Didn't hear much about that, did you, 'murkn?
"Consumer sentiment more upbeat; Job losses dropping, sales running higher" by Courtney Schlisserman, Bloomberg News | September 12, 2009
WASHINGTON - A Labor Department report showed prices of goods imported into the United States rose in August for the fifth time in six months, led by petroleum costs.
--more--"
I suggest you read this post, readers.
Your DOLLAR is WORTH LESS, 'murka -- THAT is why you have INFLATION!
Of course, the GLOBALISTS who are WRECKING YOUR DOLLAR on you think it is GREAT!
"Trade data show recession fading; Figures suggest job market mired" by Christopher S. Rugaber, Associated Press | September 11, 2009
WASHINGTON - American companies have been hampered by a drop in demand at home and overseas as the recession that began in the US spread worldwide. But economists hope that a rebound in global economies and further weakening in the value of the dollar will boost exports in coming months. A weaker dollar makes US products less expensive overseas.
Yeah, and it means PRODUCTS at HOME are MORE EXPENSIVE!!!
Why do they CONSTANTLY LEAVE THAT OUT?!!!!
So far this year, the deficit is running at an annual rate of $355.5 billion, about half of last year’s total. Economists believe the deficit will keep rising, reflecting stronger growth in the United States and rising oil prices....
That's unsustainable, 'murkn. They are going to BREAK the BUCK on you!!!!
The ending of the recession is reviving global trade, increasing US imports by a record amount in July and boosting foreign demand for American goods for a third straight month. Although the job market remains a long way from recovering, first-time claims for unemployment benefits fell more than expected last week, offering some cause for optimism.
Then there IS NO RECOVERY if there ARE NO JOBS!!!
And the reason the rate fell is because
"In fact, the main reason the unemployment rate declined last month was because hundreds of thousands of people, some discouraged by their failed job searches, left the labor force"
Hi, howyadoin, I've been here for around a year now.
The jump in imports could be a sign that consumer spending is recovering, economists said. That is good news because such spending accounts for 70 percent of economic activity.
“Domestic demand has picked up now that we have shifted from recession to recovery,’’ Bernard Baumohl, chief economist for the Global Outlook Group, said in a note to clients.
You know, just SHADDUP!!!
The Commerce Department said yesterday that the trade deficit rose 16.3 percent to $32 billion in July. Economists expected an imbalance of $27.4 billion. Imports rose 4.7 percent to $159.6 billion, the largest monthly advance on records that date to 1992 and the second consecutive gain after 10 straight declines.
If we are IMPORTING EVERYTHING then this economy is s***!
Thanks, globalization, thanks a lot.
The rebound reflected a 21.5 percent spike in imports of autos and auto parts, partly due to increased production at US auto plants owned by General Motors and Chrysler that had been slowed when the companies were struggling to emerge from bankruptcy protection.
Exports edged up 2.2 percent to $127.6 billion. It marked the third straight monthly increase, but left exports well below their record level of $164.4 billion set in July 2008. The export gains reflected big increases in shipments of civilian aircraft, computers, industrial machinery, and medical equipment.
Some economists saw the increased imports as a sign that retailers and manufacturers are rebuilding their inventories, which could lead to greater production. “Eventually the factories have to come back online to restock the shelves,’’ said Carl Riccadonna, senior US economist at Deutsche Bank Securities, which raised its forecast for third-quarter economic growth to 3 percent from 2 percent....
Yeah, but NOT HERE!
They leavin' and going to China or India!
