Yup, I am TIRED of the S***-SHOVELING MSM all right:
"People are not buying any more, it's just that prices went up!" -- Wake the Flock Up
"Retail sales, wholesale prices up; June climbs are driven by rise in energy costs" by Martin Crutsinger and Jeannine Aversa, Associated Press | July 15, 2009
WASHINGTON - Higher energy prices rippled through the economy in June, helping drive bigger-than-expected gains in retail sales and inflation at the producer level.
The higher prices at the gas pump and for other energy products were seen as temporary, but economists worry consumer spending will remain lackluster as unemployment rises, slowing a broader recovery. The Commerce Department reported yesterday that retail sales rose 0.6 percent in June, the biggest gain in five months.
Stuart Hoffman, chief economist at PNC: “The economic gears are starting to turn.’’
Sorry, I'm full, s***-shoveler!
Meanwhile, the 1.8 percent rise in wholesale prices - double what economists had expected - was the biggest gain since November 2007. It fanned investors’ fears about inflation even though economists said the energy spike was not the beginning of a dangerous bout of inflation. Over the past 12 months, wholesale prices have actually fallen 4.6 percent.
“A rogue surge in gasoline prices was behind the spike,’’ said Brian Bethune, economist at IHS Global Insight. He predicted the Labor Department’s July report on wholesale prices would show prices moderating. Crude oil prices topped $72 a barrel in June but have eased since then.
These guys have either BEEN WRONG or LIED the WHOLE WAY and we are supposed to believe them now?
Hell, the HID the BEGINNING of this DEPRESSION for 10 months!!!!
Many analysts expect the June increase in energy prices was short-lived and the weak economy will restrain companies from ratcheting up prices they charge consumers. Still, the unexpectedly big jump in wholesale prices did rattle bond investors.
Higher prices for cars, trucks, furniture, and pharmaceutical preparations factored into the pickup in “core prices’’ in June. Economists blamed higher energy costs for spilling over and helping to push up the prices of other goods. They believe this will reverse as energy prices moderate. A third government report showed....
If you are interested in reading more lies, go here
US Airways to cut 600 ground jobs
But hey, NOT EVERYONE is HURTING!
BOSTON - US stock fund investors were rewarded with their biggest quarterly gain in nearly a decade, as US diversified equity funds posted a 17 percent average return, according to data released by fund tracker Lipper Inc. It was the best performance since 1999’s fourth quarter.
That SURE is ODD, 'eh, readers?
"Americans watched their net worth shrink by $1.3 trillion in the first three months of this year"
I think you are being LOOTED BIG-TIME, s***-eater! I got my meager $$$ out just in time!!!
No doubt about it: the BANK BAILOUT was NOTHING MORE than the GREATEST HEIST in WORLD HISTORY!
“Despite continued economic uncertainty, the mutual fund industry has enjoyed remarkable stability relative to other financial services sectors,’’ said Avi Nachmany, Strategic Insight’s research director. A big share of the money flowing into stock funds recently has gone to those investing overseas, where markets have risen more sharply - including since mid-June, when the US market’s spring rally stalled....
So YOU AIN'T BENEFITING a BIT, 'murkn!! Go BACK to that BOWL of SHIT while these guys "fix" the economy for you!!!
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Aren't you HAPPY the MONEY-CHANGERS are doing JUST FINE as your life sinks into that shitbowl you feed from, 'murkn? Do I sound angry today? Ya think?
"Higher prices blamed on fuel; Economists wary of falling costs" by Martin Crutsinger, Associated Press | July 16, 2009
How can that be when DEMAND is DOWN?
WASHINGTON - Sharply higher prices for everyday goods in June reflected a surge at the gas pump, not the start of a dangerous bout of inflation. In fact, economists say falling prices are the bigger danger.
They really got you bobbing at the yo-yo, don't they, 'murkn?
A Labor Department report yesterday showed consumer prices making their biggest jump last month in almost a year. But overall prices are down 1.4 percent from this time last year....
Pfft! We DON'T CARE ABOUT LAST YEAR because MY DOLLAR is WORTH WAY LESS, s***ters!
That’s bad news for business executives. High unemployment and stagnant wages mean they risk losing customers if they raise their prices.
Like I GIVE a SHIT about THEIR PROBLEMS!!!!
Consumer prices were up 0.7 percent in June, the Labor Department said, mostly because of higher energy prices. Gasoline was 17 percent more expensive in June than in May.
I'll wait for the upwards revisions next month, thank you.
“You are not going to get serious domestic inflationary problems until you get closer to full employment, and that is going to take at least five years,’’ said David Wyss, chief economist at Standard & Poor’s in New York. The Fed delivered a similar message yesterday, forecasting that unemployment would top 10 percent this year and saying it expects inflation will “remain subdued for some time.’’
Economists say there are two threats that could scuttle their forecast of benign inflation - oil and the dollar. If Middle East tensions suddenly sent oil prices surging, or if the dollar started falling precipitously, all bets would be off.
I'd count on it! All PART of the NEO-CON PLAN for GLOBAL GOVERNMENT!
The jump in consumer prices in June did stir some inflationary concerns on Wall Street, sending bond prices lower for a third straight day. But stocks surged for the second time in three days, propelling all the major indexes up about 3 percent and the Dow Jones industrials up 257 points for their biggest one-day gain in nearly four months. An upbeat forecast from Intel Corp. and the Federal Reserve’s more positive take on the economy built on momentum that began Monday when an analyst issued an optimistic forecast for Goldman Sachs Group Inc.
Yeah, as if it wasn't MARKET MANIPULATION that did it for 'em! It was some ladies' word! Oooh, just spit up a chink of MSM s***!
The Fed said the decline in factory output last month was slower than in May, a possible sign the recession is easing. Factories are running well below capacity, and idle machinery is further evidence to economists that the risk of inflation is low.
Among other signs in the economy that inflation is in check:
Prices for personal computers and electronic gadgets have dropped, or stayed steady with added features.
Drug companies did raise prices slightly on some medications with few signification rivals, but prices for most prescription drugs should stay flat or drop, predicted analyst Steve Brozak of WBB Securities.
Airlines are unlikely to raise fares anytime soon.
Well, now you know whom the IMPORTANT INTERESTS are, hmm?
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None of those costs actually dropped, did it? So the Fed has your eye on the deflation bubble as the inflation bubble gets larger? Thanks, newspaper. Thanks for the deceit and deception.
WASHINGTON - The Federal Reserve expects the economy this year will sink at a slower pace than it previously thought, but that unemployment will top 10 percent and remain high for the next few years, according to a new forecast released yesterday.
The Fed predicts the economy will shrink between 1 and 1.5 percent this year, an improvement from its forecast issued in May. At that time, the Fed projected the economy would contract between 1.3 and 2 percent. The upgrade - which helped major stock indicators jump about 3 percent and the Dow Jones industrial average to add 257 points - comes from the expectation that the economy’s downhill slide in the first half of 2009 wasn’t as bad as previously thought. The Fed said the economy should start growing again in the second half of this year, although the pace is likely to be plodding.
Tell that to the Americans who LOST $1.3 TRILLION in ONE QUARTER, you FART-MISTING F***S!!! END the god-damned FED NOW!!!!!!!!!!!
In fact, most Fed policy makers said it could take “five or six years’’ for the economy and the labor market to get back on a path of full health in the long term. And, most officials saw “the economy as still quite weak and vulnerable to further adverse shocks.’’
Do YOU have that amount of TIME, Amurkn? I don't!!
So ALL that SMOKE up the SKIRT is from a BULLSHIT BONFIRE, 'eh, MSM?!!!!
Against that backdrop, the Fed’s forecast for unemployment this year worsened. The central bank predicted the jobless rate could rise as high as 10.1 percent, compared with the previous forecast of 9.6 percent. The nation’s unemployment rate climbed to 9.5 percent in June, a 26-year high.
To help lift the country out of recession, the Fed has slashed interest rates to a record low near zero. In March, the Fed launched a $1.2 trillion effort to drive down interest rates to revive lending and get Americans to spend more freely. Those actions - along with President Obama’s $787 billion stimulus package of tax cuts and increased government spending - should help the economy return to growth in the second half of this year.
I'm SICK of the F***ING SHIT SELL, sorry!!!!!!!!!!!!!!!!!!
Fed officials at their June meeting observed “the economic contraction was slowing and that the decline in activity could cease before long.’’ Consumer spending appeared to have stabilized, new-home sales were flattening out, and declines in capital spending did not look as severe as they had at the beginning of the year.
Yup, EVERYTHING is COMING UP ROSES, according to these LYING LOOTING F***S!!!!
OFF with their GOD-DAMNED HEADS!!!!!!!!!!!!!!!!!!!!!!!
On the inflation front, Fed policy makers did bump up their forecasts for this year and next. The Fed expects inflation to rise between 1 and 1.4 percent in 2009, reflecting the influence of higher oil and commodity prices.
And yet ABOVE all I read was "INFLATION? No problem!"
Aaaaaaaaaaaaahhhhhhhhhhhhhhh!!!!!!!!!!!!!
Is it ANY WONDER I AM FUMING?!!!
Do YOU LIKE being LIED TO DAY AFTER FUCKING DAY?!!!!!
The old forecast called for a gain of between 0.6 and 0.9 percent this year. Even with the projected pickup, the Fed believes inflation “would remain subdued for some time’’ and be lower than the 1.9 percent increase logged in 2008. The sluggish recovery, idle plants, a weak employment market, and cautious consumers will restrain companies from jacking up prices.
And that's a GOOD THING!
That way GOLDMAN and the rest can GET RICH -- AS PLANNED!!!
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"As recession grinds on, financial abuse of elders takes a growing toll
Did you know that in the writing courses I had in college told me words like COULD BE, IF, MAYBE, STILL, BUT, etc, etc, were BAD WORDS to use for a REPORT -- and YET (another lovely word) I find them IN MY NEWSPAPER REPORTS EVERY DAY, EVERY WHERE!
Which means it is NOT a NEWSPAPER at all!
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