Also see: MSM Dancing Around the Dying Dollar
More obfuscation:
"Amid job losses, confidence drops" by Shobhana Chandra and Bob Willis, Bloomberg News | November 14, 2009
WASHINGTON - Confidence among US consumers unexpectedly dropped in November as the loss of jobs threatened to undermine the biggest part of the economy.
So much for the "experts."
A report from the Commerce Department showed the trade deficit widened in September by the most in a decade as rising demand for imported oil and automobiles swamped a fifth consecutive gain in exports.
That is a LIE!!!!!!!
"US crude supplies are growing"
There is NOT RISING DEMAND, readers; it is a WEAKER DOLLAR that DID THAT!!!
And HOW CAN YOU EVER BELIEVE a LYING AmeriKan NEWSPAPER ever again, huh?
Rising joblessness puts the economy at risk of slipping into a vicious circle of firings and declines in consumer spending that will limit the emerging recovery.
Yeah, the "failure" of the "recovery" is YOUR FAULT, f***ed American consumer!
Related: Here Comes Santa Claus' Sleigh
Gee, the RICH seem to be doing JUST FINE!
The dollar’s 12 percent decline since March and growing demand from Asia and Europe will probably spur exports further, giving factories a lift and making up for some of the weakness among households.
Have you HAD ENOUGH of the INSULTING OBFUSCATIONS, America?
Yeah, BEING a THIRD-WORLD ECONOMY and MAKING PRODUCTS for EXPORT is a GOOD THING!!! Never mind that "weakness among households" because of YOUR S*** DOLLAR, 'murka!
That is why PRICES KEEP GOING UP even as DEMAND FALLS!!!
“Consumers face a lot of headwinds, and rising unemployment is the No. 1 worry,’’ said David Sloan, a senior economist at 4Cast Inc. in New York, whose forecast for confidence was the lowest of economists surveyed. “The recovery, in its early stages, will be led by increases in manufacturing rather than by consumers. Markets in Asia are rebounding quite nicely.’’
Translation: THERE WILL BE NO RECOVERY for YOU, America!!!!!!
See: Massachusetts' Economic Magic (and related links with in)
The US trade gap widened 18 percent to the highest level since January, the Commerce Department said.
Which means it was WORSE!
Imports rose 5.8 percent, the most since March 1993, as the cost of a barrel of crude climbed to the highest level since October 2008 and volumes also rose....
So SUPPLY and PRICE BOTH ROSE?!!!
The MARKET is BROKEN, America!!!!!
You are NOW IN a FASCIST PHASE of ECONOMY whereby the WEALTHY and CORPORATIONS BENEFIT and NO ONE ELSE DOES!!!!!!!
The dollar dropped after the reports, while stocks climbed as higher-than-expected earnings at Walt Disney Co. and Abercrombie & Fitch Co. overshadowed the drop in confidence....
YOUR "market" is BROKE, America!!!
Of course, we can DISMISS this AGENDA-PUSHING SPEW from the "experts" out-of-hand:
Retailers’ results counter confidence report
Related: Walt Disney climbs on surprise profit
Yup, UNEXPECTED DROPS in CONSUMER CONFIDENCE and SURPRISE PROFITS for CORPORATE CONGLOMERATES!
"Wal-Mart, Kohl’s plan aggressive discounting" by Anne D’Innocenzio, Associated Press | November 13, 2009
NEW YORK - Shoppers’ focus on staples such as socks and underwear is driving murky holiday outlooks at Wal-Mart and Kohl’s, even as both posted higher third-quarter earnings yesterday....
Wal-Mart Stores’ price-cutting campaign is bringing more shoppers in the door. But they’re spending less when they get there since the goods are priced lower - because of deflation, especially for meat and dairy items, and discounts designed to bring people into its stores.
Aww, POOR WAL-MART, huh, America?!
MADE PROFIT of your struggling ass, but NOT ENOUGH!!!!
Related: Wal-Mart Making Money Off America's Middle-Class Destruction
Seems to be working out rather well for them, doesn't it?
The price decreases at Wal-Mart helped fuel a second consecutive quarterly decline in sales at US stores open at least a year, a key measurement of a retailer’s health because it excludes the effects of expansion. The company expects sales could continue to decline through the fourth quarter.
But, but, but, but... we are in "recovery!"
A rip-roaring "3.5 percent from July through September" I'm told!!!!
The discounts seem to be working. Wal-Mart Stores Inc.’s profit rose 3.2 percent in the third quarter to $3.24 billion; Kohl’s profit rose 21 percent to $193 million.
But they are hurting because sales are down?
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