Here comes the other economic shoe dropping...

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klr
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Re: Here comes the other economic shoe dropping...

Post by klr » Fri Aug 27, 2010 11:09 am

Clinton Huxley wrote:
klr wrote:
Clinton Huxley wrote:Hurrah, things...can only get better, can only get better...lalalala

http://www.guardian.co.uk/business/2010 ... nine-years
It's easy to improve when you're starting from rock-bottom ... :coffee:
It's a sign that the bright sunlight of the economic highlands is just around the corner. Definitely.
Your optimism is commendable. Can I interest you in this property investment opportunity? It's a goldmine guv, bottom of the market ...

:plot:
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Clinton Huxley
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Re: Here comes the other economic shoe dropping...

Post by Clinton Huxley » Fri Aug 27, 2010 11:15 am

klr wrote:
Clinton Huxley wrote:
klr wrote:
Clinton Huxley wrote:Hurrah, things...can only get better, can only get better...lalalala

http://www.guardian.co.uk/business/2010 ... nine-years
It's easy to improve when you're starting from rock-bottom ... :coffee:
It's a sign that the bright sunlight of the economic highlands is just around the corner. Definitely.
Your optimism is commendable. Can I interest you in this property investment opportunity? It's a goldmine guv, bottom of the market ...

:plot:
I shall send you my bank details. I'm rich, rich!
"I grow old … I grow old …
I shall wear the bottoms of my trousers rolled"

AND MERRY XMAS TO ONE AND All!

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Re: Here comes the other economic shoe dropping...

Post by JimC » Fri Aug 27, 2010 11:58 am

Personally, I am hoarding toilet paper and gin. When civilisation collapses, I shall be sitting pretty...
Nurse, where the fuck's my cardigan?
And my gin!

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klr
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Re: Here comes the other economic shoe dropping...

Post by klr » Fri Aug 27, 2010 12:01 pm

JimC wrote:Personally, I am hoarding toilet paper and gin. When civilisation collapses, I shall be sitting pretty...
Only one letter out from being perfect ... :shifty:
God has no place within these walls, just like facts have no place within organized religion. - Superintendent Chalmers

It's not up to us to choose which laws we want to obey. If it were, I'd kill everyone who looked at me cock-eyed! - Rex Banner

The Bluebird of Happiness long absent from his life, Ned is visited by the Chicken of Depression. - Gary Larson

:mob: :comp: :mob:

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Re: Here comes the other economic shoe dropping...

Post by Coito ergo sum » Fri Aug 27, 2010 1:30 pm

US GDP numbers to be revised down today - growth for first half of the year "anemic" to "stagnant." http://www.latimes.com/business/la-fi-e ... 1261.story
But just as there is widespread agreement that the economy is faltering, there is also a sense that the federal government is running out of options to rebuild momentum.

"Housing is in the tank. Confidence is going down. The stock market is going down. It's hard to imagine how consumers will spend," said Sung Won Sohn, an economics professor at Cal State Channel Islands and former chief economist for Wells Fargo.

He put the probability that economic growth will slide back into negative territory — a double-dip recession — at "40% and going up."

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Clinton Huxley
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Re: Here comes the other economic shoe dropping...

Post by Clinton Huxley » Fri Aug 27, 2010 2:00 pm

Splendid news - Aga sales are on the rise!

http://www.guardian.co.uk/business/2010 ... k-in-black
"I grow old … I grow old …
I shall wear the bottoms of my trousers rolled"

AND MERRY XMAS TO ONE AND All!

Imagehttp://25kv.co.uk/date_counter.php?date ... 20counting!!![/img-sig]

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Re: Here comes the other economic shoe dropping...

Post by Coito ergo sum » Fri Aug 27, 2010 2:03 pm

Clinton Huxley wrote:Splendid news - Aga sales are on the rise!

http://www.guardian.co.uk/business/2010 ... k-in-black
That is good news!

Let's go Brits! Pull the world economy up! The US sure ain't doin' it....

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Re: Here comes the other economic shoe dropping...

Post by Coito ergo sum » Fri Aug 27, 2010 2:10 pm

And the Democrats set out to destroy the economy! http://thehill.com/homenews/house/11025 ... s-may-wait

Although for 7+ years now, Democrats have stated that the Bush tax cuts hurt the economy by sending deficits soaring, they now want to extend the tax cuts in order to help the economy....makes perfect sense.... :fp2:

After all, taxes were higher under Clinton, and the economy better, so raising taxes would help the economy. :bunny:

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Re: Here comes the other economic shoe dropping...

Post by Svartalf » Fri Aug 27, 2010 2:14 pm

Clinton Huxley wrote:Splendid news - Aga sales are on the rise!

http://www.guardian.co.uk/business/2010 ... k-in-black
Cast iron stoves? I thought the one in my granmother's home was a legacy from the house being built back in the 1890s... You have to have your own woods to make feeding that kind of apparatus economically viable.
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Svartalf
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Re: Here comes the other economic shoe dropping...

Post by Svartalf » Fri Aug 27, 2010 2:17 pm

Coito ergo sum wrote:And the Democrats set out to destroy the economy! http://thehill.com/homenews/house/11025 ... s-may-wait

Although for 7+ years now, Democrats have stated that the Bush tax cuts hurt the economy by sending deficits soaring, they now want to extend the tax cuts in order to help the economy....makes perfect sense.... :fp2:

After all, taxes were higher under Clinton, and the economy better, so raising taxes would help the economy. :bunny:
What do you expect with the midterms coming up? At best, they'll delay any taxing till after the vote... my own guesstimate would be that Obie would wait till he gets his second term before dropping the hot potato and ruining biden's presidential hopes.
Embrace the Darkness, it needs a hug

PC stands for "Patronizing Cocksucker" Randy Ping

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Clinton Huxley
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Re: Here comes the other economic shoe dropping...

Post by Clinton Huxley » Fri Aug 27, 2010 2:18 pm

Svartalf wrote:
Clinton Huxley wrote:Splendid news - Aga sales are on the rise!

http://www.guardian.co.uk/business/2010 ... k-in-black
Cast iron stoves? I thought the one in my granmother's home was a legacy from the house being built back in the 1890s... You have to have your own woods to make feeding that kind of apparatus economically viable.

Apparently, France is the No 1 export market.....you can't get enough.
"I grow old … I grow old …
I shall wear the bottoms of my trousers rolled"

AND MERRY XMAS TO ONE AND All!

Imagehttp://25kv.co.uk/date_counter.php?date ... 20counting!!![/img-sig]

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Re: Here comes the other economic shoe dropping...

Post by Coito ergo sum » Fri Aug 27, 2010 2:44 pm

Svartalf wrote:
Coito ergo sum wrote:And the Democrats set out to destroy the economy! http://thehill.com/homenews/house/11025 ... s-may-wait

Although for 7+ years now, Democrats have stated that the Bush tax cuts hurt the economy by sending deficits soaring, they now want to extend the tax cuts in order to help the economy....makes perfect sense.... :fp2:

After all, taxes were higher under Clinton, and the economy better, so raising taxes would help the economy. :bunny:
What do you expect with the midterms coming up? At best, they'll delay any taxing till after the vote... my own guesstimate would be that Obie would wait till he gets his second term before dropping the hot potato and ruining biden's presidential hopes.
If they really think that higher taxes help the economy, as they've been saying for years, then they'd want the taxes up as soon as possible to prove to everyone that they are right. What's the only conclusion from their desire to delay? They must not be sure that higher taxes will help the economy, or more than likely they know for a fact that repealing the tax cuts will, in fact, hurt the economy.

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Re: Here comes the other economic shoe dropping...

Post by Clinton Huxley » Fri Aug 27, 2010 2:47 pm

Everything will be for the best in the best of all possible worlds!

http://positiveeconomicnews.com/
"I grow old … I grow old …
I shall wear the bottoms of my trousers rolled"

AND MERRY XMAS TO ONE AND All!

Imagehttp://25kv.co.uk/date_counter.php?date ... 20counting!!![/img-sig]

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Re: Here comes the other economic shoe dropping...

Post by Coito ergo sum » Fri Aug 27, 2010 2:54 pm

Clinton Huxley wrote:Everything will be for the best in the best of all possible worlds!

http://positiveeconomicnews.com/
That it will.....Leibnitz was on to something. No matter how bad this world sucks, it's still the best of all possible worlds. :biggrin:

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Re: Here comes the other economic shoe dropping...

Post by Svartalf » Fri Aug 27, 2010 3:18 pm

Coito ergo sum wrote:If they really think that higher taxes help the economy, as they've been saying for years, then they'd want the taxes up as soon as possible to prove to everyone that they are right. What's the only conclusion from their desire to delay? They must not be sure that higher taxes will help the economy, or more than likely they know for a fact that repealing the tax cuts will, in fact, hurt the economy.
They want the taxes... they just don't want to lose control of parliament, and they know that increasing taxes could tip the upcoming vote, what with Obama coming under so much fire for not making miracles?
Embrace the Darkness, it needs a hug

PC stands for "Patronizing Cocksucker" Randy Ping

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