Posted on 08/27/2010 12:22:51 PM PDT by truthandlife
Stocks rose Friday and bond prices fell after the government reported that U.S. economic growth didn't slow as much as feared.
Comments from Ben Bernanke also helped send stocks higher. The Federal Reserve chairman, speaking at the central bank's annual conference, reaffirmed his outlook for economic growth next year and said the Fed was ready to take extra steps to stimulate the economy if needed.
Stocks stumbled briefly after Intel Corp. lowered its revenue estimate but then resumed their upward march. The Dow Jones industrial average and other market barometers all gained more than 1 percent.
The downward revision in second-quarter economic growth was steep, but not quite as bad as economists expected. That helped encourage investors to take money out of safe investments like Treasurys and put it to work in the stock market. Yields on Treasurys, which help set interest rates on loans like mortgages, rose sharply as their prices fell.
The Commerce Department reported that gross domestic product grew at a 1.6 percent rate in the April-to-June period. That's still way down from its earlier estimate of 2.4 percent but not as bad as the 1.4 percent expected by economists.
(Excerpt) Read more at chron.com ...
Both are libtard news outlets.....Houston Chronicle and the AP....where denial is more the truth than telling the actual truth. =.=
When I was coming up, we’d have said “frighteningly.” I guess nowadays it’s okay to bastardize words; their teachers sure as hell don’t know the difference.
I hate to hear people say “he ‘commentated’ on this or that,” or “we ‘conversated’ about it.”
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I agree completely! It grates on me to think that I have never had a language class post high school but it would appear that I am better qualified to teach English than ninety percent of the people who do. I am sometimes left wondering whether people even know what it is they are trying to say. When you have an idiot in the White House saying that some people will save “3000 percent” on their health insurance it doesn’t help matters any.
Bravo, that needs to be up on billboards all over this country.
That is truly wonderful. May I ask where you got it?
Did you make it?
I love that - saw the premiere in Seattle for the play
a few years ago. Laughed until I cried.
According to Hussein's plan this is a success. He's not stupid. He is evil.
I agree with you that Obama is evil.
However, the US Federal government going into this much new debt is an attempt by them to keep people from realizing the economic deflationary depression that we're in.
The international banking system is the one causing this depression by removing credit (money) from the system intentionally.
The point I'm trying to make is this: the public really needs to begin focusing more on the evil banking structure right now than the evil governmental structure. They're both evil, but in their own greedy ways.
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