Good economic news !

[lawgator1]

New claims for unemployment rose less than expected and the trade deficit narrowed more than expected. Markets reacting favorably. Could we be seeing the largest companies with big cash reserves starting to move some of that around and to invest it to further spur growth? CNBC this morning seemed to think so, with lots of discussion of tech companies looking to make software acquisitions.

This is all good news for the economy.

Of course, riding in this morning, Boortz was desperately and shrilly trying to spin it. Poorly.

The GOP runs a real risk here if in the next 2 months as the numbers keep getting better and better they stomp their feet appearing to wish that the economy still stunk.

 

[BigPapaVol]

Entertaining. Numbers still suck, but beat some dire, dire predictions so things are fantastic and we're about to see a voter turnaround. I'm in.

 

[lawgator1]

Entertaining. Numbers still suck, but beat some dire, dire predictions so things are fantastic and we're about to see a voter turnaround. I'm in.

Didn't say there wasn't still a long way to go, but I think to the extent the discussion is of trends at the time of the election, if we have two more months of this kind of turning, then the GOP might have its message diluted at least somewhat.

And in fact I do believe that if the nattering nabobs of negativity continue down that path on talk radio, they might find people turning them off.

 

[T-TownVol]

It is truely sad when these piss poor numbers are looked upon as any thing but what they are....piss poor.

 

[utvolpj]

"than expected"

that means it still sucks but we thought everyone was really screwed. Could also be seen as a political tactic but I'm sure no one would ever do that

 

[BigPapaVol]

Didn't say there wasn't still a long way to go, but I think to the extent the discussion is of trends at the time of the election, if we have two more months of this kind of turning, then the GOP might have its message diluted at least somewhat.

And in fact I do believe that if the nattering nabobs of negativity continue down that path on talk radio, they might find people turning them off.

There is no turning. Look at the broader market. Companies are investing real capital until they see a change in November. Once that happens, you have a catalyst.

Obama's plan to allow 100% write off of CAPEX is pure vote buying, but it his first business friendly move and will get some capital goods orders moving. The limiter in that will be how long the carry forward lasts, because there aren't many posting profits in the small to midsize business world this year or next.

 

[tigervol9802]

"than expected"

that means it still sucks but we thought everyone was really screwed. Could also be seen as a political tactic but I'm sure no one would ever do that

#1 job of any organization is to manage expectations.

 

[joevol320]

There is no turning. Look at the broader market. Companies are investing real capital until they see a change in November. Once that happens, you have a catalyst.

Obama's plan to allow 100% write off of CAPEX is pure vote buying, but it his first business friendly move and will get some capital goods orders moving. The limiter in that will be how long the carry forward lasts, because there aren't many posting profits in the small to midsize business world this year or next.

i doesn't matter, once taxes go up in Jan and hussein's naziscare takes effect, businesses will stop spending.

here you go lawgaytor.

Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat" | zero hedge

 

[tigervol9802]

There is no turning. Look at the broader market. Companies are investing real capital until they see a change in November. Once that happens, you have a catalyst.

Obama's plan to allow 100% write off of CAPEX is pure vote buying, but it his first business friendly move and will get some capital goods orders moving. The limiter in that will be how long the carry forward lasts, because there aren't many posting profits in the small to midsize business world this year or next.

I cannot tell you how much of a PITA this is going to be for me.

 

[droski]

The GOP runs a real risk here if in the next 2 months as the numbers keep getting better and better they stomp their feet appearing to wish that the economy still stunk.

you keep telling us how everyone is saying that the economy is recovering and yet you provide no evidence or links. and i watch cnbc all day (unfortunetly) and i haven't seen anyone call this an end to the recession. if so the market would be up 1,000 points not 60.

 

[lawgator1]

So much wishful thinking that the economy still sucks and that real people remain hurting every day, all for political gain.

Your reactions make me sad.

 

[T-TownVol]

you keep telling us how everyone is saying that the economy is recovering and yet you provide no evidence or links. and i watch cnbc all day (unfortunetly) and i haven't seen anyone call this an end to the recession. if so the market would be up 1,000 points not 60.

This administration's, and LG's, search for ANY THING that they can spin as positive is pathetic.

 

[BigPapaVol]

So much wishful thinking that the economy still sucks and that real people remain hurting every day, all for political gain.

Your reactions make me sad.

that's not wishful anything. The economy is what it is. You and CNBC trying to spin it to make political hay are the sad ones.

Regardless what goes down here, you aren't running from wasted trillion in stimulus and the healthcare pending disaster. Isn't happening. Joe Sixpack has for damned sure told you that he don't like no freaking guv'ment solutions in the healthcare bi'ness.

 

[droski]

So much wishful thinking that the economy still sucks and that real people remain hurting every day, all for political gain.

Your reactions make me sad.

it's not wishful thinking. we have P/E ratios near historical lows and unemployement at all time highs. please explain the former if the market is convinced the economy doesn't suck anymore? i wish you were right because this would be the greatest buying opportunity in US history and i'd make 50% on my money in months.

 

[T-TownVol]

So much wishful thinking that the economy still sucks and that real people remain hurting every day, all for political gain.

Your reactions make me sad.

No one here wishes the economy to suck. Just that you would stop trying to prop up shat that is not there.
What the heck would you know about "real people" any way? Of Yeah, you know what all people think....never mind.

 

[BigPapaVol]

it's not wishful thinking. we have P/E ratios near historical lows and unemployement at all time highs. please explain the former if the market is convinced the economy doesn't suck anymore? i wish you were right because this would be the greatest buying opportunity in US history and i'd make 50% on my money in months.

exactly. I'm doubling down in R/E because the pricing is absolutely stupid in much of the country.

 

[KB5252]

So much wishful thinking that the economy still sucks and that real people remain hurting every day, all for political gain.

Your reactions make me sad.

Absurd, this is all about being realistic about the economy for the average American. We have been told for at least 5 solid months that we are on the cusp of a turnaround and headed in the right direction by this administration and much of the media. They have been wrong, excuse the American public if they remain skeptical.

 

[droski]

exactly. I'm doubling down in R/E because the pricing is absolutely stupid in much of the country.

I just had lunch with the head of a very major investment firm and he's absolutely convinced we are going into japan level deflation. i don't buy it really, but it sure scared the crap out of me. either way i'm not completely convinced real estate isn't in for a double dip (particurally residential). though there are some good deals for some apartments, some condos, and commercial if you have a lot of cash.

 

[volinbham]

New claims for unemployment rose less than expected and the trade deficit narrowed more than expected. Markets reacting favorably. Could we be seeing the largest companies with big cash reserves starting to move some of that around and to invest it to further spur growth? CNBC this morning seemed to think so, with lots of discussion of tech companies looking to make software acquisitions.

This is all good news for the economy.

Of course, riding in this morning, Boortz was desperately and shrilly trying to spin it. Poorly.

The GOP runs a real risk here if in the next 2 months as the numbers keep getting better and better they stomp their feet appearing to wish that the economy still stunk.

Didn't say there wasn't still a long way to go, but I think to the extent the discussion is of trends at the time of the election, if we have two more months of this kind of turning, then the GOP might have its message diluted at least somewhat.

And in fact I do believe that if the nattering nabobs of negativity continue down that path on talk radio, they might find people turning them off.

Classic LG. Spin some numbers then complain loudly about how other spin numbers.

If you want to talk about trends take a look at either GDP or unemployment over the last six months. Both have regressed. GDP growth has dropped significantly to less than 2% and unemployment (either measure) has gone up compared to the trend of 3 - 4 months ago.

 

[T-TownVol]

exactly. I'm doubling down in R/E because the pricing is absolutely stupid in much of the country.

I would not do that unless I could sit on it for MANY years with no return.

 

[BigPapaVol]

I just had lunch with the head of a very major investment firm and he's absolutely convinced we are going into japan level deflation. i don't buy it really, but it sure scared the crap out of me. either way i'm not completely convinced real estate isn't in for a double dip (particurally residential).

that's exactly the reason not to buy it today. We see positive signs, jump in. Until then, it's stupid.

The makings of Japan style deflation are out there. Theirs started with a massive real estate devaluation destroying large piles of capital. Their banking system was considerably weaker than ours, but our Fed has forced the valve closed, so we have no real advantage from that world. We can turn on the money machine and devalue much of the problem away, but there isn't a simple solution to the end of this thing.

 

[volinbham]

So much wishful thinking that the economy still sucks and that real people remain hurting every day, all for political gain.

Your reactions make me sad.

I wonder if you ever argued that things were worse in Iraq than W was letting on. Shame on you for wishing death to our troops.

 

[BigPapaVol]

Classic LG. Spin some numbers then complain loudly about how other spin numbers.

If you want to talk about trends take a look at either GDP or unemployment over the last six months. Both have regressed. GDP growth has dropped significantly to less than 2% and unemployment (either measure) has gone up compared to the trend of 3 - 4 months ago.

but you missed the point. They weren't as bad as expected, which is a clear indicator of smooth seas. Sheesh.

 

[droski]

I would not do that unless I could sit on it for MANY years with no return.

the cap rates are ridiculous some places. you'd have to be a tard to not get return. financing is the problem.

 

[BigPapaVol]

I would not do that unless I could sit on it for MANY years with no return.

I won't without a legitimate turn, but RE has a pretty fixed cycle and I'm willing to ride a decent amount of time to realize the gains.

Frankly, the lending environment is the driver in that business for the foreseeable future and it won't be changing much until DC finds some new leadership.