Inflation Highest in 16 years

[IBC]

http://www.msnbc.msn.com/id/23349559/

[Jiddy78]

http://www.msnbc.msn.com/id/23349559/

I think I posted a chart not too long ago relating production to the government's cpi numbers...and showing that this year cpi was greater than the increase....They call that a "downturn" in economics....Please refer to your business "cycle" illustrations.

[IBC]

I think I posted a chart not too long ago relating production to the government's cpi numbers...and showing that this year cpi was greater than the increase....They call that a "downturn" in economics....Please refer to your business "cycle" illustrations.

"Peaks and Valleys", right?

[V]

It will be a valley for a while....

[Jiddy78]

"Peaks and Valleys", right?

Every one of my most negative of potential economic scenarios for the local Florida market is coming into fruition, right before my very eyes...Man, I hope I was wrong about the blood in the streets...

[BoredWithNoSB]

It will be a valley for a while....

Where's the hope?

You are the change in the economy you've wanted.

[V]

There was more news about the housing market bottom dropping out, job rate is lowest in 5 years, I think. Everyone is talking about the economy right now. I have a friend from Az who is moving to NC for a new job, and Az was supposed to be a hot makret

[V]

Where's the hope?

You are the change in the economy you've wanted.

Yes, but not yet...we have to wait until the election. I think the Dems will set us straight again!

[Jiddy78]

Where's the hope?

You are the change in the economy you've wanted.


Obama's ideas will DEFINITELY promote a valley...There's some that argue that this (The valley, not Obama)might be necessary....A "cleansing" if you will...Risk returning to the marketplace could be a fine thing...but at what cost?

[Vegas]

Obama's ideas will DEFINITELY promote a valley...There's some that argue that this (The valley, not Obama)might be necessary....A "cleansing" if you will...Risk returning to the marketplace could be a fine thing...but at what cost?

When did risk leave the marketplace??

[V]

Obama's ideas will DEFINITELY promote a valley...There's some that argue that this (The valley, not Obama)might be necessary....A "cleansing" if you will...Risk returning to the marketplace could be a fine thing...but at what cost?

Yes, at what cost? The cost will go to teh CEOs that make up 1% of the population but what, 85% of economy? Is that right? I have heard republicans say that 80% of jobs are from small business owners, but the Republicans veil the small businesses with false security when in reality, it is the small business that are hurting the most. I think a Democrat (moreso Obama than Hillary--but not excluding Hillary) will definitely provide a "cleansing" which will come in the form of taxing the 1% and closing loopholes in government spending and CEO tax deductions. That will help A LOT, but we still have to wait until 2009. Meanwhile, teh shit is hitting the fan

[Jiddy78]

There was more news about the housing market bottom dropping out, job rate is lowest in 5 years, I think. Everyone is talking about the economy right now. I have a friend from Az who is moving to NC for a new job, and Az was supposed to be a hot makret


I know of at least a few handful of those cases in my own personal experience....North Carolina is just Florida and Arizona....Really attracting some deadbeats at the moment....That'll irk the locals. Got one that is doing anything they can, as a resident, to avoid NC income tax, realizing (as they left Florida for the taxes/insurance) that the income tax they'll pay up there will dwarf all the Florida tax put together....Now comes the NC prop tax....:p People don't even think...They just do....No surprise the individual works for a builder and is NOW out of work....with no dough and a bigass state tax bill they've been duckin' comin' due...

NC is going to be hating life....I hope to hell they outcasts don't come back down here when they learn the grass isn't greener when you are a Babylonian....It's all a scam, one state or the next, for those types.

[V]

Jiddy, I must say---you REALLY had me fooled! Are you an Obama supporter?

[V]

I know of at least a few handful of those cases in my own personal experience....North Carolina is just Florida and Arizona....Really attracting some deadbeats at the moment....That'll irk the locals. Got one that is doing anything they can, as a resident, to avoid NC income tax, realizing (as they left Florida for the taxes/insurance) that the income tax they'll pay up there will dwarf all the Florida tax put together....Now comes the NC prop tax....:p People don't even think...They just do....No surprise the individual works for a builder and is NOW out of work....with no dough and a bigass state tax bill they've been duckin' comin' due...

NC is going to be hating life....I hope to hell they outcasts don't come back down here when they learn the grass isn't greener when you are a Babylonian....It's all a scam, one state or the next, for those types.

LOL, he's actually going to Floriday first! I will send him your way. he escaped NC to Az almost ten years ago for the booming economy. I told him that were I was wouldn't be considered his cup of tea, as it literally took me nearly 2 1/2 years to get a decent job, and I have a lot more qualifications then he does. But hey, he'll split the rent, so I am not going to complain (just yet). Funny thing is Jiddy, as I am making plans for homeownership, I just saw taht my town approved a Landtransfer tax on the upcoming ballot!

[Jiddy78]

When did risk leave the marketplace??

Ask Joe Lents that question...

[Vegas]

Ask Joe Lents that question...

I was kind of hoping to hear your answer.

[Jiddy78]

Yes, at what cost? The cost will go to teh CEOs that make up 1% of the population but what, 85% of economy? Is that right? I have heard republicans say that 80% of jobs are from small business owners, but the Republicans veil the small businesses with false security when in reality, it is the small business that are hurting the most. I think a Democrat (moreso Obama than Hillary--but not excluding Hillary) will definitely provide a "cleansing" which will come in the form of taxing the 1% and closing loopholes in government spending and CEO tax deductions. That will help A LOT, but we still have to wait until 2009. Meanwhile, teh shit is hitting the fan

Small biz is having to duck dodge and weave tax in every way shape and form possible to keep afloat......and by afloat I mean a third car, an RV, two rental properties on top of the primary, six vacations last year and starbucks every morning.

[Jiddy78]

I was kind of hoping to hear your answer.

I think Joe is at the heart of the answer.

[Jiddy78]

LOL, he's actually going to Floriday first! I will send him your way. he escaped NC to Az almost ten years ago for the booming economy. I told him that were I was wouldn't be considered his cup of tea, as it literally took me nearly 2 1/2 years to get a decent job, and I have a lot more qualifications then he does. But hey, he'll split the rent, so I am not going to complain (just yet). Funny thing is Jiddy, as I am making plans for homeownership, I just saw taht my town approved a Landtransfer tax on the upcoming ballot!

He pissed away all of his boom money if he's a transient AZ/FL/NC guy....Keep on him for that rent check.

[V]

He pissed away all of his boom money if he's a transient AZ/FL/NC guy....Keep on him for that rent check.

Dude, he just sent me a lot of money. Remember, he's the one with the father who is rich and old. He will be fine!

[V]

Small biz is having to duck dodge and weave tax in every way shape and form possible to keep afloat......and by afloat I mean a third car, an RV, two rental properties on top of the primary, six vacations last year and starbucks every morning.

Sure for SOME--but then you have to consider the business. I meant Mom & Pops which are suffering

[Jiddy78]

I was kind of hoping to hear your answer.

Since you want me to expand, there is a reason that I stated "There are some that believe"...Personally, I don't want overwhelming pain in our economy or a depression....Although I think it would reinforce value, the real pain in order to do so would overwhelm...Do I think there is risk in the market? Definitely...For those who adhere to concepts like fairness, responsibility, conserving...Guys like me will eat the market, while gamers piss all over him....It's what it is...and if the gamer has no scruples, 5 years and he's cleansed....after 10 years of gaming...then he's back on the teet....So yeah, there's risk...Selective risk....I actually see it now in how the IRS is trying to refill its coffers...Attacking the honest guy on ticky tack points of law whilst shysters are taking out their boat and pissing on the American dream.....It's downright depressing. I should have moved to Utah. Florida is way too Babylonian for me. But hey, whores like their sunshine...and old senile people to scam...:rolleyes:

[Vegas]

Since you want me to expand, there is a reason that I stated "There are some that believe"...Personally, I don't want overwhelming pain in our economy or a depression....Although I think it would reinforce value, the real pain in order to do so would overwhelm...Do I think there is risk in the market? Definitely...For those who adhere to concepts like fairness, responsibility, conserving...Guys like me will eat the market, while gamers piss all over him....It's what it is...and if the gamer has no scruples, 5 years and he's cleansed....after 10 years of gaming...then he's back on the teet....So yeah, there's risk...Selective risk....I actually see it now in how the IRS is trying to refill its coffers...Attacking the honest guy on ticky tack points of law whilst shysters are taking out their boat and pissing on the American dream.....It's downright depressing. I should have moved to Utah. Florida is way too Babylonian for me. But hey, whores like their sunshine...and old senile people to scam...:rolleyes:

There is always risk in the market and there always will be. The old "past results don't guarantee future performance" thing for example.

[V]

Since you want me to expand, there is a reason that I stated "There are some that believe"...Personally, I don't want overwhelming pain in our economy or a depression....Although I think it would reinforce value, the real pain in order to do so would overwhelm...Do I think there is risk in the market? Definitely...For those who adhere to concepts like fairness, responsibility, conserving...Guys like me will eat the market, while gamers piss all over him....It's what it is...and if the gamer has no scruples, 5 years and he's cleansed....after 10 years of gaming...then he's back on the teet....So yeah, there's risk...Selective risk....I actually see it now in how the IRS is trying to refill its coffers...Attacking the honest guy on ticky tack points of law whilst shysters are taking out their boat and pissing on the American dream.....It's downright depressing. I should have moved to Utah. Florida is way too Babylonian for me. But hey, whores like their sunshine...and old senile people to scam...:rolleyes:

You have NO idea how true that is!

[BoredWithNoSB]

So, Jiddy, what is your take on whether this is an isolated domestic purging or an international purging?

You have Dubai, China, etc dwarfing our growth rate and a lot of it is happenning in a shady way. Can we even isolate oursleves enough from their influence to accept our pennance?

[Jiddy78]

There is always risk in the market and there always will be. The old "past results don't guarantee future performance" thing for example.

If the market takes, and the government and banks forgive, what debt is repaid? Your concept of risk is much different than mine. Past results have established enough precedent for me to think nothing will change this time. You live in the land of gamblers, if I had 5 bucks for every bankruptcy/con story you've been told, I'd be filthy rich.

[V]

So, Jiddy, what is your take on whether this is an isolated domestic purging or an international purging?

You have Dubai, China, etc dwarfing our growth rate and a lot of it is happenning in a shady way. Can we even isolate oursleves enough from their influence to accept our pennance?

I still can't believe Bush allowed China to grow so much under his watch!

[Jiddy78]

So, Jiddy, what is your take on whether this is an isolated domestic purging or an international purging?

You have Dubai, China, etc dwarfing our growth rate and a lot of it is happenning in a shady way. Can we even isolate oursleves enough from their influence to accept our pennance?

You will never....EVER...see me visit Dubai....I'd rather become a Realtor tm.

[Vegas]

If the market takes, and the government and banks forgive, what debt is repaid? Your concept of risk is much different than mine. Past results have established enough precedent for me to think nothing will change this time. You live in the land of gamblers, if I had 5 bucks for every bankruptcy/con story you've been told, I'd be filthy rich.

People getting kicked out of their homes for foreclosure and people losing money in the stock market is hardly a new thing. People expecting the government to "do something" about it is hardly a new thing.

[Vegas]

I still can't believe Bush allowed China to grow so much under his watch!

Was this meant as a joke?

[Jiddy78]

People getting kicked out of their homes for foreclosure and people losing money in the stock market is hardly a new thing. People expecting the government to "do something" about it is hardly a new thing.

I disagree. Homeownership and the "American Dream" is a very very new concept...and we are a very very new country. Your perspective is far different from mine. I don't know what you mean by the government "doing something" about it...Last I checked, it is the individual who initiates bankruptcy court proceedings....while vultures swoop above and dive out for pecks of the rotting carcass heap below.....I guess so long as everybody gets a piece out of my pocket, paying as a taxpayer or as a consumer that makes up for the inability of others to do so-check that, the desire not to do so-it's all good....So long as Vegas can keep shorting his stocks, playing tennis, and taking Hawaiian vacations, injustice will be overlooked....Multiply that by millions and here we are...

Somewhere, somehow I think all of this injustice is rewarded...The question is where and when. Every fiber of my being is telling me that God wants us to do it on our own....but that's another story for another thread.

[Vegas]

I disagree. Homeownership and the "American Dream" is a very very new concept...and we are a very very new country. Your perspective is far different from mine. I don't know what you mean by the government "doing something" about it...Last I checked, it is the individual who initiates bankruptcy court proceedings....while vultures swoop above and dive out for pecks of the rotting carcass heap below.....I guess so long as everybody gets a piece out of my pocket, paying as a taxpayer or as a consumer that makes up for the inability of others to do so-check that, the desire not to do so-it's all good....So long as Vegas can keep shorting his stocks, playing tennis, and taking Hawaiian vacations, injustice will be overlooked....Multiply that by millions and here we are...

Somewhere, somehow I think all of this injustice is rewarded...The question is where and when. Every fiber of my being is telling me that God wants us to do it on our own....but that's another story for another thread.

Jid, don't tell me I advocate injustice. It's hardly true.

But the American dream of home ownership goes back as long as there's been an America. And debt financing of home ownership is older than you and I combined. When prices dip, there's never been a shortage of people who want the government to "do something" nor has there been a shortage of politicians who are trying to get elected by "doing something."

[BoredWithNoSB]

Jid, don't tell me I advocate injustice. It's hardly true.

But the American dream of home ownership goes back as long as there's been an America. And debt financing of home ownership is older than you and I combined. When prices dip, there's never been a shortage of people who want the government to "do something" nor has there been a shortage of politicians who are trying to get elected by "doing something."

The problem is it was considered a dream, not a right. Things fundementally changed when the government started backing mortgages.

Take a look at the chart on P22:
http://www.jchs.harvard.edu/publications/homeownership/masnick_w01-4.pdf

Tell me something didn't fundementally change.

Cheap money for those who have not saved or able to show financial stabilty is new and bad thing. These people had no right to housing and we should not have to pay for their greed. Historically renting has been good enough for over 50% of the American population. It's fine to have a dream of home ownership and those who are willing to save for it should be able to attain it, but this 'home ownership for everybody' crap has put us in a world of hurt.

[V]

You will never....EVER...see me visit Dubai....I'd rather become a Realtor tm.

Why? They were going to take such good care of our ports!

[Jiddy78]

Jid, don't tell me I advocate injustice. It's hardly true.

But the American dream of home ownership goes back as long as there's been an America. And debt financing of home ownership is older than you and I combined. When prices dip, there's never been a shortage of people who want the government to "do something" nor has there been a shortage of politicians who are trying to get elected by "doing something."

I'll go one-up for you fella...I'll tell you the opposite. You don't advocate injustice.....But I do think you underestimate the effects of injustice on our quality of life going forward.

[Vegas]

I'll go one-up for you fella...I'll tell you the opposite. You don't advocate injustice.....But I do think you underestimate the effects of injustice on our quality of life going forward.

I don't know how you got that idea.

[Jiddy78]

I don't know how you got that idea.

There is always risk in the market and there always will be.

Selective Risk. Not Risk. There is a difference. A fundamental difference.

[Ed Who?]

I'll go one-up for you fella...I'll tell you the opposite. You don't advocate injustice.....But I do think you underestimate the effects of injustice on our quality of life going forward.

Injustice is called life. Many steps have been taken to right some wrongs, but guess what? Human relations are built upon one person being better off than the other. Just that many people have tried to break down the walls that separate. Which is cool, except for the fact that most of the people portraying themselves as wallbreakers would step to the other side of the line just as infrequently as those who are portrayed as supporting socioeconomic "injustice."

Righting the wrongs of economic injustice is best administered by religious organizations; unfortunately, that type of system removes the ability to rope our country into the Nanny-State structure that preserves Socialist doctrine. Thus the movement to secularize society; break down religion, and there is no means to feed the poor besides Socialist programs.

[Vegas]

Selective Risk. Not Risk. There is a difference. A fundamental difference.

So because I believe there is always risk in the market, I advocate injustice?

[Jiddy78]

So because I believe there is always risk in the market, I advocate injustice?


I just told you in a very direct manner that you don't advocate injustice...Perhaps something with a little flair will help?


Sweet Dulcinea,

Your beautiful eyes and harmonious voice could never be the forefront for such a travesty as would imply that a wonderful poster such as yourself would promote the idea of advocating injustice. Please accept my humblest apologies a million times over.

Your Knight Errant,

Jiddy

[Vegas]

I just told you in a very direct manner that you don't advocate injustice...Perhaps something with a little flair will help?


Sweet Dulcinea,

Your beautiful eyes and harmonious voice could never be the forefront for such a travesty as would imply that a wonderful poster such as yourself would promote the idea of advocating injustice. Please accept my humblest apologies a million times over.

Your Knight Errant,

Jiddy

That's beautiful.

[Ed Who?]

That's beautiful.

Hopefully Jiddy got a happy ending.

[Vegas]

Hopefully Jiddy got a happy ending.

Don't look at me.

[Jiddy78]

Injustice is called life. Many steps have been taken to right some wrongs, but guess what? Human relations are built upon one person being better off than the other. Just that many people have tried to break down the walls that separate. Which is cool, except for the fact that most of the people portraying themselves as wallbreakers would step to the other side of the line just as infrequently as those who are portrayed as supporting socioeconomic "injustice."

Righting the wrongs of economic injustice is best administered by religious organizations; unfortunately, that type of system removes the ability to rope our country into the Nanny-State structure that preserves Socialist doctrine. Thus the movement to secularize society; break down religion, and there is no means to feed the poor besides Socialist programs.

I don't know about that one Ed...That's pretty radical....and, IMO, and based on personal experience with private Catholic education, a disaster in the making if it occurred.

[IBC]

Righting the wrongs of economic injustice is best administered by religious organizations; unfortunately, that type of system removes the ability to rope our country into the Nanny-State structure that preserves Socialist doctrine. Thus the movement to secularize society; break down religion, and there is no means to feed the poor besides Socialist programs.

Tin foil hat time? Nobody is trying to end religion Ed. No more than white power groups are actually wielding any power. The "trying to turn us socialist" stuff? Who benefits man? If we really have commies in our mist trying to turn us socialist, who is the beneficiary of all this? Explain your theory a little more. Cui bono?

[Jiddy78]

That's beautiful.

Sorry...My classical movie marathon is overcoming me....

We are all men of La Mancha. :p

[Jiddy78]

Hopefully Jiddy got a happy ending.

Keep this up and I'll call you Aldonza.