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| 2006/2/22-23 [Politics/Domestic] UID:41953 Activity:moderate |
2/21 http://news.yahoo.com/s/ap/20060222/ap_on_bi_ge/economy Leading economic indicators rise. Bushenomics works. Time for liberal critics to shut the fuck up. \_ Still no wage growth. Woops! \_ WTF. decifit spending always gives a short term economic boom. Further, baby boomers are at their salary/wage peak right now (right before they start to retires)... of course things are somewhat rosy right now... \_ why don't you just admit that you hate Republicans you hippie king \_ Okay, I hate Republicans. That doesn't change the fact that Chimp King is running the country into the ground. \_ "I hate <opposing party members>. That doesn't change the fact that <childish name for opposing party leader> is running the country into the ground." \_ Speak truth. If it is true, it doesn't matter whom I hate. \_ Of course it does. Why must the obvious be spelled out? It always ruins the joke: you believe the country is being run into the ground *because* you hate the opposing party. If your party was doing the *exact* same things you'd find a way to rationalise and defend it. Sheesh. \_ I am not the previous poster, but I am an independent and I think the GOP is running the country into the ground economically. A negative nationwide savings rate is the quickest and surest way to impoverishment. \_ I agree that a negative savings rate is bad. Which GOP policy made that happen and what policy change do you propose to change that? \- if the "country is run into the ground" but you can go to private hospitals, send your children to private schools and private universities and get private insurance in case of hurricanes and hire private security, and you get all your books and DVS at AMAZONG or netflicks and subscribe to your own magazines, you care a lot less about the deterioriating infrastructure. also richer people are better able to hedge against dollar falling. although i have fairly little symphathy for either yuppies making good money who are spending beyond their means or people with more modest incomes who do as well ... but i do kind of wonder what will happen when the shit hits the fan [after the gop dupes them into supporting repeal of the "death tax" or under funded school voucher programs]. and DVS at AMAZONG or netflicks and subscribe to your own magazines, you care a lot less about the deterioriating infra- structure. also richer people are better able to hedge against dollar falling. although i have fairly little symphathy for either yuppies making good money who are spending beyond their means or people with more modest incomes who do as well ... but i do kind of wonder what will happen when the shit hits the fan [after the gop dupes them into supporting repeal of the "death tax" or under funded school voucher programs ]. i think maybe the gop will institute "slavery-light". \_ ok that was uhm, long, but what exactly was the GOP policy that is causing people to not save and what policy would you suggest to encourage savings? \_ They already did. See bankruptcy "reform" \- oh, i was more thinking of this plan to admit aliens with strings attached. like "you can stay in this country as long as you are doing a shitty job for sub-mkt wages and non-legal working conditions". |
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| news.yahoo.com/s/ap/20060222/ap_on_bi_ge/economy By ALEKSANDRS ROZENS, AP Business Writer Tue Feb 21, 7:02 PM ET NEW YORK - A closely watched gauge of future economic activity rose sharply in January, suggesting the nation's economy could see robust growth in the spring, a private research group said Tuesday. Conference Board said its Index of Leading Economic Indicators rose 11 percent last month, better than the 05 percent gain expected by market analysts. January's increase follows a 03 percent increase in December. The gain in December's leading economic indicator was revised upward from what was originally reported as a 01 percent increase, according to Ken Goldstein, the Conference Board's labor economist. The leading index's January increase reflects improvement in six of 10 components, including stock prices and building permits. The index has increased 23 percent from July 2005 to January 2006. "The economy got off to a good start (early) in the first quarter," said Joe LaVorgna, chief fixed-income economist at Deutsche Bank Securities Inc. In addition to the gain in the group's leading index, its coincident index, a measure of the current economy, rose 02 percent in January, following a 02 percent increase in December. "The coincident economic indicators have been rising moderately but steadily in recent months, suggesting the economy is sustaining a relatively moderate pace," Goldstein said in a statement accompanying the data. "The Leading Economic Index, however, rose sharply in three of the last four months. That could be a signal of a faster pace this spring," Goldstein added. But economists like LaVorgna and Stephen Stanley, chief economist at RBS Greenwich Capital Markets, warned that some of the gains made in January may have been exaggerated by warm weather that encouraged construction activity, retail spending and vehicle sales. Some of the gains seen last month, they warned, may take away from economic growth in future months. Federal Reserve will keep raising interest rates to pre-empt inflation. Minutes from a January central bank meeting released Tuesday also suggested that interest rate decisions could become less predictable and the Fed would rely more on short-term economic prospects than a more sweeping monetary policy. The sunny economic news did not boost demand for stocks Tuesday because the better-than-expected gains in the Conference Board's report portend more Fed rate hikes. Hosted CRM As a SugarCRM" premier business partner, ActionCRM offers deployment planning, data migration, system integration, custom training and On-Demand services to its clients. The information contained in the AP News report may not be published, broadcast, rewritten or redistributed without the prior written authority of The Associated Press. |