Second wave down and i think it will be much worse than the first because we dont have the money to bail out much more banks and China dosnt seem to want more of our debt. Very bad and very deep times to come.
I also think that the ongoing unemployment and foreclosure numbers will hold the market back. We are far away from being out of the woods, and eventually the Fed will have more difficulty financing our ever growing federal deficit. This market may move up once in a while, but we will remain in a BEAR market for an extended period IMO. Many companies recently reported good earnings, not from increased sales, but by cost reductions including more layoffs. I don't see the stock market improving for at least another year. SS
Ok, assuming all 30652 people are unemployed. Here is what's that mean.
5% said strong recovery.Congrats, i think they found a job. That's about 1,532 persons out of 30652.
30% say small sign of rebound. Basically, i've submitted job application. It's about 9,196 persons.
65% say no recovery. Probably got tired of looking for jobs. That's about 19,924 persons.
I'm just going by your assumptions. Just look at the numbers.
Although I live in Montreal we're feeling the crunch here. Stores are quiet lots of teens on "dates" but no real buying. Many empty stores...vacancies. That never happens here. If they get rented it's yet another cheap pizza place. Unemployment it up. Banks are dead quiet. They're functioning here but people come in less. No money. Many friends are doing the work of 3 employees. Lots of downsizing. Cousin in England works at the Hilton...same story...dowsizing leaves her doing the work that 3 did before. Gas here is 1.039/litre due to high taxes but we have free healthcare for now. Yep real bullish. I'm long a few FAZ contracts. More to follow.
But it's warm out at least...
recovery will continue smoothly if fed govt keeps stimulas going on like 8k for first time home buyers and revive 4k cash for klunker program for considerable time period. in addition to that new like programs for purchase of appliances, big screen tv should be introduce.
Good call; did you see the string asking about trick or treaters?
Timmie needs to increase stimulus out lays to Hershey, Mars, et al obliging them to increase free candy supplies to all the elementary schools in the country so they will host community haunting day gatherings, where they can all practice singing together, Uhm, Uhm, Uhm. Barach Hussain Obambi Uhm, Uhm, Uhm!