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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST
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To: TobagoJack who wrote (36528)7/4/2008 3:54:51 AM
From: energyplay  Read Replies (1) of 217591
 
The US lost about 62,000 jobs last month. Considering gasoline prices, sub prime hitting financial firms, and dropping home values, that number should have been more like 300,000 to a million.

I think there is a quiet export boom going on. Some of it is called tourism and shopping trips by Europeans.

Some of the positive economic effect may be some ongoing effect of the internet related productivity improvements.

Also, many companies are staying very lean - people who would be laid off today had their jobs outsourced to India 4 years ago, so there is less to cut here in the US.
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