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Data show momentum building in economy

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The article seems to contradict its title actually... Looks awfully shaky considering the data they cite.

"The data have maintained their stronger tone and that suggests the economy is on an upswing towards the end of 2011, but they are not pointing to robust growth in 2012," said Conrad DeQuadros, senior economist at RDQ Economics in New York.

Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 381,000, the Labor Department said, above economists' expectations for 375,000.

But the four-week moving average - a better measure of labor market trends [no source cited?] - dropped to a new 3-1/2 year low.

A separate report showed the Institute for Supply Management-Chicago business barometer was little changed at 62.5 this month from 62.6 in November.

Economists had expected this measure of factory activity in the Midwest region, to fall to 61 in December. A reading above 50 indicates expansion in the region's manufacturing
 
Ladies and gentlemen, this is Chewbacca.



Chewbacca is a Wookiee from the planet Kashyyyk. But Chewbacca lives on the planet Endor. Now think about it; that does not make sense! Why would a Wookiee, an 8-foot-tall Wookiee, want to live on Endor, with a bunch of 2-foot-tall Ewoks? That does not make sense! But more important, you have to ask yourself: What does this have to do with momentum building up in the US economy?

Nothing. Ladies and gentlemen, it has nothing to do with the US economy improving! It does not make sense!

Look at me. I'm an armchair expert on everything, and I'm talkin' about Chewbacca! Does that make sense?

Ladies and gentlemen, I am not making any sense! None of this makes sense! And so you have to remember, when you're done reading through the OP's link and you begin deliberatin' and conjugatin' the Emancipation Proclamation, does it make sense? No! Ladies and gentlemen of this supposed forum, it does not make sense!

If Chewbacca lives on Endor, you must agree that the US economy is NOT building up momentum! There is no improvement. Things are NOT getting better.
 
yuppiejr said:
The article seems to contradict its title actually... Looks awfully shaky considering the data they cite.

"The data have maintained their stronger tone and that suggests the economy is on an upswing towards the end of 2011, but they are not pointing to robust growth in 2012," said Conrad DeQuadros, senior economist at RDQ Economics in New York.

Initial claims for state unemployment benefits rose 15,000 to a seasonally adjusted 381,000, the Labor Department said, above economists' expectations for 375,000.

But the four-week moving average - a better measure of labor market trends [no source cited?] - dropped to a new 3-1/2 year low.

A separate report showed the Institute for Supply Management-Chicago business barometer was little changed at 62.5 this month from 62.6 in November.

Economists had expected this measure of factory activity in the Midwest region, to fall to 61 in December. A reading above 50 indicates expansion in the region's manufacturing
Click to expand...

Dammit,.. you beat me to it.

:\
 
I think our recent experience with the temporary two month extension of the FICA tax break proves beyond a doubt that the GOP will gladly commit economic sabotage if they think it will hurt Obama.

Only the blatant hypocrisy involved coupled with the massive number of taxpayer/voters affected caused them to relent at all.
 
Thump553 said:
I think our recent experience with the temporary two month extension of the FICA tax break proves beyond a doubt that the GOP will gladly commit economic sabotage if they think it will hurt Obama.

Only the blatant hypocrisy involved coupled with the massive number of taxpayer/voters affected caused them to relent at all.
Click to expand...

What's that? Pointing out actual bad behavior is partisan! Both sides have to be the same!
 
yuppiejr said:
The article seems to contradict its title actually... Looks awfully shaky considering the data they cite.
Click to expand...

(Someone can correct me on this but) Yahoo news publishes original stories from other outlets and chooses titles for those stories. The titles are often horribly misleading. This is a good example.
 
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