Jorge, a FATAL FLAW is that a so-called Financial professional such as yourself can have failed to do your homework so badly. Are you saying that interest rates will not rise? That appears to be your position. This position is without merit. http://business.timesonline.co.uk/article/0,,8903-1134267,00.html Guessing against the market jorge? Go for it, smarty jones. Anyway, elaborate on one more thing for me. Is is your position that the Federal Reserve does not raise interest rates to deal with inflation? Yes or no?
i try to avoid your "style", TJ...but your signature made me laugh out loud. i don't even know if you're right on that argument...but it sounds so freaking funny!
When I read them I'll most definitely comply. Until then.. I didn't ask you about environmental policy I asked about energy policy. You changed the subject and still cannot provide an answer. So once again. Can you please provide a link to your assertion that Kerry wants to end domestic oil and gas production and close refineries. Thank You
HO HO HO! Sam, you are behaving like my dear friend Chump now! You are trying to redefine an argument because you have failed so miserably to defend your first iteration of SAID argument. So let me see here, Sam. You originally said that rapid job growth causes interest rate hikes. This is obviously flawed on many levels for the reasons I listed above. Now you have redefined the argument to be an opinion on whether interest rates will rise in the future! Hilarious! You really don't know where you are in this argument right now, do you Sam? Ha! A word of advice, Sam. This happens to you a lot when you speak out of school. You being a junior lawyer, I will give you some sage advice. I'm a vet. I'm no rookie. My advice is gold. GOLD. Never argue from a position of weakness. When lawyers attempt to talk finance or even worse -- economics -- they argue from an enormous position of weakness. That's an argument you can't win, friend. You can only lose, and lose you have done here. Returning to your original argument (that you lost), obviously job growth has a much much stronger political impact than the effect of potential interest rate increases. Any interest rate increase takes time to filter through the economy, and its full impact likely won't be felt for several months. Jobs have a much more direct, immediate impact on a voter's mindset. Sam, this is a good economic lesson to keep on file for the next time you consider the topic. It may save you further humiliation. GOOD DAY FRIEND
So you concede that interest rate rises are likely to occur in the future, thank you for that. Do you also concede that the Fed uses interest rates in order to deal with inflation? You really should concede on this point too.
and your in the financial field? please tell me the name of your firm so i can make sure I dont invest any of my money with them it has been all over the financial news the past month about inflation concerns Consumer prices in the first four months of the year rose at a 4.4 percent annual rate, compared with a 3 percent gain for the same period last year
What a lay down! I'm going to start calling you the CAVEMAN, because you are very good at CAVING. Sam, you are my good friend, but you shall never represent me in court. You need someone tough for that. Someone who will stand their ground and defend their point. You have demonstrated that you are incapable of doing just that! Now you are attempting to get me to 'concede' to points which were never a part of the argument. This is a telling sign that you are desperate to salvage anything -- ANYTHING -- at all from this exchange. A defeated man, you are left with fighting for the crumbs that fall from my BOUNTIFUL table of fine foods.
Jorge, I just found a wonderful little page that you can use to learn all about the Federal Reserve, it's right up your alley http://www.kc.frb.org/fed101/indexflash.cfm
Sorry, I was a little high when I wrote that....Anyway...my point is that Kerry on one hand criticized the Saudis for attempting to influence the election as proof that Bush is nothing more than an evil corporate hack and then on the other, he criticized Bush for not doing enough to strong arm the Saudis for more oil! I've got to agree with Gene here. A trained monkey could beat Bush, who does have plenty of problems on my side of the aisle, but John Kerry even fails to reach the level of a trained monkey. Maybe a trained...dog?
Jorge I can only assume from your silence after three requests for a link to your assertion that Kerry wants to end domestic oil and gas production and close refineries that you spoke out of turn and was incorrect in your statement. It’s okay, there’s no shame in admitting that you are wrong. In fact I would respect you a lot more, and it would show that, yes, in fact, you are human. Have a great weekend!
Thanks for the clarification. I'm not familiar with what Kerry has said vis-a-vis the Saudis and Bush. What I'm saying is that Saudi Arabia attempting to influence the U.S. presidential election is EXTREMELY disturbing.
The fed has poured so much gasoline into the US economy it had no choice but to catch fire. And it will burn at least through November. These guys aren't dumb, they leaned from Clinton. Down the road, when all the liquidity released by mortgage refinancing has been spent on SUV's, vacations, upgrading to 5,000 square feet, and people realize they now have to deal with $3 gas, no health insurance and a mountain of credit card debt on what they make down at Walmart, the American consumer is going shrink up like testicles in Lake Michigan. But Bush will be in the White House for 4 more years. And that 's what really matters.
Not going to happen. Dream on.....hoss. As my old man always says, "It doesn't hurt to want." The obsessive hatred for Bush and the pitifully desperate attempts to hang a scandal on him are downright hilarious.
So when the DOJ appointed a special prosecuter and he convened a grand jury to investigate the various felonies committed in the Plame affair, including the illegal divulgence of her identity and the subsequent coverup, that was a "pitifully desperate attempt" to hang a scandal on him? What about Chalabi duping the US into invading at the behest of Iranian intelligence and giving away classified data? Is that pitifully desperate of....uhhh, Iran? And those are just the ones that I felt like mentioning. What's pitifully desperate is your willingness to ignore it. Especially given your blend of "Hypohyperbolecracy" about such matters. So, we're obsessive haters? All right, clinton boy, whatever you say.
Why is this even a discussion? Yes interest rates are likely to rise. They have been abnormally low for a long time in order to help jumpstart the economy. Now that the economy is rebounding, the Fed will do their job and manage the growth (and inflation) with interest rates. Sam, I'm not sure whether your original post about rising interest rates = bad news for Dubya was a joke, but I assume you know that is a stretch at best. T_J, you are correct in that rising productivity can help temper inflation during times of economic expansion, but that's not the point of this discussion and you are distorting the argument. Rising productivity (as you said) means less resources are required to do the same amount of work. The fact that we have job growth means that the economic growth is increasing faster that productivity growth. The recent good news on the job front means that inflation will be a concern in the future. Given the alternative, that's a good problem to have, though.
I guess you haven't been reading the same BBS I have, have you? You are all obsessed with your hatred of a man, whom flawed, is still president of the U.S. But then again, anything that pisses you people off so badly must be good!
