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Old 03-30-2010, 08:18 AM  
BigRedChief BigRedChief is offline
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The "Official" Economy and Jobs thread.

Placeholder thread to have one single place to copy and paste recent released figures/news stories and a place to discuss those facts and derive meaning from said facts.
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Old 03-30-2010, 08:18 AM   #2
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Home prices showing signs of strength: report
Case-Shiller data finds housing prices fell smallest annual amount in 3 years
By Alan Zibel
The Associated Press
updated 8:08 a.m. CT, Tues., March. 30, 2010


NEW YORK - Home prices showed the smallest annual decline in almost three years in January, indicating there are surprising areas of strength in the housing market.

The Standard & Poor's/Case-Shiller 20-city home price index fell just 0.7 percent from last year on a seasonally adjusted basis. The index reading of 146.32 was almost in line with analysts expectations, according to a survey by Thomson Reuters.
Better still, prices rose 0.3 percent from December to January, the eighth consecutive monthly gain. Among the 20 cities in the index, 12 rose.

The index, released Tuesday, is up nearly 4 percent from its bottom in May 2009, but still almost 30 percent below its May 2006 peak.


Copyright 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

URL: http://www.msnbc.msn.com/id/36097084/ns/business-real_estate/
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I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 03-30-2010, 08:22 AM   #3
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I called a bull market the other week. Several of you disagreed with me. I said the SP500 would run to 1200 before making a correction. We may not make it quite that high but we still have a shot. Keep doubting me.....
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Old 03-30-2010, 08:30 AM   #4
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Old 03-30-2010, 03:53 PM   #5
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Positive March jobs numbers to bolster Obama, but horizon looks cloudy


By Ian Swanson - 03/30/10 01:09 PM ET

The economy is expected to have added hundreds of thousands of jobs in March, bolstering the Obama administration’s arguments that the $787 billion stimulus package is having an impact.

Private forecasts on the unemployment report to be released on Friday predict as many as 200,000 jobs will have been created by the economy in March.

Economist Mark Zandi, who advised Sen. John McCain (R-Ariz.) during the 2008 campaign and Democrats during the crafting of the stimulus, projects 175,000 jobs will be added to payrolls this month.

Zandi’s estimate is that 100,000 of those jobs will be created by the Census Bureau, which is hiring hundreds of thousands of workers to go door to door to get people to fill out their censuses.

Another 50,000 jobs are a bounce from February, when Zandi and other economists believe harsh winter storms contributed to lower-than-expected hiring. The economy shed 36,000 jobs in February, according to the Bureau of Labor Statistics.

Either way, the numbers will provide a shot of good economic news for President Barack Obama, who is already enjoying the fruits of Democrats’ healthcare victory.

If the economy does add 175,000 jobs, it would be the most created since March 2007, when the economy added 239,000 jobs.

Democrats nervous about the fall elections want to push the storyline that their efforts with the stimulus helped stave off a new Great Depression. An economy that lost nearly 3.7 million jobs in the months that immediately followed Obama’s election is now moving forward.

The March figures would boost that narrative, since it would be the first time the economy had added a significant number of jobs in three years.
Yet there are some clouds on the horizon.

It’s unclear whether the 9.7 percent unemployment rate will drop at all, even with the positive job numbers. Also, the help from census hiring is a temporary boost at best. Most census workers will only be employed for a matter of months.

There’s also the need to create jobs for those who left the workforce. Millions of workers gave up looking for jobs during the height of the recession. The return of those workers to hiring lines will put pressure on the unemployment rate to rise.

Goldman Sachs on Tuesday projected a small improvement in the labor market. It recorded a drop in the gap between jobs available and jobs that are hard to get.

The gap is the best it has been since August 2008, Goldman said in the report, but is still indicative of a fragile labor market.

Separately, there was more mixed news on the housing front, which continues to struggle.

The Case-Shiller Home Price Index reported that home prices in January rose for the eighth straight month, but a separate index kept by Federal Housing Finance Agency showed prices dropping.

A continued glut of homes that are vacant or for rent suggests prices could fall as much as another 5 percent this year, according to a research note published Tuesday by IHS Global Insight.

Zandi said job growth won’t be strong enough until late in 2010 or early in 2011 to bring down unemployment significantly.

“A lack of credit for small businesses and still weak business confidence will slow the job market recovery,” he said.

Source:
http://thehill.com/news-by-subject/finance-economy/89809-positive-march-jobs-numbers-to-bolster-obama-but-horizon-cloudy
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Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
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Old 03-30-2010, 04:04 PM   #6
Chief Henry Chief Henry is offline
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why change from the other thread
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On January 3rd, 2007 the unemployment rate was 4.60% with a RECORD 52 months of JOBS growth and the GDP was 3.50%. January 3rd, 2007 is also the day Harry Reid and Nancy Pelosi took over the House and the US Senate.
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Old 03-30-2010, 04:05 PM   #7
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4 more banks were taken over by the FDIC last Friday, 7 the week before. A total of 41 so far this year.....140 were taken over last year.
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On January 3rd, 2007 the unemployment rate was 4.60% with a RECORD 52 months of JOBS growth and the GDP was 3.50%. January 3rd, 2007 is also the day Harry Reid and Nancy Pelosi took over the House and the US Senate.
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Old 03-30-2010, 06:36 PM   #8
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why change from the other thread
because some thought it was too positive a thread. Stacking the deck, I guess. They want the country to fail. Or so I hear...
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Quote:
Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
Posts: 42,499
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
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Old 03-31-2010, 08:32 AM   #9
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because some thought it was too positive a thread. Stacking the deck, I guess. They want the country to fail. Or so I hear...
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Old 03-31-2010, 08:53 AM   #10
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U.S. Standard of Living Unsustainable Without Drastic Action, Former Top Govt. Accountant Says
Posted Mar 31, 2010 10:18am EDT by Heesun Wee in Investing, Recession
Related: ^dji, ^gspc, dia, spy, tlt, IXJ, xlv

President Obama might have signed the health-care reform bill into law last week, but the debate rages on. Opponents are gearing up for another attack on the the bill, partly because many of its provisions will be phased in slowly.

But the outrage over health-care really isn't about the actual bill, says our guest David Walker, former U.S. Comptroller General and head of the Government Accountability Office. "It was really more about the fact that government is out of touch and out of control."

Who will bail out America? A longtime budget hawk and currently CEO of the Peter G. Peterson Foundation, Walker says America's growing long-term debt is dangerously close to passing a "tipping point" that could trigger soaring interest rates and a plummeting dollar. In a worst case scenario, that could trigger a "global depression," he says, warning: "Nobody's going to bail out America."

With the U.S. facing $50 trillion in unfunded liabilities and around $62 trillion in total long-term debt, what worries Walker most is what happens after the recession dissipates, as detailed here. "I'm less concerned with the short-term deficits than I am the fact that we're not doing anything about those structural deficits that people used to call long-term," he says. "But the long-term is here."

What's ultimately at stake may be nothing short of Americans' faith in government and our standard of living. "There is a way forward. There is hope," Walker says. "But we need to actually make some tough choices."

Walker, author of a new book, "Comeback America," argues the U.S. needs to tackle four key issues if the nation wants to recover:

* Impose tough budget limits
* Reform Social Security
* Cut health-care costs
* Reform the U.S. tax system

Click "more" to get Walker's take on the Tea Party movement, and to embed and share the video.
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Old 03-31-2010, 09:44 AM   #11
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So, BRC, where is today's news? ADP Jobs report? Factory Orders???
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Old 03-31-2010, 12:22 PM   #12
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Quote:
Originally Posted by BigRedChief View Post
Placeholder thread to have one single place to copy and paste recent released figures/news stories and a place to discuss those facts and derive meaning from said facts.
what are these "facts" you speak of?
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Old 03-31-2010, 12:33 PM   #13
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So, BRC, where is today's news? ADP Jobs report? Factory Orders???
What Jobs Has Obama created one new job since being in office ?

Don't count those 15,000 new IRS jobs created by Obama's cluster care either. Thats not been fully implimented yet.
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On January 3rd, 2007 the unemployment rate was 4.60% with a RECORD 52 months of JOBS growth and the GDP was 3.50%. January 3rd, 2007 is also the day Harry Reid and Nancy Pelosi took over the House and the US Senate.
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Old 03-31-2010, 10:56 PM   #14
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Quote:
Originally Posted by Chief Henry View Post
What Jobs Has Obama created one new job since being in office ?

Don't count those 15,000 new IRS jobs created by Obama's cluster care either. Thats not been fully implimented yet.
The ADP jobs report came out today and showed a 23,000 loss of jobs for March. Now, keep that in mind when Friday comes and the jobs report from the Fed Gov shows a gain. The ADP report does NOT include government jobs. The census, IRS and other federal jobs will bolster the numbers.
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Old 04-01-2010, 07:02 AM   #15
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So, BRC, where is today's news? ADP Jobs report? Factory Orders???
It's not my job to post every artickle from every field. jeeezz

I don't even know what a ADP jobs report is moron.
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Originally Posted by MTG#10 View Post
I believe Hitler hated Jews and had a lot of them killed. I dont believe it was anywhere close to 6 million though. I'm not an anti-semite; I just think that number has been severely inflated and there is a lot of evidence that supports this belief.
Posts: 42,499
BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.BigRedChief is obviously part of the inner Circle.
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