“We’re seeing these brief glimpses of hope, and then we’re kind of falling back into reality.... For most people, it’s going to feel like the recession isn’t over.... and large corporations are sitting on growing stores of cash. ’’
Falling back into something.
"Consumer confidence plunges despite rise in corporate profits; Concern over jobs, poor wage growth fueling pessimism" by Anne D’Innocenzio, Associated Press | July 28, 2010
NEW YORK — The disconnect between Wall Street and Main Street is growing.
Americans’ confidence in the economy faded further in July, according to a monthly survey released yesterday, amid job worries and skimpy wage growth. That’s at odds with Wall Street’s recent rally fueled by upbeat earnings reports from big businesses such as chemical maker DuPont Co. and equipment maker Caterpillar Inc.
That’s because the pumped-up profits are being fueled by cost cuts such as layoffs and overseas sales....
In other words, America, you have been taken to the cleaners by corporations.
Also see: Drop in US consumer confidence may be potential trigger for market rally
Or not.
DuPont, which has announced thousands of job cuts over the past year, reported that second-quarter income nearly tripled, as revenue surged in most of its businesses. The results were led by revenue gains in the Asia Pacific region. DuPont didn’t announce any hiring plans.
A rapid, sustainable recovery can’t happen without the American consumer....Yeah, you are the ones who are going to be blamed for the failed recovery, foreclosed-upon and unemployed America. After all the looters did to position you for recovery and you blew it.
--more--"
Also see: MASS. MOVERS Waters’ profit rises 21%
And if you blinked you missed the mirage of recovery.
"Economists paint gloomier picture; Many see weaker growth but feel recovery on track" by Jeannine Aversa, Associated Press | July 29, 2010
WASHINGTON — Yet despite their expectation of slower growth, a majority of the 42 economists surveyed believe the recovery remains on track, raising hopes that the economy can avoid falling back into a “double-dip’’ recession....
We never came out of it; it is what history will record as the GRAND DEPRESSION that led to AmeriKa's undoing.
The weak economy leaves Democrats and Republicans on Capitol Hill vulnerable as they head into the November midterm elections. Democrats, who now control both chambers, have the most to lose. The gloomier outlook is also a liability for President Obama....
And we are going to see as many as we can in the unemployment line after November.
ALL INCUMBENTS OUT, and let the chips fall where they may.
GETTING the MESSAGE yet!?
Ready for a MIXED ONE?
"Investment in durables picking up; Business spending called bright spot" by Timothy R. Homan, Bloomberg News | July 29, 2010
WASHINGTON — Business investment in the United States picked up in the second quarter, helping sustain the economic recovery, June data on durable goods showed yesterday.
Orders for nonmilitary capital equipment excluding aircraft climbed 0.6 percent last month after jumping 4.6 percent in May, more than previously reported, figures from the Commerce Department showed in Washington. Sales of such gear, used in calculating gross domestic product, also rose.
You know why you just heard that flushing sound.
“Business investment remains the bright spot in an otherwise dull economic outlook,’’ said Jay Feldman, an economist at Credit Suisse in New York. “Corporations have actually underinvested quite dramatically in recent years and, to some extent, we are catching up.’’
Eaton Corp. is among manufacturers benefiting from a pickup in demand as companies in the United States and abroad update equipment. The gains will partially compensate for a slowdown in consumer spending that is causing the world’s largest economy to cool heading into the second half of the year....
--more--"Let's see if you can keep the lies straight.
And what would a Boston Globe be without buts?
"N.E. economy is growing, but unevenly" by Robert Gavin, Globe Staff | July 29, 2010
.... but.... but.... Despite.... but.... but.... but....
Did I miss any?
--more--"
Cape is making an economic comeback
Mass. June home sales hit 4-year high
Fewer homeowners are ‘underwater’
Also see:
Things Are Tough All Over in Massachusetts
Home sales slump 5.1 percent in June
WASHINGTON — The number of people continuing to collect unemployment benefits rose....
Then there IS/WAS/HAS BEEN NO RECOVERY!
Initial jobless claims reflect weekly layoffs and tend to fall as job growth accelerates. That relationship has broken down in recent months....
Or we have been LIED TO, readers!
Oh, well, I'm glad he cleared that up.
--more--"
"Manufacturing posts year of growth; July production, new orders up" by Tali Arbel and Martin Crutsinger, Associated Press | August 3, 2010
WASHINGTON — It’s a rare bright spot in an otherwise troubled economy: The nation’s manufacturing sector has now grown for a solid year, and more of its companies say they are ready to hire....
I'm sick of reading the same pile of lying s***, sorry.
Manufacturing growth has cooled for the past three months, but most of that was expected. The industry experienced strong growth last year because companies were replenishing their stockroom shelves after the recession.
Manufacturing accounts for about one-fifth of US economic activity, so it can’t carry the recovery on its own. But at a time when the housing market, consumer spending, and other sectors of the economy are limping along, any sustained growth is welcome news.
Yeah, any time you can point to a pile of bulls*** and call it a bed of roses is good for agenda-pushing crappers of government and MSM.
The service sector, which employs 80 percent of Americans, has lagged as high unemployment has made people nervous about spending money....
Yeah, PLEASE REMEMBER that about the SERVICE SECTOR, 'kay?
--more--"
"Job market brightens as service sector grows" by Tali Arbel and Martin Crutsinger, Associated Press | August 5, 2010
WASHINGTON — Job prospects are looking just a little brighter.
The service sector, which makes up 80 percent of the economy, grew for the seventh month in a row....
But LAGGING growth, huh?
Is it any wonder I feel the way I do about the PoS newspapers of AmeriKa?
Of course, the job market still has a long way to go.
Pffft!
A key employment report due out tomorrow is expected to show the nation actually lost jobs in July....
The news from the service sector and Capitol Hill yesterday seemed to satisfy investors....
And by now you know they are the only ones that matter.
Wall Street’s reaction is not so much a sign of confidence in the recovery as a sigh of relief. Weeks of dismal reports have suggested the rebound had slowed....
Well, hey, if Wall Street is relieved then we all should be!
NEW YORK — Americans may be fond of the Web, but they are still in love with their TV sets — and so are the advertisers who want to reach them.
Big media companies are riding a rebound in TV ad spending....
The companies’ results this week offer one encouraging data point for economic prognosticators.
If there is a kernel of corn in turd the Globe will find it.
It means businesses have the money to spend on commercial time again. And they are more confident that consumers will have the money to respond to their ads at shopping malls and car dealerships....
NOT WITHOUT JOBS!
NOT with FORECLOSURES flying through the ROOF!
Still, ad spending is sensitive to the broader economy, which has been flashing mixed signals....
So that is that MSM smell, huh?
For Viacom, which is controlled by 87-year-old billionaire Sumner Redstone, the increase in spending has led to a full year of rising profits....
Need I mention the religion?
--more--"
"Slow retail sales cloud outlook; Wary shoppers staying cautious, seeking bargains" by Anne D’innocenzio and Christopher S. Rugaber, Associated Press | August 6, 2010
Economists were disappointed by the numbers.
Without more jobs, Americans are likely to remain cautious with their spending, restraining the economic rebound, they said. But without more spending, companies will probably be slow to hire.
“To break out of this, we need both employment and consumption to come up together,’’ said Nigel Gault, an economist at IHS Global Insight in Lexington, Mass.
Today the government will release its snapshot of the nation’s job market for July, and no one expects anything strong. Private companies are expected to have added 90,000 jobs for the month, not nearly enough for healthy economic growth.
The overall figure is expected to show a loss of 65,000 jobs for July....
“With limited hiring by the private sector, it is becoming increasingly difficult for the recovery to be sustained,’’ said Andrew Gledhill, an economist at Moody’s Economy.com.
In a reminder of how weak the job market is, the government said yesterday that first-time claims for unemployment benefits rose last week to their highest level in four months.
Claims rose by 19,000 to a seasonally adjusted 479,000.
That is FIRST TIME CLAIMS, folks!
Analysts had expected a small drop. Claims have now risen twice in the past three weeks.
Translation: They either DO NOT KNOW what they are talking about or are FABULOUS LIARS, take your pick.
Either way, I know I have STOPPED LISTENING to them and stopped reading them in the Boston Globe.
Initial jobless claims because they are considered a gauge employers’ willingness to hire.
Shoppers are buying items closer to when they actually needed to use them — a phenomenon known in the clothing industry as “buy now, wear now.’’ To make up for it, stores are “going to have to be very promotional all the way through,’’ said Ken Perkins, president RetailMetrics.
Which means more TV ads, right?
--more--"
"Job market appears to lose steam; Latest reports raise fresh anxiety about strength of recovery" by Robert Gavin, Globe Staff | August 7, 2010
The national job market sputtered in July as companies continued to hire cautiously and tens of thousands of discouraged workers gave up looking for employment, dropping out of the labor force, the US Department of Labor reported yesterday.
Hello, readers!
The stubborn weakness in the job market raises new concern about the fragile recovery and about what policy makers can do to reenergize the struggling economy, analysts said....
I think it is time to stop asking those a**holes; that is why we are in this mess in the first place.
Most economists estimate that the national recession ended about a year ago, but the recovery, which showed signs of accelerating earlier this year, has slowed in recent months....
These are the SAME economists that HID the beginning of the Grand Depression for 18 months then popped it out in October so Obama was assured election.
The Federal Reserve, which has already cut its key interest rate to nearly zero, has other stimulus tools, such as buying Treasury bonds and mortgage-backed securities, which would pump more money into the economy and reduce long-term interest rates.
That DIDN'T WORK the LAST TIME because we are RIGHT BACK WHERE WE WERE after you guys 'saved" the economy!
The Fed ended such purchases earlier this year, when the economy appeared to be rebounding, but some analysts say the central bank may resume them....
Nothing like sticking to the SAME FAILED STRATEGIES, 'eh, America?
--more--"
Related: Fed official hints at growing fear of deflation
Fed’s stimulus steps don’t excite traders
"Stocks plunge, hopes wane; Analysts predict a long stretch of little gain" by Beth Healy, Globe Staff | August 12, 2010
Stocks sank yesterday, pulling major indexes into the red for the year and bolstering prominent investors’ warnings that the market may be entering a long period of malaise.
The Dow Jones industrial average fell more than 265 points, or 2.5 percent, as investors grew anxious about the weak economic recovery in the United States and in Asia. The stock market may be shifting to painfully modest returns, these investors say, as the economy struggles to overcome the damage of the financial crisis.
After a YEAR of GROWTH?
Pffft!
Former Harvard University endowment chief Mohamed El-Erian calls this outlook the “new normal’’ and predicts at least two years of lackluster stock gains. Jeremy Grantham, a Boston investment manager renowned for his pessimism, is calling for “seven lean years.’’
Say goodbye to your empire and way of life, America.
********
Yesterday’s drop in the Dow, the biggest since late June, came a day after the Fed announced measures to keep interest rates low and stimulate spending.
In other words, the FED'S LIES NO LONGER MATTER!!
The gloom comes despite the fact that many businesses have been reporting stronger profits and large corporations are sitting on growing stores of cash. But other indicators are less promising: Consumer confidence is only middling, new jobs are still hard to come by, and banks are only sparingly lending to small businesses, which further holds back hiring.
Related: Fewer seek loans, despite low rates
If you don't have a job they ain't giving you a loan!
More: Productivity declines unexpectedly as US workweek lengthens
Overworked slaves unhappy?
While doomsayers are warning of a double-dip recession, a more likely scenario, other analysts say, is that the signs earlier this year of a strengthening economy and rebounding stocks will give way to a period of slower activity and choppy stocks.
Translation: Don't listen to those "doomsayers" who have been telling you the truth the while time.
Listen to the s*** MSM that perpetually lies to you, America!!
PFFFFFFFFFT!!!
“We’re talking about two to three years, where, relative to what you would have expected, growth will be disappointing,’’ said El-Erian, now chief executive of the California fund manager Pacific Investment Management Co., better known as PIMCO. “Unemployment will be consistently high, credit will continue to decline, and politics will become as important as economics.’’
That’s tough news for retirement investors, who just lived through a decade of zero gains and have been looking ahead to better times....
As were the rest of us, you god-damn liars!!!!!!!!!!!!!!!
--more--"
WASHINGTON — The United States is selling fewer products around the world and spending more on cheap imported goods, an imbalance that hurts the job market at home and means the economy is weaker than previously thought.
Or you were being LIED TO, America!! Take your pick!!!!
The trade deficit of nearly $50 billion for June is the biggest in almost two years, and economists fear that economic growth for the second quarter, which came in at a sluggish rate of 2.4 percent in early estimates, may turn out to be half that.
How are you LIKING the LIES, readers?
Un-flipping-believable, huh?
“The problem is that to the extent we have a recovery in the United States, it is pulling in a lot of imported goods. That means it is not translating into production and jobs at home,’’ said Nigel Gault, chief US economist at IHS Global Insight, a Lexington, Mass.-based consultancy....
And here we were told above how GREAT MANUFACTURING was!!!
The manufacturing sector has been a bright spot in an otherwise sluggish recovery, and if manufacturers have a hard time finding places to sell their products overseas, it could weaken the broader economy.
While US manufacturers have reported increased demand from Asia, exports to Europe are falling behind as that region struggles with its debt crisis.
Trade figures show the United States can’t rely on overseas demand to make up for its own weak economy, said Paul Dales, at Capital Economics.
So much for globalization, Americans -- and now all your factory and IT jobs are nearly gone!
Manufacturers also have to contend with businesses that have replenished their stocks and can afford to cut back orders.
J.P. Morgan warned investors this week that PC orders, for example, are “falling off a cliff.’’Yeah, Americans have been in free-fall for years.
--more--"
"Job openings fall 2d straight month; Slow hiring is huge hurdle as numbers remain far below prerecession levels" by Christopher S. Rugaber, Associated Press | August 12, 2010
WASHINGTON — Company job openings fell for the second straight month in June, a sign that hiring is not likely to pick up in the coming months.
The data come after a weak employment report Friday that showed businesses are not adding enough new workers to bring down the unemployment rate, currently 9.5 percent.
Which means it is a lot higher.
Yesterday’s report, known as the Job Openings and Labor Turnover survey, or JOLTS, suggests that will not change soon....
That is kind of a JOLT to you isn't it, Americans?
The Labor Department says job openings at businesses fell to 2.54 million in June from 2.6 million in May. Overall openings were unchanged, at 2.9 million, as government openings ticked up. The figures have been distorted in recent months by the ending of hundreds of thousands of temporary census jobs.
NO KIDDING?!?!
The report illustrates the level of churn in the job market....
The recession that began in December 2007 has not officially been declared over, but most economists believe the recovery began in July 2009....
Whatever.
Yesterday’s report also illustrates how much competition there is for those jobs that are available. There are now five unemployed workers, on average, for each available job. That compares with about 1.8 per opening when the recession began....
If that is true why are hundreds lining up for positions?
Also see: The Boston Globe's Unemployable Insults
The Boston Globe Says Trash-Picking is a Career
Final Insults: Job Market
Also see: The Boston Globe's Invisible Ink: Jobs Gone Forever
What do you know?
More lies, omissions, and obfuscations from the Globe's business press.
--more--"
Related: Job-screening tactics draw critics
Don't worry, the Globe will tell you how to get that job!
"Farming surges in state with new crop of devotees" by D.C. Denison, Globe Staff | August 2, 2010
DRACUT — After decades of decline, farming is resurging across the state. New farmers are graduates fresh out of college, immigrants with farming backgrounds, or former professionals starting second careers. Many begin as part-timers while hanging on to day jobs to supplement their incomes.
Those looking to make a new living from tilling the soil begin at training programs run by the state, universities, or nonprofit organizations — and the skills they learn have as much to do with running a business as with harvesting a crop.
Yup, thank God the state is there to show you how to do everything.
In Massachusetts, where farmland is scarce, most lease their acreage from the state, private owners, nonprofits, or farmers with more space than they can cultivate....
Anybody smell some AGENDA-PUSHING FERTILIZER!!?
It is still a challenging way to make a living....
And a far cry from drinking coffee and watching TV in the Globe newsroom.
--more--"
"A hot tip: Buy low, sell sugar high; Former financial wiz now trades in a new commodity: cupcakes" by Jenn Abelson, Globe Staff | August 1, 2010
NEEDHAM — It was 11 a.m. on Monday, and David LaLiberte, once the head trader for what was once the world’s largest mutual fund, was worrying about cupcakes....
So far, LaLiberte has managed to pull off the transformation from finance guru to cupcake king....
But....
But....
Oh, readers, the Globe tastes like s***.
“It’s a completely different creative job market,’’ said David Honig, managing director at MarketSearch, a Boston-based recruitment firm specializing in marketing and advertising jobs. “This is definitely the wave of the future.’’
According to Honig, such self-promotional campaigns are increasingly appearing along with — or in place of — traditional resumes. He has seen applicants craft resumes that resemble press releases. Another used Facebook connections to land a six-figure job.
Yeah, it is SO EASY, America!!!!
“It’s not a passive job search in any way, shape or form, so the more creative you can be and the more you can stand out, the better success you’ll have,’’ Honig said.
In March 2009, Jamie Varon was just another college graduate searching for a job in San Francisco. She dreamed of working for Twitter, but a recommendation from a Google employee and a personal delivery of cookies to the Twitter offices hadn’t yielded so much as a phone call. So she did what any creative 23-year-old would do: She started a blog.
Yeah, I love wrapping up a PoS post with an ELITIST INSULT!
“I thought, what’s the only way to get noticed?’’ said Varon, 25. “I didn’t know how else to get attention. I just thought, ‘Twitter should hire me — dot-com.’ ’’
That night, Varon sat down to design twittershouldhireme.com, sending out an inaugural tweet at 6 a.m. By the afternoon, the site had gone viral.
“I didn’t expect the response I got at all,’’ she said. “It was a perfect example of how Twitter is a medium for getting attention.’’
More MSM promotion for Twitter, huh?
All the more reason to distrust it.
Besides, it is bloggers like me whose MATERIAL is behind the TWEETS!
140 characters of concision mean you rally can't say anything.
Better those than a blog that can delve deep into an issue or analysis.
Also see: Boston Globe Job Market
Hope to see them in an unemployment line soon.
