[Steven W.]

Sometimes I'm left to wonder if the DemoncRATs, bears and goldbugs, or anybody else with a vested interest in seeing the country and US economy fail are simply not paying attention or whether they're totally adverse to ever recognizing anything that in any way possibly resembles or reflects good news. Well, on days like today, when there's such a wealth of incredible good news on the economy out, so much so that the bond / treasury market takes it on the chin, once again, and the likes of Willie Brown or the myriads of goldbugs and Puplava's disciples can't bring themselves to post any of the reports, for the whole day, even, one apparently needn't wonder any longer ;)

[JNB]

I guess the news was not all that good, seeing how the market tanked in the last hour. As for bonds taking it on the chin, as I saked you in a previous post, do you know t he full rammifications of rising bond yeilds are? Can we say the end of the re-fi boom?

[vannrox]

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The REAL reason why the unemployment claims numbers dropped sharply:

It is a yearly event that major companies undergo plant shutdowns in early July, usually for two weeks. The masses of blue collar workers all apply for unemployment compensation. Even though they have a one week waiting period, they never-the-less get one week of unemployment.

This happens every year, and both parties exploit this fact. Either knowingly or unknowingly.

The truth is that the unemployment numbers are still rather high, and p[eriodic fluxuations that normally occur have and do occur. The largest segment of the unemployed population are the individuals in the 35 to 50 age range, with the majority being laid off with benefits exhaused and job prospects scarse. Most are college educated and involved in the hard sciences.

Further information on the makeup and characteristics of the unemployment situation is easy. Just go to the Department of Employment and Training and ask.


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[IronJack]

The doomsayers will still manage to either ignore this or spin it to the negative. This entire recession is a fiction created and sustained by the Left to discredit a Republican administration. Think "It's the economy, stupid" reprised.