January closes on a downbeat note
After all the smoke up the ass?
"Roubini forecasts dismal US growth" by Bloomberg News | February 1, 2010
DAVOS, Switzerland - Nouriel Roubini, the New York University professor who anticipated the financial crisis, said yesterday that the US growth outlook remains “very dismal.’’
Speaking at the World Economic Forum’s annual meeting, Roubini underscored concern that measures to rescue banks and fight the recession may be withdrawn too soon.
Of a Commerce Department report that showed economic expansion of 5.7 percent in the fourth quarter, Roubini said, “I think we are in trouble.’’ More than half of the growth was related to a replenishing of depleted inventories, he said, and consumption was reliant on monetary and fiscal stimulus....
He said that while the world’s largest economy would not relapse into recession, US unemployment will rise from the current 10 percent amid mediocre growth.
“It’s going to feel like a recession even if technically we’re not going to be in a recession,’’ he said.If we are STILL LOSING JOBS then IT STILL IS a DEPRESSION no matter what the liars of Wall Street, government, and MSM tell us.
We are NO LONGER FOOLED and NO LONGER BELIEVE YOU -- and NEVER WILL AGAIN until you STOP LYING TO US!!
Your choice!
--more--"
Related: The Voices Not Heard
From Recession to Depression
Yeah, but don't listen to him!
Holiday, online sales boost UPS profit
One day we are told the holiday was s***ty (sales were down 25% from two years ago), the next great. Take your pick of MSM turds.
A luxury market jump-start
That's not you, is it, readers?
Whirlpool’s quarterly profit doubles
Meanwhile, you are caught up in one, consumer!
"Thermo Fisher’s profit declines 5%" by Associated Press | February 4, 2010
WALTHAM - Thermo Fisher Scientific said its profit fell 5 percent in the fourth quarter, due to a spate of charges related to cost cuts the company says are needed for long-term growth.
The scientific instrument maker’s profit was $273.3 million, or 65 cents per share, down from $287 million, or 67 cents per share, a year earlier....
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Yeah, they STILL MADE MILLIONS!
How did you do, Amurkn?
"Glaxo’s profit soars on vaccine demand
LONDON - GlaxoSmithKline PLC, the world’s second largest drug maker by revenue, reported that its fourth-quarter profit soared by 66 percent, boosted by strong sales of swine flu vaccine and flu medicine.
Related: A $7 Billion Dollar Shot in the Arm
Investigation Chief: Swine Flu Pandemic Was A Hoax
I guess it worked, huh?
And they have the TAXPAYERS to THANK!!!
In the three months ended Dec. 31, Glaxo turned a profit of $2.6 billion, compared with $1.54 million a year earlier.
Thank you, taxpayers of the world!!!
The strong finish pushed full-year profits up 20 percent.
Total vaccine sales were up 30 percent for the year....
Also see: Glaxo's Ghostwriters
Looks like they have someone's balls in their pockets, huh?
Another group that did well and you are sure to love:
"Profits soar for law partners; Cutting jobs, costs helped preserve bottom line at some big firms" by Kit Chellel, Globe Correspondent | February 5, 2010
Senior lawyers at three of Boston’s biggest law firms had their most profitable year ever in 2009, despite widespread job losses in the city’s legal industry.
Bingham McCutchen, Fish & Richardson, and WilmerHale all said they recorded the highest average profits per partner ever in 2009. Meanwhile, some other firms reported better-than-expected financial results.
The results came during a year when more than 200 lawyers and a similar number of support staff at Boston’s five largest firms lost their jobs.
Hey, who cares about them when there is $$$ to be made?
Market insiders say the cuts were intended to protect the profit payments made to senior lawyers, or partners, who are paid based on the a firm’s profits. There is fierce competition among law firms to achieve higher average profit per partner, which can increase because a firm has higher profits or fewer lawyers....
Didn't someone once say kill all the lawyers?
This is why.
“We’ve had our best year ever...’’
“It was a painful year for everyone....’’
Pffft!
Related: A big sell-off makes it clear all is not well
Come full circle since the top of the post, huh?
Check the current DOW
Oh, under 10,000 is it?
