It is Getting Better!!

[chefdennis]

Since OVM posted about the auto bailout loses, I figured Id add this for all of barrys supports to cheer about...Yeap that "hope & change" is paying off...We are only going to lose $14 billion on bailing out GM and Chysler...and the News!! Oh wow its GREAT..everything is coming up Roses...yea right:

Prepare for More Money Printing: Analyst

Published: Wednesday, 1 Jun 2011 | 6:42 AM ET
News Headlines

Investors should prepare themselves for a third round of quantitative easing, Simon Maughn, co-head of European equities at MF Global, told CNBC Wednesday.

“The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” said Maughn.

US Manufacturing Growth Slowest Since Sept 2009

Published: Wednesday, 1 Jun 2011 | 10:13 AM ET
News Headlines

The pace of growth in the U.S. manufacturing sector tumbled in May, slackening more than expected to its slowest since September 2009, according to an industry report released Wednesday.

Labor Market Worries Rise on Weak Private Sector Job Growth

Published: Wednesday, 1 Jun 2011 | 10:07 AM ET
News Headlines

U.S. private-sector payroll growth slowed sharply in May, falling to the lowest level in eight months and prompting some economists to lower forecasts for job growth in Friday's U.S. government report.

Wall Street Baffled by Slowing Economy, Low Yields

Published: Wednesday, 1 Jun 2011 | 11:06 AM
News Headlines

"What we’ve got right now is almost near panic going on with money managers and people who are responsible for money," he said. "They can not find a yield and you just don’t want to be putting your money into commodities or things that are punts that might work out or they might not depending on what happens with the economy.

"We need to find real yield and real returns on these assets. You see bad data, you see Treasurys rally, you see all bonds and all fixed-income rally and then the people who are betting against the U.S. economy start getting bearish on stocks. That’s a huge mistake."

Stocks extended losses after the manufacturing fell below expectations in May and the private sector added only 38,000 jobs during the month.

"Interest rates are amazingly low and that, thanks to Ben Bernanke, is driving everything," Yastrow said. "We’re on the verge of a great, great depression. The [Federal Reserve] knows it.