Mixed economic news

#1
lawgator1

lawgator1

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#1
New claims for unemployment fell to their lowest level in two years and continued a month's long trend that has economists revising jobs reports. On the other hand, sales of new homes fell 8 %.


Looks like this is going to be the kind of recovery we have for some time, very uneven.
 
#2
#2
see what happens if/when they keep the tax cuts. you'll see hiring start back much faster.

why would an owner want to hire someone if they have no idea how much they're going to be taxes. i wouldn't hire anyone either until i found out what my tax rate will be.
 
#3
#3
joevol320 said:
see what happens if/when they keep the tax cuts. you'll see hiring start back much faster.

why would an owner want to hire someone if they have no idea how much they're going to be taxes. i wouldn't hire anyone either until i found out what my tax rate will be.
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While I agree that in principle lower taxes can have the effect of freeing up money to hire people, it is also a fact that in the last year corporate profits have hit new highs and they are not hiring people back. You simply cannot assume that the renewal of the Bush tax cuts will increase/save any jobs.

I think we have to come to grips with the fact that a lot of people who lost jobs in the prior economy are not going to get rehired to do the same thing, or at the same wages. A perverse effect of all of this is that the aging population is not going to find the door opened again when so many younger workers are ready and willing to work longer hours for so much less.

The better approach, in the short-term, is to increase the availability of capital and demand for goods and services.

Notice I said short-term.
 
#4
#4
Growth projections were also revised downward into the low 2%'s.

The jobs numbers likely have a seasonal hiring effect. January is going to be tough
 
#6
#6
BeecherVol said:
A lot of that is going on.
Click to expand...

Happens a lot with freight and shipping companies.

Due to increasing package shipment of orders by stores getting ready for Christmas, and the need to deliver more orders to homes in December, companies like UPS, FedEx and others increase the work force in November, and release seasonals in Jan.
Posted via VolNation Mobile
 
#7
#7
volinbham said:
Growth projections were also revised downward into the low 2%'s.

The jobs numbers likely have a seasonal hiring effect. January is going to be tough
Click to expand...

BeecherVol said:
A lot of that is going on.
Click to expand...

fl0at said:
Happens a lot with freight and shipping companies.

Due to increasing package shipment of orders by stores getting ready for Christmas, and the need to deliver more orders to homes in December, companies like UPS, FedEx and others increase the work force in November, and release seasonals in Jan.
Posted via VolNation Mobile
Click to expand...


How do you explain the fact that its a trend, for some time now? I suppose the depth of the drop might in part be explained by seasonal hiring, but it would appear it would have dropped, anyway.

Is there some reason I'm missing as to why Republicans keep sounding a pessimistic note even in the face of neutral, if not positive, news for the economy? Some agenda, perhaps, in perpetuating the negativity?

Anyone? Bueller?
 
#9
#9
lawgator1 said:
How do you explain the fact that its a trend, for some time now? I suppose the depth of the drop might in part be explained by seasonal hiring, but it would appear it would have dropped, anyway.

Is there some reason I'm missing as to why Republicans keep sounding a pessimistic note even in the face of neutral, if not positive, news for the economy? Some agenda, perhaps, in perpetuating the negativity?

Anyone? Bueller?
Click to expand...

I think you are seeing more of a trend than actually appears. Last week's numbers were revised up. An upward revision has happened several times throughout this "trend" you keep talking about. Is there some reason you keep sounding optimistic - some agenda?

Bottomline, job growth is anemic and less than necessary to make any dent in unemployment. Check out the durable goods orders - way down; not good news for manufacturing.

I would love to see things improve but the results you presented are neutral at best. They do not indicate any significant recovery. To suggest they do belies an agenda.
 
#10
#10
Fed slashes growth forecast through 2011 - Business - Stocks & economy - msnbc.com

The economy will grow only 2.4 percent to 2.5 percent this year, Fed officials said Tuesday in an updated forecast. That's down sharply from a previous projection of 3 percent to 3.5 percent. Next year, the economy will expand by 3 percent to 3.6 percent, the Fed said, also much lower than its June forecast.
Fed officials project that unemployment won't change much this year, averaging between 9.5 percent and 9.7 percent. The current unemployment rate is 9.6 percent. Progress in reducing unemployment has been "disappointingly slow," the central bank said, according to the minutes of its Nov. 2-3 meeting.
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we are treading water with massive infusions of cash from the Fed.
 
#12
#12
lawgator1 said:
And without them ? .......
Posted via VolNation Mobile
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probably a bit worse. I would say the impact on the market has been greater from QE2 than on the economy. If it takes QE2 to get to 2.5% growth it's hard to say the economy is doing well.
 
#13
#13
Obama has added 400,000 government workers
while the private sector has lost 2,500,000.

4997887506_106abfc895_b.jpg


And just in case there is anyone who still doesn't
understand, your children will be paying back the
fed for all this free money, plus interest.
 
#14
#14
I have to agree with vol in birm. I think this is mainly due to the season. January is going to be rough.
 
#16
#16
lawgator1 said:
How do you explain the fact that its a trend, for some time now? I suppose the depth of the drop might in part be explained by seasonal hiring, but it would appear it would have dropped, anyway.

Is there some reason I'm missing as to why Republicans keep sounding a pessimistic note even in the face of neutral, if not positive, news for the economy? Some agenda, perhaps, in perpetuating the negativity?

Anyone? Bueller?
Click to expand...


The right wing, TPers, Republicans......blah, blah, blah.

Is it possible that the left has blown up all of this "recovery" news to fit their agenda?
 
#18
#18
BeecherVol said:
The right wing, TPers, Republicans......blah, blah, blah.

Is it possible that the left has blown up all of this "recovery" news to fit their agenda?
Click to expand...


I have seen no more than one or two people arguing that the economy is in some sort of rapid or full blown recovery. The objective people are noting that the recession has ended and that we are going to have a slower than usual recovery, given the depth of the problems as we came out of 2008. In fact, I believe that this is what most economists have been saying for the last few years.

There are, and will for some time continue to be, significant transformational reverberations from the economic collapse that, let us not forget, almost crushed the country, if not the world.
 
#19
#19
rmsmith said:
Maybe things would go back to the way they were under Clinton. Darn that would really suck since it was the most prosperous time in American history.
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Clinton can run intellectual circles around Obama. He was also pragmatic enough to realize that the mid-term election of 1994 was a repudiation of his big-government tendencies. It's no secret that the economic boom enjoyed by Clinton didn't start until after he moved to the center.

Obama simply isn't that smart.
 
#20
#20
lawgator1 said:
I have seen no more than one or two people arguing that the economy is in some sort of rapid or full blown recovery. The objective people are noting that the recession has ended and that we are going to have a slower than usual recovery, given the depth of the problems as we came out of 2008. In fact, I believe that this is what most economists have been saying for the last few years.

There are, and will for some time continue to be, significant transformational reverberations from the economic collapse that, let us not forget, almost crushed the country, if not the world.
Click to expand...

Blown up may not be the best wording.

Let me rephrase.

Is it possible that the left is making things look better than they are while the right is doing the opposite?

Basically, what your gripping about from the right, is being duplicated on the left. Politics?

Obama lost the house, and senate seats because the "bad" has been shifted to his plate. I see that as a better gauge of what is going on, outside of the political agendas.
 
#21
#21
MG1968 said:
Clinton can run intellectual circles around Obama. He was also pragmatic enough to realize that the mid-term election of 1994 was a repudiation of his big-government tendencies. It's no secret that the economic boom enjoyed by Clinton didn't start until after he moved to the center.

Obama simply isn't that smart.
Click to expand...

this is true. I do wish Obama would come back toward center at least a little more.
 
#24
#24
rmsmith said:
That woman is insane. Such a polarizing figure and they made her minority leader?
Click to expand...

My favorite line from that article:
Pelosi will lead Democrats "in pulling on the president's shirttails to make sure that he doesn't move from center-right to far-right," said Rep. Lynn Woolsey, D-Calif
Click to expand...

Since she isn't quoted, I'm not sure if this is a slam job by dissenters or not. But, based on her body of work, I wouldn't put it past her to not only believe everything in that article, but also support it.

She is just bat**** crazy.
 
#25
#25
"We can't drive our SUVs and eat as much as we
want and keep our homes on 72 degrees at all times ...
and then just expect that other countries are going
to say OK, that's not leadership, that's not going to
happen."

Barack Hussein Obama - May, 2008.

carforceone.jpg


Barack Obama, leading the US to third world
status in just one generation, thanks guy!!

:salute:

castrangel.jpg








33augpw.jpg
 
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