View Single Post
Old 02-18-2010, 09:27 PM   #9
baja
Happy camper
 
baja's Avatar
 
Sweet

Join Date: Apr 2001
Location: in the present moment
Posts: 59,999

Adopt-a-Bronco:
Ware
Default

Quote:
Originally Posted by barryr View Post
Thank goodness the economy is improving so much according to the left or who knows where things would be at. But keep that spending going, that'll surely bring down the debt, forget though that goes against even Economics 101.

Jobless Claims, Inflation Jump as Economy Wobbles
Published: Thursday, 18 Feb 2010 | 8:39 AM ET Text Size By: Reuters

The number of U.S. workers filing new applications for unemployment insurance unexpectedly surged last week, while producer prices increased sharply in January, raising potential hurdles for the economic recovery.

Initial claims for state unemployment benefits increased 31,000 to 473,000, the Labor Department said on Thursday. That compared to market expectations for 430,000.

Another report from the department showed prices paid at the farm and factory gate rose a faster than expected 1.4 percent from December after a 0.4 percent gain in December, as higher gasoline prices and unusually cold temperatures helped boost energy costs.

"When you have PPI moving up and still no progress in the jobs situation, that doesn't bode well for continued improvement in equity prices," said Alan Lancz, president at Alan B. Lancz & Associates in Toledo, Ohio.

http://www.cnbc.com/id/35457298
Dude you are standing knee deep in a barrel of shiit and you are arguing who filled it up. Isn't that missing the point?
baja is offline   Reply With Quote