More Good News: No recession in sight! - Benzworld.org

Jayhawk · 04-30-2008, 08:19 AM

Economic growth in Q1 is better than forecast!

Please note the headline said "GROWTH" which means we are at least six months away from a recession--if one ever materializes. I'm sure everyone here will be very pleased w/ the news! Right bear?

BEA: News Release: Gross Domestic Product

Weak 0.6% economic growth in Q1 is better than forecast - USATODAY.com

Jayhawk · 04-30-2008, 08:24 AM

And the good news just keeps on comming... "Federal, state and local governments are hiring new workers at the fastest pace in six years!"

Hiring leaps in public sector - USATODAY.com

yoseyman · 04-30-2008, 08:24 AM

So do you think the fed will not lower the funds rate today?

yoseyman · 04-30-2008, 08:26 AM

Quote:

Originally Posted by Jayhawk

And the good news just keeps on comming... "Federal, state and local governments are hiring new workers at the fastest pace in six years!"

Hiring leaps in public sector - USATODAY.com

I love to hear about job growth. But if the jobs are all government, who pays their salary?

the clk man · 04-30-2008, 08:28 AM

I do BITCH.

**cmitch** · 04-30-2008, 08:28 AM

A recession is 6 consecutive months of economic downturn. We're not in a recession- period. But, that fact seems to flee from the minds of most here who claim to be economists. I won't argue the fact the economy has slowed- it has. But that hardly qualifies as a recession.

Jakarta Expat · 04-30-2008, 08:29 AM

Quote:

Originally Posted by yoseyman

I love to hear about job growth. But if the jobs are all government, who pays their salary?

Chinese, Midle East countries anyone who buys US bonds.............1 piece at a time Yose, 1 piece at a time

yoseyman · 04-30-2008, 08:31 AM

Quote:

Originally Posted by Jakarta Expat

Chinese, Midle East countries anyone who buys US bonds.............1 piece at a time Yose, 1 piece at a time

And those Bonds are worth how much?

Jayhawk · 04-30-2008, 08:31 AM

Quote:

Originally Posted by yoseyman

So do you think the fed will not lower the funds rate today?

Yes, but I think it will be the last rate cut for the foreseeable future.

Jayhawk · 04-30-2008, 08:32 AM

Quote:

Originally Posted by yoseyman

I love to hear about job growth. But if the jobs are all government, who pays their salary?

Job growth is job growth. I don't much care where it comes from. We all pay for private sector jobs too when we buy the products. And they all pay taxes!