Investing 102

[realcoray]

Originally Posted by hifi875

Our government has a peculiar propensity to come out with ambitious unemployment numbers only to come out with corrections 3 or 4 months later. it has occurred many times since obummer has taken office.

Apparently some people don't comprehend that it isn't like the government is the only source on job numbers. ADP who is a huge payroll processing company (symbol ADP) reported 170k private sector jobs in January. They did revise their December number down by 10%, to over 290k, but it's not exactly unbelievable that they have a better picture a month after, than a day after.

I think it's quite likely the 15% rate is doomed, but it may not go back to the way it was. I think a lot of people dislike the uncertaintity around it changing almost as much as it changing. If you know it's going to go back to the way it was, you could plan, if you know it was going to jump to 20% you could plan etc.

I would not anticipate interest rates rising until 2014 as that is what the fed has indicated.