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Inflation and Unemployment take a big jump
Topic Started: Feb 18 2010, 06:23 AM (897 Views)
John D'Oh
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MAMIL
John D'Oh
Feb 18 2010, 11:05 AM
Mikhailoh
Feb 18 2010, 11:00 AM
Say goodbye to the Democratic majorities, then to Obama.

AMFs.
The GOP are going to fix the economy!

IOW, we're f*cked.
QFT.

What an intelligent bloke!
What do you mean "we", have you got a mouse in your pocket?
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jon-nyc
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Cheers
Luke's Dad
Feb 18 2010, 06:23 AM
Links dead, but anyway that inflation number is welcomed by the market. As for a single weekly jobless claim number being worse than expected, I personally dont view it as an indicator that our slow recovery has stalled. Too many data points going the other way.


Also January employment data can be pretty noisy. We'll see what happens heading into the spring.
In my defense, I was left unsupervised.
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1hp
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Fulla-Carp

Quote:
 
I personally dont view it as an indicator that our slow recovery has stalled. Too many data points going the other way.


After 2 years of not having a steady full time job I could use some cheery news. Please list these "many" data points.
There are 10 kinds of people in this world, those that understand binary and................
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Luke's Dad
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Emperor Pengin
jon-nyc
Feb 19 2011, 12:52 AM
Luke's Dad
Feb 18 2010, 06:23 AM
Links dead, but anyway that inflation number is welcomed by the market. As for a single weekly jobless claim number being worse than expected, I personally dont view it as an indicator that our slow recovery has stalled. Too many data points going the other way.


Also January employment data can be pretty noisy. We'll see what happens heading into the spring.
The link's dead because it's a year old.
The problem with having an open mind is that people keep trying to put things in it.
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jon-nyc
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Too funny, LD, I missed that.

HP - off the top of my head, US GDP has been growing since 2Q09, as has Europe. Exports have risen, as have corporate profits. Corporate defaults peaked over a year ago and have been in decline. The economy added jobs in each of the last 4 months. Retail sales were up in 2010. Even industrial production was up.

In my defense, I was left unsupervised.
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Jolly
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Geaux Tigers!
jon-nyc
Feb 19 2011, 05:33 PM
Too funny, LD, I missed that.

HP - off the top of my head, US GDP has been growing since 2Q09, as has Europe. Exports have risen, as have corporate profits. Corporate defaults peaked over a year ago and have been in decline. The economy added jobs in each of the last 4 months. Retail sales were up in 2010. Even industrial production was up.

But slow growth is almost as bad as no growth, if the trend upwards is flat enough.

And our growth is pretty flat....
The main obstacle to a stable and just world order is the United States.- George Soros
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1hp
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Fulla-Carp

Quote:
 
HP - off the top of my head, US GDP has been growing since 2Q09, as has Europe. Exports have risen, as have corporate profits. Corporate defaults peaked over a year ago and have been in decline. The economy added jobs in each of the last 4 months. Retail sales were up in 2010. Even industrial production was up.


Home prices hit post bust lows in most cities

Investors waltz on, eye exits


Even as they remain heavily invested in the market, many investors are wary about what happens next. The recovery in the economy and stocks has been fueled to a large degree by unusually aggressive government support. As a result, investors are worried about the ultimate cost of ending the crisis, including what will happen when government support begins to wane in a few months.

There are 10 kinds of people in this world, those that understand binary and................
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jon-nyc
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Not sure how those items relate, hp.

You asked for the data points that went the other way, i gave you a few off my head. Its not like I said 'all other news is positive'.
In my defense, I was left unsupervised.
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1hp
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Fulla-Carp

imho home prices don't drive the economy, they are an indicator. Who holds the paper on all the unsold houses? Bank failures still seem to be high. 2010 was reported as the worst year for bank failures since 1992, and from the list of failed banks, this year is shaping up to match it.

Failed bank list

2010 worst year for bank failures since 1992


I think we are in a small "blip" - the US consumer is used to spending, and got tired of not spending, so they went on a splurge over Christmas. Nothing I am looking at says unemployment has improved. Maybe other parts of the country are doing better?

Can't put it into economic terms, but when you compete in sports, and find yourself on a winning team, everything just comes together and it feels like you're on a winning team. Yeah, a lot of hard work went into getting there, but everyone worked together and believed they could get there. The US just doesn't have that feel at the moment.


The one heartening thing I've learned - small and mid sized companies are starting to pull manufacturing back to the US from China.

There are 10 kinds of people in this world, those that understand binary and................
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John D'Oh
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1hp
Feb 22 2011, 09:47 AM
The one heartening thing I've learned - small and mid sized companies are starting to pull manufacturing back to the US from China.

That's good news, bad news.

The bad news is it's now cheaper to hire Mexican migrants than Chinese.
What do you mean "we", have you got a mouse in your pocket?
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KlavierBauer
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HOLY CARP!!!
I was ok with a Chinese iPad that had a cost of 15 suicides to be made - but I don't know how I feel about a Mexican built iPad...
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"He said sleepily: "Don't worry mom, my dick is like hot logs in the morning." - Apple

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Axtremus
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HOLY CARP!!!
1hp
Feb 22 2011, 08:17 AM
... investors are worried about the ultimate cost of ending the crisis, including what will happen when government support begins to wane in a few months.

These investors should have pined for more government stimulus instead of getting the anti-stimulus GOPers elected.
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jon-nyc
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Unemployment at a 2-yr low.


http://www.bloomberg.com/news/2011-04-02/u-s-jobless-rate-unexpectedly-drops-to-two-year-low-in-march.html
In my defense, I was left unsupervised.
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John D'Oh
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MAMIL
jon-nyc
Apr 2 2011, 01:26 AM
That's going to upset some conservatives.
What do you mean "we", have you got a mouse in your pocket?
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Larry
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Mmmmmmm, pie!
Jon told me a few weeks ago that there was no inflation, so this entire thread is hereby null and void, since everyone should be able to tell by now that inflation is under control, unemployment is low, and everything is just peachy keen.....


Never mind that the value of your real assets is dropping like a rock, or that the cost of energy is going through the roof, or that the price of goods are about to take a massive jump.. none of these things are important.


:rolleyes:
Of the Pokatwat Tribe

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Larry
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Mmmmmmm, pie!
Quote:
 
That's going to upset some conservatives.



What upsets me is that there are people who actually believe that....
Of the Pokatwat Tribe

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Jolly
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Geaux Tigers!
jon-nyc
Apr 2 2011, 01:26 AM
Not sure I believe the government's numbers.

How many folks have been unemployed so long they've quit looking for work? How many people are underemployed?

And as for inflation...the CEO of WalMart said just this week it's coming and coming fast.
The main obstacle to a stable and just world order is the United States.- George Soros
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Luke's Dad
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Emperor Pengin
So where are we on the chart again?

Posted Image

Oh.
The problem with having an open mind is that people keep trying to put things in it.
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George K
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Finally
Luke's Dad
Apr 2 2011, 10:02 AM
So where are we on the chart again?
Posted Image
A guide to GKSR: Click

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Nothing is as effective as homeopathy.

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jon-nyc
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Cheers
Small business adding jobs too.
In my defense, I was left unsupervised.
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Larry
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Mmmmmmm, pie!
Berkline, a major furniture manufacturer, in business for decades - shut its doors last Monday, leaving 600 people in my area alone out of work.

Of the Pokatwat Tribe

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John D'Oh
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MAMIL
I've never been so busy in my entire life, and a couple of our largest customers have said the same thing.
What do you mean "we", have you got a mouse in your pocket?
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jon-nyc
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Unemployment falls in 3/4 of American cities.

http://finance.yahoo.com/news/Unemployment-falls-in-apf-1180205346.html?x=0&sec=topStories&pos=main&asset=&ccode=
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Frank_W
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Damn... This is almost deja-vu of the Carter years.
Anatomy Prof: "The human body has about 20 sq. meters of skin."
Me: "Man, that's a lot of lampshades!"
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jon-nyc
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Back then unemployment was growing and inflation was high. Now its falling and inflation is very low.
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