Posted on 02/24/2009 10:55:52 AM PST by Frantzie
Sorry I cannot post Bloomberg on FR but The Conference Board’s confidence index dropped to 25, the lowest level since data began in 1967, the NY-based research group said today.
The old Obama "Hope & Change." I guess the public "ain't" buying it. Some much for the fake Ny Times & Wa Po polls trying to prop the Kenyan-born usurper marxist up.
We're edging closer to capitulation.
BushObamics!
No Bush about it - this is ALL Obama, Pelosi and Reid. Bush is an open-borders RINO but he did not wreck the economy.
but they still support O
Under normal circumstances - yes. Under the Kenyan-born marxist - we keep think we are hitting bootom. This is what Zimbabwe thought was happening under Mugabe.
I bet the Mrdia fraud polls will show it is all BOOOSH’s fault also.
Well, bear in mind there are NEVER normal circumstances. If it isn’t a incompetent president (Carter, Obama) it’s a powermad president (FDR) or it’s a communist congress (under Reagan / Bush I / Bush 2), or its a president preoccupied with his pickle (Clinton, Kennedy).
The public and stock market are voting on Obama. This is far more accurate than the phony polls the Ny Times,CBS and Wash Post keep spewing out.
(Beware, soon they will be saying the “stimulus worked”)
The Conference Board’s index of leading economic indicators has risen for two months in a row.
Producer prices have increased for two straight months.
Consumer prices rose in January — the first monthly gain in six months.
The Baltic Dry Index, which measures the cost of shipping key raw materials like copper, steel and iron, has more than doubled from its recent lows.
Existing-home sales rose in December, and participants in our weekly survey think that another rise took place in January.
Pending home sales went up in December.
Builders’ confidence inched up this month.
Thanks to lower interest rates, applications for both new mortgages and refinancings of existing mortgages are rising.
Real hourly earnings rose 4.5% in December following a 3.3% increase in November.
An index of consumer expectations rose in January.
Retail sales shot up by 1% in January — the first monthly rise since June.
They didn’t poll me, but I’m of the same opinion. The economy is going down, and we’ll see the deepening of the Great Depression throughout 2009 and maybe into 2010.
The only good news for the political sphere, is that it won’t recover in time to do Obama any good. That should give Republicans ammunition to convert former Obama voters to a candidate that will do better, as long as the Republicans can convince those former Obama voters that it’s in their best interests...
If they can’t then we’ll get four more years of Obama, anyway...
Of course, the MSM would give Porkulus credit for a recovery, even one that began a month before it was passed.
Just wait till they look at the REITs.
Commercial real estate is next! http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=all
Recipe for Disaster: The Formula That Killed Wall Street
By Felix Salmon
In the mid-’80s, Wall Street turned to the quants—brainy financial engineers—to invent new ways to boost profits. Their methods for minting money worked brilliantly... until one of them devastated the global economy.
Of course, that is how government works.....in order to rob us of our earnings they make us believe WE NEED TO BE ROBBED, so we will actually welcome it.
Americans have no patience....and we needed a leader who could preach it, instead the MSM gave us a “savior”.
Okay, time to “trot out” Hitler’s problems...
Problems Hitler had with his mortgage...
http://www.youtube.com/watch?v=bNmcf4Y3lGM
—
Also, “Ballad of Bernie Madoff”
http://www.youtube.com/watch?v=n8pcME4MMj0
This is just silly. Real earnings rose 2.2 in November, 1.1 in December and fell .1 in January.
http://www.bls.gov/news.release/realer.t01.htm
Very true, but that could really work against The Messiah in about 6 months.
Be prepared.
Under Republicans....everything is bad....under Dems’s, its all good.
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