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Old 04-01-2011, 09:38 AM
 
Location: Great State of Texas
86,093 posts, read 70,173,862 times
Reputation: 27525

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Quote:
Originally Posted by ringwise View Post
Waiting for skyrocketing inflation to kick in. What will be the excuse then?
Food has increased dramatically in the past year. Bernanke dismissed it though.
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Old 04-01-2011, 09:38 AM
 
Location: AL
2,477 posts, read 2,209,436 times
Reputation: 1007
Quote:
Originally Posted by Finn_Jarber View Post
Private employers, the backbone of the economy, drove nearly all of the March job gains. They added 230,000 jobs last month, on top of 240,000 in February. It was the first time private hiring topped 200,000 in back-to-back months since 2006 more than a year before the recession started.

The unemployment rate dipped from 8.9 percent in February to 8.8
percent in March. The rate has fallen a full percentage point over the last four months, the sharpest drop since 1983.

Employment grew solidly in March - Business - Eye on the Economy - Stocks & economy - msnbc.com

Thank you "Bush Tax Cuts" that were extended.
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Old 04-01-2011, 09:39 AM
 
Location: Great State of Texas
86,093 posts, read 70,173,862 times
Reputation: 27525
Quote:
Originally Posted by LordBalfor View Post
Potential inflation IS a cause for concern as the recovery picks up speed. However, with interest rates currently near ZERO, the Fed is in a better position than ever to combat it since raising the interest rate is the tool generally used to fight inflation. So, as inflation increases, the Fed will simply do what it has ALWAYS done to tame inflation - slowly raise interest rates. This WILL cool the economy, but recovery is now pretty firm footing so it shouldn't be too big of a setback.

All in all, a pretty good place to be.



Ken
Commodity inflation is not something Bernanke can control with low interest rates.
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Old 04-01-2011, 09:42 AM
 
Location: SE Arizona - FINALLY! :D
19,003 posts, read 22,009,848 times
Reputation: 6558
Quote:
Originally Posted by HappyTexan View Post
Commodity inflation is not something Bernanke can control with low interest rates.
Sure it is. Higher interest rates slow the economy which cuts consumption of commodities - which lowers their prices. To certain degree higher commodity prices themselves provide their own break by slowing economic growth.

Ken
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Old 04-01-2011, 09:50 AM
 
Location: SE Arizona - FINALLY! :D
19,003 posts, read 22,009,848 times
Reputation: 6558
Quote:
Originally Posted by shorebaby View Post
LOL, is the recovery you speak of?

The Weakest Post-Recession Recovery on Record (in graphs) - ETFdesk.com - Seeking Alpha

"Charts (from Dave Rosenberg) show that this is the weakest post-recession recovery on record. Anyone starting to question this 70% run up since March '09?"
LOL

You DO know that article is a YEAR OLD don't you?


The economy has come a LONG WAY since March of 2010.
In the meantime the UE rate has dropped nearly a full point and we've added over a million and half jobs - with the pace of hiring iNCREASING.

Ken
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Old 04-01-2011, 09:55 AM
 
1,465 posts, read 4,428,432 times
Reputation: 849
It is nice our government now has checks and balances. When it is all controlled by one side, too many radical items can be passed. Companies now have more confidence that it will be a more orderly government.

If the health bill were rescinded, I would guess employment would boom!
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Old 04-01-2011, 10:00 AM
 
Location: Miami, FL
58,617 posts, read 32,063,428 times
Reputation: 9437
Quote:
Originally Posted by LordBalfor View Post
This is why back in April of 2009 I posted that the economy was ALREADY THEN about to turn around (and jumped back into the Stock Market with both feet) - while all you "doom & gloom" types belittled that opinion. I KNEW better however because I'd been watching the LEI (Leading Indicators Index) and had noted that that index had finally turned POSITIVE. Sure enough, within just over a quarter the GDP was positive again and the economy growing. Within a year, monthly job loss had turned to month job GAIN. This growth DID stay weak for longer than I expected (roughly a full year) but late last year the pace recovery began to pick up and this year the pace has REALLY accelerated. There will be tremendous inprovement in the economy this year.



Ken

This is true. You did say that, and so did I, but the "sky is falling" crowd was too busy stocking up on canned food and ammo to listen to common sense.
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Old 04-01-2011, 10:03 AM
 
Location: Miami, FL
58,617 posts, read 32,063,428 times
Reputation: 9437
Quote:
Originally Posted by kerrymac View Post
Thank you "Bush Tax Cuts" that were extended.
Is that also why we gained 200K jobs last october, or 450K in May 2010? Because people pay the same tax as they have for the last 10 years???
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Old 04-01-2011, 10:05 AM
 
Location: Hoboken
19,891 posts, read 15,824,382 times
Reputation: 3123
Quote:
Originally Posted by LordBalfor View Post
LOL

You DO know that article is a YEAR OLD don't you?


The economy has come a LONG WAY since March of 2010.
In the meantime the UE rate has dropped nearly a full point and we've added over a million and half jobs - with the pace of hiring iNCREASING.

Ken

Okey dokey, here is something from just before the Republican take over of the House. Enjoy!!

Rosenberg: Not Your Average Recession - Seeking Alpha

"David Rosenberg, Chief Economist & Strategist at Gluskin Sheff, Toronto, has a graph that goes a long way toward explaining why this recovery does not feel like a recovery:"

"Is the reason that this doesn't feel like a recovery because so many things have not recovered? Sure looks like it.
One factor that is followed to track recoveries from recessions is GDP. The weakest GDP recoveries in the past 60+ years are shown in the next graphic:"
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Old 04-01-2011, 10:05 AM
 
Location: Miami, FL
58,617 posts, read 32,063,428 times
Reputation: 9437
Quote:
Originally Posted by LordBalfor View Post
LOL

You DO know that article is a YEAR OLD don't you?


The economy has come a LONG WAY since March of 2010.
In the meantime the UE rate has dropped nearly a full point and we've added over a million and half jobs - with the pace of hiring iNCREASING.

Ken
I don't think she knows it is that old...
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