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Thread: I love economic insanity !

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    Banned Melonie's Avatar
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    Default I love economic insanity !

    but it's really difficult these days to tell who's insane and who isnt !

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    Veteran Member susie's Avatar
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    Default Re: I love economic insanity !

    Wow, that was mumbo jumbo in the beginning, but down to the bottom it gets real interesting. I like how they say that silver is more rare then gold, and copper is so rare that the old pennys are more valuable then the new ones. Nifty. Girls, pay attention to this lady, she dots her i's and knows her T's.
    Thanks for sharing your smarts, This is why I am going to be driving a hundred dollar car and working to pay off my house!!! MY only worry is if the govt sold our property taxes, and in short, another country or person could forclose on our land to pay up the national debt. Kinda makes you think to much...
    Susie

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    God/dess montythegeek's Avatar
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    Default Re: I love economic insanity !

    Anyone know where this bozo got his data? Beuler, Beuler. Guess what I do.

    He got it from the Federal Reserves H.8 release at
    http://www.federalreserve.gov/releases/h8/Current/

    Except this bozo did not look at the table which actually makes some sense, the first on in the report. See line 1 of first table. No, this bozo had to go to the second block of data -the NOT seasonally adjusted data (page 2). that data is about as useful as a hog on rollerskates because it bounces around like a yo-yo. Line 1 of the second block went up by $9.6 billion. This rocket scientist does not even know that people arrange their bank accounts for the upcoming sales surge of the week after Thanksgiving. I am sure he will tell you that he does not trust seasonally adjusted data (because he does not understand it).

    The real facts--banks bought some Commercial paper, probably because some larger merger closed. Year-over-year, the expansion of credit rose in line with GDP. His "mountain" was "a zit on a snail".

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    Banned Melonie's Avatar
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    Default Re: I love economic insanity !

    Monty, I never vouched for the Mogambo's sanity (or accuracy) ... only that the points he raises are worth thinking about !

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