Jobs, economy likely to show mild growth,Stocks rally 3% on robust Black Friday sales

Jobs Data likely to show mild growth

The U.S. economy is likely to show further evidence of revival in a heavy week of data punctuated by the monthly jobs report.

at this stage of a recovery. The nation’s high 9.0% jobless rate is clear testament of that.

The MarketWatch survey of economists forecasts the U.S. will grow 2.5% in the final three months of 2011, compared to 2.0% in the third quarter.

Still, a steady increase in jobs means the overall amount of money consumers have to spend will increase, lifting demand for the goods and services produced by U.S. businesses. Consumer spending accounts for as much as 70% of economic growth.

little sheeps cant stop shopping unless there wallets and fake money ran dry

the near-term outlook is cloudy.

Meanwhile the stocks are having a suckers rally
MarketWatch Source

U.S. stocks opened higher Monday as Europe planned to leverage a regional rescue fund and evidence U.S. holiday sales got off to a record start. "More consumers than ever turned out for retailers' Black Friday promotions, a promising sign for the economic recovery,"

Really a promising sign for the economic recovery?
Heres CNN side
CNN Source

Today the stocks are up but then again this rally wont last as it didnt last week.

reply to post by Agent_USA_Supporter


Not to unusual given the length of the decline, and 11,500 being a threshold for the past year. Such high volatility speaks louder than any report that comes out, but they need to put a positive spin on the stock movements for the consumers sake.

these news people are dumb. Black Friday sales rose 16% from last year but the M2 money supply rose 17% from last year. what does that tell you?

Its all magic tricks, Unicorns, and skittles

My wife drug me out at midnight on black Friday, wasn't doing any shopping myself so I talked to other shoppers.
What I got was, most were buy for themselfs and not for Christmas. I think black Friday is backfiring .
Come Jan. most business sales will be really slow and low.

Originally posted by OLD HIPPY DUDE
My wife drug me out at midnight on black Friday, wasn't doing any shopping myself so I talked to other shoppers.
What I got was, most were buy for themselfs and not for Christmas. I think black Friday is backfiring .
Come Jan. most business sales will be really slow and low.

Wow what a great observation, I was thinking of doing the same but a savings of $20 is going to have to be alot more for me to get out of bed and 3am

Sounds great but that's the same old story for several years now - smoke, mirrors, and all.
The weekly rise and fall of the equity markets correspond directly to the 'EU Bailout of the Week" - which means absolutely zippo and is only meant to deceive and profit from market fluctutations. The domino effect of crashing economies throughout the Western world (and beyond) is unstoppable due to the enormous scale of fraud, greed, and stupidity.
Interesting how no one I know went out shopping on 'Black Friday' and also plan to spend very little this season, again.
With our corrupt and treasonous two-Party political monopoly and their masters in banking and big corporate determined to maintain the status quo both in terms of domestic and foreign policy, combined with a largely apathetic and easily distracted and propagandized society, there will be no change for the better anytime soon.
Bet the foreclosed ranch on THAT!

reply to post by OLD HIPPY DUDE


Sorry buddy .. no man should have to be dragged out by his wife at midnight to go shopping no matter how good the deals are!

There wasn't a record "turnout" at stores, a correction to the news story that won't be corrected by their editors: Internet sales (which usually carried the same sales as the stores) rose nearly 40%.. meaning the huge gains in sales was most likely pushed by internet sales. Obviously. Stupid MSM.

So this means one of two things.

People did a larger percentage of their shopping all at once because of the ease of online shopping..
People will buy MORE this year because of the ease of online shopping.

I admit I took advantage of some online sales, for myself. Bah humbug why shouldn't I buy meself an xmas present! lol

Personally I see it as option number one. But you also have to keep in mind Foreclosures: Foreclosures actually drastically increase the available funds to be spent by a family.. instead of spending $1,500 a month on a mortgage, it's being used to pay down debt or ... buy plastic garbage from China.

Want vs. need, people have trouble separating the two. Another reason is "buying happiness". People are feeling beat up, depressed but hey, maybe that new big screen will make me feel better. This is true, depression and dissatisfaction leads to unnecessary shopping. People are seeking something and may feel an item will give them what they seek. Black Friday is the day to go shopping; it is advertised continually so people go shopping. The US people have shown that they are easily led into believing what they are told rather than thinking for themselves. I am sure there is much buyer’s remorse after Black Friday and I would really like to know the return figures after Black Friday.