At the moment investors seem pleased or at least appeased with Europe's ongoing fiscal problems and the steps taken to alleviate them. Next week the Fed will reiterate its plan to keep inter bank lending rates at next to nothing levels. Other economic indicators will be coming out on the upcoming week but the glaring problem remains. The unemployment rate is declining but this is only because people are falling off the charts. The benefits end and then there's no place to go. The harsh irony here is that the unemployment rate could go down to "normal" levels with the same number of people out of jobs, a huge pool of unemployed.
I for one am very concerned about the crime rates, and danger in the cities. In upstate NY gang activity is big. There is no money for youth employment programs. Inner city kids will be joining the one thing that provides identity, the gangs. I just read where five teens beat and robbed two 23 year old young women. They fortunately got caught while running away, but getting caught is rare.
Reuters: Momentum in stocks' favor but trading choppy
In addition to the statement from the Fed's rate-setting meeting, investors will take in data on the housing and labor markets, consumer sentiment and the final reading for first-quarter gross domestic product.
1 comment:
"The unemployment rate is declining but this is only because people are falling off the charts. The benefits end and then there's no place to go. The harsh irony here is that the unemployment rate could go down to "normal" levels with the same number of people out of jobs, a huge pool of unemployed."
Exactly, but will the D's care? NO!! That's why they are not interested any longer in extending benefits. They only care that going into the fall they can and will claim loudly that LOOK the unemployment nos. have improved ,even though this is a BIG dirty LIE. Others will do as you just have and pt. out the reality that millions are falling out of the reporting system ,not because they now have jobs but merely because they've run out of benefits. The Dems. DON'T CARE!!! Obama doesn't CARE!!
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