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The October lead indicators of the San Diego economy have been flat at 110 for the fourth consecutive month, according to Alan Gin of the University of San Diego, who compiles the report. The indicators were 109.7 in June and have been at 110 in every succeeding month. In October, building permits moved in an unfavorable direction, while initial unemployment claims, stock prices, consumer confidence, help wanted advertising and the national economy moved in a positive direction. On the national scene, private-sector employment rose 93,000 in November, the largest gain in three years, according to Automatic Data Processing's employment report released today (Wed., Dec. 1) This portends strong gains in total employment in the Friday U.S. government report, say economists. Stock market futures are up strongly prior to the market's opening.

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Comments

Anon92107 Dec. 1, 2010 @ 11:36 a.m.

You must have recovered Don, maybe another leading indicator, because it seems a long time since you gave us this much good news in one small space.

Hope you stay in great health for a very long time so the economy can recover at last.

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Don Bauder Dec. 1, 2010 @ 12:30 p.m.

If you're waiting for me to feel good before the economy recovers, you may have a long wait. As that old song goes, "Don't Get Aroun' Much Anymore." Best, Don Bauder

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Anon92107 Dec. 1, 2010 @ 1:39 p.m.

Truly sorry to hear that Don, still hope you get your health back regardless of the economy.

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SurfPuppy619 Dec. 1, 2010 @ 1:48 p.m.

The economy is not going to get better until jobs start being created-especially home building/construction jobs, and that has not happened for the last two years and may take another two to three before the cycle turns.

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Anon92107 Dec. 1, 2010 @ 3:15 p.m.

Another ray of hope in addition to what Don documented:

AP (a few minutes ago)

NEW YORK — Stocks started December with a jump. The Dow Jones industrial average rose 249 points Wednesday, its biggest one-day gain since Sept. 1 and the sixth largest this year.

An encouraging employment report and hopes that Europe's debt crisis may ease boosted major indexes on Wednesday, erasing nearly two weeks of losses. Bond prices and the dollar fell as investors moved money into riskier assets.

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Don Bauder Dec. 1, 2010 @ 3:47 p.m.

Stocks zoomed all over the world. Best, Don Bauder

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Don Bauder Dec. 1, 2010 @ 3:47 p.m.

Yes, but we are evolving quickly into a semi-plutonomy. The economy is being designed to satisfy and be supported by the upper 20%, and the rest can go jump in a sewer. That's why 10% unemployment may become the new normal. Best, Don Bauder

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Don Bauder Dec. 1, 2010 @ 3:44 p.m.

I'm getting a little better every day. Best, Don Bauder

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Anon92107 Dec. 2, 2010 @ 4:27 a.m.

Glad to hear that Don, I wish you the best success in your recovery.

No one fights harder for what's right than you do Don.

You have been fighting for all of us as hard as anyone has.

I hope that you can still wake us up in time to save ourselves from the evolving "semi-plutonomy" because we need to join your fight for us more than ever before.

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Don Bauder Dec. 2, 2010 @ 11:49 a.m.

I'm getting a little better every day. Best, Don Bauder

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