I'm not talking about unemployment, I'm talking about computer services, computer sales, I'm not seeing any increase in computer business.
--- On Sat, 1/30/10, Geoff <[email protected]> wrote: > From: Geoff <[email protected]> > Subject: RE: [OT] GDP Soars 5.7% > To: "'ProFox Email List'" <[email protected]> > Date: Saturday, January 30, 2010, 1:05 AM > Unemployment is a trailing indicator. > It takes 6-9months for unemployment to > pick up on economic growth. > > -----Original Message----- > From: [email protected] > [mailto:[email protected]] > On Behalf > Of Publius Maximus > Sent: Saturday, 30 January 2010 1:30 PM > To: ProFox Email List > Subject: Re: [OT] GDP Soars 5.7% > > On Fri, Jan 29, 2010 at 7:35 PM, Michael Madigan <[email protected]> > wrote: > > I'm still slow as crap here, so I wonder how they > arrived at these > numbers. > > Inventory manipulation. That's why the market was ho-hum. > The proof in > the pudding will be the jobless rate & wages. > > But even so, if you take the totality of what Obama *wants* > to do, if > he's successful with it, he will surely choke off economic > recovery. > > I like how now all of a sudden he's touting fiscal > conservatism and > tax cuts. But, as he noted, it's "just words, just > speeches..." > > - Publius > > > > > --- On Fri, 1/29/10, geoff <[email protected]> > wrote: > > > >> From: geoff <[email protected]> > >> Subject: RE: [OT] GDP Soars 5.7% > >> To: "'ProFox Email List'" <[email protected]> > >> Date: Friday, January 29, 2010, 5:50 PM > >> Never let a good piece of news go > >> unpunished right??? > >> > >> -----Original Message----- > >> From: [email protected] > >> [mailto:[email protected]] > >> On Behalf > >> Of Publius Maximus > >> Sent: Saturday, 30 January 2010 12:30 AM > >> To: ProFox Email List > >> Subject: [OT] GDP Soars 5.7% > >> > >> http://bit.ly/9osPSw > >> > >> - - - > >> WASHINGTON (Reuters) - The economy grew at a > >> faster-than-expected 5.7 > >> percent pace in the fourth quarter, the quickest > pace in > >> more than six > >> years, as businesses reduced inventories less > aggressively, > >> the > >> Commerce Department said on Friday. > >> > >> The first estimate put fourth-quarter gross > domestic > >> product growth at > >> its fastest pace since the third quarter of 2003. > The > >> economy expanded > >> at a 2.2 percent annual rate in the third > quarter. > >> > >> Analysts polled by Reuters had forecast GDP, which > measures > >> total > >> goods and services output within U.S. borders, > growing at a > >> 4.6 > >> percent rate in October-December period. > >> > >> Growth was boosted a sharp slowdown in the pace > of > >> inventory > >> liquidation, a factor that could mask the strength > of the > >> economic > >> recovery from the longest and deepest downturn > since the > >> Great > >> Depression. > >> > >> But even stripping out inventories, the economy > expanded at > >> an annual > >> rate of 2.2 percent, accelerating from the 1.5 > percent > >> increase in the > >> third quarter, reflecting relatively strong > performance > >> from other > >> segments of the economy. > >> - - - > >> > >> A curious bunch of details in this explanation. > >> > >> The economy, still mostly driven by the private > sector > >> (even though > >> the current government is intensely hostile to it, > and is > >> scheming all > >> kinds of ways to kill it and take it over), was > always > >> eventually > >> going to turn around -- with or without > artificial > >> "stimulus." > >> > >> Those of you inclined to pull an "I told you so" > out of > >> this in > >> defense of the Administration should be cautious. > Now we > >> will see what > >> happens when the inflation genie is let out of the > bottle. > >> The banks > >> have been sitting on all that fiat money for this > kind of > >> sign to > >> start pumping it out. This will certainly force > the Fed's > >> hand on > >> interest rates. > >> > >> And then things will get interesting. > Predictions: > >> > >> - This number will surely be revised downward > next > >> go-round; > >> - Interest rates will rise; > >> - The dollar carry trade bubble will pop; > >> - A double dip depression is in the works; > >> > >> Keep in mind also: > >> > >> http://bit.ly/9cjiFA > >> > >> - - - > >> WASHINGTON (AP) -- Wages and benefits paid to U.S. > workers > >> posted a > >> modest gain in the fourth quarter, ending a year > in which > >> recession-battered workers saw their compensation > rise by > >> the smallest > >> amount on records going back more than a > quarter-century. > >> > >> The Labor Department said that wages and benefits > rose by > >> 0.5 percent > >> in the three months ending in December. For the > entire > >> year, wages and > >> benefits were up 1.5 percent, the weakest showing > on > >> records that go > >> back to 1982. > >> > >> The anemic compensation gains have raised concerns > about > >> the > >> durability of the economic recovery. The fear is > that > >> consumer > >> spending, which accounts for 70 percent of > economic > >> activity, could > >> falter if households don't have the income growth > to > >> support their > >> spending. > >> - - - > >> > >> Me thinks this is more of a gasp than a breath of > new life. > >> Even if it > >> is a new sign of life, cap & trade, and the > regulations > >> under > >> consideration in Congress, coupled with the attack > on the > >> banks the > >> Admin is waging to help Zero's sagging poll > numbers, will > >> choke it > >> off. > >> > >> Obama will get a bump in the polls because of the > surface > >> level > >> interpretation that the media will run with, since > they're > >> so invested > >> in his image. > >> > >> Things will get interesting after that. > >> > >> - Publius > >> > >> -- > >> > >> "It ought never to be forgotten, that a firm union > of this > >> country, > > > >> under an efficient government, will probably be > an > >> increasing object > >> of jealousy to more than one nation of Europe; and > that > >> enterprises to > >> subvert it will sometimes originate in the > intrigues of > >> foreign > >> powers, and will seldom fail to be patronized and > abetted > >> by some of > >> them. Its preservation, therefore ought in no case > that can > >> be > >> avoided, to be committed to the guardianship of > any but > >> those whose > >> situation will uniformly beget an immediate > interest in the > >> faithful > >> and vigilant performance of the trust." > [Federalist Papers[excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
