Recession Ending

[future pather]

Aug. trade deficit narrows unexpectedly to $30.7B

WASHINGTON – The U.S. trade deficit unexpectedly narrowed in August as exports posted a small gain, while imports fell on a big drop in demand for foreign oil.

The Commerce Department said Friday that the trade deficit declined 3.5 percent to $30.7 billion, surprising economists who had expected higher oil prices to push the imbalance to $33 billion. Oil prices did shoot up, but the volume of shipments dropped sharply in August.

The continued rise in exports may be viewed as an encouraging sign that the global economy is starting to recover from a severe recession that began in the United States and quickly spread to other parts of the world. . .

Aug. trade deficit narrows unexpectedly to $30.7B - Yahoo! News

[carbideTip]

Also in the same article.

"The rise in exports is being aided by a weakening dollar, which is down nearly 12 percent against a range of other currencies since the beginning of the year. The dollar is expected to remain under pressure in coming months, due partly to soaring U.S. budget deficits. A weaker dollar boosts exports by making U.S. products cheaper on foreign markets.

Through the first eight months of this year, the trade deficit is running at an annual rate of $357 billion, about half of last year's $695.9 billion imbalance. That huge decline reflects the recession that sharply dampened demand for imported goods."

From the Census Bureau report. http://www.census.gov/foreign-trade/...ease/ft900.pdf

"In August, the goods and services deficit decreased $30.2 billion from August 2008. Exports were down $33.4 billion, or 20.7 percent, and imports were down $63.6 billion, or 28.6 percent."

[carbideTip]

YouTube - visionvictory's Channel

U.S. Job Losses May Be Even Larger, Model Breaks Down (Update1) - Bloomberg.com

[Vortex]

"Um ok" I never said it hadn't gotten bad, only that it's now getting better.

October 2, 2009
Personal bankruptcies hits a 4-year high
as reported by cnn money

The personal bankruptcies were up 35% from the same period in 2008,
according to the report from the American Bankruptcy Institute (ABI).

Jessica, a continued ongoing "narrowing" of the Trade Deficit would be due
to the falling value of the dollar, lack of consumers, lack of jobs and lack of money.
It has nothing to do with a "recovery".

Truth never requires a belief in it to be true.

[Aaron]

back to the basics

Saw a report locally that more people are growing their own food - for both better quality food and to save money.

Seems some city residents are experiencing times so tough that they are starting to raise their own chickens in their own back yards - and sounds like the city is trying to pass a new law that would limit this even more than it already is.

I think some good things do come out of tough economic times - seems lots of people get back to the basics that they have been so out of touch with.

People are cooking at home more often, doing more knitting and sewing, growing more of their own food, etc... and of course finding ways to save on energy costs.

Local Backyard Poultry Movement (Promised Land Family Farm)

[future pather]

The economy is definitely doing better, you all can have your finance problems if you want them, lol.

I understand the point about unemployment but I also realize that when people are on unemployment they can be choosy about what jobs they take.

Once they run out of their benefits I'm sure plenty of them take jobs that would not be their first choice.

I also know people who are on unemployment for reasons other than job loss, like to care for sick family members.

It's easy to pull quotes showing financial issues, no one would say we haven't had em. But it's clear to me we left the general freefall some time ago and even though it doesn't mean we see everything all perfect right away, I am convinced we are on our way back, strong and steady. I won't say no more bumps but I will say things look a million times better than they were looking under Bush.

[future pather]

October 2, 2009
Personal bankruptcies hits a 4-year high
as reported by cnn money


Jessica, a continued ongoing "narrowing" of the Trade Deficit would be due
to the falling value of the dollar, lack of consumers, lack of jobs and lack of money.
It has nothing to do with a "recovery".

Truth never requires a belief in it to be true.

Your first article is reflecting the old picture.

On your second point, the article discusses people in other parts of the world buying more US goods. Yes true, it is aided by a weakened US dollar, but perhaps more balance in needed worldwide in this area. The US does not always have to rip others off, or is that the only way to "recover" in your mind?

Also that even though oil prices are going up, we are spending less on it. Progress if I ever saw it!

[carbideTip]

I would love to be on the same page but I'm reading a different book of facts.

[Aaron]

unemployment

I also realize that when people are on unemployment they can be choosy about what jobs they take.

When my store was open, sometimes someone on unemployment would come in asking if there was openings. If not, then I signed their sheet showing a list of businesses that they asked about an opening. They had to show the unemployment office that they are actually looking for work - it had to be X amount of inquiries a week and whatever other requirements there were. If there is an opening at any place they ask, I think they are required to fill out an application.

Of course they could just go around asking business that they would actually want to work at. And some are just going door to door just to get their sheet signed knowing they probably won't find any openings - just to stay on unemployment.

All my personal business took a hit at the end of last October's $800 billion extortion racket just like many other businesses and it stayed a bit down for a couple months. But from early spring to now, all my businesses are at minimum very stable but mostly climbing. Since they're all based over the internet and some have affiliate programs attached, much growth is from all the affiliate that are joining because more and more people are looking to earn an income online.

[dllabarre]

umemployment report

The problem I have with the unemployment report is that it doesn't include 1) people whose benefits have run out and who still don't have a job, 2) people who were self-employed and their business has dropped to the point where they are basically unemployed or their business closed and they aren't eligible for unemployment. My wife falls into this category.

The real unemployment percent is a lot higher then reported.
If you wait long enough for most of the people on unemployment to exhaust their benefits then the unemployment report will start going down. This will give a false reading of good times ahead when in fact everyone is still unemployed

[Vortex]

Oct. 12, 2009 It's Official, Central Banks Are Fleeing The Dollar
New reserves in dollars falls from 63% in 1999 to 37% in 2nd quarter in 2009

This is not just talk, it is action. Actions speak louder than words.
Action is being taken around the world by the central banks.
The central banks are displaying their belief in
the direction of "a recovery" by purchasing euros and yen.
Ask yourself: Why is That?

It's all just business.
United States by definition is not a government.
U.S. Code title 28 - JUDICIARY AND JUDICIAL PROCEDURE, chapter 176, sub chapter A, § 3002. Definitions, #15 (A)
"United States" means a federal corporation.
A duck is a duck is a duck.
A brown (federal) duck (corporation) is still a duck (corporation).
The word federal is as meaningless as it is in Federal Express or Federal Reserve Bank.

[future pather]

The house always gets it's cut, without that there would be no casino.

Yes it is all just business, and the bankers will have their input since most of us keep using their products.

As consumers, we have our input too. This can be in the form of individual barter, and also in the form of electing reps who will limit the bankers. Doing so was an agreed upon priority at the G-20 summit.

[Aaron]

boycott major banks

Yes it is all just business, and the bankers will have their input since most of us keep using their products.

As consumers, we have our input too. This can be in the form of individual barter, and also in the form of electing reps who will limit the bankers. Doing so was an agreed upon priority at the G-20 summit.

Completely true. I would hope everyone would boycott the major banks and use only small locally owned banks and credit unions. That is what I do because I think it is the right thing but to each their own.

Anyway, we as consumers have tremendous power if we just aren't complacent and refuse to do business with companies that have no integrity, like virtually every single major bank that was involved in all the planned crisis.

I barter all the time with friends and also, there is actually quite a few towns around the United States that have their own local currency, which is completely legal and all these new currencies it seems are actually backed by gold, silver, etc...

[d3adp00l]

yes the recession is over!!!

Everyone get out there in the streets, and lets celebrate. Drink eat and be merry.

The recession is over, but only because the depression has started.


Those of you who think its over must really not understand. With the amount of credit out there, both public, and private. And no real base for the economy to fall back into, there is no way to dig out of this hole. So unless we are just going to forget about the debt, then someone will have to pay it back, which means more stress of those who are working.

Do you understand the next wave will be the tax driven forms of government, and with their income way down, and their ability to barrow tapped to the max, they will have to lay people off. stop contracts, etc. etc.

The only income areas doing well are gov related, while the bailout money lasts.

So what if their "markers" or "indicators" are going up, they don't even know exactly why the appear to be going up, there is no rhyme or reason for it, well except that the people who got huge bonuses from our money are buying some stocks, and retail bull****.

Its a manipulation of numbers. The economy has always, and will always ride on the backs of the people who work for a living. In other words, the economy is JOB driven, it has to be, without people making income, there can be no real money flow.

The realestate market is not picking up, homes selling because they got foreclosed on is not a good sale, but they are counting it as a sale none the less.



I can make numbers say whatever the **** I feel like having them say, these guys can do.

[rickoff]

Greenspan on the dollar slide:

Former Federal Reserve Chairman Alan Greenspan said on Thursday he was not too worried about the latest bout of selling in the U.S. dollar, which recently hit a 14-month low.

"I am not overly concerned," Greenspan said at a Council on Foreign Relations meeting.

Well, that doesn't surprise me, Alan, but anyone who isn't a member of the American Ruling Class and the CFR should be very concerned.

Rick