Welcome Guest [Log In] [Register]
We hope you enjoy your visit.


You're currently viewing our forum as a guest. This means you are limited to certain areas of the board and there are some features you can't use. If you join our community, you'll be able to access member-only sections, and use many member-only features such as customizing your profile, sending personal messages, and voting in polls. Registration is simple, fast, and completely free.


Join our community!


If you're already a member please log in to your account to access all of our features:

Username:   Password:
Add Reply
Economist says we are entering a recession; more hope and change
Topic Started: Jun 5 2016, 03:57 PM (518 Views)
Pat
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
It sounds like the next president gets to inherit a recession. The bad economic numbers are becoming too hard to ignore.

And this coupled with near zero economic growth. :banghead:


http://www.breitbart.com/video/2016/06/04/kudlow-on-mays-poor-employment-report-we-are-in-a-mild-business-recession/

Economist Larry Kudlow reacted Friday on “The Steve Malzberg Show” to the Obama administrations’s poor numbers for the month of May’s jobs report, saying he believes the country is entering “a mild business recession.”

“It’s been five months now and the only reason the unemployment rate fell a bit is because 458,000 people left the labor force,” Kudlow explained.

“It’s not a pretty picture” he added. “I think we are in a mild business recession. “It’s not a whole economy recession, because consumers are still spending some and housing is OK, but I gotta tell ya — business recessions are always the leading indicator.”
Offline Profile Quote Post Goto Top
 
Corky52
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
Pat,


Better hurry and go buy some gold certificates!



:smoker:
Offline Profile Quote Post Goto Top
 
Brewster
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
Don'tcha just love Breitbart?

No matter how many times they've been proven wrong, if not outright lying, it never slows them down in their Right Wing "The Dems ae leading us over a cliff" rhetoric. They even do it when the Reps are controlling Congress, like now.

And the Gullibles just keep swallowing their guff, no matter how many of Breitbart's predictions of doom and gloom never develop into anything but hot air. They must have the memory capacity of a Goldfish.'
Offline Profile Quote Post Goto Top
 
Sea Dog
No Avatar
Fire & Ice Senior Diplomat
[ * ]
I have been hearing this doom and gloom
all of my life.
Yet, for the average person, young or old,
conditions have never been better.

When I look at my kids and grandkids,
their life styles and friends,
I am amazed how much lifestyles have improved!

No, save the tales of woe and Obama bashing
for someone else, I am not buying it!
Offline Profile Quote Post Goto Top
 
Banandangees
Member Avatar
Fire & Ice Senior Diplomat
[ * ]

Opps! There goes Brew with his "source" thingy again. His best retort offer to the content. He credits Breitbart for some bias and untruthfulness. Never mind that Breitbart apparently is quoting that left leaning source of CNBC and it's "senior contributor," Larry Kudlow and not a Breitbart original at all. An example of "Brew facts." But, if it's the best you've got, then it's the best you've got.

Also, Brew and Sea both refer to the left leaning source link as being "gloom and doom." That appears, from the title, as being a bit of an exaggeration, which in itself is a misleading "Brew/Sea facts." The title, in case you didn't bother to read it, is "We are in a Mild Business Recession." Hardly being worthy of reaching the level of gloom and doom I'd say.

I can't believe that all Canadians are like Brew and Sea. In fact, I refuse to believe it. Although, I could be wrong.
Offline Profile Quote Post Goto Top
 
Pat
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
Banandangees
Jun 5 2016, 09:06 PM
Opps! There goes Brew with his "source" thingy again. His best retort offer to the content. He credits Breitbart for some bias and untruthfulness. Never mind that Breitbart apparently is quoting that left leaning source of CNBC and it's "senior contributor," Larry Kudlow and not a Breitbart original at all. An example of "Brew facts." But, if it's the best you've got, then it's the best you've got.

Also, Brew and Sea both refer to the left leaning source link as being "gloom and doom." That appears, from the title, as being a bit of an exaggeration, which in itself is a misleading "Brew/Sea facts." The title, in case you didn't bother to read it, is "We are in a Mild Business Recession." Hardly being worthy of reaching the level of gloom and doom I'd say.

I can't believe that all Canadians are like Brew and Sea. In fact, I refuse to believe it. Although, I could be wrong.
:smile:

Yes, I wonder if the two of them ever step back and ponder their posts? Breitbart like most print or internet media, compiles articles for the listeners to read. As in this example, Larry Kudlow is a very respect economist and analyst who can be viewed on CNBC Financial channel on cable. And, anybody that has watched his daily show would understand how odd Brew's statement would be when discussion something he has ascertained from research.
Offline Profile Quote Post Goto Top
 
Stoned
No Avatar
Fire & Ice Senior Diplomat
[ * ]
Pat
Jun 5 2016, 03:57 PM
It sounds like the next president gets to inherit a recession. The bad economic numbers are becoming too hard to ignore.

And this coupled with near zero economic growth. :banghead:


http://www.breitbart.com/video/2016/06/04/kudlow-on-mays-poor-employment-report-we-are-in-a-mild-business-recession/

Economist Larry Kudlow reacted Friday on “The Steve Malzberg Show” to the Obama administrations’s poor numbers for the month of May’s jobs report, saying he believes the country is entering “a mild business recession.”

“It’s been five months now and the only reason the unemployment rate fell a bit is because 458,000 people left the labor force,” Kudlow explained.

“It’s not a pretty picture” he added. “I think we are in a mild business recession. “It’s not a whole economy recession, because consumers are still spending some and housing is OK, but I gotta tell ya — business recessions are always the leading indicator.”
Economic growth per year. Not bad for climbing out of the second worst economic disaster in our history.



Date Value
Mar 31, 2016 3.24%
Dec 31, 2015 3.12%
Dec 31, 2014 3.88%
Dec 31, 2013 4.05%
Dec 31, 2012 3.24%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%
Online Profile Quote Post Goto Top
 
Stoned
No Avatar
Fire & Ice Senior Diplomat
[ * ]
Stoned
Jun 6 2016, 01:09 AM
Pat
Jun 5 2016, 03:57 PM
It sounds like the next president gets to inherit a recession. The bad economic numbers are becoming too hard to ignore.

And this coupled with near zero economic growth. :banghead:


http://www.breitbart.com/video/2016/06/04/kudlow-on-mays-poor-employment-report-we-are-in-a-mild-business-recession/

Economist Larry Kudlow reacted Friday on “The Steve Malzberg Show” to the Obama administrations’s poor numbers for the month of May’s jobs report, saying he believes the country is entering “a mild business recession.”

“It’s been five months now and the only reason the unemployment rate fell a bit is because 458,000 people left the labor force,” Kudlow explained.

“It’s not a pretty picture” he added. “I think we are in a mild business recession. “It’s not a whole economy recession, because consumers are still spending some and housing is OK, but I gotta tell ya — business recessions are always the leading indicator.”
Economic growth per year. Not bad for climbing out of the second worst economic disaster in our history.



DateValue
Mar 31, 2016 3.24%
Dec 31, 2015 3.12%
Dec 31, 2014 3.88%
Dec 31, 2013 4.05%
Dec 31, 2012 3.24%
Dec 31, 2011 3.64%
Dec 31, 2010 4.56%

One must also note that there was absolutely no help from the Republican congresses.

Like the replacement bill for Obamacare they are still working on a "jobs" bill. The next will be their first.
Edited by Stoned, Jun 6 2016, 01:14 AM.
Online Profile Quote Post Goto Top
 
Stoned
No Avatar
Fire & Ice Senior Diplomat
[ * ]
Banandangees
Jun 5 2016, 09:06 PM
Opps! There goes Brew with his "source" thingy again. His best retort offer to the content. He credits Breitbart for some bias and untruthfulness. Never mind that Breitbart apparently is quoting that left leaning source of CNBC and it's "senior contributor," Larry Kudlow and not a Breitbart original at all. An example of "Brew facts." But, if it's the best you've got, then it's the best you've got.

Also, Brew and Sea both refer to the left leaning source link as being "gloom and doom." That appears, from the title, as being a bit of an exaggeration, which in itself is a misleading "Brew/Sea facts." The title, in case you didn't bother to read it, is "We are in a Mild Business Recession." Hardly being worthy of reaching the level of gloom and doom I'd say.

I can't believe that all Canadians are like Brew and Sea. In fact, I refuse to believe it. Although, I could be wrong.
Larry Kudlow. I would say he is a bit of a conservative and hasn't a great track record.



Kudlow firmly denied that the United States would enter a recession in 2007, or that it was in the midst of a recession in early to mid-2008. In December 2007, he wrote: "The recession debate is over. It's not gonna happen. Time to move on. At a bare minimum, we are looking at Goldilocks 2.0. (And that's a minimum). The Bush boom is alive and well. It's finishing up its sixth splendid year with many more years to come".[19] In May 2008 he wrote: "President George W. Bush may turn out to be the top economic forecaster in the country".............................


https://en.wikipedia.org/wiki/Lawrence_Kudlow
Online Profile Quote Post Goto Top
 
Brewster
Member Avatar
Fire & Ice Senior Diplomat
[ * ]
Pat, Ban and Thump read the stuff, but just don't get it - If Kudlow had said "mild improvement", Breitbart would never have posted the article at all...

And look at what Breitbart put as their conclusion, and Pat, sucked in as usual, even emphasized:
Quote:
 
“It’s not a pretty picture” he added. “I think we are in a mild business recession. “It’s not a whole economy recession, because consumers are still spending some and housing is OK, but I gotta tell ya — business recessions are always the leading indicator.”

So Breitbart, even while reporting real facts, twisted them, and Pat immediately seized upon the twist and between them they made a mild recessionary trend sound like impending doom.

You guys will never learn.

Pat, you've been telling us that a huge downturn is impending ever since Obama took office, and the GDP and employment numbers just keep climbing.

Time is running out..

BTW Ban - CNBC is a "left leaning" source? You've got to be kidding!

(Well I guess if they're not stridently Right like Breitbart, they must be "left leaning"... Correct Ban?)
Edited by Brewster, Jun 6 2016, 01:40 AM.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
ZetaBoards - Free Forum Hosting
Fully Featured & Customizable Free Forums
Go to Next Page
« Previous Topic · Fire And Ice General Discussion · Next Topic »
Add Reply

Website Traffic Analysis