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Keyword: economy

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  • U.S. Manufacturing Capacity Increases for 16th Month in a Row

    12/08/2018 5:36:27 PM PST · by familyop · 26 replies
    The Wall Street Journal ^ | October 16, 2018 | Sarah Chaney
    WASHINGTON—U.S. manufacturers increased their capacity for the 16th straight month in September, fresh evidence that a strengthening economy is helping to propel a U.S. industrial rebound. The Trump Administration has prioritized increasing manufacturing investment in the U.S. with tax cuts and tariffs on a range of imported goods.
  • Big Government Overregulation Threatens Small Business Lifeblood of the Economy

    12/08/2018 12:49:35 PM PST · by Kaslin · 10 replies
    Townhall.com ^ | December 8, 2018 | Peter Ferrera
    Dodd-Frank overregulation caused increased concentration in banking, squeezing out smaller banks in favor of bigger banks that could more easily absorb increasing regulatory costs. That naturally restricted credit to smaller businesses that were more regularly served by smaller, more regional banks, more likely to have developed relations with small local businesses. But in typical abundance of centralized bureaucrat overcaution, Dodd Frank over regulation also clamped down more harshly on small business lending as inherently more risky. More risky it is. But small business is also the lifeblood of the economy, as small business has long generated most new jobs in...
  • Trump advisers fear 2020 nightmare: A recession (Media daydream)

    12/07/2018 2:58:31 PM PST · by 2ndDivisionVet · 30 replies
    The Politico ^ | December 7, 2018
    President Donald Trump’s economic officials are reassuring investors about recent white-knuckle stock market volatility, while Trump’s political advisers are increasingly alarmed that the economy could present a stiff 2020 campaign headwind. Many of Trump’s political allies acknowledge that his reelection prospects hinge in large part on how Americans judge their economic prospects at the time of the next election. And many independent analysts say that recent market turbulence is a warning sign that the U.S. economy will likely slow and maybe even tip into recession by 2020. At the moment, that scenario could be the biggest threat to Trump’s chances...
  • Is the Deep State trying to tank the China trade deal, stock market, and economy before 2020?

    12/07/2018 6:38:44 AM PST · by SeekAndFind · 22 replies
    American Thinker ^ | 12/07/2018 | Thomas Lifson
    The stock market plunged Tuesday, and with futures trading down heavily before the market opens shortly, it looks as though the market will have erased all of the gains in 2018 when trading resumes.  The development that seems to have triggered this rebuke to President Trump's boasts about the stock market was an unprecedented event: the arrest in Canada of the chief financial officer (and daughter of the founder) of Chinese electronics giant Huawei, on a warrant from the U.S. over alleged violations of the Iran embargo. David P. Goldman (also known as Spengler), writing in Asia Times, writes of the suspicions that trouble...
  • Trump Throws Hail Mary Tweet on Eve of OPEC Meeting

    12/06/2018 8:20:24 AM PST · by con-surf-ative · 42 replies
    Oilprice.com ^ | December 6, 2018 | Julianne Geiger
    US President Donald Trump fired another shot across OPEC’s bow on Wednesday, a day before the oil cartel is set to meet in Vienna to discuss possible production cuts. “The World does not want to see, or need, higher oil prices!” the Tweet read, in part.
  • Stock Market Selloff Starting Early [Now.]

    12/06/2018 7:11:45 AM PST · by familyop · 57 replies
    Various sources. | December 6, 2018 | familyop
    The Dow is thrashing around 500 down (~ minus 500) at the time of this writing. Reutershttps://www.reuters.com/markets/stocks Or Bloomberg, if you prefer. No content allowed from Bloomberg allowed here except title and/or link. Here's the link. https://www.bloomberg.com/markets/stocks Any speculation in regards to any honest causes? The economy has been getting better so far.
  • Stock futures higher after China affirms 90-day trade truce deadline

    12/05/2018 9:15:37 AM PST · by SoFloFreeper · 12 replies
    Fox Business ^ | 12/5/18
    U.S. equity futures rose Wednesday after Beijing acknowledged the 90-day deadline set by President Trump and Chinese President Xi Jinping to find a solution to the two nations' trade dispute.... ....gains come after the Dow Jones Industrial Average plummeted 799 points Tuesday in a massive equity rout that stemmed from worries...
  • Investors Are Staring At The Bleakest Future Since The Great Depression....(John Hussman)

    12/02/2018 12:13:44 PM PST · by blam · 63 replies
    Business Insider ^ | 12-2-2018
    * John Hussman — the outspoken investor and former professor who's been predicting a stock crash — says traditionally diversified portfolios are set to offer their worst returns since the Great Depression over the next 12 years.* Hussman explains why he sees a US stock market drop of more than 60% coming, and breaks down why the Federal Reserve's past actions have created the situation. There's never been a worse time to be a conventional portfolio manager. Well, maybe back in the deepest, darkest throes of the Great Depression that crushed the US economy way back in 1929. But not...
  • U.S. third-quarter growth unrevised; headwinds increasing

    11/28/2018 10:45:00 AM PST · by Oldeconomybuyer · 14 replies
    Reuters ^ | November 28, 2018 | by Lucia Mutikani (D-Reuters)
    WASHINGTON - The U.S. economy slowed in the third quarter as previously reported, but the pace was likely strong enough to keep growth on track to hit the Trump administration’s 3 percent target this year, even as momentum appears to have moderated further early in the fourth quarter. Gross domestic product increased at a 3.5 percent annualized rate, the Commerce Department said on Wednesday in its second estimate of third-quarter GDP growth. That was unchanged from its estimate in October and well above the economy’s growth potential, which economists estimate to be about 2 percent. The unrevised third-quarter GDP reading...
  • U.S. Army Corps of Engineers Authorizes Construction of Second Large Lock at Great Lakes’ Soo Locks

    11/27/2018 10:14:48 AM PST · by Oatka · 29 replies
    gCaptain ^ | 11/26/2018 | Mike Schuler
    Aerial picture of the Soo Locks and International Bridge at Sault Ste. Marie, Michigan. Photo Credit: Creative Commons The U.S. Army Corps of Engineers is proceeding with plans to build a new Soo Lock at Sault Ste. Marie, Michigan more than three decades after a new lock was first authorized. The construction of a second Poe-size lock large enough to accommodate the largest ships servicing the Great Lakes region is one of the largest Great Lakes infrastructure projects in a generation. The green-lighting of the project came last week in the form of an announcement that the Corps has formally...
  • The Climate Won’t Crash the Economy (worst-case scenario is 0.05% lower annual growth)

    11/27/2018 2:35:10 AM PST · by reaganaut1 · 15 replies
    Wall Street Journal ^ | November 26, 2018 | Steven Koonin
    Headlines warned of economic doom after the U.S. government released its fourth National Climate Assessment last week. Yet a close reading of the report shows that the overall economic impact of human-caused climate change is expected to be quite small. Projecting human-caused changes in the global climate is a major scientific challenge; estimates of the temperature increases due to rising greenhouse-gas concentrations are uncertain by a factor of three. Trying to make projections for a particular region—such as the contiguous U.S., which comprises only 1.6% of the globe’s surface—compounds the uncertainty. Estimates of the economic impact are less certain still,...
  • GM is laying off thousands of workers, closing three plants, and ending production of the Chevy Volt

    11/26/2018 9:07:04 AM PST · by tcrlaf · 172 replies
    Verge ^ | 11-26-2018 | Andrew Hawkins
    Amid flagging sales, General Motors confirmed on Monday that it will no longer make the plug-in hybrid Chevy Volt, ceasing production on March 1st, 2019. The news comes as part of a wider plan by GM to slash car production in North America and halt production of several low-selling brands. Trading on GM shares was briefly halted on the stock exchange early on Monday in anticipation of “major operational changes,” according to CNBC. GM plans to “unallocate” three assembly plants — in Oshawa, Ontario; Detroit, Michigan; and Warren, Ohio — putting the future of those plants in doubt, Reuters reports....
  • Trump Kicked the Sluggish Economy Into High Gear

    11/26/2018 6:08:45 AM PST · by reaganaut1 · 33 replies
    Wall Street Journal ^ | November 25, 2018 | Andy Puzder
    Federal Reserve Chairman Jerome Powell said last month that the U.S. is experiencing “a remarkably positive set of economic circumstances.” The superb numbers speak for themselves, but who gets the credit? For eight years under President Obama, the growing burden of government suppressed the economic recovery that should have followed the recession of 2008-09. Mr. Obama nonetheless has claimed responsibility for today’s boom, asking Americans in September to “remember when this recovery started.” Yet it wasn’t until President Trump took office that the economy surged. His administration’s pro-business policies—cutting taxes, slashing regulations and encouraging energy production—released the pent-up dynamism of...
  • Tom Steyer: ‘No Question That This President’ Has ‘Met the Grounds for Impeachment’

    11/25/2018 4:40:22 PM PST · by familyop · 86 replies
    Breitbart News ^ | November 25, 2018 | Pam Key
    Sunday on NBC's "Meet the Press," billionaire hedge fund manager and liberal activist Tom Steyer...STEYER: Is there anybody in the United States who can tell you that the president is acting on Saudi Arabia not because the Saudis are paying him money?
  • National View: Trump's tariffs working, creating factory and manufacturing jobs

    11/19/2018 5:08:24 PM PST · by 2ndDivisionVet · 6 replies
    The Duluth News Tribune ^ | November 19, 2018 | Jeff Ferry
    An interesting thing is happening right now in America's industrial heartland. Manufacturers are adding new workers at a brisk pace. And it's happening right in front of the very pundits and free-trade economists who predicted economic catastrophe over the past year. Simply put, President Donald Trump's tariffs are working. U.S. manufacturing employment has now shown year-on-year growth of more than 250,000 employees for six consecutive months. That's the largest and most sustained manufacturing job growth since 1998. In fact, the U.S. added 32,000 manufacturing jobs in October alone, for a total of 296,000 new factory jobs since October 2017. Overall,...
  • Moscow on the Mississippi

    11/18/2018 7:30:24 AM PST · by Kaslin · 27 replies
    Townhall.com ^ | November 18, 2018 | Gil Gutknecht
    Looking out the window on icy snow this cold, gray mid-November morning, it is hard not to make the comparison. Minneapolis is looking more and more like Moscow on the Mississippi. Predictions by global warming enthusiasts not withstanding, the weather is not the only similarity. A grayness hovers over Minnesota like a fog. It is a heaviness. It feels oppressive. The gray funk resulting from the reality that the Left has strengthened its grip on this state and its government. The Governor-elect wasted little time announcing that we should brace for the jolt of a hefty tax increase on gasoline....
  • After the Retail Apocalypse, Prepare for the Property Tax Meltdown

    11/16/2018 4:48:13 PM PST · by Zhang Fei · 12 replies
    CityLab ^ | Nov 14, 2018 | Laura Bliss
    WEST BEND, WI—Kraig Sadownikow doesn’t look like an anti-corporate crusader. The mayor of West Bend, Wisconsin, stickers his pickup with a “Don’t Tread on Me” snake on the back window, a GOP elephant on the hitch, and the stars-and-stripes logo of his construction company across the bumper. His fiscal conservatism is equally well billboarded: In the two hours we spent at City Hall and cruising West Bend in his plush truck, Sadownikow twice mentioned the 6 percent he has shaved off the Wisconsin city’s operating budget since becoming mayor in 2011, and stressed its efforts to bring more business to...
  • The ‘Trade Surrender Lobby’ in Trump Administration Pushes for ‘Truce’ with China

    11/16/2018 7:11:25 PM PST · by familyop · 9 replies
    Breitbart News ^ | November 15, 2018 | John Carney
    Efforts to get the Trump administration to soften its stance on China have intensified in recent weeks. Both outside informal advisers to the president as well as high-ranking government officials have participated in a coordinated push to get President Donald Trump to back off his threat to raise tariffs on Chinese goods from ten percent to 25 percent in the new year, according to a person briefed on the matter.
  • Output Soars Even at U.S. Manufacturers That Make Stuff from Tariffed Steel and Aluminum

    11/16/2018 11:38:01 AM PST · by MaxistheBest · 25 replies
    Brietbart ^ | 11/16/2018 | John Carney
    Tariffs on steel and aluminum are not slowing down most American manufacturers that use the metals in production, defying forecasts that the higher duties would hit metals-using businesses hard. There have been many anecdotal reports of strains put on metals using business from the tariffs but the data do not support the idea that these are significant in aggregate. If anything, the tariffs have been accompanied by rising output and rising demand for productive capacity. Fabricated metals products output rose 0.2 percent in October, the third consecutive monthly gain, according to data released by the Federal Reserve Friday. For the...
  • Ocasio-Cortez's rise reveals rampant economic illiteracy in US

    11/15/2018 8:17:59 PM PST · by bitt · 87 replies
    The Hill ^ | 11/14/2018 | Anne Rathbone Bradley
    Rep.-elect Alexandria Ocasio-Cortez (D-N.Y.), made headlines when she revealed that she wouldn’t be able to afford Washington, D.C. rent until her government salary kicks in. The lack of affordable housing in Washington is no joke, but the predicament also speaks to the young lawmaker’s financial literacy — or lack thereof. The 29-year-old didn’t think to consider something as basic as the relocation expenses of a new job opportunity. If she doesn’t know how much an apartment costs, how much confidence should taxpayers have in her ability to effectively deliver trillions of dollars in campaign promises? Ocasio-Cortez has proposed free "Medicare...