Feds see recovery soon. prepare for another leg down…

[bubble_contagion]

Today the Federal Reserve forecasted a swift recovery:

http://www.calculatedriskblog.com/2009/07/fomc-minutes-immaculate-recovery.html

Prepare for another leg down in the coming months:

[jpinpb]

I love some of the comments on his blog. Rob’s is the one that I’d like an answer to. Which sector is leading us out?
Also:
“Did they mention when I would get a raise? Or a higher paying job?”

Or maybe people will suddenly see HELOCs become available to them. That had been income supplementation for a few years.

Buzzsaw had it right: “I really admire the bankers. It takes big-ballz to flaunt your uber-wealth in front of an unemployed mob.”

And another good point made by black dog: “Well, will someone please explain this quote from LAST WEEK.

Summers says the recession has a long way to go and the worst is still ahead. Summers says: “I don’t think the worst is over … It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”

[jpinpb]

I love some of the comments on his blog. Rob’s is the one that I’d like an answer to. Which sector is leading us out?
Also:
“Did they mention when I would get a raise? Or a higher paying job?”

Or maybe people will suddenly see HELOCs become available to them. That had been income supplementation for a few years.

Buzzsaw had it right: “I really admire the bankers. It takes big-ballz to flaunt your uber-wealth in front of an unemployed mob.”

And another good point made by black dog: “Well, will someone please explain this quote from LAST WEEK.

Summers says the recession has a long way to go and the worst is still ahead. Summers says: “I don’t think the worst is over … It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”

[jpinpb]

I love some of the comments on his blog. Rob’s is the one that I’d like an answer to. Which sector is leading us out?
Also:
“Did they mention when I would get a raise? Or a higher paying job?”

Or maybe people will suddenly see HELOCs become available to them. That had been income supplementation for a few years.

Buzzsaw had it right: “I really admire the bankers. It takes big-ballz to flaunt your uber-wealth in front of an unemployed mob.”

And another good point made by black dog: “Well, will someone please explain this quote from LAST WEEK.

Summers says the recession has a long way to go and the worst is still ahead. Summers says: “I don’t think the worst is over … It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”

[jpinpb]

I love some of the comments on his blog. Rob’s is the one that I’d like an answer to. Which sector is leading us out?
Also:
“Did they mention when I would get a raise? Or a higher paying job?”

Or maybe people will suddenly see HELOCs become available to them. That had been income supplementation for a few years.

Buzzsaw had it right: “I really admire the bankers. It takes big-ballz to flaunt your uber-wealth in front of an unemployed mob.”

And another good point made by black dog: “Well, will someone please explain this quote from LAST WEEK.

Summers says the recession has a long way to go and the worst is still ahead. Summers says: “I don’t think the worst is over … It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”

[jpinpb]

I love some of the comments on his blog. Rob’s is the one that I’d like an answer to. Which sector is leading us out?
Also:
“Did they mention when I would get a raise? Or a higher paying job?”

Or maybe people will suddenly see HELOCs become available to them. That had been income supplementation for a few years.

Buzzsaw had it right: “I really admire the bankers. It takes big-ballz to flaunt your uber-wealth in front of an unemployed mob.”

And another good point made by black dog: “Well, will someone please explain this quote from LAST WEEK.

Summers says the recession has a long way to go and the worst is still ahead. Summers says: “I don’t think the worst is over … It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low. What does appear to be true is that the sense of panic in the markets and freefall in the economy has subsided and one does not have the sense of a situation as out of control as a few months ago.”

[Coronita]

Well the umemployment numbers came down….with the standard government footnotes 🙂

[Coronita]

Well the umemployment numbers came down….with the standard government footnotes 🙂

[Coronita]

Well the umemployment numbers came down….with the standard government footnotes 🙂

[Coronita]

Well the umemployment numbers came down….with the standard government footnotes 🙂

[Coronita]

Well the umemployment numbers came down….with the standard government footnotes 🙂

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[DWCAP]

“The unadjusted figures for last week actually showed that new claims rose by 86,389 last week, which would push the total to 667,534.

Those adjustment difficulties also were behind a big drop reported for people continuing to draw unemployment benefits, the analyst said.

The number of people still collecting benefits fell by a seasonally adjusted 642,000 to 6.27 million, the lowest level since mid-April.

The unadjusted figures for continued claims showed an increase of 63,714.”

http://www3.signonsandiego.com/stories/2009/jul/16/us-economy-071609/?business&zIndex=133023

please keep in mind that the continuing claims numbers exclude all the people on the ‘special’ unemplpoyment roles. I havent seen the numbers for this week, but a short while ago we had drops in the reported roles that were mostly just people shifting to the unreported ‘special’ group. That isnt exactly the good thing they are trying to convey in the press.

Increadably the UT had a better breakdown than the national media, who I occaisionally believe is outsorcing due to layoffs to the journalism programs at local middle schools.

[Author]

Posts