Today in the economy

[killersheep]

The market looks toward the future and right now it don't look so hot

Amazing with the in depth analysis, please explain how if McCain was in office things would be different today.

[El Kabong]

Amazing with the in depth analysis, please explain how if McCain was in office things would be different today.

Things might not be any different but it would be nice if our President did something instead of taking in NBA games and flying around in Air Force One and telling the Republican members of Congress that he "won" and they have to come to terms with it.

What I do know is John McCain #1 Has experience and #2 Has experience working with Republicans AND Democrats.


Meanwhile O-ba-ma was a single term Senator who never did a damn thing before he got elected, kind of like the LAST GUY WE HAD IN OFFICE!!!!!

[killersheep]

Amazing with the in depth analysis, please explain how if McCain was in office things would be different today.

Things might not be any different but it would be nice if our President did something instead of taking in NBA games and flying around in Air Force One and telling the Republican members of Congress that he "won" and they have to come to terms with it.

What I do know is John McCain #1 Has experience and #2 Has experience working with Republicans AND Democrats.


Meanwhile O-ba-ma was a single term Senator who never did a damn thing before he got elected, kind of like the LAST GUY WE HAD IN OFFICE!!!!!

That's strange clearly the market is reacting to the current economic climate and you agree because you said things wouldn't be any different under McCain. Also, I don't understand your statement of " it would be nice if our President did something" I thought your issue with Obama was that he was doing things, please elaborate.

[El Kabong]

OK maybe I mis-worded that, it would be nice for Obama to do the correct things. Like the GOP or not and I know most of you don't like them at all and white wash them all as George W Bush drones but their TARP bill was less expensive, working TOGETHER might inspire some more confidence in the system we have, and berating CEO's for flying in private jets to DC isn't that great of an idea either....I mean the representatives of some fiscally irresponsible states have their own TAXPAYER PROVIDED jets which they fly to DC on, when are they going to get lectured


When these liberals get off their high horses, we might get something done.

[CGM]

When economy bottoms out, how will we know? - Yahoo! News

This is an interesting article from Yahoo news. It says one of the first signs of a recovery is an increase in the hiring of temporary workers, and an increase in hours worked by people who already have jobs.

[killersheep]

OK maybe I mis-worded that, it would be nice for Obama to do the correct things. Like the GOP or not and I know most of you don't like them at all and white wash them all as George W Bush drones but their TARP bill was less expensive, working TOGETHER might inspire some more confidence in the system we have, and berating CEO's for flying in private jets to DC isn't that great of an idea either....I mean the representatives of some fiscally irresponsible states have their own TAXPAYER PROVIDED jets which they fly to DC on, when are they going to get lectured


When these liberals get off their high horses, we might get something done.

What are the correct things Lyle? Unless you are claiming you are infallible like Kirkland Laing does, you must give time for this plan to take effect, before you criticize it.

[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?

[Kirkland Laing]

OK maybe I mis-worded that, it would be nice for Obama to do the correct things. Like the GOP or not and I know most of you don't like them at all and white wash them all as George W Bush drones but their TARP bill was less expensive, working TOGETHER might inspire some more confidence in the system we have, and berating CEO's for flying in private jets to DC isn't that great of an idea either....I mean the representatives of some fiscally irresponsible states have their own TAXPAYER PROVIDED jets which they fly to DC on, when are they going to get lectured


When these liberals get off their high horses, we might get something done.

What are the correct things Lyle? Unless you are claiming you are infallible like Kirkland Laing does, you must give time for this plan to take effect, before you criticize it.

I'm happy to let the facts speak for themselves when it comes to assessing my Infallibility. And since the facts show that I'm always right about everything then I obviously am Infallible.

[Kirkland Laing]

Hey I don't think many guys are disagreeing with what Cramer is saying now...the stock market isn't reacting well to the Obama Presidency

This guy told the world bear Stearns stock was worth buying a few days before they went bust, the financial system was fine, there'd be no recession etc. etc. etc. A bigger buffoon you'd be hard-pressed to find even with the intense competition from other financial buffoons. Why does anybody listen to clowns like this?

The stock market is reacting to the ongoing meltdown of the financial system and the worldwide fall in output of up to 40%, the fact that the banking system is insolvent, huge monthly job losses, huge falls in GDP. The same things are happening in the UK where a left-leaning government has been in power the whole time and also in germany where a conservative government took over just as the whole mess started, but the effects of the financial crisis/recession are just the same in those countries as they are in America.

This is just the latest bs from the right wing idiots who control US media. They're desperate to hang the whole mess created by eight years of epic dumbness, incompetence and criminality around the neck of a guy who's been president for about seven weeks. And guess who's still believing every word these guys tell you. Things are collapsing (and will continue to collapse) because of the way the economy and the financial system have been run over the past eight years, not because of anything that's happened in the last eight weeks.

[Kirkland Laing]

Here's how clever Cramer and his business channel are Lyle. This comes from the Daily Show, which is the most accurate source of news available on US TV. When a comedy show is your best news source, you know you really are in trouble.

CNBC Gives Financial Advice | The Daily Show | Comedy Central

[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.