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Keyword: economy

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  • Obama Talks Income Inequality At $33k-per-Ticket Fundraiser

    02/12/2016 1:33:44 PM PST · by Iron Munro · 21 replies
    Townhall ^ | Feb 12, 2016 | Matt Vespa
    Last night, President Obama held a fundraiser in the San Francisco Bay area, where he told presumably wealthy donors to be concerned about inequality and the wave of populism that's sweeping the nation. Oh, and did I forget to mention that one ticket to this event cost $33,400 (via the Hill): Obama has previously expressed surprise by the enthusiasm generated by Trump and Sanders. But he urged donors attending the $33,400-per-ticket fundraiser to understand that populist candidates in both parties are tapping into something real. "Despite all the progress we've made ... what is true is that people are anxious,”...
  • ‘Blames World’ "...the Fed is the author of its own failures..."

    02/12/2016 4:24:59 AM PST · by expat_panama · 11 replies
    New York Sun ^ | February 11, 2016 | Editorial of The New York Sun
    If Ben Bernanke's epitaph is going to be "We could raise interest in 11 minutes if we have to," what will be written on his successor's tombstone? How about "Blames World." That is the headline up today on the Drudge Report. It links to a dispatch of the Agence France Press on Janet Yellen's growing concerns over a worsening financial situation less than two months after she raised interest rates as a sign of confidence in the improving economy. What an opportunity for Senator Ted Cruz... The story, pegged to Mrs. Yellen's semi-annual testimony yesterday to the House Financial Services...
  • Asia markets extend rout as Nikkei plunges 5.3% [Japan]

    02/11/2016 7:39:00 PM PST · by TigerLikesRooster · 42 replies
    CNBC ^ | 2016/02/12 | Saheli Roy Choudhury
    Asia markets extend rout as Nikkei plunges 5.3% Saheli Roy Choudhury | @sahelirc Markets in Asia dropped sharply on Friday, with the Nikkei tumbling, after a sell-off on Wall Street as oil remained volatile and concerns about how central banks' easing measures will affect banks' earnings persisted. "The idea that central banks are now fully targeting the interest rate structure and putting a gun to domestic banks heads in a fight to stoke credit growth is in no way an equity friendly story," wrote Chris Weston, chief market strategist at spreadbetter IG, in a morning note. The Bank of Japan...
  • The War on Cash is About to Go into Hyperdrive

    02/11/2016 1:04:34 PM PST · by SkyPilot · 66 replies
    Zerohedge ^ | 11 Feb 16 | Phoenix Capital Research
    The global Central Banks have declared War on Cash. Historically, one of the safest things to do when the markets begin to collapse is to move a significant portion of your holdings to cash. As the old adage says, during times of deflation, "cash is king." The notion here is that cash is a safe haven. And while earning 1-2% in interest doesn't do much in terms of growing your wealth, it sure beats losing 20%+ by holding on to stocks or bonds during their respective bear markets However, in today's world of fiat-based Central Planning, cash represents a REAL...
  • Poli-sci: 101 The Real political spectrum

    02/11/2016 12:02:09 PM PST · by Torcert · 39 replies
    This is a short dissertation on the Real political spectrum, Each step of the way will be confirmed by the dictionary definitions of the various political ideologies and how they relate to the spectrum. In order to properly set it out in a logical manner we need to base it on the metric of governmental power since this should be the clearest method of distinguishing where the ideologies fall on the spectrum. 1. Government Control scale. For the sake of simplicity we will use a scale of %0 to %100 with zero for no governmental control and ranging up to...
  • Humanity At A Crossroads: Deliberately Created Systemic Risk Coming Apart

    02/11/2016 11:35:42 AM PST · by IDontLikeToPayTaxes · 12 replies
    youtube.com ^ | 11 Feb 2016 | Gregory Mannarino
    I've been watching this guy for a few years. He's a market analyst type that does a lot of commentary about the direction of the stock market and the economy in general. He's one of the few guys whose opinion I trust. He's been doing financial commentary for years and is also a medical doctor. Quite a resume! Anyway, enjoy! Here is the link: Today's market analysis: Humanity at a Crossroads
  • Yellen on negative rates: 'We wouldn't take those off the table' (Recession & pay fee to save money)

    02/11/2016 9:40:48 AM PST · by xzins · 111 replies
    CNBC ^ | 11 Feb 16 | Jeff Cox
    As recession fears mount in the U.S., Fed Chair Janet Yellen conceded there's a "chance" of a downturn ahead. Asked by Republican Sen. Bob Corker whether the monetary policy-making Federal Open Market Committee would consider going to negative interest rates, which would entail charging banks to store reserves at the Fed, Yellen left the door open. She repeated a statement she said Wednesday that the Fed had considered negative rates in 2010 but decided that wouldn't be the best course at that time. "We wouldn't take those off the table, but we have work to do to judge whether they...
  • PROGRESSIVE “THOUGHT-BLOCKERS”: INCOME INEQUALITY

    02/11/2016 8:41:53 AM PST · by Beave Meister · 4 replies
    Front Page Mag ^ | 2/10/2016 | Bruce Thornton
    An ideological construct that exploits envy and resentment for political advantage. Throughout this primary season, Hillary Clinton and self-proclaimed socialist Bernie Sanders have both been flogging the “crisis” of “income inequality,” which is “at the center of their campaigns,” according to CNN. Both have scourged the “greed” of the “1%,” called for higher taxes on the “rich,” and promised to expand and multiply government programs to rectify this injustice. Yet like other slogans progressives rely on, the idea of “income inequality” is an ideological construct, a statistical artifact that exploits envy and resentment for political advantage. The first problem with...
  • Global Markets Are Selling Off

    02/11/2016 6:17:20 AM PST · by blam · 40 replies
    BI ^ | 2-11-2016 | Akin Oyedele
    Akin OyedeleFeburary 11, 2016Here we go again. Major global stock markets were sharply lower on Thursday, with US futures also deep in the red ahead of the market open. Near 8:56 a.m. ET, Dow futures were down about 250 points (1.6%), S&P 500 futures were down 29 points (1.6%), and Nasdaq futures were down 60 points (1.5%). Investors were piling into gold for safety, with futures up 3%, or a whopping $36.30 an ounce to as high as $1,231.50, the strongest in a year. US Treasurys — another safe-haven asset — were also getting a huge bid, pushing the yield...
  • Why Gold Has Been on a Tear in 2016 [UP 15% SINCE JAN. 1]

    02/11/2016 2:18:03 AM PST · by expat_panama · 44 replies
    Fortune ^ | February 9, 2016 | Aaron Task
    The stock market is having a horrible time so far in 2016, with the S&P 500 down more than 9%. Gold, on the other hand, is up nearly 10% year-to-date and hit a four-month high of just under $1200 per ounce on Monday before dipping 0.7% Tuesday to $1189.30. It's a bit of a cliche to say that people turn to gold in times of uncertainty: Sometimes that works, sometimes it doesn't. Gold did phenomenally well from 2000-2011 but really suffered after hitting nearly $2000 per ounce in 2011. From 2011 to 2015, the yellow metal pretty much fell in...
  • Economic Libertarians Will Have a Friend in Ted Cruz

    02/11/2016 12:52:53 AM PST · by Cincinatus' Wife · 66 replies
    American Thinker ^ | February 11, 2016 | Theodore A. Gebhard, ...worked with Senator Cruz at the FTC from mid-2001 to 2003
    "..economic libertarians and others who place a high value on property rights, the right to earn a living, and the right to open a business will find no better friend than Texas senator Ted Cruz...his work at the FTC established a foundation on which the cause of economic liberty progresses still today.Leading a team of senior FTC lawyers, Cruz...relentlessly [fought] against state laws conferring privilege on politically and economically powerful interest groups.Many of these laws do little more than protect entrenched incumbents from small entrepreneurs seeking to open a business and earn a living. Cruz and his team vigorously opposed...
  • Something Very Disturbing Spotted In A Morgan Stanley Presentation

    One of the most surprising comments this year came from a closed session on fintech where I sat next to someone in policy circles who argued that we should move quickly to a cashless economy so that we could introduce negative rates well below 1% – as they were concerned that Larry Summers' secular stagnation was indeed playing out and we would be stuck with negative rates for a decade in Europe. They felt below (1.5)% depositors would start to hoard notes, leading to yet further complexities for monetary policy.
  • How Fears About Recession Could Become A Self-Fulfilling Prophecy

    02/10/2016 2:39:04 PM PST · by blam · 15 replies
    BI ^ | 2-10-2016 | Bob Bryan
    Bob BryanFeburary 10,2016The "r-word" — recession — has creeped back into the economic conversation in the US. And though weakness in manufacturing persists and the stock market has been rocky, the argument against a recession in the US is simple: the US consumer is fine. But what if they aren't? According to Scott Brown, chief economist at Raymond James, there is a worry that a faltering stock market and a slower labor market could damage the psyche of consumers. And without consumer spending rolling — which accounts for around two-thirds of GDP — the economy faces the risk of contraction....
  • $100 Trillion Up in Smoke

    02/07/2016 7:52:26 AM PST · by Lorianne · 22 replies
    Mauldin Economics ^ | 06 February 2016 | John Mauldin
    If energy powers the world, then whoever owns that energy must have power over the world. That’s certainly been the case for the last century or two. Ownership of our primary energy source, crude oil, is what made billionaires of John D. Rockefeller, H.L. Hunt, and assorted Middle Eastern kings, emirs, and sheikhs. Oil in the ground is wealth only on paper – you may own that oil, but it earns you nothing until you recover and sell it. Yet paper wealth is still wealth. It goes on your balance sheet as an asset that you can sell. You can...
  • Portfolio Moves As U.S. Recession Signals Intensify

    02/06/2016 6:13:48 AM PST · by Red in Blue PA · 18 replies
    Signs of recession are intensifying. The global economy is near or in recession, and we’re seeing that pressure begin to appear here in the U.S. It’s important to be on “recession watch” because the stock market suffers significant declines during recessions. However, you can position your portfolio to mitigate downside risk when recession signals are flashing. A few of quick facts: 1.Recessions tend to occur one to two times each decade. 2.The last U.S. recession was in 2008, seven years ago. 3.Economies naturally cycle between growth and recession. 4.The stock market declines more than 40 percent on average during recessions....
  • White House forecasts fastest economic growth in decade...? Where-Washington D.C.?

    02/09/2016 8:36:20 AM PST · by AngelesCrestHighway · 17 replies
    MarketWatch ^ | 02/09/16 | Greg Robb
    The White House expects the domestic economy to be able to power through the headwinds including a stronger dollar, weaker oil and financial turmoil. According to assumptions in the budget released Tuesday, the White House sees growth of 2.6% this year and in 2017, the best back-to-back years since 2005 and 2006. The U.S. economy grew 2.4% in 2015. In presenting his final budget, President Barack Obama sounded like he was in no mood for second-guessing. “Our economy is the strongest, most durable on Earth,” he said in the introduction. The White House forecast is not far away from consensus...
  • Socialist Sweep New Hampshire [SANDERS AND TRUMP]

    02/10/2016 2:33:49 AM PST · by expat_panama · 168 replies
    American Thinker ^ | February 10, 2016 | C. Edmund Wright
    Shortly after Barack Obama swept into the White House while giving Nancy Pelosi and Harry Reid a coattail Marxist Congress, Newsweek Magazine ran the cover "We're all Socialists now,"... ...it took until last night before it was literally true, as New Hampshire gave a full-throated socialist a rout over semi-socialist Hillary Clinton on the Democrat side and the once and now apparently again socialist Donald Trump won... ...In case you missed the final score, it was Bernie by about 18 over Hillary and Trump by about 18 over John Kasich. Yes, John Kasich. ... ...Trump has flirted with socialist talking...
  • Why the Nasdaq is on the verge of a bear market

    02/09/2016 11:25:53 PM PST · by Citizen Zed · 7 replies
    cnn money ^ | 2-9-2016 | Matt Egan
    Former high-flying tech stocks Amazon, Netflix and Tesla are crashing back to earth. All three popular stocks are down at least 23% so far this year, and a host of other tech stocks have fared far worse. Their downfall is part of the broader plunge for the tech-heavy Nasdaq. The index is down 14% this year, almost twice as much as the Dow. "It's a risk-off environment -- when the focus is on hopes and dreams, it's very easy to invest in tech companies that don't have current earnings. But when the environment changes, they get hurt," said David Kelly,...
  • Why So Many Historians Agree With Ted Cruz On Gold

    02/09/2016 11:40:04 AM PST · by GodGunsGuts · 81 replies
    Forbes ^ | February 9, 2016 | Nathan Lewis
    Echoing the recent sentiments of Steve Forbes, this week Republican presidential contender Ted Cruz told a group in New Hampshire: "Money is ... a unit of measurement. So, the reason why we see these rapid oscillations in commodities markets, it's because of unstable currencies. And it's why I think we should look at going toward rules-based money supply, ideally tied to gold, so you have stability." Perhaps this will trigger another flood of disagreement in the mainstream press, such as the recent New York Times item which reported that 40 out of 40 "leading economists" said that a gold standard...
  • Throwing The Flag On Obama For Excessive Celebration After Jobs Report

    02/09/2016 4:44:02 AM PST · by expat_panama · 21 replies
    Investors Business Daily ^ | February 8, 2016 | Editorial
    Economy: After another mediocre jobs report showing gains barely keeping up with natural labor force growth, Barack Obama rushed to the TV cameras and spiked the football in the end zone. But if there had been referees, he would have been penalized for excessive celebration. What exactly was the president celebrating? A GDP that grew by 0.8% in the fourth quarter and still has anemic labor-force participation among those in their prime earning years? A stock market off to one of its worst starts ever, with the S&P 500 already down 10% and the Nasdaq off 15%? A real unemployment...
  • Low gas prices signal economic downturn elsewhere

    02/08/2016 10:41:41 PM PST · by george76 · 64 replies
    WLS-TV ^ | February 08, 2016 | Laura Thoren
    Gas prices in Chicago are still falling, but the price at the pump is having a negative impact on the economy. ... as the cost to fill up your tank goes down, could this also be a sign -- the economy is tanking? Commodities trader Scott Shellady thinks so. "It's bad for everybody. We are going to lose one-fifth of the jobs we created in 2008," said Shellady. And he doesn't expect a market rebound anytime soon. So if you were hoping to cash in your 401K or IRA and retire in the next year, Shellady says, rethink your plans....
  • Day Of Reckoning: The Collapse Of The Too Big To Fail Banks In Europe Is Here

    02/08/2016 6:01:55 PM PST · by SkyPilot · 111 replies
    Economic Collapse ^ | 8 Feb 16 | Michael Snyder
    There is so much chaos going on that I don't even know where to start. For a very long time I have been warning my readers that a major banking collapse was coming to Europe, and now it is finally unfolding. Let's start with Deutsche Bank. The stock of the most important bank in the "strongest economy in Europe" plunged another 8 percent on Monday, and it is now hovering just above the all-time record low that was set during the last financial crisis. Overall, the stock price is now down a staggering 36 percent since 2016 began, and...
  • The Enduring Solidarity of Whiteness

    02/08/2016 4:08:01 PM PST · by 2ndDivisionVet · 63 replies
    The Atlantic ^ | February 8, 2016 | Ta-Nehisi Coates
    Black poverty is fundamentally distinct from white poverty--and so cannot be addressed without grappling with racism. There have been a number of useful entries in the weeks since Senator Bernie Sanders declared himself against reparations. Perhaps the most clarifying comes from Cedric Johnson in a piece entitled, "An Open Letter To Ta-Nehisi Coates And The Liberals Who Love Him." Johnson's essay offers those of us interested in the problem of white supremacy and the question of economic class the chance to tease out how, and where, these two problems intersect. In Johnson's rendition, racism, in and of itself, holds limited...
  • Texans For Fiscal Responsibility Endorses Ted Cruz

    02/08/2016 10:27:21 AM PST · by GodGunsGuts · 6 replies
    Breitbart ^ | February 8,1016 | MICHELLE FIELDS
    Texans for Fiscal Responsibility announced in a video and statement Monday its endorsement of Republican presidential candidate Sen. Ted Cruz (R-TX) cr 97%. "Ted Cruz is a principled, commonsense conservative who has done in Washington precisely what he said he was going to do," said Michael Quinn Sullivan, the president of TFR, in a video. "Ted Cruz has taken on the Washington establishment cartel of Democrats and liberal Republicans, unabashedly defending our constitutional liberties by promoting the principles of liberty." ...
  • Under Sanders, income and jobs would soar, economist says (not satire)

    02/08/2016 9:03:04 AM PST · by Signalman · 100 replies
    cnnmoney ^ | 2/8/2106 | Tami Luhby
    Median income would soar by more than $22,000. Nearly 26 million jobs would be created. The unemployment rate would fall to 3.8%. Those are just a few of the things that would happen if Bernie Sanders became president and his ambitious economic program were put into effect, according to an analysis given exclusively to CNNMoney. The first comprehensive look at the impact of all of Sanders' spending and tax proposals on the economy was done by Gerald Friedman, a University of Massachusetts Amherst economics professor. Friedman found that if Sanders became president -- and was able to push his plan...
  • Steve Forbes on Donald Trump and His 'Hoo-Ha'

    02/08/2016 4:30:07 AM PST · by Cincinatus' Wife · 77 replies
    The Street ^ | December 20, 2015 | Jeremy Greenfield
    Steve Forbes ran for president twice -- in 1996 and 2000 -- spending a reported $69 million of his own money in failed bids to win the Republican nomination. His campaigns mostly focused on establishing a flat income tax and other similar economic reforms. The multi-millionaire chairman and editor-in-chief of Forbes Media isn't running for president this time around, but he does have a new book out this week (Reviving America), promoting three big reforms he believes America should adopt: repeal and replace Obamacare with something akin to a free-market health-care system; scrapping the Federal income tax code in favor...
  • Donald Trump: Here's the one area where Bernie Sanders and I agree [WITH CHINA ON TPP]

    02/08/2016 2:50:05 AM PST · by expat_panama · 76 replies
    Business Insider ^ | February 8, 2016 | Maxwell Tani
    Donald Trump said Sunday that there's one issue on which he and Sen. Bernie Sanders (I-Vermont) agree: trade. In a CNN interview Sunday, Trump pointed out that he and Sanders both opposed the Trans-Pacific Partnership, the multinational trade agreement brokered by the Obama administration. The deal aims to reduce tariffs and put legal standards in place in the 12 participating countries. "The one thing we very much agree on is trade. We both agree that we are getting ripped off by China, by Japan, by Mexico, everyone we do business with," Trump said. But though the mogul suggested that he...
  • Dot-Com Bubble 2.0 Is Bursting: Tech Stocks Are Already Down Half A Trillion Dollars Since Mid-2015

    02/07/2016 8:06:36 PM PST · by SeekAndFind · 11 replies
    TEC ^ | 02/07/2016 | Michael Snyder
    Do you remember how much stocks went down when the first dot-com bubble burst? Well, it is happening again, and tech stocks are already down more than half a trillion dollars since the middle of 2015. On Friday, the tech-heavy Nasdaq dropped to its lowest level in more than 15 months, and it has now fallen more than 16 percent from the peak of the market. But of course some of the biggest names have fallen much more than that. Netflix is down 37 percent, Yahoo is down 39 percent, LinkedIn is down 60 percent, and Twitter is down more...
  • How Ted Cruz Could Deliver the Coup de Grace to Donald Trump

    02/07/2016 1:49:19 PM PST · by Cincinatus' Wife · 160 replies
    Intellectual Conservative ^ | February 7, 2015 | Ralph Benko
    Presidential elections are about, above all, just two things: our security and our prosperity. Promises of prosperity have all but faded into the background... except by Donald Trump. In the last debate in which he participated Donald Trump hit the voters' target bull's eye in stating "I want to use that same up here, whatever it may be, to make America rich again." None of the other candidates came close to featuring The Message we voters wish to hear. Prosperity. If the other candidates - most notably #2 Ted Cruz - wished to gain the voters' hearts, or at least...
  • Healthy Economic Growth Is Our Missing Ingredient

    02/07/2016 7:24:20 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 7, 2016 | Steve Chapman
    This year's Republican presidential race has generated an unusual number of unusually bad ideas -- Donald Trump on Muslims, Ted Cruz on carpet bombing, Marco Rubio on male footwear. It has also has produced one of the best: Jeb Bush's 4 percent plan. No, that wasn't his desired share of the vote in the Iowa caucus, where he got less than 3 percent. It's his goal for annual economic growth, which he argues would "restore the opportunity for every American to rise and achieve earned success." When Bush said last June, "There is not a reason in the world why...
  • Who Has the Best Tax Plan? - What gives Ted Cruz the edge

    02/07/2016 1:57:15 AM PST · by Cincinatus' Wife · 36 replies
    The American Spectator ^ | February 4, 2015 | Stephen Moore, economic consultant at Freedom Works and a Fox News contributor
    [snip]First, the Cruz plan would give America the lowest tax rates since the income tax was devised 100 years ago. For this reason, these plan are estimated by the Tax Foundation to grow the economy by a gigantic $2 trillion extra GDP per year after 10 years. That's exactly the opposite effect of the Hillary and Bernie show plans.Second, Cruz's plan eliminates almost all deductions and credits-which is how they get the rate so low. The IRS could be dramatically shrunk in size. Don't forget, when there are fewer deductions,there are fewer ways to cheat on your taxes. The lower...
  • Hillary Clinton Says Banning Fossil Fuel Extraction on Public Lands a 'Done Deal'

    02/06/2016 10:18:17 PM PST · by Cincinatus' Wife · 41 replies
    Washington Free Beacon ^ | February 6, 2015 | Ali Meyer
    Hillary Clinton said that banning fossil fuel extraction on public lands is a 'done deal,' the Hill reported. After Thursday night's Democratic debate in New Hampshire, an activist with the green group 350 Action asked Clinton whether she would support banning hydraulic fracturing if she were elected. While Clinton said the president doesn't have the authority to do that, she did say that supporting a ban on fossil fuel extraction on public lands was a done deal. "President Obama's Interior Department in January said it would halt new leases for coal mining on federal land while it figures out how...
  • Obama compares his work on the economy to his gym routine

    02/06/2016 2:54:59 PM PST · by MarvinStinson · 43 replies
    Washington Examiner ^ | 02/06/16 | Philip Klein
    President Obama on Friday compared his work to keep the U.S. economy churning to the extra effort he has to put into his physical workouts as he ages. We should feel good about the progress we've made, understanding that we have still got more work to do, Obama said Friday while speaking about news that unemployment in January dropped below 5 percent for the first time in eight years. It's sort of like … Im 54 now, so I have to work out harder to stay in shape, and, you know, if I'm feeling good in the gym, I want...
  • The 0.7 Percent "Solution"

    02/06/2016 9:15:33 AM PST · by Kaslin · 6 replies
    Townhall.com ^ | February 6, 2016 | Paul Driessen
    America's abysmal 0.7% economic growth during the fourth quarter of 2015 meant the annual growth rate was an anemic 2.4% … and average annual growth for the six-year Obama era a pathetic 2.2 percent.This is "dead last compared to six other recession recoveries since 1960," Heritage Foundation economist Stephen Moore points out. They averaged a robust 4.0% while the Reagan era recovery averaged a "sizzling" 4.8% over six years. That means the Obama recovery lost $1.8 trillion (in constant 2009 money) that would have been pumped into the economy under an average recovery, and$2.8 trillion under a Reagan-style rebound, Moore says, citing a congressional...
  • Interview with Kevin D. Freeman on Economic Warfare and Terroism

    02/06/2016 7:12:44 AM PST · by Randall_S · 6 replies
    USA Transnational Report ^ | February 6, 2016 | USA Transnational Report
    USA Transnational Report for February 6, 2016 Interview with Kevin D. Freeman begins at 25:30 - Kevin D. Freeman is a NY Times bestselling author and considered one of the world's leading experts on the issues of Economic Warfare and Financial Terrorism. His research has been presented in critical DoD studies and he has been asked to brief or present to the FBI, DIA, ONA, SEC, Naval War College, HASC, Naval Postgraduate School, DARPA, IARPA, and a host of government agencies tasked with protecting America. We discuss economic warfare, cyberattacks, Russia, China, Syrian hackers, market volatility, and yesterday's announcement that...
  • Debt, defaults, and devaluations: why this market crash is like nothing we've seen before

    02/06/2016 6:42:17 AM PST · by SkyPilot · 61 replies
    The Telegraph ^ | 6 Feb 16 | Mehreen Khan,
    A pernicious cycle of collapsing commodities, corporate defaults, and currency wars loom over the global economy. Can anything stop it from unravelling? A global recession is on the way. This truism of economics holds at any point in which the world is not in the grips of a contraction. The real question is always when and how deep the upcoming downturn will be. "The crash will come, but it would be nice if it came two years from now", Thomas Thygesen, head of economics at SEB told over 200 commodity investors and analysts in London last month. His audience was...
  • President Barack Obama takes victory lap on economy

    02/05/2016 4:06:07 PM PST · by artichokegrower · 64 replies
    President Barack Obama on Friday used a new jobs report to continue his victory lap on the economy - and jab at the Republicans vying for his job. In brief remarks to reporters at the White House, Obama declared the U.S. has "the strongest, most durable economy in the world." He pointed to signs of wage and income growth, job growth, lower oil prices and increasing numbers of Americans with health insurance as evidence of that claim.
  • USA Transnational Report - Guest Kevin D. Freeman TOMORROW (2/6) 8 AM EST

    02/05/2016 6:20:09 PM PST · by Randall_S · 1 replies
    USA Transnational Report ^ | February 6, 2016 | USA Transnational Report
    SPECIAL INTERVIEW WITH KEVIN FREEMAN! Saturday (2/6) 8 AM EST!!! Kevin Freeman is a NY Times bestselling author and considered one of the world's leading experts on the issues of Economic Warfare and Financial Terrorism. His research has been presented in critical DoD studies and he has been asked to brief or present to the FBI, DIA, ONA, SEC, Naval War College, HASC, Naval Postgraduate School, DARPA, IARPA, and a host of government agencies tasked with protecting America. Topics of Discussion: >What is economic terrorism? >Can foreign enemies manipulate our stock market? >Are they doing it today? >Election & Economic...
  • Economic Problems Facing the U.S.

    02/05/2016 1:01:34 PM PST · by HarleyLady27 · 11 replies
    Economy In Crisis ^ | Nov. 12, 2015 | Thomas Heffner
    The United States is facing economic disaster on a scale few nations have ever experienced. Most people are unaware of the easily observable signs of this crisis, where it came from and how to stop it. While we persist in our superpower mentality, we have quietly become a second-class country in many respects.
  • Gold Surges Back Into The Green After $1.2 Billion Morning Plunge

    02/05/2016 12:47:53 PM PST · by amorphous · 4 replies
    Zero Hedge ^ | 5 Feb 2016 | Tyler Durden
    After someone decided to dump $1.2 billion notional in gold futures this morning as the jobs data hit - sparking a $20 tumble in the precious metal - it appears stock sellers are greatly rotating to the safety of bullion (over bonds)...
  • Citi: World economy seems trapped in 'death spiral'

    02/05/2016 12:08:31 PM PST · by HarleyLady27 · 28 replies
    CNBC ^ | Feb. 5, 2016 | Katy Barnato
    The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned.
  • The $1 Trillion Elephant in the Room

    02/05/2016 11:32:27 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | February 5, 2016 | Gretchen Hamel
    In the midst of the election circus and pageantry, it seems once again fiscal policy issues have taken a backseat. This might not matter if the issue were not of dire importance to Americans and their futures. But on the heels of the new Budget and Economic Outlook released by the Congressional Budget Office (CBO) last week, it has become all too clear that the fiscal issues our country faces are very real and must be dealt with. Every year, this non partisan analysis of our projected debt and deficit published doesn't mince words- the deficit only continues to get...
  • Exclusive — 'It’s A Terrible Deal,' Donald Trump Says About Just-Signed Obamatrade

    02/05/2016 9:57:42 AM PST · by Syncro · 50 replies
    Breitbart/Big Government ^ | Feb 5. 2016 | Matthew Boyle
    Donald Trump, currently leading in New Hampshire polling ahead of this coming Tuesday's primaries, tells Breitbart News exclusively that the just-signed Trans Pacific Partnership (TPP) Pacific rim trade agreement is a "terrible deal." "It's like all deals that the United States makes under this president, it's a terrible deal," Trump said when asked to react to the news that President...Obama's U.S. Trade Representative just inked the deal officially in Auckland, New Zealand. It's going to allow countries to continue to take advantage of us and take our jobs, take our trade. It's bad for us. It'll allow China to come...
  • What jobs? BLS says 665,000 job LOSSES

    02/05/2016 9:41:02 AM PST · by Enlightened1 · 34 replies
    Washington Examiner ^ | 02/05/16 | Paul Bedard
    New Bureau of Labor Statistics shows that there were 665,000 jobs lost in January, a blunt finding that confuses the heralded report that 151,000 jobs were created in January in non-farm payrolls. But who got them? The very same BLS finds that jobs to "native born" and immigrant workers dropped. Ditto for men and women. It is possible that many employees took on a second job, according to analysts. But a difference of 816,000 is too big, one said. Same for the differences in the two surveys the BLS uses to gauge jobs, household data from the Current Population Survey,...
  • Citi: World economy trapped in ‘death spiral’

    02/05/2016 8:50:37 AM PST · by Enlightened1 · 39 replies
    CNBC ^ | 02/05/16 | Katy Barnato
    The global economy seems trapped in a "death spiral" that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned. Some analysts -- including those at Citi -- have turned bearish on the world economy this year, following an equity rout in January and weaker economic data out of China and the U.S. "The world appears to be trapped in a circular reference death spiral," Citi strategists led by Jonathan Stubbs said in a report on Thursday. "Stronger U.S. dollar, weaker oil/commodity prices, weaker world trade/petrodollar liquidity, weaker EM (and global...
  • The War On Savers And The 200 Rulers Of Global Finance

    02/05/2016 8:44:15 AM PST · by amorphous · 6 replies
    David Stockman's Contra Corner ^ | 4 Feb 2016 | David Stockman
    There has been an economic coup d'etat in America and most of the world. We are now ruled by about 200 unelected central bankers, monetary apparatchiks and their minions and megaphones on Wall Street and other financial centers. Unlike Senator Joseph McCarthy, I actually do have a list of their names. They need to be exposed, denounced, ridiculed, rebuked and removed. The first 30 includes Janet Yellen, William Dudley, the other governors of the Fed and its senior staff. The next 10 includes Jan Hatzius, chief economist of Goldman Sachs, and his counterparts at the other major Wall Street banking...
  • Unleashing the Global Competitiveness of the U.S. (US 51 OF 140 IN REGULATIONS]

    02/05/2016 4:15:23 AM PST · by expat_panama · 8 replies
    Real Clear Markets ^ | February 5, 2016 | Pinar Cebi Wilber
    Following the World Economic Forum's wrap up of its recent annual meeting in Davos, Switzerland, U.S. policymakers should return with strategies for strengthening America's economic growth and augmenting our global competitiveness. A pessimism for global economic growth was a pervasive mood among CEOs at Davos, and the U.S. can demonstrate leadership by adopting some critical policy prescriptions to accelerate growth. They should begin with lowering America's corporate tax rate - currently the highest among the OECD and BRIC countries at 39 percent (combined federal and state) - and reducing the excessive regulations that hamper innovation, stifle productivity, and exhaust capital...
  • World's Biggest Containership "Hard Aground" As Baltic Dry Crashes Below 300 For First Time Ever

    02/05/2016 1:04:48 AM PST · by blam · 54 replies
    Zero Hedge ^ | 2-5-2016 | Tyler Durden
    Tyler DurdenFebruary 5, 2016) Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever - at 298, this is almost 50% below the previous record low.Commodities obviously are saying something very different from "the market"...> And as Dana Lyons notes, of course much of the input into the BDI comes from the price of raw materials. Considering the deflationary spiral in...
  • Britain To Foreign Workers: If You Don't Make $50,000 A Year, Please Leave

    02/04/2016 10:10:57 AM PST · by Theoria · 14 replies
    NPR ^ | 03 Feb 2016 | Leila Fadel
    Britain's Prime Minister David Cameron promised back in 2010 to bring net migration down to 100,000 people a year. Six years later, it's more than three times that number. That's one reason the government's Home Office decided that non-Europeans on skilled worker visas -- known as Tier 2 visas -- are not welcome to stay unless they are making at least 35,000 British pounds (about $50,000 a year). The message is aimed at slashing migration to Britain and goes into effect in April. But critics call the new rule discriminatory and say it will strip Britain of lower-paid artists, health...
  • Is The Fed "Seriously Considering" Negative Interest Rates?

    02/04/2016 9:57:02 AM PST · by Former Proud Canadian · 36 replies
    Zerohedge ^ | February 4, 2016 | Tyler Durden
    The Fed may "seriously consider" negative rates after moving rates back to zero, reintroducing forward guidance and making "stronger pleas" to Congress for fiscal policy action as there are complications for money markets, according to BofAML strategist Mark Cabana. This would not be a total surprise as Mises Institute's Joseph Salerno warns recent Fed commentary suggests they want to test-drive negative interest rates... In 2016, the Fed's annual stress test on banks will include a scenario in which the interest rate on the three-month U.S. Treasury bill becomes negative in the second quarter of 2016 and then declines to -0.5%,...