RE: The Fed cut the rate .5; DOW is up; last quarter of 2007 showed slow growth not contraction

meanwhile, gold shoots up to 935.

but no, everything is hunky dory.

The economy is the worse since 9/11/01.

uh.... wrote:

We get it...you don't think there's a recession. Great. Now, please stop posting the same thing over and over and over. This is almost as tired as your "real man" act.

1) You MUST be drawn to it as you always read my posts on the economy. Otherwise you wouldn't have the opinion that I say the same thing over and over and you wouldn't have opened THIS thread.

2) I have NEVER posted this same thing before, because The Fed just cut the rate at 2:15 today, The DOW went up as a result, and 2007 4th quarter GDP came out TODAY. If it sounds like I've said it before, it's because I correctly predicted it all before.

Just as a side note, the DOW is up almost 1,000 points now from the "crash" everyone cried about. Hope you all bought some stocks (hopefully in a mutual fund of course).

Nope wrote:

The economy is the worse since 9/11/01.

You mean the worst since unprecedented growth and wealth making? Um...Yeah! Of course it is. No WAY that kind of sustained growth could continue. It DOESN'T mean it's time to jump off a bridge though.

I put some in early today and will see what the jobs report on Friday says before I dump more in.

I am now starting to see why FW is so annoying. Sheesh, buddy, give it a break.

Flagpole really knows his stuff!

I am not really sure what you are saying.

What is it that you are saying?

Are you still saying that headline inflation for 2007 was under 2%?

Recession = 6 consecutive months of 0 growth

Rate cut was a foregone conclusion. Fed had no choice. Wall St. was screaming for it. What could BB do ... incite a sell off by holding the rate?

Fed trying to inflate it's way out of a recession= currency devaluation.

If you are not in equities STAY OUT!!!!!!

oooffff wrote:

I am now starting to see why FW is so annoying. Sheesh, buddy, give it a break.

Just trying to provide some sunshine in a dreary world my brother. Didn't mean to annoy you.

Yep wrote:

Recession = 6 consecutive months of 0 growth

6 consecutive months of contracted (receeding) growth, hence the term "recession".

in the market wrote:

I am not really sure what you are saying.

What is it that you are saying?

It's pretty clear what I'm saying...

1) The Fed cut rates by a half point.

2) The DOW is up (though at this moment just barely).

3) The last quarter of 2007 showed slow growth, not contraction

Just three facts brother.

Well, now the DOW is down. Guess it's time to bunk with Peeps and his gold and guns. I'll bring the canned goods.

how does this all help the value of the dollar?

Flagpole Willy wrote:

Yep wrote:

Recession = 6 consecutive months of 0 growth

6 consecutive months of contracted (receeding) growth, hence the term "recession".

Wrong!

why do you want a strong dollar right now? Our exports are one of the stronger areas of our economy now that financials and real estate are in the toilet.

Yep wrote:

Flagpole Willy wrote:

6 consecutive months of contracted (receeding) growth, hence the term "recession".

Wrong!

What the hell? Go do a google search for "recession definition" then get back to me.

2 consecutive quarters of negative GDP is the definition.

How could you hit exactly 0 growth?

You're wrong brother.

The only debate is how you determine negative growth, but ZERO growth is NOT the definition. It has to RECEDE, hence the term "RECESSION".

Flagpole Willy wrote:

What the hell? Go do a google search for "recession definition" then get back to me.

2 consecutive quarters of negative GDP is the definition.

How could you hit exactly 0 growth?

You're wrong brother.

The only debate is how you determine negative growth, but ZERO growth is NOT the definition. It has to RECEDE, hence the term "RECESSION".

Technically, 2 quarters is different than 6 months. If January and February are up 1% each and March is down 8%, that is 1 quarter of contraction, even though two of the three months were up. If April and May are then down 4% each and June is up 1%, that is a second consecutive quarter of negative growth.

Splitting hairs maybe...but 2 consecutive quarters is different than 6 months.

Other than that, thanks for sharing the financial info. I've learned a few things and got a couple of ideas from your posts. Keep them coming.