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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (1474)	6/25/2014 10:36:32 AM
From: robert b furman	Read Replies (2) \| Respond to of 26581

Largest member of the deer family Alaskan Moose. I love to eat organic beef.<smile> Bob

To: Jerome who wrote (1474)	6/25/2014 11:43:59 AM
From: Kirk ©	Respond to of 26581

Here is some really good economic news markiteconomics.com Data collected 12 – 24 June. June data indicated a sharp and accelerated expansion of business activity across the U.S. service sector. At 61.2, up from 58.1 in May, the seasonally adjusted Markit Flash U.S. Services PMI™ Business Activity Index1 signalled the fastest rate of growth since the survey began over four-and-a-half years ago (surpassing the previous peak in February 2010). / The headline ‘flash’ PMI figure, which is based on approximately 85% of usual monthly replies, suggests that the performance of the service sector has picked up sharply across the second quarter of 2014. At 58.1, the average PMI reading in Q2 2014 is much higher than that seen in Q1 (55.1). .... Comment: Commenting on the flash PMI data, Chris Williamson, chief economist at Markit said: “Business activity in the US service sector surged higher in June. A record high in the services PMI follows news from the flash manufacturing PMI that factory output grew in June at the fastest rate for just over four years. Combined, the two PMI surveys indicate that business activity is growing at the strongest rate seen since prior to the financial crisis. “Second quarter GDP data are therefore likely to show a strong recovery after the 2.9% annualised decline seen in the first quarter. Growth in excess of 3.0% would not be a surprise. Importantly, this is not just a rebound from the weather-related disruptions to business seen earlier in the year. Companies are reporting strong demand for goods and services, linked to growing confidence among households and business customers, setting the scene for further robust economic growth as we move into the second half of the year. “Improved confidence has fed through to increased hiring. Manufacturing and services sector firms took on staff at the fastest rate that we have seen since the financial crisis, boding well for another month of 200,000-plus non-farm payroll growth in June.”

To: Jerome who wrote (1474)

6/25/2014 2:29:00 PM

From: Kirk ©

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Read Replies (1) | Respond to of 26581

We probably have one of the few places I've seen on the internet where we remain "reasonably polite" to those we don't see exactly eye-to-eye with when it comes to politics. Thanks for hanging in when some of us get a bit too personal.

I'm not sure if the great gains we've seen are due to the current administration or inspite of it. Also, a good percentage of the population have not see the massive wealth gains some of us have seen over the past five years... probably because they panicked out when they saw who would take over the white house... I know one family that sold everything almost at the bottom and they were huge Obama supporters... makes you wonder.

For sure we've seen this, in large part due to the idiotic idea spending a ton of money for a college degree is the cause of a good paying job rather than smart people who would have excelled without college got a degree to do even better.

and

and anyone "retired early" and not working hard who suddenly finds they get subsidized medical care as long as they don't take too many capital gains to pay bills likes the guy in the blue shirt implementing Obama's ACA.