Originally Posted by baronvonstocks Job Numbers Manipulated and Overall Market May Be Highly Overbought Well, as you all know it's an election year, people have to make it look like things are doing good if they want re-election. If you study the job report numbers, you'll notice that less people are are in the report. From my personal experience in the job market and from what the human resources from some companies that I know, tell me that they aren't actually hiring more people. They are just cycling people, where they fire a few and hire people to replace those just fired. Also, study the charts to the Dow Jones and the S&P 500, and you'll notice how overbought the market is. I'm still bullish on stocks, but I don't actually open any long term positions because I think that we are due for a market correction. If we break and hold way past 13000 on the Dow Jones today, we'll probably have a run up to 14000. If not, then we may be at the start of a market correction in my honest opinion. I think the market professionals ...
Originally Posted by WakingTheBull READ FULL ARTICLE CLICK LINK SOURCE:BLOOMBERG By Brady Dennis and Neil Irwin, Published: June 3 Behind the hard numbers in Friday’s dismal report on the job market are scared small-business owners, slashed state budgets, dried-up federal stimulus funds and a lingering uncertainty that has taken hold from corporate boardrooms to factory floors around the country. Employers added 54,000 jobs in May, the Labor Department said Friday, down from 232,000 in April. The unemployment rate rose to 9.1 percent from 9 percent. That deterioration in the labor market marks only the latest in a slew of recent signs that the economic recovery is losing momentum.
They are now ready again to raise the debt ceiling, when will it stop? This video was from a year ago. They now need to raise it again!
Obama Agrees to Extend Bush Tax Cuts for 2 Years By Mike Dorning and Ryan J. Donmoyer - Dec 6, 2010 7:08 PM ET President Barack Obama said he’ll agree to a two-year extension of all Bush-era tax cuts in exchange for extending federal unemployment insurance. The plan also would cut the payroll tax by 2 percentage points. Obama said he would accept a lower rate for the estate tax than Democrats wanted in order to break a stalemate over extending the Bush tax cuts before Congress adjourns. The current tax rates, enacted in 2001 and 2003, are set to expire Dec. 31. Without the compromise, middle-income families would become “collateral damage for political warfare here in Washington,” Obama said in televised remarks. He said he still believes the nation can’t afford to permanently extend the top tax rates. “This compromise is an essential step on the road to recovery,” Obama said. He criticized Republicans for ...
Cartoon Another economic morsel , political cartoonist extraordinaire — Ed Stein Another economic morsel from our friend, political cartoonist extraordinaire — Ed Stein
On September 3, 2010 Silver hit 19.93 a higher high then the previous May 13, 2010 high of 19.81. As projected in the past we expect Silver to out pace Gold and breakout over 20 and we might see 25+ by years end. As we hypothesized in January Inflation not deflation will be the prevailing force in years to come as we see more money creation and deficit spending. This weekend Obama called for 50 billion more for infrastructure spending and last week Bernake basically signaled they are willing to turn the printing presses back on.
Video: Gerald Celente Presidential porn, no happy ending
The senate banking voted to approve all three of Barack Obama's nominations to the Federal Reserve Board. Click To Read Full Article:
Originally Posted by WakingTheBull
Originally Posted by WakingTheBull Article: Obama Calls for BP Escrow Account Looks like they agreed to set one up
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