tuscl

OT: The Economist is totally clueless about the coming economic boom

Monday, October 27, 2014 3:32 PM
"THE world economy is not in good shape. The news from America and Britain has been reasonably positive, but Japan’s economy is struggling and China’s growth is now slower than at any time since 2009. Unpredictable dangers abound, particularly from the Ebola epidemic, which has killed thousands in West Africa and jangled nerves far beyond." [view link] More doom and gloom, without even a hint of the advent of The Greatest Economic Boom in the History of the World. And this British rag has the nerve to call itself "The Economist." Sheesh! At least they got the Ebola pandemic right...

60 comments

  • Dougster
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    10 years ago
    Got to love the reasoning in that article. Ebola is a grave threat to the world economy and American is not capable of leading a global recovery unless Japan and Europe are also strong (after all that ain't ever happened before, has it?). And China's growth is oh-so-slow now. What is it? A mere 6%? 7%? We are definitely doomed! DOOMED! How's following headlines from the Economist worked out for you forecast world economic growth, stevie-girl? Think you better work on simple econ 101 stuff like supply and demand graphs, stevie-girl before you venture into domains way over your head. Or just stick to song lyric quoting. :-)
  • sharkhunter
    •
    10 years ago
    If you use Obama's logic for the environment and apply it to Ebola, good times are ahead if the virus can reduce the number of people driving gas guzzling cars and reduce our overall carbon footprint. I'd rather get the economy kicking in high speed boosting global demand and boosting our GDP so much that deficits drop dramatically and the Fed needs to raise rates. Actually if what I mentioned happened, rate increases could be delayed if our government cut spending by reducing or eliminating some government departments. We'd suddenly have a budget surplus and then would need to talk about retiring the debt or reducing taxes. Boom times are ahead. For the survivors.
  • sharkhunter
    •
    10 years ago
    I propose eliminating the IRS, the Fed, and some other departments. Oh, we could totally elminate the income tax as well and simply replace it with a sales tax, strip clubs, bars, and food sold in grocery stores excluded. For anyone who converted an IRA to a Roth IRA in the last few years, you get a check for the taxes you paid as long as your total assets are less than LMN's. Payroll taxes would be eliminated giving all workers a several percent immediate pay raise, well except for social security taxes. I'd have to work on a plan to privatize it.
  • SuperDude
    •
    10 years ago
    Eliminate the federal income tax. Replace it with a $0.50 tax on every text message, tweet or email. Budget surplus will follow.
  • farmerart
    •
    10 years ago
    Sugar babies, movies, TV shows, music, Wagyu steakhouses, Mila Kunis, cheerleaders. How the hell do you have the time to read The Economist, steve229?
  • Dougster
    •
    10 years ago
    ^^^ kind of get the feeling he never makes it beyond the headline
  • Lone_Wolf
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    10 years ago
    Keep an eye on the deployment of autonomous vehicles (reference Tesla) and other autonomous devices. Once that kicks in gear, it should be like the PC market of the 80's. Game changing.
  • mikeya02
    •
    10 years ago
    A few more cases of ebola in NYC or Las Vegas will mean an economic crisis of all time. Same thing with a major terrorist attack on American soil. That's how fragile things are
  • Dougster
    •
    10 years ago
    Stop reading just The Economist headlines, stevie-girl. Won't do a girl like you any good if you can't think for yourself and are just going to feed your confirmation bias. LOL!
  • Dougster
    •
    10 years ago
    Lol! DOOMED!
  • Dougster
    •
    10 years ago
    DOOMED!
  • Dougster
    •
    10 years ago
    Lol! How the markets done since you quoted this, Stevie-girl?
  • Dougster
    •
    10 years ago
    Lol! Markets continue to signal that The Economist nailed it on this one. If only I spent one or two minutes a day googling financial headlines, I could have seen this market collapse since stevie-girl called it in mid October coming. As it is we are DOOMED! Absolutely DOOMED!
  • Dougster
    •
    10 years ago
    Lol!
  • Dougster
    •
    10 years ago
    Stunningly accurate article you quoted there, Stevie-girl!
  • Dougster
    •
    10 years ago
    Lol!
  • Dougster
    •
    10 years ago
    Absolutely DOOMED! Because stevie-girl and The Economist said so.
  • Dougster
    •
    10 years ago
    This plunge in oil prices is going to kill whatever slivers of hope there were. Absolutely DOOMED! Because Stevie-girl and The Economist said so!
  • Dougster
    •
    10 years ago
    Lol!
  • Dougster
    •
    10 years ago
    The Economist and stevie-girl may both be clueless about the economic boom, but I'm not! :-)
  • Dougster
    •
    10 years ago
    Ok so stevie-girl and The Economist may be clueless about the economic boom and he certainly has a number of folks here who like to circle jerk him that he is right, despite all the evidence. Back in reality, however, but here are some leading indicators that are not about the boom: The S&P The Shanghai Composite The Nikkei The US Dollar The German DAX US Biotechs Too bad stevie-girl missed this one by never reading passed EXSUMS but non-impartial sources. You'd think a guy who lives in DC would have a better idea of how the media operates. Guest he was too busy tuned into song lyrics and celebrity gossip to notice, though.
  • Dougster
    •
    10 years ago
    Think your pea-brain will ever make past the EXSUMs from biased sources, Stevie-girl. So you might actually get things right some day?
  • Dougster
    •
    10 years ago
    Oh-oh! Draghi and the ECB held back on QE today. I guess that means Europe is ABSOLUTELY DOOMED! Just like stevie-girl and The Economist have always said. They can just expect the US and China and EMs to drag them along can they? How will the crash in oil prices affect them?
  • Dougster
    •
    10 years ago
    Who is still clueless besides Stevie-girl and The Economist?
  • Dougster
    •
    10 years ago
    Lol!
  • Dougster
    •
    10 years ago
    Lol!
  • Dougster
    •
    10 years ago
    Such an accurate article in retrospect ain't it, Stevie-girl?
  • Dougster
    •
    10 years ago
    Stunningly accurate article!
  • Dougster
    •
    10 years ago
    Ok, >300k job growth last month and today we saw 3Q GDP was 5%. Will be The Economist still be clueless? How about Stevie-girl?
  • Dougster
    •
    10 years ago
    Lol!
  • Dougster
    •
    10 years ago
    Just remember boys and girls all you have to do to see which way the economy is going is to stick with your confirmation bias no matter the facts. Spend one to two minutes a day googling for headlines and only read those which confirm your pre-disposition. Then come onto TUSCL and get others to circle jerk you that you and they are right. So little effort required and none of that annoying cognitive dissonance along the way.
  • Dougster
    •
    10 years ago
    Anyone besides Stevie-girl still clueless? Where does The Economist stand?
  • Dougster
    •
    10 years ago
    Lol!
  • jerikson40
    •
    10 years ago
    "Keep an eye on the deployment of autonomous vehicles (reference Tesla) and other autonomous devices. Once that kicks in gear, it should be like the PC market of the 80's. Game changing" As one who never in a million years imagined that every home would ever want or need a PC, nor that everyone on the planet would want or need a smartphone and spend all day on Facebook, I'm the last one to discuss stuff like this.... But I will... Do you really think that when driverless vehicles become available that people will run out to buy one, even if they already have a regular car? I mean, the only way it would become a new market with huge increases in revenues for the auto manufacturers would be if people buy MORE cars, just because they're autonomous. But if people just replace their existing with autonomous as their normal cycle of replacing their old cars, why would that be a huge game changer. Sure, if specialized autonomous vehicle manufacturers enter the market they will benefit, but how is it a game changer for the auto industry as a whole?
  • Dougster
    •
    10 years ago
    ^^^ Wow. Jerkoffson pessimistic about something. And I can guarantee you that his thoughts are completely objective and in no way due to his "personality damage".
  • Dougster
    •
    9 years ago
    Lol!
  • Dougster
    •
    9 years ago
    Who remains clueless? Just stevie-girl and The Economist now/
  • Dougster
    •
    9 years ago
    Lol!
  • Dougster
    •
    9 years ago
    Lol!
  • Dougster
    •
    9 years ago
    Anybody still clueless after yesteray's employment report? Stevie-girl?
  • Dougster
    •
    9 years ago
    Lol!
  • TheProphetJuice
    •
    9 years ago
    Thou rt truely selfless Douglass four thou sacreficest thy time too enliten little Dicky Dugan an Stevie Nicks
  • Dougster
    •
    9 years ago
    Lol! Little Stevie-girl Nicks!
  • Dougster
    •
    9 years ago
    Fuck that faggot Stevie-girl 229/Nicks and all stupid prognostications which were WRONG plain and simple.
  • ilbbaicnl
    •
    9 years ago
    Tax thingy.
  • Dougster
    •
    9 years ago
    Lol! Stevie-girl can neither think for himself nor choose the right sources to do his thinking for him. Better stick to song lyric quoting.
  • Dougster
    •
    9 years ago
    Lol!
  • Dougster
    •
    9 years ago
    So where is Stevie-girl these days anyway?
  • Dougster
    •
    9 years ago
    Poor clueless Stevie-girl and The Economist magazine.
  • Dougster
    •
    9 years ago
    Stevie-girl and The Economist really were clueless on this one. LOL!
  • Dougster
    •
    9 years ago
    I wonder if Stevie-girl and The Economist would admit they are wrong now or just tangle themselves up in deeper denial about the reality of the boom we are experiencing?
  • Dougster
    •
    9 years ago
    Anybody have any ideas where Stevie-Girl is these days?
  • Dougster
    •
    9 years ago
    Anyone still skeptical?
  • Dougster
    •
    9 years ago
    Now how come RickyBoy didn't intervene back in October with this statement: " Oh, and stating something in a dismissively sarcastic way doesn't make it inaccurate, but rather just serves as a disingenuous tool for people too stupid, ignorant and/or lazy to tackle a position on its merits. " Lol! It's okay if his side does something, but not okay for the other side too. Great logic, RickyBoy. Really great logic.
  • Dougster
    •
    9 years ago
    Shanghai market now up 90% since Stevie-girl made these pontifications of DOOM. Really great call, stevie-girl. Really great call.
  • Dougster
    •
    9 years ago
    Shanghai market now up 98% since stevie-girl made this infamous post and it's just a little over 5 months. Really great call there, stevie-girl. Really great call.
  • Dougster
    •
    9 years ago
    Shaghai comp so close to 4000. It was about 2000 when stevie-girl made his call less than 6 months ago. Really good call, stevie-girl. Really good call.
  • Dougster
    •
    9 years ago
    Really good call, stevie-girl. Really good call.
  • Dougster
    •
    9 years ago
    Turned out it was stevie-girl and The Economist who really were clueless, stevie-girl's sarcasm notwithstanding. (But I thought if you said something in a sarcastic enough tone it made you right without having to think no matter what you said!) LOL!
  • Dougster
    •
    9 years ago
    Really good analysis, stevie-girl. Really good analysis.
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