Thursday, October 1, 2009


Won't it be great when the economy collapses and there are no jobs left to lose? That way the government and their propaganda ministers in the media can report that NO jobs were lost in a given quarter which will be seen as a sure sign that we have "turned the corner".

I'm getting damned tired of the lies!

"Bear in mind this is an article with "growth" in its title. The headline leads one to expect a story about growth slowing. But if one reads our reproduced excerpts (or even the entire article), the best one can come up with is "The world's largest economy shrank at a 0.7 percent annual rate from April through June, the best performance in more than a year."

This is "growth?" A slowage of shrinking? Maybe Greenspan means stock market growth. But even the stock market is off thousands from its previous highs, not counting the price inflation which has already taken place - though now Greenspan doesn't anticipate any further price inflation for several years yet. In this, we note, the former former Fed chair is miles away from his current colleagues who are talking endlessly about hiking rates and other measures sooner rather than later."

Daily Bell

"The pace of U.S. job losses continued to slow in September as the private sector shed fewer jobs than in the previous month, according to a report offering a preview of government data due Friday.

Meanwhile, gross domestic product decreased at a 0.7% annual rate in the second quarter, better than the 1% decline previously estimated, the Commerce Department said Wednesday. It was a big improvement over GDP's 6.4% decline in the first quarter.

Private nonfarm payrolls fell by 254,000 in September, down from the 277,000 drop in August, according to a report by Automatic Data Processing Inc. and forecasting firm Macroeconomic Advisers released Wednesday."

Wall Street Journal

"Amid indications of a recovery, companies in the US continued their layoff spree, with 254,000 people losing jobs in September, a private sector employment report said.

According to payroll-processing firm, Automatic Data Processing's National Employment Report, private sector employment decreased by 254,000 in September in the country.

"September's employment decline was smallest since July of 2008 and employment losses have diminished significantly over the last two quarters. Nevertheless, employment, which usually trails overall economic activity, is likely to decline for at least several more months, with losses continuing to diminish," Macroeconomic Advisers LLC Chairman Joel Prakken said."


Bookmark and Share

No comments:

Post a Comment