Posted on 06/24/2010 8:58:25 AM PDT by NormsRevenge
NEW YORK – Stocks and interest rates are falling sharply as investors grow more pessimistic about the economic recovery.
Reports on jobless claims and durable goods orders Thursday are contributing to investors' darker view of the economy. The reports follow the Federal Reserve's more cautious take on the recovery on Wednesday.
Interest rates are dropping in the Treasury market as investors opt for the smaller but safer returns that bonds offer. The yield on the 10-year note fell to 3.09 percent from 3.12 percent.
(Excerpt) Read more at news.yahoo.com ...
Reality lurks along the road ahead.
Ahem.
Precious metal ETF's are up right now about two percent ... including both metal repository and mining stock funds.
This behavior is a classic leading indicator of impending mega-inflation.
Obamanomics works.
This is unexpected.
Recovery? Recovery?!
Haaaaaaaaahaaaaaaaa.
Whoo boy, those SCM/Obamabot types are really doing their best to manufacture a recovery. The morons don’t realize that you can’t control an economy simply through psychology.
Bwwaaaaahaaaaaahaaaaaaa.
Thus, a backtrack was to be expected.
Notice the deceptionary and propagandized words in describing the numbers....it makes me sick.
“Stocks retreat as recovery remains sluggish”
If by sluggish you mean nonexistent, then I guess this story would be accurate.
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