Reply #16: Ok... [View All]

[neuvocat]

“When you think about the news that’s come in, the jobs report,"

We were supposed to have "turned the corner" by now.

"the recent report on strong economic growth,"

Mass layoffs at GM don't happen during time of "strong economic growth".

"low inflation,"

2+ dollar per gallon gas prices to not indicate low inflation, not in the U.S.

"strong productivity,"

From what, outsourcing?

"lower gasoline prices,"

They'll never ever go below 2 bucks again. Ever. That's why hybrids are bcoming popular.

"a strong housing market,"

The housing market is a bust. The only reason more homes were purchased last month is because the prices were too high to begin with. Less than 12% of the purchasers could afford one. It may be at the most 15%, but lets see just how long those people can afford to keep their new homes.

"increases in consumer confidence and business investment."

We're not getting stellar reports from the shopping malls after Black Friday. Even Wal Mart is struggling and the Good Guys retail chain is going under.

"Our economic horizon is as bright as its been in a long time,” he added.

He probably said the same thing at Arbusto.