Unemployment is lower than expected, and retail sales rose unexpectedly, and the market is down 200 points... what is it that has Wall Street so down?!?!?!
In my opinion, a lot of it has to do with confidence....or lack of it. I believed that confidence was what what took the stock market to unrealistic highs and the lack of confidence that we are seeing right now, will likely take the stock market significantly lower.
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: Economic news...
The stimulus bill is giving the market some serious confidence . I have been reading about the housing market and the unemployment and wonder if things are trying to level off? Makes me question the urgency to pass the stimulus bill so quickly.
It is all about passing the pork, by scaring the masses, calling it an emergency. Since only 3% is immediate, what"s the rush???? Hmmmm can you say, "pork pay back for votes". AS I type, Pelosi and crew are pissed and want the bill to wait till tomorrow. They are P.O.ed that some of the pork was taken out. Gawd, two years cannot come quick enough.
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals dont believe in either of them.
The stimulus bill is giving the market some serious confidence . I have been reading about the housing market and the unemployment and wonder if things are trying to level off? Makes me question the urgency to pass the stimulus bill so quickly.
I'm not seeing that. What is showing that the market has confidence? We'll see about the housing market and unemployment. My prediction is that they both will get a lot worse before they get better.
I deduce that people with skin in the game don't think the stimulus package is gonna' get 'er done. I read an article on continuing declines of crude oil prices that surmises the continued decline in crude oil prices is directly caused by the lack of confidence that the Obama Economic Recovery Act is going to function as advertized.
My understanding is that the plan to spend the money has not been laid out in anything other than vague general terms. The country is promised details and when they don't come, confidence goes down.
Location: land of the Lilliputians, In the state of insanity
Posts: 24,185
RE: Economic news...
Quote:
ORIGINAL: cascadedad
Quote:
ORIGINAL: burniegoeasily
The stimulus bill is giving the market some serious confidence . I have been reading about the housing market and the unemployment and wonder if things are trying to level off? Makes me question the urgency to pass the stimulus bill so quickly.
I'm not seeing that. What is showing that the market has confidence? We'll see about the housing market and unemployment. My prediction is that they both will get a lot worse before they get better.
It was ment more as a joke. A jab at all those who said the market rallied after the election due to Obama winning. Take some of what I post with a grain of salt. I admit Ive got some built up bitterness
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kaafir mushrik
Unintended consequences and God have one thing in common: Liberals dont believe in either of them.
Again, jobless claims were not lower than expected. They just weren't. The revised numbers were slightly different from the initial totals, but they almost always are. And the seasonally adjusted totals were still higher than what was expected.
I just think that we're sitting here fooling ourselves if we think the economy is getting ready to rebound because initial jobless claims in January were "only" 630,000 instead of 640,000.
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Politics, it seems to me, all too long, has been concerned with right or left instead of right or wrong. ~Richard Armour
Economic news...
