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what does this idiot Brianna know about the frigging economy? She does her undergrad studies in russian, with a minor (3 or 4 courses) in economics, and suddenly she's qualified to talk about recessions? And where we want our unemployment rate to be?
both of these talking heads are idiots. cramer has flipped his position on where our economy is several times and anyone who takes what he says seriously is a fool.
as for the unemployment numbers being low, any moron knows that is a lagging indicator. financial markets are constantly looking ahead, usually around 6-8 months ahead. it discounts everything.
The odds of 2008 being a "good year" is low. With the mortgage and credit crisis in effect, plus the increase in inflation and the rise of jobs being lost to foreign countries we are in a downward trend. I would not be surprised if the DOW ~12300 falls below 11500 before Feb 15, 2008. When foreign government has to bail out multiple billion dollar financial firms, the U.S. has a major problem.
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The financial sector is 53% off its high.
Good call, bobbleheads!
WHAT A JOKE!
as for the unemployment numbers being low, any moron knows that is a lagging indicator. financial markets are constantly looking ahead, usually around 6-8 months ahead. it discounts everything.
Good luck.