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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: i-node who wrote (528220)	11/12/2009 10:28:24 AM
From: Alighieri	Read Replies (2) \| Respond to of 1585942

And unemployment is over 10%, and far worse than that if you count the people who have given up looking. Another gargantuan turd left behind by the bush administration with which obama is having to deal. Al

To: i-node who wrote (528220)	11/12/2009 12:00:19 PM
From: RetiredNow	Respond to of 1585942

Obviously you know nothing. Employment is a lagging indicator. The stock market is a leading indicator. To translate that for you, when the stock market moves this sharply upwards, it is presaging a recovery, which we now know is well under way. The stimulus dollars started taking effect during the summer and is now a steady flow. Even prior to that, the low rates by the Fed and the support for the big banks and insurance companies by SecTreas, have done there trick. That is why the stock market took off. The smart money knew that with all cylinders of gov't backing a recovery, it would become inevitable. As far as employment, that is the last thing to recover when a recovery takes off. The fact that you don't know this, should tell anyone who knows anything about the economy all they need to know about you. Jobs will come as part of a recovery. They always do. If you are betting against this recovery because of your rightwing ideological bent, then you are simply costing yourself money. That's not very smart.