Posted on 08/12/2010 8:02:20 AM PDT by traumer
Increase In US stock-index futures is down this morning as the initial jobless claims rose from 482,000 to 484,000, according to figures released by the Labor Department this mourning. The figure was higher than the forecasted 465,000.
The claims figure was consistent with economic data released earlier this week which suggests more stimulus maybe needed for the global economy. The Federal Reserve said that economic recovery is slowing down and has been buying US debt to hold interest rates down. Bank of England also downgraded their inflation and growth forecasts. In China, retail sales growth eased and new loan volumes also declined.
September contracts on the S&P 500 index is down 4.5 points to trade at the 1080.5 level. Dow Jones, Nasdaq 100, and S&P/TSX 60 index are all trading down 34, 9.5, and 0.3 points, respectively.
After filing for Chapter 11 bankruptcy on June 1, 2009, General Motors announced today that it is looking to raise $12 billion to $16 billion in its initial public offering. The US government currently owns 61% of the company.
In Europe, Londons FTSE 100 index and Germany`s DAX index is down 0.16 and 0.5%, respectively, on afternoon trading.
In Canada, the S&P/TSX Composite closed down 2% yesterday.
(Excerpt) Read more at proactiveinvestors.com ...
I have been job hunting like crazy. Last 3 weeks I have been getting new response to my application. These new responses all say "We have decided not to fill this job at this time."
So hiring managers are headed back into the bunker. Look for the hiring numbers to drop even father and the firing numbers to go up.
This is going to get much worse before it gets better
I knew the word “unexpected” would show up at some point. :)
“Unexpected” Yea, by who? My pet rock?
Yet another “UNEXPECTED” data point.
“Unexpected” means that it is still Bush’s fault.
More bs from the lying mediots of the MSM in bed with Lord 0haha again they over use "unexpected"!
DEPRESSION... anything else is just a lie.
LLS
Wonder if the idiots who write this stuff have any idea how ridiculous “unexpected” has become? Probably not; most of them live in a marxist fantasy world and cabalist/journolist echo chamber...
Please put New Orleans “looter guy” in line with others looking for handout.
...she would appear on FR quite often during the next year or two...
.
Thanks!
I miss GW everyday, when I visit FR and see what Lord 0haha and his left wing thugs are doing to our country and to the good Americans in America.
Unexpected???
We ain’t seen nothing yet!
Remember barbed wired “paradise” USSR?
http://www.facebook.com/album.php?aid=253292&id=361997510504
Thanks.
The soldier shaking GW’s hand didn’t have to wash and disinfect his hand afterwards.
Let me make an announcement to the PRESS...
EXPECT THAT ALL OF THESE NUMBERS WILL BE NEGATIVE UNTIL OBAMA IS OUT OF OFFICE.
If they can’t figure that out, then they are fools and will never “expect” the numbers to continue to fall into the abyss that is Socialism and Communism.
I want to know how I get a job where I can be wrong every month, be surprised by my being wrong and still keep my job. Talk about sweet.
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