Overall my bottom line is wanting the markets to at least maintain their present numbers, give or take a small amount. Is there anything there to drive them significantly higher? There are plenty of potential pitfalls to drive them much lower.
Reuters: Stock futures add to gains after Lowe's beats
The retailer's (Lowe's) report reinforced hopes that the worst effects of the recession may be past.Don't be misled by the following article's reference to a U.S. budget chief. They are referring to the White House budget director Peter Orszag. The White House has to control the flow of information about the economy. The simple question to ask would be - does the White House want its budget director to make statements that are optimistic or pessimistic regarding the economy.
Reuters: U.S. budget chief says signs of economic free-fall over
U.S. economic data have shown evidence that the recession's worst phase may be over, with April consumer prices unchanged and industrial output declining at a slower pace than in March.
3 comments:
Easy for them to say it's over. The UI nos. are still deepening. For every family without a bread winner it's a depression. With no job's being created it's a disaster.
You have to be tone deaf when these guys make these statements. They get thrown all over the media and people are people they just believe it. Its good in that its a positive sentiment and that at least helps with the mod, but after that, are things that much better?
No, they aren't. They are being PAID to write these PUFF pieces. The belief is sadly that if you shine a turd long enough it will become gold. If this is going to be what is substituted for truth then we had better get ready for a very long siege of turd polishing. So far all I see is trillions wasted on bankster and other folks that do not need the $$. The hope is they'll somehow fix what they broke. This kind of hope is right up their with the 3 great lies. The check is in the mail, I won't cum in your mouth and I don't have herpes.
FDR actually did things that helped get the country moving again. So far Obama has just given good speechs.
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