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| Name: |
MartiniMan
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| Subject: |
MORE NEWS TOO GOOD FOR GF
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Date:
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6/7/2013 9:21:27 AM
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May unemployment up to 7.6% and ironically this is actually good news for you GF. What it means is that more people are actually looking for a job which is indeed a hopeful sign. The economy only created 175,000 new jobs which just keeps up with population growth and the average over the past three months is only 155,000 which is below population growth.
Most we can say is the recovery is still ridiculously pathetic but my hope is that as SOTUS has become the lamest of all lame ducks and now has to deal with five significant scandals we can actually make some progress. 2014 mid terms will be the key. If the GOP holds the House and makes gains in the Senate then all will begin to improve rapidly as Michelle will be busy looking for her bachelorette pad and boarding school for the girls and SOTUS will be picking out his wing in Jay Z's mansion.
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| Name: |
GoneFishin
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| Subject: |
MORE NEWS TOO GOOD FOR GF
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6/7/2013 10:33:06 AM
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I agree it's looking good.
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| Name: |
MartiniMan
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| Subject: |
MORE NEWS TOO GOOD FOR GF
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6/7/2013 10:38:43 AM
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Not good but this is a glimmer of hope. Sad that we had to waste four years and its likewise sad that the next three will be less than they could be if we didn't have such a scandalous, incompetent SOTUS.
Of course what I find so ironic is that with SOTUS going lame duck, all the scandals, the sequester, etc. that we are beginning to see glimmers of good economic news. It works every time although I do fear what Obamacare will do to the economy when it is fully implemented. Interesting that so many now say they cannot afford the insurance and are just going to pay the fine. Yet another tax and no fix to our healthcare problems.......totally called that one.
The results are still pathetic because everything was essentially unchanged from April but my hope is that as we send SOTUS to the trash bin of history we can begin to make some real progress.
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| Name: |
GoneFishin
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| Subject: |
MORE GOOD NEWS FROM GF
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6/7/2013 1:48:29 PM
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Obama leads the way....................
Wall Street reacted positively Friday to the release of better-than-expected May jobs numbers, with the major U.S. stock indexes posting sharp gains. The Dow Jones industrial average surged as much as 208 points in morning trading and was up 170 points, or 1.1% at midday. The Dow rose 80.03 points on Thursday to close at 15,040.62. The Standard & Poor's 500 stock index was up 1%, and the Nasdaq composite index was up 1.0%.
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| Name: |
MartiniMan
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| Subject: |
Uh, not exactly.........
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6/7/2013 2:37:59 PM
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You do realize why Wall Street is reacting this way, right? You do understand it is not exactly a good thing, right? Of course you don't but then again most liberals really don't care about what happens to the lower middle class, working poor and unemployed that don't benefit from the stock market.
So let me educate you because you are economically illiterate. WIth the less than stellar job numbers......you do realize that they are pathetic for a so-called recovery, right? Of course you don't.... the reason Wall Street likes these numbers is that they know the Fed will continue to buy bonds and artificially keep interest rates low and pump dollars into the system. The problem of course with this is two fold. First of all, if the economy shows a sign of actually improving the Fed will slow down and there will be a correction in the stock market. Counterintuitive to the economically illiterate but it just be's that way with artificial bubbles. Second of all, and obviously related, is the specter of inflation as a result of the trillions of dollars the Fed has pumped into our system. That too will cause a spike in interest rates as the Fed combats inflation and hence another reason for a correction.
The best way for the stock market to have recovered its losses would have been through robust economic growth but that is not going to happen as long as we have SOTUS/TOTUS in the White House, Obamacare on the horizon and Dems in charge of the Senate. This is an artificial bubble and like they found out in most of Europe unless you carefully manage the transition off the Fed's pumping it will not be pretty. Just ask Japan and their lost decade.
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| Name: |
MrHodja
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| Subject: |
MORE NEWS TOO GOOD FOR GF
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6/7/2013 3:11:49 PM
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I too am concerned about the artificial sense of euphoria with the stock market. I am not a whiz-bang economist (Economics was the only course in my MS curriculum where I scored less than an "A"), but it doesn't take a mental giant to realize that the Market is up because of all the money the Fed is printing. Sooner or later there is simply going to be too much "fre" money in the economy and hyper inflation will set in, and those who planned on that $100-150K per year retirement income will find that they will finish out their life as paupers. Not a pretty picture.
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| Name: |
MartiniMan
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| Subject: |
MORE NEWS TOO GOOD FOR GF
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6/7/2013 4:52:10 PM
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Yep. And what is interesting is that the institutional investors with ties to DC and the Fed will bail out early and take their profits and the rest of us suckers will be left holding the half empty bag. We saw exactly the same kind of bubble when Fannie, Freddie and CRA created a housing bubble by distorting the markets. The same is happening with the Fed and unless the economy turns around in a big way there is no way the market would be able to absorb the Fed tightening the money supply over a relatively short timeframe.
Of course what could save the markets and our retirement would be to allow younger investors to opt out of social security in lieu of personal retirement investment accounts. Would add trillions to the markets while eliminating trillions in future liabilities of the federal government. But we saw what Dems did to Paul Ryan when he proposed something that would save social security. It was a chance to scare seniors and since they are all about power that is where they reflexively went. Sadly it seems to work every time.......
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