Hey, according to the Fed numbers the economy is taking off!

[Neubarth]

Oct 1 8:30 AM Personal Income Aug +0.2%
Oct 1 8:30 AM Personal Spending Aug +1.3%
Oct 1 8:30 AM Continuing Claims 09/19 6090K Down 120,000 from April.

Damn, we gotta start celebrating! Yahooooooo!

Celebrate for about a month if you feel led to do so. Then face reality ....................

As I have been saying, do not trust the government manipulated numbers.

 

[rdean]

Actually, the real economic news comes from Manufacturing:

Eurozone Jobless Hits New 10-Year High

Eurozone Jobless Hits New 10-Year High

IMF: U.S. Economy To Grow By Year End

IMF: U.S. Economy To Grow By Year End

Report: U.S. Manufacturing

Report: U.S. Manufacturing Still Weak But Growing

 

[Neubarth]

Actually, the real economic news comes from Manufacturing:

Eurozone Jobless Hits New 10-Year High

Eurozone Jobless Hits New 10-Year High

IMF: U.S. Economy To Grow By Year End

IMF: U.S. Economy To Grow By Year End

Report: U.S. Manufacturing

Report: U.S. Manufacturing Still Weak But Growing

VERY VIABLE INFORMATION THERE, RDEAN.

Added to the tremendous increase in spending and personal income and the falloff of all those nare-do-wells who are out of employment, the US is rolling......

 

[JakeStarkey]

To all lurkers and new readers ~ have fun and look up Neubarth's claims.

 

[Neubarth]

To all lurkers and new readers ~ have fun and look up Neubarth's claims.

Indeed! Look them up. I am never wrong unless it is in predicting the outcome of football games. I was wrong once doing that. The QB did not play as well as I expected.

When it comes to showing how the government manipulates the numbers to fool people into investing their life savings into the stock market when the market is not a sound investment, I feel a need to expose the chicanery. Having done so, I hope most of the people on the board have not been long the market in the past two weeks. I have made plenty of money lately by shorting the market. Hopefully others have, too.