DOW plunges again- now at 8150 while we focus on Jackson for a week straight

[shootfighter1]

Doesn't appear that the Obama administration is turning things around economically and seems like Americans are more interested in the death of a celebrity than the health of the nation.

[Bindare_Dundat]

Is this where Bitchfury and Benny tell us, we know nothing about the economy for saying things will get worse?

[JOHN MATRIX]

i dont understand how this shit works...we had a DRASTIC decline all last fall into the new year, then everything started picking up again for a couple months and looked promising, now for almost a month straight its been nothin but red day after day. what exactly causes these changes?

[Bindare_Dundat]

i dont understand how this shit works...we had a DRASTIC decline all last fall into the new year, then everything started picking up again for a couple months and looked promising, now for almost a month straight its been nothin but red day after day. what exactly causes these changes?

All that bullshit talk of green shoots, you'll miss the boat etc... and pump and dump at work.

[240 is Back]

are you saying the week's decline is in some way related to MJ's death?

[Soul Crusher]

i dont understand how this shit works...we had a DRASTIC decline all last fall into the new year, then everything started picking up again for a couple months and looked promising, now for almost a month straight its been nothin but red day after day. what exactly causes these changes?

Nothing was picking up.  Those were day traders and the govt propping things up.  Additionally, the govt spent trillions of dollars.  Of course there was bound to be a small bounce. 

But for all that massive bang, we only got a small bounce. 

Now we are headed down again as UE races up to 10% and greater and states cant make their bills. 

The govt shot its load with all the bailouts and there are no options left.   

[Neurotoxin]

i dont understand how this shit works...we had a DRASTIC decline all last fall into the new year, then everything started picking up again for a couple months and looked promising, now for almost a month straight its been nothin but red day after day. what exactly causes these changes?

i do. 



NT

[Neurotoxin]

i do. 



NT

just kidding. 
 


NT

[shootfighter1]

No, the Dow is not related to Jackson, it just bothers me that the general person cares far more about their celebrities than the nation.

I think there was a bump in the market because there was some hope with the stimulus, some signs of stability in the banks and the new administration but the market came back down to near its level in early January when Obama was taking over.  Business knows this administration and these policies are not good for growth. 

If we don't see a significant bump in the economy by fall, we can say that Obama's policies have certainly not worked.  Honestly, I thought the market would correct itself by this summer...and it hasn't.  You could just as easily make the argument that the interventions since late November (ie the bailouts and stimulus) may be hurting us.

[SAMSON123]

Doesn't appear that the Obama administration is turning things around economically and seems like Americans are more interested in the death of a celebrity than the health of the nation.

At least witht he death of Michael Jackson people can mourn, can celebrate the fact that this musical prodigy was here for a time and brought excitement, can be inspired to go further in their own goals, dreams adn aspirations.

What will worrying about the administration do? What can be done now after all of the damage caused? Even if the whole administration was executed, so much destruction has been caused there may never be a recovery. Michael's death is more of an ESCAPE from the reality everyone now knows is beyond repair.

[MM2K]

Giving Republicans a veto -proof majority in 2010 would go along way to making things better. That's really the only way.

[MB_722]

listen between :26 -1:14 ...

The K-cycle consists of phases that are likened to the seasons:

    * Spring – inflationary growth phase, which sees the expansion of production, affluence, falling unemployment, rising wages and so on. This growth phase lasts about 25 years.
    * Summer – recession. Growth reaches the limits of resources.  There’s a drop in production, a rapid rise in unemployment and a back-lash against an economy of abundance.  This phase last 3-5 years.
    * Autumn – deflationary growth, selective industry production, innovation, rapid increase in debt as society orientates itself towards consumption. This phase can last 7-10 years.
    * Winter – depression, the economy contracts sharply, there’s an exhaustion of accumulated wealth. Kondratieff viewed this phase as a time of cleansing when the economy can recover from times of excess and lay the foundation for future growth. He considered this phase would be characterised by a 3-year collapse followed by 15 years of deflation and quiet innovation.

right click view larger image

I’ve been trying to find out when these cycles began (ie how far back in history did Kondratieff go looking for K-waves?) and what phase are we in fact in now? According to Wikipedia, economists who follow K-wave theory believe that we’ve had 5 K-waves since the late 18th Century:

    * The Industrial Revolution—1771
    * The Age of Steam and Railways—1829
    * The Age of Steel, Electricity and Heavy Engineering—1875
    * The Age of Oil, the Automobile and Mass Production—1908
    * The Age of Information and Telecommunications—1971

And goes on to say: “The current cycle most likely peaked in 1999 with a possible winter phase beginning in late 2008.” So it seems we are still in the fifth cycle, which means we haven’t reached the Winter phase yet – great.

Anyway, not sure I have my head completely around this as I’ve just started researching – maybe you know more. If so, leave a comment. But Kondratieff’s theory makes sense to me.

http://thinkingshift.wordpress.com/2009/02/26/a-kondratieff-winter/

[headhuntersix]

Giving Republicans a veto -proof majority in 2010 would go along way to making things better. That's really the only way.

I can think of a few others...most are national security violations.

[shootfighter1]

Samson, I agree that people have the right to news coverage and some may find solstice or escape in mourning for a muscial icon...but the degree of coverage is what I have an issue with.  Its just overdone and at a time where so many important things need public debate.