U.S. Economy: Leading Index Shows Recession May Be Nearing End

I wonder how the GOP will spin this? Oh,I know,they'll yakkity yak about rising unemployment while failing to acknowledge that those figures always lag behind......

U.S. Economy: Leading Index Shows Recession May Be Nearing End

July 20 (Bloomberg) -- The index of U.S. leading indicators rose in June for a third consecutive month, reinforcing signs the economy may be emerging from the worst recession in five decades.

The Conference Board’s gauge of the economic outlook for the next three to six months increased 0.7 percent, more than forecast, after a revised 1.3 percent gain in May, the New York- based research group said today. It is the first time the index has climbed for three months in a row since 2004.

Smaller job losses, rising stock prices and stabilization in homebuilding and manufacturing are evidence that government efforts to stem the financial crisis and lower borrowing costs may pay off. A jobless rate that is forecast to reach 10 percent and falling home values are a reminder that any expansion will be muted as consumers rein in spending and boost savings.

“The numbers are signaling an outright turning point,” said James O’Sullivan, a senior economist at UBS Securities LLC in Stamford, Connecticut. “The recession will end in the third quarter. We’re moving in the right direction.”

Artie60438 wrote:

I wonder how the GOP will spin this? Oh,I know,they'll yakkity yak about rising unemployment while failing to acknowledge that those figures always lag behind......

U.S. Economy: Leading Index Shows Recession May Be Nearing End

July 20 (Bloomberg) -- The index of U.S. leading indicators rose in June for a third consecutive month, reinforcing signs the economy may be emerging from the worst recession in five decades.

The Conference Board’s gauge of the economic outlook for the next three to six months increased 0.7 percent, more than forecast, after a revised 1.3 percent gain in May, the New York- based research group said today. It is the first time the index has climbed for three months in a row since 2004.

Smaller job losses, rising stock prices and stabilization in homebuilding and manufacturing are evidence that government efforts to stem the financial crisis and lower borrowing costs may pay off. A jobless rate that is forecast to reach 10 percent and falling home values are a reminder that any expansion will be muted as consumers rein in spending and boost savings.

“The numbers are signaling an outright turning point,” said James O’Sullivan, a senior economist at UBS Securities LLC in Stamford, Connecticut. “The recession will end in the third quarter. We’re moving in the right direction.”

Well, Cap & Trade and this Health Reform Bill will shoot this right in the ass...IF they are passed, that is. Not 100% support, from what I have been reading...

Dow tops 9,000 for first time since January

Artie60438 wrote:

Dow tops 9,000 for first time since January

DJI at 9,000 is nothing to feel good about...wait until it hits at least 10,000 and doesn't fall below. Actually, you should be more concerned with the Standard and Poors index. It is a much broader indicator of how healthy our economy and more important, small business. No charge for the FREE financial advice.

LoisLane wrote:

Artie60438 wrote:

Dow tops 9,000 for first time since January

DJI at 9,000 is nothing to feel good about...wait until it hits at least 10,000 and doesn't fall below.

It sure feels a whole lot better then 7,949.09 which is where it was at when worst President ever left office.

Quote :

Actually, you should be more concerned with the Standard and Poors index. It is a much broader indicator of how healthy our economy and more important, small business. No charge for the FREE financial advice.

Thanks for reminding me.

When Bush left 805.22

As of this moment 976.75

So percentage wise the S&P has gained an even bigger percentage

Got any more "FREE financial advice"? :bball:

Artie60438 wrote:

LoisLane wrote:

Artie60438 wrote:

Dow tops 9,000 for first time since January

DJI at 9,000 is nothing to feel good about...wait until it hits at least 10,000 and doesn't fall below.

It sure feels a whole lot better then 7,949.09 which is where it was at when worst President ever left office.

Quote :

Actually, you should be more concerned with the Standard and Poors index. It is a much broader indicator of how healthy our economy and more important, small business. No charge for the FREE financial advice.

Thanks for reminding me.

When Bush left 805.22

As of this moment 976.75

So percentage wise the S&P has gained an even bigger percentage

Got any more "FREE financial advice"? :bball:

Yes...if you're younger than 40, buy GeneralMotors...

Employers cut just 247,000 jobs in July; jobless rate dips, strong signal recession ending

WASHINGTON (AP) -- Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.

It was a better-than-expected showing that offered a strong signal that the recession is finally ending.

The new snapshot, released by the Labor Department on Friday, also offered other encouraging news: workers' hours nudged up after sinking to a record low in June, and paychecks grew after having fallen or flat lined in some cases.

To be sure, the report still indicates that the jobs market is on shaky ground. But the new figures were better than many analysts were expecting and offered welcomed improvements to a part of the economy that has been clobbered by the recession.
http://finance.yahoo.com/news/Job-losses-slow-to-247000-apf-3455968974.html?x=0&sec=topStories&pos=main&asset=&ccode=

Artie60438 wrote:

Employers cut just 247,000 jobs in July; jobless rate dips, strong signal recession ending

WASHINGTON (AP) -- Employers throttled back on layoffs in July, cutting just 247,000 jobs, the fewest in a year, and the unemployment rate dipped to 9.4 percent, its first decline in 15 months.

It was a better-than-expected showing that offered a strong signal that the recession is finally ending.

The new snapshot, released by the Labor Department on Friday, also offered other encouraging news: workers' hours nudged up after sinking to a record low in June, and paychecks grew after having fallen or flat lined in some cases.

To be sure, the report still indicates that the jobs market is on shaky ground. But the new figures were better than many analysts were expecting and offered welcomed improvements to a part of the economy that has been clobbered by the recession.
http://finance.yahoo.com/news/Job-losses-slow-to-247000-apf-3455968974.html?x=0&sec=topStories&pos=main&asset=&ccode=

Not a true barometer at all...it does not reflect those people whose benefits ran out last month.

Artie60438 wrote:

Consumer confidence soars... Sentiment reading increased to 54.1 in August, well above economists' expectations.

I read just yesterday, that the Cash-For-Clunkers program will have a huge impact on this coming Christmas shopping season...The reason being that many people bought new cars before they really wanted to , so as to take advantage of the Cash-For-Clunkers program, and may adversely affect Holiday shopping...

Ooopppsss...looks like it ain't over yet!

Quote :

Regulators close Ga. bank; 95th US failure in '09
By MARCY GORDON, AP Business Writer

WASHINGTON – Regulators on Friday shut down Atlanta-based Georgian Bank, the 95th U.S. bank to fail this year as loan defaults rise in the worst financial climate in decades.

In coming months, more banks are expected to buckle under the weight of commercial real estate and other loans that go sour. Those failures could imperil the insurance fund for deposits, already at the lowest point in nearly 20 years.

The Federal Deposit Insurance Corp. took over Georgian Bank, with about $2 billion in assets and $2 billion in deposits as of July 24. First Citizens Bank and Trust Co., based in Columbia, S.C., agreed to assume the assets and deposits of the failed bank. Georgian Bank's five branches will reopen Monday as offices of First Citizens Bank.

http://news.yahoo.com/s/ap/20090925/ap_on_bi_ge/us_bank_closures/print

LoisLane wrote:

Ooopppsss...looks like it ain't over yet!

Quote :

Regulators close Ga. bank; 95th US failure in '09
By MARCY GORDON, AP Business Writer

WASHINGTON – Regulators on Friday shut down Atlanta-based Georgian Bank, the 95th U.S. bank to fail this year as loan defaults rise in the worst financial climate in decades.

In coming months, more banks are expected to buckle under the weight of commercial real estate and other loans that go sour. Those failures could imperil the insurance fund for deposits, already at the lowest point in nearly 20 years.

The Federal Deposit Insurance Corp. took over Georgian Bank, with about $2 billion in assets and $2 billion in deposits as of July 24. First Citizens Bank and Trust Co., based in Columbia, S.C., agreed to assume the assets and deposits of the failed bank. Georgian Bank's five branches will reopen Monday as offices of First Citizens Bank.

http://news.yahoo.com/s/ap/20090925/ap_on_bi_ge/us_bank_closures/print

The damage from GW Bush continues.

Btw,there were over 1600 bank failures during the period of 1980-1994. Guess who was President for almost all of that time? Reagan & Bush 1.

More "head up your ass" logic...read the article.

LoisLane wrote:

More "head up your ass" logic...read the article.

Hmmm.....I responded with facts that you obviously couldn't refute,and you,as usual,respond with absolutely nothing that advances the discussion.

Artie60438 wrote:

LoisLane wrote:

More "head up your ass" logic...read the article.

Hmmm.....I responded with facts that you obviously couldn't refute,and you,as usual,respond with absolutely nothing that advances the discussion.

So, how long are you DUMBOCRATS going to use George W. Bush as a scapegoat?

LoisLane wrote:

Artie60438 wrote:

LoisLane wrote:

More "head up your ass" logic...read the article.

Hmmm.....I responded with facts that you obviously couldn't refute,and you,as usual,respond with absolutely nothing that advances the discussion.

So, how long are you DUMBOCRATS going to use George W. Bush as a scapegoat?

Probably for at least the same length of time you righties blamed Jimmy Carter for everything. Whether you like it or not,Americans still blame Bush. Even your buddies at Rasmussen agree.

More bad news for Lois.........

U.S. Consumer Spending Jumps by the Most Since 2001

LoisLane wrote:

Artie60438 wrote:

Dow tops 9,000 for first time since January

DJI at 9,000 is nothing to feel good about...wait until it hits at least 10,000 and doesn't fall below. Actually, you should be more concerned with the Standard and Poors index. It is a much broader indicator of how healthy our economy and more important, small business. No charge for the FREE financial advice.

Yoo hoo......Anybody home? :rolfcry:

Dow industrials close over 10,000 for 1st time in a year

[/quote]Investor Index Jumps to Highest Level Since 2008

The Rasmussen Investor Index, which measures the economic confidence of investors on a daily basis, has jumped to the highest level since the collapse of Lehman Brothers thirteen months ago.

At 95.5, the Investor Index is up nine points from a week ago, up eight points from a month ago and up 32 points from the beginning of the year.

Artie,
To claim a real boost in sales compared to last October is not understanding what happened a year ago. To claim October is showing signs of recovery is BS. It doesn't take much to out perform last October since it was so crappy