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meh california is still in
All things in due time. Did you miss the beginning of the conversation, Dan?
meh california is still in
And, fourth quarter unemployment numbers will be the worst in decades.
But, thank God Obama is saving and creating jobs...
Just imagine where unemployment would be without that stimulus:
Oh, that's right, Obama said it would lower than it is now. Things that make you go hmmmm...
And, if he was this far off on predicting unemployment...think about his Health Care figures.
my school would face more cuts and furloughs and layoffs and bigger class sizes higher tuition. oh man i sure hate that stimulus!And, fourth quarter unemployment numbers will be the worst in decades.
But, thank God Obama is saving and creating jobs...
Just imagine where unemployment would be without that stimulus:
Oh, that's right, Obama said it would lower than it is now. Things that make you go hmmmm...
And, if he was this far off on predicting unemployment...think about his Health Care figures.
even though unemployment is stable or better than what was expected, how many of them jobs or ppl in jobs are fkn under-employed? that is not getting their usual hours compared to what they were getting b4 the recession....
It's neither.
A bunch.
Wow...our service-oriented society is succeptable to the effects of tightening credit and less consumer demand - who would have thought?
The Final Demise of A Speculative Housing Bubble (September 16, 2009)
LinkThe speculative mania in housing has been extended by massive Federal Reserve and government intervention; the government now owns or guarantees 2/3 of U.S. mortgages.
While speculative bubbles may pop in terms of sales and valuations, the psychology that underpinned the mania lives on for some time--especially if government extends the speculation with massive interventions.
I sincerely doubt the average American understands the full measure of Federal intervention to prop up the U.S. housing market. The numbers casually dropped (with little context, of course--this is pure MSM "coverage," after all) in the Wall Street Journal report No Easy Exit for Government as Housing Market's Savior (WSJ.com) are truly mind-boggling:
To keep funds flowing to the housing market, the government bailed out Fannie Mae and Freddie Mac last year and now effectively owns the mortgage finance giants and their combined $5.4 trillion in loan portfolios. To keep mortgage rates low, the Federal Reserve is on track to purchase nearly $1.5 trillion in debt issued or guaranteed by the government's various mortgage arms and another $300 billion in Treasurys, which set the benchmark for home lending.
What the reporters fail to mention is the value of all U.S. mortgages is about $10 trillion-- meaning the U.S. government now guarantees over half of all mortgages just with Fannie and Freddie.
But wait--it gets worse--much worse:
I call bull . It's not over, nor is it near over. Go and look at Japan throughout the 90s and you'll get an idea of what will happen to us if the government continues to act like jackasses. bags associated with the Obama regime are trying to soothe peoples ears/hearts/minds with BS. If you take into account the unemployment rate + under-employed + those not reporting being unemployed (e.g. living off savings) and what you get is 16% ---- http://www.breitbart.com/article.php...show_article=1 ---- I've seen some economists say it's even higher than that, around 18% or 19%. Where are the new industries that will begin to create the new jobs needed in order to get people back to work? Green Jobs? LOL. If Cap & Trade passes this will get worse. Stop listening to the moronic Government mouthpieces. This is far from over.
Do you guys read anything other than thread les before you start typing?
Yoni forgot to include this part of his borrowed blog.. you righties have zero intellectual integrity.. so the economy is getting better yet jobs lag. I wonder if Yoni realizes that..The unemployment rate went up to 9.7%, reversing the improvement we saw in July. To be fair, “unemployment” is somewhat difficult to measure. For one thing, the way the unemployment rate is calculated doesn’t take into account the people who are no longer looking for work. (You know, the “discouraged workers” we heard about endlessly during the Bush years.) So you could see the economy improve but the unemployment rate actually go up, because more people start looking for work.
If the economy is getting better, why does the Fed plan to continue QE for the foreseeable future?
If people are still losing jobs and will for the next year or two, AND the anticipated recovery will not keep pace with new entrants to the workforce, what sense does it make to stress the technical recovery?
because inflation never occurs until the last person in line gets the dollar.
on the other hand inflation is awesome if you're the first person who gets the money.
on a completely unrelated note how are those banks doing right now?
92 banks have failed this year, and a wave of defaults in prime, jumbo and commercial real estate is coming. Most of the Alt-A loans written in 2007 will reset next year, and the general rate of defaults shows no sign of abating.
Looks bad for banks.
The bank stocks have done pretty well the last couple of months. But I'm still nowhere near brave enough to stick my toe back in that pool.
Stiglitz: 2012, maybe.
Wouldn't be surprised if he's right. If he is, that could give obama some trouble in 2012.
Do you think he really means 12/21/12 at 11:11 universal time, when the Mayan calender ends?
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