wrote in message
...
On Sat, 8 Aug 2009 11:46:15 -0700, "Calif Bill"
wrote:


"jps" wrote in message
. ..
On Fri, 07 Aug 2009 19:45:56 -0500, Vic Smith
wrote:

On Fri, 07 Aug 2009 19:07:29 -0400, H the K
wrote:

...the Republicans are foched.


Surprisingly strong jobs data signal turning point

By JEANNINE AVERSA (AP) - 32 minutes ago

WASHINGTON - It's the clearest sign yet the recession is finally
ending:
Employers laid off far fewer workers in July, the jobless rate dipped
for the first time in 15 months and workers' hours and pay edged
upward.
Those are the kind of figures that could give Americans the
psychological boost necessary for recovery to take root after the worst
recession since World War II.

A net total of 247,000 jobs were lost last month, the fewest in a year
and a drastic improvement from the 443,000 that vanished in June.

The Labor Department's report Friday showed that the unemployment rate
dropped a notch to 9.4 percent in July, from 9.5 percent the previous
month. Together with slight increases in the average workweek and
wages,
the new figures suggested the economy is in a transition from recession
to recovery.

Don't believe all that. The gov adjusted the figures by dropping off
those who have given up looking for a job.

There were also fewer jobs lost in July than in previous months.
Lot less jobs to lose.


I believe that is true. The companies that were going under, pretty
much have by now.

The real question everyone is asking is when do we hit bottom and
start the real recovery.
Wall Street seems to think we already have. I am very happy with my
little bag of stocks. Those people who doubled down on their 401k when
everyone else was running like scalded dogs are doing OK. My wife
argued with me about it at the time but she is smiling now.

I have done well in the investments also. But a lot of the growth is vapor.
The government, and Wall Street pumping up dogs. How can AIG be profitable
now? All the sudden banks with billions of bad loans are showing big
profits. Mark to Market shenanigans?