Today in the economy

[Kirkland Laing]

3/6/09


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USA - Unemployment Rate

Actual8.10%|Forecast7.90%|Previous7.60%

Determines the percentage of total work force that is unemployed and actively seeking employment during the last quarter. A downward trend has a positive effect on the nation's currency as working people tend to spend more money, and consumption makes up a large portion of GDP.

This strikes me as a bit of a sloppy statement. For starters it is not exactly clear what they mean by "a positive effect on the nation's currency" Maybe an inverse relationship between the unemployment rate and the exchange rate can be described, but they sure haven't done it here.

I agree this is a little vague. It would be interesing to see a chart that shows unemployment vs. exchange rates.

Paging Mr. Kirkland Laing......................paging Mr. Kirkland Laing................you're needed in the lobby.

What they're saying is that when unemployment goes down the newly employed spend more money than they used to, boosting GDP and (in the current situation) demand for the dollar. I think. It depends on the wider context from wherever you got this from. Where do you get this shit from?

[killersheep]

This strikes me as a bit of a sloppy statement. For starters it is not exactly clear what they mean by "a positive effect on the nation's currency" Maybe an inverse relationship between the unemployment rate and the exchange rate can be described, but they sure haven't done it here.

I agree this is a little vague. It would be interesing to see a chart that shows unemployment vs. exchange rates.

Paging Mr. Kirkland Laing......................paging Mr. Kirkland Laing................you're needed in the lobby.

What they're saying is that when unemployment goes down the newly employed spend more money than they used to, boosting GDP and (in the current situation) demand for the dollar. I think. It depends on the wider context from wherever you got this from. Where do you get this shit from?

Forex | Forex Trading | Currency Trading | Forex Brokers

I was looking for an economic calander for my intranet that was premade, this was the first one.

[Kirkland Laing]

I agree this is a little vague. It would be interesing to see a chart that shows unemployment vs. exchange rates.

Paging Mr. Kirkland Laing......................paging Mr. Kirkland Laing................you're needed in the lobby.

What they're saying is that when unemployment goes down the newly employed spend more money than they used to, boosting GDP and (in the current situation) demand for the dollar. I think. It depends on the wider context from wherever you got this from. Where do you get this shit from?

Forex | Forex Trading | Currency Trading | Forex Brokers

I was looking for an economic calander for my intranet that was premade, this was the first one.

Ah, that's why they're interested in the effects on the dollar. As a general rule if you're reading financial sites check their archives 12 months ago (when the crisis was getting started but lots of people were claiming it was nothing) and 24 months ago (when everybody was claiming things were great/getting better etc.

Here's the guy who thinks Obama is to blame for all this last july :

If you thought you heard Cramer call a bottom during Tuesday’s Mad Money, you were right.“It smells to me like something, in fact many things,” he said, “have at last changed for the better.”
“I am indeed sticking my neck out right here, right now,” Cramer continued, “declaring emphatically that I believe the market will not revisit the panicked lows it hit on July 15. And I think anyone out there who’s waiting for that low to be breached is in for a big disappointment, and [they’re] missing a great deal of upside.”
“Stop waiting,” he said, and “buy the next dip because I think it might be the last big one.”

The Dow was 11600 at the time.

[killersheep]

3/9/09

Canada - Housing Starts

Actual135.00K|Forecast144.00K|Previous154.00K

Determines the annualized level of new residential buildings that began construction during the last month. A high level of housing activity signals that the construction industry is healthy and that consumers have the capital to make large investments. More importantly, new housing activity creates an economic ripple effect as home owners buy goods such as appliances and furniture for their homes, and builders buy raw materials and hire more employees to meet demand. An upward trend has a positive effect on the country's currency as the housing market is a leading gauge for the overall economy.


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UK - RICS House Prices Index

Actual-|Forecast-75.80%|Previous-76.30%



The Royal Institution of Chartered Surveyors (RICS) House Price Balance determines the price change of homes in the UK. For instance, a reading of 50% means that 50% more surveyors reported a rise than reported a fall in prices. This leading indicator represents the percentage of chartered surveyors reporting a price rise in their designated area.

[CGM]

hmmm, there we go with that "positive effect on the nation's currency" again. We still don't know what that means. Killer, maybe you should try and email the guy who writes this stuff and ask him what he means by "a positive effect on the nation's currency". Probably he means "good for the economy", that would be a better way of saying it.

[killersheep]

hmmm, there we go with that "positive effect on the nation's currency" again. We still don't know what that means. Killer, maybe you should try and email the guy who writes this stuff and ask him what he means by "a positive effect on the nation's currency". Probably he means "good for the economy", that would be a better way of saying it.

You're probably right, I will right and try to get clarification, but I'm sure it will be like trying to contact the sanctioning bodies (which I have tried on numerous occasions) where I won't get a response.

[Kirkland Laing]

There's no point posting the day-to-day stuff. Everything is fucked and getting worse. The forecast is shitty with increased risk of shitty.





It's all Obama's fault.