wiegie Posted November 7, 2008 Share Posted November 7, 2008 The BLS just released its estimates for October and the news is not good: In October, there were net job losses of 240,000 (and the job losses for September were revised upward to 284,000). The economy has now lost jobs each month this year (and we now have almost 1.2 million fewer people working than we did at the beginning of the year). (The big headline grabbing number is going to be that the unemployment rate is at a 14-year high of 6.5%, but I think the payroll numbers themselves are the better numbers to look at.) Quote Link to comment Share on other sites More sharing options...
TimC Posted November 7, 2008 Share Posted November 7, 2008 Alarmist. We should've taken those billions in handouts and partied like it's 1999. Quote Link to comment Share on other sites More sharing options...
The Irish Doggy Posted November 7, 2008 Share Posted November 7, 2008 The BLS just released its estimates for October and the news is not good: In October, there were net job losses of 240,000 (and the job losses for September were revised upward to 284,000). The economy has now lost jobs each month this year (and we now have almost 1.2 million fewer people working than we did at the beginning of the year). (The big headline grabbing number is going to be that the unemployment rate is at a 14-year high of 6.5%, but I think the payroll numbers themselves are the better numbers to look at.) Weak car sales.... Double digit losses in retail sales... All is well! Quote Link to comment Share on other sites More sharing options...
Randall Posted November 7, 2008 Share Posted November 7, 2008 <restrain making poitical comments> When did the recession start? Quote Link to comment Share on other sites More sharing options...
BillyBalata Posted November 7, 2008 Share Posted November 7, 2008 Just had a job fair here last week. $5 million worth of new equipment being installed this past month and hiring 30 more people to fill the new positions. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted November 7, 2008 Share Posted November 7, 2008 <restrain making poitical comments> When did the recession start? better question is why Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted November 7, 2008 Share Posted November 7, 2008 Alarmist. We should've taken those billions in handouts and partied like it's 1999. We did. You weren't invited. Quote Link to comment Share on other sites More sharing options...
detlef Posted November 7, 2008 Share Posted November 7, 2008 We did. You weren't invited. Quote Link to comment Share on other sites More sharing options...
moneymakers Posted November 7, 2008 Share Posted November 7, 2008 I got back into the market today. Bought into Walmart @ 53.90. Should be 60.00 by the first of January. Quote Link to comment Share on other sites More sharing options...
dmarc117 Posted November 7, 2008 Share Posted November 7, 2008 I got back into the market today. Bought into Walmart @ 53.90. Should be 60.00 by the first of January. be careful...... No tears are being shed for these hedge funds but redemptions -- i.e., investors asking for the money back -- means hedge funds have to sell assets, which can hurt performance further, leading to more redemptions, and so on. This downward spiral in the hedge fund community, which had $1.5 trillion under management in early 2007, is one big reason for the continued downward pressure on the market. The size and scope of hedge fund loses and redemptions - and the potential for more to come -- is a major wrinkle in the "market is cheap" mantra being repeated so often lately, including by some legendary investors. Quote Link to comment Share on other sites More sharing options...
TimC Posted November 7, 2008 Share Posted November 7, 2008 We did. You weren't invited. Quote Link to comment Share on other sites More sharing options...
Pope Flick Posted November 7, 2008 Share Posted November 7, 2008 I got back into the market today. Bought into Walmart @ 53.90. Should be 60.00 by the first of January. ANd if not, you've got all your Elmo Lives to bail you out this holiday year on eBay, right? Quote Link to comment Share on other sites More sharing options...
moneymakers Posted November 7, 2008 Share Posted November 7, 2008 Elmo going to the Orphanages and Homeless shelters. Walmart is just a safe investment. Quote Link to comment Share on other sites More sharing options...
Randall Posted November 7, 2008 Share Posted November 7, 2008 I got back into the market today. Bought into Walmart @ 53.90. Should be 60.00 by the first of January. Probably but what year is the question. Quote Link to comment Share on other sites More sharing options...
H8tank Posted November 7, 2008 Share Posted November 7, 2008 Wait, I thought we already took care of this? Vote for Change Affects Democrats Thursday, November 9, 2006 Voters who chose Democrats over Republicans also will be looking to Democratic leaders to come up with ideas for change. http://www.washingtonpost.com/wp-dyn/conte...6110801935.html So I guess I am confused? Quote Link to comment Share on other sites More sharing options...
detlef Posted November 7, 2008 Share Posted November 7, 2008 Our meat purveyor told the guys next door that Ruth's Chris Steakhouse in Raleigh was doing single digit covers last week. ie: less than 10 people dined there on a few of the nights. That's freaking insane for a place like that. Quote Link to comment Share on other sites More sharing options...
Randall Posted November 7, 2008 Share Posted November 7, 2008 Wait, I thought we already took care of this? http://www.washingtonpost.com/wp-dyn/conte...6110801935.html So I guess I am confused? So am I. You read the liberal media Washington Post? They're looking for ideas. Obama is putting his team together but if anyone has suggestions I think he'll listen. Change is a broad umbrella and I think he's working on a plan that'll work. It's hard because he won't be in charge for 2 1/2 months. Maybe Bush should cede the economy to Obama. Or work in cooperation with Obama's team when they are named(more likely I think). Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted November 7, 2008 Share Posted November 7, 2008 Bush called Rumsfeld "a superb leader" but said the time had come for a "fresh perspective" on the war in Iraq. I'd call that change you can believe in. Quote Link to comment Share on other sites More sharing options...
DemonKnight Posted November 7, 2008 Share Posted November 7, 2008 Wait, I thought we already took care of this? http://www.washingtonpost.com/wp-dyn/conte...6110801935.html So I guess I am confused? Pretty tough to change with presidential veto's and felony pardons at every other step. Quote Link to comment Share on other sites More sharing options...
isleseeya Posted November 7, 2008 Share Posted November 7, 2008 The BLS just released its estimates for October and the news is not good: In October, there were net job losses of 240,000 (and the job losses for September were revised upward to 284,000). The economy has now lost jobs each month this year (and we now have almost 1.2 million fewer people working than we did at the beginning of the year). (The big headline grabbing number is going to be that the unemployment rate is at a 14-year high of 6.5%, but I think the payroll numbers themselves are the better numbers to look at.) Thank you George Bush and all your criminal band of cronies who drove this country into the ground ...8 years of failure in every sector possible Quote Link to comment Share on other sites More sharing options...
WaterMan Posted November 7, 2008 Share Posted November 7, 2008 (edited) Thank you George Bush and all your criminal band of cronies who drove this country into the ground ...8 years of failure in every sector possible It's not like 72% of America agrees with you. Edited November 7, 2008 by WaterMan Quote Link to comment Share on other sites More sharing options...
Grimm74 Posted November 8, 2008 Share Posted November 8, 2008 So am I. You read the liberal media Washington Post? They're looking for ideas. Obama is putting his team together but if anyone has suggestions I think he'll listen. Change is a broad umbrella and I think he's working on a plan that'll work. It's hard because he won't be in charge for 2 1/2 months. Maybe Bush should cede the economy to Obama. Or work in cooperation with Obama's team when they are named(more likely I think). I think it is pretty funny that people give the president any credit for a good or bad economy. In bad times It is as if people need a dad figure to let them know it is going to be ok. Trust me folks Obama is not going to save the econmy..... no more then a republican could either. We are in a natural human economic cycle.. Quote Link to comment Share on other sites More sharing options...
Chavez Posted November 8, 2008 Share Posted November 8, 2008 Thank you George Bush and all your criminal band of cronies who drove this country into the ground ...8 years of failure in every sector possible What? Hey, this news came after a DEMOCRAT was elected. Coincidence? I think not..... Quote Link to comment Share on other sites More sharing options...
Chavez Posted November 8, 2008 Share Posted November 8, 2008 I think it is pretty funny that people give the president any credit for a good or bad economy. In bad times It is as if people need a dad figure to let them know it is going to be ok. Trust me folks Obama is not going to save the econmy..... no more then a republican could either. We are in a natural human economic cycle.. Take yer common sense and get outta here. IMO W's biggest failing with the economy is that he made the downcycle worse by allowing the real estate bubble to be driven by oodles of bad mortgages; don't tell me no one in the admin failed to at least MENTION to him how the use of home equity and the real estate market to drive the post-9/11 economy was not sustainable. Then again, given the incompetency that has been a hallmark of the last 8 years, W probably didn't know/care and neither did anyone else - or at least those who did know and/or care were just marginalized before quietly going gently into that good night - "hey, thanks for that report on the dangers of the real estate bubble, the president is going to take it under consideration. Um, anyway, yeah, we need you to move your desk into the basement....: Quote Link to comment Share on other sites More sharing options...
Grimm74 Posted November 9, 2008 Share Posted November 9, 2008 Take yer common sense and get outta here. IMO W's biggest failing with the economy is that he made the downcycle worse by allowing the real estate bubble to be driven by oodles of bad mortgages; don't tell me no one in the admin failed to at least MENTION to him how the use of home equity and the real estate market to drive the post-9/11 economy was not sustainable. Then again, given the incompetency that has been a hallmark of the last 8 years, W probably didn't know/care and neither did anyone else - or at least those who did know and/or care were just marginalized before quietly going gently into that good night - "hey, thanks for that report on the dangers of the real estate bubble, the president is going to take it under consideration. Um, anyway, yeah, we need you to move your desk into the basement....: It was great when Clinton stepped up to the plate for the tech bubble.....oh wait...Your opinion here is not very objective... Quote Link to comment Share on other sites More sharing options...
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