Featured Economically, Could Obama Be America's Best President?

Which corporations? The strongest have always survived, and they do so by not spending and saving, what you mention.

The stock market runup is smoke and mirrors.

 

Nope. We're simply seeing the heave in death spasm.

 

http://theeconomiccollapseblog.com/...e-real-reason-why-the-stock-market-is-soaring

http://www.moneynews.com/StreetTalk/Peck-Fed-Money-Printing-stock/2013/03/10/id/494003

Sorry I did not realize you were so uninformed this is common knowledge:

http://www.washingtonpost.com/blogs...e-labor-force/2011/12/02/gIQAfJLuKO_blog.html

http://www.usatoday.com/story/money/business/2013/04/07/march-labor-force-participation/2057887/

http://www.heritage.org/research/commentary/2012/10/welfare-is-at-an-all-time-high

 

Home sales close in on three-and-a-half year high

http://www.reuters.com/article/2013/05/22/us-usa-economy-housing-idUSBRE94F0J120130522

The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its lost glory. Resales were 9.7 percent higher than the same period last year.

No, I do agree that QE has been a factor in the stock market's rise but not the only factor. There isn't anyplace except the stock market for investors to make money, which is driving them into equities.

 

S&P500 earnings per share is on a steep ascent.
http://www.macrotrends.net/1324/s-p-500-earnings-history

Earnings Scorecard: Of the 463 companies that have reported earnings to date for Q1 2013, 70% have reported earnings above the mean estimate and 47% have reported revenues above the mean estimate.

http://seekingalpha.com/article/144...gs-valuation-and-estimates?source=google_news

(click on FactSet link at bottom of page.)

 

CBT thoroughly spanked—again—by the Rev.

 

30“An appalling and horrible thing
Has happened in the land:

31The prophets prophesy falsely,
And the priests rule on their own authority;
And My people love it so!
But what will you do at the end of it?

 

Yes, we are all going to have a heart attack and die of not surprised.:BangHead:

 

Somebody speaks with forked tongue.

A gallon of healthful milk and a loaf of real bread cost around $10 including a 10% tax. Costs of essentials has risen 5-10 fold in the past 40 years. Wages have not kept up with inflation. The global economy is driven by the prices of crude oil and opium derivatives(legal and illegal). Gun running and whiskey are in there too.

"A measure of wheat for a penny(day's work)"

We are on the fringes of The Tribulation, The Great. The world has taken the Mark of the Beast.

It matters not which El Presidente is in office.

The U.S. Constitution is still better than Sharia Law.

No more incumbency--make bureaucrats get real jobs--not lobbying.

I am rambling as usual--need to adjust my daily doses of legal alkaloids.

What will we do when Prozac is unaffordable?

Even so, come Lord Jesus.

Bro. James

 

Like the unemployment numbers, these are skewed. They don't take into consideration who is buying them, short sales, etc. It only tells half the story, and comparing the market to 3 years ago is not the best indicator either.

 

Maybe in the parts of the country, but here in Colorado, demand for homes far outstrips the supply. Sure investors buy property...but so do lots of owner-occupiers.

Check again. The recovery in employment has been slow, but that speaks to the depth of the problem created under Republican policies. The Obamacare comment is just FNC talking point.

 

Ask yourself why that is after the copious amounts of homes foreclosed and short sales. How did this market miraculously turn around like that in 24 months? Banks are buying up homes in huge packages before released to the consumer.

Dumbest thing I've read. Your buddy Clinton started the mess in '99, but I guess liberals only like to go back to when Bush took office. Let's also forget he was also set to run a surplus until democrats took over congress. Inconvenient truths.

 

We can quibble about who's to blame and why the recovery is happening, but folks, the train is leaving the station. The recovery is picking up steam. This is not because of Obama's policies--his two massive spending programs were failures, as was the 2 year cut in FICA tax rates--more likely it is because of strong corporate balance sheets, strong earnings combined with a pent-up feeling of inactivity over the past 5 years, plus the Fed's QE.

 

The only reason why there is any job growth at all is because the conservative states are carrying the rest of the country.

http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm

 

Yes, low tax rates, low debt, low spending are conservative principles that these states embrace. Some of those states have fallen and Nevada is a blue state. So while it might be generally true that red states are leading economic engines, it's not a certainty. It certainly is NOT true to say the least populated states are carrying the nation!

Let's look at the actual up-to-date rankings, found here:
http://www.alec.org/publications/rich-states-poor-states/

2013 rankings
Texas 12th (was 1st)
Nevada 13th (was 2nd) blue state
Michigan 20th (was 50th) blue state
Alaska 21st (was 8th)
Montana 42nd (was 9th)
Ohio 26th (was 49th) blue state
Virginia 5th, blue state

 

Well, banks are not buying new homes or foreclosing on them.

New home sales climb in April

New home sales climbed strongly in April, an indication that a long-awaited building market comeback is strengthening. Sales of newly built, single-family homes rose 2.3% above the prior month and were 29% above the same period last year. New homes sold at a seasonally adjusted annual rate of 454,000 units, the Commerce Department reported.

http://www.latimes.com/business/money/la-fi-mo-new-home-sales-20130523,0,1660270.story

 

No, but they have been tearing down old ones and selling the land dirt cheap to developers. This has happened a couple times a few streets down from me in the last year.