Fed Sees Economy Improving, but Unemployment Getting Worse

Woot

Economy is weakening - but is weakening at a slower rate. Unemployment is increasing - but increasing at a slower rate and all the Indices all go up 2-3%. This market is just weird. Be careful out there, a reversal is on the horizon. The 10y 20y 30y yields are going to cause the air to deflate out of this rally.

The working man's a sucker!

How can the economy be improving if our employment opportunities are shrinking? More money going to the top? More debt borrowing? Taxpayers giving excellent interest-rate loans to members of the "good-ole boys' club"?

The Fed has been wrong about everything so far, why would anyone pay attention to their predictions!!!!!!!!

it appears most corporations and home owners have only ONE ROLL TO PLAY any more.""PAY UP, OR GO BELLY UP".

I believe the projection that the economy will contract. The recovery part we are going to have to wait and see. Believe it when I see it.

I see...so 10% of Americans will be unemployed, another 10% underemployed (part-time jobs or college-educated working in Retail,Service,etc) and most of the rest of the 80% have either reduced hours, pay-cuts, or at best no raise (so losing purchasing power) and our consumer-spending driven economy is going to grow next year (and shrink less than expected this year). Not to mention the fact that we are going to surpass the "worst case" stress test which means more bank failures. Does it take a PhD in Economics to come up with this bullcrap or a PhD in Agriculture?

"GO TAX YOURSELF"

"GO TAX YOURSELF"

"The Fed predicts that the unemployment rate will reach 9.8% to 10.1% this year, compared with its earlier view of 9.2% to 9.6%." Aren't we already at 9.5%, officially? And all of this seems to be more "Hey we've got good news: The bad news isn't as bad! Now here's the bad news." Screw the FED; they've screwed us.

Why should we get tangled up in the nickel games over here? We can happily do our own stuff back home.....^_^

Link to Bureau of Labor and Statistics, shows that when all are considered the unemployment rate is currently 16.8%. Check it out. http://www.bls.gov/news.release/empsit.t12.htm

A TAX IS A TERRIBLE THING TO WASTE..

Here we go again: The slow-down of decline is NOT the same as the stop of decline. Well, the former will resume as soon as the animal spirit succumbs to the reality slap on the face and the break through of the market manipulation, whichever comes first. ********* Tomorrow, we could see another round of animal spirit+manipulation, courtesy of JPM. ********* The earning season is quickly shaping up to be a hugely disappointing one in relation to the 115 S&P P/E. JPM is trading at a breath-taking 32 P/E. The Q2 2008 EPS is 0.54. The market is expecting nothing less than a 20% YoY increase, i.e. 0.65 EPS tomorrow as demanded by the 32 P/E. But Why would the stock Irrationally go up? The answer lies in Beating the dubious estimates. Is Estimate the same as expectation? Why is conspicuously lowering estimates before reporting a corrupted Wall Street game? The following analysis is provided to you in exchange for a decent amount of intellectual integrity. *************** To answer that, we have to defeat the inter-exchange of these two words: Estimate and expectation. For the corruption to go on, silently endorsed by the major media, the sleight of hand has to rely on the "optical" trick of transforming estimate to expectation. But these two are fundamentally different concepts in the world of stock valuation. You see, expectation is reflected in the P/E ratio. Higher P/E means market expects a higher earnking growth and vice versa. Estimate is earning forecasted by an analyst, who may be a monkey as long as the title lacks any objective standard. As a result, an estimate can be substantially different from the market expectation, represented by the p/E ratio. For years, the Wall Street has been trying to influence the market by misleading the participants to believe estimate is the market expectation. Therefore, beating an estimate means meeting or exceeding the market expectation, no matter how much the "underestimated" estimate is below the market expectation, i.e. the P/E. This cheating has been going for a long while now. Recall how frequently a reported result beats an estimate by a penny? Recall during the market downturn, like the Q1 2009, monkey analysts (my ultimate contempt of these inferior human beings who have sold their souls for a quick buck.) started massively reducing estimates leading to announcements. When they came, a earning midget suddenly became a giant because the measuring stick has been altered from expectation to estimate, the monkey estimate. Because the market expectation is represented by the p/E, not the estimate, it REQUIRES the E to be

so what we are doing is going to create jobs by borrowing to stimulate with programs no one will want to stop even after the economy improves, since we don't already have enough debt, creating more government, and the crime increase will cost and will create more need for even more government, and meanwhile they arn't taking any real actions towards brining up the standard of living for those working, I think minimum wage was raise $1 after having been frozen for years, considering everyone making that is so deep in debt, that will ultimately have no effect on improving the economy, and of course we still have H1 visas, and open boarders. Sounds fantastic if your name is Uncle Sam and all of you neices and nefews are or want to work for the government, almost like it was planned. This is how they keep it going, we take a swing, and they lost revenue from taxes long before there was a collapse and all of this news, so they take the next step, they win either way, we lose even if we are right. Republicans were suppose to shrink government, and the democrats are suppose to bring up the standard of living for lower income people as to raise the bar and bring up the economy with products and services. Neither is doing what they are suppose to, and they are both getting the perks they expect for being in power, even when the other is in power.

It's not going to be overnight turnaround.....

We will probably go into a period of extreme stagnation and inflation. Some businesses will do well, some sectors of the stock market will do well and the stock market may be the next bubble. The democrats support of labor unions, minimum wage and increased taxes will keep unemployment high. That is probably what they want so as to keep a constituency dependent upon the democrat party for entitlements.

The economy is set to recover over the next couple of years. You can tell stock prices don't refelx unemployment numbers but respond to the well to GDP numbers.

I think we need to institute a swap out program, find the smartest hardest working person just layed off somewhere, and swap him or her out with the biggest fatest laziest buerocrat reporting this nonsense. Then work our way down untill the problem is solved, and I am sure it would get solved really quick.