This Just In: Bloomberg News on the Economy.

[clistensprechen]

That's the game cons in general keep playing--when the Dow's down, it's Obama's fault and when it's up, it's Europe's fault.  I'm not gonna let you get away with that.

[Woody]

That's the game cons in general keep playing--when the Dow's down, it's Obama's fault and when it's up, it's Europe's fault.  I'm not gonna let you get away with that.

 :strawman:




Another strawman.  Don't care what cons say.  We where discussing the ramifications of yet another European bailout on our stock prices.


I said no such thing on this thread about Obama. 

[clistensprechen]

Well, I'm discussing the position of the people who affect government policy.  That would exclude you, as well as myself.  The deal is that their arguments are ones that they expect to sway you and me to their way of thinking because you and me vote. The question I raise is, are their arguments persuasive to cause me or you to vote one way or the other?  Speaking for myself, the answer is no.

And since you're forwarding your own talking points here, it's abundantly obvious that it's not the case in your case either.

[Woody]

Well, I'm discussing the position of the people who affect government policy.  That would exclude you, as well as myself.  The deal is that their arguments are ones that they expect to sway you and me to their way of thinking because you and me vote. The question I raise is, are their arguments persuasive to cause me or you to vote one way or the other?  Speaking for myself, the answer is no.

And since you're forwarding your own talking points here, it's abundantly obvious that it's not the case in your case either.

That is convenient for you considering what you are talking about is clearly a diversion from what was discussed prior to your meandering thoughts.  If that is what you want to discuss instead of the topic, see ya. 

[wbcoleman]

...not to mention that a jobs report is supposed to be released today...but Bloomberg News just Tweeted...

BREAKING: S&P 500 closes at highest level since January 2008

I am totally cool with that news.

clara, what's your explanation for the soaring stock market?

Of course you're cool with that because you're living off the Government checks and the Stocks you have and now you have another government Job. What a hypocrite you're. kentay

So why is the stock market doing so well?
 

Oh, yeah, this certainly explains why Wal*Mart is hitting 12-year highs.  In fact, this explanation is nothing but agitprop.

[Woody]

[font=palatino, georgia, times, 'times new roman', serif]http://www.9news.com/news/article/287839/344/US-stocks-rise-slightly-after-weak-jobs-report-[/font]US stocks rise slightly after weak jobs reportNEW YORK (AP) - The stock market followed one of its most exciting days of the year with a rather dull one Friday. Indexes barely rose following a weak jobs report, which increased hopes that the Federal Reserve would act next week to support the economy.
The gains, while meager, kept major market indexes at their highest levels in more than four years following a massive surge the day before.
The Dow Jones industrial average rose 14.64 points to close at 13,306.64. The Standard & Poor's 500 was up 5.80 points to 1,437.92. The Nasdaq composite barely moved, up 0.61 points at 3,136.42.
The government reported that 96,000 jobs were created in the U.S. last month, fewer than economists had forecast. The unemployment rate fell to 8.1 percent from 8.3 percent, but only because more people gave up looking for work.
Tech bellwether Intel dealt a blow to the market early in the day by cutting its revenue outlook because of weak demand for its semiconductors. Intel fell 90 cents, or nearly 4 percent, to $24.19.
The flat trading for the major indexes Friday followed big gains Thursday. U.S. stocks hit four-year highs after the European Central Bank announced plans to buy an unlimited amount of short-term government bonds from struggling countries in the region such as Italy and Spain. The hope is that the borrowing costs of those countries will fall, making a breakup of the 17-nation euro zone less likely.
Steven Ricchiuto, chief economist at Mizuho Securities, said the weak U.S. jobs report means the Federal Reserve is more likely to announce steps at its meeting next week to keep interest rates low and encourage lending. He thinks the Fed will announce that it will hold benchmark rates near zero through 2015 and, possibly, launch a third round of bond purchases.
"The economy is still struggling, and so it's subject to shocks from overseas," Ricchiuto said. "We're going to get more stimulus from the Fed."
Shortly after jobs numbers were released, analysts from RBS told investors in a note that they see the likelihood of the Fed announcing new bond purchases next week at 90 percent. "We expect the Fed to act in September," they wrote.[/b][/font]

[clistensprechen]

WalMart is one of China's biggest customers and has been compared by some to the economies of several countries put together.

What makes capitalists successful is Communism. Sweet irony, that.

Now look what I found in the Rabbit Hole:

We learned that is is not a dismal jobs report in the alternate reality of the rabbit hole.



Only 96,000 jobs added.


Almost 4 times that amount stopped looking which created the unemployment rate drop.


Manufacturing down.


Hourly pay down.


Lowest labor force participation rate in 30 years.

June and July revised down.

We are creating less jobs per month than last year to this point.

Conservatives fight minimum wage raises, and here we have a boo-hooing about labor force participation and hourly pay being down. WTF? And I heard Romney talk about closing loopholes (unspecified of course) for the upper crust so that they effectively pay higher taxes. Whoaaaah. Republicans are officially running The Manchurian Candidate.

[wbcoleman]

WalMart is one of China's biggest customers and has been compared by some to the economies of several countries put together.

What makes capitalists successful is Communism. Sweet irony, that.

Now look what I found in the Rabbit Hole:

We learned that is is not a dismal jobs report in the alternate reality of the rabbit hole.

Only 96,000 jobs added.

Almost 4 times that amount stopped looking which created the unemployment rate drop.

Manufacturing down.

Hourly pay down.

Lowest labor force participation rate in 30 years.

June and July revised down.

We are creating less jobs per month than last year to this point.

Conservatives fight minimum wage raises, and here we have a boo-hooing about labor force participation and hourly pay being down. WTF? And I heard Romney talk about closing loopholes (unspecified of course) for the upper crust so that they effectively pay higher taxes. Whoaaaah. Republicans are officially running The Manchurian Candidate.

Wal*Mart's success is a direct consequence of its ability to profitably sell huge quantities of high quality merchandise to ordinary Americans.

Family Dollar Stores hit a 10-year high several weeks ago.  Apple, as just about everyone knows, is sitting at a 30-year high and is poised to go higher.  The list of 52-week highs is long and clara's ideological explanation is totally fact-free.  FAIL.

[clistensprechen]

China begs to differ. Walmart enriches China, which now threatens Japan FYI.

Manchurian Candidate.

[wbcoleman]

China begs to differ. Walmart enriches China, which now threatens Japan FYI.

Manchurian Candidate.

More silly diversion.  Your "explanation" for the bull market had absolutely nothing to do with China.  You're just throwing out slogans.

[MichaelH]

China begs to differ. Walmart enriches China, which now threatens Japan FYI.

Manchurian Candidate.

If you don't want to enrich China you'd better start shopping smarter, Clara.  We were at a Costco store the other day, and I started looking at the crates ALL the furniture were packed in...guess what?

Every piece of furniture in the joint came from either China or the Philippines. Would you like to blame that on Bush?  Maybe it's actually because Romney is shipping the jobs overseas, think?

Fact is (irrefutable, I think) the manufacture is cheaper elsewhere isn't it?  If YOU personally were so inclined you'd purchase only items manufactured in the good ol' USA.  Might increase the cost of living some, but -- what the hell -- isn't it worth it?