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alstry (< 20)

Are Fed Presidents Living In Fantasyland?



February 05, 2010 – Comments (4)

Feb. 5 (Bloomberg) -- Federal Reserve Bank of St. Louis President James Bullard said the U.S. economic recovery “remains on track” and that he expects job growth in coming months.

“We will see job growth going forward because firms will be caught short of employees,” Bullard, 48, said in a panel discussion today in St. Louis. “That’s one of the things I’m looking forward to.”

.....“The recovery remains on track for the U.S.,” Bullard said at Washington University. While there may be some risks of “renewed financial turmoil,” the U.S. has “turned the corner” on a “deflationary scenario,” he said.

ON TRACK???????????????????????????????????????????????????????

Average Duration of Unemployment Hits High of 30.2 Weeks or 211 Days

NC: Food Bank Demand Surges 71%

Report: Texas Food Bank Serves 48,000 a Week , 41% Children

In a leveraged consumer based economy, it is mathematically impossible to be recovering when the consumer is contracting.....

Consumer credit down in Nov. for record 11th month

Contracting leverage explains why the debt burdened Industrial Economy is shutting down in preparation for the Alstrynomic  Digital Age.

Ski Market Closing 7 Location in Mass, Conn. and Rhode Island

One Pearl Paint stores in Lower Manhattan

Victoryland Entertainment Center Closed?

Lambro's Steakhouse 

Kmart in Longmont Closing in May

Moennig & Son Violin Shop in Phili.

New System Bakery in Hampden Maryland

Viking Office Supply in Geneva

Gainesville branch of the State Bank and Trust Co

Ahtanum View Corrections Center near Yakima - 80 Job Lost

Wichita flooring wholesaler E.E. Vliet & Co. Inc.

BAE Systems Closing Grainger County Body Armor Facility - 173 Layoffs

Safeway in Cheyenne Wyoming 

Home Furniture in East Caln Township Pa - Closed Last Week

Republic Airlines Shutting Down Lynx Aviation Around April 5 - 175 Layoffs

General Electric Fort Edward NY - Considering Temp Shutdowns which may mean Temp Layoffs

Quality Assured Services - 50 to 60 over next few months

CB&I Island Park Fabricating Facility - 250

Orange County Sheriff - 24

Schoeneman Beauty Supply in Pottsville - 57

Update: GMC Charlotte - 115

DAL Global Services - 385 at Philadelphia Int. Airport 

The Alvord schools - 128 Job Cuts Possible for 2010-2011

Update: Wayne County Michigan - 700 Furloughs, but 200 Layoffs very Possible

Update: Los Angeles Mayor Says - 1,000 , but 360 can transferred

Stirling Group ( International ) - 36

Bay Shipbuilding Co - 116 Beginning in April 

Wellpoint Ashwaubenon Office - 111

Beverly Hills Unified School District - 20 Job Cuts being Considered

University of Texas at Austin - Warns of More Layoffs

4 Comments – Post Your Own

#1) On February 05, 2010 at 9:49 PM, alstry (< 20) wrote:

Ohio state income tax off $97.7M

Indiana State revenue is $74.8M off forecast

There is no chance there is a recovery with the current Zombulation the question is what are we being set up for????

THE world's top central bankers began arriving in Australia yesterday as renewed fears about the strength of the global economic recovery gripped world share markets.

Representatives from 24 central banks and monetary authorities including the US Federal Reserve and European Central Bank landed in Sydney to meet tomorrow at a secret location, the Herald Sun reports.

Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies.

Secret meeting of central bankers........???????

"This does feel like '08 and '07 all over again whereby we had these sort of little fires pop up and they are supposedly contained but in reality they are not quite contained,'' said H3 Global Advisors chief executive Andrew Kaleel.

"Dubai should have been an isolated incident and now we are seeing issues with Greece, Portugal and Spain.''



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#2) On February 05, 2010 at 10:01 PM, alstry (< 20) wrote:

Are you ready for things to heat up next week......

America selling arms to week is the anniversary of the Iranian revolution.......

China warns against Iran nuclear programme sanctions


South Lebanon residents brace for new Israel war

You can only contain Sub Prime for so long.....before Sub Prime blows up in your face.


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#3) On February 05, 2010 at 10:13 PM, Dintaurran (< 20) wrote:

He is just trying out his version of the Geithner "strong dollar" policy.  It's the power of postive thinking strategy.  You know the saying, "Whether you think you can, or you think you can't, you're probably right."  If enough people believe a recovery is taking hold; perhaps one will.  Not the most comforting economic strategy for recovery.

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#4) On February 06, 2010 at 1:29 AM, wvillegas007 (< 20) wrote:

US Bankruptcy Certain based on Default Formula

Has anyone herd of the Greenspan-Guidotti rule? It’s a formula that Accurately predicts if a country would go bankrupt. According to the Formula to US is certain to go bankrupt. Carefully read this well written article that explains it.

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