More economic GOOD news?

[Yurt]

Disappointing jobs report sends stocks tumbling

NEW YORK (AP) -- Stocks tumbled Friday after the Labor Department said hiring remains weak and Hungary became the latest European country to report its economy is in crisis. Interest rates dropped as investors moved money into the safety of Treasury bonds and notes.

The Dow Jones industrial average dropped 323 points, its third worst slide of the year. The index closed below 10,000 for the second time in two weeks. All the major indexes were down more than 3 percent. The concerns about Hungary pounded the euro to a four-year low.

The drop pushed major stock indexes back into "correction" mode, meaning a decline of at least 10 percent from recent highs.

Disappointing jobs report sends stocks tumbling - Yahoo! Finance

you certaintly won't see leftwingers like the so called "rightwinger" posting honest economic news....

i hope it picks up though and that this is not a sign of things to come

 

[driveby]

omgrightwingerjustjumpedoffabridge.........

 

[mascale]

There are separate reports of new listings for new jobs on the increase across all U. S. employment sectors. That means that there are no new consequent payrolls yet, from the jobs being newly listed last month.

Widely unreported is how Obama-Biden have been able to increase the value of the dollar! Socialists, not Conservatives, make sense.

Even more compelling(?): In the last Census, of 2000, the May increase of Census Workers couldn't keep pace with the loss of jobs:

"THE EMPLOYMENT SITUATION: MAY 2000"


"Boosted by the hiring of 357,000 temporary workers to assist with Census
2000, total nonfarm payroll employment grew by 231,000 in May, the Bureau
of Labor Statistics of the U.S. Department of Labor reported today.
Private-sector payroll employment declined by 116,000 over the month, and
the unemployment rate edged back up to its March level of 4.1 percent.
Average hourly earnings increased by 1 cent over the month and by 3.5 percent
over the year."

That is not a report of the Obama Administration Census.

Back to the above that, the odds of any speculative investor keeping money in the stock market over this particular weekend was probably fairly low to begin with. The Euro value continues to tank. The nation-state of Hungary: Apparently fired all of is bookkeepers, a long time ago, too.

On the other hand the absurdity of investors not getting into U. S. dollar-valued stocks at this time would tend to make a stock market rise far more likely, than remote. Turkey hates Israel, except when it comes to weapons sales. Iran hates the United States, except when it comes to the value of the dollar. The Euro is no longer the currency of choice: And clearly in an Obama Administration!

World Peace is. . . .well. . . .Nowhere in sight, even at the Nobel Acceptance Speeches.

"Crow, James Crow: Shaken, Not Stirred!"
(The eternal earthly property right to even a pittance: Continues even now in Afghanistan, and in Northern Pakistan. There are clearly some things just have to be fought over! The Supreme Court, even knows this. The Harvard Law School nominee to the Supreme Court clearly knows this! The most basic civil right in the law is to a pittance!

 

[Avatar4321]

Sad to hear that the economy isn't growing. Not surprising, but sad nonetheless.

We need to fix the actual problem instead of just throwing money around.

 

[Yurt]

lol...where is rightwinger?

 

[ABikerSailor]

Sad to hear that the economy isn't growing. Not surprising, but sad nonetheless.

We need to fix the actual problem instead of just throwing money around.

Yeah......too bad a corporation couldn't just fix things and make everyone rich......

Oh wait.......BP tried that by drenching our shores with oil. Wanna know why the jobs reports suck this month? Because the oil has been filling the Gulf and people's jobs are flying out the window.

Yeah.........tell me again why the economy isn't growing. Corporations keep fucking it up. Started with Freddie and Fannie, then Halliburton, and now BP.

Want to know why the economy is fucked? Greedy CEO's don't give a shit.

 

[Yurt]

where are all the liberals who drool over rightwingers phony economic threads?

 

[Sinatra]

Poor rightwinger.

The guy is so wrong so often about so many things, one must hope he is doing it on purpose...

 

[Yurt]

Poor rightwinger.

The guy is so wrong so often about so many things, one must hope he is doing it on purpose...

nah....he believes his drivel...its why he is avoiding this thread like the plague...and there is no way he missed it....i titled almost identical to his usually hack economic news threads

most extreme hacks are cowards and can't face evidence that doesn't support their world view, i thought he wasn't one of those, just a regular hack....but his avoidence of this thread....

 

[Sinatra]

Poor rightwinger.

The guy is so wrong so often about so many things, one must hope he is doing it on purpose...

nah....he believes his drivel...its why he is avoiding this thread like the plague...and there is no way he missed it....i titled almost identical to his usually hack economic news threads

most extreme hacks are cowards and can't face evidence that doesn't support their world view, i thought he wasn't one of those, just a regular hack....but his avoidence of this thread....

I do believe you are twisting the knife just a bit here.

Carry on...

 

[Avatar4321]

Yeah......too bad a corporation couldn't just fix things and make everyone rich......

Oh wait.......BP tried that by drenching our shores with oil. Wanna know why the jobs reports suck this month? Because the oil has been filling the Gulf and people's jobs are flying out the window.

Yeah.........tell me again why the economy isn't growing. Corporations keep fucking it up. Started with Freddie and Fannie, then Halliburton, and now BP.

Want to know why the economy is fucked? Greedy CEO's don't give a shit.

Why on earth should we expect other people to make us rich?

And there is alot more going on than this oil spill. Which wasn't done intentionally btw. I don't see why you keep trying to claim that BP is delibrately trying to dump oil in the Gulf. For what purpose? How do they get money from doing it? Quite the opposite.

People's jobs were flying out the window long before the oil spill. And they are doing so because our society has several fatal flaws we refuse to correct:

1) We blame others for what's going on instead of taking personal responsibility and doing what we can to fix it.
2) We are a dishonest society.
3) We are an arrogant society
4) We have no concept of spending what we actually have, but rather spend money we wont have for 50 years with no plan on how to pay it back.

The idea that we should somehow have a good economy individuals in society refuse to step up and take responsibility for their own lives and actions is ridiculous. Unless we return to good values, our economy will continue to sputter and decline.

 

[Sinatra]

Things are better than last year - but the improvement is both shallow and unstable. Private industry is still very nervous, and government expansion is sucking up so much cash from the private market that job growth will remain anemic. The Obama economy is stagnant - and just a slight push downward will topple it again. I don't wish to see that happen - I don't want America suffering, and hope the economy can recover in spite of the ludicrous policies being enacted by Obama and his fellow far left Democrats.
_______

Excluding 411,000 temporary Census workers, payrolls rose by 20,000 in May. According to the survey of 400,000 business establishments, private-sector payrolls increased by 41,000, the fifth straight monthly gain.

"A disappointing private payroll number to be sure," said John Ryding and Conrad DeQuadros of RDQ Economics.

The decline wasn't particularly good news, however, because it reflected 322,000 people dropping out of the labor force, partially reversing April's 805,000 increase. While unemployment dropped by 287,000 to 15 million for May, employment also fell, dipping 35,000 to 139.4 million.

Hiring weak in May except for Census workers Economic Report - MarketWatch

 

[Dr.House]

Sad to hear that the economy isn't growing. Not surprising, but sad nonetheless.

We need to fix the actual problem instead of just throwing money around.

Yeah......too bad a corporation couldn't just fix things and make everyone rich......

Oh wait.......BP tried that by drenching our shores with oil. Wanna know why the jobs reports suck this month? Because the oil has been filling the Gulf and people's jobs are flying out the window.

Yeah.........tell me again why the economy isn't growing. Corporations keep fucking it up. Started with Freddie and Fannie, then Halliburton, and now BP.

Want to know why the economy is fucked? Greedy CEO's don't give a shit.

And yet you support the growth of the biggest and greediest corporation known to man...

Government...

 

[Avatar4321]

Things are better than last year - but the improvement is both shallow and unstable. Private industry is still very nervous, and government expansion is sucking up so much cash from the private market that job growth will remain anemic. The Obama economy is stagnant - and just a slight push downward will topple it again. I don't wish to see that happen - I don't want America suffering, and hope the economy can recover in spite of the ludicrous policies being enacted by Obama and his fellow far left Democrats.
_______

Excluding 411,000 temporary Census workers, payrolls rose by 20,000 in May. According to the survey of 400,000 business establishments, private-sector payrolls increased by 41,000, the fifth straight monthly gain.

"A disappointing private payroll number to be sure," said John Ryding and Conrad DeQuadros of RDQ Economics.

The decline wasn't particularly good news, however, because it reflected 322,000 people dropping out of the labor force, partially reversing April's 805,000 increase. While unemployment dropped by 287,000 to 15 million for May, employment also fell, dipping 35,000 to 139.4 million.

Hiring weak in May except for Census workers Economic Report - MarketWatch

Things are going to look better this year than they actually are because businesses have incentive to take profits and be taxed on them this year before the rates jump up in January. Next year, however, is going to be very painful if things don't change before then.

 

[WillowTree]

lol...where is rightwinger?

On the Tallahatchee bridge!




[ame]http://www.youtube.com/watch?v=rDHpkYI5_FY[/ame]

 

[mascale]

BP has made tens of thousands of settlements, which are not likely counted as payroll. The sronger dollar is usually regarded a win for the incumbent administration.

What BP knows is that the law does allow the Civil Right to the Pittance, for which a Theologian got a Nobel Prize, and a place in the federal birthday calendar.

The Early Edition editors do report the story of Matthew 20::1-16, which describes a daily denarius, regardless of when the workers were hired. That was a subsistance wage, and even others possibly coming in from another job got the same daily cost-of-living amount. Catholics would go on to the embrace the concept of the "Our Father's" recitations, and pray for daily bread.

In the German Third Republic, millions were first, and then were last: With a morning scrap of bread and beverage, and then again the same at night. That was a camp food, usual regimen diet. It apparently worked.

There has been a basic concept of a Civil Right to a pittance, likely in history at all times.

In the 1986 Tax Reform, the liberals tried a first national COLA with the raised and indexed standard deduction, and personal exemptions--getting people thrown off the tax rolls so they get no further raise. Any other pittance was still allowed. That was generally thought better than the Third Reich concept of the last being first, and the first beling last: At the famous kingdom of the heavens. Everything at the pittance level is usually though equal, under the law.

The Supreme Court is for that. The Supreme Court nominee is for that. Ivy League School is for that.

In Schedule M, the second attempt at the national COL:A is the equal amount refundable tax credit, payable to all filers up to a wealth-level income. That is regardless of amount. Presumably filers have at least some level of Minimum Wage pittance, and so additional is added to that, like a COLA.

BP oil settlements are probably income, if not payrolls. The refundable credit can be added to that.

That would be about $5,800.00 per household, if the reports of the $5,000.00 BP settlements are so.

There is likely a Civil Right to that income, for the entire year yet to come.

"Crow, James Crow: Shaken, Not Stirref!"
(Squaw in Garden Have Civil Right To Pittance, from the garden, in solidarity with the pittance peoople everywhere!)

 

[Sinatra]

Things are better than last year - but the improvement is both shallow and unstable. Private industry is still very nervous, and government expansion is sucking up so much cash from the private market that job growth will remain anemic. The Obama economy is stagnant - and just a slight push downward will topple it again. I don't wish to see that happen - I don't want America suffering, and hope the economy can recover in spite of the ludicrous policies being enacted by Obama and his fellow far left Democrats.
_______

Excluding 411,000 temporary Census workers, payrolls rose by 20,000 in May. According to the survey of 400,000 business establishments, private-sector payrolls increased by 41,000, the fifth straight monthly gain.

"A disappointing private payroll number to be sure," said John Ryding and Conrad DeQuadros of RDQ Economics.

The decline wasn't particularly good news, however, because it reflected 322,000 people dropping out of the labor force, partially reversing April's 805,000 increase. While unemployment dropped by 287,000 to 15 million for May, employment also fell, dipping 35,000 to 139.4 million.

Hiring weak in May except for Census workers Economic Report - MarketWatch

Things are going to look better this year than they actually are because businesses have incentive to take profits and be taxed on them this year before the rates jump up in January. Next year, however, is going to be very painful if things don't change before then.

____

Excellent point - did you know the Congress is now attempting to raise the taxable income rate on S-Corps? And only those smaller S-Corps at that - the larger ones are exempt. So these Democrats are in fact engaging in yet another example of increasing taxes on people making less than $250k.

So, these same S-Corps are now going to push income into this year to try and offset the hit they will take next year.

November 2010 folks - we need to hit that reset button.
______

 

[oreo]

omgrightwingerjustjumpedoffabridge.........

Good one--I doubt Rightwinger has responded to this one-- Here we are in JUNE--typically the biggest month of the year--regarding employment numbers and it dropped dramatically from April--stock market figured it out.

HELLO:

Massive government spending does not equate to private sector job growth.

When will you "hopies and changies ever figure than one out?"--

Obama's flood the basement economics has only driven us farther in debt.

Trickle down economics--used first by JFK works and has always worked to stimulate an economy.

 

[Sinatra]

omgrightwingerjustjumpedoffabridge.........

Good one--I doubt Rightwinger has responded to this one-- Here we are in JUNE--typically the biggest month of the year--regarding employment numbers and it dropped dramatically from April--stock market figured it out.

HELLO:

Massive government spending does not equate to private sector job growth.

When will you "hopies and changies ever figure than one out?"--

Obama's flood the basement economics has only driven us farther in debt.

Supply-Side economics--used first by JFK works and has always worked to stimulate an economy.

____

I prefer that term...

 

[txlonghorn]

Sad to hear that the economy isn't growing. Not surprising, but sad nonetheless.

We need to fix the actual problem instead of just throwing money around.

Yeah......too bad a corporation couldn't just fix things and make everyone rich......

Oh wait.......BP tried that by drenching our shores with oil. Wanna know why the jobs reports suck this month? Because the oil has been filling the Gulf and people's jobs are flying out the window.

Yeah.........tell me again why the economy isn't growing. Corporations keep fucking it up. Started with Freddie and Fannie, then Halliburton, and now BP.

Want to know why the economy is fucked? Greedy CEO's don't give a shit.

Insert picture of whatever pops into your head that best describes an idiot here.....

It's always some NEW crisis that the left gets to blame the unemployment numbers on. A few months ago is was all the snow...then a month later is was all the flooding from the melting snow...now it's BP's fault! It's amazing!