Wisconsin native.
"The true soldier fights not because he hates what is in front of him, but because he loves what is behind him."--GKC
"Liberalism is the modern and morbid habit of always sacrificing the normal to the abnormal" --G K Chesterton
"The only objective of Liberty is Life" --G K Chesterton
"A man can never have too much red wine, too many books, or too much ammunition." -- Rudyard Kipling
don't kid yourselves. this is less about EU debt and "computer glitches" than it is investors looking into their crystal balls. Everyone....and I mean everyone....vendors, customers, people in my business say the current upturn is only because inventories got so low, they had to be refilled. Expect to be back in the dumper by fall.
I don't think that anyone is kidding anyone on this issue. No one denies the ongoing inventory bounce occuring globally.
That being said, the employment numbers over the past few months have indicated quite a bit of private sector hiring. It may not hold up, but the data hasn't been terrible and can't be attributed to an inventory bounce alone.
Oh hey....I hear ya Dadster. The magnitude of this crisis is like nothing we've ever seen and it's not even close to being over.
But the past few months have added well over 50K private sector jobs/month (this month was approx. 220,000 private sector jobs). April data was actually quite good considering the past 2 years. Of course, we need to add over 200K jobs/month just to bring down the unemployment rate so that isn't exactly stellar news. Oh and U-6 is still a horrendous 17.1%.
All i'm saying is that we have begun some sort of upward trend. The question is whether or not this is a sustainable trend at this point. i'm skeptical too, considering the landmines out there.
The real fun was 2:05PM when it dropped over 400 points in 2 minutes and then bounced back again.
ReplyDeleteAccenture went from 40 bucks to a penny in a matter of seconds.
Makes you feel confident in computer systems doesn't it?
I think i'm gonna start buying more ammo.
A great buying opportunity for those who timed it right, or knew what was going to happen.
ReplyDeleteStruppster, I KNEW you'd see the light.
ReplyDeletedon't kid yourselves. this is less about EU debt and "computer glitches" than it is investors looking into their crystal balls. Everyone....and I mean everyone....vendors, customers, people in my business say the current upturn is only because inventories got so low, they had to be refilled. Expect to be back in the dumper by fall.
ReplyDeleteI don't think that anyone is kidding anyone on this issue. No one denies the ongoing inventory bounce occuring globally.
ReplyDeleteThat being said, the employment numbers over the past few months have indicated quite a bit of private sector hiring. It may not hold up, but the data hasn't been terrible and can't be attributed to an inventory bounce alone.
Yah....but one out of five men between 46 and 54 years of age are unemployed.
ReplyDeleteThis is also THE worst recession for number of jobs lost (absolute number, not percentage) in history.
50K jobs/month adds are NOT sufficient for any kind of real recovery.
Oh hey....I hear ya Dadster. The magnitude of this crisis is like nothing we've ever seen and it's not even close to being over.
ReplyDeleteBut the past few months have added well over 50K private sector jobs/month (this month was approx. 220,000 private sector jobs). April data was actually quite good considering the past 2 years. Of course, we need to add over 200K jobs/month just to bring down the unemployment rate so that isn't exactly stellar news. Oh and U-6 is still a horrendous 17.1%.
All i'm saying is that we have begun some sort of upward trend. The question is whether or not this is a sustainable trend at this point. i'm skeptical too, considering the landmines out there.