There is no recession. Never was , never will be!

[HedgefundTrader2]

Quote from Aaron Copland:

Well I keep getting all these 1.9% 0.0% offers some up to 18 months others just 6 months on my credit lines.

Some offers are 3.9% fixed for the life of the loan. Just fill in the blank checks and get some free money.

I have not seen these offers in over a year. So I guess the lower rates have been good for me, but I have excellent credit.

My spending has not changed, fuel has not been a problem. We have a Mercedes R320 CDI, gets about 30 city 40 highyway. Though diesel has shot up over $4.00 now at $4.27 per gallon were I fill up.

You are still making it, that's important. Not as much as you like to but we are still fine.

This economic hiccup was not the recession that GREENSPAN blared on and on and WARREN BUFFET joined in the chorous this week spooking millions of people. Not good when these people could have looked at the numbers today! Not good at all....shame its a shame when people lie in order to sell books and make you sell your stocks..

 

[HolyGrail]

Quote from piezoe:

I do have a question though, and you are obviously in a good position to answer, and that is what is the tonnage you are shipping doing, is it going up, or holding steady and how does that compare to a year ago?

Tonnage is up over this time last year. Prices are down over this time last year.

Edit: to show the difference in price. Last year at this time we were selling standard t304 2b stainless for 3.42 per lb and now we are selling it for 2.48 lb.

 

[MAESTRO]

BTW, 0.6% is below the noise level of the measurements anyway! It is meaningless!

 

[domestic]

Quote from HolyGrail:

I think the difference is that your business is "credit" dependent. There is no doubt we have a credit crisis, and crunch going on, and there is not an end in sight. It may very well eventually hit other businesses in non-credit dependent sectors. I just don't see it yet.

correct. although in the last 15 years we have altered our target to the very high end. credit plays a large role even if it is only in the high end consumer perceptions. what i sell does not have to be bought. it can always wait.

good thing i trade too.

 

[HedgefundTrader2]

Quote from MAESTRO:

I did not want to say this but … what the heck!

Real GDP growth is always quoted at a quarterly annual rate. It measures how much the economy has grown over a three-month period. Quarterly growth rates are often volatile; consequently, economists also like to look at the year-over-year growth in GDP. The yearly changes tend to be more stable. It is common to compare quarterly changes at annual rates in the GDP deflator. These can be volatile, just like the quarterly swings in real GDP growth; as a result, the trend in inflation is better determined by year- over- year changes.

The charts below are illustrating the difference between “Real GDP Growth” vs. GDP Price Index that is much more accurate.

Either we have a recession or not. Show me a single quarter of negative economic growth in the US since 2001. Now do not shift and fudge and fight artlessly when you do not have empirical data and power of legitimacy on your side...

 

[stock_trad3r]

They have nothing. No negative quarters, no recession.

 

[HedgefundTrader2]

Quote from stock_trad3r:

They have nothing. No negative quarters, no recession.

They have been delusional for the last 3 months.


Tore apart good charts on SPX, BIDU, GOOG, AAPL in utter hopelessness and anger when there was no recession! These damn shorts and perma bears you know they are sick puppies... and they have liars like GREENSPAN AND WARREN BUFFET to aid their sicknesses...

 

[domestic]

Quote from HedgefundTrader2:

If you lose the argument you pick on spelling mistakes? LOL.

Why do not you accept it like a man ?

i am not arguing with you. my point is directed at the readers who understand that grammar mistakes speak volumes about the person writing the post. although it did not need to be pointed out to most; i somehow felt the need to nonetheless.

 

[HedgefundTrader2]

Quote from domestic:

i am not arguing with you. my point is directed at the readers who understand that grammar mistakes speak volumes about the person writing the post. although it did not need to be pointed out to most; i somehow felt the need to nonetheless.

You donot have a leg to stand on.. so chose this weapon on me. You are done.

 

[MAESTRO]

Quote from HedgefundTrader2:

Either we have a recession or not. Show me a single quarter of negative economic growth in the US since 2001. Now do not shift and fudge and fight artlessly when you do not have empirical data and power of legitimacy on your side...

Do you understand the difference between the "Rate of Change" and the absolute value? Rate of Change can be negative while the absolute value could be still positive. Recession (by definition) starts when the Rate of change becomes negative. We have this for quite some time now, don't we?