So with productiviy up again, does that mean the middle class workers will get a raise?
And the band played on…
Initial unemployment claims are above 400,000 again, as the stimulus money runs out, the American economy finds itself worse off then when QE2 was started, Bernanke thinks that he can spend his way out of this mess, where are our policy makers as John Deere and others are in a mass exodus of this country……….more at anangryman.com
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This sure sounds like the sign of a healthy economy, true some of these loses could be due to the disaster in Japan, and believe me the spin doctors will use this to the full extent in the upcoming months, lets see what tommorrow brings with the government job report, this could be the first month that there are net losses in the jobs area and then watch the market tank……more at anangryman.com
Take this opportunity to get out or buy VXX for your protection.
If we don’t get oil back down to $65 a barrel very soon. We are easily going to slip back into recession by AUG/SEP. Bernanke was so worried about deflationary pressures he completely forgot or chose to ignore the risks of creating another kind of pressure. Structural demand destruction in conjunction with continueing high inflation. QE2 completely de-incentivized companies to hire. Now low end consumer’s are being forced to change not just their lifestyle’s but their consumption habit’s. The only way to resolve our current dilemma is to push oil down to 65$ a barrel and keep it there for atleast 1 if not 2 years. continue reading »
By “Picky US Shoppers”, do you mean broke, or on such a tight budget that they HAVE to find the best bargains?
Retailers shot themselves in the backside. In their quest for cheap goods, they helped lay off American employees that once made these goods so that they could be made in sweatshops overseas for slave wages. The Americans that got laid off can’t afford to shop and buy these cheap goods that were made overseas. What have we as a nation really gained from cheap imports besides record trade deficits, budget deficits and high unemployment?