TROLL TROLL YOU'RE A TROLL HE'S A TROLL WE'RE ALL FUCKING TROLLS

3/2/2011 8:40:07 AM

So that link states that disposable personal income went up 0.7%. Seven cents for every $10. Doesn't really help when the cost to fill a 12 gallon gas tank went up $6 over a one month time frame. That doesn't even factor in the increasing cost of food and other essentials.

I'm certain there are some people out there getting raises. I know I haven't and I know I wont any time soon - heck I'm probably making less compared with a few years ago when savings accounts actually bore a little interest, so I know I'll have to cut back on all the non-essentials to combat rising energy prices. I suspect the dow will be affected if there is a hint of a perception that there are other people out there like myself.

[Edited on March 2, 2011 at 10:00 AM. Reason : -]

3/2/2011 9:58:08 AM

Quote :

"I'm not at all surprised you had nothing to say about the Fed funds rate."

You edited after I had already hit to respond. I went back and read it, but it was pretty much just insults and whining, so I didn't see the point in responding to your butthurt, but if I was a troll then I would relish in it.

Quote :

"the fact that you said disposable income is rising and then maintained your position after i told you it was incorrect"

I maintained the position after posting a release proving it. The fact that you still maintain that it does not rise even after I posted that link just shows that you refuse to acknowledge reality when it does not fit your idea of what reality should be.

Quote :

"So that link states that disposable personal income went up 0.7%. Seven cents for every $10. Doesn't really help when the cost to fill a 12 gallon gas tank went up $6 over a one month time frame. That doesn't even factor in the increasing cost of food and other essentials."

In the link you'll note that real consumption is going down, but you are most likely correct that discretionary income is falling, but the rising disposable income and fall in real consumption should help to mitigate the impact of that.

3/2/2011 10:46:26 AM

Quote :

"I went back and read it, but it was pretty much just insults and whining"

No, it was proving your dumbass wrong AGAIN...which is of course why you didn't reply to it.

Quote :

" but if I was a troll then I would relish in it."

You ignored the point to talk about some faggotry, so yeah, you did relish it as a troll.

The point stands...the Fed is putting the screws to savers and has been doing so with urgency for ~30 years and more generally since its creation.

3/2/2011 4:44:13 PM

You must not really know much about the 80's interest rates were astronomical. I mean I assume you started your analysis during the 80's to note the downturn, but that it quite selective, considering that pretty much any other time in history they were fairly close to what the the past 10 or 20 years would average to.

3/2/2011 10:08:01 PM

man. i found so much today but im too drunk to eloquently post it or link to it

Fed WatchDog Hoenig has a good interview out there about our bubbly economy.


China owns 30% more treasuries than previously reported, they were buying them in secret via England. That's weird, but actually helps the dollar stay afloat longer.


WSJ also has a very articulate article about the dollar being about to fall 20%

Bill Gross expects the economy to fail without QE 3

3/3/2011 12:57:49 AM

Quote :

"but that it quite selective"

Well no shit Sherlock, thats kind of the point. Why do I care about what the Fed did in 1940 when talking about how they are putting the screws to savers in 2011?

3/3/2011 6:24:52 AM

Well you care, for one, as evidenced by your last post:
the Fed is putting the screws to savers and has been doing so with urgency for ~30 years and more generally since its creation

The reason why you care is that the interest rates of the 1980 and their residuals are an anamoly, it was only by chance that these rates were that high to begin with, it is not thier responsibility to give you a place to get 5-15% interest, that's up to you.

3/3/2011 11:16:50 AM

Quote :

"the Fed is putting the screws to savers and has been doing so with urgency for ~30 years and more generally since its creation"

There is noting incorrect about this statement.

3/3/2011 4:17:47 PM

So then from 1960 untill 1980 when interest rates more than tripled, the fed was "putting the screws to savers"?

The fact is that the interest rate over the past several years is close to the equilibrium rate it should be.

3/3/2011 4:37:50 PM

...if interest rates were the only part of the equation....

3/3/2011 4:47:17 PM

I guess by getting cryptic you're trying to backpedal to inflation, why not just say it, hell, why not just quote keynes?

3/3/2011 8:49:50 PM

No one backpedaled Kris.

3/3/2011 8:53:51 PM

getting more cryptic, just like I expected

3/3/2011 11:10:51 PM

Getting more trolly, just like I expected.

[Edited on March 4, 2011 at 6:07 AM. Reason : .]

3/4/2011 6:07:18 AM

Do you have an actual argument to make? I mean you hinted at inflation, I assumed you were going to go there, but it seems you'd rather just call me names.

3/4/2011 1:03:20 PM

I made the argument Kris, I can't help if you aren't bothered to rebut it.

3/4/2011 4:47:23 PM

If you made the argument I wouldn't be asking you to explain it.

3/4/2011 5:09:17 PM

I apologize, I made a common knowledge statement.

3/4/2011 5:12:46 PM

Quote :

"Do you have an actual argument to make?"

3/4/2011 6:15:26 PM

Quote :

"Argument has been made"

3/4/2011 8:44:38 PM

What is it?

3/4/2011 8:45:07 PM

Awww, you guys are so cute when you fight.

3/4/2011 8:51:12 PM

It is getting quite childish.

3/4/2011 9:02:10 PM

Yeah, thread probably should have just been aborted you started shitting on it.

3/4/2011 10:24:55 PM

WHOA WHERES MY BOY KRIS NOW?

PROBABLY AT THE FUCKING FOOD LION BUYING CANNED GOODS.


ITS ALL SETTING UP LIKE I SAID. JAPAN GOES INSOLVENT. THEN MAYBE A FEW PEASANTS LIKE SPAIN AND THEN THE GRANDDADDY DEFAULT OF THEM ALL THE USA.

HERES THE CATALYST BABY, WE'RE GOING DOWN HARD NINJAS

3/15/2011 12:01:00 AM

I here, at work at a financial institution, doing just fine. Thee real question is, where will you go in a few days when the world doesnt end?

3/15/2011 1:24:18 PM

a few days? Its not going to happen in a few days. It will be much quicker than most people expect though.

I said before 2017 I thought we agreed on.

3/15/2011 6:26:58 PM

BUT I THOUGHT THE EVIDENCE WAS WITH YOU

YOURE GETTING WAY LESS CONFIDENT WITHOUT YOUR CAPS LOCK

3/15/2011 8:37:39 PM

huh?

The next catalyst is here. Sure it'll drive commodities down temporarily because of demand destruction. Sure it'll cause a flight to the dollar temporarily as japan floods the world with yen.

But what about when demand increases to rebuild Japan?

What about when the dollar flight begins?

What about when we need to roll our debt over and Japan says "eh, we need our trillion dollars back actually we dont want to buy it"

What happens now that Japan cant participate in the Euro Bailout?

Portugal is going down any day now.

Catalyst. This is why we can't predict the exact date. Only the result. Catalysts drive dates, reality drives results.

3/15/2011 9:15:16 PM

You've become quite the master of shaping your own reality and managing to convince yourself that any event that happens is somehow a part of this series of events you imagine happening.

3/15/2011 11:18:45 PM

Natural or man-made disasters are never real catalysts for trend change.

3/16/2011 6:51:20 AM

Do we really need to be buying canned goods?

Cause I'm kind of in the mood to do that for some reason.

3/16/2011 8:09:19 AM

The looming danger here is falling demand for treasuries combined with the number of treasuries maturing in the next three years. QE3 is inevitable; the burden of funding our phony federal budget is being shifted entirely to the Fed. We're in uncharted territory at this point.

3/16/2011 11:03:57 AM

Food costs up 4 percent last month the most since 1974!!!

Vegetables up nearly 50percent!!!

Just two weeks ago kris said food prices aren't going up hahahaaha

Energy was up 3.3 pct last month

The debt is still spiking. They are having to pass cuts $6 billion at a time now

I've got you choked out kris, tap the mat buddy. No need to go unconscious

3/16/2011 11:28:54 AM

But that doesn't equal either crash or hyperinflation, the only two alternatives you seem to be considering.

3/16/2011 5:36:30 PM

^^I didn't "say" it, I proved it. They are going up now, but now is not then. As usual you take any short term changes and try to use them as proof for the long term change you so desperately want to convince yourself of, and if that short term change does not assist you in doing so, you disregard it as short term then claim the correction to be proof of that mystical long term change.

3/16/2011 5:56:01 PM

Dude I am ANTICIPATING what is happening. You are saying "where is it then".

Then when i show you where the fuck it is you say "well it wasnt there 2 weeks ago".

Get a fucking life man, troll someone else.

Oh by the way, this should scare your fucking nuts off. It's about to rain hell right here in the country you love to hate. We are now officially in a fiscal state of emergency.

http://www.weeklystandard.com/blogs/mandatory-spending-exceed-all-federal-revenues-fiscal-year-2011_554659.html

Quote :

" Mandatory Spending to Exceed all Federal Revenues — 50 Years Ahead of Schedule We have now gotten to the point — as I noted yesterday — where if national defense, interstate highways, national parks, homeland security, and all other discretionary programs somehow became absolutely free, we’d still have a budget deficit. The White House Office of Management and Budget projects that in the current fiscal year (2011), mandatory spending alone will exceed all federal receipts. So even if we didn’t spend a single cent on discretionary programs, we still wouldn’t be able to balance our budget this year — let alone pay off any of the $14 trillion in debt that we have already accumulated. Just an Olympiad ago, in 2007, the picture was quite different. In fact, in that year, federal revenues not only exceeded mandatory spending, but they exceeded it by more than $1 trillion ($1.117 trillion, to be more exact). The next year, 2008, during which the gap fell to a still-huge $914 billion, the Bush administration released a report issuing a rather dire warning (p. 25). The report said that, “if left unchanged, mandatory spending alone is projected to exceed total projected Government receipts in approximately 50 years.” That dire prediction has now come true — about 50 years earlier than projected. Through the years, mandatory spending has steadily increased (with some fluctuation from year to year) in relation to revenues. Here is mandatory spending as a percentage of total federal receipts, by year, according to published White House figures: 1970: roughly 33 percent 2000: 47 percent 2005: 61 percent 2010: 90 percent 2011: 101 percent The trajectory seems clear. Meanwhile, President Obama has not proposed entitlement reform. He has, however, proposed adding a massive new entitlement: Obamacare. At the same time, the baby boomers’ retirements are looming, which means higher entitlement expenditures and a smaller proportion of the population available to finance them. In light of all of this, what do the Obama administration’s projections for mandatory spending as a percentage of total federal receipts look like, going forward? Here they are: 2012: 81 percent 2013: 73 percent 2014: 7o percent 2015: 69 percent Seriously? These estimates are made possible because (among other things) the Obama administration is projecting a 21 percent increase in federal receipts from 2011 to 2012. Never mind that we haven’t seen an increase like that in 40 years. In fact, the largest increase in the past 40 years has been 16 percent. How is the Obama administration’s track record in forecasting such increases? For 2010, it projected a 9 percent increase in receipts. The actual tally was 3 percent. For 2011, it projected a 19 percent increase in receipts. Just one year later (in this year's budget), it has now modified that projection to less than 1 percent (actually, to 0.5 percent). So that’s a swing from projecting the highest increase in the past 40 years, to projecting essentially no increase at all — in just 12 months. To tackle our very real fiscal crisis, we need serious numbers and serious leadership, not just blind hope that things will (somehow) change. Now that we are at the point where our total receipts cannot even cover our mandatory spending, entitlement reform would seem to be an obvious necessity. Yet only one house of one branch of the federal government has thus far shown any real signs of being able to see the obvious."

[Edited on March 16, 2011 at 7:10 PM. Reason : a]

3/16/2011 7:09:18 PM

Wait wait wait I know this... oh yeah... money printing.

Quote :

"One would think that after the worst financial crisis since the Great Depression, Americans could at least catch a break for a while with deflationary forces keeping the cost of living relatively low. That’s not the case. A special index created by the Labor Department to measure the actual cost of living for Americans hit a record high in February, according to data released Thursday, surpassing the old high in July 2008. The Chained Consumer Price Index, released along with the more widely-watched CPI, increased 0.5 percent to 127.4, from 126.8 in January. In July 2008, just as the housing crisis was tightening its grip, the Chained Consumer Price Index hit its previous record of 126.9. “The Federal Reserve continues to focus on the rate of change in inflation,” said Peter Bookvar, equity strategist at Miller Tabak. “Sure, it’s moving at a slower pace, but the absolute cost of living is now back at a record high in a country that has seven million less jobs.”"

3/17/2011 8:59:32 PM

Economy blew up again...except it didn't.

3/23/2011 7:14:06 AM

What do you mean? Things are getting worse by the day.

The dollar is hitting multidecade lows in the midst of a market pullback and war breaking out.

Japans disaster is going to soak up a lot of valuable resources and decrease the size of the global pie. Global growth is about the only thing we can hope for to pull our economy out of this stagnant economy.

Inflation is rising, home sales are hitting record lows, govt debt is increasing rapidly, consumers are failing at deleveraging, materials and commodities are rising..

What on earth has happened that has been positive since my last post?

Things have been getting worse and we have been moving closer to the edge of default.

Did you not hear the fed governor yesterday?

3/23/2011 11:47:08 AM

Quote :

"What on earth has happened that has been positive since my last post?"

My brokerage account balance.

3/23/2011 12:30:24 PM

LOL

First of all stock prices are rising because companies are at high margins right now AND because the fed has been printing money.

As the dollar devalues itself you better hope the market goes up a hell of a lot to offset that.

When high margins fade what happens to stock prices?

Btw, for 99pct of the people on here their pithy brokerage acct balance is nothing compared to the future earnings they are losing by this crimped economy and devalued dollar.

You figure the avg person here has 50-100k and makes 50-100k, guess which one is more important in your late 20s early 30s? Its the future earnings. Not that having a nut stored is a bad thing, its just that knowing your salary is getting destroyed by money printing and inflation is pretty alarming

3/23/2011 1:25:18 PM

Just getting worse and worse. Incomes rose a pithy 0.3% but consumer spending rose 0.7% to erase all the gains and then some.

This is a total disaster.

Now the government is attacking offshore revenues. Guess what, not only are they going to lose the company tax receipts, the executives are going to move offshore too so they dont lose their tax priveleges overseas. Just what we need, drive all the billionaires out of the country!

4/3/2011 1:50:26 AM

Quote :

" the executives are going to move offshore too so they dont lose their tax priveleges overseas. Just what we need, drive all the billionaires out of the country!"

Just so long as they can't buy legislation once they move overseas, I think we'll come out better in the end.

4/3/2011 9:02:46 AM

^ i appreciate the sentiments and you certainly have a point. But in all likelihood the millionaires still here will just buy votes cheaper or the billionaires overseas will find a way to buy votes effectively from there.

4/3/2011 10:31:31 PM

Or you're completely full of shit and making a mountain out of an ant hill, that's certainly one possibility.

4/3/2011 11:18:46 PM

a collapsing currency, jobs market, and standard of living is an anthill in this thread.

But thats okay because Kris's brokerage account is up 6% YTD while the dollar is down 7%

4/3/2011 11:43:56 PM

6% is pretty good though, right?

4/4/2011 12:07:41 AM

^^The fed is expected to raise rates, the job market keeps looking better, and the standard of living certainly hasn't been measurably affected on the aggregate.

4/4/2011 1:39:34 AM