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Originally Posted by aft_lizard01  BTW Unemployment has dropped today, so with this bad recession we have GDP growth, lower unemployment, dollar revaluation, and lower crude speculation costs. We are doomed. |
Ain't it amazing that Thomas Jefferson's words are still valid today.
Unemployment claims dropped unemployment did not. Remember the unemployment benefit has a defined term and someone falling off the rolls results in a "decline in the unemployed." The economy actually lost jobs for the fourth month in a row per the same report that references the unemployment figures. Crude futures dropped to $113 and this week's oil trading prices dropped for the first time in several weeks on the first bump in the value of the dollar against the Euro since the middle of April and increased production in Nigeria. Depending on which way the Fed goes and if the currentl slow down continues Regardless of this week's change, the price of oil remains at or near historical hights and the value of the dollar is at historical lows. Are we doomed? We're all doomed regardless of the price of oil.