The Recession is over!

[Mega]

Rejoice!
http://www.bloomberg.com/apps/news?p...d=aAL7VZFlPRow

They didn't as much as expected!
All that money pumped in has...........lifted things abit

BTW Whats a "Crack up boom"?
Mike

[nero3]

Re: The Recession is over!

Most of the 80-s, 90-s, booms were booms ignited by leverage on the rise, increasing debt to GDP, inside a trend of falling commodity prices.

A crack up boom does not depend on that, but is more connected to high government spending, and directly inflationary printing of money, sort of 1940-1950 like boom. Kind of like, let's dump a load of money, and see what happens.


On Germany. They are the only developed country other than Japan that have a very low debt to gdp ratio. These countries can, start to expand private debt.

[Chomsky]

Re: The Recession is over!

On Germany. They are the only developed country other than Japan that have a very low debt to gdp ratio. These countries can, start to expand private debt.

You're kidding, right? Private debt in Japan is still over 100% of GDP.

[BillP]

Re: The Recession is over!

Rejoice!
http://www.bloomberg.com/apps/news?p...d=aAL7VZFlPRow


BTW Whats a "Crack up boom"?
Mike

Germany 1923

[nero3]

Re: The Recession is over!

You're kidding, right? Private debt in Japan is still over 100% of GDP.

Well, the private debt have not been that low since the 1950-s. On western and developed world, standards I think they, and Germany is low, maybe not very low

[metalman]

Re: The Recession is over!

You're kidding, right? Private debt in Japan is still over 100% of GDP.

nero's a kidder... he kids around all the time.

[GRG55]

Re: The Recession is over!

Well, the private debt have not been that low since the 1950-s. On western and developed world, standards I think they, and Germany is low, maybe not very low

I doubt that we'll see much expansion in Japan and German private debt given the demographic trends in those societies...

[nero3]

Re: The Recession is over!

I doubt that we'll see much expansion in Japan and German private debt given the demographic trends in those societies...

Haven't you seen the last Rambo Movie. Maybe those oldies are going to have one last blast at it

more on sugar. it held up really well during the turbulence last year, and this year to. Some of the same was also seen in gold. When will this thing break loose? There are other commodities as well. The reason sugar held up well, was of course that the fundamentals was strong, even the pressure in the market's was huge. It's really kind of a super-charged move, on the weakness in treasury bonds. That makes me think double dip. However, who knows. I think the fundamentals in the sugar market is far better than in the market for treasury bonds. In in comparison to gold, and the general commodity trends, it's no problem to justify a sugar price of around 40 cents, as a new norm, that is if 10 cent sugar, is compared to 250 dollar gold.

[dummass]

Re: The Recession is over!

Who appointed nero3 iTulip Ambassador? Has corruption, politics and cronyism, infected our community, too?

[GRG55]

Re: The Recession is over!

Recesssion over? Already? That was quick, eh...:p

Gotta love that "Unexpectedly" in the title...

Retail Sales in U.S. Unexpectedly Declined in July

Aug. 13 (Bloomberg) -- Sales at U.S. retailers unexpectedly fell in July as a boost from the cash-for-clunkers automobile incentive program failed to overcome cuts in other spending.

The 0.1 percent decrease in sales, the first drop in three months, followed a revised 0.8 percent gain in June that was larger than previously estimated, Commerce Department figures showed today in Washington. Purchases excluding automobiles fell 0.6 percent, also more than anticipated.

Today’s report underscores the threat to spending from the continued deterioration in the job market; a separate government report today showed more Americans than forecast filed claims for unemployment insurance last week.

Retailers such as Wal-Mart Stores Inc. and Macy’s Inc. are cutting costs and inventories to bolster profits households cut back on non-essential items.

“Consumers continued to maintain a tight hold on their wallets, worried about rising unemployment, falling home prices, and tight credit”...

Clearly what's needed is a series of new stimulus programs to supplement "Cash for Clunkers". Time for iTulipers to put their thinking caps on; here's my suggestion [although it may still be a bit early for something this drastic]..."Cash for Corn Flakes".

[snakela]

Re: The Recession is over!

Cash for coffe. We can't have people drinking $2 McLattes or *gasp* regular joe when $8 lattes beckon. SBUX was takin' off like crazy when the economy was "good". Correlation=causation or somethin'

[sunskyfan]

Re: The Recession is over!

Clearly what's needed is a series of new stimulus programs to supplement "Cash for Clunkers". Time for iTulipers to put their thinking caps on; here's my suggestion [although it may still be a bit early for something this drastic]..."Cash for Corn Flakes".

That is called "The Farm Bill".

Cash for Airplanes: "The F22"
Cash for Submarines: "The Seawolf"
Cash for Europe: "The Cold War"
Cash for Professors and Colleges: "Sallie Mae"
Cash for Housing Industry: "Freddie Mac"
Cash for Kids: "Child tax credit"
Cash for God: "Church tax exclusion"
Cash for Wall Street: "401k tax credit and the bail outs and ..."

this could go on and on ... and people think cash for clunkers is a big deal?

[metalman]

Re: The Recession is over!

Who appointed nero3 iTulip Ambassador? Has corruption, politics and cronyism, infected our community, too?

i'm not sure the itulip naming conventions work. after you post a certain number of posts, your title changes.

nero needs a custom title, tho.

[dummass]

Re: The Recession is over!

I would stress quality over quantity.

[Munger]

Re: The Recession is over!

Recesssion over? Already? That was quick, eh...:p

Gotta love that "Unexpectedly" in the title...

Retail Sales in U.S. Unexpectedly Declined in July

Aug. 13 (Bloomberg) -- Sales at U.S. retailers unexpectedly fell in July as a boost from the cash-for-clunkers automobile incentive program failed to overcome cuts in other spending.

The 0.1 percent decrease in sales, the first drop in three months, followed a revised 0.8 percent gain in June that was larger than previously estimated, Commerce Department figures showed today in Washington. Purchases excluding automobiles fell 0.6 percent, also more than anticipated.

Today’s report underscores the threat to spending from the continued deterioration in the job market; a separate government report today showed more Americans than forecast filed claims for unemployment insurance last week.

Retailers such as Wal-Mart Stores Inc. and Macy’s Inc. are cutting costs and inventories to bolster profits households cut back on non-essential items.

“Consumers continued to maintain a tight hold on their wallets, worried about rising unemployment, falling home prices, and tight credit”...

Clearly what's needed is a series of new stimulus programs to supplement "Cash for Clunkers". Time for iTulipers to put their thinking caps on; here's my suggestion [although it may still be a bit early for something this drastic]..."Cash for Corn Flakes".

"Greenbacks for Gold", in which the government will pay you an incentive of $100 when you trade in that outdated yellow metal for some good old "In God We Trust" fiat.