"Meanwhile, foreclosures are continuing to rise"
"Housing stabilizes in three key states; May be easing of foreclosure crisis" by Associated Press | August 4, 2009
Foreclosure rates in three states hit hardest by the housing bust stabilized in June, offering hope the worst of the real estate crisis is over....
Foreclosure rates are rising in other states....
Nationwide, many economists say, rising unemployment may push foreclosures higher into next year.--more--"
But we've stabilized. Lying right inside your own article; how nice, MSM!
“The recession is coming to an end’’
"Manufacturing slowdown eases; stimulus plans credited; Analysts brighter about second half" by Courtney Schlisserman, Bloomberg News | August 4, 2009
WASHINGTON - Manufacturing in the United States shrank less than forecast as stimulus-induced gains in demand worldwide helped resuscitate factories from the worst slump in three decades.
Maybe there is nothing left to shrink.
Related: Boston Globe's Manufactured Insults
Another purchasing managers’ index showed manufacturing in China expanded, rising to the highest level in a year. Reports today also showed manufacturing expanded in the United Kingdom for the first time in more than a year, shrank less in Europe than initially estimated, and declined at a slower pace in Australia.
And DROPPED for the EIGHT STRAIGHT MONTH here, world!
Why doesn't the Globe include that?
And LESS WATER coming in the SINKING BOAT is BETTER?
The readings for new orders and production jumped to the highest level in more than two years, yesterday’s report showed. “The wheels of the economic train have stopped moving in reverse and are starting to grind forward,’’ said Brian Bethune, chief financial economist at IHS Global Insight in Lexington, Mass. “We’re starting to see a pickup in production, partly due to the turn in residential construction’’ and in the auto industry, he said.
“The huge drag from residential construction will probably go away in the third quarter, and that will provide a general lift to the economy,’’ Bethune said. “There’s no question that the fiscal stimulus is helping on the nonresidential side.’’--more--"
Bull. Did you see my links?
"Commercial real estate prices slide" by Reuters | August 4, 2009
NEW YORK - Despite a pickup in sales, commercial real estate prices posted a record drop in the second quarter, according to an index developed by the Massachusetts Institute of Technology’s Center for Real Estate....
“The big news this quarter is not just the magnitude of the drop, but the fact that transaction volume actually increased in the presence of this decline, the first volume increase since last summer,’’ David Geltner, director of research at the center, said in a statement yesterday.
The decline in nominal terms is far greater than the 27 percent drop in the previous major commercial property downturn in the late 1980s and early 1990s. Adjusting for inflation, both periods are now tied at a 41 percent decline.
The downturn in commercial real estate, as marked by the index, also is greater than the collapse in US housing prices, which are off 30 percent, the report said.
And we have YET to feel THIS IMPACT, America!!
Oh, is the MSM and government ever blowing smoke up your skirts again!
he 18.1 percent decline was the steepest in the index’s 25 year history, far greater than the former record - a 10.6 percent decline in the fourth quarter of 2008.
Then WHAT is with these ECONOMIC LIARS I see in my paper every day?
--more--"
"Oil jumps, in part due to weak dollar" by Associated Press | August 4, 2009
Gee, they sure do keep that DROPPING DOLLAR a QUIET STORY, 'eh?
See: The Plot To Destroy The US Dollar
COLUMBUS, Ohio - Oil and natural gas prices rose sharply yesterday on the weakening dollar and on new signs of life from manufacturers that suggest the recession might be loosening its grip....
That's a LOT DIFFERENT than saying its over!
Related: The Fake Recovery
Retail gasoline prices rose overnight yet again.
Natural gas, a major source of power generation, spiked by more than 9 percent on a day when both China and the United States reported stronger manufacturing activity.
Crude has been rising for the past several weeks on the US dollar’s downward trend.
The dollar index reached its lowest point since September against the euro yesterday.
Money floods into equities markets when the dollar falls because products like crude are priced in the US currency. Oil can be used as a hedge against inflation, and it becomes cheaper when the dollar falls.
Then why is the price going up?
And NEVER ANY TALK about RESERVE CURRENCY and what happens if the dollar isn't it, Amercians! We become ZIMBABWE or PALESTINE then, shit-chompers!!!!
Thanks for helping us, newspaper.
Still, energy experts say the prices for oil and natural gas may be higher than they should be right now.
Yeah, EVERYONE KNOWS the PRICE of OIL is manipulated!
Oil prices seesawed last week before surging Thursday and Friday as investors bet that crude demand, which has been tepid this summer, will eventually pick up as the economy improves.
Oh, it is a BET, is it?
An UNCERTAIN thing?
Arrrrrrrrrgggggghhhhhhh!!!!!!!!!!
--more--"
