Rah rah, sis boom BAH! Pom poms all around.
There is no inflation says the Fed. Just ignore that USD exchange value that declines every time good news comes out when in a healthy economy it should be doing the opposite. Just ignore the gold price which is the barometer of honesty in the financial world. Just ignore it all and buy what this dream is selling.
Sorry to become ever more strident, but bullshit like this is disturbing to watch. I would be all for a real recovery and a real financial system. I am not a negative person at heart. But this FrankenMarket, FrankenConomy, FrankenFed, FrankenMedia and FrankenGovernment are a real bummer to watch in action. We are in Wonderland folks.
"Stock futures are extending their gains as news of an improving job market and strong consumer spending provided reassurance that the economy is recovering.
The Labor Department says new claims for unemployment insurance fell by 35,000 to 466,000. That's the fewest claims since the week ending Sept. 13, 2008, and was far better than the 500,000 that economists had expected.
The Commerce Department, meanwhile, says consumer spending rose a brisk 0.7 percent last month, following a 0.6 percent pullback in September.
But the government also says orders for big-ticket factory goods fell unexpectedly in October." --AP