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1.) The Dow Jones industrial average, hovering near 11,000, is up 70 percent in the past year - Low volume trading (most people have already bailed out of stock
by startuprules 16y ago
1.) The Dow Jones industrial average, hovering near 11,000, is up 70 percent in the past year - Low volume trading (most people have already bailed out of stock market), mainly between JPM and GS computers (look at how much C and BA comprises of the trading volume).
2.) Auto sales in the first quarter were up 16 percent from 2009. - Off 50% lows in 2008. http://1.bp.blogspot.com/_pMscxxELHEg/S410LoDr97I/AAAAAAAAHpw/gu38MKWD0Rk/s1600-h/AutoFeb20102.jpg http://1.bp.blogspot.com/_pMscxxELHEg/S410LoDr97I/AAAAAAAAHp.... That's on top of massive deals from Toyota and the rest.
3.) The economy added 162,000 jobs in March, including 17,000 in manufacturing. - 200,000 of those jobs were from Census.
4.) The dollar has gained strength - Because it is the reserve currency, it will be the last to fall. All currency races to the bottom
Mainstream medias are for propagandas. Look elsewhere for real informations (calculatedriskblog.com, zerohedge.com, mish's, etc)
- pavs 16y agoOk, thanks for the pointers. I don't actually watch TV or follow any mainstream media (unless you consider NYT as one). On number 3 I think you got your numbers wrong. On March economy did include 162k jobs, 200k from temp census jobs. Wouldn't the total be higher than 162k jobs added?
- thewileyone 16y agoMaybe because there was a loss of 238k jobs in other sectors ...
- ippisl 16y agothe news report that 48000 new census jobs were added in march. where do you get the 200,000 number?
- raintrees 16y agoI have heard repeatedly from multiple sources that the Census is only responsible for less than half that 200,000 so far, as they have not finished hiring. Therefore the other jobs are referred to as "permanent"... http://www.texasinsider.org/?p=24813 http://www.texasinsider.org/?p=24813