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Problem is KevK..we are still losing jobs. We need to see some jobs come back. Many are gone forever to the likes of China/India/Brazil..good paying white collar engineering jobs.
I dont think they get it - no jobs means no spending, except from money the Fed is borrowing against the debt - how long can Obama keep doing that?
Employment: A pair of reports released before the open showed that the pace of unemployment is starting to slow.
Employers in the private sector pared 491,000 jobs from their payrolls in April, after cutting 708,000 jobs in March, according to payroll services firm ADP. Economists surveyed by Briefing.com expected a decline of 645,000.
Inflation is back, so the stock market is reflecting this decreased value of the dollar. Hang Seng is up 50% from its low, about 5 times the % amount of the Dow. The Chinese truly are the
Zimbabwe's stock market is up millions of %, far more than anywhere else in the world. Does that mean their economy is red hot?
Last edited by ViewFromThePeak; 05-06-2009 at 08:05 PM..
The market has recovered significantly from it's March low...
The market is responding positively to news of bank stress test results, layoffs slowed slightly, and profits are better than anticipated...
Still a rocky road ahead - but I think the worst is behind us - and confidence will grow from here on in.
Yup.
Been saying that for 2 months now.
To begin with there were LOTS of confident naysaying Obamabashers on this board chiming in about how it just being a short-lived Bear Market Rally and that we were headed for an even deeper plunge any day now - but nowadays - hardly a whisper from the Obamabashers as little by little the evidence mounts that we are at or near the bottom of the Recession.
It WILL be ugly for a while yet, but are near or at the bottom and once the stimulus money starts to kick in things should begin to improve pretty well.
So, for those on the Right who were gloating that the current recession was about to morph into an economic disaster of epic proportions that would sweep the Democrats from power in 2010 and put the GOP back in the drivers seat - well, good luck with that.
Yup.
Been saying that for 2 months now.
To begin with there were LOTS of confident naysaying Obamabashers on this board chiming in about how it just being a short-lived Bear Market Rally and that we were headed for an even deeper plunge any day now - but nowadays - hardly a whisper from the Obamabashers as little by little the evidence mounts that we are at or near the bottom of the Recession.
It WILL be ugly for a while yet, but are near or at the bottom and once the stimulus money starts to kick in things should begin to improve pretty well.
So, for those on the Right who were gloating that the current recession was about to morph into an economic disaster of epic proportions that would sweep the Democrats from power in 2010 and put the GOP back in the drivers seat - well, good luck with that.
Ken
Yep, can't wait until the next TeaBaggin Parties.... They'll look like complete idiots. By then the Reinvest In America Bill will begin to kick in... Bids will be in and projects will have begun on roads, bridges, high speed rail and other infrastructure projects and the TeaBaggers and FAUX NEWS will look like fools...They will have their signs out questioning if Obama is US Citizen, or that he is a socialist or some other stupid accusation and the rest of America will be, well progresing as it should... Birds of a feather flock together is so true, isn't though?
Inflation is back, so the stock market is reflecting this decreased value of the dollar.
As usual an inaccurate BS post.
Do you just make stuff up?
It sure looks like it.
The inflation rate was at a NEGATIVE value for March (the last full month) - and EXTREMELY LOW for Jan and Feb. Current Inflation
Quote:
Originally Posted by ViewFromThePeak
Hang Seng is up 50% from its low, about 5 times the % amount of the Dow.
Really, well I got news for you - your math is REALLY BAD.
The Dow is up 30% or so from it's low so in order to be up 5 times the % amount of the Dow the Hang Seng would have to be up 150%.
So, once again, you've no clue what you are talking about.
I gotta tell ya' it's starting to become a habit.
Maybe your should actually check your facts before posting.
Quote:
Originally Posted by ViewFromThePeak
Zimbabwe's stock market is up millions of %, far more than anywhere else in the world. Does that mean their economy is red hot?
Now you are comparing the US stock market to the Zimbabwe stock market.
Ever wonder why your posts aren't taken seriously?
Silly boy.
I do have to say though that if you love the Zimbabwe stock market so much, feel free to invest.
LOL
Notice you are not commenting on the value of Gold any more.
Could that be because it's down 10% or so in the last couple of months?
Among the reasons for the new optimism: a significant easing of the credit crunch, improvement in consumer spending, a potential bottom in housing, a less-grim jobs picture and expectations that the government's massive stimulus spending could start boosting economic growth sooner than later.
I hope so too.
No one can say for sure, but as I wrote, I've been predicting this for the last 2 months.
Ken
PS - Thought the first little bit of the article lamexican linked to was pretty enlightening:
"You've heard all the gloom and doom about this recession. Now here's some good news: the economic recovery could happen much sooner—and be much stronger—than anyone thought possible.
Though the latest economic data is still giving a mixed picture, a small but growing group of economists is disputing the idea that the recession will drag on for months and that the rebound will be as weak as those following the the 1991 and 2001 downturns."
Hopefully they're right.
Ken
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A bit more of positive economic news...
