Posted on 04/06/2015 7:28:21 AM PDT by blam
Sam Ro
4-5-2015
Since the beginning of the year, the pace of growth in numerous US economic indicators deteriorated significantly, so much so that many of these metrics even fell short of economists' expectations.
Weirdly, the pace of jobs growth had been resilient even amid unexpected plunges in key measures like retail sales and durable goods orders, reports which reflected weakness in both consumers and businesses.
However, this weirdness has begun to work itself out.
On Friday, we learned the US economy added just 126,000 jobs in March, missing expectations for 245,000 new jobs. You have to go all the way back to December 2013 to see a number that low. Even worse, the prior two months worth of job creation was revised down by 69,000.
(snip)
(Excerpt) Read more at businessinsider.com ...
I seem to recall Obama, in the 2012 election cycle, campaigning that he didn’t want Romney to win and take all the credit when the economy rebounded, since it was “positioned to make very significant GNP growth” (or whatever).
That’s the extent of his kind of ownership of this economy. Just position yourself to take credit, but as we’ve seen, the falsified employment numbers can’t truly hide the fact that our economy isn’t growing. You simply can’t have the 3% to 5% growth if there are so many missing workers (the denominator in the U3).
Of course, the media will never hold this administration to account.
stagflation
Wasn't there a study that showed that gas savings were redirected into increased health insurance costs?
I am sick of being lied to. I swear we live in a Age of Lies.
obama’s malaise....
They're NOT going to tax me to the point of radical mastectomy THEN get me to subsidize their BS economy as well!
N O TTTTTTTTTTTTTTTTTTTTTTTTTTTT!
Lovin that tag line...gotta remember that
Savings is capital.
Without capital you cannot have Capitalism.
Duh
Did they accidentally expose algore’s global warming hoax?
Doesn’t it describe “O” to a T?
Which state sent debit cards? I can’t stand that, and it makes me think unspent funds in debit cards end up going back to either the issuer, or to the entity that bought the cards.
This “economy” is based on smoke and mirrors. The “recovery” is in spite of obungo and his minions. They have made malaise from the Carter years look like an absolute boom time. The only bright spot of the economy has been oil and it is now battered and will be for at least the next 12 to 18 months. Even then it will not return like it was.
Only a few years ago we had both attractive fixed rates of return and good investment returns. Do you mean to tell me that our economy NATURALLY changed that much in just a few years? No, it has been crippled when it was down and it has only barely recovered to where it was.
Consider these documented Rates of Return from the Gone Fishing Portfolio. 2009 was only the dead cat bouncing.
2003 32.7% (a dead cat bounce from the .com era),
2004 15.2%,
2005 11.9%,
2006 16.9%,
2007 10.7%,
2008 -31.7%,
2009 34.3% (the dead cat bounce),
2010 16.1%,
2011 -3.19%,
2012 13.4%,
2013 15.3%,
2014 3.8%
Over all these years there has been a compounded annual RoR of 9.88%.
I have been banking on that for some time.
Back in 1996 we were getting 8% on guaranteed deposits. Conservative mutual funds were making 12 to 14% with regularity. Who couldn’t retire on that? Now, who can retire on investments that are not just a crap shoot?
***Which state sent debit cards?***
Oklahoma.
So....take the funds off the debit card and put into savings account or into bonds, stocks, etc.
Unless a big spender in your family got to the card first! ;)
Most banks charge $25 or so.
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