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(Some Guy)   2014 shaping up to be the best year of economic growth since Clinton was president. THANKS OBAMA   (calculatedriskblog.com) divider line 154
    More: Interesting, household debt, downside risk, housing starts, Real GDP, debt service coverage ratio  
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1353 clicks; posted to Politics » on 11 Dec 2013 at 5:29 PM (32 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-12-11 04:13:22 PM
I bet Zombie Reagan is grave-spinning on the news.

/THANKS OBAMA!!
 
2013-12-11 04:16:01 PM
Nice to see the full effect of the Bush Economy.

Tax cuts take a while to really kick in.
 
2013-12-11 04:18:53 PM

Gonz: Nice to see the full effect of the Bush Economy.

Tax cuts take a while to really kick in.


Get with the program, dude.

We RAISED taxes on the rich this year. See what happens when you recycle money back into the US economy instead of holding it in off-shore bank accounts?

/More recycling of other peoples' savings.
 
2013-12-11 04:19:02 PM
all in anticipation of the GOP taking control of the Senate and the Trump/Nugent administration.
 
2013-12-11 04:19:39 PM
Incredibly disproportionately favored towards the rich, but yeah, I guess it's nice?
 
2013-12-11 04:22:56 PM

Rincewind53: Incredibly disproportionately favored towards the rich, but yeah, I guess it's nice?


I'm not rich.

I do like how my 401k is running presently.

I see unemployment levels dropping, though too slowly.

Let's hope we see unemployment dropping lower and faster in 2014. That way, everybody gets more pie.
 
2013-12-11 04:26:09 PM
my 401k gained almost 20% this year

thanks p. fart
 
2013-12-11 04:34:17 PM

AirForceVet: That way, everybody gets more pie.


I like pie.
 
2013-12-11 04:38:39 PM
I assume the argument will now turn to - "Well if NoBama hadn't forced his disastrous Stimulus plan and Obamacare on us, things would be much better!". Of course this will be coming from the same people that have spent the last 5 years telling us that Interest rates and inflation will be shooting through the roof any day now.
 
2013-12-11 04:38:49 PM

Diogenes: AirForceVet: That way, everybody gets more pie.

I like pie.


make the pie higher.
 
2013-12-11 04:40:18 PM
And just 13 months ago ...

p.twimg.com
 
2013-12-11 04:40:59 PM
I love $50k words and phrases I'm too lazy to look up (and apparently not embarrassed enough to admit I'm not completely clear on their meaning).

My list FTFA:

downside risk
aggregate
household deleveraging
aggregate (again)
eliminating drags
"The drag from household deleveraging (in the aggregate) is ending." WTF does this mean???!
CRE investments
Clinton

/ok, so I added Clinton arbitrarily
//I feel so inadequate
 
2013-12-11 04:42:44 PM
The Ted Cruz bounce!
 
2013-12-11 04:46:59 PM

AirForceVet: Rincewind53: Incredibly disproportionately favored towards the rich, but yeah, I guess it's nice?

I'm not rich.

I do like how my 401k is running presently.

I see unemployment levels dropping, though too slowly.

Let's hope we see unemployment dropping lower and faster in 2014. That way, everybody gets more pie.


95% of the growth in wealth in the last couple of years has gone to the wealthy.

That's more what I meant.
 
2013-12-11 04:58:28 PM
Sure....if you only count Wall Street....
 
2013-12-11 05:09:44 PM
Neo, what if I told you that the economy is cyclical?
 
2013-12-11 05:31:45 PM

Rincewind53: AirForceVet: Rincewind53: Incredibly disproportionately favored towards the rich, but yeah, I guess it's nice?

I'm not rich.

I do like how my 401k is running presently.

I see unemployment levels dropping, though too slowly.

Let's hope we see unemployment dropping lower and faster in 2014. That way, everybody gets more pie.

95% of the growth in wealth in the last couple of years has gone to the wealthy.

That's more what I meant.


scontent-b-sea.xx.fbcdn.net
 
2013-12-11 05:32:15 PM
Yeah I'll wait and see about that.
 
2013-12-11 05:33:52 PM
I really wish that the housing market would quit rebounding... Just 2-3 more years, when both of my stepsons have graduated and my brother in law is no longer leeching off of us, and we're going to be buying. No sense getting a house that will end up 1/2 empty, but I really wish prices and interest rates would stay down for awhile longer. The rest of the economy can recover, just not the housing market...
 
2013-12-11 05:37:18 PM
Can you spell Bubble?
 
2013-12-11 05:37:26 PM

Mikey1969: I really wish that the housing market would quit rebounding... Just 2-3 more years, when both of my stepsons have graduated and my brother in law is no longer leeching off of us, and we're going to be buying. No sense getting a house that will end up 1/2 empty, but I really wish prices and interest rates would stay down for awhile longer. The rest of the economy can recover, just not the housing market...


They're not your family, you should just kick them out of the house now.
 
2013-12-11 05:38:58 PM

Brick-House: Can you spell Bubble?


You already did, why?

ok, B-U-B-B-L-E

What do I win?
 
2013-12-11 05:41:09 PM

AirForceVet: Gonz: Nice to see the full effect of the Bush Economy.

Tax cuts take a while to really kick in.

Get with the program, dude.

We RAISED taxes on the rich this year. See what happens when you recycle money back into the US economy instead of holding it in off-shore bank accounts?

/More recycling of other peoples' savings.


Original poster may have been employing sarcasm.
 
2013-12-11 05:41:26 PM
I don't believe this because everything's gotten worse since we elected Obama, and it won't get better again until the Republicans are back in charge. So there.

/la, la, la, LA, LA, LA. . . Can't hear you. . . .
 
2013-12-11 05:41:56 PM
Well, anecdotal evidence being what it is, I can tell you that I started sending resumes out last week and I've already got two interested bites.

Granted, I've got two degrees, can program, and have a massive cock, so YMMV.
 
2013-12-11 05:44:21 PM

Duke Phillips' Singing Bears: Granted, I've got two degrees, can program, and have a massive cock, so YMMV.


Which part of the resume does that go under? I've been trying to find a reasonable place to slip it in.
 
2013-12-11 05:44:43 PM
You know, sometimes I'm amazed and proud of the robustness of the American economy, when I see it growing slowly even while its national legislative branch has active tried to sabotage it.
 
2013-12-11 05:44:46 PM

Duke Phillips' Singing Bears: Well, anecdotal evidence being what it is, I can tell you that I started sending resumes out last week and I've already got two interested bites.

Granted, I've got two degrees, can program, and have a massive cock, so YMMV.



I'm not sure your poultry raising skills would transfer to the IT/software engineering field.
 
2013-12-11 05:45:55 PM

Duke Phillips' Singing Bears: Well, anecdotal evidence being what it is, I can tell you that I started sending resumes out last week and I've already got two interested bites.

Granted, I've got two degrees, can program, and have a massive cock, so YMMV.


So I need to learn programming....
 
2013-12-11 05:46:12 PM
I'm going to hold out until we are at least halfway through 2014 before I accept how it's turning out. people were saying in 2007 how 2008 was going to be a good year, too. Then Bear Stearns and Lenham brothers imploded.
 
2013-12-11 05:46:52 PM

SecretAgentWoman: "The drag from household deleveraging (in the aggregate) is ending." WTF does this mean???!


Deleveraging means you are lowering the amount of debt you have, probably through paying more money on the principal and not borrowing as much. I'm guessing drag is a reduction in after-tax income in this context that stops the economy from growing. Aggregate means you're looking at the population of households as a whole rather than individual households. So to translate that statement, households were paying down their debt and no longer are, and that means they have more money to spend and grow the economy.
 
2013-12-11 05:47:57 PM

max_pooper: Mikey1969: I really wish that the housing market would quit rebounding... Just 2-3 more years, when both of my stepsons have graduated and my brother in law is no longer leeching off of us, and we're going to be buying. No sense getting a house that will end up 1/2 empty, but I really wish prices and interest rates would stay down for awhile longer. The rest of the economy can recover, just not the housing market...

They're not your family, you should just kick them out of the house now.


My wife has been with me since my oldest stepson was 2 and his brother was 9 months or so, they ARE my family. My BIL, on the other hand....   :-{
 
2013-12-11 05:48:18 PM

qorkfiend: Duke Phillips' Singing Bears: Granted, I've got two degrees, can program, and have a massive cock, so YMMV.

Which part of the resume does that go under? I've been trying to find a reasonable place to slip it in.


I'm going with the hole that attracts you the most. I sure as hell won't judge you for it. unless it's a dog carcass. In front of a nursery school.
 
2013-12-11 05:48:42 PM
Job well done to all involved.

But now is not the time to rest on our laurels.

We must double down on our efforts to keep this economy thriving.

Well, well done.
 
Bf+
2013-12-11 05:49:53 PM
I want to get a "Thanks Obama" bumper sticker.
It's ambiguous enough that no one should know if I'm being sarcastic or serious, but I'm guessing everybody will assume I'm on their side.
 
2013-12-11 05:50:31 PM

Duke Phillips' Singing Bears: Well, anecdotal evidence being what it is, I can tell you that I started sending resumes out last week and  I've already got two interested bites.

Granted, I've got two degrees, can program, and have a massive cock, so YMMV.


Biting is a bit extreme, I don't mind when my wife nibbles, though...
 
2013-12-11 05:51:10 PM

Brick-House: Can you spell Bubble?


So, you admit that things are getting better and that there is growth happening.

/granted you think its BAD
 
2013-12-11 05:54:47 PM

Mikey1969: I really wish that the housing market would quit rebounding... Just 2-3 more years, when both of my stepsons have graduated and my brother in law is no longer leeching off of us, and we're going to be buying. No sense getting a house that will end up 1/2 empty, but I really wish prices and interest rates would stay down for awhile longer. The rest of the economy can recover, just not the housing market...


My wife and I got extraordinarily lucky--we bought a house in San Francisco City in 2010 (at the very bottom, that was nearly foreclosed upon so the seller was motivated as hell). It wasn't cheap by standards across the country, and it's not a particularly nice house--but similar homes around us are going for massively more than they were in 2010. Even when they've listed low they go for much, much more than list price.


Lesson: Move as fast as you can.
 
2013-12-11 05:55:26 PM
Also: CSB.
 
2013-12-11 05:59:48 PM

Cletus C.: Job well done to all involved.

But now is not the time to rest on our laurels.

We must double down on our efforts to keep this economy thriving.

Well, well done.


So...more stimulus? I'm ok with this. Preferably in the form of at least $1T in infrastructure spending.
 
2013-12-11 06:05:04 PM

Rincewind53: AirForceVet: Rincewind53: Incredibly disproportionately favored towards the rich, but yeah, I guess it's nice?

I'm not rich.

I do like how my 401k is running presently.

I see unemployment levels dropping, though too slowly.

Let's hope we see unemployment dropping lower and faster in 2014. That way, everybody gets more pie.

95% of the growth in wealth in the last couple of years has gone to the wealthy.

That's more what I meant.


Point taken.
 
2013-12-11 06:11:52 PM
About that..


i.imgur.com
 
2013-12-11 06:12:41 PM

Serious Black: SecretAgentWoman: "The drag from household deleveraging (in the aggregate) is ending." WTF does this mean???!

Deleveraging means you are lowering the amount of debt you have, probably through paying more money on the principal and not borrowing as much. I'm guessing drag is a reduction in after-tax income in this context that stops the economy from growing. Aggregate means you're looking at the population of households as a whole rather than individual households. So to translate that statement, households were paying down their debt and no longer are, and that means they have more money to spend and grow the economy.


Correct, but this has me beating my head on the desk.  Since everyone has quit being frugal with their money and actually are now increasing their household debt, that is good news!  How stupid is this?

How many bubbles do we need that is based upon credit until we finally get it through our thick skulls that this is not a good thing?I can understand the reasoning of wanting folks to spend money, but relying on credit spending when household debt is already really high is beyond dumb.

/Make Dave Ramsey mandatory listening in High School, please.

followpioneer.files.wordpress.com
 
2013-12-11 06:13:34 PM

HeadLever: Make Dave Ramsey mandatory listening in High School, please.


No. The man teaches a theologic point of view. Make it Suze Ormond.
 
2013-12-11 06:14:42 PM

cameroncrazy1984: Cletus C.: Job well done to all involved.

But now is not the time to rest on our laurels.

We must double down on our efforts to keep this economy thriving.

Well, well done.

So...more stimulus? I'm ok with this. Preferably in the form of at least $1T in infrastructure spending.


Please for the love of god. Nice things aren't cheap, and they require maintenance, or they cease to be nice things. We're number one right? Let's get on that.
 
2013-12-11 06:16:34 PM

HeadLever: Serious Black: SecretAgentWoman: "The drag from household deleveraging (in the aggregate) is ending." WTF does this mean???!

Deleveraging means you are lowering the amount of debt you have, probably through paying more money on the principal and not borrowing as much. I'm guessing drag is a reduction in after-tax income in this context that stops the economy from growing. Aggregate means you're looking at the population of households as a whole rather than individual households. So to translate that statement, households were paying down their debt and no longer are, and that means they have more money to spend and grow the economy.

Correct, but this has me beating my head on the desk.  Since everyone has quit being frugal with their money and actually are now increasing their household debt, that is good news!  How stupid is this?

How many bubbles do we need that is based upon credit until we finally get it through our thick skulls that this is not a good thing?I can understand the reasoning of wanting folks to spend money, but relying on credit spending when household debt is already really high is beyond dumb.

/Make Dave Ramsey mandatory listening in High School, please.

[followpioneer.files.wordpress.com image 842x480]


Household debt was ~96% of the US GDP as of a few years ago? I'm no economist but wtf.
 
2013-12-11 06:19:03 PM

qorkfiend: Duke Phillips' Singing Bears: Granted, I've got two degrees, can program, and have a massive cock, so YMMV.

Which part of the resume does that go under? I've been trying to find a reasonable place to slip it in.


I just photocopy it and make it my cover letter.
 
2013-12-11 06:22:25 PM

Duke Phillips' Singing Bears: qorkfiend: Duke Phillips' Singing Bears: Granted, I've got two degrees, can program, and have a massive cock, so YMMV.

Which part of the resume does that go under? I've been trying to find a reasonable place to slip it in.

I just photocopy it and make it my cover letter.


Which is why I submit my resume and cover letter on legal sized paper.
 
2013-12-11 06:24:49 PM

qorkfiend: Duke Phillips' Singing Bears: Granted, I've got two degrees, can program, and have a massive cock, so YMMV.

Which part of the resume does that go under? I've been trying to find a reasonable place to slip it in.


Well you really have only 3 choices 2 if you're gay
 
2013-12-11 06:25:11 PM

qorkfiend: Duke Phillips' Singing Bears: Granted, I've got two degrees, can program, and have a massive cock, so YMMV.

Which part of the resume does that go under? I've been trying to find a reasonable place to slip it in.


The proper etiquette is to use a fullsize silhouette of the asset in question as a watermark on the page.
 
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