Quote:
Originally Posted by Baraka_Guru
Well you should. Looking at the economy takes more than looking at today.
That is merely one piece of the puzzle.
The U.S. GDP has grown for the first quarter since the shit hit the fan last year. One step at a time.
October was the retail sector's best month in over a year.
So far, S&P 500 companies are reporting 15% above expectations (as dismal as they were).
The home price index rose for the third straight month.
This in and of itself is a myopic view of the economy. You have to look at the bigger picture if you want to see the signs of recovery down the road.
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When unemployment benefits are extended to 79 weeks, it's not myopic, it's reality. I have friends who were terminated for a job that lasted 6 months and have had unemployment benefits three times longer than the job.
As far as not caring, it's not caring about it being GWB or Obama's fault. The historians and writers will sort out the blame. Right now there's work to do, not the blame game.
Companies are stating their earnings in the best light possible. I don't believe that the stellar earnings are as stellar as they are. Enron had stellar earnings as did AIG, and the rest of Wall Street. It's easy to lie on paper.
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