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Keyword: economy

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  • Japanese Style Deflation Headed to Europe and America?

    10/25/2014 10:13:02 AM PDT · by Kaslin · 17 replies
    Townhall.com ^ | October 25, 2014 | Mike Shedlock
    There's some interesting discussion points in the UK-based Absolute Return Partners October 2014 Letter, by Niels C. Jensen, most of which I agree with, others not. Japan-Style Deflation in Our Backyard? It is no secret that we have been long-standing believers in deflation being a more probable outcome of the 2008-09 crisis than high inflation. What has changed over the past six months is that the world has begun to move in different directions. Whereas rising unit labour costs in the U.S. make outright deflation in that country quite unlikely, the same cannot be said of the Eurozone. Japan-style deflation...
  • Inflation: Not Entirely Tame (Captain Obvious Alert!)

    10/25/2014 2:54:44 PM PDT · by Red in Blue PA · 8 replies
    The graph above shows that after years of holding back inflation rates, the rate of housing inflation is boosting the rate of inflation. Month-to-month housing inflation was up 0.3% compared with the overall inflation rate of 0.1%. It's not just a one-month phenomenon, either, as year-over-year shelter price increases were up 3.0% versus 1.7% for the overall rate of inflation. Unfortunately, shelter is the single biggest component of the CPI calculation, so big moves here are magnified. For some perspective, gasoline is 5% and food is 14% of the CPI calculation. The good news is that consumers, with locked-in mortgages,...
  • My Conservative Credo!

    10/25/2014 2:14:02 PM PDT · by xuberalles · 7 replies
    Self | 10/25/14 | Me
    I believe in the timeless ideals that once made America the "last, best hope of mankind"! I denounce any form of intrusive and unilateral government that does not serve the rights and will of the people. I believe "We the People" can accomplish anything when liberty, hard work and accountability are non-negotiable. We can reform healthcare, without denying individual liberty and caving in to highly inept and wasteful socialized medicine. We can honor legal immigration, the promise that is America, without abandoning our borders and sovereignty. We can reward hard work and private enterprise, the innovative spirit of industry, instead...
  • On The Coming Collapse Of Copper

    10/25/2014 10:47:46 AM PDT · by blam · 27 replies
    Zero Hedge ^ | 10-25-2014 | Tyler Durden
    Tyler Durden 10/25/2014 18 months ago we first brought the world's attention to the end of what has now been exposed as among the largest ponzi schemes in history - the Chinese Commodity Financing Deals (CCFDs) - pointing out how this meant commodities like copper were likely to come under pressure as firms liquidate what minimal holdings they had (and sell out futures hedges) to manage the risk of unwinds in these quasi-collateralized deals. Since then, copper prices have indeed plunged, as has global growth expectations and global bond yields as a realization that 'demand' implied by previous prices was...
  • (Flashback)Unemployment Rate Falls For All The Wrong Reasons

    10/25/2014 7:20:49 AM PDT · by Son House · 2 replies
    CNN Money ^ | April 5, 2013 | Chris Isidore
    The difficulty for younger workers finding jobs is also a factor...The participation rate for those age 16 to 24 was near a 50-year low. Heidi Shierholz, a labor economist with the Economic Policy Institute...She points out that the participation rate of "prime-age" workers, age 25 to 54, also fell to match the lowest reading since 1984. "It's the lack of job opportunities -- the lack of demand for workers -- that is keeping these workers from working or seeking work, not other factors," she said. Shierholz said estimates from the nonpartisan Congressional Budget Office show there are 3.9 million workers...
  • The man who wants to build a plastics factory in North Dakota (Part 1)

    10/24/2014 9:47:15 PM PDT · by 2ndDivisionVet · 11 replies
    Bill Gilliam and North Dakota Gov. Jack Dalrymple announced two weeks ago that a venture called Badlands NGL is trying to build a petrochemical plant in North Dakota. The plant will use ethane, the cheap, abundant component of natural gas that rises from the same wells that produce oil in the Bakken. Natural gas in North Dakota is especially high in ethane content (see deck 39), and Gilliam thinks he can figure out a way to get enough of it in pure form to start cranking out train car loads of plastic beads for industrial use. A lot has to...
  • Russia Tones Down the Rhetoric as Its Economy Struggles

    10/23/2014 12:16:59 PM PDT · by upbeat5 · 13 replies
    The Fiscal times via Yahoo.com ^ | October 23, 2014 | Rob Garver
    Russia’s leaders have continued to criticize the economic sanctions imposed by the West over their invasion of Ukraine, but the official complaints from Foreign Minister Sergei Lavrov have recently taken a more-in-sorrow-than-in-anger tone. The sanctions, Lavrov and others suggest, won’t really hurt the Russian economy in the long term, but are damaging to international cooperation in general. Related Stories Moody's cuts Russia's sovereign rating by one notch to Baa2 MarketWatch Russia warns of ‘prolonged’ period of cold relations with U.S. Fortune [$$] Russia's Debt Downgraded The Wall Street Journal Russia's Investment Grade Status Teeters On Edge Following Moody's Downgrade Forbes...
  • The dangers of deflation The pendulum swings to the pit

    10/23/2014 10:43:12 AM PDT · by expat_panama · 74 replies
    The Economist ^ | Oct 25th 2014 | [editors]
    [snip]The lowflation of being consistently below an already low target is bad in itself; the deflation it could easy lead to is even worse. There are several reasons. The belief that money made tomorrow will be worth less than money today stymies investment; the belief that goods bought tomorrow will be cheaper than goods bought today chokes consumption. Central bankers can no longer set real (that is, inflation-adjusted) interest rates low enough to restore demand. Wages, incomes and tax revenue all stall, undermining the ability of households, businesses and governments to pay their debts—debts which, in real terms, will grow...
  • Who Mines The Dilithium?

    10/22/2014 10:26:03 PM PDT · by 2ndDivisionVet · 43 replies
    Hot Air ^ | May 15, 2009 | Doctor Zero
    One of my favorite little moments in the very entertaining new “Star Trek” movie comes when the young James T. Kirk activates the computer system of a car he swiped for a joyride, and the Nokia logo comes up. It’s nice to see Nokia’s still in business in the twenty-third century. Such simple touches help to humanize the Star Trek universe, which had drifted a bit too far from recognizable human experience for audiences to fully engage with its characters. The presence of a good old-fashioned corporate logo in the new movie put me in mind of a long-ago, free-wheeling,...
  • New York Times: Nation’s Confidence Ebbs at a Steady Drip

    10/22/2014 7:30:42 AM PDT · by SeekAndFind · 15 replies
    New York Times ^ | 10/22/2014 | Peter Baker
    WASHINGTON — In taking office during two overseas wars and the Great Recession, President Obama set out to restore society’s frayed faith in its public institutions, saying that the question was not whether government was too big or small, “but whether it works.” Six years later, Americans seem more dubious than ever that it really does. With every passing week or month, it seems, some government agency or another has had a misstep or has been caught up in scandals that have deeply eroded public confidence. The Internal Revenue Service targets political groups, the Border Patrol is overwhelmed by children...
  • Joe Biden Accidentally Touts Falling Labor Participation Rate

    10/21/2014 12:51:54 PM PDT · by therightliveswithus · 7 replies
    Pundit Press ^ | 10/21/14 | Aurelius
    Joe Biden accidentally touted the low and falling labor participation rate on Twitter by touting the decline in long-term unemployment. The Vice President tweeted this graph, which he says shows a sharp decline in unemployment thanks to jobs created by the Obama Administration: Unfortunately for Mr. Biden, this graph looks oddly similar to this graph, which charts the labor participation rate in the United States: There is a strong correlation between the amount of people who have dropped out of the work force because they have been unemployed for so long and the drop in the unemployment rate. Further complicating...
  • Rental America: Why the poor pay $4,150 for a $1,500 sofa

    10/21/2014 8:49:47 AM PDT · by knak · 150 replies
    washington post ^ | 10/16/14 | harlan
    CULLMAN, Ala. — The love seat and sofa that Jamie Abbott can’t quite afford ended up in her double-wide trailer because of the day earlier this year when she and her family walked into a new store called Buddy’s. Abbott had no access to credit, no bank account and little cash, but here was a place that catered to exactly those kinds of customers. Anything could be hers. The possibilities — and the prices — were dizzying. At Buddy’s, a used 32-gigabyte, early model iPad costs $1,439.28, paid over 72 weeks. An Acer laptop: $1,943.28, in 72 weekly installments. A...
  • Leading Contrarian Economist: “We Are Coming In On The End Game Here” (John Williams)

    10/21/2014 9:40:27 AM PDT · by blam · 47 replies
    SHTF Plan ^ | 10-21-2014 | Mac Slavo
    Mac Slavo October 20th, 2014 To say that the U.S. economy is in trouble would be an understatement. According to Shadow Stats economist John Williams, we may be on the very cusp of a crisis so severe that it promises to re-write the entire paradigm. Debt is out of control and foreign holders of U.S. Treasury bonds are getting antsy. Nowhere is this more obvious than in China and Russia, where leaders of the globe’s other super powers are feverishly working to distance themselves from the U.S. dollar by establishing new monetary relationships that completely bypass the world’s reserve currency....
  • Catching A Glimpse Of America’s Future In Ferguson

    10/20/2014 11:11:11 PM PDT · by 2ndDivisionVet · 14 replies
    Mint Press News ^ | October 20, 2014 | Jeffrey Cavanaugh
    The demographic, cultural and economic changes unfolding in America will eventually leave the country looking a lot like Ferguson today: divided between a rich, white minority establishment and a largely disenfranchised, multi-racial majority. On Oct. 12 the good people of Ferguson, Missouri, continued to protest the unjustified shooting death of black teenager Michael Brown by municipal police officer Darren Wilson. Seventeen people were arrested for participating in an unlawful assembly outside a convenience store, and the following day, 50 others were arrested as part of an organized “Moral Monday” protest challenging St. Louis’ casual acceptance of police violence and brutality....
  • Obama's Latest Speech About The Economic "Recovery" Results In Mass Audience Exodus (Video)

    10/20/2014 1:22:14 PM PDT · by SeekAndFind · 23 replies
    Zero Hedge ^ | 10/20/2014 | Tyler Durden
    Yesterday, Obama made a rare campaign trail appearance in Maryland where he spoke in support of Democratic candidate for governor, Anthony Brown, proceeded with his usual bulletin of reading fabricated economic data off the teleprompter in which he highlighted improvements in US unemployment (if not the 46.5 million people on foodstamps or the 93 million Americans out of the labor force), a rebounding housing market (just as the bouncing dead cat is once again dead), the benefits of health insurance (if no mention of the disaster for small businesses that Obamacare now definitively is) a resurgent manufacturing sector (just...
  • Where is this economic collapse so many are saying will happen?

    10/19/2014 10:20:36 PM PDT · by eekitsagreek · 78 replies
    If you go to different websites or listen to certain radio hosts, there is a lot of discussion of "economic collapse", "dollar collapse" or "petrodollar collapse" and so forth. They make it sound like we will end up like the Weimar Republic with people carrying their worthless money in wheelbarrows. I am not an economics expert (nor do I play one online), but are we really heading for collapse or is it all a bunch of talk? I know we have a huge debt problem, but we keep printing money. How long can this keep going? I am confused! Any...
  • Sleepless Socialists in Seattle!

    10/19/2014 5:17:17 PM PDT · by xuberalles · 32 replies
    Self | 10/19/14 | Me
    Apparently asking $15 an hour for fast food workers isn’t enough so unappreciated socialists in Seattle are demanding the minimum wage be raised to a “paltry” $20 an hour. There are skilled and educated professionals who don’t command such a wage, not to mention soldiers facing death daily on the front lines of tyranny, but these hypocrites who religiously shell out $5 for a cup of Joe are demanding social justice because they feel slighted by more accomplished Americans? If radical leftists ever succeed in enacting such a law, and I believe it’s only a matter of time before they...
  • A wealthy Michigan suburb who built FENCES across the streets to keep out Detroit 'have-nots'

    10/19/2014 1:18:08 PM PDT · by CorporateStepsister · 92 replies
    Daily Mail ^ | 19 October 2014 | Sophie Jane Evans for MailOnline
    On one side, there are dilapidated houses, gardens overflowing with weeds and a high crime rate. On the other, there are streets filled with spacious homes, well-manicured lawns and yoga studios. This is one of numerous fences that have been erected by the wealthy 'haves' of the Michigan suburb of Grosse Pointe Park to 'prevent 'have-nots' from Detroit from driving into the city'. The brick barrier, reading 'Road Ends', represents a significant divide between the two cities, which despite their proximity, differ greatly in terms of average salary, crime rates and general desirability.
  • Investment & Finance Thread Market Bounce Re-cap

    10/19/2014 11:18:38 AM PDT · by expat_panama · 80 replies
    Weekly investment & finance thread ^ | Oct. 19, 2014 | Freeper Investors
    This past week saw upside reversals across the board coming out with prices holding steady in spite of the hammering we had over the past month or two.  [click pix to enlarge]The October metals rally held on to its gains, in fact market prices show gold's just about clawed back to break-even for 2014.  That's said, metals' role in price trends ahead is become increasingly controversial (re Gold And Silver - Financial World: House Of Cards Built On Sand) even while many see a bright tomorrow with other commodities (We Maintain Our Outlook For Higher Prices For Commodities).  Stocks.  OK,...
  • Interview: Why This Tea Party Activist Is Fighting for Solar

    10/19/2014 6:48:24 AM PDT · by Cincinatus' Wife · 34 replies
    Green Tech ^ | September 11, 2014 | Midwest Energy News, Kari Lydersen
    Debbie Dooley is not a tree-hugger -- in fact she bills herself as a radical right-wing grandmother, and she is a founding member of the national Tea Party and a leader of the Atlanta Tea Party group. But Dooley is also an outspoken proponent of distributed solar generation and other forms of renewable distributed energy. She will be the featured speaker next week at the Wisconsin Solar Energy Industries Association’s Solar Social Speakers series -- as advocates in the state say solar is under attack by elected officials, regulators and major utilities. While in Wisconsin, Dooley will also visit a...
  • New York Dominates 2014 List of America's Most Expensive ZIP Codes

    10/18/2014 8:42:06 PM PDT · by 2ndDivisionVet · 9 replies
    Forbes Magazine's Life Blog ^ | October 8, 2014 | Erin Carlyle
    In Atherton, Calif., 94027, the most expensive home currently on the market is a 12,840-square-foot Mediterranean mansion with a $21.988 million price tag. Not a millionaire? Good luck finding a place to live in this Silicon Valley enclave. The least expensive home for sale in the 94027 ZIP code is a 1,370-square-foot, two-bedroom, two-bath bungalow. In other words, a starter home–with an asking price of $1.499 million. The median price of the 24 homes listed for sale over the summer was $9.03 million, making Atherton the most expensive ZIP code in America for the second year in a row. “Atherton...
  • The Magical Land of Progressitopia

    10/18/2014 8:29:26 PM PDT · by 2ndDivisionVet · 2 replies
    The Blaze ^ | October 15, 2014 | Matt Barber
    There once was a land, a magical land, with a chicken in every pot. And in this land, which was called Progressitopia, there were two peoples. There were those who saw the world as it was, and there were those who saw the world as they oh-so-very-much wished it could be. The former were called the Trads, and the latter, the Progs. It was the Progs who held dominion over this great land, and so it was they who wrote, or re-wrote, her history. Now, in this kingdom we must remember that Christianity, or “Christianism” as it would later be...
  • Mayor Rawlings on Ebola: 'Dallas is safe'

    10/18/2014 3:03:39 PM PDT · by re_nortex · 29 replies
    WFAA ^ | Oct 18, 2014 | Walt Zwirko, WFAA
    Dallas Mayor Mike Rawlings is making a direct appeal to potential tourists and convention planners who may be having second thoughts about travel to the city that has become the epicenter of Ebola in America..
  • Editorial: We recommend Greg Abbott for Texas governor (Dallas Morning News!)

    10/18/2014 4:31:05 PM PDT · by 2ndDivisionVet · 20 replies
    The Dallas Morning News ^ | October 16, 2014 | The Editors
    Texas’ two leading gubernatorial candidates have earned our respect despite their flaws. Republican Greg Abbott is the model of perseverance for fighting back in a wheelchair from a spine-crushing 1984 accident to become attorney general. Democratic state Sen. Wendy Davis demonstrated exceptional courage with her 2013 Senate filibuster to halt legislation aimed at restricting abortion rights. These two uphold Texas’ fighting spirit. When this newspaper weighs all the issues, however, Abbott tips the balance as the candidate most capable of sustaining the state’s economic success and holding in check growing extremism in the state GOP. Texas Republicans’ hard-right swing in...
  • Lower oil prices are unambiguously good

    10/17/2014 9:03:36 PM PDT · by Abakumov · 41 replies
    Human Events.com ^ | October 18, 2014 | Larry Kudlow
    Steep stock market corrections often create shrouds of pessimism that do bad things to people’s brainpower. And one of the absolutely stupidest things I have heard in recent weeks is that the recent drop in oil prices is bad. You heard me right. Serious people on financial television are saying lower oil prices are a signal of worldwide economic collapse. Here at home that translates to recession, deflation, a profits collapse and rising unemployment. I’ve been around for a while, and I’ve seldom heard such gibberish. The latest stock market scare stems from a bunch of fears — such as...
  • GOLDMAN: Here's The Worst-Case Scenario For Ebola (Business - Economy)

    10/17/2014 5:36:58 AM PDT · by blam · 10 replies
    BI ^ | 10-17-2014 | Sam Ro
    Sam Ro October 17, 2014The spread of the Ebola virus has been dominating headlines in recent weeks. While the ultimate death toll may be limited, the economic impact could potentially be significant. The "'fear factor' associated with Ebola appears more significant than in past instances of pandemic concern, in our view," Goldman Sachs' Kris Dawsey writes. Dawsey studied how other recent pandemic events ultimately played out in the US and Hong Kong. "Recent episodes of pandemic concern in the US — including SARS in 2003, bird flu (H5N1) in 2005, and swine flu (H1N1) in 2009 — resulted in little...
  • Markets Are Surging

    10/17/2014 4:02:26 AM PDT · by blam · 9 replies
    BI ^ | 10=17-2014 | Mike Bird
    Mike Bird October 17, 2014European markets are rallying on Friday, but it looks as if there is going to be some incredible volatility again following a rocky day for stocks. France's CAC 40 is up 1.78% Spain's IBEX is up 1.95% Italy's FTSE MIB is up 1.70% Britain's FTSE 100 is up 1.04% Germany's DAX is up 1.68% In Asia, Japan’s Nikkei closed down 1.40%. It’s now down 9.48% since the start of the year, one of the worst-performing indices in the advanced economies during 2014 so far. Hong Kong’s Hang Seng closed up 0.60%. US stock futures are climbing,...
  • Low Oil Prices: A $660 Billion Stimulus Package

    10/17/2014 3:01:13 AM PDT · by 2ndDivisionVet · 18 replies
    BuzzFeed News ^ | October 16, 2014 | Matthew Zeitlin
    Crude prices have plunged by more than 20% in recent months. The fall means cheaper gas, cheaper flights, and generally good news for American consumers. Oil prices have been falling for months, and the slide could easily continue. With unprecedented instability in the Middle East, how could this be happening? The answer, according to analysts who follow the market, is a little bit of everything, from economic fundamentals in big oil consuming countries to growth in output among some oil producers. But much more clear is the effect of tumbling prices: Low oil prices are the equivalent of a massive...
  • Seattle Socialist Group Pushing $20/hr Min. Wage Offers $13/hr for Web Developer

    10/16/2014 1:25:32 PM PDT · by therightliveswithus · 22 replies
    Pundit Press ^ | 10/16/14 | Aurelius
    It's sometimes said that if some people didn't have double standards, they'd have no standards at all. That applies to the Freedom Socialist Party. In 2012, their official website was pushing for a drastic increase in the minimum wage. In fact, they pushed for a full $20 per hour minimum wage, even for the most basic jobs: Well, if you are a socialist, I have good news: the Freedom Socialist Party is hiring! They must have competitive wages for a web developer, right? Not exactly. The people who want people who flip hamburgers for a living to earn $20 an...
  • Ebola, Meet The ADA: Advice For Employers On Handling The Outbreak

    10/16/2014 10:46:19 AM PDT · by 2ndDivisionVet · 27 replies
    Forbes ^ | October 16, 2014 | Daniel Fisher, A. Kevin Troutman and Matthew Korn
    How should employers respond when they learn that an employee is planning a trip to West Africa to visit family? What if other employees refuse to come to work because they fear that the returning employee may have been exposed to Ebola Virus Disease? How can employers prepare in advance for such situations? Based on extensive news media coverage of the spread of Ebola in West Africa, and the recent transmission of the virus in the United States, many employers are scrambling to answer these questions. The right response depends on several factors and there is no one-size-fits-all solution. However,...
  • The U.S. Economic Recovery Is Still On Food Stamps

    10/16/2014 7:08:40 AM PDT · by SeekAndFind · 19 replies
    RCM ^ | 10/15/2014 | Riobert Doar
    Something peculiar is happening to our nation's food assistance program. The recently renamed food stamp program - now called the Supplemental Nutrition Assistance Program or SNAP - is supposed to respond to difficult economic conditions by providing financial assistance to purchase food to poor Americans. As bad times hit and more people need assistance, SNAP caseloads should go up. And as the economy strengthens, the number of SNAP recipients should decline - at least in theory.For most of the history of the program, that is what happened. As the accompanying chart shows, from 1969 until 2003, SNAP has been very...
  • 12 Charts That Show The Permanent Damage That Has Been Done To The U.S. Economy

    10/16/2014 7:00:43 AM PDT · by SeekAndFind · 17 replies
    TEC ^ | 10/15/2014 | Michael Snyder
    Most people that discuss the "economic collapse" focus on what is coming in the future. And without a doubt, we are on the verge of some incredibly hard times. But what often gets neglected is the immense permanent damage that has been done to the U.S. economy by the long-term economic collapse that we are already experiencing. In this article I am going to share with you 12 economic charts that show that we are in much, much worse shape than we were five or ten years ago. The long-term problems that are eating away at the foundations of our...
  • Could It Possibly Get Any Worse?

    10/16/2014 3:07:16 AM PDT · by Zakeet · 20 replies
    P.J. Media ^ | October 15, 2014 | Roger L. Simon
    Let’s review: The stock market is in free fall. The Islamic State is on the brink of taking Baghdad and Kobani. The Ebola crisis is spreading and seems on the verge of becoming a pandemic while the CDC is being unmasked as incompetent. The Iran talks are a charade and everyone expects that country to get the bomb. Our vaunted college campuses are transfixed by so-called micro-agressions and a supposed rape epidemic while banning the likes of Ayaan Hirsi Ali and George Will (!) from speaking — and they still cost nearly $70,000 a year. Our putative ally Turkey —...
  • Waiters No More: Unemployed Actors Now Drive Ubers

    10/16/2014 12:20:46 AM PDT · by 2ndDivisionVet · 3 replies
    The Hollywood Reporter ^ | October 10, 2014 | Natalie Jarvey
    Been pitched while in the backseat of a car service? That may be because 60 percent of Lyft drivers also had jobs (or aspirations for one) in the entertainment industry.Before passengers exit from the back of Jerry terHorst's Honda Civic, he makes sure to hand them his card. "Future Famous Actor," it says in block letters. Then, if he gets the chance before they make it to the curb, he tells them about the web series he's working on with his roommate. "I don't want to be that L.A. guy who's like, 'Oh, my web series ...' " he says....
  • How Reparations Could Happen

    10/15/2014 10:52:21 PM PDT · by 2ndDivisionVet · 103 replies
    Ebony Magazine ^ | September 23, 2014 | Hamilton Nolan
    Reparations will amount to a transfer of wealth from the more powerful to the more powerless. This is the closest approximation of justice that I would imagine is possible. We will now engage in some purposely simplified back-of-the-envelope math. Imagine a nationwide, one-time infusion of wealth to those who live at the lower end of America's economic pyramid. Let's take as our starting point that Black households have roughly 60% of the income and 5% of the wealth that White households do. (Hispanic households have just a tiny bit more wealth than Black households. Median household net worth is about...
  • Early Warning of Global Slowdown

    10/15/2014 10:01:39 PM PDT · by Citizen Zed · 3 replies
    In July 2014, ECRI’s International Cyclical Outlook reported “signs of spreading weakness in overall economic growth.” The early warning was based on our Long Leading Index of Global Growth (LLIGG), which was already “hovering near its worst levels since 2011” (top line). The LLIGG subsumes ECRI’s individual long leading indexes for 20 economies that are designed to be mutually comparable across countries, making it appropriate to combine them into a global index. At the time, we observed that, with our analogous Coincident Index of Global Growth (CIGG) “having rolled over” (bottom line) and the LLIGG “in a cyclical downturn, reports...
  • Scary: See How The Fires Obama Has Set Around The World Will Inevitably Consume America

    10/15/2014 10:37:40 AM PDT · by Mozilla · 47 replies
    Western Journalism ^ | October 14, 2014 | Floyd Brown
    In just six years, Barack Obama has brought our country to the edge of ruin. It’s no longer a conspiracy theory to wonder out loud if Obama wants America to fail.There’s no question that he does, and it’s apparent with his actions.The decisions that he’s made as president couldn’t have been more irresponsible.And while many rejoice in the coming end of Obama’s term as U.S. president, I actually cringe…Because I know that when his time runs out, so does ours…Call it treason, call it governmental suicide, call it whatever you want… Obama’s administration is preparing for its grand exit, and...
  • big misses across all data: retail sales, producer prices, empire fed all whiff

    10/15/2014 5:55:26 AM PDT · by blam · 51 replies
    BI ^ | 10-15-2014 | Myles Udland
    Myles Udland October 15, 2014We just got a slew of bad economic data. Retail sales in September fell more than expected, producer prices unexpectedly fell, and the New York Fed's Empire manufacturing report came in way below expectations. Following these reports, the US dollar is falling against the Japanese yen, tumbling back below 107, while US stock futures are sharply lower. Dow futures are down 145 points, S&P 500 futures are down 22 points, and Nasdaq futures are down 38 points. Retail sales in September fell 0.3%, and fell 0.2% excluding autos. Expectations were for sales to show a decline...
  • The Ebola outbreak is not just a human tragedy. It’s also an economic one.

    10/14/2014 6:41:59 PM PDT · by 2ndDivisionVet · 9 replies
    The Washington Post's Wonkblog ^ | October 14, 2014 | Ylan Q. Mui
    Harnessing the energy of the St. Paul River in Liberia, the Mount Coffee hydroelectric plant was supposed to bring power -- and prosperity -- to a country upended by nearly two decades of civil war. That was before the outbreak of Ebola ravaged the developing nation, where less than 1 percent of the population has access to reliable public electricity. Construction on the plant has ground to a halt. The foreign staffers leading the project have left the country. Hopes of lighting up Liberia by 2016 could are dimming. The Ebola epidemic has killed more than 2,300 people in Liberia,...
  • Energy-related exports keep Texas at top of states for overseas sales

    10/14/2014 11:31:36 AM PDT · by SeekAndFind
  • MAULDIN: The Dire Economic Sea Change Is Finally Here

    10/14/2014 4:43:56 AM PDT · by blam · 5 replies
    BI ^ | 10-14-2014 | John Mauldin
    John Mauldin October 14, 2014You don’t need a weathermanTo know which way the wind blows.– Bob Dylan, “Subterranean Homesick Blues,” 1965 Full fathom five thy father lies. Of his bones are coral made. Those are pearls that were his eyes. Nothing of him that doth fade, But doth suffer a sea-change Into something rich and strange. – William Shakespeare, The Tempest Did you feel the economic weather change this week? The shift was subtle, like fall tippy-toeing in after a pleasant summer to surprise us, but I think we’ll look back and say this was the moment when that last...
  • Cronyism Kills

    10/13/2014 9:01:08 PM PDT · by grandpa jones · 4 replies
    Nuke Gingrich.com ^ | 10/13/14 | nuke
    Remember 2009? The Obama regime promised a miracle economic recovery if only Congress would pass their mammoth economic stimulus bill. Shovel-ready jobs. Green, renewable energy. Smart Policies. Yada, yada, yada. This occurred to me as I saw some of the new Democrat ads blaming the GOP for Ebola. “Cuts Kill,” or something. Some $80 BILLION in the stimulus package was devoted to green energy, much of which was directed to campaign donors and other friends of the regime. In short order, many of those same companies began to fail. As Ashe Schow notes: So far, 34 companies that were offered...
  • Git-R-Done America vs. Washington

    10/13/2014 6:41:19 PM PDT · by 2ndDivisionVet · 7 replies
    The National Review's Campaign Spot ^ | October 13, 2014 | Jim Geraghty
    You work hard. You pay what you think is more than enough in taxes. The economy hasn’t really felt good since 2008, but you managed to get by. If you’ve got a 401(k), it’s grown in the past few years – but the real estate bubble burned you, and the dot-com bubble burned you before that. You know that nice sum in your 401(k) could plummet without warning. What you would really like is a nice better job, so you could feel better about the amount of income coming in every month. You’re trying to play all of your roles...
  • We're #12! The decline of economic freedom in America [We were #2 in Year 2000]

    10/13/2014 10:51:14 AM PDT · by SeekAndFind · 5 replies
    American Thinker ^ | 10/13/2014 | Rick Moran
    A widely read study of economic freedom in the world has America ranked 12th out of 152 countries measured. As recently as 2000, we were 2nd.The biggest reason for our decline has been a drift away from the rule of law. Breitabart: A new report of "economic freedom" around the world finds the US ranked 12th among 152 countries, tied with the United Kingdom, and lower than neighbor Canada or Australia. The index, published by the Cato Institute and Canada's Fraser Institute, has been published since 1996. As recently as 2000, the US ranked 2nd in the world, in terms...
  • Cost of informal caregiving associated with stroke among the elderly in the United States

    10/13/2014 10:44:05 AM PDT · by Pining_4_TX · 7 replies
    Neurology ^ | 10/10/14 | Heesoo Joo, PhD, Diane O. Dunet, PhD, Jing Fang, MD and Guijing Wang, PhD
    Conclusions: Recent changes in public health and social support policies recognize the economic burden of informal caregiving. Our estimates reinforce the high economic burden of stroke in the United States and provide up-to-date information for policy development and decision-making.
  • The Coming Stock Market Crash and The Death of Money with Jim Rickards

    10/13/2014 4:37:09 AM PDT · by Enlightened1 · 61 replies
    Youtube ^ | 09/18/14
    Jim Rickards, the Financial Threat and Asymmetric Warfare Advisor for both the Pentagon and CIA. Recently, all 16 branches of our Intelligence Community have come together to release a shocking report. These agencies, that include the CIA, FBI, Army, and Navy, they've already begun to estimate the impact of the fall of the dollar as the global reserve currency. And our reign as the world's leading super power being annihilated in a way equivalent to the end of the British Empire, post-World War II. And the end game could be a nightmarish scenario, where the world falls into an extended...
  • NYC Hosts Medical Marijuana Expo As State Ramps Up For Legalization

    10/12/2014 10:21:47 PM PDT · by 2ndDivisionVet · 54 replies
    New York state lawmakers and advocates of medical marijuana gathered in New York City on Sunday to discuss the implementation of a new state law authorizing medical marijuana. The event drew potential patients, policymakers and hundreds of people interested in working in the new medical marijuana industry. State lawmakers voted this year to make New York the 23rd state to authorize pot for patients with conditions including AIDS, cancer and epilepsy....
  • Investment & Finance Thread Freepathon Special

    10/11/2014 8:49:26 PM PDT · by expat_panama · 113 replies
    Weekly investment & finance thread ^ | Oct. 11, 2014 | Freeper Investors
    Money.  Investing.  Freerepublic.  Here are the top 10 reasons that us FR investors want to participate in the current FReepathon: 10.   Gold, silver, stock indexes, and bond values are all cr@pping out these days anyway... 9.    The FReerepublic is a proven and solid force for (among other things) sound national fiscal policy; we need that force stronger now more than ever. 8     We benefit from these threads personally.   Equity as a legal doctrine thus requires our compensatory donations. 7.    Economic realism: there's no free lunch. 6.    Market realism: you get what you pay for. 5.    Donations are necessary for continued maintenance/loss reduction of desired FR...
  • Scrap the Climate Change Act to keep the lights on, says Owen Paterson (UK)

    10/11/2014 7:50:11 PM PDT · by tcrlaf · 7 replies
    UK Telegraph ^ | 11-10-2014 | Christopher Hope
    Britain will struggle to “keep the lights on” unless the Government changes its green energy policies, the former environment secretary will warn this week. Owen Paterson will say that the Government’s plan to slash carbon emissions and rely more heavily on wind farms and other renewable energy sources is fatally flawed. He will argue that the 2008 Climate Change Act, which ties Britain into stringent targets to reduce the use of fossil fuels, should be suspended until other countries agree to take similar measures. If they refuse, the legislation should be scrapped altogether, he will say. The speech will be...
  • The World Economy Is In Trouble

    10/11/2014 10:49:43 AM PDT · by blam · 20 replies
    BI - The Economist ^ | 10-11-2014 | The Economist
    October 11, 2014 The Economist For the American and British economies it has been a long road out of the woods, but the journey is nearing its end. America's unemployment rate fell below 6% in September. Britain's economy, where output was up 3.2% in the year to June, is growing faster than any other big rich country's. Central bankers are counting the days until they can raise interest rates. Virtually everywhere else, however, the news is grim and getting grimmer. The euro zone, the world's second-biggest economic area, seems to be falling from a feeble recovery back into outright recession...