Jobless Claims fell Sharply Last Week
- Thread starter tnitsuj
- Start date
Is this good or bad? I didn't get my copy of the Democrat's talking-points this morning, so I am not sure what to make of this.
Check out chicken little's omnibus thread. He'll explain it to you that it's all smoke and mirrors.
The end is nigh.
I was being serious; I need to know if the sky is falling, or if everything is coming uproses...everytime I think someone is "good," I am told that it is baaahhhhhd. My fax was tied up, so I didn't get the memo and thus have no idea how to think.
Economics (generally) aren't partisan to me
But their analysis may be....I just like to make fun of chicken little.Here I'll post what I posted in the uber-thread also...
current period versus last period order...
Consumer Confidence Nov.* 91.7 81.7
Retail sales Nov.* 0.9% 0.0%
GDP Q3* 8.2% 3.3%
ISM Index Nov.* 62.8 57.0
Factory Orders Sept.* 0.5% -0.3%
Unemployment Rate Nov. 5.9% 6.0%
Employment situation Nov.* 57,000 137,000
Consumer inflation Nov. 1.1% 1.3%
Housing starts Nov.* 2,070,000 1,980,000
Home sales Oct.* 7,455,000 7,825,000
Scary stuff huh? We're heading off a cliff aaaaaaah!
source
Bolded the dramatic ones. All but 2 are positive changes.
Yes. I need to have a sense of belonging, which the collectivists are always willing to provide, providing I view things as they do....
lozina
Lifer
- Sep 10, 2001
- 11,709
- 8
- 81
Originally posted by: alchemize
Economics (generally) aren't partisan to me
Here I'll post what I posted in the uber-thread also...
current period versus last period order...
Consumer Confidence Nov.* 91.7 81.7
Retail sales Nov.* 0.9% 0.0%
GDP Q3* 8.2% 3.3%
ISM Index Nov.* 62.8 57.0
Factory Orders Sept.* 0.5% -0.3%
Unemployment Rate Nov. 5.9% 6.0%
Employment situation Nov.* 57,000 137,000
Consumer inflation Nov. 1.1% 1.3%
Housing starts Nov.* 2,070,000 1,980,000
Home sales Oct.* 7,455,000 7,825,000
Scary stuff huh? We're heading off a cliff aaaaaaah!
source
Bolded the dramatic ones. All but 2 are positive changes.
That's all well and good but how bout our dollar?
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
From the BLS, so I'd not make too much of it.. yet!
tool on down to the section called 'reliability of the estimates'
Originally posted by: lozina
Originally posted by: alchemize
Economics (generally) aren't partisan to me
Here I'll post what I posted in the uber-thread also...
current period versus last period order...
Consumer Confidence Nov.* 91.7 81.7
Retail sales Nov.* 0.9% 0.0%
GDP Q3* 8.2% 3.3%
ISM Index Nov.* 62.8 57.0
Factory Orders Sept.* 0.5% -0.3%
Unemployment Rate Nov. 5.9% 6.0%
Employment situation Nov.* 57,000 137,000
Consumer inflation Nov. 1.1% 1.3%
Housing starts Nov.* 2,070,000 1,980,000
Home sales Oct.* 7,455,000 7,825,000
Scary stuff huh? We're heading off a cliff aaaaaaah!
source
Bolded the dramatic ones. All but 2 are positive changes.
That's all well and good but how bout our dollar?
Depends on your economic school of thought. I think a low dollar in the long run can be helpful as it helps to ease the deficit by reducing imports and increasing exports. We don't want it to get too low, as that could ding the stock market and our treasuries, upping interest rates. But worldwide interest rates are so low that any treasuries the US is issuing are coming at a bargain in the long term. Something to keep an eye on.
Truth is a low dollar is going to add jobs. Is that a bad thing to you?
lozina
Lifer
- Sep 10, 2001
- 11,709
- 8
- 81
Originally posted by: dahunan
Originally posted by: lozina
One of the reasons we attacked Iraq is because Saddam converted to the Euro.. we needed to convert it back.... (lets see what that claim gets me
Sure, that's another good motive isn't it? There's no reason that should be disregarded... in a typical investigation Police will consider all suspects and motives
LunarRay
Diamond Member
- Mar 2, 2003
- 9,993
- 1
- 76
IF Nations conclude the dollar will continue to slide they will pull dollar accounts even with a dollar denominated oil.. they can buy dollars with less Euros down the road.
A weaker dollar only hurts when we have to buy foreign goods.. maybe it will reduce the trade deficit in actual products but the ones we do buy cost more.. what we sell abroad may not meet the same attitude as we have here. Buy European is a big issue in Europe. I think they'd rather pay a few franks more in France or Belgium than buy American made goods anyhow.
Like Soylent Green ... Economics is people..
A weaker dollar only hurts when we have to buy foreign goods.. maybe it will reduce the trade deficit in actual products but the ones we do buy cost more.. what we sell abroad may not meet the same attitude as we have here. Buy European is a big issue in Europe. I think they'd rather pay a few franks more in France or Belgium than buy American made goods anyhow.
Like Soylent Green ... Economics is people..
eventually the foreigners will have to buy stuff from us. because if they keep collecting our dollars without ever spending them, then that's some really expensive (or cheap?) wallpaper.
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