January 2009: Official unemployment rates is up to 7.6%, U-6 is at 13.9%

[one...two...tree 2,762]

Are you a Nobel prize winning economists?

Neither is a lawyer (obama) or people like Pelosi and co.

My whole point is that spending money in areas that generate actual jobs is a must. In this economic environment wasting money on social stuff like STD prevention or $110 million on contraception for minorities should not be an option. basically you cannot afford it. Moves like that shows who really got America into this mess.

The CEO's and executives are caned for their actions but Congress has wasted $10 trillion yet faces absolutely no consequences for their incompetence. I am starting to believe Bill Maher, Americans are idiots. You guys force a president to leave after 2 terms yet allow incompetent and corrupt senators to stay on as long as they like. basically as long as their own interests and those of others who bankroll them are being served.

This is your Achilles Heel, BY - you can't seem to escape this hard wired notion of making broad assumptions and silly generalizations about things. If I could go back in time when you were a young, impressionable lad - I would have kicked it right out of you.

[Rocky_nBullwinkle 6]

McCain and the Rethuglicans lost....under the current crises, with so many Americans unemployed, they need to not interfere with Obama's agenda.

There is a bipartisan group working off the floor right now, putting together a $750,000,000,000 package that might pass the Senate, and get the bill into conference.

--Bullwinkle

750,000,000,000?

I prefer to think it as 0.75 Trillion

I did edit the number, but then, as fast the bill is growing, give them another couple of weeks...

--Bullwinkle

[Heracles 417]

Cool. I bank with 3 banks and they all lost money

So did Commonwealth Bank - their stock is down over 46% over the last year, and they don't report their earnings until Feb 11.

Feb. 2 (Bloomberg) -- Commonwealth Bank of Australia, the nation’s biggest mortgage lender, said first-half profit will fall 16 percent to about A$2 billion ($1.3 billion) as bad-loan charges increase.

Unlike British banks which are being nationalized. Not bad for a former convict colony.

This is your Achilles Heel, BY - you can't seem to escape this hard wired notion of making broad assumptions and silly generalizations about things. If I could go back in time when you were a young, impressionable lad - I would have kicked it right out of you.

I am just repeating the words of a fellow die-hard anti-right wing liberal (Bill Maher). So if you have a problem with it, take it up with your compadre. you know, the kind of guys republicans question whether they like America. I have never heard anyone else say stuff like that about their country. This was the norm during the Bush years.

I am sure now that Obama is in, the same moron left wing liberal Americans will be beating on about how awesome this country is.

Edited February 6, 2009 by Aficionado

[mawilson 2,133]

My God...the Senate better act fast on voting for the Stimulus Bill.

Things are already getting better without their stupid bill.

They are?

Well only 598,000 jobs were lost in January.

We lost 693,000 jobs in December.

What's so funny, Steven? Job losses will only accelerate if the stimulus is passed.

This crisis was caused by overspending (real estate) and excessive debt (both citizens and government).

The proposed "solution" is more of the same - more spending, more debt, more bubbles.

[Trumplestiltskin 5,791]

Cool. I bank with 3 banks and they all lost money

So did Commonwealth Bank - their stock is down over 46% over the last year, and they don't report their earnings until Feb 11.

Feb. 2 (Bloomberg) -- Commonwealth Bank of Australia, the nation’s biggest mortgage lender, said first-half profit will fall 16 percent to about A$2 billion ($1.3 billion) as bad-loan charges increase.

Unlike British banks which are being nationalized. Not bad for a former convict colony.

"My bank is better than your bank" - can you get any more immature. Seriously...

[Peikko 1,575]

My God...the Senate better act fast on voting for the Stimulus Bill.

Things are already getting better without their stupid bill.

They are?

Well only 598,000 jobs were lost in January.

We lost 693,000 jobs in December.

What's so funny, Steven? Job losses will only accelerate if the stimulus is passed.

This crisis was caused by overspending (real estate) and excessive debt (both citizens and government).

The proposed "solution" is more of the same - more spending, more debt, more bubbles.

My only question, will the stock market recover eventually? I don't care how long it takes, just want to know before I start my big investment campaign. If not, I might have to look at sticking my money under the mattress or something

[mawilson 2,133]

My only question, will the stock market recover eventually? I don't care how long it takes, just want to know before I start my big investment campaign. If not, I might have to look at sticking my money under the mattress or something

Eventually - yes. The question is when. After the crash of 1929, anyone buying

when the market started to stabilize would have lost more than 75 percent of their

money over the next two years.

For a sustainable rally to take place, share prices must fall to a level where investors are

widely convinced they are cheap.

At the moment, stocks may *look* cheap, but long-run indicators (such as the multiple of

stocks to long-term average earnings) actually suggest that stocks are fairly valued.

[Peikko 1,575]

My only question, will the stock market recover eventually? I don't care how long it takes, just want to know before I start my big investment campaign. If not, I might have to look at sticking my money under the mattress or something

Eventually - yes. The question is when. After the crash of 1929, anyone buying

when the market started to stabilize would have lost more than 75 percent of their

money over the next two years.

For a sustainable rally to take place, share prices must fall to a level where investors are

widely convinced they are cheap.

At the moment, stocks may *look* cheap, but long-run indicators (such as the multiple of

stocks to long-term average earnings) actually suggest that stocks are fairly valued.

I wondered about that. Ho hum decisions, decisions.