[expat_panama]

Here's the report yesterday that started this topic--

--and while economists always have something "on the other hand", the political buzz has become increasingly negative as seen in the headlines --New York East Coast headlines no less:

Obama's Limp Economy an Albatross for Hillary - Charles Gasparino, NYP
Obama Weighs His Economic Legacy - Andrew Ross Sorkin, New York Times
Yesterday's GDP Number Wasn't Disappointing - Justin Fox, Bloomberg
Barack Obama's Economic Growth Anemia - Editorial, Investor's Business
Where Did All the Government Jobs Go? - Annie Lowrey, New York Times
The Global Economy Is 'Stimulus' Weary - Jeffrey Snider, RealClearMarkets

[scooby321]

How this man gets away with no surceases anywhere is beyond me.

[expat_panama]

Whoa, a happy end'o'the week and end'o'the month to all!  Our stock rally seemed to end yesterday too, for some reason stock indexes reversed hard downward just before closing bell.   IBD admits we had a new distribution day but the current count is unchanged as the tally also got deducted an old one that no longer applies.

So maybe this is may not quite be an aging crumbling rally, but imho it's making me nervous.

Futures traders see a shift too this morning w/ stock indexes @ -1.02% and metals +1.69%.  Add to that an even bigger econ report dump than the one we had yesterday:

8:30 AM Core PCE Prices
8:30 AM Employment Cost Index
8:30 AM PCE Prices
8:30 AM Personal Income
8:30 AM Personal Spending
8:30 AM Personal Spending
8:30 AM Core PCE Prices
8:30 AM Employment Cost Index
9:45 AM Chicago PMI
10:00 AM Michigan Sentiment - Final
 

[Popman]

The economy is doing great...

As compared to Venezuela...

Obamacare the anchor dragging the ship down...

[ReaganGeneration2]

Hillary! will yell at us that it’s all great, and she will continue this strong economy as it STILL recovers from Bush.

Meanwhile, roughly half of Republicans will focus on criticizing the GOP nominee.

[Senator_Blutarski]

It is an election year. They are getting the bad news over early and will cook the books the remainder of the year.

[exDemMom]

Where Did All the Government Jobs Go? - Annie Lowrey, New York Times

I was curious about this one, since I have seen that essential government functions are being cut (in favor of increasing wealth redistribution). But when I saw the article, it was whining about Bobby Jindal's clean up of bloated state government agencies in LA, not cutting back on the essential functions.

Although the whole article was whiny and critical of Republicans who want to cut spending, it had this little gem in it: "Since the recession hit, private employers have added five million jobs and the government has lost 323,000. The country has recovered from the recession. But public employment has not."

From where I"m sitting, it looks like the private sector picked up over 4.5 million jobs, for the small price of cutting less than half a million government jobs. If those 323,000 former government employees can't find employment with those millions of new jobs, just maybe they aren't looking hard enough?

[ProtectOurFreedom]

Interesting that this article makes no mention of the total disaster that is Obamacare. The enormous losses by insurers on the Obama wet dream are a HUGE drag on the economy these past several years.

[Sam Gamgee]

How do you spell delusional? The economy has been weak for a long time now and with the world essentially in recession I don’t see that changing.

[ichabod1]

unexpected

[citizen]

"One problem may be that those gains have been tilted toward lower-pay jobs."

---

One problem MAY be lower pay?? It's been a definite and a huge problem for a couple of generations.