Zipp0 1 #1 February 26, 2007 The all powerful Greenspan has spoken: http://news.yahoo.com/s/ap/20070226/ap_on_bi_ge/hong_kong_us_greenspan -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
spudboy 0 #2 February 27, 2007 the Dow is down 400 points and the Nasdaq over 90 its amazing how bad the finacial market can overreact to comments when nothing has actually changed fundamentaly since yesterday Quote Share this post Link to post Share on other sites
NCclimber 0 #3 February 27, 2007 QuoteThe all powerful Greenspan has spoken: http://news.yahoo.com/s/ap/20070226/ap_on_bi_ge/hong_kong_us_greenspan That news broke before the markets opened yesterday. The Dow closed down 10 points. The Dow is currently 180 off its low. Quote Share this post Link to post Share on other sites
Channman 2 #4 February 27, 2007 The Bush Recession? I believe Greenspan put it more like the current economic cycle is coming to an end. Bush does'nt run the American economy, businesses run the economy. In the financial word, the American economy works much like a clock. From 6:00 to 12:00 is a recovery cycle i.e. Growth. and from 12:00 to 6:00 is a declining cycle. This happens on average every 4 years, with the recession lasting 1 year or less on average. With that said, its going to be a great time to make money. Quote Share this post Link to post Share on other sites
Lucky... 0 #5 February 27, 2007 QuoteThe Bush Recession? I believe Greenspan put it more like the current economic cycle is coming to an end. Bush does'nt run the American economy, businesses run the economy. In the financial word, the American economy works much like a clock. From 6:00 to 12:00 is a recovery cycle i.e. Growth. and from 12:00 to 6:00 is a declining cycle. This happens on average every 4 years, with the recession lasting 1 year or less on average. With that said, its going to be a great time to make money. Yea, presidents just contol everythign aboutthe economy, they don't run it Quote Share this post Link to post Share on other sites
billvon 2,990 #6 February 27, 2007 During the Clinton presidency, the GOP did quite a lot of talking about how it wasn't Clinton's policies that caused the economy to soar, it was just plain business. When Bush took office, there was a lot of talk about how Clinton caused the small recession the country found itself in, how his "unsound economic policies" led to an unsustainable boom. This continued until the economy began to recover, at which point the GOP put the credit squarely on Bush's tax cuts. Now that the economy may be slowing again, expect to hear more from republicans about how the president isn't responsible for the economy. I wouldn't be suprised if the GOP ties it to the newly-democratic congress. At the same time, of course, the democrats will be all over the "Bush recession" and _his_ failed economic policies. Same shit, different party, different day. Quote Share this post Link to post Share on other sites
Zipp0 1 #7 February 27, 2007 Bill- that was exactly my point. thanks for spelling it out for me. -------------------------- Chuck Norris doesn't do push-ups, he pushes the Earth down. Quote Share this post Link to post Share on other sites
lawrocket 3 #8 February 27, 2007 Quoteits amazing how bad the finacial market can overreact to comments when nothing has actually changed fundamentaly since yesterday Actually, something fundamentally different DID happen - China's stock market slid 9 percent last night over concerns about tightening the market because China's parliament is due to return to session shortly. My wife is hotter than your wife. Quote Share this post Link to post Share on other sites
spudboy 0 #9 February 28, 2007 yes, China's market slid over CONCERNS, those arent actual fundamentals, just state of mind. But it does make you wonder where we are going to borrow money from if the Chinese tighten up their wallet. Quote Share this post Link to post Share on other sites
kallend 2,026 #10 February 28, 2007 QuoteThe Bush Recession? yes, like the recession so beloved of the right: www.dropzone.com/cgi-bin/forum/gforum.cgi?post=2506336#2506336 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=2506418#2506418 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=947564#947564 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=548951#548951 www.dropzone.com/cgi-bin/forum/gforum.cgi?post=540156#540156... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
Lucky... 0 #11 February 28, 2007 QuoteSame shit, different party, different day. Same shitty party, different decade to have another recession just like daddy. I think you would be right decades ago when he market was run more by itself, but as presidents and Congresses get more radical in their control of economies and slanted tax breaks I think the pres has tons to do with the economy. That's kinda old school to blame circumstance rather than radical presidential control. Quote Share this post Link to post Share on other sites
Lucky... 0 #12 February 28, 2007 i - t You're welcome. Quote Share this post Link to post Share on other sites
DaVinci 0 #13 February 28, 2007 QuoteSame shitty party, different decade to have another recession just like daddy. I think you would be right decades ago when he market was run more by itself, but as presidents and Congresses get more radical in their control of economies and slanted tax breaks I think the pres has tons to do with the economy. That's kinda old school to blame circumstance rather than radical presidential control. OK if you think the Prez has that much power...Care to explain how Clinton caused the Dotcom bust and the drop in the economy then? Quote Share this post Link to post Share on other sites
kallend 2,026 #14 February 28, 2007 QuoteQuoteSame shitty party, different decade to have another recession just like daddy. I think you would be right decades ago when he market was run more by itself, but as presidents and Congresses get more radical in their control of economies and slanted tax breaks I think the pres has tons to do with the economy. That's kinda old school to blame circumstance rather than radical presidential control. OK if you think the Prez has that much power...Care to explain how Clinton caused the Dotcom bust and the drop in the economy then? Are you now claiming all your right wing buddies were wrong when they wrote about the "Clinton recession"?... The only sure way to survive a canopy collision is not to have one. Quote Share this post Link to post Share on other sites
DaVinci 0 #15 February 28, 2007 QuoteAre you now claiming all your right wing buddies were wrong when they wrote about the "Clinton recession"? I think if you are going to blame this on Bush, you should explain Clintons job with the Dot com. Also, if you are going to blame this on Bush you should also credit him with doing as much as he has since 2001. QuoteHe said the U.S. economy has been expanding since 2001 The U.S. economy grew at a surprisingly strong 3.5 percent rate in the fourth quarter of 2006, up from a 2 percent rate in the third quarter. A survey released Monday by the National Association for Business Economics showed that experts predict economic growth of 2.7 percent this year, the slowest rate since a 1.6 percent rise in 2002. Personally I tend to think the economy will have rises and falls that are normal with an average as an upswing no matter who is in office. It should be noted that the US stocks fell 4%, but since just July they have gone up 18%. I don't think Clinton had much to do with the dotcom bust, nor Bush the great recovery. But I would LOVE to see those that wish to blame a *possible* (but likely) recession on Bush explain the recession under Clinton. So to answer your question in one word....Yes. Quote Share this post Link to post Share on other sites
mnealtx 0 #16 February 28, 2007 QuoteQuoteSame shit, different party, different day. Same shitty party, different decade to have another recession just like daddy. Wow... Bush Sr. was still Pres in 99? QuoteI think you would be right decades ago when he market was run more by itself, but as presidents and Congresses get more radical in their control of economies and slanted tax breaks I think the pres has tons to do with the economy. That's kinda old school to blame circumstance rather than radical presidential control. Quote"We can't be so concerned about the rights of ordinary Americans"... W. ClintonMike I love you, Shannon and Jim. POPS 9708 , SCR 14706 Quote Share this post Link to post Share on other sites
NCclimber 0 #17 February 28, 2007 QuoteQuoteQuoteSame shitty party, different decade to have another recession just like daddy. I think you would be right decades ago when he market was run more by itself, but as presidents and Congresses get more radical in their control of economies and slanted tax breaks I think the pres has tons to do with the economy. That's kinda old school to blame circumstance rather than radical presidential control. OK if you think the Prez has that much power...Care to explain how Clinton caused the Dotcom bust and the drop in the economy then? Are you now claiming all your right wing buddies were wrong when they wrote about the "Clinton recession"? QuoteIt's the economy, stupid! Quote Share this post Link to post Share on other sites
Channman 2 #18 February 28, 2007 > Same shit, different party, different day. As they say, "To error is human, to blame someone else is more human." Quote Share this post Link to post Share on other sites
livendive 8 #19 February 28, 2007 QuoteNow that the economy may be slowing again, expect to hear more from republicans about how the president isn't responsible for the economy. I wouldn't be suprised if the GOP ties it to the newly-democratic congress. And the automatic response will be that they just took office and inherited the problem just like Bush did in 01. Blues, Dave"I AM A PROFESSIONAL EXTREME ATHLETE!" (drink Mountain Dew) Quote Share this post Link to post Share on other sites
Lucky... 0 #20 February 28, 2007 QuoteWow... Bush Sr. was still Pres in 99? Show indicators, perhaos several nit just one that denotes there was recession in 99. Quote"We can't be so concerned about the rights of ordinary Americans"... W. Clinton Perhaps citethe entire passage with a website reference. Sucks being conservative today, arguments are relegated to obscurity. Quote Share this post Link to post Share on other sites
NCclimber 0 #21 February 28, 2007 I'm still waiting to see any proof of interest rates in the high teens when Clinton took office. Quote Share this post Link to post Share on other sites
