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Freepers Still Love war Parody ... Jump / Trump --- van Halen jump "The Democrat Meltdown Continues" "Yes, We Need Deportations Without Due Process" "Trump's Tariff Play Smart, Strategic, Working" "Leftists Make Desperate Attempt to Discredit Photo of Abrego Garcia's MS-13 Tattoos. 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What Happens Inside Gaza’s Secret Tunnels? | Unpacked Hamas Torture Bodycam Footage: "These Monsters Filmed it All" | IDF Warfighter Doron Keidar, Ep. 225 EXPOSED: The Dark Truth About the Hostages in Gaza New Task Force Ready To Expose Dark Secrets Egypt Amasses Forces on Israel’s Southern Border | World War 3 About to Start? "Trump wants to dismantle the Education Department. Here’s how it would work" test "Federal Workers Concerned That Returning To Office Will Interfere With Them Not Working" "Yes, the Democrats Have a Governing Problem – They Blame America First, Then Govern Accordingly" "Trump and His New Frenemies, Abroad and at Home" "The Left’s Sin Is of Omission and Lost Opportunity" "How Trump’s team will break down the woke bureaucracy" Pete Hegseth will be confirmed in a few minutes Status: Not Logged In; Sign In Economy See other Economy Articles 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: 45705 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. Click for Full Text! Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 50. #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) 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. Oops, bad news, guys. lucysmom  posted on  2011-05-06   10:27:06 ET  Reply   Untrace   Trace   Private Reply   #49. To: lucysmom (#1) Oops, bad news, guys. If this is true. Why would it be bad news? A K A Stone  posted on  2011-05-06   20:17:07 ET  Reply   Untrace   Trace   Private Reply   #50. To: A K A Stone (#49) If this is true. Why would it be bad news? It's only bad news to Crazy Eric, who has been predicting the END OF OUR WAY OF LIFE for three years straight now. Skip Intro  posted on  2011-05-06   20:26:02 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 50. #51. To: Skip Intro, A K A Stone (#50) It's only bad news to Crazy Eric, who has been predicting the END OF OUR WAY OF LIFE for three years straight now. Skippy, you and I trade barbs on a regular basis... But I'll set that aside for now, and give you a STRAIGHT answer... no insults of any kind. Tell us, if what you see around you, with regard to what the government is doing, what the economy is doing, what your neighbors or friends are doing.... are an improvement over what things were like, five years ago...? Do you NOT see our country being "taken down" on a systematic basis? Do you NOT see the inflation when you go to the grocery store? When you put gas in the tank of your car? Do you NOT see the level of desperation of people, when you go to a big city, and see progressively more and more people on street corners, begging for money? The fact is that our country isn't just broke, we're completely bust. The signs are everywhere, and the manifestations of this fact will continue to become more and more "in your face." With the exception of government parasites, shills and MSM propaganda pimps, there is no denying what all can see with their own eyes. I started sounding the warning bell more than three years ago, this is true. My education includes a Bach.Sci. in Economics, as well as an MBA... I'm two years away from completing my Doctorate. I don't say this to puff my chest out, but to explain that I study this stuff, because it's fascinating to me (sometimes, it could more accurate to call it "morbid curiosity")... This education helps me in my job (for things like project analyses, NPV calculations, amortizations and depreciations, etc.), but my main tasks revolve around engineering management for my work. In short, what I see, study and understand, is a result of ~15 years of study, much of which does NOT come out of academia. Were my statements based on academic dogma, I'd be a hard-core Keynesian, which any astute poster here will tell you, I'm NOT. In many ways, the myths that are propagated by the government stooges are also repeated by academia. They're just as blind as that jerk Cramer from "Mad Money." The facts are actually quite simple, when you strip away the propaganda: the current net present value (NPV) of government obligations outstanding are not the $14T that the MSM talks about, but >$200T. Since current GDP numbers are something like $15T, it would take 13 years to get out of debt- assuming our government confiscated every dime earned in the country, and put it towards the debt. But of course, IF they did that, the economy would collapse, and nobody would work- why would they, if everything they earned was taken away? Tax revenues are actually only about $2T a year, meaning if the government stopped spending now (and concentrated only on long-term obligations like Social Security, Medicare A & B, retirements for military, etc.), we would be at a net value of zero in ~100 years... Net value of all assets are ~$50T in the USA. In summary, if the government raised the tax rate to 100%, we'd still be bust. If the government confiscated all assets- money, land, cars, everything- we'd still be bust. If they did both, we're still bust. For this reason, our dollar will be dumped as the worlds' reserve currency. I assure you, this WILL happen. But as countries try to move away from the dollar, its value will continue to fall (especially as the Federal Reserve digitally creates billions/month more), and the signs I mentioned at the beginning of this post, will become more and more prevalent. Even the revolts that are occurring in the Middle East are a result of the dollar dropping in value... Because the international currency is still the dollar, and as it goes down in value (while food prices skyrocket due to other factors like droughts, the fires in Russia last year, floods in India, etc.), the prices are being pushed up due to inflation of the dollar. The poorest people in the Middle East- who barely have enough money to buy food- suddenly find food prices going up 50-60%, effectively making it too expensive for them to eat. What ELSE can they do, when they have nothing left to lose? THIS is the real reason for the political unrest there. You may think I'm crazy for saying such things... but the facts are beyond dispute. Oh, some of the forum morons (who do NOT understand economics) will attempt to "spin" the facts to say that black is white, etc... If nobody has told you what's coming, then let me be the first... There will be no "recovery" for the forseeable future. The conditions we're seeing are just the beginning stage of a major crisis, that will affect EVERY country in the world... I don't know your personal situation- whether you have family that you're supporting, or what... and frankly, it's none of my business. But I strongly urge you to take measures, to protect those that depend on you... by avoiding inflation by investing in physical gold or silver... stock up on food and water, medical supplies, weapons, etc. If ALL you do is stock up on food, then think about it this way: if I'm wrong, then you can eat your investment over time, and will have lost nothing. In fact, I'll have saved you money, since prices at the grocery stores are accelerating upwards (as I'm sure you've noticed). PROTECT yourself... protect your family. If such sentiments make me a "crazy," but my crazy ideas help you and your kin, how is that *really* so crazy? Regards Capitalist Eric  posted on  2011-05-07 13:24:39 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 50. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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