DUmmies love 0Bama's recovery

[thundley4]

Karmadillo (1000+ posts)           Thu Aug-13-09 12:44 PM
Original message
Jobless claims rise, retail sales fall, foreclosures spike to record highs.
   

 
Edited on Thu Aug-13-09 12:50 PM by Karmadillo
http://www.washingtonpost.com/wp-dyn/content/article/20...
August 13, 2009; 11:39 AM

The number of people filing for unemployment last week rose slightly more than expected to 558,000, another reminder that despite other indications of improvement in the economy, the job market remains weak.

First-time claims increased 4,000 compared with the previous week, while the four-week moving average, which smooths out week-to-week volatility, rose by 8,500 to 565,000, the Labor Department reported Thursday. That is still below what it was 18 weeks ago and suggests that initial jobless claims have peaked.

http://online.wsj.com/article/SB125016650493828937.html
AUGUST 13, 2009, 12:07 P.M. ET

WASHINGTON -- U.S. retail sales unexpectedly fell in July despite the debut of the government's "cash for clunkers" program meant to jump-start the auto business and help turn around the economy.

Separately, U.S. businesses let inventories tumble again in June and got solid help from a surge in sales that cleared away some of the excess supply built up during the long recession.

http://www.businessinsider.com/july-foreclosures-spike-...
|Aug. 13, 2009, 8:56 AM

What happened to the green shoots home builders recently told us about? Foreclosures are worse than ever.

RealtyTrac: RealtyTrac the leading online marketplace for foreclosure properties, today released its July 2009 U.S. Foreclosure Market Report™, which shows foreclosure filings — default notices, scheduled auctions and bank repossessions — were reported on 360,149 U.S. properties during the month, an increase of nearly 7 percent from the previous month and an increase of 32 percent from July 2008. The report also shows that one in every 355 U.S. housing units received a foreclosure filing in July.

  http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x6294660

No Free Ponies^TM 

The_Casual_Observer   (1000+ posts)             Thu Aug-13-09 12:50 PM
Response to Original message
1. Sure sounds like a turn-around to me.
   
Printer Friendly | Permalink | Reply | Top
 
CanonRay (1000+ posts)           Thu Aug-13-09 12:51 PM
Response to Original message
2. Yeah, but the DOW is up,
   
so we must be out of the recession. Right.
Printer Friendly | Permalink | Reply | Top
 
Birthmark (1000+ posts)           Thu Aug-13-09 12:54 PM
Response to Original message
3. I love the smell of recovery.
   
It smells like...well, recession.
Printer Friendly | Permalink | Reply | Top
 
SammyWinstonJack   (1000+ posts)             Thu Aug-13-09 01:11 PM
Response to Original message
4. Recovery is just around the corner..along with a chicken in every pot..

Just a small fire, but their tears are sweet. 

DUAdbot rubbing salt in their wounds.

DU AdBot (1000+ posts)       Thu Aug 13th 2009, 01:12 PM
Response to Original message
Advertisements [?]
   Bank Owned Foreclosures
Bank Foreclosures For Under 10K. Free 7-Day Access to All Listings.
FreeForeclosureReport.com
Foreclosures in Your Area
Find Homes From 50% Off. Search 700,000+ Free Listings - Try Now!
www.Bargain.com/Foreclosure
Bank Owned Homes For Sale
Find Homes - Up to 50% Below Value. Search Bank Foreclosures Now!
www.foreclosure.com

 

   

[JohnnyReb]

All the Obama ponies are clubfooted.