.

In January 2009 Guardian City editor Julia Finch identified Gramm as one of twenty-five people who were at the heart of the financial meltdown. Time included Gramm in its list of the top 25 people to blame for the economic crisis.

wiki Wrote:
-------------------------------------------------------
> Ask Phil Gramm. He knows something about
> deregulation.
>
> Between 1995 and 2000, Gramm was the chairman of
> the U.S. Senate Committee on Banking, Housing, and
> Urban Affairs. During that time he spearheaded
> efforts to pass banking deregulation laws,
> including the landmark Gramm-Leach-Bliley Act in
> 1999, which removed Depression-era laws separating
> banking, insurance and brokerage activities.
>
> In its 2008 coverage of the financial crisis, The
> Washington Post named Gramm one of seven "Key
> Players In the Battle Over Regulating
> Derivatives", for having "ushed through several
> major bills to deregulate the banking and
> investment industries, including the 1999
> Gramm-Leach-Bliley act that brought down the walls
> separating the commercial banking, investment and
> insurance industries".

Gramm-Leach-Bliley - 1999; Bush Presidency begins - 2001

Still waiting for an act of Bush Deregulation.

Also, speaking of Gramm-Leach-Bliley, Who said the following about the bill?

"The future of America's dominance as the financial center of the world is at stake. This bill is vital for the future of our country. If we didn't pass this bill, we could find London or Frankfurt or years down the road Shanghai becoming the financial capital of the world. That has grave implications for all of America, where financial services are one of the areas where jobs are growing the most quickly, where our technology is way ahead of everyone else, where our capital dominates the world. And it would be a shame if because Congress has been unable to act that all those advantages were frittered away as they well could be in a global world by our failure to realize the problems that our existing antiquated laws cause us."



>
> 2008 Nobel Laureate in Economics Paul Krugman, a
> supporter of Barack Obama and former President
> Clinton, described Gramm during the 2008
> presidential race as "the high priest of
> deregulation," and has listed him as the number
> two person responsible for the economic crisis of
> 2008 behind only Alan Greenspan. On October 14,
> 2008, CNN ranked Gramm number seven in its list of
> the 10 individuals most responsible for the
> current economic crisis.

Yet, Clinton signed the bill and has asserted it had nothing to do with the meltdown. Also, Jim Leach, yes the Leach in the name of the bill, supported Obama.



Edited 1 time(s). Last edit at 09/20/2010 01:54PM by Capt. Obvious.

True or False:

Over the last 3 decades, Republicans overwhelmingly support deregulation of the financial services industry.

True or False:

Today, Republicans overwhelmingly support deregulation of the financial services industry.

true or false Wrote:
-------------------------------------------------------
> True or False:
>
> Over the last 3 decades, Republicans
> overwhelmingly support deregulation of the
> financial services industry.
>
> True or False:
>
> Today, Republicans overwhelmingly support
> deregulation of the financial services industry.

True or False, Lopter is refusing to answer the questions posed to him?

Capt. Obvious Wrote:
-------------------------------------------------------
> true or false Wrote:
> --------------------------------------------------
> -----
> > True or False:
> >
> > Over the last 3 decades, Republicans
> > overwhelmingly support deregulation of the
> > financial services industry.
> >
> > True or False:
> >
> > Today, Republicans overwhelmingly support
> > deregulation of the financial services
> industry.
>
> True or False, Lopter is refusing to answer the
> questions posed to him?

True - Lopter never answers a question, especially when he throws such absolute baseless BS out as 'facts'.

Pro-business types always support deregulation - but it was the Democrats who pushed for LACK of regulation of the housing markets to line their pockets. Sadly the regulations already existed, but members of Congress (Dodd/Frank *cough*) made it a point to have their friends ignore the regulations being circumvented. This wasn't a case of a lack of regulations - they already existed - the majority of this mess falls squarely in the lack of regulators enforcing those regulations. That crosses ALL political boundaries, but largely sits in the Democrats corner.

If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University

http://www.fairfaxunderground.com/forum/read/40/230050/230050.html#msg-230050

http://www.fairfaxunderground.com/forum/read/40/167334/167334.html#msg-167334

I'm sure anyone following your advice in those threads wants to punch you in the balls, not lick them.

No offense WTL but you have not proven to be a very reliable source for financial advice. If you said the recession ended then (I don't have time to hunt through the forum history for it, you should have linked it) it was a coincidence, not that you had any worthwhile analysis behind it.

ITRADE Wrote:
-------------------------------------------------------
>
> Ummm...Are you really that stupid? Sarbanes
> Oxley? Deregulation.
>
> Good lord.


Apparently so.

lol, what a moron.

forumreader Wrote:
-------------------------------------------------------
> http://www.fairfaxunderground.com/forum/read/40/23
> 0050/230050.html#msg-230050
>
> http://www.fairfaxunderground.com/forum/read/40/16
> 7334/167334.html#msg-167334
>
> I'm sure anyone following your advice in those
> threads wants to punch you in the balls, not lick
> them.
>
> No offense WTL but you have not proven to be a
> very reliable source for financial advice. If you
> said the recession ended then (I don't have time
> to hunt through the forum history for it, you
> should have linked it) it was a coincidence, not
> that you had any worthwhile analysis behind it.




If you waited a year to buy a home in Northern VA, you may have paid 10 percent more than what you would have when I gave that advice.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

Makes NO difference. Plus paying ten percent more for
a home in Virigina does NOT mean we are out of the recession.

But it is cute how your negro-messiah takes office, and with
no valid reasons to substantiate your assertion, you state that
supposedly the recession just melted away and nobody noticed.

WHAT A GOD DAMNED FOOL YOU ARE WashingTone-Locian.


.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

Troll@AOL Wrote:
-------------------------------------------------------
> Makes NO difference. Plus paying ten percent more
> for a home in Virigina does NOT mean we are out of
> the recession.
>

Actually, it kind of does. It's one indicator, anyway.

> But it is cute how your negro-messiah takes
> office, and with no reasons to substantiate your
> assertion, you state that supposedly the recession
> just melted away and nobody noticed.
>

Only NBER, which determines these things.

> WHAT A GOD DAMNED FOOL YOU ARE
> WashingTone-Locian.
>
>
> .

Now you sound like Jeremiah Wright.

EDIT: By the way. You are violating the third commandment. See you in Hell.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm



Edited 1 time(s). Last edit at 09/20/2010 04:36PM by WashingTone-Locian.

ANOTHER God damned fool, an un-patriotic RACIST one.

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

Troll@AOL Wrote:
-------------------------------------------------------
> ANOTHER God damned fool, an un-patriotic one.
>
> .


Another violation of God's word. Some Christian you are.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

While I do lean more on the side of those who think WTL FAIL is a gigantic douche, I don't agree that the recession is over. As far as I'm concerned, the recession is over only when 2 of the below 3 items are true.

1. When the number of positive news articles about the economy start to outnumber the number of "OMFG, the market is going to DIE!!!!" news articles.
2. When housing prices stabilize for at least a year.
3. When unemployment goes down by at least 2% and stays there for 3 months.

To date, none of that shit has happened. This news story is nothing but a play by the democrats to not get kicked out of office in upcoming elections. It's nothing of substance.

i wonder if those on the side of the douche wtl fail (ie: wingnut, packleader, troll, capt. obv, etc) are actually personally affected by the economy. from what I gather, they are not negatively impacted at all, but are just arguing to argue because arguing seems cool these days. how edgy and hip of them.

the reality is that the economy is doing much better and for the people that choose to live in the red states, deep south or rural areas, if the only job you can land is at the country store or cattle feed plant, then perhaps you should move to where the jobs are and tell aunt betsy she can bake her pies and muffins elsewhere. besides DC and NYC in general, corporate america is moving our jobs to places like india and pakistan to cut costs. the republicans supposedly are pro-corporate, so they must support outsourcing too. how patriotic.

dkdadur Wrote:
-------------------------------------------------------
> the reality is that the economy is doing much
> better and for the people that choose to live in
> the red states, deep south or rural areas, if the
> only job you can land is at the country store or
> cattle feed plant, then perhaps you should move to
> where the jobs are and tell aunt betsy she can
> bake her pies and muffins elsewhere. besides DC
> and NYC in general, corporate america is moving
> our jobs to places like india and pakistan to cut
> costs. the republicans supposedly are
> pro-corporate, so they must support outsourcing
> too. how patriotic.

The "move where the jobs is at foo" argument only works for people who have job skills that are flexible. I could telecommute from just about anywhere on the planet, but the "cattle feed plant" worker requires a job with cattle, and if that industry is not doing well, they can't just "move to where the jobs are" when there aren't any jobs.

Some eggheads declared it's over, so that's it, huh? Wow, wish I knew it was that easy.

In other news, Kermit the Frog has declared that the sky is red and water isn't wet.

With our business increasing app. 20% throughout the cycle I guess I didn't take the opportunity to participate. I wonder how we would have done without the recession?

Next Headline:

Current recession began July 2009

The message is that the recession started a few months after Pelosi took over Congress and turned it into Kongress, and when Obama's people got done signing the $1T "stimulus" the recession was already over by the time any of the money was available to spend. GOOD JOB.

------------------------------------

twitter @EyeAmU

WashingTone-Locian wrote:
> "Another violation of God's word. Some Christian you are."

How the fuck can you hang onto everyword the Bible says and judge
what kind of 'Christian' I am, when you suck the glass dick of chance
and nothingness. At least I believe in, and have a chance of
forgiveness from am omnipotent-creator. You on the otherhand
want to have an excuse for your pedophilia and/or homosexuality,
and blame God for such and claim you can't live within the confines
of a Godly life and 'still enjoy yourself'. Plus guess what; if I'm
wrong you melt away into the nothingness from whence you came. If you
are wrong, you get to be experience a state of punishment outside of
simple human comprehension.

Good luck my friend.



.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

News like this are just part of new campaign launched by the Dems for Nov elections. Expect more 'sudden' good news that are supposed to make people feel better, like BP leak is stopped (behind schedule, but who tracks that), unemployment goes down (by o.oo1%, but who cares about the details, it's all about the title!), people are back to shopping (no mention it's just delayed demand), etc. etc.

I think Bill Clinton is right when he says we may be entering a "fact free" period in politics. People feel free to just make up their own definitions for what is, and what isn't a recession in much the same way that they choose to make up everything else in our daily news narrative. Words have meaning, and their is an actual definition for what it means to be in a recession--you can look it up.

Edit: corrected typo

I think Bill Clinton is right when he says we may be entering a "fact free" period in politics. People feel free to just make up their own definitions for what is, and what isn't a recession in much the same way that they choose to make up everything else in our daily news narrative. Words have meaning, and there is an actual definition for what it means to be in a recession--you can look it up.

Voter____ Wrote:
-------------------------------------------------------
> Edit: corrected typo
>
> I think Bill Clinton is right when he says we may
> be entering a "fact free" period in politics.
> People feel free to just make up their own
> definitions for what is, and what isn't a
> recession in much the same way that they choose to
> make up everything else in our daily news
> narrative. Words have meaning, and there is an
> actual definition for what it means to be in a
> recession--you can look it up.


Yeah, I suppose he would know something about making shit up huh? Honestly, Clinton was 10 years ago now, and getting to be as irrelevant. People still like him on a personal level, but he managed to fuck up just as badly as any of these others - just in new and different ways. Again, with his side-kick AlGore, the era of 'Fact free' in politics began a LONG time ago.

If you can’t model the past, where you know the answer pretty well, how can you model the future? - William Happer Cyrus Fogg Brackett Professor of Physics Princeton University

Troll@AOL Wrote:
-------------------------------------------------------
> WashingTone-Locian wrote:
> > "Another violation of God's word. Some Christian
> you are."
>
> How the fuck can you hang onto everyword the Bible
> says and judge
> what kind of 'Christian' I am, when you suck the
> glass dick of chance
> and nothingness.


Not being a Christian, I can judge you all I want. You being a Christian, on the other hand, are not allowed to judge others. The fact that you are doing it here means you are sinning.

> At least I believe in, and have
> a chance of
> forgiveness from am omnipotent-creator.


Do you? What if the Jews, Mormons or Muslims are right? Maybe God is Catholic? Maybe He's an Opus Dei Catholic? Do you believe exactly the way God wants you to believe?

> You on
> the otherhand
> want to have an excuse for your pedophilia and/or
> homosexuality,

I'm not a pedophile nor am I gay, so I'm not sure what point you are trying to make there.

> and blame God for such and claim you can't live
> within the confines
> of a Godly life and 'still enjoy yourself'.

As I have said before, I am a very moral person. In fact, I would venture to guess I am more moral than you are.

> Plus
> guess what; if I'm
> wrong you melt away into the nothingness from
> whence you came. If you
> are wrong, you get to be experience a state of
> punishment outside of
> simple human comprehension.
>

And if you believe the wrong kind of religious belief, you are going to Hell, too. Actually, you are probably going to Hell anyway for judging people and using God's name in vain.

> Good luck my friend.
>
>
>
> .

I don't believe in luck.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm



Edited 1 time(s). Last edit at 09/21/2010 10:06AM by WashingTone-Locian.

WashingTone-Locian wrote:
> "And if you believe the wrong kind of religious
> belief, you are going to Hell, too."

This is YOUR opinion ONLY.

I believe a misguided muslim has a better chance of making it
to heaven than a person like YOU who supposes there is no God
or creator, and relentlessly attempts to decieve others into
accepting your beliefs as valid in THEIR minds also with NO
rational scientific proof to back up ANY of your assertions.

That's NOT me judging you, that is just MY opinion.

You are just one deciever, working for the MASTER deciever.
Tell that queer I said 'Hi' when you get there.

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

WashingTone-Locian Wrote:
-------------------------------------------------------
> Fuck you, asshole!
>
> http://money.cnn.com/2010/09/20/news/economy/reces
> sion_over/index.htm?hpt=T1&iref=BN1
>
> I was right, you were wrong. Suck my motherfucking
> balls!

You are delusional if you think you made some great prediction. This data has been part of the official statistics for over a year. If you still think there is a real recovery underway then you are still unequivocally wrong.

WTL Fail... Wrote:
-------------------------------------------------------
> WashingTone-Locian Wrote:
> --------------------------------------------------
> -----
> > Fuck you, asshole!
> >
> >
> http://money.cnn.com/2010/09/20/news/economy/reces
>
> > sion_over/index.htm?hpt=T1&iref=BN1
> >
> > I was right, you were wrong. Suck my
> motherfucking
> > balls!
>
> You are delusional if you think you made some
> great prediction. This data has been part of the
> official statistics for over a year. If you still
> think there is a real recovery underway then you
> are still unequivocally wrong.


Nope. I'm right. You are wrong. Sorry, but you fail.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

WashingTone-Locian Wrote:
-------------------------------------------------------
> WTL Fail... Wrote:
> --------------------------------------------------
> -----
> > WashingTone-Locian Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Fuck you, asshole!
> > >
> > >
> >
> http://money.cnn.com/2010/09/20/news/economy/reces
>
> >
> > > sion_over/index.htm?hpt=T1&iref=BN1
> > >
> > > I was right, you were wrong. Suck my
> > motherfucking
> > > balls!
> >
> > You are delusional if you think you made some
> > great prediction. This data has been part of
> the
> > official statistics for over a year. If you
> still
> > think there is a real recovery underway then
> you
> > are still unequivocally wrong.
>
>
> Nope. I'm right. You are wrong. Sorry, but you
> fail.


What exactly are you right about? That you quoted the positive GDP report from over a year ago?

Nice attempt at trying to save your FFXU reputation/life.

If you are claiming that the economy is on the road to recovery then you fail.

I on the other hand am claiming that the economy is circling the drain, and I am right.

The only thing WashingTone-Locian would be concerned
about circling, is another man's assshole with his tongue.

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

WashingTone-Locian Wrote:
-------------------------------------------------------
> WTL Fail... Wrote:
> --------------------------------------------------
> -----
> > WashingTone-Locian Wrote:
> >
> --------------------------------------------------
>
> > -----
> > > Fuck you, asshole!
> > >
> > >
> >
> http://money.cnn.com/2010/09/20/news/economy/reces
>
> >
> > > sion_over/index.htm?hpt=T1&iref=BN1
> > >
> > > I was right, you were wrong. Suck my
> > motherfucking
> > > balls!
> >
> > You are delusional if you think you made some
> > great prediction. This data has been part of
> the
> > official statistics for over a year. If you
> still
> > think there is a real recovery underway then
> you
> > are still unequivocally wrong.
>
>
> Nope. I'm right. You are wrong. Sorry, but you
> fail.


WTL you are really getting to Troll, nice job - keep it up!!

WTL Fail... Wrote:
-------------------------------------------------------
> You are delusional if you think you made some
> great prediction. This data has been part of the
> official statistics for over a year. If you still
> think there is a real recovery underway then you
> are still unequivocally wrong.

Aren't you the same douche who was spouting statistics back in June about how in 2 weeks we'd be firmly in another recession? Lets recap.

"The Baltic Dry Index is rolling over. Not good" on June 15th

Then we had, "The ECRI Leading Index dipped to negative for the first time in over a year, which on a historical basis tends to predict a recession with surprising regularity. An interesting observation: when the ECRI drops to -10 (from the current -3.5, and plunging at the fastest rate in history), the economy has gone into a recession 100% of the time, based on 42 years of data. At the current rate of collapse, this means in two months we should know with certainty if the double dip has now arrived." on June 15th.

June 15 + 2 Months = August 10th. I guess the ECRI Leading Index isn't much of a forecast model if it can't accurately predict something 2 months out.

Then you continued to post the Empire Index, Philly Index, and the Chicago Index, which evidently also don't have any real predictive capabilities except for their meager historical value.

On June 17th you said, "
Well.. that is it... just gonna grab my popcorn, sit on my confortable couch and watch the double dip in 3D.."

How's that TV watching session coming along? Isn't it a bitch when you go in for a movie and all you get are previews? Too bad for you, M. Night Shamalan wrote the script for your film so be prepared for the economic recovery twist at the end of the film.

Here's a real gem. The ECRI weekly leading index is continuing its accelerating dive, and is now well into negative territory, hitting -5.7 for the past week: a 2.2 decline from the prior week. Keep your eye on the -10 threshold, for at that level, the economy has gone into recession Â… only 100% of the time (42 years of data)." At this rate of decline -10 will be taken out in the first week of July. on June 22nd

It's September 25th. I guess your ECRI fails for a second time eh? Not only did we miss the "double-dip in 2 months" that you spouted, but we also didn't end up in recession land by the first week of July.

So... While I will agree that the market is behaving like a roller coaster, it certainly isn't as royally fucked as you tried to make everyone believe back in June. Every one of your little predictive graphs and "accurate" sources of information failed to predict anything.

Why?

Wait for it...

The market is not a simple system where you can apply absolutes. Oh, everyone tries to make it look like their formula is 100% accurate, but they're not. When they do fail to predict, they twist the data around to fit their models and make it look like they knew it was going to happen. There's nothing wrong with that, it's business, but it still doesn't mean they know what the fuck they're talking about.

Anon-user 'cravenmoorehead' wrote:
> " WTL you are really getting to Troll, nice job - keep it up!!"

KEEP IN MIND 'cravenmoorehead' IS 'WashindTone-Locian' [WTL].
IT WOULD ACTUALLY BE FUNNY, IF IT WERE NOT SO SAD.

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

ECRI will probably lag the economy. The stock market has been lagging the economy by about 1 quarter for the last several years. The GDP growth rates started to improve before the stock market bottomed. I think the lag is due to the Fed's preemptive policy on propping up stocks. In the past, they would hike interest rates and choke off money supply to induce small recessions. Now, they're trying to prolong bubbles and inadvertently causing bigger recessions.

The point of this thread is WTL Fail failed. And he did.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

WashingTone-Locian Wrote:
-------------------------------------------------------
> The point of this thread is WTL Fail failed. And
> he did.

says the guy claiming victory. pretty hollow.

Les Wrote:
-------------------------------------------------------
> ECRI will probably lag the economy. The stock
> market has been lagging the economy by about 1
> quarter for the last several years. The GDP
> growth rates started to improve before the stock
> market bottomed. I think the lag is due to the
> Fed's preemptive policy on propping up stocks. In
> the past, they would hike interest rates and choke
> off money supply to induce small recessions. Now,
> they're trying to prolong bubbles and
> inadvertently causing bigger recessions.

You are a perfect example of why ECRI, and other groups like them, can stay in business. Even when the trends displayed in their own marketing material fail to continue in the manner that is expected, you make up excuses like, "Oh, they are lagging by a quarter." If they are still wrong then it'll be, "Oh, well the government propped it up and that's why. Give it time."

Then, even later, you'll make up some other excuse.

Face it. If ECRI, or any of the other groups like them, could really predict market events with absolute certainty, they would charge hundreds of millions of dollars a year for access to their data and every person they employ would be a billionaire.

ref Wrote:
-------------------------------------------------------
> WashingTone-Locian Wrote:
> --------------------------------------------------
> -----
> > The point of this thread is WTL Fail failed.
> And
> > he did.
>
> says the guy claiming victory. pretty hollow.


WTL Fail won't admit defeat, so I need to declare it for him.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

I'm saying that ECRI will probably fail to call the recession. They were late on calling the last recession by almost a year.

I think the economy is probably close to recession but probably will have a seasonal upswing in Q4. What I notice most is inflation is starting to creep up like 2008.

Les Wrote:
-------------------------------------------------------
> I'm saying that ECRI will probably fail to call
> the recession. They were late on calling the last
> recession by almost a year.
>

True. But there isn't anything to indicate that the economy is heading back into recession in the foreseeable future.

> I think the economy is probably close to recession
> but probably will have a seasonal upswing in Q4.
> What I notice most is inflation is starting to
> creep up like 2008.

At this point in time, a little bit of inflation wouldn't be a bad thing.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

Troll@AOL Wrote:
-------------------------------------------------------
> Anon-user 'cravenmoorehead' wrote:
> > " WTL you are really getting to Troll, nice job
> - keep it up!!"
>
> KEEP IN MIND 'cravenmoorehead' IS
> 'WashindTone-Locian' .
> IT WOULD ACTUALLY BE FUNNY, IF IT WERE NOT SO
> SAD.
> even better.

Hi WTL.

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

Troll@AOL Wrote:
-------------------------------------------------------
> Hi WTL.
>
> .


Sorry, Troll, but I don't sign on as an anon user to support my position.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

WashingTone-Locian Wrote:
-------------------------------------------------------
> Troll@AOL Wrote:
> --------------------------------------------------
> -----
> > Hi WTL.
> >
> > .
>
>
> Sorry, Troll, but I don't sign on as an anon user
> to support my position.

+1

Fairfax MF---er Wrote:
-------------------------------------------------------

> >
> > Sorry, Troll, but I don't sign on as an anon
> user
> > to support my position.
>
> +1


Well stated, Stalker Channing.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

WTL wrote:

> "Sorry, Troll, but I don't sign on as
an anon user to support my position."

Haha GOOD ONE!

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

anon-user 'Fairfax MF--er' = WTL

Haha WTL, You fool NOBODY!

JUST COULDN'T RESIST THE URGE, HUH BUDDY.

.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

WTL wrote:
> "Well stated, Stalker Channing."

NOW THIS IS JUST SAD.


.

==================================================================================
"Why don't you LOSERS just pack your flower print DOUCHE BAGS
and get your stoopid @$$#$ THE FUCK OFF MY INTERNETZ!"

- 'philscamms' (the YT Watchdog) ; internet & YouTube® extraordinaire.

So, like, WTL Fail. Care to comment, or are you back in your hiding hole again?

"True. But there isn't anything to indicate that the economy is heading back into recession in the foreseeable future."

Growth rate of 0.6 pct is expected for Q3. People are taking a straight-line projection based on the steady decline in real GDP from Q1 to Q3 of about 2 percentage points a quarter and the retraction of stimulus. The stimulus added about 300 billion dollars in 2009 and 2010 each. For the first nine months of 2011, it will be about 110-120 billion dollars and then completely disappear. Also, a lot of the growth was due to inventory buildup.

People in DC area are spoiled and think the rest of the country owes them a living. There's considerable complacency among the people here because they're employed by the government as direct hires or contractors. They think all economic stimulus has to run through them.

WashingTone-Locian Wrote:
-------------------------------------------------------
> Fairfax MF---er Wrote:
> --------------------------------------------------
> -----
>
> > >
> > > Sorry, Troll, but I don't sign on as an anon
> > user
> > > to support my position.
> >
> > +1
>
>
> Well stated, Stalker Channing.

Well stated indeed. If anyone knows how to spot a stalker, it is WasingTone-Locian. After all, it takes a stalker to know one.

Les Wrote:
-------------------------------------------------------
> Also, a lot of the growth was due to inventory buildup.

That tired old line? Still? Really? Every quarter since the end of 2008, some donkey finance columnist has said that very same thing. How can there be "artificial" growth due to inventory buildup for close to two years straight? What company is going to stock 2 years of inventory during a time when nobody is buying anything?

Oxyclean Wrote:
-------------------------------------------------------

> What company is going to stock 2 years of inventory
> during a time when nobody is buying anything?

Umm, you just answered your own question. If nobody is buying anything, inventory sits.

Steelmakers Brace for Weak Demand
Strength From Early 2010 Is Sapped by Weak Demand, High Costs
By ROBERT GUY MATTHEWS
After a strong start to the year, the world's biggest steelmakers lost ground in the third quarter and raised caution flags for the rest of the year, expecting to be hit by uneven demand, falling prices and high raw-material costs.

View Full Image


Bloomberg
Arcelor CEO Lakshmi Mittal said customers are working through inventories instead of ordering steel. Above, an Arcelor plant in Germany last year.



Some steelmakers on Tuesday posted third-quarter losses, while others fell off from the second quarter. And nearly all expect the final three months of the year to be worse as demand softens in major markets, such as autos and construction.

"Consumer confidence has deteriorated," ArcelorMittal Chief Executive Lakshmi Mittal said in an interview. "We are seeing a lot of austerity measures."

Weaker demand has prompted Arcelor—the world's No. 1 steelmaker by output—and some of its rivals to rescind price increases as a way to retain market share. That has decreased steelmakers' ability to recoup rising costs for raw materials, such as iron ore and coal, eroding earnings. Lower production also is paring profits.
Luxembourg-based Arcelor on Tuesday reported that third-quarter profit rose 48% to $1.35 billion from 910 million a year earlier. Sales increased 30% to $21.04 billion. But profit tumbled 21% from the second quarter, while sales fell 2.8%.

Mr. Mittal said potential customers world-wide are working through some of their inventories, slowing orders for steel.

Arcelor wasn't the only steelmaker trending lower from the second quarter. Pittsburgh-based U.S. Steel Corp. narrowed its third-quarter loss to $51 million, or 35 cents a share, from $303 million, $2.11 a share, a year earlier. But the latest loss was deeper than the $25 million figure reported for the second quarter. "All three of our segments had lower shipments and production as activity in most of our markets slowed," CEO John Surma said.


Shares of AK Steel and U.S. Steel Corp. retreat after the companies post disappointing third-quarter results. Rising costs of raw materials and softer demand are weighing. MarketWatch's Ashley Lau reports in San Francisco.

Meanwhile, AK Steel posted a loss of $59.2 million, or 54 cents a share, compared with a profit of $6.2 million, or six cents a share, a year earlier. Revenue increased 51% to $1.58 billion. The West Chester, Pa., company projected an operating loss for this quarter, expecting lower shipments and prices and higher raw-material costs.

Earlier this month, South Korea's Posco, the world's third-largest steel maker, lowered its profit forecast for the year by 7%, citing high raw-material costs and weak exports.

And Nucor Corp said last week that the rest of the year would be among its most challenging, citing weak residential and commercial construction. "It is now painfully clear that the U.S. economy over the past several months entered a new period of uncertainty," said Daniel DiMicco, CEO of the Charlotte, N.C., company.


Japan's Nippon Steel Corp. on Wednesday posted a 44.2 billion yen profit for the fiscal second quarter but warned its outlook is getting cloudier amid growing uncertainty over China's steel market as well as shrinking local auto sales.

The new landscape marks a significant change from earlier in the year, when top steel executives reported rising demand, particularly for automotive steel, as well as falling customer inventories and higher steel production. The view then was that economies world-wide were recovering and that steel markets could support higher prices.

Mr. Mittal early in the year said Arcelor would seek a 10% price increase for spot business, seeking to maintain earnings by passing along Arcelor's higher costs for raw materials, such as iron ore. But the company stood down because customers were uncertain about future demand, and Arcelor didn't want to lose customers to lower-priced rivals.

Now Reporting
Track the performances of 150 companies as they report and compare their results with analyst estimates. Sort by reporting date and industry.


More
Heard: Heavy Metal Needs Light Feet
"We have said that we want to regain our market share lost in 2009," Mr. Mittal said. "In the process we realized that prices would not increase."

Mr. Mittal said his plants ran at 71% capacity in the third quarter, down from 78% in the second. The cutback isn't expected to trigger layoffs but is hurting earnings since plants get more profitable as they run at higher capacity.

"Southern Europe is slow and not in good shape. Construction is down and unemployment is not in good shape. In the U.S., we expect demand to drop 2%-3%," Mr. Mittal said.

U.S. Steel also said that lower operating rates, reduced prices and fewer orders reflect "the uncertain economic situation in North America and Europe."

In spite of the souring near-term outlook, steelmakers believe the market will be more stable in 2011. Mr. Mittal said he doesn't expect China to significantly boost exports and flood the market, which can add to price volatility. He also said he expects that raw-material prices will stabilize next year.

Write to Robert Guy Matthews at robertguy.matthews@wsj.com

These useless dickbags are at it again proclaiming a new recession in the summer.

The media's fantastic reporting is touting how they have been 100% correct, which this thread shows is absolutely false.

The interesting part is that the company was founded in 1996, so even if the claim of 100% accuracy were true (which it isn't as evidenced in this thread), it wouldn't mean shit given the short time ECRI has been around. If they could claim 100% accuracy (and it were true) AND they had been around since the early 20th century then perhaps there'd be a story.