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Title: Wall Street Jumps on Jobs Data; Oil Falls More
Source:
New York Times
URL Source: http://www.nytimes.com/2011/05/07/business/global/07markets.html
Published: May 6, 2011
Author: THE ASSOCIATED PRESS
Post Date: 2011-05-06 10:24:28 by lucysmom
Keywords: oil, jobs, economy
Views: 45735
Comments: 53
The biggest corporate hiring spree in five years is reversing a weeklong slide in the stock market. Add to Portfolio The government, in its latest snapshot on employment, said the economy added 244,000 jobs overall last month, well above the 185,000 jobs that analysts had forecast. Private employers created 268,000 jobs , the report said. The unemployment rate rose to 9.0 percent from 8.8 percent in part because it counted more people who resumed looking for work. Indexes jumped sharply at the open, with the Dow Jones industrial average rising 131.08 points, or 1 percent. The broader Standard & Poor’s 500-stock index gained 13.72 or 1 percent, while the technology heavy Nasdaq rose 25.81, or 0.92 percent.
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Begin Trace Mode for Comment # 36.
#1. To: Capitalist Eric, A K A Stone, Fred Mertz, Godwinson, go65, war, no gnu taxes, Skip Intro, ferret mike, jwpegler, brian s, mcgowanjm (#0)
Oops, bad news, guys.
You believe everything the propagandists tell you, don't you? They tell you unemployment is 9.X%, and you think we're just doing swell, right? During the Great Depression, unemployment was 25-35%... Our real unemployment rate is currently about 23%, when you strip away all the government manipulations to the numbers. If you were paying attention, this would already be evident. Oh, you don't want to talk about that, let's talk GDP, yes? "Helicopter Ben" Bernanke claims we're growing at around 2%... But again, when you strip away the manipulations, REAL GDP is in the negative territory, and has been so for over ten years... Of course, if you were paying attention, that would have been no surprise... How about INFLATION? "Helicopter Ben" also tells us that inflation is ~2.5%... But a trip to the grocery store will tell you it's a lot higher... Right around 10%, at the moment... In all seriousness, you need to turn off the TV, and start paying attention for yourself... This country is headed over the financial cliff, and there's nobody in D.C. with both the clout and strength, to stop it. That's the truth. And whether you identify yourself with an "R" or a "D" won't mean diddly-shit... It's not about politics, "partisanship" or whatever PC- term you want to use... it's about numbers, economics. In short, we're OUT of money. Our credit-cards are maxxed-out, and we're not even able to make minimum payments. GET IT?
If you want to send Erica into a tizzy...ask him to source his graphs...
Well, DwarF, you're still the forum piece of shit... Here, I'll make it simple, even for a moron like YOU... Right-click on any of the charts, and then click "properties." Or, if you want to educate yourself, go to www.shadowstats.com, and click "Content Index" and then click on "Primers and Reports." Since you argue against his primers and reports, I'd certainly like to see you produce credible evidence to support your viewpoints... But then again, your viewpoint is a bit... distorted.
Toldja...
Right on cue. Funny how that knee jerk thing works.
If shutting down a liar is a "knee jerk thing," then I'm good with that. I put up on MY side, DwarF... Now put up on yours, or STFU. Ping to the forum posters who know shit from shinola about economics.
War: "If you want to send Erica into a tizzy...ask him to source his graphs..." Okay, where is the lie?
#38. To: lucysmom (#36)
He insinuates that I don't source. I do. ALWAYS.
Top • Page Up • Full Thread • Page Down • Bottom/LatestThe government, in its latest snapshot on employment, said the economy added 244,000 jobs overall last month, well above the 185,000 jobs that analysts had forecast. Private employers created 268,000 jobs , the report said.
#17. To: lucysmom (#1)
Oops, bad news, guys.
#18. To: Capitalist Eric, lucysmom (#17)
#21. To: war (#18)
If you want to send Erica into a tizzy...ask him to source his graphs...
#22. To: Capitalist Eric, lucysmom (#21)
#26. To: war (#22)
#31. To: lucysmom, war, A K A Stone, Rudgear, CZ82, jwpegler, harrowup, hondo68, (#26)
Right on cue. Funny how that knee jerk thing works.
#36. To: Capitalist Eric (#31)
If shutting down a liar is a "knee jerk thing," then I'm good with that.
Replies to Comment # 36.
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