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The rapid drop in the unemployment rate, now below 9%, has some thinking that the Fed may be...
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Friday, March 4, 2011, 6:15 PM ETThe rapid drop in the unemployment rate, now below 9%, has some thinking that the Fed may be closer to starting tighter monetary policy. But if the lower rate is based on a shrinking labor force - at a 27-year low - are things really any better?
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Given the fact that Food Stamp recipient roles seem to hit a new high every month, the data may be suspect.
All you permabears switch teams and try not to miss this next correction, again.
Find fast growing companies that are cranking out sales EVERYWHERE, like SODA.
Between the illegals that cross the border and the legal immigrants that are supported due to an inability to pay for themselves, the good, capable and contributory ones get cancelled out many times over.
You realize why the pilgrims came here, right? Everyone hated them in England.
I'm running out of things to reference.....
Maybe Bernake knows.... he's been pretty accurate in his predictions so far... ;)
To the pitchfork and apocalyptic crowd, the trend is your friend...see how the claims have been dropping constantly in a actuarial time frame.....
Sometimes, I think my intelligence is too much for SA...
PS: Bernanke for President!
Bernanke for President!
Would that it were so. The Fed Chairman has some steel in him.
I am liking Bloomberg a little more however and I hope he runs.
Joe - apparently you and I are the same person - you will be pleased to know that we just flew into SF and are headed to the ballet this evening - the wife used to be a ballet dancer and is a huge afficianado. The former speaker was on our flight and it was nice to see her sitting with us mere mortals - I hope she paid for her own ticket - I would hate to think that I paid for our first class tickets and hers as well.
You will be even more pleased to hear that we recently bought some Muni CEF's - loaded up on them about 3 weeks ago - way too cheap. Also some DO and TOT - at the same time and expanded our position in VPL also a few weeks ago - I love Japan. We sold some stuff to make room for this and raise a little cash we are now waiting for the QE to end and the 10% panic correction by the SA crowd to trip our GTC orders - than it is off to the races once again. Patience.
Expansion is here.
E
I think MG is a good guy, but I disagree in his doom views. The economy is growing at a steady sustainable pace, that is creating enormous profits to shareholders.
What is most amazing is that Ben is a man appointed to this position. He inherited this sack of turd we call an economy that was made possible by these same elected officials who grill him and have filled the sack. And they have the gall to badger him as if he single handedly orchestrated our current economic state. What a sad attempt at deflecting fault.
Additionally both have advocated policies that are detrimental to the long term success of the USA. I'm not sure I would want to be the guy presiding over policies that were responsible for resulting in "the current generation will be the first ever to have less education and less earnings than the generation before it".
Ironically the people that don't have a problem with this are the same ones who think increasing taxes on those making over $250K is punishment to the middle class while also espousing that 50K a year for teachers is excessive remuneration.
I feel sorry for our children.