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Stocks fumble early gains...Home sales slip...Unemployment claims rebound
NECN.com ^ | July 19, 2012 | NECN.COM

Posted on 07/19/2012 1:32:20 PM PDT by John W

Edited on 07/19/2012 2:46:12 PM PDT by Admin Moderator. [history]

NEW YORK (AP) Some downbeat economic reports have given back some of the early gains for the stock market. Coming into today's session, the market had logged two days of solid advances.

WASHINGTON (AP) The National Association of Realtors says sales of previously-owned homes fell 5.4 percent in June. Sales are higher than a year earlier, but the annual sales pace is below the level economists consider healthy.


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


TOPICS: Breaking News; Business/Economy; News/Current Events
KEYWORDS:

1 posted on 07/19/2012 1:32:23 PM PDT by John W
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To: John W

ObaMugabe: “The Private Sector Is Doing Fine”

http://www.youtube.com/watch?v=qevbhsmKFOQ


2 posted on 07/19/2012 1:42:28 PM PDT by F15Eagle (1 John 5:4-5, 4:15, 5:13; John 3:17-18, 6:69, 11:25, 14:6, 20:31; Rom10:8-11; 1 Tim 2:5; Titus 3:4-5)
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To: John W

“Ooooo, aren’t the Emperor’s new clothes beautiful?”


3 posted on 07/19/2012 1:56:33 PM PDT by arrogantsob (Obama must Go. Sarah herself supports Romney.)
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To: John W

Boy, I’m soooooooooooooo glad the private sector is doing fine.


4 posted on 07/19/2012 1:57:15 PM PDT by arderkrag (ABOs are Romneybot trolls. LOOKING FOR ROLEPLAYERS. Check Profile.)
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To: John W

You wage war on the private sector and you expect good economic new? Maybe you should put down the crack pipe for a while.


5 posted on 07/19/2012 1:59:53 PM PDT by fhayek
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To: John W

Just another day in Obamaland, where the goal is to turn everything into Detroit.


6 posted on 07/19/2012 2:00:05 PM PDT by LostInBayport (When there are more people riding in the cart than there are pulling it, the cart stops moving...)
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To: John W

You wage war on the private sector and you expect good economic news? Maybe you should put down the crack pipe for a while.


7 posted on 07/19/2012 2:01:29 PM PDT by fhayek
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To: John W
new claims for unemployment benefits rose by 34,000 last week, reversing a drop that was seen in the previous week.

Excuse me.

Where is the "unexpectedly"?

8 posted on 07/19/2012 2:01:49 PM PDT by MAexile (Bats left, votes right)
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To: John W

sounds more like a confession than a news story. My main quarrel with this kind of dope is with the real estate shysters who just can’t resist trying to talk the housing market up-——couldn’t get around to mentioning that foreclosures are just powering along.


9 posted on 07/19/2012 2:03:46 PM PDT by cherokee1 (skip the names---just kick the buttz)
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To: John W

All of the major stock indexes around the world are up now.


10 posted on 07/19/2012 2:19:11 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: familyop

What is the cause for this today?


11 posted on 07/19/2012 2:21:31 PM PDT by John W (Viva Cristo Rey!)
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To: John W

20 years or so to go on the residential real estate downtrend, BTW. It won’t have any chance of going up, until all of the foreclosures and short sales are done, and property taxes, adjusted properly, steeply downward.


12 posted on 07/19/2012 2:25:00 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: John W

Don’t know but crude oil prices are on a sharp uptick today, both domestic and foreign. Looks like the gas price plummet has run its course and is starting northward again. Bad news for Barry’s election chances when the this all crests in October.


13 posted on 07/19/2012 2:41:16 PM PDT by OrangeHoof (Our economy won't heal until one particular black man is unemployed.)
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To: John W
"What is the cause for this today?"

Perhaps huge sums of funny bond investments slowly reloaded into stocks for next summer's dollar magic and tourist enticement show (next re-stuffing of bonds w/ propaganda blitz--dollar artificially up, oil artificially down). It's beginning to be a yearly May-June occurrence.

Then every late summer or early fall, lo and behold, China didn't collapse. Our US debt ceiling is raised again. Oil goes up. The dollar goes down. The debt regime rolls on a little longer...somehow.

What's fascinating is how long they keep it going without anywhere near adequate US manufacturing production or much of any other real work. A nation of overpaid political regulators, propagandists and pensioned colleagues sitting on their butts, plotting and scheming.


14 posted on 07/19/2012 2:41:42 PM PDT by familyop ("Wanna cigarette? You're never too young to start." --Deacon, "Waterworld")
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To: John W
And just to make sure Oboma destroys the U.S. completely before he's booted out.....

USDA partnering with Mexico to boost food stamp participation

"USDA has an agreement with Mexico to promote American food assistance programs, including food stamps, among Mexican Americans, Mexican nationals and migrant communities in America.

15 posted on 07/19/2012 2:57:05 PM PDT by concerned about politics ("Get thee behind me, Liberal")
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To: F15Eagle

Good News! The entire country gets to go on disability!

Then we’ll import workers from places even more Hellish than the New America to actually do stuff!


16 posted on 07/19/2012 3:34:00 PM PDT by Scott from the Left Coast
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To: John W

And Obama remains at 45% approval.


17 posted on 07/19/2012 3:35:29 PM PDT by riri (Plannedopolis-look it up. It's how the elites plan for US to live.)
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To: familyop
A nation of overpaid political regulators, propagandists and pensioned colleagues sitting on their butts, plotting and scheming.

Yep

18 posted on 07/19/2012 3:39:21 PM PDT by ecomcon
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