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I remember when economic good news was job growth. Now the lib economic good news story is slower job losses
Sadly, those days (what there was left of them) evaporated back in September of last year during the financial meltdown in the waning days of "Junior's" term (what a parting gift eh?).
I remember when economic good news was job growth. Now the lib economic good news story is slower job losses
Well, you've got to start somewhere, and in comparison to the freefall that carried into the beginning of the year, the current situation is a very significant, even if still somewhat tentative, improvement.
The pace of layoffs look like they are continuing to drop - and I stand by my prediction that they will be done (and hiring returning) by the spring.
Pace of Layoffs, Planned Job Cuts Both Show Decline - Economy * US * News * Story - CNBC.com (http://www.cnbc.com/id/33616813 - broken link)
Ken
Really Ken, REALLY?? I dont know what you do here in Washington, but I can tell you things are just starting to really hit the skids here. Business is virtually at a stand still and companies that normaly can weather slow times are shutting down , closing their doors and not paying their bills, it aint going to turn around by spring no how!
Really Ken, REALLY?? I dont know what you do here in Washington, but I can tell you things are just starting to really hit the skids here. Business is virtually at a stand still and companies that normaly can weather slow times are shutting down , closing their doors and not paying their bills, it aint going to turn around by spring no how!
Perhaps fortunately, neither one of these things means very much to the economy.
I dunno. It sure seemed to mean a lot during the 70's recession when the dow was worth 1 ounce of gold, and during the GD when it was worth 1 ounce of gold. Ignoring gold doesn't make it go away, especially when a country buys 200 tons of the stuff.
I dunno. It sure seemed to mean a lot during the 70's recession when the dow was worth 1 ounce of gold, and during the GD when it was worth 1 ounce of gold. Ignoring gold doesn't make it go away, especially when a country buys 200 tons of the stuff.
Well, yeah, gold is always up when the economy is down. The question is - what does gold do when the economy RECOVERS.
It should also be pointed out that that SAME country (India) which just bought all that gold has DOUBLED it's holdings in US Treasuries in the last year.
What does that tell you?
It tells you that (like China) they have money to invest and they are investing it in many different things. It's not called a reliance on gold, it's called diversification.
Well, yeah, gold is always up when the economy is down. The question is - what does gold do when the economy RECOVERS.
It should also be pointed out that that SAME country (India) which just bought all that gold has DOUBLED it's holdings in US Treasuries in the last year.
What does that tell you?
It tells you that (like China) they have money to invest and they are investing it in many different things. It's not called a reliance on gold, it's called diversification.
Ken
Gold buying is up huge and US treasury buying is down as a recent trend. Good times!
Even your OWN link shows foriegn holdings of US Treasuries are UP.
Last year in August: 2688.4 billion
This year in August: 3448.8 billion
You do realize that 3.4488 trillion dollars is greater than 2.6884 trillion dollars don't you? (by a LOT I might add)
What? Are you using some new kind of Palin math?
LOL
Even your OWN link shows foriegn holdings of US Treasuries are UP.
Last year in August: 2688.4 billion
This year in August: 3448.8 billion
You do realize that 3.4488 trillion dollars is greater than 2.6884 trillion dollars don't you? (by a LOT I might add)
What? Are you using some new kind of Palin math?
LOL
Ken
Not looking at one year trends. Was looking at very recent trend among Chinese and Indian holdings. India is reducing treasury holding and buying up gold. Same with China. Last year was a buying bonanza for treasuries because of perceived safety. Now that inflation will be king, treasuries are the LAST place you want to go.
BTW, here's some more green shoots coming your way.
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