Sally V,
More to brighten up your day:
http://davidstockmanscontracorner.com/implosion-in-the-malls-main-street-is-dropping-not-shopping/
Igy
Sally V,
More to brighten up your day:
http://davidstockmanscontracorner.com/implosion-in-the-malls-main-street-is-dropping-not-shopping/
Igy
Inflation is north of 5%? Most of America is in a recession? The guy is certifiable.
Thanks for the laughs.
Sally V,
If it is so laughable why then is entitlement spending on food stamps at record levels, and middle class wage growth non-existent?
Perhaps you are one of "the ignorant masses dazed, confused, and endlessly distracted by Cecil the Lion, Bruce/Caitlyn Jenner, Ferguson, and blood coming out of whatever."
Igy
You must have a different definition of "recession" than most economists. I haven't seen one yet that mentions entitlement spending, though I certainly agree there sometimes is a connection.
As for wage growth, I certainly wouldn't say it's non-existent when the latest data I found shows a 5+% increase comparing May 2015 with one year prior.
Either way, there's still no recession and Stockman is still an idiot.
C'mon, Igy, that article is 8 months old. Try to keep up.
Update: 4.14% wage growth comparing June 2015 with June 2014.
POTO,
Here is another, it is John Hussman via David Stockman. Enjoy the reading.
Igy
Admittedly middle-class wage growth is puny, but it's not "non-existent".
Ghost of Igloi wrote:
POTO,
Here is another, it is John Hussman via David Stockman. Enjoy the reading.
http://davidstockmanscontracorner.com/after-the-bull-corporate-debt-is-the-road-to-oblivion-in-a-bear-market/Igy
You do realize that there are something like 8 different people on this thread who post under the handle, 'Pointing Out the Obvious', no?
P0T0,
OK.
POTO>0
Yes, no?
Igy
Ghost of Igloi wrote:
P0T0,
OK.
POTO>0
Yes, no?
Igy
P0T0, POTO, Pointing Out the Obvious are used by many different people on this thread. Whether or not that answers the question indicated by your use of a question mark is unclear to me since your question itself is not at all Obvious.
cogito ergo sum
Ghost of Igloi wrote:
cogito ergo sum
You really enjoy hearing yourself talk, huh? Reading your own posts... This place is like heaven for you.
POTO>0,
and still looking for the 72 virgins....
Igy
Ghost of Igloi wrote:
POTO>0,
and still looking for the 72 virgins....
Igy
How old did you say you were again?
A reminder to all that POTO is a registered name no longer belonging to the original Pointing Out the Obvious. I changed my handle and registered it when the troll Pointing Out the Obvious stole my name. Thank you for your understanding.
POTO>0,
I will be 65 next month, I received my Medicare Card two weeks ago. Thanks for the birthday wishes.
Igy
POTO>0,
Thanks for explaining. I am no longer confused. I think.
Igy
What I find amusing, one of the POTOs loves flipping crap at people, yet when you flip it back he can't take it. Reminds me of a guy I ran with in college.
Igy
Shanghai down over 6% overnight and WTI at $41.80. Stockman does a good job of summarizing we we are currently. Disregard his thoughful comments if you like.
Igy