Have not yet incorporated a discount for the affect of the GOP/Tea party fiscal strangulation deficit deal. Neither have they configured for the losses of federal jobs, nor have they considered fully the job cuts enacted by the GOP at the state level, and soon, with the new school year upon us, to become more and more front and center.
For example, commentators are almost uniformly viewing the drop in oil price today as a good thing for the economy, but it may also be a signal that recession is around the corner and estimations of oil demand are dropping . . .
Market:
1. 11,670.75 01-01-2011
11,384 08-04-2011
YTD= -2.5%
2. FYH
12,810.5 04-29-2011
11,384 08-04-201
FYH= 11%
3. 9,034.69 01-02-2009
11,384 08-04-201
Obama to date= 26%
Unemployment
1. Bush 01-01-2001 to 12-31-2008
4.2% – 7.3% == +73.8% increase
2. Obama 01-01-2009 to 07-31-2011 [BLS start data = 7.8%]
7.8% – 9.2% == +17.9%
Bush 01-01-2001 to 07-31-2003
4.2% – 6.2% == +47.6%
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