Of course, I'm really bumming about the Boston Globe these days.
"Refinancing boom, but little lift for economy; Borrowers savor low rates but tend to save, not spend" by Robert Gavin, Globe Staff | September 12, 2010
Homeowners are flocking to refinance their mortgage loans at record low interest rates, but unlike past refinancing waves, few are using their homes like ATMs and cashing out to buy cars, take vacations, or remodel, according to mortgage bankers and economic statistics.
This newfound frugality represents a sea change in how Americans have viewed their homes in recent years, when rising values provided a ready source of borrowed money to support spending....
You mean that might actually want to keep the one thing that makes life bearable?
Yeah, I'm sick of the insults.
Not only do I not spend because I don't have disposable cash (didn't buy a Globe today and won't) but even if I did I wouldn't spend because that is what the agenda-pushers want.
Related: New Downtown Crossing hot spots serve up hope
And we all know what Boston Globe hope smells like, right?
For the ambitious, entry-level jobs are far from a dead end
It’s still a tough labor market, but the outlook is improving
Heavy load for a Sunday shit-shovel, isn't it?
"Double-dip recession fears ease; Jobless claims, trade gap narrow" by Martin Crutsinger and Jeannine Aversa, Associated Press | September 10, 2010
WASHINGTON — No, the economy isn’t roaring ahead. And no, companies aren’t making lots of job offers. But a fresh batch of economic data yesterday at least eased summertime fears that the economy might be on the brink of another recession.
Sigh. Whatever.
Far fewer people applied for unemployment aid last week, suggesting layoffs are easing. And the nation’s trade deficit narrowed in July, thanks to a bigger appetite overseas for American exports.
Other recent data support the notion that the economy, while growing only fitfully, is at least not in danger of stalling:
■ Hiring by private companies over the summer turned out to be better than expected. The pace still isn’t enough to bring down high unemployment, but it indicates economic expansion.
■ Stock prices have staged a September rally and put the Dow Jones industrial average back about even for 2010. Stocks posted their sixth gain in the past seven days yesterday, a sign of rising investor confidence.
■ Drivers are benefiting from lower gas prices, which are expected to keep falling because the summer driving season has ended with plentiful supplies in storage.
Related: Gas, Gold, and Garbage
■ Shoppers are enjoying discounted prices in stores and have helped lift retail sales. Analysts think stores will continue to discount to get shoppers to spend this fall and for the holiday season.
Analysts say they think the economy will continue to plod along in the coming months. The economy will grow, though too weakly to create many jobs for the nearly 15 million unemployed Americans.
Then THERE WAS NO RECOVERY and this is all Boston Globe Business Bulls***.
The last time the nation suffered something like a double-dip recession was in 1980 and 1981. That period met a generally accepted definition of a double-dip: The economy shrinks, starts growing again, then shrinks again for at least six months....
Yeah, these are the SAME PEOPLE who HID the RECESSION for TEN MONTHS and then as soon as we were in one -- technically! -- then we were COMING OUT OF ONE!
Stimuloot was a waste of tax dollars just so the government and MSM could claim we came out of it.
The FACT IS this period will be recorded by history as the GRAND DEPRESSION and the DESTRUCTION of the AmeriKan Empire!
The bankers who have controlled your economy for the last 100 years really did a great job as they all got rich, huh?
Yesterday’s data added to confidence that the economy will keep growing slowly and eventually lead to more job creation.
We have been HEARING that BULLSHIT for MONTHS and YEARS NOW!!
Still, some economists warn that despite the latest encouraging data, the threat of a double-dip hasn’t been extinguished. Nigel Gault, chief US economist at IHS Global Insight, still estimates the threat of a double-dip recession remains around 25 percent. Mark Zandi, chief economist at Moody’s Analytics, puts the likelihood even higher: 33 percent, up from 20 percent three months ago, before the economy began to decelerate....
I don't like those odds -- especially since they are being made by people who have been wrong every time out.
If a guy keeps betting on the wrong football teams do you keep listening to him?
Do you trust a liar, readers?
If so, you know right where to go:
Hope you enjoyed it.
