http://www.ritholtz.com/blog/2009/01/stimulus-package-details/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Tue, 14 Feb 2012 17:26:45 +0000 hourly 1 http://wordpress.org/?v=3.0.5 http://www.ritholtz.com/blog/2009/01/stimulus-package-details/comment-page-1/#comment-138632 Pat G. Mon, 12 Jan 2009 23:12:00 +0000 http://www.ritholtz.com/blog/?p=15860#comment-138632 From the figures I saw, most of the job creation is expected to be in retail and hospitality which is temporary at best. Not in construction and manufacturing. If this stimulus doesn't figure to effect the economy until 2010 then what in the meantime? Nothing? I think the dissemination of these "Stimulus Package Details" today are probably the result of why the markets, oil and precious metals sold off. The markets didn't like this news. The dollar rose but that was only because of this week's anticipated ECB rate cut. It should have sold off too and it will eventually. Tell the geniuses that real unemployment is north of 12% now. From the figures I saw, most of the job creation is expected to be in retail and hospitality which is temporary at best. Not in construction and manufacturing. If this stimulus doesn’t figure to effect the economy until 2010 then what in the meantime? Nothing? I think the dissemination of these “Stimulus Package Details” today are probably the result of why the markets, oil and precious metals sold off. The markets didn’t like this news. The dollar rose but that was only because of this week’s anticipated ECB rate cut. It should have sold off too and it will eventually. Tell the geniuses that real unemployment is north of 12% now.

]]> http://www.ritholtz.com/blog/2009/01/stimulus-package-details/comment-page-1/#comment-138620 DL Mon, 12 Jan 2009 22:21:41 +0000 http://www.ritholtz.com/blog/?p=15860#comment-138620 Big government spending and a huge national debt are now considered entirely acceptable, as long as they are labelled as an "economic stimulus". Big government spending and a huge national debt are now considered entirely acceptable, as long as they are labelled as an “economic stimulus”.

]]>