[expat_panama]

The bottom line here is that everyone's broke, nobody's buying, and inventories are piling up like 2008. Did I miss anything?

[jsanders2001]

> The bottom line here is that everyone's broke, nobody's buying, and inventories are piling up like 2008. Did I miss anything?

the cost of everything has risen under The One's watch except gasoline and I suspect its being manipulated to destabilize Russia's eonomy and other foreign enemies in addition to preventing the people from revolting.

[Jack Hammer]

Two things for which we can be thankful to Obama: 1. He’s by far the greatest firearms salesman of the era; and, 2. He’s in the process of wiping out the Democrats in 2016.

[gusopol3]

Look for government spending to ramp up big time around August.

[Political Junkie Too]

Did I miss anything?

Nobody's working. The decreasing unemployment numbers are bogus.

-PJ

[Arm_Bears]

the economy appears to be in a decent position to chug along or even improve

Stopped reading right there.

[ArtDodger]

‘Did I miss anything?’
Electronic voting machine fraud...

[expat_panama]

Neat, the day before TGIF we get Sure Happy It's Thursday!  Metals sink into bases while stocks break out to new highs in mixed volume ("pressure" comes off and the rally resumes!). 

Econ reports for everyone to ignore today:

8:30 AM Initial Claims
8:30 AM Continuing Claims
8:30 AM Philadelphia Fed
10:00 AM Philadelphia Fed
10:00 AM Leading Indicators
10:30 AM Natural Gas Inventories

Is it just me or is everyone talking about a letter than nobody can see?   We're getting all kinds of reports that Yellen wrote a letter--

• Yellen's Letter to Paul Ryan Reveals Panic at Fed - Editorial, New York Sun
• The Yellen Letter
• Yellen: Fed bill would "severely damage" US
• Fed chair denounces proposed law as 'grave mistake'
• Fed Chairman Yellen Urges Congress to Reject Fed Reform Bill
• Yellen Opposes GOP Proposal to Boost Fed Oversight
   

--yet while everyone says what they say is is in it, nobody seems to be able to actually show the letter itself.  Not even the Fed has any record of it.  Kind of sounds like Obama's US citizenship...

[Old Sarge]

The dead vote.

[henkster]

Is this article from 2011? I ask because I distinctly recall reading a lot of articles from back then that bad the same meme.

[DaxtonBrown]

“ying, and inventories are piling up like 2008. Did I miss anything? “

Just add in that the situation is worldwide and China is imploding. Just a small oversight.

[randita]

Speculation is that the Fed Reserve will raise interest rates in December. Reason given is that they believe the economy is more or less back on track. I think they should have raised rates a long time ago. ZIRP is killing retirees who are on a fixed income.

[SharpRightTurn]

Worst economy since Jimmy Carter, we’ve been reduced to a food stamp nation, the national debt has doubled, America is a laughing stock to the rest of the world, and the community organizer in chief has successfully sown strife throughout the country.

If the Repukelicans can’t edge out a victory in 2016 they need to disband and seek honest work.

[catfish1957]

Chart could decide election.

Don't fool yourself. Numbers were very similar in '12 to what we were looking at in 1980 with Carter.

The difference, is that you have a much larger voting populous who are in love with their entitlements. Add another faction of left wing idiots, and the dims have a near lock on the POTUS office.

[1010RD]

My back of the envelope calc is that government at all levels is about a 40% cost to economy. So you have to earn $1.67 to just get a dollar that then gets taxed at the federal, state and local level.

That’s an enormous economic drag and most of it is unnecessary. If we returned to a pre-Nixon regulatory environment the economy would boom. Just returning to the bad old days of Billy (the accused rapist) Clinton’s regime and we’d be up in the 3-4% real growth range.

It’s as if the President and his staff hated the country and wanted to create misery for us and the world.