The stock market rocketed up today, to a 4 year high, corporations are setting on billions in cash with record profits and the requirements to pay well and take care of employees is getting less all the time, this is good times for most who are invested in the market. This rally was fueled on unexpected good jobs news, over 200k private sector jobs last month and this weeks unemployment roll is down by at lease one accounting agency. Add to that the European debt situation is firming up and stock markets around the globe climbed. UPDATE: Fri. morning. The official numbers are out by the gov. 96k new jobs, my number above is wrong, not sure where I saw that, it's 96k which is an improvement though small, and it lowers the rate to 8.1%, another positive improvement.
Many had expected these numbers to be bad news and it would take the luster off the last night at the convention. Models forecasting the outcome of the election were to take as much as 4% off the Obama reelection chance had the news been as many predicted. Tomorrow the government releases another measure of jobs, I hope they will be in line with these.
The worlds richest people made more money today than most of us could in 200 years of labor, this is the 2nd biggest wave of wealth landing in their Cayman and Swiss accounts they have ever seen, and they will spend some of it to defeat Obama and anyone who looks like they will tax it, or try to find it.
Darrel,
ReplyDeleteI have and always will believe that the Republicans cut a deal with businesses to sit on hiring until they win this election. They stole two elections in a row. Tell me that they are not capable of doing so?
What do the businesses get in return? The same loop holes and a lower tax rate.
Ron
Yes I believe somewhere in the nation at least some precinct will be tampered with, we have seen so many hateful and threatening statements from so many local officials that it follows, the voter fraud they rail about will be self perpetuated.
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