Obamaconomy!!!

[Mr. Shaman]

"World equities and oil prices jumped on Friday after fears that a stormy February would darken the U.S. jobs picture proved false, bol$tering sentiment about economic recovery and the pivotal labor market."

The appetite for risky assets rose, with European shares notching their largest one-day gain in three months to hit six-week highs. The tech-rich Nasdaq stock market was poised to post its biggest weekly gain since October.

"It was a risk appetite event," said Michael Woolfolk, senior currency strategist at BNY Mellon in New York. "The fact that the U.S. labor market is in better shape than we were thinking $upport$ the U.S. recovery story and it encourages market participants to put on risky trades."

 

[Mr. Shaman]

"Borrowing by U.S. consumers unexpectedly rose in January for the first time in a year, led by auto loans and indicating Americans are gaining confidence in the economy.

Consumer credit increased $5 billion, or 2.4 percent at an annual rate, the Federal Reserve said today in Washington. Borrowing dropped $4.6 billion in December, more than first estimated. The figures track credit card debt and non-revolving loans, including those for automobile purchases.

The worst recession since World War II probably ended last year as factories boosted production and government spending programs took hold. The recovery may get a bigger lift from consumer purchases that account for about 70 percent of the economy when companies begin to hire.

“Consumers are relying more on credit and this is a sign that the economy may well have hit bottom and that they are starting to spend again,” Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, said before the report. “An uptick in credit bodes well for the economic outlook this year.”

After years of declining industry and surging services—especially banking and finance—the downturn has sparked renewed British interest in manufacturing.

Manufacturing has long been the poor relation of the British economy, often characterised as a sector in inexorable decline, overshadowed by the booming modernity of super-sexy high finance. But in the wake of the collapse of the banks, politicians from across the spectrum are turning back to making things, in an effort to "re-balance" the British economy. And to coincide with "Manufacturing Week," business is laying out what is needed to turn the rhetoric into reality.

But – in the words of Mark Twain – reports of the death of manufacturing are premature. The sector still accounted for 13.5 per cent of the economy last year, compared with less than 10 per cent from the much-vaunted financial services sector. Manufacturers carry out 74 per cent of business-funded research and development, employ 2.6 million people and generate 53 per cent of the country's export earnings. And their reputation for world-leading, high-end, specialist industries – from Formula 1 to defence to civil aerospace – is respected abroad, even if not always recognised at home.

But what is different this time around is the strong pull of genuine demand. The energy sector is a case in point. The combination of slowing North Sea oil and gas production, ageing infrastructure and looming EU environmental regulations is forcing a massive renewal of Britain's energy sector. Offshore wind is also a fertile prospect. UK coastal waters already contain half of the entire world's offshore wind farms, and the capacity will have to be multiplied more than 50 times to meet EU 2020 targets, sucking up £100bn in investment and creating 70,000 jobs. Low-carbon cars and high-end healthcare technologies are similarly burgeoning new markets, both domestically and internationally."

 

[asur]

Todays Bad News: The underemployment" rate rose to 16.8 percent last month from 16.5 percent


"The report today shows a labor market with no momentum," said Larry Mishel, president of the liberal Economic Policy Institute. "Employment is not growing. And even a generous interpretation of the snow's impact suggests that the underlying trend is insufficient to drive down unemployment in the near future."

Nearly 14.9 million Americans are unemployed -- nearly twice the total when the recession began. The Labor Department revised its estimate of job losses for January from 20,000 to 26,000.

Hiring for the 2010 Census accounted for 15,000 jobs last month, the department said. The government expects to hire 1 million temporary census workers this year.

http://finance.yahoo.com/news/Unemp...6.html?x=0&sec=topStories&pos=9&asset=&ccode=

 

[Mr. Shaman]

Hey, assur!!!!

"President Barack Obama made his own stock market prediction last year, saying on Mar. 3 that buying U.S. shares "is a potentially good deal" for long-term investors. Six days later, the S&P 500 hit a 12-year low of 676.53 and then began its epic climb. For Obama, gains in stock and credit markets may be the clearest evidence that his policies are working, after losses tied to subprime mortgages spurred a financial crisis that erased $11 trillion in stock market value and sent the unemployment rate above 10%."

June 15, 2009!!!!!!!!!!!!!!!!!

 

[OldTrapper]

Hey, assur!!!!

June 15, 2009!!!!!!!!!!!!!!!!!

Barney Frank said about the same thing about Fannie Mae, and Freddie Mac, in 2007.

However, in todays world, unemployment went up in 30 States;

http://www.huffingtonpost.com/2010/03/10/unemployment-rises-in-30_n_493454.html

The number of millionaires in America is rising;

http://www.huffingtonpost.com/2010/03/09/number-of-us-millionaires_n_491942.html

The number of persons having less the $10,000 for retirement is rising;

http://www.huffingtonpost.com/2010/03/09/pf/retirement_confidence/index.htm

Wall Street gets record bonuses;


http://www.huffingtonpost.com/2009/11/09/wall-streets-record-bonus_n_350378.html

And you want to give BO credit for a rise in the stock market.

 

[asur]

Just more proof - Obama Polices are No Good

March 11, 2010

What's moving the market: Prices drifted lower on Thursday, after the government's initial jobless claims report showed higher continuing claims, which rose to nearly 4.56 million in the week ended Feb. 27, the most recent data available. That's up 37,000 from an upwardly revised 4.52 million the week prior.

http://money.cnn.com/2010/03/11/markets/oil/?postversion=2010031112

Obama must hate jobs!

 

[top gun]

The Washington Post
By Neil Irwin
Saturday, March 6, 2010

A few feet of snow in February was not enough to impede the steady healing of the job market, according to data released Friday that showed the U.S. economy's tepid recovery remained on track.

The Labor Department reported that the nation shed 36,000 jobs and the unemployment rate held steady at 9.7 percent, figures that surpassed many forecasters' expectations. Some economists had predicted that last month's snowstorms would boost the jobless rate and create job losses in the six figures.

The better-than-expected numbers helped lift the stock market, with the Standard & Poor's 500-stock index rising 1.4 percent to its highest level since mid-January. Combined with other strong economic indicators released this week -- improved results in a key survey of service businesses, for example, and a drop in new claims for jobless benefits -- Friday's unemployment numbers dispelled some doubts about whether the expansion has continued through the winter. The economy appears to be set to continue growing through 2010, although too haltingly to create any dramatic decline in unemployment, economists said.

"Through snowstorms and everything else, we're still on track for this moderate, half-speed recovery," said Stuart G. Hoffman, chief economist at PNC Financial Services Group.

The good news is that things are looking a bit better for coming months. March employment results should be significantly stronger, as people who could not report to work during the snowstorms in the second week of February reappear on employers' payrolls and hiring for the once-a-decade census ramps up.

And the underlying labor market trend might be starting to improve, even apart from those one-time adjustments in March. For example, Monster Worldwide, the job search company, prepares an index of placements of online recruitment ads at its Web sites and those of competitors. That index rose 2 percent in February compared with a year earlier, the first gain since the end of 2007. The index tends to presage hiring by about two months.

"It's still relatively weak compared to the peaks we saw in the mid-2000s," said Jesse Harriott, chief knowledge officer at Monster. "But it's definitely a trend reversal, not just a one-month tick."

Similarly, the Labor Department report showed that the nation added 48,000 temporary jobs in February, the fourth straight month of gains. Companies frequently add temps when they see increased demand, then add permanent employees later if demand for their products continues.

 

[asur]

Obama's Change is bringing home real economic pain!

Is this what America wants, no jobs?

 

[Gipper]

 

[Mr. Shaman]

Barney Frank said about the same thing about Fannie Mae, and Freddie Mac, in 2007.

However, in todays world, unemployment went up in 30 States.....

"....a very happy place.", by July.

Watch & learn.......

 

[Mr. Shaman]

"U.S. retail sales ro$e unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.

Optimism about Friday's report was tempered by a slip in consumer confidence early this month. Worries about stubbornly high unemployment held back sentiment, even though the economy appears to be on the cusp of creating job$.

"The manufacturing recovery is starting to broaden out to the key consumer area of the economy. Consumers are keeping up their end of the bargain to ensure the recovery from recession is a sustainable one," said Chris Rupkey of the Bank of Tokyo-Mitsubishi in New York."

O-BA-MA!!! O-BA-MA!!! O-BA-MA!!! O-BA-MA!!!

 

[asur]

Real jobs are not coming back. We are still losing jobs today March 11, 2010 and
you might not know it. Dems are distorting the facts here.

Senate Majority Leader Harry Reid stated in on the Senate floor, "Today is a big day in America. Only 36,000 people lost their jobs today, which is really good."

 

[OldTrapper]

"....a very happy place.", by July.

Watch & learn.......

Why? Is BO going to resign?

 

[Mr. Shaman]

"As the U.S. economy improve$, more of the shoppers who flocked to Wal-Mart to save money during the recession are moving back to the stores they frequented before, a new survey showed on Friday.

More shoppers said they were planning to buy spring clothes this year than said so last year, the latest sign apparel retailers were coming out of a long slump.

A total of 57.6 percent of those surveyed said they planned to buy clothes for themselves and 64.3 percent said they planned to buy clothes for their families.

Last year, only about 34 percent of consumers planned to buy spring clothes for themselves or their family, Beemer said."

 

[Mr. Shaman]

"U.S. stocks rose, pushing the Standard & Poor’s 500 Index to a 17-month high, as Citigroup Inc. led a rally among banks and data boosted confidence that the economic recovery is sustainable.

Citigroup rallied 13 percent on speculation the U.S. government may sell its stake and after Chief Executive Officer Vikram Pandit said the bank will be consistently profitable. American International Group Inc., the bailed-out insurer, surged 22 percent after selling a division to MetLife Inc. for $15.5 billion. Home Depot Inc. and McDonald’s Corp. each rose at least 2.8 percent after U.S. retail sales unexpectedly increased in February.

Central banks including the Federal Reserve have kept rates low to stimulate the economy out of the worst contraction since the Great Depression. The Fed has pledged to keep its target rate for overnight loans between banks low for an “extended period.”

Barton Biggs, the hedge-fund manager who recommended buying U.S. stocks in March of last year when the S&P 500 sank to a 12- year low, said American equities may ri$e another 10 percent to 15 percent over the next couple of months.

“I’m very struck by the level of bearishness everywhere I go,” said Biggs, who runs New York-based hedge fund Traxis Partners LP. “I’m not obsessed with history. I’m bullish because I think the global economic recovery is on track and is going to be surprisingly strong. The world was falling apart in 2009. There’s been a tremendous change.”