Consumer Confidence Report for Jan. - Wahh-Wahh (frown)
DriftingByTheStorm
Posts: 8,684
http://www.bloomberg.com/news/2012-01-3 ... text-.html
Jeez.
This actually makes me feel out of touch myself.
Don't get me wrong, I'm living hand to mouth myself, but I was feeling a BIT more positive about things than this represents. According to this official report, almost ALL Americans (USA) think that the economy is ... well ... shit, shit, shit.
Given that sentiment\expectation breeds reality (to a degree; and this was one of Hayek's main "problems" with Keynesian economic theory) ... I'd have to say ... well ...
Shit.
:(
Bloomburg on CCR wrote:Consumers’ appraisal of current conditions was less favorable in January. Those claiming business conditions are “good” decreased to 13.3 percent from 16.3 percent, while those stating business conditions are “bad” increased to 38.7 percent from 33.5 percent. Consumers’ assessment of the labor market was also less positive. Those saying jobs are “plentiful” decreased to 6.1 percent from 6.6 percent, while those claiming jobs are “hard to get” increased to 43.5 percent from 41.6 percent.
Jeez.
This actually makes me feel out of touch myself.
Don't get me wrong, I'm living hand to mouth myself, but I was feeling a BIT more positive about things than this represents. According to this official report, almost ALL Americans (USA) think that the economy is ... well ... shit, shit, shit.
Given that sentiment\expectation breeds reality (to a degree; and this was one of Hayek's main "problems" with Keynesian economic theory) ... I'd have to say ... well ...
Shit.
:(
If I was to smile and I held out my hand
If I opened it now would you not understand?
If I opened it now would you not understand?
Post edited by Unknown User on
0
Comments
The 'people you know' sample size isn't large enough and random enough to make a conclusion about anything.
But seriously- it would be helpful to know what polls are most accurate. Of course it would also be helpful to know who among those reporting the poll to be accurate also to be accurate. Who do you trust?
-Eddie Vedder, "Smile"
I'd argue the majority of Americans are correct, if they think the economy is shit. It is shit. We've just masked it. Temporarily, that made many of us feel better, but the reality is... this thing will bite us. The longer we try to pretend it won't, the worse the bite.
My take, look at the CBO report project horrid GDP growth this year and next year and a "rise" in unemployment. The CBO is pretty fair-minded. They are saying our economy is shit. If I'm reading this correctly, Americans agree.
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
I'm not sure how correct Americans are and though I don't see it as a partisan thing, it seems to me the rest of this statement is very true. How long will the band aids hold?
-Eddie Vedder, "Smile"
The American government are desperate to wage war on Iran, and are trying every bullshit excuse they can think of to attack this country that has itself attacked no one in approx 300 years. So maybe attacking Iran and murdering tens of thousands of men, women and children will keep the military industrial complex ticking over for a few more years?
I'd say this is not partisan at all. It's economics, not politics. The way we've conducted ourselves economically as a nation has led to this.... both parties are at fault for that. The problem is, neither of them are changing. This will continue, and eventually we won't be able to keep the band aids sticky... it's gonna have to bleed out.
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
:shock: dude........decaf man, try it.
Godfather.
Sure it is. Average American is any/all of us within a certain demographical range. The point is "Americans feel x" Really? That's not a valid statement. Polls mean nothing. Averages don't tell you jack.
If you have a house with a 100 year old woman, and 2 1 year old boys the average person in that house would be a 34 year old man.
I would bet heavily that just this will happen. Scary, but true. I just wish the mouthpiece against this sort of action was more articulate and louder.
<object height="81" width="100%"> <param name="movie" value="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869"></param> <param name="allowscriptaccess" value="always"></param> <embed allowscriptaccess="always" height="81" src="https://player.soundcloud.com/player.swf?url=http://api.soundcloud.com/tracks/28998869" type="application/x-shockwave-flash" width="100%"></embed> </object> <span><a href=" - In the Fire (demo)</a> by <a href="
You just reinforced my point with your example of 3 people in a house. Concluding that the average person in the house is a 34 year old man of course is skewed, but that's because your sample size is too small.
As Dave Ramsey says when you're working Unemployment is 0%, when you're not it's 100%.
Do you think Iran is innocent in the drum beating, I am starting to think that the US and the (for lack of a better term) muslim world got together and decided all the tension was good for oil prices. A little war here, a little stand off there...boom weapons and oil in great demand...how about that for a conspiracy
I think war has little direct effect on consumer confidence. It is more about current domestic policy and the private economy than it is about the MIC and war.
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
Well, you may not think they reflect anything of value.
But the CCR (along with a handful of other reports) moves Wall Street.
These numbers come out in the morning, and drive equity trading up or down depending on report vs. expectations.
IE. They may be meaningless to you, but they are important to the specialists, professional traders, and analysts that are involved in the markets daily.
And I do NOT believe that they are fiction. Certainly, i believe that GOVERNMENT statistics are usually skewed (by some means or another) ... but most of these "independent" reports (manufacturing, housing, confidence, etc) ... I have seen these numbers come out worse than expected enough times during a shit economy to know that they certainly aren't being sugar coated to any great extent. Still not exactly sure what your claim is regarding these. But it's clear you "disbelieve" them.
That's your reserved right, I suppose.
If I opened it now would you not understand?
You know, given some of the off-the-radar (not-so-well-covered news events) stuff that has happened regarding Iran vs. "The West", I tend to discard theories that implicate the two (Iran & "The West") in collusion together to create "conflict" for the sake of gain in the oil markets.
I think what is going on in the world right now is this:
There are very few remaining Sovereign, Sectarian, Despotic Powers left in the world (of import) and of these few, Iran is the "keystone" of sorts. The Globalist New Order of Cooperative Sovereign Powers (the NWO) is ideologically opposed to sectarian theocracy, monarchy, and despotism. So this makes Iran a target by default. BUT, that is NOT the "real" issue. The real world issue making Iran a target is that it holds the keys (in many ways) to a globalist strategy of resource distribution (ie. OIL). It's not about the US (or any seperate sovereign power) wanting the VALUE of the oil in Iran's possession ... it is about the entire NWO system wanting to have ALL major resources under its direct control\supply-line so that it can bring these resources directly in to it's planning\decision tree in perpetuity. In other words, Iran's NATIONALIZED oil production needs (in the eyes of the NWO) to become INTERNATIONALIZED.
Per Globalist Doctrine:
1. Despotic Nation States must be "changed" in to cooperative "democratic" world citizens
2. The resources of these nations must be put up on the global market place via THEIR channels
That is what is going on.
If you think it is fabricated, some of those not-so-well-covered-news-events should key you in to the fact of this being a major international power struggle, and not some contrived "game". I am referring to the handful of times that the US has made some "threatening" maneuver with it's US Navy against Iran, and then in response RUSSIA has parked a fleet off Iran's coast. You have to believe that Russia is not simply sending warships on the sly to "trick" the little people of this world in to thinking there is some faux-war coming. This is real-deal shit. Not all of the world wants to see a pre-existing Western Hegemony turn in to a Globalized Hegemony Run By Mostly Anglophiles ... and this is the "cold war" that is still playing out.
If I opened it now would you not understand?
Interesting. Certainly a lot of food for thought there...
It is terrifying when you are too stupid to know who is dumb
- Joe Rogan
http://www.projectcensored.org/top-stor ... ec-agenda/
The 2005 Palast article sourced in that link goes much more in depth in regards to a policy struggle over how to control Iraq’s oil, between Neocons and big oil…
How does this fit with your opinion above, Driftin?
If "this" is refering to the allegation that US involvement in Iraq as used as a tool for allowing western interests inside control of OPEC via Iraq's interim government, i would say it wasn't something I had previously considered in specific, but it floats right along with the general plan I perceive "them" to have, and it follows their MO in all things ... namely, "if you can't destroy your opposition, OWN it."
Look what "they" did to "The Tea Party".
The Tea Party was VERIFIABLY a REAL grassroots organization (i know, i took part of it from it's inception, more or less) that sort of bubbled up from a thousand nameless spots in the aftermath of Ron Paul's first run for president. It more or less was millions of displaced Ron Paul fans trying to figure out what to do after his election bid got shot down.
How does most of the "mainstream" world view it today?
As some sort of Mostly-Older-People Driven "Traditional Conservative" "wing" of the Republican party, largely funded by "far right wing big money interests" and headed by "religious nuts" like Sarah Palin.
That could not be ANY farther from the REAL truth of what the Tea Party WAS.
It started as a almost ENTIRELY YOUTH instigated Libertarian idealists grassroots movement that was largely Non-Religiously-Motivated, Non-"Traditional" Republican, Anti-Mainstream, actually rather bi-"partisan" at its inception (LOTS of independent and "previously democratic" kids at the first year or two's worth of events) ... and was focused on overcoming the disparity of our rigged 2 Party system and restoring founding constitutional doctrine.
It had NOTHING to do with either restoring the GOP, or restoring religion to prominence in the GOP, or any other BS Palin-esque declared motives.
Quite simply, "they" couldn't "beat" it, so they just "OWNED" it. Derailed it. Coffin Nailed it.
:(
OPEC was a long standing thorn in the side of the western Globalist establishment. It makes sense that they would want to infiltrate and retool it's policies.
If I opened it now would you not understand?
I'm just not sure how that all relates to a 'Globalist establishment'.....I suppose if you look at it as different approaches within such an establishment, based on an overarching plan for world domination, it doesn't matter who wins, because either way, Iraqi oil falls under the Western sphere of influence.
So is this just in-fighting by 'the elite', while working toward a common goal? If not, and Western Oil powers are working with OPEC to manipulate oil prices, wouldn't that contradict your assertion that OPEC is a thorn in their side? Not sure if I'm expressing my questions well, I'm starting to confuse myself
I agree with you about the Tea Party....and honestly, for me, that whole fiasco has been one of the final nails in the coffin of hope for democracy under the current system. I remember Paul's run pre-08 well (and your involvement), and watching the momentum build into something I found exciting despite some philosophical differences....but seeing that momentum get co-opted into something as ugly as the Tea Party has become, had a really negative effect on my opinion regarding the possibility of positive change without revolution :(
I didn't say that Iran and the West were in collusion to create a conflict. That was mikepegg44's comment. You need to use the 'Quote' button properly.
i'm usually pretty good with getting quotes right, but i guess sometimes if i don't read the code for long enough and it is a triple embedded quote, i get a little goofy. Not sure what i did there. Sorry.
If I opened it now would you not understand?