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Old 05-28-2009, 07:53 AM
 
Location: New Jersey
4,184 posts, read 5,072,542 times
Reputation: 4233

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In a separate report, the government said demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months. New orders have risen in two of the past three months, which may be signaling that the deep recession in manufacturing is bottoming out.

Initial jobless claims drop unexpectedly - Yahoo! News (http://news.yahoo.com/s/ap/20090528/ap_on_bi_go_ec_fi/us_economy - broken link)
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Old 05-28-2009, 08:00 AM
 
231 posts, read 587,790 times
Reputation: 50
JG, I'm interested to hear your commentary on this. I'm not being sarcastic. I'd honestly like to know.
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Old 05-28-2009, 08:04 AM
 
1,552 posts, read 4,637,277 times
Reputation: 509
I love the stuff JG posts as "good news" these days ...

"The tally of newly laid-off people requesting jobless benefits fell last week, the government said Thursday, a sign that companies are cutting fewer workers.

But the number of people continuing to receive unemployment benefits rose to 6.78 million — the largest total on records dating back to 1967 and the 17th straight record week ....

And the relentless rise in continuing claims for jobless benefit means the unemployment rate, which reached 8.9 percent in April, will rise in May, economists said. Many economists expect the rate to approach 10 percent by the end of this year.

Even if layoffs are slowing, jobs remain scarce. A net total of more than 5.7 million jobs have been lost since the recession — the longest since World War II — began in December 2007."


Whoo-hoo! Green shoots!
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Old 05-28-2009, 08:05 AM
 
364 posts, read 827,150 times
Reputation: 101
Quote:
Originally Posted by JG183 View Post
In a separate report, the government said demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months. New orders have risen in two of the past three months, which may be signaling that the deep recession in manufacturing is bottoming out.

Initial jobless claims drop unexpectedly - Yahoo! News (http://news.yahoo.com/s/ap/20090528/ap_on_bi_go_ec_fi/us_economy - broken link)
When is the unemployment rate going to go down? For individuals more important question is if he/she loses job, how quickly he/she is going to find another job with GOOD pay (not underemployment). That is not going to happen in next 18 months. So for the mass this statistics makes no sense.

You have to be in the job market to figure out how difficult it is. So no recovery/green shoots anytime soon. Yes it's going to stabilize, and going to stabilize at lower level, in another 6 months or so.

Oops, commercial real estate is sinking now...
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Old 05-28-2009, 08:19 AM
 
Location: Stewartsville, NJ
7,577 posts, read 22,621,454 times
Reputation: 1260
Quote:
Originally Posted by JG183 View Post
In a separate report, the government said demand for big-ticket manufactured goods soared by the largest amount in 16 months in April, the second increase in the past three months. New orders have risen in two of the past three months, which may be signaling that the deep recession in manufacturing is bottoming out.

Initial jobless claims drop unexpectedly - Yahoo! News (http://news.yahoo.com/s/ap/20090528/ap_on_bi_go_ec_fi/us_economy - broken link)
JG..shame on you for trying to post "good news" in here!!!
One of my customers was telling me that her husband, a UPS? delivery man, noticed a large increase in shipments from manufacturing companies. All I know is, I have more work coming in than I can handle at the moment. Mostly tank removals/installations related to home sales!!! New projects are coming in at a rate of 3 per day... that's promising!
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Old 05-28-2009, 08:26 AM
 
1,931 posts, read 3,416,512 times
Reputation: 956
Quote:
Originally Posted by wileynj View Post
JG..shame on you for trying to post "good news" in here!!!
One of my customers was telling me that her husband, a UPS? delivery man, noticed a large increase in shipments from manufacturing companies. All I know is, I have more work coming in than I can handle at the moment. Mostly tank removals/installations related to home sales!!! New projects are coming in at a rate of 3 per day... that's promising!

Wow the country is healed!!! Great!!
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Old 05-28-2009, 08:39 AM
 
Location: Stewartsville, NJ
7,577 posts, read 22,621,454 times
Reputation: 1260
Quote:
Originally Posted by bababua View Post
Wow the country is healed!!! Great!!
Why do you seem bitter? I don't get this mentality... those of you who seem to be upset by potential news of a recovery??? Perhaps it's the old saying.. "misery loves company"?
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Old 05-28-2009, 08:46 AM
 
1,552 posts, read 4,637,277 times
Reputation: 509
Who's bitter? I find JG's posting of "good news" to be absolutely hilarious!
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Old 05-28-2009, 09:35 AM
 
Location: New Jersey
4,184 posts, read 5,072,542 times
Reputation: 4233
Quote:
Originally Posted by wileynj View Post
Perhaps it's the old saying.. "misery loves company"?
that's all it is...
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Old 05-28-2009, 10:01 AM
 
79 posts, read 127,729 times
Reputation: 39
It's more incredulity.

At any given time, there is good and bad stuff happening. Remarkably, the economy is not a binary system, with a choice between "everything is perfectly rosy" and "the world is over". Given the current balance between the two, the whole "green shoots" thing is laughably absurd. Yet people buy it and desperately cheer-lead over it. It's somewhat difficult to believe.

People will start believing in green shoots when home prices correct back to their inflation adjusted historical levels, interest rates go back to sane levels, foreclosures stop increasing, unemployment drops from its current record level - basically, once all of these negative indicators stop being at record bad levels people will start being optimistic. Until then, trying to spin things into "good news" is as cringeworthy as bad stand up.
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