| TheRealMafoo said:
So the economy next month will be better then this month? How about the month after that? |
Well saying "the economy" is too broad. The economy as a whole entails a lot of different things. And what people consider "better" can also be quite different. To me, better is just less bad in this context. So yes, I think the economy will be less bad this month than it was last month. And it will be less bad the following month than it will be next month.
Yeah. That's all it is. Playing with numbers. I'm sure in this economic environment they don't have 100 different groups looking over their shoulders into the validity of their numbers. Its a massive conspiracy to defraud the taxpayers out of money.
And you are also assuming that the toxic assets are as toxic as people thought. There are many signs that they might not be as toxic as people believed.
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
akuma587 said:
Well saying "the economy" is too broad. The economy as a whole entails a lot of different things. And what people consider "better" can also be quite different. To me, better is just less bad in this context. So yes, I think the economy will be less bad this month than it was last month. And it will be less bad the following month than it will be next month. Yeah. That's all it is. Playing with numbers. I'm sure in this economic environment they don't have 100 different groups looking over their shoulders into the validity of their numbers. Its a massive conspiracy to defraud the taxpayers out of money. And you are also assuming that the toxic assets are as toxic as people thought. There are many signs that they might not be as toxic as people believed.
|
Well we define economy getting better differently.
If flood waters in my home were rising, and then the water started to rise at a slower rate, I would still consider it getting worse. Only when the water started to go down would I consider the situation getting better.
And no, they are not lying, they are just playing with numbers. Just like when MS forward funded there warranty work on the 360, and then claimed a profit the next year, even though they lost a shit load of money. They could call it a profit, because the allocated those funds the year before.
Congress has given banks billions of dollars, and now they show a profit. Shocking.
I'll take this opportunity to plug an old thread of mine for the second time today: http://www.vgchartz.com/forum/thread.php?id=58849
Look at that to get a basic understanding of how an economy works.
| akuma587 said: We've already hit the bottom in terms of where the DOW is going to go. I'll break this down into three of the most important factors that reflect the health of the economy, the DOW, GDP, and the unemployment rate. 1) DOW - I think we have already hit the bottom. I don't see any facts that suggest to me we will dip back below 6,600. We do need to work on addressing the national debt very soon. But letting the economy stagnant could have potentially caused the debt to sore even higher if we had sunk into another depression. Sometimes you have to spend money to make money. And frankly deflationary pressures on the dollar recently have been a much bigger threat than inflationary pressures. And I find it extremely disingenuous that many of the same people who are now complaining about the national debt were the ones who were just fine with the Republicans spending like drunken sailors in Congress since 2000. 2) GDP growth. We saw a pretty sharp drop in the 4th quarter, sharper than even a lot of the grim predictions. You are going to see negative GDP growth in Q1 too, but it is hard to say whether it will be as bad as the Q4 numbers. My guess is that in relative terms they will not be. Q2 remains to be seen, but I don't think the market as a whole is as jittery as it was. I don't think they will be as grim as the Q4 numbers even if they are in the negative. My reasoning is that consumer spending has risen slightly, which is a good indicator. 3) Employment. Employment we will probably see drop some more. Its hard to say when it will stop, as employment is kind of a different animal altogether. Its the first to go down and sometimes the last to go up. We may see 10% unemployment, or maybe even 12%. But then again we might not break 9 or 9.5%. This is probably the hardest to predict. Note: We are currently at 8.5% and lost 600,000 jobs last month. |
You're the person who thought Sony was doing ok because of they're stock price right?
Unless you've greatly increased your economic knowledge since then... why should people listen to you?
@Kasz216: Heh, don't you know, it's the recession. Everyone knows economics, nowadays. 
Kasz, you're the person who thought that if two consoles start out selling the same then one started out fast out the gate and the other didn't. All I'm really saying is that personal attacks like those aren't really appropriate.
| Kasz216 said: You're the person who thought Sony was doing ok because of they're stock price right? Unless you've greatly increased your economic knowledge since then... why should people listen to you?
|
Actually Sony's stock is up over 60% since February. I guess I am a retard who would have only gotten a 60% return on his money:
We had two bags of grass, seventy-five pellets of mescaline, five sheets of high-powered blotter acid, a salt shaker half full of cocaine, a whole galaxy of multi-colored uppers, downers, screamers, laughers…Also a quart of tequila, a quart of rum, a case of beer, a pint of raw ether and two dozen amyls. The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge. –Raoul Duke
It is hard to shed anything but crocodile tears over White House speechwriter Patrick Buchanan's tragic analysis of the Nixon debacle. "It's like Sisyphus," he said. "We rolled the rock all the way up the mountain...and it rolled right back down on us...." Neither Sisyphus nor the commander of the Light Brigade nor Pat Buchanan had the time or any real inclination to question what they were doing...a martyr, to the bitter end, to a "flawed" cause and a narrow, atavistic concept of conservative politics that has done more damage to itself and the country in less than six years than its liberal enemies could have done in two or three decades. -Hunter S. Thompson
akuma587 said:
Actually Sony's stock is up over 60% since February. I guess I am a retard who would have only gotten a 60% return on his money:
|
How so?
You tried to use Sony's stock drop to suggest that the company wasn't doing bad. When it's obvious by the massive restructurings they had to do it was doing bad.
You were wrong.
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