The economy, is it good or bad. (Page 95/181)
Phranc DEC 05, 08:38 PM
DOW up 196.23
Nas up 46.53
S&P up 22.22

http://www.foxbusiness.com/...uarter_389914_3.html

quote
Worker productivity roared ahead at the fastest pace in four years in the summer while wage pressures dropped sharply.

The Labor Department reported Wednesday that productivity, the amount of output per hour of work, was up at an annual rate of 6.3% in the third quarter, the best showing since the summer of 2003, and far bigger than had been expected.

Meanwhile, wage pressures slowed with unit labor costs dropping at a rate of 2% in the third quarter, the biggest decline in four years.

The combination of stronger productivity growth and fewer wage pressures should ease concerns about inflation at the Federal Reserve and help clear the way for another cut in interest rates next week to guard against the threat the economy could tumble into a recession.

Rising wages are good for workers. But if higher wages are not accompanied by strong productivity gains, they raise concerns among Fed policymakers about inflation.

The 6.3% increase in productivity was a significant upward revision from an initial estimate a month ago of a 4.9% increase, reflecting the fact that total output was revised higher.



Thats good news.
fierobear DEC 06, 03:04 AM

quote
Originally posted by 84Bill:


Link?



here
Firefighter DEC 06, 02:27 PM
WOW - I posted a comment on this topic, I think about 8 months ago and it is still alive. Way to go Bill.
I'll post again on December 22, 2012, if there is going to be a December 22, 2012. For those not familar with December 21, 2012, please look it up. Those saving up for retirement after that date may wish to rethink the initiative. Oh, put your $$$$$$$$$$$ in Bank CD's. I know those evil bankers don't deserve the courtesy, but each account is guaranteed by Uncle Sam up to $ 100,000. The stock market makes Las Vegas look good. Ed

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Pyrthian DEC 06, 02:42 PM

quote
Originally posted by Firefighter:

WOW - I posted a comment on this topic, I think about 8 months ago and it is still alive. Way to go Bill.
I'll post again on December 22, 2012, if there is going to be a December 22, 2012. For those not familar with December 21, 2012, please look it up. Those saving up for retirement after that date may wish to rethink the initiative. Oh, put your $$$$$$$$$$$ in Bank CD's. I know those evil bankers don't deserve the courtesy, but each account is guaranteed by Uncle Sam up to $ 100,000. The stock market makes Las Vegas look good. Ed




December, 2012? when the mortage "bailout" lockdown is over?
84Bill DEC 06, 05:24 PM

quote
Originally posted by fierobear:
here



I dont see anything about somone runing bad news bills day anywhere in this entire thread..

A post perhaps?
84Bill DEC 06, 05:28 PM
Foreclosures reach record high
Lenders report sharp rise in foreclosures along with the highest level ever of homeowners seriously late in payments, and warned worst is still ahead.
NEW YORK (CNNMoney.com) -- The rate of homeowners going into foreclosure or falling dangerously behind on their mortgage payments hit record highs in the third quarter - signs the real estate meltdown will worsen over the next year, a banking group said Thursday.


Consumer spending down in November
Discover's consumer spending index declines, as high cost of household expenses weakens confidence in economy.
NEW YORK (AP) -- Discover Financial Services said Wednesday its consumer spending confidence index, which surveyed 14,000 adults about their spending habits, showed a sequential decline in consumer spending.

The November index declined to 93.4 from 96.5 in October, as consumers felt less confident about the economy and their personal finances.
fierobear DEC 06, 05:47 PM
Dow up 174 points to 13,619 today
84Bill DEC 06, 05:58 PM
Service sector growth below forecast
November's slow expansion is seen as evidence that high oil prices and bad credit market have had an impact on the overall economy.

NEW YORK (AP) -- The nation's service sector showed further expansion in November, but at a pace slower than the month before and below analysts' expectations.

It was further evidence that the nation's economy has been cooling in the face of higher oil prices and a tighter credit market.
aceman DEC 06, 07:23 PM
Hmmmmm, Bill, you forgot to bold the word GROWTH in that last post!

There is still GROWTH!
84Bill DEC 06, 07:39 PM

quote
Originally posted by aceman:

Hmmmmm, Bill, you forgot to bold the word GROWTH in that last post!

There is still GROWTH!



Growth is inevitable and not worth mentioning unless it is substantial. The thread is about the economy and weather it is good or bad.. not about a growth...

But here take this quarter's worth of my opinion, go downtown, and have a rat gnaw that growth off your face.