Why stocks rose after jobs disappointment
Traders have apparently decided to buy into the argument -- again -- that weak U.S. economic numbers mean more quantitative easing.
I find that it will happen either this month or next. The fed will launch another QE. They will watch it leave it's moorings, founder, then sink. the economy is becoming overwrought with mal investments, debt, and an elephantine government.
Please Reagen got reelected elected and unemployment was at 7.9 don't change the systen now
people are always leaving the job market and remember the baby boomers are retiring everyday.
The economy is staggering along, but growing a bit. We need some productive stimulus to get things moving ('productive' is the key word here. Our roads and passenger RR system are in pretty sad shape, especially bridges. If we built some high speed rail and improved intra-city bus and light rail, it would not only put people to work in construction, but also enhance worker efficiency by getting people to work faster, and in a more productive frame of mind.
Unfortunately, we are in a debt bind. While only Bill Clinton reduced the national debt, there has been a spendthrift mentality since (and including) Ronald Reagan at the top in Washington. The spending has been particularly wasteful in terms of excessive military outlays, including at least one unnecessary war--Iraq. However, all that spending enriched mostly the wrong folks--the top military-industrial corporate managements and bank managements--to the detriment of the people who do most of the real work in this country, union or not. Several Republican Presidents in the past did not tolerate this kind of inequality, including Teddy Roosevelt and Dwight Eisenhower. We have not had a decent Republican President since Dwight Eisenhower, in my opinion.
The military-industrial complex has grown enormously despite Eisenhower's warnings--and the extreme right wing of the Republican party is a major danger to our democracy. The Koch brothers and Adelson and his corporate ilk have bought the country--and the Supreme Court has enabled them.
I hope that if you are a Republican you will think long and deep about where your party--and its ultra-rich fat cats, and their corporations, are taking us.
I'm kind of curious, with the way people through around the religions when they speak of Obama, I wonder if they will do the same for Romney, after all he is a Morman...
This land was built on tolerence and freedoms of religious beliefs, wether you had them or not. There are A ton of good practicing Muslim's, that do not deserve the conotation that the Republican hype machine is trying to give that religion. It only goes to your intellegence, considering "the official religion of OB is Christianity". Its this type of language that makes Americans disliked around the globe, we tout how free and loving and accepting we are of everyone, then we turn around and use A religion as a "bad" adjective. It is really disgraceful, and you should be ashamed, after all I assume you're A god-fearing christian yourself, who has such devoted beliefs, except for maybe the whole love thy neighbor thing. Or does that only apply if your neighbor practices the same religion.....For some, I suppose it does.
Yesterday I rec'd a letter informing me that my electric company would apply for a 4.6% increase . Who do I send a letter to for an increase of 4.6% ? I get it now , Santa !
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All hail the bull market, which ended the week with a big rally. But it also is starting to look a little like 1987, which suffered an epic blow-out.
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