Off-Topic: Litany of economic news
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Name:   MartiniMan The author of this post is registered as a member - Email Member
Subject:   Litany of economic news
Date:   4/26/2012 12:16:42 PM

Here is a short list of bad economic news.

- Jobless claims are back to rising instead of continuing to drop per expectations

- Private employers only added 120K jobs which is the lowest since October of last year

- Recent FoxNews poll - 83% said we are still in a recession but at least 45% say they are optimistic the economy will begin to improve.

- Recent gains in consumer confidence seems to be eroding or not improving (down in March, flat in April)

- Unemployment remains over 10% regardless of the nonsense being issued by the BLS

- Europe appears to be heading to a double dip recession

- GDP growth projections are being lowered and are very anemic

Here is a short list of positive economic news.

- Mortgage interest remain low and the Fed seems committed to keeping them there

- Stocks seem to be holding their own but are still very volatile

- Corporate earnings are pretty good based mostly on increased productivity and CEO confidence is on the uptick

I looked long and hard for more positive economic news and had a hard time coming up with more. All in all a bleak outlook which I share.
Other messages in this thread:View Entire Thread
Litany of economic news - MartiniMan - 4/26/2012 12:16:42 PM
     GDP revised down to 2.2% - MartiniMan - 4/27/2012 9:12:30 AM
     1M more loans underwater - MartiniMan - 4/27/2012 9:19:38 AM
     Litany of economic news - comrade - 4/27/2012 9:27:57 AM
          Don't hold your breath - MartiniMan - 4/27/2012 11:32:22 AM
     Home ownership drops to 62% - MartiniMan - 4/27/2012 11:19:03 AM
          Home ownership drops to 62% - water_watcher - 4/27/2012 11:41:23 AM
               Home ownership drops to 62% - GoneFishin - 4/27/2012 4:13:06 PM
                    1M more loans underwater - GoneFishin - 4/27/2012 4:27:45 PM
                         Actually not on target but my fault - MartiniMan - 4/27/2012 5:03:45 PM
                         GF... - comrade - 4/27/2012 8:14:22 PM
                    You misunderstand and are a bit defensive - MartiniMan - 4/27/2012 5:01:53 PM
                         You misunderstand and are a bit defensive - GoneFishin - 4/27/2012 11:37:25 PM
                              You misunderstand and are a bit defensive - comrade - 4/28/2012 12:15:00 AM
                              If only it were true - MartiniMan - 4/28/2012 8:57:26 AM


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