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U.S. will work out rebound (Never short the dollar and never short America)
National Post ^ | 03/30/2010 | Diane Francis

Posted on 03/30/2010 7:13:49 AM PDT by SeekAndFind

"I never short America and I never short the U.S. dollar. The United States has an instinctive ability to self-correct."-- Gordon Nixon, chairman and CEO, Royal Bank of Canada

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He told me that in an interview in September 2009 when the media, and politicians, were predicting the decline of the United States.

This week, six months later, markets are waiting for the breakthrough jump in this Friday's U.S. Labor Department job-creation statistics, with estimates as high as 200,000 new jobs in March.

Last week, Commerce Department spending had risen for the fifth consecutive month, which points to optimism and job creation.

My guess is that April consumer spending, and jobs numbers, will jump throughout summer now that health-care reform has removed the anxiety from America's middle class about catastrophic health-care costs and financial ruination.

This is good news on two levels. As the economic turnaround appears to be happening, the noise coming from an increasingly worrisome Republican fringe -- Tea Party types and Fox TV blowhards -- will become more of a freak show to the majority of the American voting public than it already is. That's because their "audio" of disaster and the "video" of America's gradual improvement will clearly underline their disconnect from reality.

Besides official figures, there are other, quirky, indicators that point to economic expansion. Jack Welch, former General Electric honcho, recently on a U.S. business show pointed to improved sales at restaurants, hair salons, travel bookings and lawn-care contracts.

There's also a pulse returning to residential real estate in some regions, which has shown up in higher sales for furniture, building materials, sporting goods and electronic goods and appliances.

March car sales have picked up and manufacturers in general south of the border have been hiring in the last three months,

(Excerpt) Read more at nationalpost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: america; dollar; short

1 posted on 03/30/2010 7:13:50 AM PDT by SeekAndFind
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To: SeekAndFind
Yah. Umm, debt, rising faster, ever faster; new entitlements, rising even faster than that. Plans afoot to seize all private retirement/pension arrangements. I'm voting against the dollar and the U.S. economy until and unless we finally get some adults back in charge in D.C.

Plato on Obama, x-smallObama,payola,payola card,DNC,corrupt,corruption,dirty,venal,credit,credit card,Democrats
2 posted on 03/30/2010 7:17:18 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: Oceander

Yeah, I know that my anxiety level has gone way down since Obamacare passed. We’re all set for the future.

NOT


3 posted on 03/30/2010 7:22:23 AM PDT by ecomcon
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To: SeekAndFind

Given his complete mischaracterization of Tea Party members as “an increasingly worrisome Republican fringe”, his sneering at Fox, and his certainty that everybody will find jobs starting this summer, I have to conclude he’s wrong on the dollar as well.


4 posted on 03/30/2010 7:31:10 AM PDT by jiggyboy (Ten per cent of poll respondents are either lying or insane)
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To: SeekAndFind
This might have been true when our economy was mostly capitalist. But now, sector by sector and bit by bit, the communists are taking over. Every time they advance their reach, our resilience and our ability to bounce back takes another little hit. This, for a while, will manifest itself in such unpleasant things as jobless "recoveries", flat GDP growth, and economic stagnation. This is what the ' "video" of America's gradual improvement' will look like for the next few years.

Then, when the effects of all this entitlement and debt really take hold, watch out. There won't even be time to say "I told you so". Unless Oceander's "adults" not only get back in charge, and relatively soon, but also find a way to roll back at least the most harmful aspects of this communist cancer that threatens to engulf us all.

5 posted on 03/30/2010 7:34:29 AM PDT by Emile ("Facts do not cease to exist because they are ignored." -- A. Huxley)
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To: SeekAndFind

“to improved sales at...and lawn-care contracts.”

Interesting. And I thought it was the snow melting and the start of spring that was improving lawn-care contracts.


6 posted on 03/30/2010 7:34:56 AM PDT by coaltrain
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To: Oceander

Well, the smart money boys invested in the stock market and have made a killing since O was sworn in and the US Treasury made a killing on Citibank stock which they are now selling for a huge profit in the billions. One mans pain is another mans pleasure.


7 posted on 03/30/2010 7:37:01 AM PDT by mono
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To: mono
Of course, because they're arbitraging all the free money sloshing around right now because of the Fed's stupdity in keeping short-term interest rates at 0%. However, that game only works if you take your profits in the short-term and then put them someplace other than the market - in assets that are not going to be trashed by the inevitable bursting of the now-inflating asset bubble, or by the now-incipient hyperinflation we will soon be "enjoying." For the rest of us, and in particular, anyone who has long-term investments they hold, as opposed to being short-term traders (or, gasp, to use the left's favorite term of opprobrium, "speculators" - funny how the hard-core left-wing Obama administration is right now empowering all manner of financial speculators, supposedly the scum of the earth if you listen to their rhetoric), is going to be one of the pigs, deserving or not, who's led to the slaughter when the markets tank again.

Plato on Obama, small
8 posted on 03/30/2010 7:41:41 AM PDT by Oceander (The Price of Freedom is Eternal Vigilance -- Thos. Jefferson)
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To: SeekAndFind

Yep, and the correction will come in November.


9 posted on 03/30/2010 7:44:28 AM PDT by Juan Medén
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To: Juan Medén
Yep, and the correction will come in November.

Ironically if that happens, that would be the month when I expect most of the bums in Congress responsible for this abomination of a healthcare bill to be thrown out of office.
10 posted on 03/30/2010 7:50:25 AM PDT by SeekAndFind
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To: SeekAndFind

Thus and so.


11 posted on 03/30/2010 7:53:18 AM PDT by Juan Medén
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To: SeekAndFind

Horseapples, the same crowd that tells us we have an amazing recovery under way were all screaming the end of the world a few years ago when we were in immeasurably better shape. Now that there is no possible way to keep heads above water they are all spouting blue sky nonsense.

The real depression is just now revving up its engine.


12 posted on 03/30/2010 8:01:51 AM PDT by RipSawyer (Trying to reason with a leftist is like trying to catch sunshine in a fish net at midnight.)
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To: SeekAndFind

“improved sales at restaurants, hair salons, travel bookings and lawn-care contracts.”

Here in the US we call that Spring.


13 posted on 03/30/2010 8:09:51 AM PDT by sadamico (Can a state AG file a suit against the federal government for violating the US Constitution?)
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To: sadamico
Here in the US we call that Spring.

Expect the unemployment rate to drop this month and the media and Obama to crow that we're on the right track to creating jobs. Thousands of census workers are being hired.
14 posted on 03/30/2010 8:11:21 AM PDT by SeekAndFind
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