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Old 08-23-2012, 09:08 AM  
Direckshun Direckshun is offline
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The "Beveridge Curve" predicts unemployment to recover by 2014.

I've never heard of the Beveridge Curve before, but here:



You can read about it more here, by Timothy Taylor.

Taylor writes that the Curve offers several insights to the current scenario:
  • Job openings are increasing, but the unemployment rate is not.
  • There are threey key reasons for this: "a mismatch between the skills of unemployed workers and the available jobs; incentives from extended unemployment insurance that have slowed the incentive to take available jobs; and heightened uncertainty over the future course of the economy and economic policy"
  • These three factors have a historical tendency of correcting themselves over time.
  • By early 2014, the curve will have righted itself, and unemployment will drop like a rock.
Well, here's hoping.
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Old 08-23-2012, 09:16 PM   #121
Iowanian Iowanian is offline
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You're a ****ing dipshit. Oil prices move with economic activity not the president.
Oh yeah? well You're a ****ing shitdip.

...because the election of a president, or someone farting in the middle east have no effect on economy or speculation or oil prices.

Speculators assumed Obama would be a dumbass when it came to issues with petroleum, offshore drilling, foreign policy in the middle east et al. Look no further for confirmation than him working against keystone pipeline.


obama has had PLENTY of negative impact on fuel prices.
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I said I'm an expert dickrider.
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Old 08-23-2012, 09:25 PM   #122
mlyonsd mlyonsd is offline
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Originally Posted by KC native View Post
Debt can be repaid or inflated away. Deflation hurts everything.

Do you have any idea of what our GDP is currently?
Not enough to keep up with our added debt.

When do you think we should worry about our debt? Especially in relation to our GDP? Meaning, you say our debt can be repaid but at what GDP growth do we need to achieve to keep up with the debt?

We are way the **** past that. So no, the economy of today is in no way better off than 2009.
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Old 08-23-2012, 10:32 PM   #123
DaneMcCloud DaneMcCloud is offline
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Originally Posted by mlyonsd View Post

We are way the **** past that. So no, the economy of today is in no way better off than 2009.
Complete nonsense.

The stock market was at 6500 in March 2009. Today, it's at 13,200 or so. The housing market has stabilized and is recovering in larger cities. We're back to 5% a year appreciation in Los Angeles alone.

Interest rates are at an historic low. Credit has been substantially loosened.

Need I go on?
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Old 08-23-2012, 10:40 PM   #124
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Originally Posted by DaneMcCloud View Post
Complete nonsense.

The stock market was at 6500 in March 2009. Today, it's at 13,200 or so. The housing market has stabilized and is recovering in larger cities. We're back to 5% a year appreciation in Los Angeles alone.

Interest rates are at an historic low. Credit has been substantially loosened.

Need I go on?
That figure is a little deceptive though, there will always be "appreciation" after you bottom out. That said, it's nice to know that we have actually bottomed out. Recovery is coming, there is no question about that. The question is if Obama has slowed that and will continue to do so if re-elected. I feel he has done more to GET IN THE WAY of recovery then he has "helped."
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Old 08-23-2012, 10:43 PM   #125
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Originally Posted by mlyonsd View Post
I'd say the economy is about the same but the added trillions in debt make the reality of the situation a lot worse.
Maybe if Direckshun hears it from enough people...
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Old 08-23-2012, 10:43 PM   #126
DaneMcCloud DaneMcCloud is offline
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Originally Posted by AustinChief View Post
I feel he has done more to GET IN THE WAY of recovery then he has "helped."

Maybe, maybe not. But to deny the fact that things are MUCH better since 2009 is partisan at best and ignorant at worst.
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Old 08-23-2012, 10:48 PM   #127
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Originally Posted by DaneMcCloud View Post
Complete nonsense.

The stock market was at 6500 in March 2009. Today, it's at 13,200 or so. The housing market has stabilized and is recovering in larger cities. We're back to 5% a year appreciation in Los Angeles alone.

Interest rates are at an historic low. Credit has been substantially loosened.

Need I go on?
How does any of this change the fact we're borrowing about 4 billion dollars a day? How is that not horrific?
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Old 08-23-2012, 10:51 PM   #128
Direckshun Direckshun is offline
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Quote:
Originally Posted by mlyonsd View Post
I'd say the economy is about the same but the added trillions in debt make the reality of the situation a lot worse.
You're saying the economy is the same now, as it was when the economy was collapsing?

Good lord.
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Old 08-23-2012, 10:52 PM   #129
Direckshun Direckshun is offline
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Originally Posted by mlyonsd View Post
The difference in GDP between 2009-2012 and our added debt in those years doesn't make the economy 'better'.

If things were so much better you'd think Obama would be touting his record instead of claiming Romney doesn't pay taxes and enjoys people dying of cancer.
He is touting his record.

Good lord, mlyonsd.
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Old 08-23-2012, 10:52 PM   #130
DaneMcCloud DaneMcCloud is offline
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Originally Posted by fan4ever View Post
How does any of this change the fact we're borrowing about 4 billion dollars a day? How is that not horrific?
Because, for the most part, we're borrowing FROM OURSELVES. And at the lowest interest rate in history.

Furthermore, you're talking about two completely different issues.

Have we bypassed another Great Depression? YES. Has the economy recovered? Pretty much.

Is government spending too high? YES.
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Old 08-23-2012, 10:57 PM   #131
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Old 08-23-2012, 10:59 PM   #132
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Originally Posted by DaneMcCloud View Post
Because, for the most part, we're borrowing FROM OURSELVES. And at the lowest interest rate in history.

Furthermore, you're talking about two completely different issues.

Have we bypassed another Great Depression? YES. Has the economy recovered? Pretty much.

Is government spending too high? YES.
We're not relying on China to buy our bonds? And with the looming debt growing larger and unemployment at 8+ percent with a trillion dollars spent to reduce it, how has the economy recovered...I really don't see how that's at all possible.
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Old 08-23-2012, 10:59 PM   #133
Direckshun Direckshun is offline
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Originally Posted by DaneMcCloud View Post
Complete nonsense.

The stock market was at 6500 in March 2009. Today, it's at 13,200 or so. The housing market has stabilized and is recovering in larger cities. We're back to 5% a year appreciation in Los Angeles alone.

Interest rates are at an historic low. Credit has been substantially loosened.

Need I go on?
This.
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Old 08-23-2012, 11:00 PM   #134
Direckshun Direckshun is offline
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Originally Posted by DaneMcCloud View Post
Because, for the most part, we're borrowing FROM OURSELVES. And at the lowest interest rate in history.

Furthermore, you're talking about two completely different issues.

Have we bypassed another Great Depression? YES. Has the economy recovered? Pretty much.

Is government spending too high? YES.
Again, this.

Saying the economy isn't better because we have more debt is like saying I'm not overweight because I bought new shoes.

You're just lumping it all together as the same thing, either because you're being lazy or you really don't know.
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Old 08-23-2012, 11:02 PM   #135
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Originally Posted by Iowanian View Post
Oh yeah? well You're a ****ing shitdip.

...because the election of a president, or someone farting in the middle east have no effect on economy or speculation or oil prices.

Speculators assumed Obama would be a dumbass when it came to issues with petroleum, offshore drilling, foreign policy in the middle east et al. Look no further for confirmation than him working against keystone pipeline.


obama has had PLENTY of negative impact on fuel prices.
Spoken like a true ****ing rube. Keep lapping up whatever the GOP feeds you.
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