Global Economy Bursting?

[Randolph Kinney]

Second-quarter growth in U.S. gross domestic product revised down to 1.0% rate

http://www.marketwatch.com/bulletins/redirect/go?g={65460A29-0EB6-46EB-8CC5-A732F6F09234}&siteid=bnbh

 

[Restrain]

Germany's rate of growth was an unadjusted 0.1%. Essentially flat, and it is the biggest of the European economies. Expect our rate to be further adjusted downwards.

 

[William K]

Germany's rate of growth was an unadjusted 0.1%. Essentially flat, and it is the biggest of the European economies. Expect our rate to be further adjusted downwards.

No, this can't be, why our Govt would never report figures to be more positive than what they actually are?

"Shirley" you jest!?

Why, What could be next, allowing failing Government Sponsored Entities to implement wide spread changes affecting entire industries?

 

[EDWARD BERRY]

With This Many Jobs Being Lost,when Will The Rate Change?

 

[William K]

Pass it on...............

 

[Riick]

Irene goodnight

Germany's rate of growth was an unadjusted 0.1%. Essentially flat, and it is the biggest of the European economies. Expect our rate to be further adjusted downwards.

Negative GDP... why, isn't that what you get in a Recession?
Darn that Hurricane Irene for causing a Double Dip!
(( Only possible explanation, since somebody needs to be the scapegoat ))
.

 

[Couch Potato]

Things change

Very little difference between Wall Street and, for example, BofA or Wellfargo or JPMorgan-Chase, etc.

Banks are no longer lenders as in the traditional and historical sense. They are the front end to the federal reserve and the U.S. Treasury, implementing policy and borrowing demands of the government. They also speculate and hedge their interest rate exposure.

They don't need loan officers, processors, underwriters, etc.

My point was the traditional "Wall Street" firms are gone with their business taken by banks. Wall Street is now a bunch of irrelevant bit players. The banks have offices in New York with a few even based there, but if you go to Wall Street looking for big investment companies you will be greatly disappointed because federal regulations have killed them.

Times have changed. If you go to the New York Stock Exchange floor looking to trade stock they will tell you to go to a local Starbucks so you can get on your computer and trade.

 

[Restrain]

Dallas Fed reveals August output drops for 4th month in a row

http://www.marketwatch.com/story/dallas-fed-aug-index-negative-for-fourth-month-2011-08-29

 

[Randolph Kinney]

... fell from -2 in July to -11.4 to August. The change in the index was largely due to a notable increase in the share of firms noting worsened activity ...

Seems like a recession is a sure thing. Wonder what the Obama plan will address? More spending, of course.

 

[Randolph Kinney]

Calif. would be first state to ban foam containers

http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2011/08/28/national/a122400D55.DTL

This should help businesses in California by raising their cost so that they can pass it onto their customers, and green too.

And now for unemployment in the golden state:

Dart, one of two companies in California that make the Styrofoam products, employs about 600 people in the state. The company already makes the biodegradable alternative, but the two California plants are incapable of producing anything other than the Styrofoam material.

"If you get rid of manufacturers like Dart, how do you know all the alternative materials will come from California? The reality is, they won't," he said.