Indicators in U.S. Rise More Than Anticipated
Oct. 22 (Bloomberg) — The index of U.S. leading economic indicators rose in September for a sixth straight month, indicating the economy is likely to expand into early 2010.
The Conference Board’s gauge of the economic outlook for the next three to six months climbed a greater-than-forecast 1 percent, contributing to the biggest six-month gain in 26 years, the New York-based private research group said today. Other reports showed jobless claims rose and home prices fell.
The measures propelling the leading index, including a
declining trend in claims, rising stocks and low short-term
borrowing costs, are stopping the erosion in consumer finances and reducing the risk the economy will backslide. Companies from Caterpillar Inc. to Google Inc. are among those reporting better-than-anticipated earnings and saying the worst slump since the 1930s is over.
“The recovery is here and it’s going to get a little
stronger too,†said Jonathan Basile, an economist at Credit
Suisse in New York, who accurately forecast the gain in the
index. “We are mindful that there are headwinds, like there are in every recovery, but the leading index is telling you there won’t be a double dip†referring to a relapse into a recession. Treasury securities dropped, sending the
yield on the 10-year note up to 3.42 percent from 3.39 percent late yesterday.
Exceeds Forecast
Economists forecast the leading indicators index would
increase 0.8 percent, according to the median of 60 estimates in a Bloomberg News survey. Projections ranged from increases of 0.3 percent to 1.1 percent. The Conference Board revised August figures down to show a 0.4 percent increase from a 0.6 percent previously reported gain.
bxgrl, my minor was actually Theatre stage production in college and I put up shows for out college and know ins and out of stage production and still don’t think that a carpenter position justifies 400K when the hall runs a deficit. If Carnegie Hall was a successful business venture, by all means pay what you like to your employees.
Rob, you are WAY off your rocker today. Most of what you just posted is completely wrong and doesn’t make any sense once so ever. We’ve been the same for thousands and thousands of years? Last time I check, you didn’t have to hunt for your meat or live in a cave. I can keep on going but I have to move on and actually do some work
Joe, I happen to agree with the rest on Unions. Being an immigrant and having immigrant friends, we were shocked at concept of unions (even coming for a communist country which was practically ran as one big union). My mom is a union employee at a hospital and is shocked till this day with the amount of stuff that seniority in her hospital get away with. She is in the same job for 16 years and worked very hard but some of the other people barely lift a finger and they can’t get fired unless they do something really really messed up. My mom is shocked how much people get away with and her conscience doesn’t let her get away with stuff so she works hard. When the whole MTA strike happened a few years ago, my friends dad (also an immigrant) is a track engineer for the MTA and we were talking over his house. He was ready to cry because he said he had it soooo good at the job and was shocked that people at his post were complaining how little they made. He said he had it great and didn’t want to go on strike and the fellow Russian engineers thought the same way. He said he had full benefits, 6 weeks vacation, 65K salary to work maybe 2 hours out of the 8. The rest, he was in a nice comfy office drawing some diagrams or playing cards with fellow MTA employees. He only walked around inspecting tracks about 2 hours out of the work day and so did his fellow engineers and they were complaining that they weren’t making enough money or enough vacation time. He was PISSED.
I am not surprised by the comments defending the UFT . The myth of the underpaid teacher is so pervasive in our society. Anyone who is “in the know” with regard to this group is fully aware that it needs reform. It is a socialist group with it’s beginnings rooted in anarchism with strong ties to the Zionist movements in the 1st half of the 20th century. As a person who knows family & friends who are veteran overpaid ( extra pay for covering classes, afterschool programs, camps, latch key) , underworked ( frequent preps, frees, breaks all day long) , vacationing frequently teachers, my opinion of this groups union fueled chicanery is unwavering.
“Yes- government grants. Or would you rather they only bailout big banks and financial companies only to see those same companies wallowing in bonuses while they held their hands out for a dole?”
You’re missing my point, I’m quite happy for the Goverment to give to worthy causes and support all aspects of nations’ culture, creative, environment, social etc.
The point was aimed at Joe from Brooklyn who says the difference is goverment money to other areas = welfare, and thats why its not ok.
We don’t need unions at hedge funds. We look out for ourselves. Just like the rank and file, not all of us are bad.
Unions are negotiating for wages for LABOR, not handouts, that’s why it’s not welfare. Do you people even know what work is???
“DH- I dunno. Ask the corporate execs though. Have them fly here on their private, corporate jets to explain.”
How has this become a “unions are okay bc CEOs suck more”
Unions suck
white collar CEOs suck
for entirely different reasons.
Indicators in U.S. Rise More Than Anticipated
Oct. 22 (Bloomberg) — The index of U.S. leading economic indicators rose in September for a sixth straight month, indicating the economy is likely to expand into early 2010.
The Conference Board’s gauge of the economic outlook for the next three to six months climbed a greater-than-forecast 1 percent, contributing to the biggest six-month gain in 26 years, the New York-based private research group said today. Other reports showed jobless claims rose and home prices fell.
The measures propelling the leading index, including a
declining trend in claims, rising stocks and low short-term
borrowing costs, are stopping the erosion in consumer finances and reducing the risk the economy will backslide. Companies from Caterpillar Inc. to Google Inc. are among those reporting better-than-anticipated earnings and saying the worst slump since the 1930s is over.
“The recovery is here and it’s going to get a little
stronger too,†said Jonathan Basile, an economist at Credit
Suisse in New York, who accurately forecast the gain in the
index. “We are mindful that there are headwinds, like there are in every recovery, but the leading index is telling you there won’t be a double dip†referring to a relapse into a recession. Treasury securities dropped, sending the
yield on the 10-year note up to 3.42 percent from 3.39 percent late yesterday.
Exceeds Forecast
Economists forecast the leading indicators index would
increase 0.8 percent, according to the median of 60 estimates in a Bloomberg News survey. Projections ranged from increases of 0.3 percent to 1.1 percent. The Conference Board revised August figures down to show a 0.4 percent increase from a 0.6 percent previously reported gain.
bxgrl, my minor was actually Theatre stage production in college and I put up shows for out college and know ins and out of stage production and still don’t think that a carpenter position justifies 400K when the hall runs a deficit. If Carnegie Hall was a successful business venture, by all means pay what you like to your employees.
Rob, you are WAY off your rocker today. Most of what you just posted is completely wrong and doesn’t make any sense once so ever. We’ve been the same for thousands and thousands of years? Last time I check, you didn’t have to hunt for your meat or live in a cave. I can keep on going but I have to move on and actually do some work
Joe, I happen to agree with the rest on Unions. Being an immigrant and having immigrant friends, we were shocked at concept of unions (even coming for a communist country which was practically ran as one big union). My mom is a union employee at a hospital and is shocked till this day with the amount of stuff that seniority in her hospital get away with. She is in the same job for 16 years and worked very hard but some of the other people barely lift a finger and they can’t get fired unless they do something really really messed up. My mom is shocked how much people get away with and her conscience doesn’t let her get away with stuff so she works hard. When the whole MTA strike happened a few years ago, my friends dad (also an immigrant) is a track engineer for the MTA and we were talking over his house. He was ready to cry because he said he had it soooo good at the job and was shocked that people at his post were complaining how little they made. He said he had it great and didn’t want to go on strike and the fellow Russian engineers thought the same way. He said he had full benefits, 6 weeks vacation, 65K salary to work maybe 2 hours out of the 8. The rest, he was in a nice comfy office drawing some diagrams or playing cards with fellow MTA employees. He only walked around inspecting tracks about 2 hours out of the work day and so did his fellow engineers and they were complaining that they weren’t making enough money or enough vacation time. He was PISSED.
Benson – And one reason so few ships today are US-registered is because of union rules.
I am not surprised by the comments defending the UFT . The myth of the underpaid teacher is so pervasive in our society. Anyone who is “in the know” with regard to this group is fully aware that it needs reform. It is a socialist group with it’s beginnings rooted in anarchism with strong ties to the Zionist movements in the 1st half of the 20th century. As a person who knows family & friends who are veteran overpaid ( extra pay for covering classes, afterschool programs, camps, latch key) , underworked ( frequent preps, frees, breaks all day long) , vacationing frequently teachers, my opinion of this groups union fueled chicanery is unwavering.
“Yes- government grants. Or would you rather they only bailout big banks and financial companies only to see those same companies wallowing in bonuses while they held their hands out for a dole?”
You’re missing my point, I’m quite happy for the Goverment to give to worthy causes and support all aspects of nations’ culture, creative, environment, social etc.
The point was aimed at Joe from Brooklyn who says the difference is goverment money to other areas = welfare, and thats why its not ok.
Union management? That’s like saying Hedge Fund unions!