In other economic news today.... - Democratic Underground

Pale Blue Dot

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Mon Aug-01-11 09:30 AM
Original message

In other economic news today....

Auto Sales Stall as Unemployment Puts Peak Out of Reach: Cars

U.S. ISM Manufacturing Index Drops More Than Estimated to 50.9 From 55.3

HSBC to Cut 30,000 Jobs Worldwide by End 2013 to Cut Costs

Allstate Posts $620 Million Loss on Storms

Oh, and the Dow is currently down 30 points.

THANK GOD IT PASSED!

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Blue Meany

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Mon Aug-01-11 09:35 AM
Response to Original message

1. Good thing we're cutting spending, otherwise we might be in

danger of having a serious recession (sarcasm)

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Pale Blue Dot

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Mon Aug-01-11 10:10 AM
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3. Good point. nt.

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Shagbark Hickory

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Mon Aug-01-11 09:41 AM
Response to Original message

2. REgarding auto sales, consumer cofidence is obviously low but the cost of new cars

continues to go way up the cost to drive them continues to go way up.
They still have not come out with cars that are significantly more fuel efficient.

So who in their right mind would buy one if they cost more and aren't any better?
Even if there was all the consumer confidence in the world?

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DU AdBot (1000+ posts)

Mon Apr 29th 2024, 06:51 PM
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