Manufacturing Gains Drive Stock Markets to New Highs

Discussion in 'News / Current Events' started by InTheLight, Jul 1, 2014.

  1. InTheLight

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    NEW YORK - Evidence that global manufacturing is expanding pushed the stock market to an all-time high on Tuesday.

    The Dow Jones industrial average climbed within two points of 17,000 for the first time after separate surveys showed that manufacturing expanded in the world's two largest economies. In China, it grew in June for the first time in six months, and in the U.S. the sector notched its 13th straight month of expansion.

    http://www.cbsnews.com/news/stocks-rise-amid-manufacturing-gains/
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    U.S. manufacturers indicated a further rebound in business conditions at the end of the second quarter, driven by the fastest expansions of output and new orders for over four years. Stronger client demand in turn spurred an upturn in payroll numbers and a robust rise in purchasing activity across the sector.

    http://www.markiteconomics.com/Survey/PressRelease.mvc/a5254670de854235b620ac5824418514
     
  2. poncho

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    What would you say if I told you that Americans are nearly 60 TRILLION dollars in debt? Well, it is true. When you total up all forms of debt including government debt, business debt, mortgage debt and consumer debt, we are 59.4 trillion dollars in debt. That is an amount of money so large that it is difficult to describe it with words. For example, if you were alive when Jesus Christ was born and you had spent 80 million dollars every single day since then, you still would not have spent 59.4 trillion dollars by now. And most of this debt has been accumulated in recent decades. If you go back 40 years ago, total debt in America was sitting at about 2.2 trillion dollars. Somehow over the past four decades we have allowed the total amount of debt in the United States to get approximately 27 times larger. This is utter insanity, and anyone that thinks this is sustainable is completely deluded. We are living in the greatest debt bubble of all time, and there is no way that this is going to end well. Just check out the chart...

    Read More At: http://theeconomiccollapseblog.com/archives/the-united-states-of-debt-total-debt-in-america-hits-a-new-record-high-of-nearly-60-trillion-dollars
     
  3. InTheLight

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    Your constant posting of off-topic stuff in my threads is tiresome.
     
  4. poncho

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    Monday, 30 Jun 2014 08:00 PM

    The United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

    That’s according to Donald Trump, who painted a very ugly picture of where this country is headed. Trump made the comments during a recent appearance on Fox News’ “On the Record with Greta Van Susteren.”

    According to Trump, the United States is no longer a rich country. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others. We’re up to $16 trillion in debt.”

    He goes on to point out that the downgrade of U.S. debt is inevitable.

    “We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished. When you have [debt] in the $21-$22 trillion, you are talking about a downgrade no matter how you cut it.”

    Ballooning debt and a credit downgrade aren’t Trump’s only worries for this country. He says that the official unemployment rate of 8.2 percent “isn’t a real number” and that the real figure is closer to 15 percent to 16 percent. He even mentioned that some believe the unemployment rate to be as high as 21 percent.

    “Right now, frankly, the country isn’t doing well,” Trump added, “Recession may be a nice word.”

    http://www.moneynews.com/Outbrain/Trump-Aftershock-American-Economy/2012/11/06/id/462985/
     
  5. InTheLight

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    I guess you just can't help yourself. You're addicted to being an ass.
     
  6. poncho

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    17 Facts That Prove That The Quality Of Jobs In America Is Going Down The Drain

    #1 A study conducted by the Center for College Affordability and Productivity is projecting that the number of college graduates that will be entering the workforce in the U.S. this decade will be nearly three times as high as the growth in the number of jobs that require at least a Bachelor’s degree.

    #2 Only four of the twenty fastest growing occupations in America require a Bachelor’s degree or better.

    #3 It is hard to believe, but in America today one out of every ten jobs is now filled by a temp agency.

    #4 At this point, 53 percent of all wage earners in the United States make less than $30,000 a year.

    #5 Approximately one out of every four part-time workers in America is living below the poverty line.

    #6 One out of every three grocery store workers in the state of California is on some form of public assistance.

    #7 Due to the decline in the quality of our jobs, income inequality in the United States has grown to frightening levels. The following is an excerpt from a recent Politico editorial that was written by a very wealthy individual…

    http://endoftheamericandream.com/archives/17-facts-that-prove-that-the-quality-of-jobs-in-america-is-going-down-the-drain
     
  7. InTheLight

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    Ya know, you could start your own threads, you could even give them a proper and relevant title. Oh well. Nobody would read them or respond. I guess I'm all you've got and I'm on your Ignore List.
     
  8. poncho

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    19 Reasons Why You Can Laugh When Anyone Tells You That The Economy Is In Good Shape

    If the U.S. economy really was doing well, government dependence would not be at epidemic levels.

    If the U.S. economy really was doing well, we wouldn’t have more than a million public school children that are homeless.

    If the U.S. economy really was doing well, the percentage of Americans that have a job would not be lower than it was when the last recession supposedly “ended”.

    Nobody that takes an honest look at the numbers can honestly say that the U.S. economy has recovered. The following are 19 reasons why you can laugh when anyone tells you that the economy is in good shape…

    #1 RadioShack just announced that it is going to close an additional 200 stores on top of what it was already planning to close.

    #2 During the first quarter of this year, reported earnings by major U.S. retailers missed estimates by the largest margin in 13 years.

    #3 One out of every three grocery store workers in the state of California is on some form of public assistance.

    #4 The percentage of Americans that believe that it is a “good time to buy a home” is the lowest that it has been in four years.

    #5 According to one recent survey, 52 percent of Americans cannot even afford the house that they are living in right now.

    #6 Sadly, only 36 percent of American adults under the age of 35 currently own a home. That is the lowest level that has ever been recorded.

    #7 According to one new study, half of all college graduates are still relying on their parents financially when they are two years out of school.

    #8 The number of planned job cuts by U.S. employers is on the rise again…

    http://endoftheamericandream.com/archives/19-reasons-why-you-can-laugh-when-anyone-tells-you-that-the-economy-is-in-good-shape
     
  9. InTheLight

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    Who is saying the economy HAS RECOVERED? It is slowly recovering. Who says the economy is in good shape. It is slowly recovering.

    Farriers closed a lot of shops in the early 1900's as well. Hmmm....I wonder if Apple is opening any Apple stores? Android stores are just starting to roll out. Yep, Radio Shack's closing down is the definitive sign of the ongoing economic collapse. Where will I go to test my vacuum tubes?

    Due to the worst winter in a generation consumers did not go out and spend money as per usual. And missing estimates is not the same as actual reported earnings being the worst in 13 years.

    Shocking news here, but most grocery store workers are low income people... You just know when the author has to select grocery store workers as the category, he's cherry picking.

    So opinions of idiots are now facts? Let's see, relatively low, if not the lowest interest rates in 50 years, depressed housing market just starting to slowly turn around, plenty of houses for sale, and for cheap. Yep, them thar are awful conditions to buy.

    I'm sure the number was a much higher percentage five years ago.

    Sadly? In light of #5, isn't that good news? So it's bad to own a home, or is it good? Make up your mind.

    "Relying on their parents financially" What does that mean? They owe them money for college expenses? They live in their parents basement? They co-sign loans for their kids? Dumb statistic. One study. Wow.

    source?


    http://endoftheamericandream.com/archives/19-reasons-why-you-can-laugh-when-anyone-tells-you-that-the-economy-is-in-good-shape[/QUOTE]
     
    #9 InTheLight, Jul 1, 2014
    Last edited by a moderator: Jul 1, 2014
  10. Revmitchell

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    Global manufacturing. So there is no new manufacturing going on in the US?
     
  11. InTheLight

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    Second sentence of the quoted article:

    in the U.S. the sector notched its 13th straight month of expansion.
     
  12. thisnumbersdisconnected

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    They've got a lot of never calling this report "positive." They tout "growth," "expansion," "booming economy," but looking at their own numbers from the various graphs in the PDF news release, this is what shows up:
    1. Employment in the manufacturing sector has never recouped to 2007 levels. Close, but not quite.

    2. Employment is not expandiing since last year. It shows 0.3 growth. That's nothing, essentially.

    3. Neither the economically adjusted nor unadjusted numbers have recouped to 2007 levels for total manufacturing output. Close, but not quite.

    4. Wages in the manufacturing sector are slightly higher than they were in 2007, but since employment is below figures from that year, that is inflation, not expansion.

    5. Backlogs are unchanged from a year ago. Those grow steadily in healthy manufacturing environments.

    6. New export orders have dropped significantly since last year.

    7. Output prices have increased while total numbers of purchases have decreased.​
    It's another shell game.
     
    #12 thisnumbersdisconnected, Jul 2, 2014
    Last edited by a moderator: Jul 2, 2014
  13. InTheLight

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    Went to the CBS article and keyed CTRL-F (find function) and in the search box typed:

    positive -- no results found

    booming -- no results found

    expansion -- 3 results found; 1 with definitive qualifiers, i.e. "13 straight months of expansion"

    growth --1 result. "Chinese purchasing index was at 50.7; numbers above 50 signals growth."


    Went to the second article cited and did the same thing:

    positive -- no results found in article

    booming -- 1 result found. "Business was booming at US goods producers in
    June. Factory output, order books and payroll numbers rose at some of the fastest rates we’ve seen since the recession, rounding off the best quarter for four years in terms of manufacturing expansion."

    expansion --10 results found, mostly in a chart showing month to month increases of several factors. (Definition of expansion is "becoming bigger")

    growth -- 3 results, including 1 that said "growth could slow in the second quarter."

    So, no nerve involved. Just solid reporting.
     
  14. thisnumbersdisconnected

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    I was referring to the second article. I don't read CBS. Could care less what those Obama shills say.
    Drank the Kool-Aid again. Can't help you, ITL. You're hopeless.

    For anyone else interested, the "Markit Economics" website included mediocre to moderately hopeful numbers -- except where I noted in the previous post the blatantly false optimism not being supportable by their own data -- and made it sound like the post-war boom is coming. It's not. Use your head in investing. It is going to get very dangerous out there by this time next year if not sooner.
     
  15. Revmitchell

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    Who in the world knows what that means or looks like. For all I know it could means there are little suzies setting up lemonade stands every month.
     

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