Bloombergs says no slow down for US

Discussion in 'Economy' started by Truthmatters, May 8, 2012.

  1. Truthmatters
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    No Repeating Slowdown Seen by U.S. With Banks to Housing - Bloomberg


    The smallest gain in U.S. payrolls in six months need not presage the kind of slowdown that bedeviled the world’s largest economy for the past two years.

    Rising auto sales, improving bank credit and stabilization of housing are among the signs the economy is more resilient now than it was around the same time in 2010 and 2011, according to Marisa Di Natale, an economist at Moody’s Analytics in West Chester, Pennsylvania.

    .
    “From where we sit right now, we think the economy looks fundamentally stronger,” Di Natale said. “Surveys of business and consumer confidence are better, the labor market data looks a lot better than it did last year, even some of the housing data looks better.”

    Stocks and bond yields fell on May 4 after a report showing payrolls climbed 115,000 in April, less than the 160,000 median forecast in a Bloomberg News survey of 85 economists. The slowdown followed data showing the pace of economic expansion cooled in the first quarter, prompting concerns that another pickup in growth may again be sputtering.
     
    Last edited: May 8, 2012
  2. Stephanie
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    Stephanie Diamond Member Supporting Member

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    FUNNY, I ain't feeling it

    but hey if Bloomy said so:rolleyes:
     
  3. Truthmatters
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    You are not the economy are you?


    Now are you jealous that other people are doing better?
     
  4. Truthmatters
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    I know it pains you to see Americans doing better at the cost of your partys bullshit lies
     
  5. Stephanie
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    Stephanie Diamond Member Supporting Member

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    what cracks me up is you taking a Republicans word on things..funny that when it FITS what you want to hear..
     
  6. Truthmatters
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    what republican is that?
     
  7. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    I wouldn't exactly call Bloomberg a "Republican" in the strictest sense but I see what you mean.

    Business people like him would have been ripped to shreds if McCain were the President.
     
  8. Truthmatters
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    see how they try to trash any good news on the economy
     
  9. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    So what's the good news? The economy has to expand at a 6-8% clip just to pay for ObamaCare. It's currently at 2.2%.

    Through "Free Trade" agreements we've shipped 80% of our manufacturing base overseas and now it looks like we're paying GM to move over seas too.

    Tell us TM, what sector of the US economy is gonna' drive growth at a 6-8% clip? The Fast Food Industry?
     
  10. ThinkCritically
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    ThinkCritically Open to opinion

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    We aren't going to see 6-8% growth again in our life times. I guess everything seems like an improvement (2.2%) compared to 08', but the horizon sure is filled with some thunderclouds (debt crisis). At this point people are saying that the labor numbers are improving because people have stopped looking for jobs. What a joke...
     

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