ooops! I just stepped on a green shoot.
Started by w67thstreet
about 17 years ago
Posts: 9003
Member since: Dec 2008
Discussion about
http://www.nytimes.com/2009/08/05/business/economy/05econ.html?_r=1&hp "While consumers spent more in June, they did so because prices of food and energy were rising, and not because they were ready to spend freely again."
thank goodness for your sense of humor--definitely keeps me going. between matt and jerko and news like this.....
hang in there....
I just needed an nemesis to get juices going...
why darling, you look hot with your shell off....
and deveined and butterflied.
marinated in lots of garlic and lime zest
Doh! save some limes for the Corona....
I've always LOVED Salma Hayek since I saw her fixer house in the Hollywood Hills with potted lime trees around the pool "for the tequila".
"...the company raised its profit forecast and reported a higher third-quarter profit, boosted by an increased number of shoppers willing to spend more money"
http://www.marketwatch.com/story/whole-foods-posts-higher-profit-shares-jump-2009-08-04
Isn't that sweet? All those wealthy people tossing a salad together instead of going to Per Se.
"Citywide, the total of 318 new foreclosure auctions last month was down 7 percent from July 2008 - and 20 percent from a peak in September."
http://www.nypost.com/seven/08042009/news/regionalnews/nyc_foreclosures_drop_in_2008_182975.htm
http://macroblog.typepad.com/macroblog/2009/07/a-look-at-the-recovery.html
Says Dr. Wilder of the prospective recovery: "pathetic."
More colorful language than I would use, but if current forecasts come true, the early stages of the recovery will be as unusual as the recession itself.
http://www.ft.com/cms/s/0/bd76dbca-8128-11de-92e7-00144feabdc0.html?nclick_check=1
The number of US prime borrowers behind on home loan payments has risen sharply, signalling further problems for banks and investors.
Standard & Poor’s said higher unemployment combined with a prolonged housing market slump had afflicted even the highest quality borrowers.
The dollar volume of prime mortgages in delinquency or default rose 13.8 per cent between March and June, according to a study of private-label prime, subprime and Alt-A home loans conducted by S&P. Borrowers of Alt-A loans have slightly better credit histories than subprime borrowers.
wage income continues to slide.
http://www.ft.com/cms/s/0/ea8012ca-80f7-11de-92e7-00144feabdc0.html
But wage income has continued to decline, dropping $28.6bn in June, compared with a decrease of $11.3bn in May. “Wage income remains 5 per cent below its year-ago level and is clearly on a downward trajectory,” said Joseph Brusuelas, director of Moody’s Economy.com. “The concern is that there’s not sufficient income to support the consumption necessary to move out of recession. The data support our forecast of a mild recovery.”
http://www.gallup.com/poll/112723/Gallup-Daily-US-Consumer-Spending.aspx
yeah but stocks are up...wages and employment dont matter. those are lagging indicators
they lag, and lag, and lag, until you wonder if they're really lagging. and what they're lagging. and why they lag for so long, if they are indeed lagging.
i'm officially upgrading your quest to a boot box. really great boots, tall ones, big box.
AR lol
ha..I hope so. that'd be nice
LOVE tall black leather boots.... went thru a phase (really never got our of it)..... something about a long leggy boots.... meow! ....... hiss hiizzzzzz....
bump9