"Even if the recession ends later this year, the job market will remain weak. Companies are expected to keep cutting payroll through the rest of this year, but analysts say monthly job losses likely will continue to narrow." I find these articles humorous. How can the economy be getting better if the job situation is getting worse? No jobs = shitty economy There's simply no way around it. These two go hand-in-hand.
Agreed, but everyone (with a brain) is hawkishly watching the GDP figures for a material increase in private spending. We know that a "real" recovery cannot materialize until this happens. Everything between now and then is govt. induced growth and this is not in line with our (supposed) economic doctrine.
http://www.minyanville.com/articles/USO-fcx-SSO-PAL/index/a/23834 Maybe overdone would be a better descriptor of the rally.
If you talk to people who run private companies, sales are at all time lows and there is no sign of improvement. Unless everyone is going to get a government job where is the catalyst going to come from? Corporate earnings are coming from job cuts and cost cutting (ie not spending money on others goods and services). They are not coming from selling more goods and services. Revenue estimates from WS ANALyst are a joke. Where is the proof that the economy is turning around besides the Government statistics and the Wall St. economist? We all know they are only incentivized to paint a rosy picture (taxes for gov, fees for WS). Can anyone give me specific private sector examples where things are growing at a positive rate (not declining at a slowing rate)? Just because there is a sign change in the 2nd derivative does not mean we are going to V bottom and return to former GDP levels with 5% growth. The leverage does not exist for that output or consumption anymore.
Bite your tongue, Comrade. Our struggle may be hard, but Our Glorious Leader will always find a way to spend more money. Spending more money is the key to prosperity. Do you see how when He borrows money from the Chinese and gives it to you, or prints money out of thin air and gives it to your neighbor, that means GDP goes up? That means the economy is on the right path and we are becoming wealthier. If He borrows enough we can all be rich. Hope and Change!