Typhoon wrote:If everything is right in the world, then why have interests rates been at historic lows for historic lengths of time?
Mr. Perfect wrote:Well the Democrats failed to deliver across the board, that much people were willing to see. But there is a level of denialism in this culture. Some people are resigned and tired of thinking about it. But we headed straight for the iceberg.
Zack Morris wrote:Well, that's largely due to structural reasons. Low interest rates are enforced by central banks.
It's like asking "if oil producers are pumping so much that the price has fallen below their break-even point, why don't they raise prices?"
Zack Morris wrote:I guess nothing ever came of Mr. Perfect's exciting foray into the thrilling world of repos. And I was hoping something interesting would have come from monitoring repo rates!
Zerohedgers are typically young, lack financial expertise, or both.
They seem to forget that periodic crises are normal and have been since, well, forever. By the standards of the past, we're due for another recession right about now anyway. But it's far from certain how it will play out. China may be on the verge of its big reckoning but underlying US (and European) strength provides some counterbalance to that.
Zack Morris wrote:An iceberg full of cash and prosperity.
PBS host Tavis Smiley acknowledges that he, and others, got "so caught up in the symbolism of the Obama presidency," that they didn't press as hard as they should have on issues that are important to the black community.
"Sadly, and it pains me to say this, over the last decade black folk, in the era of Obama have lost ground in every major economic category," Smiley said Friday in an interview with Huffington Post. "Not one, two or three [categories], but every major economic category, black americans have lost ground"
In the medium to long term, the optimists are always, always right.
Mr. Perfect wrote:But the Brits didn't set out to decline their empire. It just happened.
Stagnation is about where you are compared to where you should be. Exceeding expectations vs missing expectations.
There is a reason you went from supermajority party to superminority party in near record time. Maybe the most dramatic political collapse in our history. And you don't even have the first inkling as to why.
Part of it is your poor excuse making for your failures. Creating $10 trillion in debt with nothing to show for it and then proclaiming "Hey at least we're not Uganda!" creates:
Zack Morris wrote:They didn't set out to build an empire, either.
It just kind of came together at an opportune time. Bottom line is this: the Empire is gone, that's a good thing, and all parties are better off for it. The only aggrieved party here is those who still want Empires just for Empires' sake.
You're starting to sound like a typical whiny boomer who failed to learn to manage his expectations.
In many ways, the world -- and this country in particular -- are exceeding expectations in ways once unimaginable.
More Democrats than Republicans. As you'll see come November.
Err, "at least we're not Uganda!" came from your fellow permaminority party member: Doc.
Mr. Perfect wrote:It just kind of came together at an opportune time. Bottom line is this: the Empire is gone, that's a good thing, and all parties are better off for it. The only aggrieved party here is those who still want Empires just for Empires' sake.
Once again, that's not what we're talking about.
Not according to the American people. The right track wrong track dissatisfaction with Government are at record levels, as you created 10 trillion in debt, a record increase in almost all ways debt is measured, with nothing to show for it.
That's why you and your party went from supermajority status to superminority status in probably record time. One reason at least.
Zack Morris wrote:Americans are doing better than they ever have before. That's why they're angry at every little thing: there's nothing big to be angry about. .....
there's nothing big to be angry about.
noddy wrote:well - their is alot of truth in that but in many ways it doesnt mean anything.
they are living week to week, they dont have savings, they arent rich, they wont easily soak up a downturn or interruption to their earnings, they are scared.
on top of that, if you add up all the taxes and services fees from three layers of government and then add basic food and housing, living on the bottom of middle class is still bloody expensive and beyond the means of minimum wage retail types.
so........there's nothing big to be angry about.
i call bullshit.
Younguns are gonna cancel a lot of checks they never wrote.
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