This is more of what I am talking about. The title line suggest everything is improving but then you read a little further and your left wondering who
they are trying to fool! This is an example:
US: Fed survey finds housing, manufacturing improvements drive early stages of recovery.
finance.yahoo.com...
"WASHINGTON (AP) -- Improvements in housing and manufacturing are driving the early stages of the U.S. economic recovery, according to a Federal
Reserve survey released Wednesday."
But then you start to read the story:
The Fed's latest snapshot of business conditions nationwide found "many sectors" of the economy either stabilized or logged modest improvements
over the last six weeks. The pickups, though, often were from "depressed" levels of activity.
Remember that I showed how the improvements are being made in my OP. Through layoffs and expansion into international markets rather than here in the
U.S.
"Still, the new report adds to evidence that a recovery has started from the worst recession since the 1930s."
An $8,000 credit for first-time homebuyers boosted the housing sector. There's been concern among private economists and some lawmakers that recent
gains in housing will fizzle out when the credit ends. It is slated to expired Nov. 30, although some in Congress are mulling an extension.
Both housing and manufacturing continued a "pattern of improvement that emerged over the summer," the Fed observed.
By contrast, the Fed said weakest link in the recovery was commercial real estate. Conditions were described as "either weak or deteriorating"
across all 12 regions surveyed.
Consumer spending also remained weak, the Fed said.
Consumers, whose spending accounts for about 70 percent of economic activity, are expected to stay cautious given rising job losses, stagnant incomes
and hard-to-get credit.
"Reports of gains in economic activity generally outnumber declines, but virtually every reference to improvement was qualified as either small or
scattered," the Fed survey said.
They are so full of $**t! Tell me something, if "consumers account for 70 percent of economic activity" and these other stories are true
23 states report higher unemployment in September.
Home values are predicted to fall in 342 out of 381 markets in the next year, according to a new forecast.
The Mortgage Bankers Association said its index of mortgage application volume fell 13.7% in the week ended Oct. 16 from the prior week.
Oil hits $82 per barrel as dollar plunges.
Foreclosure Epidemic Reaching More Expensive Homes.
Just exactly who are they expecting to consume? They are planning tax increases to pay for their "bail outs". They are concidering more bailouts.
This is a joke. No doom and gloom, the economy is going down! get ready folks.