If you do not know if you will have a job next month, why would any person buy a car?
By Daniel at 29 July, 2009, 5:07 pm
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Of course the goods order will be dropping people are using the money for rent, gas,food and that is it. We have over 14% unemployment in our area and it does not look to bright any place.
The Government just keeps spending money like we have it.
1. Durable goods orders DROP 2.5% since last month.
2. New home prices DROP by 6% since last month
3. Existing home prices DROP by 3.6% since last mont
4. Unemployment expected to go from 9.5% to 9.9% since last month
How’s that for CHANGE we can believe in
No surprise here. Yet this government I’m sure will put a spin on everything so that it sounds like things are improving. Trying to make crap smell like a rose. More than expected less than expected, who the heck are these experts? Former weather men. They can get it wrong most of the time too.Change we can count on.The change left in our pocket after this President and his supporters finish robbing us blind.
Fed survey: Stabilization seen in some regions
WASHINGTON – The economy is finally showing signs of stabilizing in some regions of the country — especially in parts of the Northeast and Midwest — bolstering hopes of a broader-based recovery this year.
A Federal Reserve snapshot of economic conditions issued Wednesday found that most of the Fed’s 12 regions indicated either that the recession was easing or that economic activity had “begun to stabilize, albeit at a low level.”
The economy remains fragile. But the fact that some Fed regions reported signs of activity beginning to level out raises hope that the recession, which started in December 2007, is drawing to a close.
Four Fed regions — New York, Cleveland, Kansas City and San Francisco — pointed to “signs of stabilization,” the survey said. Two regions — Chicago and St. Louis — reported that the pace of economic declined appeared to be “moderating.”
Five other regions — Boston, Philadelphia, Richmond, Atlanta and Dallas — described activity as “slow,” “subdued” or “weak.” Only one region — Minneapolis — indicated that its downward slide in economic activity had worsened.
Combined, the assessments of businesses on the front lines of the economy appeared to be brighter than those they provided for the previous Fed report in mid-June.
http://news.yahoo.com/s/ap/us_economy;_ylt=ApsOkuOfeWm1pllNAp1d.6Z0fNdF
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