The LEI (Leading Economic Indicators) up AGAIN (unemployment rate, gas prices, health care)

[ovcatto]

Originally Posted by summers73

Not a born again. Just wanted to give the "recovery" a little reality check.

You wouldn't know reality if Jesus personally handed it to you written on a tablet.

[LordBalfor]

It should be pointed out as well that this is the highest point the LEI has been at in 2 YEARS. Like it or not, it's made a big move up.

Ken

[summers73]

Originally Posted by compJockey

Great, because I enjoy hearing good news.

Are you ok though?
Seems you are part of a group of posters who HATE good news.

I'm doing fine, thanks for asking. Bad news for the economy is good IMO because it means the excesses are getting purged. Just as a fever is good news and means the sickness is being purged by the immune system.

[compJockey]

Originally Posted by summers73

I'm doing fine, thanks for asking. Bad news for the economy is good IMO because it means the excesses are getting purged. Just as a fever is good news and means the sickness is being purged by the immune system.

The "Death cures cancer" theory.
Fun.

[summers73]

Originally Posted by LordBalfor

Indeed they do. Seems like they spend a LOT of time poking pins in their Obama voodoo dolls.

LOL

Ken

What can I say? Shorting (rather, put contracts) on stocks in 2007 and going long on oil has reaped great rewards for this otherwise broke grad student.

[summers73]

Originally Posted by compJockey

The "Death cures cancer" theory.
Fun.

That's not what I said. Why be so abusive after I acquiesce and ask you how your day has been?

[LordBalfor]

Originally Posted by summers73

What can I say? Shorting (rather, put contracts) on stocks in 2007 and going long on oil has reaped great rewards for this otherwise broke grad student.

How's that shorting worked out the last 6 months or so?


Ken

[compJockey]

Originally Posted by summers73

That's not what I said. Why be so abusive after I acquiesce and ask you how your day has been?

Abusive?
Did the sun abuse you today by sharing existence with you?

Bad news for the economy is good IMO because it means the excesses are getting purged.

You make it sound like you would have preferred a prolonged depression so we can trim the fat. I don't agree. I would have voted McCain if I wanted to see us hit rock bottom as fast as possible.

[Indurain]

Originally Posted by summers73

When I hear people claim "recovery", I look at some quotes from 1930 saying the same thing and chuckle.

You should research the difference between inflation and deflation first

[HappyTexan]

Well Ken..good news for you and the numbers you follow. Other indicators still need to find their footing.

I follow port traffic and that is still one sick puppy. I hope the numbers are better next month..that would be for 4Q Christmas stuff for retail.

Imports dive at ports of Los Angeles and Long Beach -- latimes.com

"In another sign of how deep the global recession has become, the ports of Los Angeles and Long Beach on Friday reported their worst combined import statistics for September in nine years."