Thursday, August 13, 2009

My Last Economic Post

After yesterday, you know why, right?

Today's plum pffffts:

"the recession appears to be ending.... The economy began flashing significant signs of turning a corner"

"the global recession is easing its grip
.... signs the recession is ending"

"Fed sets optimistic tone on economy" by Jeannine Aversa, Associated Press | August 13, 2009

WASHINGTON - .... The Treasury-buying program’s effectiveness has been questioned on both Wall Street and Capitol Hill, with critics saying it looks like the Fed is printing money to pay for Uncle Sam’s spending binge....

Well, if it LOOKS LIKE, WALKS LIKE, and QUACKS LIKE a DUCK.... it is a DUCK!!!!!!!

The Fed still has firepower in its arsenal....

I'm TIRED of the WAR TERMINOLOGY, aren't you?

How about tools in its kit?

The economy began flashing significant signs of turning a corner.... But dangers still lurk.

Pffft!

Further job losses, sluggish income growth, hits to wealth from tanking home values, and still-hard-to-get credit could make Americans cautious in the months ahead, the Fed said.

So WHERE DID all that bailout money go, huh, 'murka?

The Fed expressed confidence that low rates and other aggressive action will gradually bolster the economy. Even so....

This isn't journalism or reporting; this is SHIT!!!!!!

Against that backdrop, the Fed said inflation is likely to stay “subdued.’’

So they will be CAUGHT by SURPRISE again?

Fed policymakers predicted that idle factories and the weak employment market will make it hard for companies to jack up prices.... because companies are in no rush to hire.

But everything is getting SOO MUCH BETTER, pfft!

--more-"

"Governments worldwide are examining the pay of bankers blamed for fueling the worst financial crisis since the Great Depression"

I'm even tired of the word games. One day it's since WWII, the next....

"A handful of industries adds workers" by Associated Press | August 13, 2009

WASHINGTON - Even with most businesses still reluctant to add new employees, some pockets of hiring are emerging in industries such as accounting, information technology, and restaurants, government data show.

Signs of hope....

Yup, CHOW DOWN a BIG, STEAMING, STINKER of LYING MSM "hope", 'murkns!!! You all shoulda been WAR LOOTERS!!!

Still....

Don't you love it when AmeriKa's MSM crap in your mouth, murkn?

Yeah, you do!!!! It's a FEAST, isn't it?

One bright spot....

Think of it as a KERNEL of CORN TRUTH in an AmeriKan breakfast!

4,000 jobs.... one of the few sectors to add jobs, along with health care, government, and computer services.

We've LOST MILLIONS and SHED 247,000 just last month, and these s***-sticks are crowing about piss plops?

The Labor Department also said....

Why listen to liars?

--more--"

"Trade deficit grows as imports, exports rise" by Martin Crutsinger, Associated Press | August 13, 2009

WASHINGTON - .... Confirming that the global recession is easing its grip. The first back-to-back gains for exports in a year were especially good news for America’s manufacturing sector....

See:
Boston Globe's Manufactured Insults

I'm tired of them.


The Commerce Department said....

I no longer listen to liars.


signs the recession is ending....

Despite....

pfft!

US consumer demand is starting to revive. The increase was concentrated in a big jump in America’s foreign oil bill from higher volume and world prices.

All that means is the FALLING DOLLAR JACKED UP the COST OF OIL!

Oh, man, the DECEPTIVENESS of the AmeriKan MSM!!!

Still....

pfft!

In a positive sign....

Exports rose.... an increase that offered hope for the country’s manufacturing sector that foreign markets are starting to revive.

I thought you said they were?

Aaaaaaarrrrgggghhhhh!!!!!!!!!!

--more--"

Had enough HOPE, 'murkn?

I'm sure this will help a whole pile:


"MassMutual cuts additional N.E. jobs" by Todd Wallack | August 13, 2009

MassMutual Financial Group said it has made another round of layoffs within its New England workforce and may let go even more employees next month. Since April, the financial giant has let go of more than 300 workers in New England, or about 5 percent of its workforce. Spokesman Mark Cybulski said the Springfield-based company is considering cutting as many as 185 additional jobs by September.

Cybulski said MassMutual launched an initiative in the spring to streamline the company’s operations and ensure it has the right people in positions to compete as effectively as possible. “We continue to make staffing adjustments that are aligned with or support this initiative,’’ Cybulski said. The firm has roughly 6,000 workers in Springfield and Enfield, Conn. MassMutual reported a $1.1 billion loss in 2008, primarily because of investment losses, while operating earnings fell 40 percent to $1.3 billion.

That's why your healthcare premiums are shooting through the stratosphere, Bay-Staters.


--more--"
Related:
The M&M's of Madoff

Of course, the economy is getting better.

"Workers adding to 401(k)s again" by Associated Press | August 13, 2009

US workers are again embracing 401(k) plans after the market meltdown and recession left many unable or unwilling to set aside some of their pay for retirement, according to Boston-based Fidelity Investments, the largest workplace savings plan provider....

"So bring your money back to us, please! -- Fidelity's self-serving, looting adulterers.

--more--"

Two things, Americans:

Either this is a MSM lie or you are a bunch of suckers.


Here's where that pension money is going
:

"TA Associates raises $4b buyout fund" by Beth Healy, Globe Staff | August 13, 2009

The Boston private equity firm TA Associates said it has raised $4 billion for its 11th fund, to invest in technology, financial services, health care, and consumer companies....

--more--"

Wow! Somehow VENTURE CAPITAL can ALWAYS come up with BIG DOUGH!

Related: VenCap Vroom-Vroom