uscitizen
Villified User
Sadly schools are still teaching the old ways of economics. One reason our college degreed experts did not see this one coming.
What our education system teaches always lags reality.
The recession is over
- Thread starter Topspin
- Start date
Sadly schools are still teaching the old ways of economics. One reason our college degreed experts did not see this one coming.
What our education system teaches always lags reality.
apple0154
MEOW
Says a consensus of economist.
They forecast 2.4% in the third QTR
If that's the case Obama's approval will reverse the short dip and skyrocket
YIPPEE!! Now I can open that package of hot dogs I've been saving for over a year.
Topspin
Verified User
what lags economic enlightenment are GED dropouts
Topspin
Verified User
Joe Dirt, love your social stances. Your clueless on business though
uscitizen
Villified User
I went from zilch to finiancially secure in a bit over a year. Got out of the stock market at the right time based on my projections. Have lost not one dime during the downturn and have actually gained a modest amount.
A successful business owner as well. Which I sold for a very nice profit to my employees. I did turn down 50K more though in order to sell it to my employees.
I have also set up all my grandchildren with education trusts. So that they can be unstoppable when their inherited intillect is combined with a good education.
And I won no lottery nor inherited anything except common sense.
It seems that common sense is not as common as it once was.
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uscitizen
Villified User
The technical end of a recession and the functional end are not the same. I deal in realities of life and people.
GDP is a piss poor measure of quality of life in the USA.
You being a number cruncher though....
Also the technical end could also fall right on its face with another drop. We have no reason to assume a stable economy this year nor for most of next.
Minister of Truth
Practically Perfect
Stop fucking trolling. You have admitted many times to being a free trader.
uscitizen
Villified User
Retail sales dip unexpectedly, jobless claims rise
Aug 13, 11:20 AM (ET)
By CHRISTOPHER S. RUGABER
WASHINGTON (AP) - Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery.
"There is really no positive spin to put on these numbers," Jennifer Lee, an economist with BMO Capital Markets, wrote in a research note. "The U.S. consumer remains very weak. The jobs situation, while slowly improving, is still dismal."
The Commerce Department said Thursday that retail sales fell 0.1 percent last month. Economists had expected a gain of 0.7 percent.
While autos, helped by the start of the Cash for Clunkers program, showed a 2.4 percent jump - the biggest in six months - there was widespread weakness elsewhere. Gasoline stations, department stores, electronics outlets and furniture stores all reported declines.
The July dip was the first setback following two months of modest sales gains. Excluding autos, sales fell 0.6 percent, worse than the 0.1 percent rise economists had forecast.
Households are working to pay down debt and add to savings, longer-term trends along with little job growth making it "probable that the U.S. consumer will not be much of a help during the early stages of the economic recovery," Joshua Shapiro, chief U.S. economist at consulting firm MFR Inc., wrote in a note to clients.
The Labor Department said initial claims increased to a seasonally adjusted 558,000, from 554,000 the previous week. Analysts expected new claims to drop to 545,000, according to Thomson Reuters.
The number of people remaining on the benefit rolls, meanwhile, fell to 6.2 million from 6.34 million the previous week. Analysts had expected a smaller decline. The continuing claims data lags initial claims by one week.
The four-week average of initial claims, which smooths out fluctuations, rose by 8,500 to 565,000. That reverses six straight weeks of decline.
http://apnews.myway.com/article/20090813/D9A22U880.html
Aug 13, 11:20 AM (ET)
By CHRISTOPHER S. RUGABER
WASHINGTON (AP) - Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery.
"There is really no positive spin to put on these numbers," Jennifer Lee, an economist with BMO Capital Markets, wrote in a research note. "The U.S. consumer remains very weak. The jobs situation, while slowly improving, is still dismal."
The Commerce Department said Thursday that retail sales fell 0.1 percent last month. Economists had expected a gain of 0.7 percent.
While autos, helped by the start of the Cash for Clunkers program, showed a 2.4 percent jump - the biggest in six months - there was widespread weakness elsewhere. Gasoline stations, department stores, electronics outlets and furniture stores all reported declines.
The July dip was the first setback following two months of modest sales gains. Excluding autos, sales fell 0.6 percent, worse than the 0.1 percent rise economists had forecast.
Households are working to pay down debt and add to savings, longer-term trends along with little job growth making it "probable that the U.S. consumer will not be much of a help during the early stages of the economic recovery," Joshua Shapiro, chief U.S. economist at consulting firm MFR Inc., wrote in a note to clients.
The Labor Department said initial claims increased to a seasonally adjusted 558,000, from 554,000 the previous week. Analysts expected new claims to drop to 545,000, according to Thomson Reuters.
The number of people remaining on the benefit rolls, meanwhile, fell to 6.2 million from 6.34 million the previous week. Analysts had expected a smaller decline. The continuing claims data lags initial claims by one week.
The four-week average of initial claims, which smooths out fluctuations, rose by 8,500 to 565,000. That reverses six straight weeks of decline.
http://apnews.myway.com/article/20090813/D9A22U880.html
uscitizen
Villified User
Foreclosures rise 7 percent in July from June
Email this Story
Aug 13, 7:26 AM (ET)
By ALAN ZIBEL
WASHINGTON (AP) - The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.
Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice, such as a notice of default or trustee's sale. That's the highest monthly level since the foreclosure-listing firm began publishing the data more than four years ago.
Banks repossessed more than 87,000 homes in July, up from about 79,000 homes a month earlier.
http://apnews.myway.com/article/20090813/D9A1VGN80.html
Email this Story
Aug 13, 7:26 AM (ET)
By ALAN ZIBEL
WASHINGTON (AP) - The number of U.S. households on the verge of losing their homes rose 7 percent from June to July, as the escalating foreclosure crisis continued to outpace government efforts to limit the damage.
Foreclosure filings were up 32 percent from the same month last year, RealtyTrac Inc. said Thursday. More than 360,000 households, or one in every 355 homes, received a foreclosure-related notice, such as a notice of default or trustee's sale. That's the highest monthly level since the foreclosure-listing firm began publishing the data more than four years ago.
Banks repossessed more than 87,000 homes in July, up from about 79,000 homes a month earlier.
http://apnews.myway.com/article/20090813/D9A1VGN80.html
Topspin
Verified User
Fed shows a little optimism
Central bank says the long decline for the U.S. economy appears to have ended, although it's likely to remain weak for awhile.
NEW YORK (CNNMoney.com) -- The Federal Reserve said Wednesday it appears that the U.S. economy has halted the longest period of decline since the Great Depression, although it cautioned that economic activity is likely to remain weak in the near term.
Central bank says the long decline for the U.S. economy appears to have ended, although it's likely to remain weak for awhile.
NEW YORK (CNNMoney.com) -- The Federal Reserve said Wednesday it appears that the U.S. economy has halted the longest period of decline since the Great Depression, although it cautioned that economic activity is likely to remain weak in the near term.
Sammy Jankis
Was it me?
Those propellerheads are just paid to lie for the military industrial complex and perpetuate the "printing money" solution out of all problems. this solution always concentrates power in the statist hands of those who create money, not value.
All that's happening now is they're figuring out how to decouple the myopic standards of economic success, gdp usually, from the well-being of the average citizen, how to create the perfect "jobless recovery".
SmarterthanYou
rebel
all of this recession/depression crap is a red herring. The real intent is to start world war 4 in the middle east so we can goad China in to doing something antagonistic.
uscitizen
Villified User
You have been listening to Asshat too much.