What happened to all of the doom and gloom economic threads?

[unregistered]

 

[Beco]

Stocks falter after drop in pending home sales
By STEPHEN BERNARD and TIM PARADIS (AP) – 3 hours ago

NEW YORK — Stocks are clinging to a tight range after an unexpected drop in pending home sales raised new concern about the economy.

Major indexes are little changed Thursday following the National Association of Realtors' report that its index of home sales agreements fell 7.6 percent in January from December.

The drop is overshadowing enthusiasm about better retail sales numbers. Macy's Inc., Limited Brands Inc. and The Wet Seal Inc. all posted monthly sales that topped analysts' expectations.

At midday, the Dow Jones industrial average is up 14 at 10,410. The Standard & Poor's 500 index is up 1 at 1,119. The Nasdaq composite index is down 1 at 2,280.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

NEW YORK (AP) — Stocks faltered following an early advance as pending home sales dropped unexpectedly.

The market traded in a tight range around the flat mark after the National Association of Realtors said its seasonally adjusted index of home sales agreements fell 7.6 percent in January from December. Contracts fell to the lowest level since April.

The drop in the number of buyers of previously occupied homes overshadowed enthusiasm over better retail sales numbers. Macy's Inc., Limited Brands Inc. and The Wet Seal Inc. all posted monthly sales that topped analysts' expectations. Wal-Mart Stores Inc. raised its dividend 11 percent.

The drop in home sales brought back concerns about the economy after a stronger report on jobless benefits claims had given traders more hopes about the Labor Department's monthly payroll report due out Friday.

Initial jobless claims dipped last week after two straight weeks of unexpected increases, the Labor Department reported. New claims fell to 469,000, better than the 470,000 economists had forecast.

Friday's report is expected to show that unemployment rose to 9.8 percent in February from 9.7 percent in January as employers cut 50,000 jobs. However economists are also expecting slight gains in both average hourly earnings and average hours worked.

 

[busybody..]

Under Bush, when an avg of 250,000 new hires were made per month

the DIMZ said its the worst economy since H Hoover



now that the economy is ONLY losing 460,000 per month


ITS OK!

 

[koalabear]

All is well, they just passed the jobs stimulus.

 

[firespin]

As a percentage unemployment may have been worse in the December of 1982 when it stood at 10.8%.

It's only the worst it's been in 28 years, missing a longer interval by a few tenths of a percent.

Time to break out the champagne!

 

[unregistered]

 

[busybody..]

As a percentage unemployment may have been worse in the December of 1982 when it stood at 10.8%.

the number now is at least 20%~

 

[unregistered]

 

[Beco]

Rather than change the subject why not stick to your guns on the last bullshit statement you made.

You said "there is supposed to be a jobs annoucment comng, worst so far ".

I can say with absolute certainty that you have no idea what the fuck you're talking about.

Friday's report is expected to show that unemployment rose to 9.8 percent in February from 9.7 percent in January as employers cut 50,000 jobs.

 

[Ulaven_Demorte]

Friday's report is expected to show that unemployment rose to 9.8 percent in February from 9.7 percent in January as employers cut 50,000 jobs.

50,000 is a drop in the bucket compared to the over 500K lost in the early months. Any losses are bad, but it's not exactly what you intimated now is it?

"there is supposed to be a jobs annoucment comng, worst so far "

Again, you don' know what the fuck you're talking about.

 

[firespin]

50,000 is a drop in the bucket compared to the over 500K lost in the early months. Any losses are bad, but it's not exactly what you intimated now is it?

"there is supposed to be a jobs annoucment comng, worst so far "

Again, you don' know what the fuck you're talking about.

Employers were shedding payroll last year in advance of the chosen one's health plan.

Now they're in a holding pattern.

 

[IrezumiKiss]

Employers were shedding payroll last year due to the fallout from the failed policies and culture of greed enabled by the previous boy king.

Now they're in a holding pattern.

Damn, that individual perception. It's a doozy, ain't it?

 

[firespin]

Damn, that individual perception. It's a doozy, ain't it?

Those wacky employers! The hate Bush so much, and love Obama so much, that they waited until Obama was in office to lay off millions! What a bunch of crazy kidders.

Business loves Obama though. He brings them new regulations on consumer finance, government oversight of certain pay packages, the promise of new regulations on health insurance. He pours billions of taxpayer dollars to subsidize failing companies and maintain excess capacity, runs massive deficits so that the government floods the capital markets, and (if we're lucky) brings us new government controls on energy use and cost.

He combines the business savvy of a law school professor with the respect for private property of a community organizer.

What's not to like?

 

[Beco]

Those wacky employers! The hate Bush so much, and love Obama so much, that they waited until Obama was in office to lay off millions! What a bunch of crazy kidders.

Business loves Obama though. He brings them new regulations on consumer finance, government oversight of certain pay packages, the promise of new regulations on health insurance. He pours billions of taxpayer dollars to subsidize failing companies and maintain excess capacity, runs massive deficits so that the government floods the capital markets, and (if we're lucky) brings us new government controls on energy use and cost.

He combines the business savvy of a law school professor with the respect for private property of a community organizer.

What's not to like?

you forgot to add, he will tax and tax and tax us to death....new health plan? tax us, renew Bush tax cuts, nooooooooo.

 

[IrezumiKiss]

Those wacky employers! The hate Bush so much, and love Obama so much, that they waited until Obama was in office to lay off millions! What a bunch of crazy kidders.

Business loves Obama though. He brings them new regulations on consumer finance, government oversight of certain pay packages, the promise of new regulations on health insurance. He pours billions of taxpayer dollars to subsidize failing companies and maintain excess capacity, runs massive deficits so that the government floods the capital markets, and (if we're lucky) brings us new government controls on energy use and cost.

He combines the business savvy of a law school professor with the respect for private property of a community organizer.

What's not to like?

Waited until Obama was elected? Wow, what city are you living in? I gotta relocate there, the time-delay factor is the best evidence of string theory enabled temporal travel I've ever heard! The fumbling economy started fucking with the jobs here at least three months before that "fatal" day in November of 2008. Some people have all th' luck!

 

[firespin]

Waited until Obama was elected? Wow, what city are you living in? I gotta relocate there, the time-delay factor is the best evidence of string theory enabled temporal travel I've ever heard! The fumbling economy started fucking with the jobs here at least three months before that "fatal" day in November of 2008. Some people have all th' luck!

Overall they piled on the last few months of 2008 when it was clear who was going to win.

http://i.l.cnn.net/money/2009/04/03/news/economy/jobs_march/chart_job_losses_040309.03.jpg

 

[busybody..]

KEEPING THE UNEMPLOYMENT RATE BELOW 10% by hiring Census workers.

 

[busybody..]

the economy and the stock market started to crater in June of 2008, the EXACT week the KNEE GROW took the lead over the CUNT in the primary


the ECONOMY and the STOCK MARKET, a forward looking mechanism didn't like the prospect of THE KNEE GROW COMMIE SOCIALIST MARXIST lead this great nation


and spoke!

 

[Frisco_Slug_Esq]

KEEPING THE UNEMPLOYMENT RATE BELOW 10% by hiring Census workers.

*chuckle*

Trü dat!

And they're being armed with the Patriot Act...



Of course, they'll need protection from all the 9-11 teabag truthers...

 

[sufisaint]

We are about a year away from critical mass on a total meltdown. Without job creation beyond job lossess, without a stable dollar, without some type of energy dependence, without a manufacturing base to have a trade balance and without government and legal reform to stop corporate special interests, illegal immigration and sufficating regulation and unfair taxes on every aspect of life this country has no chance of recovery. Obama and the democrats have wasted precious time with a phony health insurance issue, just another way of moving the money around without adressing the underlying issue, same as the economic stimulus package which put a money "bandaid" on the banking industry but did very little to solve the underlying problem. Executives are still getting paid but banks are not lending money, letting ordinary people refiance or letting small business borrow. State governments have spent all their stimulus money keeping government workers going serving the welfare state and all that money is gone with little true job creation.

Where are the "green jobs" Obama promised? Which if done right could have been our spark to our recovery. The Republicans just want tax breaks and no regulation on business so the few can get rich on selling this country out to forgein investors and the Democrats just want control with a big government welfare state. Both sides suck and a the corporate "press" will never let a true third party catch on...Doom and gloom seems to be an accurate picture unless things turn around real fast and with the political gridlock, only a voter revolution will save us...

Here is one of the latest job predictions...not good.

http://finance.yahoo.com/tech-ticker/%22real%22-unemployment-could-surge-to-25-portfolio-manager-says-435911.html?tickers=^dji,^gspc,dia,spy,man,LCCMX,KELYA

 

[busybody..]

REID: GOOD NEWS, ONLY 36000 LOST THEIR JOBS TODAY


Please remeber

Under Bush

When 250K jobs were PRODUCED per month

These same "people" were saying WORST ECONOMY SINCE H HOOVER

 

[unregistered]

 

[Luk]

It's funny that the people that contribute most to this thread contribute the least to helping the economy and are jobless.

 

[busybody..]

UH OH: New York Times: Is The Recovery Losing Steam? Was there ever a recovery at all, or was it just a matter of pumping air into a leaky tire?

 

[busybody..]

http://www.weaselzippers.net/.a/6a00e008c6b4e5883401310f69f966970c-320wiObama: Hey, Great News! The Economy Only Lost 36,000 Jobs Last Month...




Bonus: He blamed the job losses on the East Cost snowstorms...you know, because doesn't everyone get laid-off when it snows?...IDIOT!

(The Hill)- President Barack Obama boasted Friday that his economic recovery efforts were showing results after the national unemployment rate stayed at a steady 9.7 percent for February.

Obama, touring a small business in Arlington, Va., said that the 36,000 jobs lost last month was "actually better than expected" considering the massive snowstorms that devastated the East Coast.

But the president said the steady number also “shows that the measures we're taking to turn our economy around are having some impact.”