Eye'm the cutest!
None of the economic indicators for nearly 3 weeks has shown we're in a robust recovery. The indicators barely even indicate we're in recovery at all.
Last month's hiring was 1/3 that of expectations and the manufacturing index fell to just about even (as in barely expanding at all).
It Gets Worse when you realize the government has been proving itself inept at economics for several years straight. (One of which was a news report today that says the auto bailout alone was a 14 billion dollar net loss for taxpayers.)
"Allah may guide their bullets, but Jesus helps those who aim down the sights."
That's odd. It was net gain in Canada.
Oh well, I don't think they should so doom and gloom about it. Everything is weak yes, but we have to take into account that we've had years and years of a bubble of money that *never existed*. Trillions in money fabricated out of the derivative securities market with CD Os and CD Ss.
Plus, why do we continue to trust Goldman Sachs? They're the master minds behind the whole disaster in the first place. Those assholes just downgrade ratings on stocks and short them to make money and it's all legal.
OMG NO NOSECONES
I had heard about the manufacturing index being barely treading water today, too. Didn't think much of it at the time...
I'm still waiting for home prices here to tank; the time to buy here was a decade ago.
Happiness is zero-gee with a sinus cold.
Well you know my main concern is investment in the United States. American corporations are flooding Canada with money, jobs and buildings and it's great here. But they're choosing not to do so in vast parts of the USA. Like for instance, the bible belt region, is basically a giant write-off to them. They don't care and don't even bother trying to get in that market. Instead they go to Vancouver, Toronto, Montreal, Waterloo and I see major developments in Shanghai, Beijing, Hong Kong and various locations in Taiwan/Korea/Japan. United States just doesn't appear to be attracting business as it used to and I'm not sure what it is. There's just this general (and I think semi-unfounded) feeling that Americans don't have any money to give.
I see the Awesomeness.
I blame the media.
Fight smart, not fair.
^^
Maybe those fuckers would realize that it's because all their workers aren't from America and thus not around to get money to pay for their goods with because they are jobless.
We need some severe outsourcing tariffs.
edited 1st Jun '11 10:21:56 PM by Barkey
The Dow Jones Industrial Average tanked today, losing ~280 points or about two percent. Weak economic data, fears that the economic recovery is losing headway, Moodys downgrading Greece again, yadda yadda. Nice way to start a new month.
Didn't see an economic thread this fit under.
Happiness is zero-gee with a sinus cold.