No recession huh?

I'm really amazed at how much abuse acga is getting here, I mean the guy has a different opinion that you, deal with it. He's backing up his arguments with facts, it doesn't mean you have to agree with them but to just call someone who backs his arguments up a liar - while providing absolutely nothing to back up your own arguments - and then demanding that they get banned for being a troll? WTF kind of cowardly bullshit it that.

 

No, I have not. Now answer my question,You've really never talked to someone who is homeless have you?

 

Well Fed up, you said:

I don't know what happened next because so many of his posts got deleted and all there is is threats and warnings from you and a lynch mob of idiots cheering to get him banned.

The interesting thing is that your definition of unemployment was completely wrong. This isn't a matter of opinion, it is a fact, that is not how unemployment is calculated.

The same is going on with inflation. Plenty of people criticise acga's reported inflation numbers, but when asked to back up an alternate inflation figure they can't come up with anything, in fact they don't even bother. Its the same howling dogs demanding he get banned for daring to disagree.

I have to wonder - is a post like "you're such a fucking idiot if you think we aren't in a depression, your head is up your ass you loser troll, you should be banned, ectc" - is this considered OK since it the ideology is correct, i.e. it is gloom and doom about the economy, and so as long as you get that right anything goes?

I mean I think acga's way too positive on the economy - i think we are in a recession and that it is looking serious - but at the same time I just don't get the obsessive hatred of someone who makes and argument and backs it up with facts. People don't seem to get that there is a difference between opinion and fact. The outlook for the economy is an opinion - there is no right or wrong - but how unemployment and inflation are calculated are facts - there's a lot of people here who think that if acga's opinion is wrong, then he isn't allowed to be right on facts, even when he is.

Anyway you can just sneer and blow this off, I'm just saying we could be having a better debate than this.

 

No stats here, and yet I think this was the most intelligent post I've come across so far.

 

Thanx!

 

^^ You're welcome. What the fuck do stats mean anyway? I don't understand any of that, but the bottom line is, people are struggling and that is a simple fact that makes sense to everyone.
My dad makes roughly $85,000 a year. We should be doing ok, but we go check to check. Always have. He'll be paying for this house until he's 80. Almost every vehicle we've had has been a gift or a bargain. What's gonna happen to all the other supposedly "upper" middle class people? If he's having trouble, how are the rest of us middle class and bottom class citizens supposed to make it? I work with kids that are working to supplement their parents income. One guy I used to work with was 16 when he started working to support his family. His dad was a truck driver and he had to help buy groceries. He's not the only one. One girl I work with helps her mom with bills since her dad died. How are our young people supposed to get on their own feet when the money they make goes to the people that are supposed to be taking care of them? Who says things will get better by the time they have bills of their own?

 

yes i have, i have worked in a homeless shelter for two years, and idk if it the drugs or something, but they aren't the innocent unfortunate people some think they are lol... you should see the fights

also i have never said that we are not experiencing an economic downturn, the stats i posted were nation wide, and covered many sectors so they provide a general sense of how the economy is doing, by saying that the general trend of the economy isn't terrible wasn't to say that people in some sectors are losing their jobs and homes...but people are blowing this downturn way out of proportion, we had inflation in 2001 and the economy was lagging, the fed did exactly what its doing now.. lowered interest rates, but at first people were reluctant to budge, but 8-12months later the lower interest rates kicked in a boosted the economy back up, also take a look at the financial reports for jpmorgan and goldman sachs showed much less losses than the expected, and gold/oil are both down a bit, and unemployment/inflation aren't really that high...(this "recession" was supposed to bring down the wall street people right?)

 

Very nicely stated!

 

Ilol

 

Thank you, OWB.

Whether or not it's a recession, it's still alot of shit.

 

a recession for who?

 

acga5, You're back, let me try this again.

No, I have not. Now answer my question,You've really never talked to someone who is homeless have you?

 

lol

 

yes i chose to volunteer at a homeless shelter for two years and i never once sat down to talk to one, most of them are messed up, they might have been good people before the streets change people

 

so you are saying there is a nation wide recession? the facts just don't back you up if you want to say that... there are severe downturns in some sectors, but most are only down a little bit or not down at all

 

and the fact of the matter is i was broke as shit growing up, i live on the west coast, and i had over $80000 school loan debt by the time i finished school so don't gimme that shit, i don't appreciate the assumptions about who i am

 

oops..

 

lol

 

i dont give two shits about what you believe

anyways, take a look at this

Oil continues to drop

http://money.cnn.com/2008/03/20/markets/oil.ap/index.htm? postversion=2008032015


http://money.cnn.com/2008/03/20/markets/markets_newyork/index.htm?postversion=2008032018

Good Thursday on Wall Street

NEW YORK (CNNMoney.com) -- Stocks surged Thursday after the Federal Reserve said it will make $75 billion in securities available to banks next week as part of its ongoing effort to ease the credit crunch.



http://money.cnn.com/2008/03/11/news/economy/anderson_forecast.ap/index.htm

Report forecasts downturn with rising unemployment and anemic GDP, but predicts U.S. will avoid a recession.

http://money.cnn.com/2008/03/20/news/economy/bc.apfn.financials.ahead.ap/index.htm?postversion=2008032010
Time to buy financials - analyst

Punk, Ziegel & Co.'s Richard Bove says now is the time to invest in banks, any more bad news will be 'meaningless.'


http://money.cnn.com/2008/03/20/markets/dollar.ap/index.htm?postversion=2008032013
Dollar gains against euro

Greenback strengthens as the price of oil dips and economic indicators drop less than expected.

all recent, all point towards an economic downturn that may be showing signs of easing, i wonder what you doom and gloom people will be saying in 6months when you are sitting in your bomb shelters waiting for the second coming of christ or something lol

gold is down 25$ an ounce to 920... heating oil is also slightly down

 

A voice of reason. Refreshing.